LiteForex is certified and was established in 2005 and provides excellent trading conditions in forex market. The broker is suitable for traders with any level of experience, beginners or professional alike. Currently with more than 240,000 active traders, 300 new accounts daily and more than 700,000 orders closed monthly, Liteforex is one of the popular brokers today.
LiteForex won “The most stable broker in Asia 2010” nomination. It is a deserved acknowledgement of LiteForex serious success achieved over the years of working in the sphere of online trading, and a sign of company’s flawless reputation among brokers, traders and independent experts.
Account Types and Trading Conditions
Free unlimited demo account is available for practice. Once ready to trade for real, Liteforex offers 3 different types of accounts:
These accounts are suitable for beginners and for traders who wish to test their strategies. Minimum deposit requirement is just $1. All transactions on LITE accounts are in US cents, so you can trade by 0.1 lots with margin rates of 1% at leverage of 1:100 or with margin rates of 0.5% at leverage of 1:200. Spreads are as low as 2 pips.
Accounts are suitable for professional traders with sufficient experience. The maximum leverage is 1:500. Spreads are as low as 2 pips.
This option is for traders who prefer trading with a changing spread value. It is possible to execute transactions on Floating Spread accounts using any of the available trading instruments. Quotes are provided with increased 5-digit accuracy. Spreads start from 3 pips. There is no commission for carrying out trades.
Whatever your account choice is, placing orders employs Instant Execution technology, meaning that you don't need to request quotes before entering the market - just open and close positions at the price you see on the monitor.
The broker provides the most popular trading platform – MetaTrader 4. LiteForex offers 83 forex trading instruments including spot Gold, spot Silver and 8 currency indexes.
Bonus
Register for the LF Boom promotion and get $200 deposited in his trading account as a welcome bonus. The LF Boom promotion starts on the 17th of May and will be valid till the 6th of July 2011, inclusive.
Make first deposit within 24 hours of registration and receive 30% bonus.
Each time you make a deposit, receive automatic 15% bonus to the trading account.
Payment Methods
Deposits and withdrawals can be processed with the following payment methods: Webmoney, Liberty Reserve, Moneybookers, OK Pay, Alertpay, Perfect Money, Liqpay and Wire Transfer. Withdrawal requests are processed manually by the financial department.
The transfer is performed within 3 working days upon request. In our experience, requests via moneybookers were processed almost instantly on a week day.
LiteForex also offers pre-paid Master card. LiteForex Card provides its owner with several advantages. It can be used as a regular debit card; however it does not require binding to a bank account and therefore credit checks are unnecessary. You can make payments in more than a hundred countries all over the world with the help of this card, wherever the trading brand MasterCard® is represented.
The main advantages of our card are as follows:
Credit history and credit checks are not required
No chance of negative balance
Transactions limited to $12000 per week
No limit on annual balance
Capable of instant money transfer; for example to relatives, friends and employees
Language and Support
Liteforex is available in many languages: English, Russian, Chinese, Malaysian, German, Portuguese, Brazilian, Spanish, French, Turkish and Greek. Highly professional customer support is ready to help traders 24 hours a day, 5 days a week.
