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LiteForex -

Score

4.99 /10
Average

LiteForex

Cyprus

15-20 years

Regulated in Cyprus

Straight Through Processing (STP)

MT4 Full License

Global Business

High potential risk

https://www.liteforex.eu/

Benchmark

B

Influence

A

Add brokers

Comparison

Quantity 101

Exposure

Open Account
Website

Score

Regulatory Index5.50

Business Index8.81

Risk Management Index0.00

Software Index9.96

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

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Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
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Tradesto

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MY SCM
2022-01-01
INVESTOR ALERT LIST
LiteForex

Broker Information

More

Company Name

Liteforex (Europe) LTD

Company Abbreviation

LiteForex

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 85 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

LiteForex

Cyprus

WikiFX Verification

LiteForex · Benchmark
Average transaction speed(ms)
731.3 Poor
The highest transaction speed(ms)
203
The highest speed of opening positions(ms)
203
The highest speed of closing position(ms)
204 Good
The lowest speed of opening positions(ms)
1985 Poor
The lowest speed of closing position(ms)
1996 Poor
Ranking： 94 / 125
Test user 1,134
Transactions 22,456
Ocuppied margin $5,855,594 USD
Data Source WikiFX Data provide
Updated: 2025-04-28 01:04:00

Exposure

101 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

SCAM - ASSET SEIZURE

SEVERE ASSET APPROPRIATION SOS HELP ME

Huynh Tam
2025-03-25 00:43
Unable to Withdraw

SCAM - THEY STOLE MY ASSETS AND I WILL SUE THEM

I've lost nearly 600 million in investment and haven't been able to withdraw a penny. Now I'm in debt everywhere.

Huynh Tam
2025-04-04 21:05
Scam

Lite Finance does not give me my money

While I was trading, the company closed all my positions and deleted my $1800. Not even underground companies that are not global would do what they did. I strongly advise against it, stay away...

FX2266442718
2025-04-29 22:46
Resolved

Lite exchange is a fire island exchange

Lite Exchange is a scam exchange that offers customers a bonus when their trades are burned. When customers deposit money for the second time, the exchange automatically deducts the previously burned bonus. Therefore, please consider carefully before trading on this platform. Please refer to the image below to understand. I'm not lying.

FX3109000831
2025-02-12 12:36
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
LiteForex · Company summary
LiteForex Review Summary
Founded 2004
Registered CountryCyprus
RegulatedCYSEC
Trading InstrumentsCurrency, commodities, global stock indices
Demo Account✅
LeverageUp to 1:30
EUR/USD SpreadFloating around 0.6 pips
Trading PlatformMT4, MT5
Copy Trading✅
Min Account Deposit$50
Customer SupportWorking hours: 9 a.m. - 9 p.m.(GMT +2) (Monday to Friday)
Live chat
Phone: +357-25-750-555
Email: support@liteforex.eu
Address: Liteforex (Europe) Ltd, 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus

LiteForex Information

LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, and global stock indices markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides demo accounts and rich educational resources for beginners. The company allows clients to deposit and withdraw funds via popular electronic transfers, bank cards, and bank wire transfers with a minimum amount of 1 USD and no extra fees.

LiteForex's homepage

Pros & Cons

ProsCons
Many years' experience in the industryLimited leverage ratios
Regulated by CySECNo 24/7 customer support
Member of the Investor Compensation Fund
Various trading instruments
Demo accounts available
Tight EUR/USD spread
MT4 and MT5 supported
Copy trading offered
Low minimum deposit
Popular payment options
No deposit/withdrawal fees
Rich educational resources for beginners
Multiple contact channels

Is LiteForex Legit?

Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).

Regulatory AgencyCyprus Securities and Exchange Commission (CySEC)
Current StatusRegulated
Regulated byCyprus
Licensed InstitutionLiteforex (Europe) Ltd
Licensed TypeStraight Through Processing (STP)
Licensed Number093/08
Regulated by CySEC

Besides, the broker says that it is a member of the Investor Compensation Fund, which enables them to guarantee that all of their client funds are insured (up to 20,000 EUR).

Safety of funds guarantee

Market Instruments

Tradable Instruments Supported
Forex ✔
Commodities✔
Stock Indices✔
Cryptocurrency❌
Bonds❌
Options❌
ETFs❌
Market Instruments

Account Type

LiteForex offers a demo account for beginners to practice trading without risking real money.

For live accounts, the company provides two options: ECN and Classic.

Account TypeMinimum DepositAccount Base Currency
ECN$50USD, EUR, GBP, PLN
Classic$50USD, EUR, GBP, PLN
Account comparison

Leverage

LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread & Commission

Account TypeSpreadCommission
ECNFloating from 0.0 points✔
ClassicFloating from 2.0 points❌
Spreads
Currency PairSpread (Floating)
EUR/USD0.6 pips
GBP/USD1.0 pips
AUD/USD1.0 pips
USD/JPY1.0 pips
EUR/JPY0.2 pips
Spreads

Trading Platform

LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. You can download Apps for Android and iOS.

Trading PlatformSupported Available Devices Suitable for
MT4✔Windows PC, MacOS, iPhone/iPad, AndroiBeginners
MT5✔Windows PC, MacOSExperienced traders
MT4
MT5

Deposit & Withdrawal

Payment OptionsMin DepositCommission/FeeDeposit TimeWithdrawal Time
Visa/MasterCard$10❌Instant3-5 days
Bank wire transfers$10❌2-5 days2-5 days
Neteller/Skrill$1❌InstantInstant
Bank cards
Bank wire transfer
E-transfers

News

NewsLiteForex Celebrates Its 20th Anniversary with a $1,000,000 Challenge

The brokerage firm LiteForex has launched a trading contest with a massive prize pool exceeding $1,000,000. Running from January 1 to December 31, 2025.

WikiFX
2025-01-14 15:17
LiteForex Celebrates Its 20th Anniversary with a $1,000,000 Challenge

NewsLiteForex Review!! Read First, Invest Later

Liteforex is the trading name Liteforex (Europe) Limited which is registered with the address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005.

WikiFX
2024-12-11 15:53
LiteForex Review!! Read First, Invest Later

NewsUnlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

Boost your trading in the Philippines with LiteFinance’s 100% bonus offer! Increase your deposit and trade with more capital. Claim your bonus now!

WikiFX
2024-08-12 16:49
Unlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

NewsLiteFinance Welcomes 2024 with Big Wins & Better Trading

LiteFinance welcomed 2024 with New Year's promotions and enhanced trading conditions. Customers had the chance to win big with raffles and enjoyed lower fees for a profitable trading journey.

WikiFX
2024-02-07 14:22
LiteFinance Welcomes 2024 with Big Wins & Better Trading

NewsMonthly Japanese yen fundamental forecast

Is there a correlation between faster wage growth and faster inflation? Conversely, do high prices trigger workers to demand higher wages, resulting in employers eventually agreeing?

WikiFX
2023-11-28 17:26
Monthly Japanese yen fundamental forecast

NewsPound skating on thin ice. Forecast as of 19.10.2023

The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.

WikiFX
2023-10-25 10:49
Pound skating on thin ice. Forecast as of 19.10.2023

NewsPound goes with the flow. Forecast as of 05.10.2023

The GBPUSD is going down despite the positive UK economic reports and the BoE's hawkish stance. The price dropped to a six-month low and might fall deeper. Let us discuss the Forex outlook and make up a trading plan.

WikiFX
2023-10-12 15:09
Pound goes with the flow. Forecast as of 05.10.2023

NewsZloty caught in a scandal. Forecast as of 13.09.2023

A central bank's policy easing ahead of elections is usually regarded as supporting a party in power. The Bank of Poland went further and dropped rates by 75 basis points. Let’s discuss it and make a trading plan for the EURPLN.

WikiFX
2023-09-14 11:30
Zloty caught in a scandal. Forecast as of 13.09.2023
About More

User Reviews

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User comment

28

Comments

Write a review

Ishaan 604
more than one year
Well, having trading with Lite Forex for almost 10 years. This broker has seen me through it all, from total newbie to the (hopefully) seasoned trader I am today, definitely the most reliable broker I've used. Spreads are always tight, the platform never crashes, orders are executed fast, and their customer support is great too. Seriously, some days I live and trade, and Lite Forex has always been there for me.
Well, having trading with Lite Forex for almost 10 years. This broker has seen me through it all, from total newbie to the (hopefully) seasoned trader I am today, definitely the most reliable broker I've used. Spreads are always tight, the platform never crashes, orders are executed fast, and their customer support is great too. Seriously, some days I live and trade, and Lite Forex has always been there for me.
Translate to English
2024-07-11 10:18
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Khalid Ray
more than one year
Liteforex's high leverage is amazing for small accounts like mine (1:1000 for forex, 1:500 for commodities). Perfect for volatile markets like gold and GBP pairs, which is my jam. Plus, their support's awesome - got a dedicated account manager who replies fast!
Liteforex's high leverage is amazing for small accounts like mine (1:1000 for forex, 1:500 for commodities). Perfect for volatile markets like gold and GBP pairs, which is my jam. Plus, their support's awesome - got a dedicated account manager who replies fast!
Translate to English
2024-05-08 16:32
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0
1
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