LiteForex Fees, Spreads, and commissions vary according to the account type that the trader is using. LiteForex spread list starts from 0.0 pips.
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 Fees and Spreads Revealed – A Key 8 Point Quick Overview
- ✅LiteForex Overview
- ✅Lite Forex Fees and Spreads
- ✅LiteForex Additional Trading Fees
- LiteForex Broker Fees
- 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.
LiteForex Fees and Spreads
LiteForex’s spreads on EUR/USD start from around 1.8 pips. LiteForex spreads are specific to the account and asset being traded. The Classic account uses a spread-based system and the ECN account a commission-based system with $5 commission charged per lot. Fees, spreads, and commissions on the company’s spread list are as follows:
| 💰 LiteForex Fees and spreads | 0.0 pips |
| 💳 CFD | |
| 💳 Forex | |
| 💳 Cyptocurrency | |
| All popular currency pairs; * Trading is available 24 hours 5 days a week; |
LiteForex Additional Trading Fees
When trading financial instruments such as forex, traders can expect that overnight fees or swap fees will be applicable when positions are held for longer than one trading day. LiteForex does provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned.
| Swap fees | ☑ Yes |
| Spread betting fees | ☑ Yes |
| Commission | 0% |
The LiteForex support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply.
LiteForex Broker Fees
There is no mention of deposit fees on the LiteForex website. Traders need to verify what additional charges may be waived by their financial institution. In addition, should traders transfer fees in a currency that is different from their account base currency they may be subjected to currency conversion fees. Withdrawal fees are charged, however.
| ⏱ Inactivity fees | charges a dormancy fee of 10 US dollars (or the equivalent in another currency) |
| 💰 Crypto currency | ☑ Allowed |
LiteForex Pros and Cons
| ✔ PROS | ❌ CONS |
| Automated trading – APIs | Clients from many countries prohibited |
| Good variety of assets and trading tools | MT5 not available on ECN account |
| Islamic accounts can be opened | Not regulated by a reputable authority |
| No deposit fees charged | Offshore broker |
| Social trading platform available | Withdrawal fees are charged |
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
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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
What type of spreads applies to LiteForex?
LiteForex offers two main live account types where variable spreads start from as low as 0.0 pips
Does spread betting cost apply to LiteForex?
LiteForex support team should be contacted to enquire on spread betting costs
Does LiteForex charge any Inactivity fees?
The LiteFinance Company does not charge a commission for topping up a trading account. You only pay the commission of the payment systems
Will I have to pay any deposit and withdrawal fees with LiteForex?
Withdrawal fees are charged by Liteforex
Is LiteForex a good low commission forex broker?
The ECN account is commission-based with a commission charged at $5 per lot.
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