LiteForex Scam Broker Review

The non-EU entity accepts traders from a range of countries, including Iran, Myanmar, Nigeria, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Uganda, Ghana and Kenya. This review would like to have seen cryptocurrency trading offered. In comparison, LimeFX charges about 0.75% for Bitcoin trades, and Coinbase charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade. Further, Binance.US charges no fee for cash deposits or withdrawals by ACH bank transfers. The foreign exchange market is the largest and most liquid market on the entire planet.

We are so pleased to know that our clients are satisfied with the level of proffesionalism and care our team has been working so hard to accomplish. Thank you very much for taking the time and leaving such a wonderful review. Thank you for deciding to take the time to share your experience with others, we greatly appreciate it. Although we take a neutral stance, we also want to be open and provide this information so you can make an informed decision about engaging with this company. Clients are able to deposit as little as $500 to start trading. UFX offers Bitcoin CFDs on its ParagonEx Web Trader, Mobile Trading Platform as well as on MetaTrader 4.

LiteForex is jam-packed with bonuses that pamper any of its ardent traders. There are no commissions for any of the accounts and all of them can be limefx official site turned into swap-free Islamic accounts. Trading orders are executed at high speeds at LiteForex, and there are low spreads and one-click trading.

LiteFinance 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 LiteFinance’s supportive and efficient customer service, fast at answering and knowledgeable. Traders were also pleased with LiteFinance’s execution speeds, with the educational materials offered on the broker’s website and the available trading tools, and of course, very pleased with LiteFinance’s promotions and contests. LiteFinance 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. LiteFinance client’s funds are protected via a robust risk management model, built to withstand any unexpected market volatility. Through LiteFinance’s advanced risk management systems, negative balance protection and segregated client funds, the broker offers a good level of safety regarding client assets.

Bitcoin technical trading strategies

With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies. Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector. At InvestinGoal, we adhere to strict standards to ensure an unbiased review process.

  • We’ve reviewed the best MT5 brokers in the UK, and highlighted those that allow all trading styles and Expert Advisors.
  • Funding is available via bank cards and e-wallets including Skrill and Neteller.
  • The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required.
  • Not only the company is regulated by authorities from the Marshall Islands but all its operations are subject to regulations and stipulations of the European Union, including the laws of Cyprus.
  • Ease of use – The top services are well-designed and pleasing to the eye.
  • Compare Forex brokers that accept credit cards to fund your online trading account.

If we convert the LiteFinance 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. Both account types are available for investors registering with Liteforex Ltd and LiteFinance Global LLC . The only difference is the lower leverage limits offered by the European entity to retail traders, as per CySEC regulations. Liteforex Ltd is a member of the Cyprus CySEC Investor Compensation Fund .

LiteFinance Regulation / Money Protection

Badly designed ones can be counterintuitive to use and induce visual fatigue over long periods of use. Whenever an order is placed, the order is matched by the broker using a dealing desk to ensure speedy execution, using a counter-order in the same quantity as the trader’s request. For instance, the contracts on gold are based on the actual trading values of gold on the primary exchange where it is traded, which is the COMEX exchange in London. It goes against our guidelines to offer incentives for reviews.

Clients are able to deposit as little as $250 to start trading. Clients are able to deposit as little as $10 in order to open a Crypto account. Base account currencies available include US Dollar, Euro, Russian Ruble, British Pound Sterling, Japanese Yen, Bitcoin, Litecoin, Ethereum and Dash. On Crypto accounts there is also a charge for keeping an active position overnight. Base account currencies available include US Dollar, Euro and Russian Ruble.

LiteForex forex broker

SimpleFX offers Bitcoin CFDs on both desktop and mobile variations of the MetaTrader 4 platform. Get the latest crypto headlines, special offers and more when you join any of the following groups. Carbon prices are on the verge of a bull-market, as the European economy re-opens and the E.U. LiteForex ( is the only Forex broker in our panel to accept Monero for deposits and withdrawals.

LiteLimeFXplaint – LiteForex Review

Password recovery for accounts on most services goes beyond a simple request to reset your password. A multi-step authentication process is typically used to ensure that it is the account owner, and not a hacker, who is trying to recover a lost or forgotten password. Payment Method Variety – Variation in payment methods allows the user of the CFD platform a great variety of choice in deciding how to fund or withdraw from the account. No longer are users stuck with the old methods that are slow and cumbersome. When using CFDs, you typically get convenient deposit methods such as credit/debit cards and e-wallets such as Skrill, Neteller and PayPal.

LiteForex forex broker

Broker Complaint Registry’s mission is to assist victims of online scams. Leads may be provided to third-party vendors that offer compensation in return. We don’t recommend to trade with them and if you are trading with LiteForex contact them immediately and try to get your fund limefx forex broker out. If the LiteForex has done the following, you have probably a victim of LiteForex scam broker. Internet Connection Stability – Our VPS solution offers a professional setup. We have a high grade Internet connection and multiple backup connections in case one or more go down.

gives clients the benefit of split-second analysis and reaction

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. 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. LiteFinance does not charge any deposit fees and funds deposited with cards and e-wallets are available almost instantly on the trading account. Register for free and test your trading strategies, open a LiteFinance demo trading account with no risk and no obligation now. A LiteFinance demo account is 100% risk-free and the funds are virtual – including both winnings and losses, of course.

  • Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.
  • LiteForex Claws&Horns analysisInvestors can also join the broker’s copy trading network with the social trading platform, which allows you to synchronise your accounts with professional traders.
  • LiteForex is a relatively well-known forex broker that was started in 2005 and is currently located in the Marshall Islands.
  • Only a few brokers such as LiteForex and FXChoice allow the use of cryptocurrencies as a deposit/withdrawal method.
  • You’ll have access to a raft of historic information, including your entry and exit price levels, lot size, the duration of each trade, type of order used, etc.

Many of the micro and nano lot trading forex brokers also facilitate a no or low minimum deposit and often apply no deposit fees to your funds at all. LiteFinance reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more. CFD trading comes with a high risk of losing money, it is therefore not for all investors.

Funding is available via bank cards and e-wallets including Skrill and Neteller. Fees are reimbursed for all local deposit methods and are processed instantly. The minimum amount for deposit or withdrawal is $1 for e-wallets and $10 for cards. LiteForex Europe has an extensive mobile app offering, consisting of not only the MetaTrader apps but also the broker’s own apps tailored to forex signals, analysis, and strategies. Commissions are also charged with the ECN account at $10 per lot for major pairs, $20 per lot on forex crosses and metals, $30 per lot of forex minors, $5 per lot on oils and $5 per contract on stock indices.

How does a broker work?

Naturally, this implies that there is substantially more liquidity in the forex market and that Bitcoin is subject to a volatile trading atmosphere. Drafted a law that prohibits crypto to be used as a means of payment. However, the country aims to support crypto mining and bring regulations to its domestic exchange market.

The group of LiteLimeFXpanies was incorporated in 2005 on the Marshall Islands. It is regulated following the Marshall Islands Business Corporation Act. Moreover, Liteforex Europe Limited is registered in the role of a Cyprus LimeFX Firm and is stringently regulated by CySEC, finding its European address in Limassol. Micro Lots – The value of these is 1/100 of a standard lot or $1000 . Mini Lots – The value of these is 1/10 that of a standard lot or $10,000 . 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.