LiteForex Review



What is LiteForex?
LiteForex is a Forex and CFD broker operating since 2008 that provides both Social trading and ECN trading environments through leading-edge technologies based on MT4 and MT5 platforms while maintaining a low-cost structure. This technology currently is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips allowing you to benefit from it.To get more news about liteforex review, you can visit wikifx.com official website.

LiteForex established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations.
Though, being a regulated broker, earlier LiteForex had some complaints and issues with traders claiming LiteForex had non-transparent conditions which was the reason why there were some concerns about LiteForex’s trustworthiness.
Yet, now we see that broker clears its record as more brokers sign for its service. Also, regulatory overseeing from the European CySEC regulation gives extra layers of protection; however, we recommend doing your research on LiteForex Review as well to see whether it is a suitable broker for your need
Overall, LiteForex has great trading conditions with various trading instruments, useful research, and popular platforms. Its decade-long operation has given LiteForex a great step in having the right experience in the market.

LiteForex Pros and Cons
We find LiteForex a good broker with a long history of operation providing good trading technology and an ECN environment backed up with sophisticated technology with low deposit requirements and social trading. Spreads offered by LiteForex are tight and good for the forex industry. We also marked that the broker provides low-cost fees also extensive trader education and financial information resources.

For the negative points, spreads are high for stock trading, international trading is done through an offshore entity in St. Vincent and the Grenadines and there are negative experiences from some traders. The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all.
Overall, our experts find LiteForex a reliable broker with good regulation and safe trading conditions suitable for both beginners and experienced traders. One of the best advantages it has is its lowest spreads starting at 0.0 pips through industry-leading MT4 and MT5. The only disadvantage is the negative experience with some traders who complained about LiteForex being non-transparent in terms of conditions

However, we couldn’t neglect the broker’s negative sides. The broker has quite a narrow market range limited to Forex and CFDs and it doesn’t offer cryptocurrency trading. Also, conditions for international traders vary from the ones of the EU. Although LiteForex provides the lowest trading spreads with no commission and is generally considered good, we recommend you have a look at some alternative brokers:

Since LiteForex strives to improve traders’ experience by providing transparent conditions attractive to both beginners and experts with the lowest spreads and fees, it has been recognized multiple times with good reviews and numerous awards. We also noticed the broker’s efforts to offer the best possible conditions and ensure trading safety with good regulations.

Is LiteForex safe or a scam?
No, LiteForex is not a scam, the broker is highly regulated and authorized by a top-tier regulatory body ensuring trading safety. We marked that the broker took all the necessary steps to improve the trading experience and provide transparent conditions after traders’ complaints.

Is LiteForex regulated?
Yes, LiteForex is a registered broker in Cyprus regulated by the local financial regulator Cyprus Securities and Exchange Commission (CySEC). Based on our research, through its regulatory compliance, the broker offers negative balance protection as well as a compensation scheme of up to €20,000 in case of traders’ insolvency.

In addition to that, the broker also holds St. Vincent and the Grenadines which is an offshore entity and we do not recommend trading under offshore entities due to the low requirements and risks. However, the broker has proven its reliability throughout these years and can be trusted.
See our conclusion on LiteForex Reliability:

Our Ranked LiteForex Trust Score is 7.9 out of 10 for good regulation and a decade-long operation. However, on its weak points, the broker doesn’t hold any other top-tier license apart from CySEC and international trading is conducted through an offshore entity.