Yes, LiteForex offers a Minimum Deposit of $50. This minimum deposit amount was equivalent to ZAR 800 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
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 Minimum Deposit Revealed – A Key 8 Point Quick Overview
- ✅LiteForex Overview
- ✅LiteForex Minimum Deposit
- ✅LiteForex Deposit fees and deposit methods
- Step by step guide to depositing the LiteForex minimum amount
- 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 Minimum Deposit
LiteForex has a minimum deposit requirement of only $ 50. Payments are usually processed the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin. This minimum deposit amount was equivalent to ZAR 800 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 💻Account Type | 💰Minimum deposit |
| 🪙Cent | $1 |
| 🤖Micro | $50 |
| 💳Classic | $100 |
| 💻E-Currency | $100 |
| 📱Swap-Free | $100 |
| 🗲Litespeed | $500 |
LiteForex’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
LiteForex Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that LiteForex requires when traders register a live account is low. LiteForex offers traders various payment or deposit methods that can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
LiteForex accepts the following deposit methods:
| 💳 Credit/debit card (Visa & Mastercard) | 💳 Skrill |
| 💳 Bank transfer | 💳 Alipay |
| 💳 WebMoney | 💳 Yandex |
| 💳 CentrePay | 💳 Dengi |
| 💳 Neteller | 💳 |
LiteForex does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours. USD EUR and MBT are accepted as deposit currencies. Traders must ensure that they verify whether their financial institution charges its own fees.
Step by step guide to depositing the LiteForex minimum amount
- Step 1 – Log into your LiteForex account
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
- Step 2 – Select the LiteForex deposit option
Traders can click on the LiteForex Finance tab to deposit the minimum amount
- Step 3 – Select payment method
Traders must select their payment method and fill out the required payment information. Funds must be transferred in the same currency as the bank account to which traders are sending it, to prevent currency conversion fees from being charged.
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
You might also like: LiteForex Demo Account
You might also like: LiteForex Fees and Spreads
You might also like: LiteForex Islamic Account
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
Can I make the LiteForex minimum deposit in ZAR?
Liteforex offers South African traders a platform to trade and make deposits
Are my deposits safe with LiteForex?
Through money management, that is a system incorporating certain rules in regard to admissible risks, as well as strict strategic framework for trading, such as: always consistent and unchanging tactics for placing orders, irrespective of time or conditions; thorough fundamental and technical analysis and desire to find the best points for entering the market
What are the deposit methods for LiteForex?
LiteForex offers the following deposit and withdrawal methods:
- Credit/debit card (Visa & Mastercard)
- Bank transfer
- WebMoney
- CentrePay
- Neteller
- Skrill
- Alipay
- Yandex
- Dengi
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
What are the deposit currencies for LiteForex?
USD, EUR and MBT
How long does it take to make a withdrawal?
LiteForex Investments Limited offers an automatic withdrawal feature that enables traders to withdraw funds within 24 hours and is available on Skrill, Perfect Money, and Neteller.
Top 4 Brokers
