LiteForex brokerage project is running under control of the company Straighthold Investment Group Inc., which is registered on Seychelles (off shore zone). The major business direction of Liteforex is placing of financial assets at Forex, precious metals, futures and fund markets.

LiteForex is good for newbies as everyone is welcome to start real Forex and CFD trading from as low as 1USD. In such case trader's deposit determinates in US cents on so called Lite account. On the other hand there is nothing revolutionary about such lite accounts in cents because many popular brokers offer Cent Accounts nowadays but still LiteForex were among first who found such principle.

The real advantages worth mentioning are depositing and operating with СHF and unique flexible bonus program. CHF as account basic currency is good for big traders and investors as this currency is acknowledged the most stable in the mad financial world.

Shortly speaking, LiteForex is a well-organised forex brokerage project but its reputation is still questioned by the vast mjority of mediocre traders. Thus we cannot add it to our Recommended Forex Brokers list.

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Broker Full Name: LiteForex Group of Companies, Inc.
Broker Type:
Year of foundation: 2005
Country of origin: Cyprus, USA
Head Office: 306 Victoria House, Mahe, Seychelles
Accept USA Customers:
Licence: s registered in the United States Patent and Trademark Office under a serial number 78863863 and a registration number 3255556
Platform: Meta Trader
Languages: English, Spanish, Chinese, Malay, Greek, German, Portugese, Russian, French, Turkish
Payment methods: Credit Card, Wire Transfer, LiteForex Card, Webmoney, Liberty Reserve, MoneyBookers, OKPAY, Perfect Money, AlertPay, LiqPay
Mini account: 1
Standard account: 100
Minimum lot size: 0.01
Leverage: upto 1:1000
Spreads: Fixed, from 3 pips; Floating, from 0,1 pip
Commissions: no
Demo account: 10000
24 hour trading: N/A
24 hour support:
Free phone: USA/Canada Toll-free Tip Line:1-888-746-5619; 1-800-815-303; Rus
Free education:
Trust management:
Mobile Forex: N/A
1st deposit bonus: 30% / 15% (occasionaly) and other bonuses
Forex contests, competitions: various including Demo contests
Interest charges on the balance: no
Partnership programs:
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