LiteForex was founded in 2005. They were the first to offer the cent account type. Their achievements are numerous. They serve both beginner and advanced traders.
Webinars, a glossary, forex books, tutorials and trading indicators provide education for beginners
Forex forecasts and world news are delivered via the economic calendar. Materials for economic news are developed by professional analysts. This provides analysis.
The economic calendar provides forex forecasts and world news. Reviews and forecasts form the basis of technical and fundamental analysis. Claws & Horns (an independent agency) provide further analytical materials. Clients can also make use of the trader’s calculator as well as the Fibonacci calculator. This is a powerful tool to calculate price retracements, adjusting a forex strategy and (using technical analysis) to organize forex trading. Online quotes and charts help clients to stay up to date with the exchange rate of currencies. The most important economic and financial news of the financial markets and stock exchanges can be found under “Economic News.” All of these are research tools available to clients.
LiteForex has a promotion whereby they will pay back the payment system fees. The fees paid back this way will automatically be credit to a trader’s account.
Apart from the Pay Back promotion, LiteForex also have regular contests. Keep going back to their website (www.liteforex.com) for regular updates.
LteForex has 3 different accounts.
The Demo Account is a training account. Clients can practice their skills, refine their strategies and test expert advisors under real market conditions.
The Classic Account is a real money account for experienced traders. It has a floating spread that starts from 1,8 pips. There is no commission. The leverage can go up to 1:500. It requires a minimum deposit of $50 and the base currencies are USD, EUR, CHF, RUB and MBT. The minimum lot is 0,01 and the maximum is 100. An unlimited number of orders may be done and the margin call level is 100%. The Stop Out level is at 20%.
The ECN Account is for professional traders. It has a floating spread that starts at 0,0 pips. Commission rates start at $0,5 per lot and the leverage can go up to 1:500. The minimum deposit is $50 and the base currencies are USD, EUR, CHF, RUB and MBT. The minimum lpt is 0,01 and the maximum is 100. There is an unlimited number of orders that can be placed, the margin call level 100% and the Stop Out level is 20%.
Deposit and Withdrawal Options
Deposits can be made via credit card, LiteForex card, Skrill, Neteller, Carte Bleue, Dankort, PostePay, Qiwi, China Union Bank and bank transfers.
Withdrawals can be made via the same methods.
LiteForex uses the popular MT4 platform as well as the high tech MT5 platform. MT4 is also available as PDA, iPhone and iPad mobile downloads.
AutoWithdrawal allows clients to withdraw up to $100 ($2 000 for clients from Kenya and Tanzania) per day, instantly and through various popular payment systems. This service can be used twice in a 24 cycle. Clients whose profiles are not fully verified can make use of this service only once in a 24 hour period with a maximum of $50 withdrawal. AutoWithdrawals can only be used if no other withdrawal requests aren’t being processed.
The Forex VPS Service allows clients to continue trading even when their devices are off. This service is based on the Microsoft Hyper-V virtualization technique. It uses 64 bit hypervisor that is isolated from the main operating system.
LiteForex offers social trading. Read the review here.
Lite Forex offers currency pairs, precious metals, oil, indices, cfd’s and cryptocurrencies.
The Revenue Share programme provides a stable income. Affiliates earn commission on every trade of their referrals. Commission can go up to $15 per trade as well as a further 10% of of sub-affiliates profits. This programme offers a high profitability, stable income. It is a multi-level system.
The CPS programme offers the biggest remuneration an affiliate can get. A referral needs needs to open an account, make $100 deposit and trade at least 50 times for an affiliate to qualify for the CPS programme. If those conditions are met, the affiliate’s account is automatically with $50. If the referral then also becomes an affiliate, the original affiliate will receive an additional 10% of the referral’s commission. The CPS programme is also a multi-level system.
Partners that want to represent LiteForex in their regions can apply to become a Regional Representative. They can then manage their own offices. Regional Representatives earn up to $15 per trade from referrals, 10% from sub-affiliates and earn additional payments. These payments are discussed individually with the partner.
Referrals can be gained through websites, forums, blogs, video and audio hosting and social media.
LiteForex offers affiliates a wide range of tools to gain referrals. Affiliates can also make use of the partner’s calculator to forecast commissions. Furthermore, affiliates referrals are also assigned personal managers. Support for the affiliate is available through live chat, Yahoo Messenger, call back, ICQ and email.
LiteForex also offers regular partner contests.
Click on a banner to become an affiliate/partner.
LiteForex has a reputation of being a reliable company. They provide clients with technologically advanced services, excellent trading conditions, low spreads and high speed of executions.
Click here to open an account.
Forex trading carries a risk of capital loss.