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Warning: In Tanzania, clients of LiteForex will be using its service registered in the Marshall Islands – which does not have a regulatory authority and offers no protection to traders.
LiteForex is a CySEC regulated broker, offering both Standard and ECN Accounts on the MT4 and MT5 platforms. Forex traders can take advantage of LiteForex’ copytrading system – though this unavailable on other offered CFDs, including metals, indices and 9 cryptocurrency pairs.
Education is well-structured and detailed and both fundamental and technical analysis across a range of currency pairs is offered daily. Trading conditions are relatively poor, with variable spreads starting at 2 pips on the Classic Account and a 10 USD commission on major pairs on the ECN Account – though spreads can get down to 0 pips.
🏦 Min. Deposit | USD 50 |
🛡️ Regulated By | CySEC, FSA-St-Vincent |
💵 Trading Cost | USD 19 |
⚖️ Max. Leverage | 500:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5 |
💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices |
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
Find out how LiteForex stacks up against other brokers.