Review Is LiteForex Legit Or A Scam Broker

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The material published on this page is produced by the Claws&Horns Company jointly with LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure.

The website is owned by Liteforex group of companies.

LiteForex Investments Limited registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act. The Company’s address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Email: [email protected]

Liteforex Investments Limited does not provide service to residents of the EEA countries, USA, Israel, and Japan. Review: Is LiteForex Legit Or A Scam Broker?

LiteForex Review: this is the name of a Forex broker that is located in an offshore location. Is a legit broker or a scam?

The Forex broker claims to offer the largest, most liquid market for trading. Educational materials and demo contests are offered for beginners. Tutorials for learning and improving trading strategies are also made available.

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LiteForex has been trading as far back as 2005 and the trading platforms it offers are encouraging. Its address is:

Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands.

It boasts of a large collection of trading instruments in its trading portfolio which we find impressive. Regional offices are in about 7 countries but it is prohibited in quite a number of places including the US and UK.

Trading Platform of LiteForex

It is mentioned that LiteForex trading software is operated on a MetaTrader platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders includes: 50+ currency pairs, 50+ CFDs on commodities like Gold, silver, stocks, indexes, oil, and 20+ cryptocurrencies.

Maximum leverages offered to traders can reach 1:1000 and the spreads are different from account to account but 3 pips is found for the Cent account.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal Methods on LiteForex

Methods of making payments and withdrawals are available via: Bank Wire, Visa, MasterCard, Bitcoin, Bitcoin Cash, Local Bank Transfer, Neteller, Yandex Money, Qiwi, Skrill, SticPay, and PerfectMoney. It is encouraging to find this.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $50 is required for starting trade with this broker. Withdrawal fees and charges are not stated for the broker.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is LiteForex Licensed?

Although the broker is in the offshore location of Marshall Islands, the company that owns it is registered and licensed by the CySEC. It is still important that traders know about the offshore base and its risks.

Offshore brokers are not under regulatory bodies. However, issues with this broker has been seen to be quickly rectified as we found on the FPA website.


To contact the customer care representative of this broker, traders can email: [email protected] or dial: +88007072963


The trading conditions look good except for the high spreads discovered on the minimum requirement account. LiteForex offshore location is another point worth considering but the image of the parent company may give some level of assurance. It has a good trading portfolio for clients to choose their preferred trading assets.



Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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