Broker

Liteforex

4 months ago
Views: 1,955
1128 Reviews

Description

Company Summary

General Information & Regulation

Liteforex is the trading name Liteforex (Europe) Limited which registered with address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005. Liteforex (Europe) Limited, is registered as a Cyprus Investment Firm (CIF) with the registration number HE230122 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID).

Market Instruments

Investors can trade all popular currency pairs and cross rates, precious metals, crude oil, stock indices, stock CFDs, and cryptocurrencies through Liteforex broker.

Liteforex Minimum Deposit

There are two acocunt types are listed on Liteforex platform: the Classic Accounts and the ECN accounts. The Classic account requires a minimum deposit of $50 and a 30% tradable bonus on deposits, and the ECN account requires the same initial deposit amount but with a 2.5% annual account interest. Additionally, a demo account is alos available.

Liteforex Leverage

Trading leverage depends on various instruments. The maximum leverage for major currency pair is up 1:30, up to 1:20 for minor currency pairs and major indices, 1:20 for XAUUSD, 1:10 for XAGUSD, 1:10 for USCrude and UKBrent.

Spreads & Commissions

Liteforex calculates trading costs all into spreads. The minimum spread for the classic account is 2.2 pips for EURUSD, 2.3 pips for GBPUSD, 6.4 pips for XAUUSD, 6.2 pips for XGUUSD, 0.9 pips for USOil, 0.9 pips for UKOil, 10.6 pips for S&P500, 4.1 pips for Stocks, and 1.0 pips for Bitcoin. The minimum spread for BitUSD is 1316.0 pips. The minimum spread for ECN accounts is 0.1 pips for EURUSD, 0.3 pips for GBPUSD, 1.5 pips for XAUUSD, 1.0 pips for XGUUSD, 0.3 pips for USOil, 0.3 pips for UKOil, 0.6 pips for S&P 500, with its commission of US$5. The spread for BitUSD is 1316.0 pips, and the minimum spread for stocks is 0.1 pips.

Trading Platform

Liteforex offers traders the market-leading and popular MT4 and MT5 trading platforms, as well as MT4 Windows PC, MT4 Mac PC, MT4 Multi-Terminal Edition, MT4 iOS/iPad, MT4 Android, MT5 Windows PC, MT5 Mac PC, MT5 iOS/iPad/iPad, and MT5 Android, for users to make flexible choices.

Deposit & Withdrawal

Traders can deposit and withdraw funds via VISA & MASTERCARD credit cards, bank wire transfers, local deposits, Skrill, Neteller, Perfect Money, WebMoney, Alipay, and Bitcoin cryptocurrencies with a minimum deposit of $10. Liteforex will provide users with a certain amount of bonus, for the refund of fees incurred by the payment.

Customer Support

Customer service can be accessed 24/5 via live chat, and e-mail and phone support 12/5. LiteForex maintains a multi-lingual support team, while the FAQ section answers the most common questions. Traders are unlikely to require any assistance, as this broker explains most aspects well. In case of unforeseen events, it remains easy to receive help