Broker NameLite Forex
Broker TypeForex
CountryMarshall Island
Operating Since2005
RegulationMarshall Island's Business Corporation Act
AddressAjeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
Broker StatusRegulated
CS Phone8800 707 2963
LanguagesEnglish, Russian, Malaysian, French, Spanish, Portugese, Vietnamese, Indonesian, Thai, Chinese, Arabic
Trading PlatformsMetatrader4, Metatrader5
Trading Platform TimezoneN/A
Demo AccountYes
Mobile TradingYes
Web based tradingYes
Other Trading InstrumentCryptocurrency, Blue Chips, Precious Metals
Minimum Deposit$50
Maximal Leverage1 is to 500
Spread Variable0.2 pips
Scalping AllowedNo
LiteForex Broker Reviews
With over 13 years in the playing field, you could never go wrong with LiteForex. This broker packs various bragging rights from technological advancements to superb trading conditions.

Just take a look at the awards this broker received since it touched down on the brokering industry in 2005:
• Best Broker in Africa, Asia, Latin America
• Fastest-growing broker in Western Europe and Asia
• Included in the “100 World Finance” worldwide list for the top brokers

Now that’s a lot of decorations and achievements. But what really makes this broker excellent is their apparent dedication for advancement and customer care. It provides 2 MetaTrader platforms and social trading.

Let’s take a closer look at these two outstanding features.

LiteForex Notable Feature/s: MT5 and Social Trading

The MetaTrader4 platform is the go-to platform of most forex traders. That’s simply because it was built for this purpose. However, LiteForex knows that sooner or later traders will seek alternatives. Good thing there’s the MetaTrader5 platform.

The MetaTrader5 platform sports tons of tools, charts, and features. In a nutshell, MT4 is for forex trading, while MT5 is for other markets. Not many brokers offer this, but it’s a huge plus for them if they do. So LiteForex has a very obvious advantage here.

This broker also never misses a trick. It’s among the first brokerages to offer social trading. With social trading, you can copy the best trades you find on the platform. Or you can opt to trade independently, share information, and communicate with other traders.

For beginners who are just testing the waters, social trading is a helpful tool to learn important trading lessons before taking the plunge. It’s where they can interact with professional traders and learn the ropes quickly.

What do we think?

With the advent of more advanced technologies, platforms, and strategies, we think it’s reasonable to stick to a broker that’s always in the loop and up for the latest advancements in the trading world. LiteForex has all those qualities.

Aside from the MT4 and MT5 platforms, it also offers automated trading and expert advisor. These let you automate your trades without having to intervene very often. You can instead focus of planning your game plan and next moves.

You can use the MT5 to trade independently or you can use social trading and automate your positions. Whichever you choose, you got tools at your disposal. Overall, we think you would never run out of choices with LiteForex.
It's a broker that always has your back every step of the way.
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  1. Willie Robertson December 13, 2018
  2. Shamar Christian December 13, 2018

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