LiteForex Review: Regulation, Fees and Accounts
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LiteForex
Seychelles
Your money is at risk
LiteForex overview: what kind of broker is it?
LiteForex is an STP/ECN forex and CFD broker based in Seychelles, founded in 2012. Regulation: SIBA - Seychelles International Business Authority.
Traders get MetaTrader 4 (MT4) (MT5), spreads from 0.0, leverage up to 1:500 and a $1 minimum deposit. New clients can also check the current Yes.
LiteForex broker specifications
Company and regulation
| Broker | LiteForex |
|---|---|
| Regulated by | SIBA - Seychelles International Business Authority |
| Type of broker | STP/ECN |
| Country | Seychelles |
| Foundation year | 2012 |
| Website | Visit LiteForex website |
| Website languages | English , French, German, Russian , Portuguese, Spanish, Chinese |
Trading conditions
| Minimum deposit | $1 |
|---|---|
| Maximum leverage | 1:500 |
| Minimum spreads | 0.0 |
| Base currencies | USD |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Web trading | Yes |
| Mobile trading | Yes |
Bonus and promotions
| Current promotion | Yes |
|---|---|
| Welcome bonus | Yes |
| Standard no deposit bonus | Yes |
Contact details
| Telephone | 1-888-746-5619 |
|---|---|
| Email / Skype | clients@liteforex.com Skype: affiliate_liteforex |
| Fax | Not available |
| Head office | Kamil Staněk, Brněnsk� 139, Hrotovice, 67555Czech Republic (CZ, SVK) +420607665765 |
| Contact form | Contact LiteForex |
LiteForex pros and cons
Pros
- Regulated: SIBA - Seychelles International Business Authority
- Yes
- Low $1 minimum deposit
- Spreads from 0.0, STP/ECN execution
- MetaTrader 4 (MT4) (MT5)
- Islamic, mini, VIP and managed accounts
- Free demo account
Cons
- Bonus comes with trading-volume rules
LiteForex account types
LiteForex offers several account options so beginners and experienced traders can both find a fit. Live accounts start from a $1 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Swap-free account | Yes |
| Managed account | Yes |
| Segregated client funds | Yes |
LiteForex trading platforms
LiteForex runs on MetaTrader 4 (MT4) (MT5), which give you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
LiteForex broker: Key Facts
Discover the comprehensive LiteForex broker review. Learn about their trading platforms, account types, deposit and withdrawal options,
Related:
Official website: LiteForex.
Learn more: What is forex trading? (Investopedia).
LiteForex Broker Review
LiteForex deposit and withdrawal methods
The same methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
Is LiteForex safe and legit?
LiteForex is a regulated broker. SIBA - Seychelles International Business Authority. The broker says client money is kept in segregated accounts, separate from company funds.
Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:500.
Our verdict on safety
LiteForex suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.
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