Yes, LiteForex does offer a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
LiteForex at a glance
| 🔍 Brokers name | LiteForex |
| 🏛 Headquarters | Majuro, Marshall Islands |
| 📅 Years founded | 2005 |
| 📝 Regulating authorities | Only regulated in accordance with Marshall Islands Business Corporation Act. (63888) |
| 🌍 Countries not accepted for trade | United States, Japan, Israel, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom |
| 📒 Demo account | Yes |
| Islamic account | Yes |
| 💻 Institutional account | Yes |
| 🤝 Managed account | No |
| 📊 Maximum leverage | 1:500 |
| 💳 Minimum Deposit | $50 or currency equivalent |
| 💳 Deposit options & Withdrawal options | Credit/debit card (Visa & Mastercard), Bank transfer, WebMoney, CentrePay, Neteller, Skrill, Alipay, Yandex, and Dengi. |
| 📊 Platform(s) provided | MT4 and MT5 |
| 📲 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad Tradable assets offered Currency – FX trading is available 24/5 on major, minor, and exotic pairs |
| 🌐 Languages supported | Arabic, Russian, Malay, Português, Español, Français, Thai, Simplified Chinese, Armenian, Hindi, Bengali, Japanese, Korean, Turkish, Azerbaycanca, Oʻzbekcha, Jazasha, Persian, Georgian, Myanmar, Swahili, Indonesian and Vietnamese |
| ☎ Customer service hours | 24 hours, five days a week |
| 📌 Open an account | 👉 Click Here |
|---|
Min Deposit
USD 50
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LiteForex Demo Account Revealed – A Key 7 Point Quick Overview
- ✅LiteForex Overview
- ✅How to set up a LiteForex Demo Account – Step by Step
- ✅LiteForex Demo Account Features
- LiteForex Pros and Cons
- LiteForex Customer Reviews
- Conclusion
- Frequently Asked Questions
LiteForex Overview
LiteForex Investments Limited is an established online ECN CFD and forex broker that allows clients to trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms using multiple deposit and withdrawal methods.LiteForex Investments Limited has a variety of tools to facilitate successful trading including an economic calendar, a world market news blog, and both a margin and Fibonacci calculator, all accessible via the homepage.
LiteForex Investments Limited was founded in 2005 and has headquarters in the Marshall Islands. The group boasts more than 500 000 clients worldwide with offices in the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, Iran, and a recently opened office in Lagos, Nigeria. LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe.
LiteForex provides traders access to Tier-1 liquidity in Forex, commodities, and stock markets, allowing traders access to various financial instruments such as major FX pairs along with cross rates, oil, precious metals, and various others.
LiteForex says it uses only the most advanced technology to ensure that traders operate in a safe and user-friendly environment on the best trading platforms and with high-speed executions. LiteForex’s offering also includes low floating spreads, market execution void of requotes, and professional assistance.
How to set up a LiteForex Demo Account – Step by Step
To register for, and set up a demo account with LiteForex, traders must visit the website and follow the simple steps. New accounts are applied online and processed according to established industry standards.
Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency. LiteForex demo accounts can be opened in USD, EUR, and MBT.
Follow these steps to open a Demo account:
- Step 1 – Navigate to the LiteForex website
The first step in registering for a LiteForex demo account involves traders navigating to the LiteForex website, and clicking on “Trading” and selecting “DEMO” to proceed.
- Step 2 – Select “try demo mode”
The second step requires the trader to select “try demo mode” to proceed through the process of opening a LiteForex demo account.
- Step 3 – Fill out the LiteForex registration
The third step in the registration process requires traders to fill in their: email address, phone number, and password.
- Step 4 – Trade on the LiteForex demo account dashboard
traders can now gain access to the LiteForex demo account to start trading once they verify their account.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what LiteForex has to offer.
LiteForex Demo Account Features
LiteForex’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
| 🌐 LiteForex Demo account features: | Mims live trading enviroment |
| 🆓 Risk free | |
| Unlimited duration of transactions. | |
| Access to all trading instruments. |
LiteForex Pros and Cons
| ✔ PROS | ❌ CONS |
| Automated trading – APIs | Clients from many countries prohibited |
| Copy trade services are available | Not regulated by a reputable authority |
| A demo account can be opened | Offshore broker |
| Good variety of assets and trading tools | Negative online reviews |
| Islamic accounts can be opened | |
| Social trading platform available |
LiteForex Customer Reviews
Successful Withdrawal
I registered 2 weeks ago, immediately after the server crashed for a period of 1 week, yesterday I requested the transfer via skrill and today I received them…- Claudre
This is Good broker for investing
This is Good broker for investing. I have trade gold , oil, and many product – Brian Brit
Really expected better
They have questionable spreads and it all looked nice at first till I put a big chunk in and I have been having issues with my account. After a while of research, found future said website and I was able to get back all I put in from LiteForex through them.
They can be very sweet and tricky and that’s very bad. – Gina
You might also like: LiteForex Account Types
You might also like: LiteForex Fees and Spreads
You might also like: LiteForex Islamic Account
You might also like: LiteForex Minimum Deposit
You might also like: LiteForex Sign up Bonus
You might also like: LiteForex Review
Min Deposit
USD 50
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
LiteForex is a broker that caters not only to expert traders but also to beginner traders through its provision of a variety of educational tools and materials. Although there are only two account options, both cater to all levels of trader experience. The offering is competitive with tight spreads and reasonable commissions along with an exceptionally low minimum deposit of $50 or currency equivalent.
In addition, LiteForex offers a safe and secure trading environment and advanced trading platforms which add substantially to the trader’s experience. In addition, the Social Trading option is one that makes LiteForex extremely unique and sets it apart from its peers, along with being one of few brokers to provide analysis from the third-party firm, Claws & Horns.
Unfortunately, the asset list of instruments that traders can use is limited when compared to other brokers, and this is something that needs to be addressed.
Frequently Asked Questions
Is the LiteForex demo the same as a real trading account?
A demo account as is offered by broker companies like LiteForex is usually funded with virtual money and allows a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customer’s own real money.
Does LiteForex offer a demo account?
Yes.
How long is the LiteForex demo account valid?
The LiteForex demo account can be used unlimited.
Can you withdraw funds from a LiteForex demo account?
LiteForex offers traders the use of virtual funds to practice trades, these funds cannot be withdrawn from a LiteForex demo account.
Is LiteForex a good option for beginner traders?
Yes, LiteForex offers beginners a demo account to practice trades, as well as various education tools on their website.
Top 4 Brokers
