Advertisements:

Subscribe to the
Forex Newsletter

LiteForex — Forex Broker

Advantages

  • MetaTrader Forex broker.
  • MT5 real accounts are available.
  • WebMoney deposit/withdraw method.
  • Very low minimum deposit to start trading.

Disadvantages:

  • U.S. citizens aren't allowed to open an account.

  See LiteForex reviews

5.9/10 (487 votes)
Company LiteForex Group of Companies, Inc.
On-line since 2004
Country Cyprus
Payment options WebMoney, Moneybookers, Liberty Reserve and AlertPay.
Minimum account size $10
Minimum position size 0.001 lot
Leverage from 1:50 to 1:500
Categories
Spread 3 pips on EUR/USD
Regulation

Unregulated

Click here to open an account with LiteForex

Reviews 

52 reviews of LiteForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  yoku from malaysia.
Monday, April 4, 2011

I am not sure whether this is the same problem faced by other. Initially I was very satisfied with this broker. remain after several months without a lost record of my trading started to change more often "off quotes"

  Profi from Malay.
Monday, March 14, 2011

Excellent. Love this company. I win alot of doollars. My best recomendations.

  Geert from Kaohsiung, Taiwan.
Tuesday, February 8, 2011

Stay well clear of these guys. They are a Russian outfit I I suspect they are only after your money.

Endless requotes so trades no longer make sense. Off quotes if they do not like your trade. Buy and sell limit and stop orders are not executed even when there is enough money to do so. Strangely enough if you put in limit or stop orders with a stop loss option you can be sure they will make sure your trade is executed and taken to the stop before they move the market quotes up or down in their favour. Same goes for sell limit orders.

When you compare their quotes with other FX platforms they are always several pips off either up or down. So they show you a low spread but you can never really use it as the prices they quote are their own not the markets.

Trades get closed for no reason. When you complain they can prove the order to close came from your computer. I thought that strange as on each occasion I was only changing the TP option.

Depositing money did not do smoothly and I lost money there too because at a crucial time a deposit did not show up on my account. Withdrawing money is easy I read. No way. Still trying for several days now.

PLEASE BEWARE and stay well clear of this company.

  Alon from Israel.
Wednesday, November 3, 2010

Hi

Lite forex is one of the worst brokers I have ever traded with!!!!!

I don't know if that's because I started to win some money but their execution is soooooooooo slow you can starve to death until you have an execution.

Every trade I wanted to open I waited 30-40 seconds and then if the market move in my favor, I would get a reqoute and if the market moved in their favor the trade was execute and sometimes it was as if I paid 7-8 pips for the EURUSD .

Another thing , 50% of the time I could press buy or sell and after I wait 30-40 seconds I receive the massage "of qoutes"

I you are day traging I would suggest you to stay away from this broker

Thanks

  John A from Nigeria.
Monday, August 30, 2010

i have use varous brokers namely FxPro, FxOpen etc, there is just no one to be compared to liteforex. How i wish i started with them from my very first day in fx i would have been a millionia. they are the best. it is easy for one to turn $1 to a $100 in few days with their good money management strategy(0.01)lot size, no more crashing of account.they are just wonderful

  AlexP from Italy.
Thursday, August 5, 2010

I’ve just started trading, just a total noob, but… this is a great broker for newbies. I’ve learned a lot of new things already from their forum. There’s even an online trading discussion, where you can find some experienced traders posting their comments and forecasts on where the price will be going in next few hours. This is really great to talk to such people. Very good broker, with very smart traders, who can really predict the price movement.

  Will from USA.
Thursday, July 22, 2010

They are one of the best companies for service. Especially tech support guys: every time I need help I get help, even on weekend. You’ll like it.

  joehans from Philippines.
Wednesday, July 21, 2010

last day I was on the process of filling up online application for a live account in liteforex. But I made a mistake in filling up the application. But I am very pleased for their good customer service and live chat support, their staff shows willingness to help, they are the ones who really call me so as to solve my problems in the application, sooner after depositing fund to my live account I will begin trading with LF. I hope they will maintain their excellent customer service. For now, I think they are deserving for a perfect score with regards to customer service and support.

  Godson from Nigeria.
Tuesday, July 20, 2010

No body has send anything concerning the customer care, because any company that does not have good customer relationship is dead, for months now i have been try to communicate with this broker so i can open a real account all effort has been waisted, even the live support does not work, a broker you can not communicate with effectively i wonder if you na have problem with your account,

I only share my experience not trying to say

  Susan Sue from Russia.
Friday, July 16, 2010

Very good broker. I have no problem taring with them. My highest appreciation

  akpos from nigeria.
Thursday, July 15, 2010

Liteforex are very good. Innovative and responsive in their dealings with clients. I think am satisfied with their services

  Jameen Walker from NYC.
Sunday, January 31, 2010

Hi, i have been with liteforex.org for some time now. I love Liteforex. There is really no but when it comes to making money with them. Im a Swing Trader. So yes i do double my funds every week. I now have over a little $4,000 imy LF account., And i only started with $25, It took me two months to make $4,600.00. I have withdrawal $3,000. so far so good.

  Nigel from USA.
Thursday, December 24, 2009

I always wanted to get into forex thats y im here right now.Im getting mixed reviews from this site at the moment but i think most of the negative reviews are done from people expecting a quick withdraw.But ive done buisness via many sites and u may get ceratin payments quick for ceratin reasons.But your not always able to get them quick for certaain reasons.as long as i get my payments in 3 days im good .But i want to get into this anyone thats familiar with this site on a positive note email me at dasurveyor@gmail.com and i can be your apperntice

  Saleh from Iran.
Tuesday, December 8, 2009

im trading with liteforex.org broker about 3 years ..

allthing is good (deposit is instant via webmoney or currency and withdraw is in 6 hrs )

but system is busy, dealer is busy and can not close position in profit

  PipsHunter from Malaysia.
Saturday, October 31, 2009

I just tried my friend Liteforex live account which he ask my help to clear his floating.

After do few trade I found that this broker is SUCKS. So hard to close positions aspcially when the post is +ve. Than I studied the candle movement which I compare with another 2 broker. Open buy same price and there are missing candle in TF5 min frame....Liteforex give me profit 48Pip but the other 2 broker give me 60pips...Is is because the liteforex account locally registed from liteforexmas.com?????

Visit LiteForex website. 

Submit your review

To submit your own Forex Broker review for LiteForex fill the form below. Your review will be checked by a moderator and published on this page.

By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties. Make sure that you are entering a valid email address. A confirmation link will be sent to this email.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Attention! This is NOT a Broker's contact form. You CAN'T contact LiteForex via it. The form below can only be used to post a review of this Broker.

required
required (will not be published)
only first and last digit will be published
Image Code (5 characters)
CAPTCHA 


© 2005—2012 EarnForex.com. Design — Mart Studio.
What's Your Biggest Forex Profit? Poll.