LiteForex Broker Review 2025

LiteForex is a brokerage with a minimum deposit of $50 and a maximum order size of 100 lots. The broker has a market execution with a leverage of up to 1:30 in 3 markets [Forex, indices, commodities.]

An Introduction to the Company and Its Regulatory Status

LiteForex (Europe) LTD, established in 2008, is a brokerage with a long track record in the industry. Headquartered in Limassol, Cyprus, the Forex broker operates under the watchful eye of the Cyprus Securities and Exchange Commission (CySEC), one of Europe's most respected financial regulators. Other Key Points:

• Registered at 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus
• Regulated under the license number 093/08
• Member of the Investor Compensation Fund

Summary of The Broker's Specifications

This is the section where we provide a table of notable specifics and features offered by the Forex broker. Take a look to get a better view of the brokerage:

Trading Accounts Variety

The choice of a trading account on this broker is limited to 2 main options. Traders can choose one based on their preferences and trading styles. Let's discuss the accounts in the table below:

ECN accounts are particularly attractive for those seeking the tightest spreads and fastest execution. In addition to real accounts, a demo account is provided for risk-free trading and skill improvements.

Pros and Cons of Trading With LiteForex

Every brokerage comes with a set of advantages and disadvantages. We will have a brief look at some of the strengths and weaknesses of the broker's services in the table below:

How to Sign Up and Verify Your Account

Creating an account with LiteForex is not complicated, but it might take longer than you expect. The process will be explained in detail in this section.

#1 Head to the Website

After ensuring you have the genuine URL, visit the website and click "Registration" at the top-right corner of the page.

#2 Complete the Form

Choose your country of residence and enter your birthdate first. Then, provide your email address and create a password.

Agree with the Client Agreement and the Privacy Policy. Afterwards, a code will be sent to your email; enter the verification code received in your inbox.

Now, type in your phone number and wait for another OTC; Submit the verification code sent to your number. You are now registered on the broker's website.

#3 Identity Authorization

To verify your registration, you should provide additional information and submit the required documents on your profile.

Trading Platforms and Related Software

LiteForex offers a variety of trading platforms to fit different trading approaches and preferences. Two of them are MetaTrader 4 and MetaTrader 5, the most popular terminals in the Forex industry. Also, a proprietary platform is developed by the broker for those preferring other options.

The proprietary application is more focused on account management and analytics rather than full-scale trading execution. While clients can monitor the markets, receive news and analysis, and manage positions, the app’s full trading functionality is not explicitly confirmed.

All of the mentioned terminals are available on the computer, web, and mobile:

MetaTrader 4:

• MT4 Android
• MT4 iOS
• MT4 Windows
• MT4 MacOS

MetaTrader 5:

• MT5 Android
• MT5 iOS
• MT5 Windows
• MT5 MacOS

Proprietary App:

• LiteForex Android
• LiteForex iOS

TradingFinder has developed a comprehensive list of MT4 and MT5 indicators that you can use for free.

LiteForex Broker Spreads And Commissions

Brokerages typically charge a commission on specific live accounts. Also, a spread is applied to trading pairs. Let's investigate these two for LiteForex in the table below:

In addition to these charges, a fee is applied for inactive accounts as a 3 EUR monthly cost. The spread varies depending on the trading instrument and market conditions. Major forex pairs like EUR/USD typically have the tightest spreads.

Which Methods Are Available for Funding and Withdrawals?

This section is where LiteForex puts on a strong performance. Based on our investigations, the brokerage supports these options for deposits and withdrawals:

• Credit/Debit Cards: Visa and Mastercard
• Bank Transfers: Wire transfer
• E-wallets: Skrill & Neteller

As stated by the company on its website, it reimburses the deposit fees for payments made through all methods. This is a strong point for the broker in terms of deposits and pricing.

Is Any Copy Trading Option Available on LiteForex?

The broker has considered those looking for investment options, too. It offers an automated copy trading feature, allowing less experienced traders to mimic the strategies of successful traders:

• Easy-to-use interface for finding and following traders
• Detailed statistics on each trader's performance
• Profit calculator with investment time and amount parameters
• Option to communicate with signal providers

This feature is particularly useful for newcomers looking to learn from experienced traders or those who don't have time for active trading.

Tradable Instruments and Markets

LiteForex is one of those brokers with less variety in trading assets; it provides access to three asset classes, including the Forex market and Indices.

• Forex: major and popular currency pairs
• Indices: 11 symbols, including S&P500, FTSE 100, NASDAQ 100, and more
• Commodities: Gold, silver, palladium, platinum, and oil

The short list of trading symbols on the brokerage might be disappointing to those looking for diversity in their portfolio.

LiteForex Broker Bonuses And Promotions

Brokerages occasionally offer bonuses and promotions to attract new traders and reward existing ones. Currently, LiteForex does not offer any deposit bonuses or promotional offers.

We think that this approach aligns with CySEC regulatory requirements, which have discouraged brokers from offering trading bonuses. Always check the official LiteForex website for the most up-to-date information on any current promotions or special offers.

Support Dept.; Contact Channels, and Service Schedule

LiteForex provides support via a standard, typical set of channels to assist traders with any queries or issues:

• Live Chat: Accessible directly from the "Contacts" page on the website
• Email: support@liteforex.eu
• Phone: +357-25-750-555

Unfortunately, there are no 24/7 support services available; the department answers your inquiries 24 hours a day, from Monday to Friday.

Is LiteForex Limited to EU Countries?

This broker is different than most of its competitors in this regard, providing its services only to a selection of countries. According to the website, these countries include the European Economic Area (EEA), the UAE, and the Marshall Islands. Therefore, these regions are all restricted:

• United States
• Japan
• Canada
• Australia
• New Zealand
• North Korea
• Sudan
• Syria
• Iran
• Cuba
• and so on

In conclusion, if you are not from one of the allowed countries mentioned above, this broker is not for you.

Trust Scores & User Reviews

The ForexPeaceArmy website is one of the reliable sources for evaluating trust scores for a Forex broker. The LiteForex ForexPeaceArmy profile has received mixed scores from the trading community:

• Score: 2.9 out of 5
• Number of Reviews: Over 60

While the broker has a relatively long history in the industry and is regulated by CySEC, these mixed reviews suggest that potential clients should carefully consider their options and perhaps start with a small deposit to test the brokerage's services.

Education Resources and Materials for Clients

LiteForex offers a range of educational resources to help traders improve their knowledge and trading skills:

• Glossary of trading terms with definitions
• Articles on various trading topics with tips and guidelines
• Terminology for copy trading and guides on its process
• FAQs regarding multiple topics and services of the broker
• Assistive tools, calculators, and calendars

While these resources are helpful, especially for beginners, they are not as comprehensive as those offered by some larger brokers.

LiteForex Vs. Top Brokers

Look at the table below for a parameter-based comparison between LiteForex and other brokerages:

Conclusion And Final Words

LiteForex, operating with 4 base currencies [USD, EUR, GBP, PLN], reimburses the deposit costs for payments via all methods [VISA, MasterCard, bank wire transfers, Skrill, Neteller.] The broker has received a 2.9/5 score on ForexPeaceArmy, based on over 60 user reviews.