LiteForex Journal

Journal status: live
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LiteForex Profile
Year
2008
Country
Cyprus
Branches
1
Regulation
CySEC Cyprus
Registration
CySEC Cyprus
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted in
Not serving
х Australia, Belgium , Canada, India, Israel, Japan, North Korea, Russia, SVG, US, Ukraine
Broker type
MM, STP, ECN marketing
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

LiteForex Accounts
MM
ECN
Minimum Deposit
50 $
50 $
Leverage
30 : 1
30 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
2 pips
0 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
100 lots
100 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
Unlimited
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller
Base currency
USD, EUR, GBP, PLN
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
after 2 months
Update broker

Is LiteForex safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: CySEC Cyprus
  • Registration: CySEC Cyprus
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is LiteForex trusted?

  • Information transparency: sufficient ★★★
  • Customer service: prompt, helpful ★★★★★
  • LiteForex website: highly detailed, updated ★★★★★
  • LiteForex popularity (by visitor count): average ★★★

How LiteForex works



Market execution of orders with no requotes
No Stop & Limit levels
Scalping and news trading allowed
No conflict of interests


Client – individual or juridical entity, registered in the Client's Profile, conducting conversion arbitrage operations with the Company at the quotes provided by the Company.

Arbitrage transaction – an operation which consists in buying assets on one market and at the same time selling its counterpart on another market. It locks the difference in the value of these assets on different markets. It’s evident that the portfolio value remains roughly the same regardless of the further market movements, as the counter transactions cover each other. Next, as soon as the change in the price difference turns in Client’s favor, the counter arbitrage transaction is conducted in order to fix the profit. A transaction consisting only in buying (selling) financial assets on one market without selling (buying) them on another market can also be regarded as an arbitrage transaction, provided that there is a considerable price gap between the quotes of these interconnected markets at the moment of opening or closing the transaction.

Market Execution – Type of order execution when the Company makes a decision concerning the execution price without preliminary agreement with the Client. Sending a market order in this mode implies accepting beforehand a price at which the order will be executed.

6.1. When conducting trading operations, “Market Execution” quoting mechanism is applied, regardless of the Client's account type.

6.4. The time of processing depends on the quality of terminal-server connection and the market state. Under normal market conditions, the processing of a client's order usually takes 3-5 seconds, in other market conditions the time of processing can amount to 5-15 seconds, as a rule.



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