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Overview

LiteForex was founded in 2005. Its main purpose was to provide brokerage services to ordinary people, that is why cent accounts were offered, which could be opened by anyone, who tries his luck on the Forex market.

During its period of operation, the broker has been honored with numerous awards, including "The Best Broker in Africa", "The Most Stable Broker in Asia", "The Best Affiliate Program-2011" and many others.

Nowadays LiteForex has representative offices in many countries all over the world and provides favorable conditions for trading on the foreign exchange market, as well as on stock and commodity exchanges.

Users can pass online training on the site of the broker both free of charge - the basics of currency trading, and for a fee - profound study of trading strategies and creation of their own.

LiteForex also holds a lot of competitions and promotions, making possible to receive free Forex bonus.

Bonuses

LiteForex holds a variety of promotions and contests, participating in which customers of the broker can get attractive Forex bonuses.

The promotion Welcome is available for all customers of the broker and it allows users to get Forex bonus of 40% for each account's funding. The trader should open a new account to receive the Forex bonus by selecting a status Next level. When crediting the account in the account at least $100 a bonus that is 40% of the paid sum will be accrued to the customer. Bonus funds are only available for trading on the Forex market, but they can not be withdrawn from the account or transferred to another trading account.

The promotion Support is organized for all Forex traders of the broker, allowing them to make profit from trading on the Forex market faster. The customer of LiteForex should open an account with the status Next level to take part in the promotion and then select one of the offers of the broker: to get Forex bonus for making a deposit of 15% or an increase in the leverage of 50%. If you select the Forex bonus, it will be summarized with the bonus of Welcome promotion and also it will be provided only for trading of currency pairs, but not for withdrawal.

The promotion Skills is held for traders, who have seriously decided to work on the foreign exchange Forex market, and to become managers in the future. Every three months, the broker studies a six-month statistics of all Forex traders, who trades on its site, and the five best of them receive the PAMM-account with $500 from the broker and advertising support. Immediately thereafter, traders can begin to manage the PAMM-account and showing good results they will be able to find investors using advertisement, created by LiteForex. This promotion allows the successful Forex traders to increase ten times their earnings on the foreign exchange market due to investors' funds.

The promotion Loyalty is designed for regular customers of LiteForex. Customers, who use the broker more than a year, receive the next year the 5% Forex bonus for every account funding.

The promotion Choice is organized for new customers of LiteForex, who have decided to change the broker. All new customers, who sign up for LiteForex, and transfer funds from the account of another broker, will be awarded by the Forex bonus of 10%. This bonus is summarized with the Forex bonus Welcome that at the end will give 50%.

Broker holds for its customers several competitions on demo accounts with good cash prizes.

Contests:

- Top-10 Forex - the $2,500 prize pool is shared among the participants, who have shown the greatest profit for the time of the contest

- Index Master -the prize pool of $1,500 is shared among traders, who have shown the best results for index trading.

- LF Fighting - the prize pool of $1,500 is shared among Forex traders, who have shown the greatest profit for the time of the contest.

Training

LiteForex offers all users to pass to trade the Forex market on the basis of numerous materials, as well as fee-based courses at the High School of System Trading.

The guides to the foreign exchange Forex market:

- introduction (What Forex is margin trading, the main advantages of Forex, currency pairs, lots and trading transactions, types of orders)

- technical analysis (spread and prices, trends, flats, trading sessions, graphical analysis, Forex trading indicators)

- fundamental analysis (the main news and indicators that affect the rise and fall of currency prices)

- capital management and risk management (basic rules of capital management, risk analysis on the basis of the most important indices)

- creation of your own trading strategy (aim, determination of parameters, testing, improvement).

Fee-based online training:

- course "1 foe beginners -the fee is $100, the duration of training is 5 days (after training the Forex bonus is accrued to a special account that can be used to trade on the foreign exchange market, it can not be withdrawn, but the profit derived from it is available for customers without restrictions)

- course "2 for traders - the fee is $300, the duration of training is 5 days (after training the customer receives to the special account the Forex bonus of $150 that is available for trading on the market, but can not be withdrawn)

- course "3 for professional traders - the fee is $500, the duration of training is 2 days (if the customer passes successfully training, he receives the Forex bonus of $250 and can use it to trade currency pairs, but can not withdraw it).

On the site of the broker there is a glossary in which all Forex terms are described and there are many articles about the foreign exchange market, the use of Forex indicators, and the development of customers' own Forex trading strategies and the review of the popular Forex advisors.

Terms of trading

Broker LiteForex offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- no minimum deposit

- the leverage is 1:500 (the decrease to 1:200 is possible on several accounts)

- a large number of currency pairs, securities, gold, silver, futures)

- spread is fixed from 2 points (the floating one is from 0.4 points)

MetaTrader 4

- multi-language support

- Instant Execution order

- MetaQuotes Language 4 (operations with Forex trading advisors)

- quotes export via DDE

- charts printing

MetaTrader 5

- multi-language support

- Instant Execution order

- MetaQuotes Language 5 (operations with complicated and profitable Forex trading advisors)

- quotes export via DDE

- high productivity due to support of several components-servers

- charts printing.

Forex indicators (recommended)

- Moving Average

- VininI LRMA color

- Silver trend Signal

- Day Implus

- Ind TD DeMark.

Forex expert advisors (recommended)

- RelativeR2 (a Forex trading advisor that is based on the Stochastic indicator, which allows it to give a good return on all currency pairs and it has proven itself to be very effective on a pair of GBP/USD)

- Forex Wallstreet EA (a popular automatic Forex advisor, giving good results while trading on the foreign exchange market at short-term distances, especially in the time frame M15)

- Gepard 5.0 (an automatic Forex advisor that has a large number of settings, so it can be used both at long-term and short-term distances).

Investments

LiteForex allows all its customers to invest funds in successful Forex traders using the PAMM-accounts. An investor can choose one or more Forex traders, to whom he is willing to give finances in a management for a certain percentage. The advantage of PAMM-accounts for investors is a withdrawal at any time, complete monitoring and protection of funds from strangers.

Unique features

LiteForex allows customers to earn without any risk on the Forex market using an affiliate program that has numerous directions.

Directions of the affiliate program:

- Internet partner (attraction of new customers through the Internet by advertisement)

- Regional Representative (opening of the Representative Offices in the region)

- PAMM-partner (attraction of investors to the site of the broker)

- White Label (designed for legal persons, who are willing to provide brokerage services to their internet sites).

The partner's profit depends on the selected direction and his activity. Many partners of LiteForex now earn thousands of dollars per month from the interest of attracted customers.

Add/withdraw funds

LiteForex offers the following methods of deposit and withdrawal of funds: VISA, Maestro, MasterCard, Diners Club International, Delta, Electron, American Express, JCB, QIWI, LiqPAY, OKPAY, Liberty Reserve, WebMoney, Perfect Money, Yandex.Money, Skrill, TeleMoney and bank transfers.

Contacts

LiteForex provides the comprehensive support via online chat, ICQ for cent accounts 492-029-336, ICQ 352-445-159 for dollar accounts, e-mail address [email protected] and phone number 8-800-100-94-26.

Cons and pros

+ the world renowned broker

+ no minimum deposit

+ small spread

+ good leverage

+ online training

+ many promotions and contests

+ extended online training.

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