LiteForex Review 2025

LiteForex review
LiteForex Awards

LiteForex have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for LiteForex below.

• Best Forex Brokerage Company in MENA - 2023
• Best ECN Broker in Asia - 2023
• Best Trading Account for Beginners - 2023
• Top 100 Trusted Forex Brokers in the Middle East - 2023
• Best ECN Broker of the Year in the Middle East
• Most Innovative Regional FX Broker in Asia
• Most Innovative ECN Broker in the MENA Region
• Best Retail Forex Broker
• Best Forex Trading Tools & Software
• Most Innovative Forex Broker
• Best Mobile Trading Platform
• Best ECN Broker
• Best Copy Trading Platform
• Best Retail Forex Trading Platform
• Best Trade Execution
• Best Forex Social Trading Broker
• ShowFX Asia 2010 – The Most Stable Broker in Asia
• Best Foreign Exchange Retail Service Provider
• Best Forex Broker in Nigeria
• Affiliate Program Innovator - 2010
• Best Client Service
• World Finance "Top 100"
• Best PAMM Service
• Best Client Service in Latin America
• Best Broker in Africa
• Best Online Broker in Latin America

LiteForex review
LiteForex Fees Explained

• LiteForex doesn't charge withdrawal fees.
• LiteForex does charge a fee for inactive accounts.
• LiteForex doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from LiteForex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

LiteForex Costs To Check

Modern brokers like LiteForex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, LiteForex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall LiteForex trading profitability.

How LiteForex Fees Compare Against Other Brokers

LiteForex Minimum Deposit

LiteForex requires a minimum deposit of 50 GBP/USD/EUR when opening an LiteForex trading account.

A minimum deposit is the minimum amount of money required by LiteForex to open a new online brokerage account with them.

Don't be scared off by brokers like LiteForex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like LiteForex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

LiteForex Withdrawal Fees

LiteForex doesn't charge withdrawal fees.

LiteForex Withdrawal rules may vary across different brokers when it comes to transferring funds from your LiteForex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with LiteForex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the LiteForex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LiteForex. Researching and comparing LiteForex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing LiteForex funds frequently or dealing with large sums of money. Awareness of these LiteForex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LiteForex funds.

For example, LiteForex allows you to withdraw your funds to Debit Cards, Credit Cards, Bank Wire Transfers, Electronic Transfers, STICPAY, Perfect Money, M-Pesa Kenya, M-Pesa Tanzania, Africa Mobile Money, Volet (ex. Advcash), Cryptocurrency.

LiteForex Inactivity Fees

LiteForex does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by LiteForex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all LiteForex fees and services. It's recommended that you check the LiteForex website before signing up. If you decide to close your LiteForex account, it's important to do so with the LiteForex broker customer support and obtain confirmation that no remaining LiteForex fees are due.

Brokers like LiteForex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

LiteForex Deposit Fees

LiteForex does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

LiteForex Commission Fees

LiteForex does charge commission on CFD instruments.

Brokerage firms like LiteForex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the LiteForex trading account level held by the trader.

LiteForex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing LiteForex terms and conditions to understand the commission fees and any other charges that may apply is essential.

LiteForex review
Trading on LiteForex web platforms and other applications

LiteForex is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

A LiteForex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

LiteForex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See LiteForex's platforms

Is the LiteForex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the LiteForex trading platform to protect you on PC and mobile LiteForex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using LiteForex web trading platforms.

LiteForex Trading Platform Options

After logging into your LiteForex account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

LiteForex does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options LiteForex gives you.

LiteForex review
LiteForex MetaTrader 4 (MT4)

LiteForex MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on LiteForex offers traders comprehensive features and tools to enhance their trading performance. The LiteForex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the LiteForex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows LiteForex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give LiteForex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 LiteForex trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the LiteForex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with LiteForex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The LiteForex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. LiteForex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with LiteForex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. LiteForex MetaTrader 4 is compatible with the latest macOS. LiteForex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on LiteForex

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade LiteForex MetaTrader 4 on iOS Devices

You can download the LiteForex app or trade with LiteForex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. LiteForex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade LiteForex MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and LiteForex offers its clients access to the MetaTrader 4 platform on these devices. With the LiteForex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing LiteForex traders to stay on top of their trades and react quickly to changes in the market. With the LiteForex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade LiteForex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on LiteForex are a powerful bundle of three major indicators designed to help traders make informed decisions. LiteForex MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help LiteForex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing LiteForex traders to potentially stay one step ahead.

LiteForex MetaTrader 4 Advanced Trading Tools

The LiteForex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LiteForex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, LiteForex provides traders with everything they need to succeed. The LiteForex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing LiteForex traders to analyze the market at any level of complexity.

Trade LiteForex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

LiteForex MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the LiteForex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for LiteForex MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, LiteForex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save LiteForex users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. LiteForex traders can navigate the platform and find the information they need to make informed trading decisions.

LiteForex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for LiteForex traders of all experience levels.

LiteForex review
LiteForex MetaTrader 5 (MT5)

LiteForex MetaTrader 5 (MT5) In Detail

LiteForex MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, LiteForex MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on LiteForex provides the convenience of using automated trading systems and copy trading, giving LiteForex traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade LiteForex MetaTrader 5 WebTrader

Access your LiteForex MetaTrader 5 accounts from any web browser. MT5 on LiteForex features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

LiteForex review
LiteForex MT5 Buying and Selling

LiteForex MetaTrader 5 on iOS Devices

LiteForex MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. LiteForex MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

LiteForex MetaTrader 5 on Android Devices

The LiteForex MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the LiteForex trading server. Take the time to understand all of the LiteForex Android MetaTrader 5 features. With LiteForex MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

LiteForex Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• LiteForex Financial instrument quotes
• View in-depth price charts of financial instruments with LiteForex MetaTrader
• Manage trades and open positions on LiteForex MT4 & MT5
• View your LiteForex trading history
• View market news
• MetaTrader internal messaging on LiteForex
• View and research market statics of LiteForex financial instruments
• LiteForex Position opening and closing
• Lookup symbols in the LiteForex MetaTrader quotes section
• Display of deals on LiteForex graphs
• LiteForex Timeframe selection for graphs and charts
• Additional vertical scaling of LiteForex graphs
• Capability to transfer LiteForex accounts to other devices using QR codes
• Information is available only if it's supplied by LiteForex
• Access the OTP generator through FaceID or fingerprint with LiteForex

LiteForex MetaTrader 5 Advanced Trading Tools

LiteForex MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• LiteForex MT5 Depth of market bids and asks
• Financial Price Data on LiteForex
• Margin Calculation, Futures, Forex on LiteForex
• Advanced Techincal Analysis on LiteForex MT5
• One click trading on LiteForex MT5
• LiteForex Spreads
• LiteForex Futures
• LiteForex Trading Reports

LiteForex Trading benefits

• LiteForex Offers STP
• LiteForex Low min deposit
• LiteForex Offers Negative Balance Protection

LiteForex Trading Accounts Offered

Below we give an overview of the account types that LiteForex offer. Whatever you are looking to trade, the varying LiteForex account types will be able to provide you with what you need.

• LiteForex Demo account
• Micro account
• LiteForex Standard account
• LiteForex ECN account
• LiteForex STP account

Can I try LiteForex?

LiteForex provides a demo account that enables individuals to explore trading before investing their funds. By creating a LiteForex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the LiteForex demo account can help individuals to make informed decisions before investing their money.

Open a demo LiteForex account to practice and trade.

Your capital is at risk

LiteForex withdrawal and funding methods

It's essential to remember that the payment methods provided by LiteForex vary based on the LiteForex entity and the LiteForex client's country of residence. To view the LiteForex payment options available, you can log into your LiteForex member's area.

LiteForex offers various funding payment methods listed in your LiteForex dashboard if available in your region. To learn more about the LiteForex funding and withdrawal options available in your area, you can explore the LiteForex website.

LiteForex provides several payment methods for funding your LiteForex account. You may utilize any of these deposit options if they are available in your region. LiteForex ensures that users have multiple payment methods to choose from, making it more convenient for verified LiteForex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the LiteForex user's location. learn more about LiteForex funding and withdrawal methods.

LiteForex Payment Methods

Some LiteForex payment methods are local and are available only to specific regions. LiteForex account holders should check which payment methods are provided in your region.

• LiteForex accepts Debit Cards
• LiteForex accepts Credit Cards
• LiteForex accepts Bank Wire Transfers
• LiteForex accepts Electronic Transfers
• LiteForex accepts STICPAY
• LiteForex accepts Perfect Money
• LiteForex accepts M-Pesa Kenya
• LiteForex accepts M-Pesa Tanzania
• LiteForex accepts Africa Mobile Money
• LiteForex accepts Volet (ex. Advcash)
• LiteForex accepts Cryptocurrency

How can I start trading with LiteForex?

To open a trading account with LiteForex, individuals can sign up on the LiteForex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for LiteForex account validation and making a deposit. Once completed, LiteForex users can download the trading platform of their choice.

It's important to note that LiteForex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LiteForex maintain a trustworthy financial environment for its 100,000 users. Detailed information on the LiteForex trading platforms is available on their website.

Your capital is at risk

Performing trades with LiteForex

The trading platform, LiteForex, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. With the ECN and STP execution methods offered by the platform, traders using LiteForex can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

One of the LiteForex platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide LiteForex traders with greater confidence and peace of mind when trading on the LiteForex platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of LiteForex trades.

Like other brokers, LiteForex margin requirements can differ depending on the traded instrument.

LiteForex offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about LiteForex, and see all of the LiteForex account features on the official LiteForex website.

Limiting Your Risk When Trading with LiteForex Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like LiteForex. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a LiteForex trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, LiteForex trading losses are always limited to the current balance of funds in the trader's account.

Even if an LiteForex trader experiences a significant loss, they will never owe more money than what is available in their LiteForex account balance.

It's important for LiteForex traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that LiteForex losses are limited to the funds available in your LiteForex account when negative balance protection is in place.

Limit Risk When Trading with LiteForex Stop Loss, LiteForex Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as LiteForex . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for LiteForex traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an LiteForex trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide LiteForex traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with LiteForex, you must actively monitor your live trading portfolio and financial exposure on LiteForex.

Education Resources at LiteForex

LiteForex offer educational resources which include Glossary, Tutorials. Please bear in mind that these resources provided by LiteForex do not guarantee any results when trading. When we checked on the LiteForex website, these educational resources were not available in every language. Also some financial instruments mentioned in any LiteForex educational resources may not be available in your region.

To trade effectively with LiteForex, it's important to have a good understanding of the LiteForex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with LiteForex and externally.

LiteForex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with LiteForex. Familiarizing yourself with the LiteForex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using LiteForex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with LiteForex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like LiteForex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with LiteForex. Explore the LiteForex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with LiteForex, before live trading.

Customer Support at LiteForex

As part of our LiteForex review, we review customer service options, response times and problem resolution effectiveness on the LiteForex trading platform. The LiteForex trading platform supports a limited number of languages which includes English.

LiteForex Available Support Types

LiteForex has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

LiteForex customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with LiteForex has to be positive for you to effectively trade the financial markets on the LiteForex platform. LiteForex should answer all of your questions and your LiteForex platform issues are solved. When an LiteForex customer has any queries regarding LiteForex, the LiteForex customer support team should take these issues seriously and offer a quick and effective solution. LiteForex has a great client support team, so we have rated their customer service highly.

Livechat Support at LiteForex

We experienced fast and responsive support from LiteForex

At LiteForex, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from LiteForex should be a positive support experience for all LiteForex users, saving you from waiting days for an email response.

We also tested communicating with LiteForex support in various languages and countries. The LiteForex help centre quickly resolved our customer issues.

Email Support at LiteForex

LiteForex does not offer Email Support.

Phone Support at LiteForex

Our experience with LiteForex phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual LiteForex team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from LiteForex good.

See how LiteForex Support Compares Against Other Brokers

What you will need to open an account with LiteForex

As LiteForex is regulated by CySEC (Cyprus Securities and Exchange Commission) (093/08), CIF (Cyprus Investment Firm) (HE230122).

As a new client of LiteForex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with LiteForex in your region. During the LiteForex account opening process, you will be asked to provide LiteForex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with LiteForex have the following documents available.

• LiteForex require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for LiteForex compliance. This must be dated within the last six months.
• If you plan to fund your LiteForex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the LiteForex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under LiteForex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring LiteForex's platform.

However, remember that you won't be able to make trades on LiteForex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the LiteForex KYC compliance process as soon as possible to avoid any delays in accessing the LiteForex platform's features.

It is important to note that LiteForex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the LiteForex platform and features immediately. However, you must pass the verification process to start live trading with LiteForex, which can take up to a few business days.

To start the process of opening an account with LiteForex you can visit the LiteForex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.liteforex.eu/ on November 18, 2024.

Watch this LiteForex Explainer Video

LiteForex review written by Andrew Blumer and Mark Hansen