LiteForex – Review & Analysis of LiteForex
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LiteForex was established in 2005 and is licensed in Seychelles and regulated by SIBA (The Seychelles International Business Authority) as well as a full member of Russian Association of Financial Markets Members (RAFMM), is an owner of the B-type conformity certificate. LiteForex offers retail forex trading products such as Forex, CFD's precious metals and futures. LiteForex is a trademark registered with the US patent office and is known of its high level of customer satisfaction. LiteForex is a reliable forex broker and boasts of over 300,000 traders actively trading with LiteForex.
LiteForex offers a wide range of financial trading instruments with trading accounts that include fixed as well as floating bid/ask spreads. Trading at LiteForex is commission-free.
| Licence/Regulation |  |
| Account Types | LITEForex account | REALForex account | Floating Spread |
| Minimum deposit | 10USD | 10USD | 10USD |
| Leverage | 1:500-1:100 | 1:200-1:50 | 1:500-1:50 |
| Instruments | All Forex Majors, CFD's, Metals | ||
| Spreads | Fixed (3Pips Onwards) | Fixed (3Pips Onwards) | Variable Spreads |
| Trade size | 0.1 | 0.01 | 0.01 |
| Locked Margin | 50% | 25% | 50% |
| Interest Rate | 0% | 3.50% | 3.50% |
| Account Currency | USD, EUR, RUB, CHF | ||
| Platforms | MT4, MT5, Multi Terminal, Mobile Trader | ||
| Islamic (no swap) accounts | Yes. Open account and then contact the account manager. | ||
| Deposit Methods | WebMoney, Liberty Reserve, Bank WIRE, AlertPay, Monebookers, Bank WIRE | ||
| Open Account | Open Account | Open Account | |
LiteForex sets its pircing at 4 digits. Besides the various products offered by LiteForex, traders can also make use of the LiteForex VPS service, which is free to use for the first week and subsequently costs $20/month for usage. New traders at LiteForex can receive a 30% bonus on their first deposit. Trading at LiteForex is fun and easy and there are always various trader promotions offered by LiteForex. A well regulated, well established and a licensed forex broker, LiteForex is a good choice for traders.
