I start to trade using real money, I hope I will succeed. After 1-2 months I will tell you about my trading experience on the CLASSIC account in LiteForex. Having thoroughly researched this broker and traded on its platforms, we have no hesitation in recommending it.

Org domains are pretty much the same as .com or .net but not that popular. Sure, brokerreviews is also working under a .org domain but we’re no FX broker and you can’t deposit money here. We think that Liteforex could invest a couple of thousand dollars to buy the .com domain https://limefx.club/ and look a bit more reliable. Liteforex is – just like Instaforex – starting to submit fake comments from company representatives to improve their reputation. We at ForexScams want real trader reviews and experiences and we will not accept any of these fake comments.

Is LiteFinance legit?

Overall the experiences are positive with a few critics. We suggest that you take a look at the trader experiences yourself. Liteforex is a relatively unknown Forex broker and not as popular as LimeFx, AvaFX, LimeFx or others.

• LiteForex’s information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker.
• All requests are performed on a first-come-first-served basis.
• Other than that I have been doing good with LiteForex and I am pleased.
• I always recommend that traders check them before evaluating the total trading costs.
• I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years.
• It is also becoming less transparent with its relaunched website.

At the beginning of this year, I ran into difficulties accessing my account, but access was restored within 24 hours. LiteForex has a rating of 4.08 stars from 24 reviews, indicating that most customers are generally satisfied with their purchases. Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable.

Frequently asked questions about LiteForex

I just left Liteforex because of the lame support and the fact that withdrawals take too long. Overall there are a lot of good experiences and only a few negative experiences. This is pretty strange because if there’s so much positive response why don’t you hear more about this broker? The major reason should be that limefx reviews Liteforex is very passive with their marketing unlike LimeFx, AvaFX, ForexPro or others. Despite 16 years as a brokerage, LiteFinance, previously known as LiteForex, appears to undergo unfavorable changes. It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities.

I get my refund, i get my money back from the losses because of that server down,i will continue using this broker. Will the Bank of Japan repeat its December hat trick? Then, unexpectedly for investors, it expanded the range of target bond yields.

Trading Pro

You got no reason as to why you can’t earn an extra income. Even though the final decision lies on you, LiteForex sends you trade signals to help you make a decision. With automated trading, you let the computer do the trading. Automated trading allows you to set rules of entering and leaving the market. The broker has been operating since 2005 and is regulated by CySEC.

I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. There is a demo mode I strongly suggest you activate first to get a hand of trading online, if it is your first time.

Ideally, all withdrawal requests are handled manually by the finance department. All requests are performed on a first-come-first-served basis. It only takes one business day from the day you made a request to process the request. It is important to note that it might take 5 days to have your funds if you are using bank wire transfer.

Broker Comparison

Until this broker fixes its issues and returns to the same standards established over 15 years as LiteForex, I advise extreme caution. They help me to become a good trader because i had a lot of stupid questions for their support and i got answers for all questions. Now I am trading with three brokers at the same time and i sure that liteforex is not bad broker and they have all for newbies and professionals. Traders will conduct all financial transactions from the secure back office of LiteFinance.

It supports 15 languages and offers a wide range of trading tools and popular trading platforms such as MT4 and MT5. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets.

Forex, binary options and cryptocurrencies are highly speculative assets. Trading CFDs carries a risk of losing money due to leverage. 78.6% of retail investor accounts lose money when trading CFDs. LiteForex gives you two types of trading platforms namely; MT4 and MT5.

To be precise, I received one withdrawal in the amount of more than 1000 dollars in 8 hours. I like this service, the withdrawal of profit is an exciting moment and there is always a fear that something will go wrong as you want and think. It has been alleged by a client that liteforex cancelled limefx official site all his profits and removed half of the deposits from his account. Forex traders should be smart enough not just to make lucrative trades, but also to choose a broker who can best meet their requirements. Our mission is to help investors to lower risks by providing unbiased reviews and ratings.

• I’m afraid staying in a position without getting quick support if there are problems.
• LiteForex also has a manuscript for terms of service (AKA client agreement).
• LiteForex LimeFxs Limited, the online broker’s parent company, is regulated and authorized in Marshall Islands in compliance with the Marshall Islands Business Corporation Act.
• However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.

LiteForex also has a manuscript for terms of service (AKA client agreement). Please please read the client agreement very very carefully, especially about withdrawal. Something that may look strange for traders is the fact that Liteforex is using a .org domain.

However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex’s instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks. LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Over half a million customers from different parts of the world have registered trading accounts at LiteForex. This is because the online Forex broker is reliable and has a spotless reputation. Launched in 2005, LiteForex offers benefits that many other forex brokers do not.

How profitable and stable it will be to trade depends on what place it will take in the rating. With the help of the rating, the investor can choose the Manager they need. At the same time, the number of managers is unlimited, and by distributing LimeFxs among several traders, the investor can diversify their risks. Moreover, the investor can set the drawdown and profit levels at which the LimeFx will be detached.