LiteForex Journal

Journal status: live
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LiteForex Profile
Year
2005
Country
Marshall Islands
Branches
2
Regulation
CySEC Cyprus
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF)
Publicly traded
no
Restricted countries
Not serving
х Israel, Japan, US
Broker type
MM, DMA, ECN marketing
Dealing book
A+B hybrid book
Tier
3
Execution speed
...
LPs total
...
LPs quality
Tier-1 Banks
LPs names
...

LiteForex Accounts
MM
ECN
Minimum Deposit
50 $
50 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1.8 pips
0 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
100 lots
100 lots
Margin Call
100 %
100 %
Stop Out
20 %
20 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
Unlimited
Update broker

Is LiteForex safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF)
  • Regulation: 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): top visited ★★★★★

How LiteForex works

Market execution of orders with no requotes

No Stop & Limit levels

Scalping and news trading allowed

Trades are delivered directly to liquidity providers

Negative Balance Protection

https://www.liteforex.com/trading/account-types/ecn/

An electronic communication network (ECN) implies that every Forex participant’s order will be matched to a contra-side order with the ECN-broker or with its contactors – liquidity traders whose role is played by big international banks - without any participation of a dealing center. LiteForex, a company with high liquidity, offers these technologies in ECN accounts and thus affords its clients transparent market conditions, under which orders are executed at the best market price with no delays, slippage or re-quotes.

An electronic communication network (ECN) has a number of undisputable advantages:

Trades are sent directly to liquidity providers

No broker's intervention

Instant execution

No requotes

No conflict of interests

No limits on trading strategies

https://www.liteforex.com/company/advantages/

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.

https://www.liteforex.com/uploads/documents/pdf/client-agreement-en.pdf

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