Opinions and information about the forex broker LiteForex
¿It is the broker LiteForex (also known as liteforex.es and liteforex.eu) really reliable? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The LiteForex broker is a broker of: CFDs, Cryptocurrencies and Forex.
The broker mentions to be part of: LiteForex Investments Limited and Liteforex (Europe) Limited.
LiteForex is based in: they mention the Marshall Islands and Cyprus, depending on the client's location.
If we talk about regulation, LiteForex is: LiteForex is regulated in Cyprus and the Marshall Islands, depending on the location of the client.
They have, as far as we are aware, three websites:
When analyzing the different types of accounts that the broker offers, we note that there are 3 different account types.
The first option is the CENT account, this is the most "basic" account and recommended for traders who are just starting out. The minimum deposit in this case is $ 10, the leverage is 1: 1000, and it also has a 30% deposit bonus.
The CLASSIC account follows, the characteristics of this account are, $ 50 minimum deposit, 1: 500 leverage and also a 30% deposit bonus, at, and a floating spread of 1.8 pips.
The third type of account is the ECN account, in this case the minimum deposit is also $ 50, although in this case the leverage is 1: 400. The biggest difference between this type of account and the previous ones is that it is operated with ECN, which is Electronic Communications Network, where when carrying out purchase - sale transactions, there is no intervention of the broker as a counterpart, in this type of account the trader is protected against non-commercial risks.
One point in favor of this broker is the resources it offers on its website. We see that it has a section in the menu, "Trader Tools". Here we can find the usual tools such as economic calendar, calculator for traders. We can also find tools such as glossaries, trading strategies, and webinars, in this aspect the broker is quite complete.
LiteForex broker features
Additional information about the company
Phone number: Argentina: 0800-333-1705, Spain: 900-838595, Peru: 0800-54745, Mexico: 01-800-681-1849, Chile: 1230-020-7774, Colombia: 01800-518-2918 9 AM - 9 PM (GMT +2) (Monday to Friday)
Clarification: Note that LiteForex works in different countries, so the information provided may not apply to your country.
* Bonuses or promotions: 1) Bonus of 200% for each deposit greater than $ 100 2) Refund of commissions charged when depositing with bank cards 3) Return of up to 35% of the spread 4) Plus 30%, for each deposit that is greater than $ 100, and that has been made within 24 hours after opening the account, you will get a 30% bonus. 5) Contest for partners 6) Contest for demo accounts
With the information we have so far, the comments, opinions and reviews of users and traders, our opinion is an unreliable broker. We have found many comments from people and clients complaining, especially in Latin American countries.
Do you know this broker? Have you operated with him? Do you think our opinion is not correct? Leave a comment with your experience.
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