Key Takeaways

  • Free access to analytical materials from Claws&Horns.
  • Accepts deposits in BTC, ETH, BCH, LTC, XMR and XRP with 0% fees.
  • Popular Social Trading proprietary platform.
  • Low minimum deposits.

LiteFinance Overall rating

4.3
Overall rating is an average of ratings from experts in 4 categories.
Pricing
4.0
Regulation
5.0
Popularity
3.5
User rating
4.5 (14 reviews)
Source: fxverify.com

We start our LiteForex review with some of the key features of this popular CFD broker. LiteForex is a brand of the Liteforex group of companies, established in 2005 and acclaimed for offering one of the best copy trading platforms in South East Asia and best retail forex trading platform in MENA countries.

LiteForex is a well-regulated broker, supervised by one of the leading global financial regulators, the Cyprus CySEC, but also with a branch regulated by the nation island of Saint Vincent & The Grenadines (SVG FSA), catering for the international clientele.

The broker offers leveraged CFDs trading in forex, indices, equities from NYSE and Nasdaq, energies, precious metals, and cryptocurrencies, with 2 different accounts, tailored to suit every type of trader and trading strategy.

Each account is priced differently to accommodate investors’ needs, with a minimum deposit of just 50 USD and with a maximum leverage of 500:1. And to top it up, LiteForex offers an attractive 2.5% annual interest rate on surplus funds (funds not used for trading).

Negatively, LiteForex trading commissions are not the most competitive. The broker charges a trading commission, for the forex majors, on the ECN account, of $10 per round turn lot. Converting this trading commission into pips, it will be 1.0 pip, and adding that to an average spread of 0.2 pip for the EUR/USD cross, for example, the total cost of trading this pair will be 1.2 pip. And it costs even more when trading other assets – other FX crosses, 20$ per lot, FX minors, 30$ per lot, metals, 20$ per lot, and cryptos, 10$ per lot.

LiteFinance Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Liteforex (Europe) Limited
Cyprus - CY CYSEC
up to €20,000 30 : 1
LiteFinance Global LLC
Saint Vincent and The Grenadines - SVG FSA
500 : 1

Opening a trading account with LiteForex is possible with both of its two entities, one with the highly regulated tier-1 financial authority, the Cyprus CySEC, and with an offshore entity – LiteFinance Global LLC in Saint Vincent & The Grenadines (SVG). The SVG entity serves mainly the international clientele, and also traders looking for higher leverage ratios – up to 500:1. Please note that the LiteFinance Global LLC entity does not provide services to the residents of the European Economic Area (EEA), the USA, Israel, Japan, Russia, and some other countries. Let’s check out both LiteForex entities, individually.

Saint Vincent & The Grenadines supervision: LiteFinance Global LLC, trading as LiteForex, and with address at First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines will be the counterparty for international customers. LiteFinance Global LLC is incorporated in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021 and supervised by the nation island Financial Services Authority (SVG FSA). The LiteForex international website is www.liteforex.com.

European regulation: Liteforex (Europe) Ltd, with address at 124 Gladstonos Street, The Hawk Building, 4th floor, 3032, Limassol, is a financial services company registered as a Cypriot Investment Firm (CIF) under number 230122. Liteforex (Europe) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 093/08. The CySEC licence allows LiteForex (Europe) Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules. LiteForex European website is www.liteforex.eu.

Client Money Protection

LiteForex complies with the highest safety standards for clients' funds. LiteForex also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts.

For these reasons, LiteForex clients' funds are kept in top-tier international banks, fully segregated from the company’s funds.

Deposit Compensation

Liteforex (Europe) Ltd is a member of the Cyprus CySEC Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If Liteforex (Europe) Ltd is unable to meet its obligations, retail clients might be entitled to compensation to the value of up €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

Negative Balance Protection

Both LiteForex entities, Liteforex (Europe) Ltd and LiteFinance Global LLC (SVG) offer a default Negative Balance Protection. With the NBP mechanism, customers of LiteForex are protected from any losses bigger than their original investments, in cases of extreme market volatility.

LiteFinance Cashback rebates

Get Cashback
We will beat any competitor offer!
Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
  Classic ECN
ForexUp to $7.56 Per Lot
Oil / EnergiesUp to $0.126 Per Contract
MetalsUp to $5.04 Per Lot
IndicesUp to $0.126 Per Contract
CryptocurrenciesUp to 0.06% Per LotUp to 0.03% Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  Classic
Forex Up to $7.56 Per Lot
Oil / Energies Up to $0.126 Per Contract
Metals Up to $5.04 Per Lot
Indices Up to $0.126 Per Contract
Cryptocurrencies Up to 0.06% Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.
  ECN
Forex Up to $7.56 Per Lot
Oil / Energies Up to $0.126 Per Contract
Metals Up to $5.04 Per Lot
Indices Up to $0.126 Per Contract
Cryptocurrencies Up to 0.03% Per Lot
Payment Options
Monthly Cash Back
Payments are credited and sent automatically by the 12th of the month following the month cashback is earned in.

Notes

Rebates are not paid on a trade:
  • closed within 3 Pips of the open price;
  • open for less than 2 minutes;
  • generating less than $0.01 in IB commission;
  • percentage using bonus money as margin; or
  • using MULTIREBATE or PIPBACK promos.
Rebates are not paid for accounts registered with: CySEC entity.

What are LiteFinance rebates?

LiteFinance rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.

Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.

How do LiteFinance rebates work?

When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.

Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.

How much LiteFinance rebates can I earn?

Use our forex rebate calculator to estimate your LiteFinance rebate earnings:

Forex rebate calculator

You must enter a valid number
Calculate
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Are LiteFinance rebates a scam; do my spreads increase?

LiteFinance rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.

When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.

Are there any other benefits to signing up for LiteFinance rebates?

It depends on the rebate provider. Due to our unique relationship with many brokers, we have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond to us, since we typically have many clients with them. Our knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. We also offer trading tools, calculators, reviews and a robust forex education section.

How are forex rebates paid?

Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:

Forex rebate options vary per broker:

Monthly cash back Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.
Spread or commission reduction The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.
Paid direct to brokerage account Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.

In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.

LiteFinance Profile

Company Name LiteFinance Global LLC
Year Founded 2005
Headquarters Marshall Islands
Office Locations Bulgaria, Benin, Belarus, China, Czech Republic, Georgia, Indonesia, India, Cambodia, Sri Lanka, Mongolia, Nigeria, Philippines, Pakistan, Russian Federation, Slovakia, Thailand, Ukraine, South Africa
Account Currency CHF, EUR, RUB, USD
Support Languages Arabic, Chinese, English, French, German, Hungarian, Indonesian, Korean, Portuguese, Romanian, Russian, Spanish, Thai, Turkish, Vietnamese, Farsi, Croatian
Funding Methods Bank Wire, CashU, EgoPay, FasaPay, Neteller, OKPay, Perfect Money, Przelewy24, QIWI Wallet, Skrill (Moneybookers), Webmoney, Wallet One, Boleto Bancario, TBL, Pago en Efectivo, DaoPay, Fortumo
Financial Instruments Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

Established in 2005, and with offices in 3 continents, LiteForex offers two accounts types, the Classic account, suitable for novice traders, and the ECN account – tailored for professional investors, with more competitive pricing.

LiteForex claims that orders are executed at the best market price with no delays, slippage or re-quotes, by connecting traders to an ECN network and creating a seamlessly efficient trading environment. LiteForex client's funds are protected via a robust risk management model, built to withstand any unexpected market volatility. Through LiteForex’s advanced risk management systems, negative balance protection and segregated client funds, the broker offers a good level of safety regarding client assets.

Trading with LiteForex can be done via the classic MetaTrader 4 and the featured-packed MetaTrader 5, with both trading platforms available for desktop terminals running Windows and Mac OS, and complemented with the mobile versions for Android and iOS.

LiteFinance Asset classes

LiteForex trading platforms provide traders with direct liquidity from multiple venues and multi-asset trading – FX and CFDs on several financial instruments. As an online CFD broker, LiteForex offers a limited selection of 143 tradable financial instruments, divided into 5 asset classes: forex, cryptocurrencies, indices, stocks and commodities.

FX market: 56 currency pairs, including all major pairs, and some minor and exotic crosses.

Indices: 11 global indices CFDs, including the CAC40, S&P500, AUS200 and NIKKEI 225.

Stocks: 48 stocks CFDs available for trading, from NYSE and NASDAQ, from top companies and banks, such as Bank of America, IBM, Pfizer, Visa, Apple, Intel, eBay, Microsoft and Tesla*.

Commodities: 6 commodities CFDs available for trading; 4 metals – including Gold and Silver and 2 energies spot contracts – UK Oil and US Oil.

Cryptocurrencies: 22 cryptocurrencies CFDs crosses available for trading, including BCH, BNB, BTC, ETH, LTC and XMR versus the USD*.

*Please note, stocks and cryptocurrencies CFDs are not available to traders registering a live account with LiteForex (Europe) Ltd (CySEC regulated entity).

LiteFinance Account types

  Classic ECN
Maximum leverage500:1
Mobile PlatformMT4 Mobile, MT5 Mobile
Trading PlatformMT4, MT5, Proprietary
Spread TypeFixed Spread Variable Spread
Minimum Deposit50
Minimum Trade Size0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Classic
Maximum leverage 500:1
Typical Spread 2.0
Trading platform MT4MT5Proprietary
Mobile platform MT4 MobileMT5 Mobile
Spread type Fixed Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts
  ECN
Maximum leverage 500:1
Typical Spread 0.9
Trading platform MT4MT5Proprietary
Mobile platform MT4 MobileMT5 Mobile
Spread type Variable Spread
Minimum deposit 50
Minimum Trade Size 0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

LiteForex simplifies its offering of trading accounts, with solely two accounts types, developed to suit every trading strategy and investor’s needs, with different leverage limits, pricing and minimum deposit requirements. Let’s check out each account and its features:

LiteForex Classic account is best suited for experienced retail traders looking to trade only with the bid and ask prices, without any added commissions. The spreads of the LiteForex Classic account are floating, starting at 1.8 pip for major pairs, with no trading commissions and the Classic accounts can be opened with a maximum leverage ratio of 500:1 and with a low initial deposit of just 50 USD.

LiteForex ECN account is the broker’s ECN model account, suitable for all traders, and with lower spreads, in return for a trading commission. Spreads are also floating, starting at 0.0 pip on major FX pairs, but with a heavy trading commission of $10 per round turn lot. The minimum deposit also starts at 50 USD and the maximum leverage ratio available is also 500:1.

Both account types are available for investors registering with Liteforex (Europe) Ltd and LiteFinance Global LLC (SVG). The only difference is the lower leverage limits offered by the Liteforex (Europe) Ltd entity to retail traders, as per CySEC regulations.

LiteForex also offers swap-free accounts for traders of Islamic belief and viable options for social trading via its LiteForex Copy Trading* proprietary platform. The LiteForex Copy Trading platform is suitable and available for traders willing to provide their trades to the public and for investors looking to copy the trades of more experienced traders.

*Please note, the LiteForex Copy Trading is available to traders registering a live account with both entities.

Regarding leveraged forex trading, LiteForex maximum leverage ratio is 500:1 for clients opening a live account with the entity in Saint Vincent & The Grenadines, and is limited to 30:1 for retail traders opening a trading account with the Cyprus CySEC regulated entity.

Currently, LiteForex trading accounts are available in USD, EUR, MBT with the LiteFinance Global LLC (SVG) entity and in USD, EUR, GBP and PLN with Liteforex (Europe) Ltd.

LiteFinance Demo account

With a LiteFinance demo account traders can compare this CFDs broker with its peers, regarding the product offering and the trading conditions. A LiteFinance demo account is also useful for novice traders to practise their trading skills in a safe environment, without risking real money.

Opening a LiteFinance demo account takes less than 1 minute, and new users will need to register with the broker by filling in a simple form, with some basic information, including a valid email address or phone number and an account password. Alternatively, register with a Google or Facebook account. Please note that to open a demo account, traders do not need to upload any verification document(s) to LiteFinance, unless they are ready to open a live account.

After ticking the client agreement, the only thing left is to click the “Register” blue button. LiteForex will send an email with a PIN code to confirm your email address. On the top menu, there’s a tab with the user’s email address.

Click that and the “Activate Demo Trading” will show up – click it to enable the demo trading. At this point, on the left menu bar, click the” METATRADER” tab and the demo logins will show on the next window. Here you can configure the demo settings and download the MetaTrader terminal for Windows PCs. Download it, install it and log in to your new demo account.

LiteFinance demo account gives users the chance to test the broker's services and pricing on several financial instruments – guaranteed by the broker to replicate real market conditions, without risking any real money. The LiteFinance demo account can be tested for unlimited time, as it is non-expiring.

A LiteFinance demo account is 100% risk-free and the funds are virtual – including both winnings and losses, of course.

Register for free and test your trading strategies, open a LiteFinance demo trading account with no risk and no obligation now.

LiteFinance Pricing

Account/Pricing Classic ECN
EUR/USD Spread from 1.8 pip from 0.0 pip
EUR/USD Commission (1 lot) $0 from $10
EUR/USD Swap rate
(22-10-2021)
  • Long: -0.0561
  • Short: -0.0156

Spreads and trading commissions

LiteForex’s spreads and trading commissions are not the most competitive when compared with other top brokers in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Classic accounts starts at an above industry average of 1.8 pip, commission-free. And with the Liteforex (Europe) Ltd it is even worse, it starts at 2.0 pip, with an average of 2.2 pip.

But, the highlight goes to LiteForex’s ECN account, with more competitive pricing and trading conditions. Taking the EUR/USD cross again as our example, LiteForex proposes a starting low spread of 0.0 pip (average 0.2 pip) but gets penalised by the disproportionate trading commission of $10 for 1 standard lot traded ($5 per side/per lot).

With a trading commission of $10 per round lot, the LiteForex ECN account is above the industry benchmark, when compared with several other top brokers who charge on average between $6 to $7 per 100,000 currency units traded.

Rollover rates

LiteForex swap rates, as of 26-10-2021, and for the EUR/USD, stand at -5.616 for holding overnight a long position of 1 lot and at -0.156 for holding overnight a short position of 1 lot. We consider LiteForex’s rollover rates to be higher when compared with the rollover rates offered by other top brokers.

LiteFinance Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 5 different fiat currencies and maintained via 21 funding methods, including the traditional methods (debit/credit cards and bank wires), and also with the most popular e-wallets (all account base currencies and funding methods are subject to jurisdiction).

For European customers, deposits are available via bank wires, cards, Webmoney, Skrill and Neteller. International customers can deposit via bank wires, cards, several e-wallets including Perfectmoney, Skrill, Neteller and Qiwi and cryptocurrencies, including Bitcoin, Litecoin and Ethereum.

LiteForex does not charge any deposit fees and funds deposited with cards and e-wallets are available almost instantly on the trading account.

Minimum deposit: Opening a trading account with LiteForex can be done online, taking around 14 minutes to complete the required forms and preliminary confirm the details. LiteForex minimum deposit requirement to open a live account is $50 for the Classic and the ECN accounts.

Withdrawal fees: LiteForex also waives the withdrawal. LiteForex does not charge any fees for bank wire withdrawals, however, some e-payment options carry fees and they are not covered by Liteforex. Traders can enjoy free withdrawals and also set up an automatic money withdrawal option from their accounts and auto-withdraw up to $100 per day automatically to their preferred deposit/withdrawal method. For more information, please visit the LiteFinance Global LLC deposit and withdrawals and the Liteforex (Europe) Ltd deposit and withdrawals dedicated web pages.

Inactivity fee: Currently, Liteforex (Europe) Ltd charges a maintenance fee for accounts deemed dormant without any trading activity of 3 EUR/month and LiteFinance Global LLC (SVG) charges a dormancy fee of 10 US dollars/month (or the equivalent in another currency).

LiteFinance Popularity

LiteForex is not a very popular CFDs broker, perhaps due to its higher trading costs and the limited range of available financial instruments – 143 instruments with LiteFinance Global LLC (SVG) and only 73 with the Liteforex (Europe) Ltd entity. On the other hand, LiteForex has some key features that could be very popular with traders:

  • LiteForex accepts deposits in several cryptocurrencies, and the broker pays for the deposit fees;
  • Has a very low initial deposit of just $50 to open a live account;
  • Excellent proprietary social trading platform (Copy Trading), ideal for experienced traders looking to cash in on their trading knowledge and for investors looking to diversify their portfolio;
  • 5% annual interest on unused margin – only with LiteFinance Global LLC (SVG);
  • Attractive promos and contests with the LiteFinance Global LLC (SVG) entity.

Also, with LiteForex investors can trade with two trading platforms, the reliable MT4 and the upgraded MetaTrader 5, allowing all types of strategies and automated trading.

Popular trading account: The LiteForex ECN account is the popular choice with traders for its low initial deposit and the lower spreads offered.

Trading education

LiteForex also gets a couple of popularity points for its great offer of trading and educational materials, available through the "For Beginners” and “Trade Forex” tabs on its website. LiteForex clients can also find the broker’s blog with some market articles, market, enrol on free webinars, and access the excellent trading tools supplied by the broker, with a highlight on the analytical materials from Claws&Horns, an independent market analysis agency.

Research & education materials available on LiteFinance website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

LiteFinance Promotions

Zero Fees on Deposit

LiteFinance FAQs

Does LiteForex offer an MT4 download?

Yes, LiteForex offers an MT4 download for several devices, from desktops to mobile phones. The LiteForex MT4 can be downloaded by traders who opened a live account, but also by new customers looking to test the broker’s trading conditions with a demo account*.

*Requires registering with the broker and creating a demo account directly on the user dashboard, taking around 2 minutes.

The LiteForex MT4, in addition to allowing users to trade forex, also supports the trading of cryptocurrencies and other CFD products. The LiteForex MT4 is the perfect solution for all traders (seasoned and novice) because of its user-friendly interface, advanced charting features, technical analysis tools and automated trading capabilities.

LiteForex MT 4 platform download also supports multiple account base currencies including USD and EUR and is available in over 30 different languages. Unfortunately, LiteForex MT4 is not available as a web terminal, meaning that to use it needs to be downloaded and installed. Below you can find the LiteForex MT4 version that suits your trading needs, download it directly and install it on your device:

What is LiteForex Copy Trading?

LiteForex copy trading allows investors to copy the trades of successful traders and is the broker’s proprietary social trading platform, offered to investors and users registering a live trading account with the LiteFinance Global LLC, a group entity supervised by Saint Vincent & The Grenadines FSA and with Liteforex (Europe) Ltd, regulated by Cyprus CySEC.

LiteForex’s automated copy-trading system “Soсial Trading” will allow investors to trade independently, duplicate the best trades of other traders, share information and communicate with other traders. Depending on the investor’s goals, two options are available; be a Trader and provide your trades for copying (earning a commission) or an Investor, copying the trades of selected professionals.

How does LiteForex Social Trading works?

The Trader manages and trades with its own money on its account, shares its trading positions and success rate and communicates with its subscribers in chats, increasing the Investors.

In addition to the profits from the Trader’s trading positions, the Trader also receives additional earnings, as a percentage of the profit of its copying accounts. The Trader can start earning additional revenue with LiteForex in 3 easy steps:

  1. Register with LiteForex: Open a live account with the broker, submit the required documents and confirm the identity, and deposit funds into the account via any convenient method.
  2. Provide trades for copying: Open the trader dashboard and set the profile for copying by clicking the arrow next to the user avatar in the top right corner. Afterwards, go to the “My Profile” tab, fill in your personal information and set the copy trading account.
  3. Trade with profit: Open the web platform or the MetaTrader terminal and trade with profits. Go up in the ranking to attract investors. The more profitable and stable the trading results are, the more investors will start copying the Trader, and the higher the income will be.

LiteForex Social Trading supports all major currency pairs and cross rates, 20 cryptocurrencies pairs (not in Europe), precious metals, oil, stocks CFDs and stock indices CFDs.

The Trader is also allowed to share its trading successes and strategies via the chat room with other traders, create social channels with useful information, share the link to its profile with friends on social networks, or on specialised forums or forex blogs.

The Investor copies the trades of experienced traders, and if the outcome of a copied trade is profitable, a percentage of the profit is shared with the Trader, in the form of a commission.

The commission percentage charged by the Trader, for copying its trading positions, is set by the Trader and displayed in the ranking details. The Investor can start copying the trades of more experienced traders, also in 3 easy steps:

  1. Register with LiteForex: Open a live account with the broker, send the required documents to confirm the identity, and deposit funds into the account via any accepted method.
  2. Choose a Trader from the ranking: Open the user dashboard and go to the “Copy” tab. Select a Trader using the “Sort” filter to select potential Traders to suit your investment parameters. Save traders to your “Favorites” by marking the selected ones with a star.
  3. Start copying a Trader: Select a Trader profile by clicking on their avatar and checking out their copying specifications in the “Info About Trader” tab, If you want to select that Trader, set up the copying and start it. After the copying starts, Investors can always change the settings or stop it in the “Portfolio” tab, at the bottom of the page. Investors can copy several traders at the same time – to do so, Investors just need to select them and start copying their profiles.

Investors have 3 recommended copying strategies; full-size copying, copying a fixed size of each trade and copying a predefined percentage of each trade.

Full-size copying implies that the volume of a trade copied onto an investor’s account is equal to the volume of the respective trade in a Trader’s account. For example, if the Trader has opened 3 lots in its account, a trade of 3 lots will be copied onto the Investor’s account.

Copying a fixed size of each trade implies that the volume of a trade copied onto the Investor's account is always identical to the pre-set volume in the copy settings. For example, if the Investor sets a "copy fixed-size" of 0.5 lots and the Trader opens 2 lots, 0.5 lots will always be opened on the Investor’s account.

Copying a predefined percentage of each trade implies that the volume of a trade copied onto the Investor's account is identical to a % of the total volume of a trade opened by the Trader on its account. For example, if the Investor sets the percentage to 20% and the Trader opens 1 lot, it will open 0.20 lots on the Investor’s account

Can I trade with LiteForex if I live in Malaysia?

Yes, traders living in Malaysia can open a live account and trade with LiteForex. The broker has a dedicated web page for residents of Malaysia, where potential investors can check out the LiteForex range of financial instruments, trading accounts and pricing.

The counterparty for Malaysian residents will be LiteFinance Global LLC, supervised by Saint Vincent & The Grenadines Financial Services Authority (SVG FSA). Residents in Malaysia will not able to open a trading account with Liteforex (Europe) Ltd, regulated by the CySEC authority.

Residents of Malaysia will be able to trade via both account types offered by LiteFinance Global LLC, Classic and ECN, and also access LiteForex’s social trading platform. Investors from Malaysia can trade on all asset classes, including FX, stocks CFDs from the NYSE and Nasdaq exchanges, oil, precious metals and cryptocurrencies, and apply for a swap-free account (only available for traders of Islamic belief).

If you are a resident of Malaysia and would like to trade with LiteForex, click the button below to open a live account.



Does LiteForex accept residents of Vietnam?

Yes, LiteForex accepts residents of Vietnam. The broker has a dedicated web page for residents of Vietnam with all the info about LiteForex brokerage services, range of accounts, financial instruments and also promotions and contests. The counterparty for Indonesian residents will be LiteFinance Global LLC, supervised by Saint Vincent & The Grenadines Financial Services Authority (SVG FSA). Vietnamese residents will not able to open a trading account with Liteforex (Europe) Ltd, regulated by the CySEC financial authority.

Residents of Vietnam will be able to open any of the account types offered by LiteFinance Global LLC, Classic, ECN, and Copy Trading, and invest in all asset classes, including stocks CFDs from Nasdaq and NYSE, forex and cryptocurrencies, and apply for a swap-free account (only available for traders of Islamic belief).

If you are a resident of Vietnam and would like to trade with LiteForex, click the button below to open a live account.



Is LiteForex an ECN broker?

LiteForex is an online CFDs broker connecting trader’s orders to an ECN network, with multiple counterparties and liquidity providers, including banks and financial institutions. LiteForex is a reliable broker with a good reputation, working in the online trading industry since 2005, and an extremely popular broker in South East Asia, mainly in Malaysia, Indonesia and Vietnam.

An electronic communication network (ECN) in forex trading defines that every participant (buyers and sellers) is connected to a network, matching the buy and sell orders of an ECN type broker, to its counterparties and liquidity providers, whose role is normally played by big international banks, without the intervention of a dealing desk. An ECN type broker that facilitates the trading of financial products has several indisputable advantages:

  • Trades are sent directly to liquidity providers
  • No broker's intervention
  • Instant execution
  • No requotes
  • No conflict of interests
  • No limits on trading strategies

The LiteForex group of companies uses this technology in its ECN accounts, offering clients transparent market conditions, under which orders are executed at the best market price with no delays, minimal slippage, no re-quotes and without a dealing desk intervention.

But we don’t want just the broker’s word. We have searched through Liteforex (Europe) Ltd General Business Terms document, and we have found on point 4.4.1. an explicit paragraph confirming that statement: “All transactions and Contracts shall be executed by the Company as an Agent of its Client, either under the STP or ECN model of operations”.

In conclusion, Liteforex (Europe) Ltd assures that it does not operate a dealing desk, serving solely as a broker between traders and the market prices streamed by its counterparties connected via the ECN network. Unfortunately, we could not find the same documents and confirmation for the LiteFinance Global LLC entity in Saint Vincent & The Grenadines.

LiteForex review - final considerations.

We conclude our LiteForex review with the final considerations regarding this CFDs broker. LiteForex stands out from its competitors for its social trading platform, ongoing promotions and attractive contests, available to clients registering an account with the LiteFinance Global LLC entity supervised by Saint Vincent & The Grenadines FSA.

Also positively, the minimum deposit required to open a live account is very low, and LiteForex covers the deposit fees, earning some popularity with the trading community, merged with the acceptance of several cryptocurrencies as an account funding method.

The ECN trading environment offered by LiteForex, with fast execution speeds, allows for reliable transactions, with instant execution and order filling with no requotes and no conflict of interest. LiteForex clients are also allowed to hedge, scalp and use EAs and other automated trading systems, with no restrictions.

Negatively, the LiteForex ECN account lacks the competitiveness to be considered a good alternative for traders looking for a cheap broker to trade with, and the main reason is its higher than the industry average trading commission of $10 per traded lot. If we convert the LiteForex ECN account commission value into pips, investors will be trading with a disadvantage of 1.0 pip, when most top brokers charge a commission of 0.6 and 0.7 pip.

Overall, the safety of funds offered by LiteForex (Liteforex (Europe) Ltd, mainly) for retail clients, together with the excellent social trading (Copy Trading) proprietary platform, the range of attractive promotions and contests offered (LiteFinance Global LLC (SVG) only), merged with a low initial deposit of $50, position this CFDs broker on the top 20 brokers for popularity with traders opening a trading account in 2021.

LiteFinance User rating

4.5
(14)

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LiteForex verified customers - with a live trading account - recommend the broker mainly for its dynamic deposit and withdrawal processes, fast and very simple. Also positively, traders mentioned LiteForex’s supportive and efficient customer service, fast at answering and knowledgeable. Traders were also pleased with LiteForex’s execution speeds, with the educational materials offered on the broker’s website and the available trading tools, and of course, very pleased with LiteForex’s promotions and contests.

Negatively, some LiteForex users complained about the broker's pricing and trading costs, pointing out that spreads are higher when compared to other brokers.

Review sources

For more than 10 years we have been one of the leading IB brokers of forex and CFD trading accounts to virtually all of the world's top forex brokers. One of our primary goals is to help traders make informed decisions by publishing accurate and unbiased content, supported by primary sources.

These may include information supplied by the broker, government data, data available on the broker's corporate website(s), the analysis from our industry experts, and the opinions from verified traders with a live account. The information on the LiteForex review page was also sourced from:

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check the LiteForex website at www.liteforex.eu for the percentage (%) of retail investor accounts losing money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.