Home -
LiteForex -

Score

4.99 /10
Average

LiteForex

Cyprus

15-20 years

Regulated in Cyprus

Straight Through Processing (STP)

MT4 Full License

High potential risk

https://www.liteforex.eu

Benchmark

B

Influence

B

Add brokers

Comparison

Quantity 100

Exposure

Open Account
Website

Score

Regulatory Index5.50

Business Index8.81

Risk Management Index0.00

Software Index9.96

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
LiteForex
InstaForex
Octa
Globalanalytics
Admiral Markets
IB
Alpari
RoboForex
AccuIndex
FXBILLIONS
BLI Securities
ORBI TRADE
Eternity Global FX
CXM
MeeFX
Olive Markets
Fxcess
GreenWaveX
TIO Markets
GANN
FxPro
IDS International
MRG LTD

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
LiteForex
Proton Markets
RCPro
Alfa Success Corp
Kridex
Valutrades
FXB
ICE FX
Big Boss
Whittworth Investing
IFX Brokers
Aximtrade
FirewoodFX
Xtream Markets
InstaForex
WSM FX
HXFX Global
CDO Markets
TopForex
LMFX
OBOFX
AAA Trade
MYFX Markets
AMA Forex
FUHUI FX LIMITED
World Forex
Tradesto

Danger

MY SCM
2022-01-01
INVESTOR ALERT LIST
LiteForex

Broker Information

More

Company Name

Liteforex (Europe) LTD

Company Abbreviation

LiteForex

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-04-07
  • The number of the complaints received by WikiFX have reached 85 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

LiteForex

Cyprus

WikiFX Verification

LiteForex · Benchmark
Average transaction speed(ms)
731.3 Poor
The highest transaction speed(ms)
203
The highest speed of opening positions(ms)
203
The highest speed of closing position(ms)
204 Good
The lowest speed of opening positions(ms)
1985 Poor
The lowest speed of closing position(ms)
1996 Poor
Ranking： 94 / 125
Test user 1,134
Transactions 22,456
Ocuppied margin $5,855,594 USD
Data Source WikiFX Data provide
Updated: 2025-04-04 01:04:00

Exposure

100 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

It slid and moved without any news, either closing or opening

Gab without news, opening or closing

2024-04-03 11:52
Scam

IB burns customer accounts with excessive orders

It is recommended to avoid this platform as it may burn copied accounts and entice customers to deposit more to hold positions.

2024-12-19 10:15
Resolved

Lite exchange is a fire island exchange

Lite Exchange is a scam exchange that offers customers a bonus when their trades are burned. When customers deposit money for the second time, the exchange automatically deducts the previously burned bonus. Therefore, please consider carefully before trading on this platform. Please refer to the image below to understand. I'm not lying.

2025-02-12 12:36
Resolved

Lite exchanges and those

The Lite exchange and related individuals are scamming customers and investors, so we should boycott them. I have traded on this platform and they deceived me with a bonus. Specifically, when I first deposited 5k, I received a 30% bonus. However, my trades resulted in losses and negative bonus. I created a sub MT4 account and deposited 2k, but they deducted 1406$ from it. When I complained, they accused me of cheating and blamed it on using 3 accounts on 1 device. Even if it was 30 accounts, it wouldn't matter because I introduced new customers to them. I used my own familiar device, while their application interface is different from yours.

2024-10-28 10:10
Resolved

SCAM - ASSET SEIZURE

SEVERE ASSET APPROPRIATION SOS HELP ME

2025-03-25 00:43
Resolved

I have filed a complaint against the exchange.

I have complained to the exchange but the exchange is unreasonable and still automatically deducts money from my account thix2588@gmail.com.

2024-10-21 17:02
Others

Investors should stay away

Investors should stay away from this exchange and boycott it, it is extremely malicious. tkmtt4 030517 deposited 5k bonus30%, my trades burned and the bonus became negative. I created another account tkmt4 031868 and deposited to recover the trades, but before I could trade, it deducted the negative bonus from my other account. I find it unreasonable, when I complained, they accused me of cheating and deducted it anyway. I have evidence to show how malicious it is.

2024-10-23 13:49
Severe Slippage

So I asked the exchange to compensate me for the loss.

Content: My name is and I have an account on the gmail platform with Mt5 number 469361. Order ID: #95800792 slipped 10 pips when buying at 2363.31 with a stop loss at 2363, but it only hit the stop loss at 2353.10. Meanwhile, the sell order at 2362.05 with ID #95775312 hit the take profit at 2360 at the same time. Why didn't the take profit slip 10 pips and close the position at 2354.5 while the stop loss slipped 10 pips? The fact that the take-profit and stop-loss occurred within the same timeframe indicates that the platform intentionally caused losses for investors. Therefore, I request that the platform compensate me for the incurred losses.

2024-07-18 12:13
Unable to Withdraw

SCAM - ASSET APPROPRIATION I WILL SUE TO THE END

I have invested nearly 600 trillion and cannot withdraw any money, now I am in debt everywhere

2025-04-04 21:05
Others

Lite exchange does not refund money

The Lite exchange does not refund my money, so occasionally I expose it to let all traders know that Lite is unreliable and deceives investors. The content is as shown in the MT4 image below.

2025-01-21 17:42
Scam

Must buy shares 3 days in advance to receive dividends

Yes, it's really a joke. The situation is that I just bought Porsche shares, the stock code is #PAH3 on June 10 on the Lite exchange, this code pays dividends on June 12. But on the evening of June 12, when I did not receive dividends, I reported to Floor Exchange and Floor Exchange said: Must buy shares before June 9 to receive dividends and this is the floor's regulations. Can you please tell me if there is any floor that requires something like that? But I trade on 2 exchanges but 1 exchange gets the answer and the other says it's not due to the exchange's regulations, which makes me feel strange :)))

2024-06-13 17:21
Resolved

Investors should avoid

I trade like this and they accuse me of cheating or holding the string, whatever they want to say. I deposited 5k and got a 30% bonus, which is 1.5k. When I had a losing trade, the bonus was deducted from my MT4 account 030517. A few days later, I created another MT4 account 031868 and deposited 2k, still getting a 20% bonus, which is 400$. I hadn't even traded for about 2 hours when the broker took back the bonus and deducted 1400$ from my account. When I called the support staff, they said the broker reported it as cheating, so the broker demanded to take back the negative bonus from the burned account. Knowing that the broker would do this, no sane person would deposit money for the broker to deduct like that. I have screenshots of the trades for you to see how they handled it, is it right or not.

2024-10-22 12:56
Scam

Reset negative account balance, still deduct money when reloading

The negative account balance has been reset, when recharging, the trading platform will still automatically deduct the money.

2024-10-03 21:02
Others

Fraud in Copy Trading

The master account that I copied for profit. But my account is actually minus 80%. I emailed and received an automated response. Be careful, this broker is starting to scam. I made a new CT transaction for only 2 days. It's already minus 80%.

2024-10-16 09:35
Others

Where are you from so avoid

Where are you from so avoid this floor because they are not reputable, I have been deducted an unreasonable bonus, I think you should boycott them and find a reputable group to invest in, guys. I was tricked by them as follows: I created an account for the first time, deposited 5k, bonus 30% = 1.5k, I lost the transaction, my account was burned and the bonus was negative. The next day I created a sub-account and deposited 2k, then suddenly the group deducted the bonus that had been burned from the previous account according to the floors. If it was burned, then I would not ask for it back, but this lite floor played dirty with customers.

2024-11-22 21:14
Scam

LiteFinance brokerage scams in copytrade

I am Tran Hien. I registered an account with gmail tranhien0610@gmail.com, I was introduced by an IB through Facebook (we met in person for coffee, meals, and there are video and photo evidence) to guide me in registration and depositing over 9000 USD to follow the copytrade of that broker. When my assets reached over 11000 USD, this broker deliberately placed large orders against the market to burn my entire account. After that, the IB blocked all contact with me. I reported to the police in Hung Yen city but have not received any resolution. I messaged the exchange for support, but they refused to take responsibility because the IB is a partner of the exchange and not related to the exchange. I have saved the photo evidence. Thank you very much! ps: Everyone should stay away from this exchange, as they engage in fraudulent activities and shirk responsibility. They do not support customers. Currently, this IB still regularly posts on Facebook to continue their fraudulent activities.

2024-11-18 20:13
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-04-07
    LiteForex · Company summary
    LiteForex Review Summary
    Founded 2004
    Registered CountryCyprus
    RegulatedCYSEC
    Trading InstrumentsCurrency, commodities, global stock indices
    Demo Account✅
    LeverageUp to 1:30
    EUR/USD SpreadFloating around 0.6 pips
    Trading PlatformMT4, MT5
    Copy Trading✅
    Min Account Deposit$50
    Customer SupportWorking hours: 9 a.m. - 9 p.m.(GMT +2) (Monday to Friday)
    Live chat
    Phone: +357-25-750-555
    Email: support@liteforex.eu
    Address: Liteforex (Europe) Ltd, 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus

    LiteForex Information

    LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, and global stock indices markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides demo accounts and rich educational resources for beginners. The company allows clients to deposit and withdraw funds via popular electronic transfers, bank cards, and bank wire transfers with a minimum amount of 1 USD and no extra fees.

    LiteForex's homepage

    Pros & Cons

    ProsCons
    Many years' experience in the industryLimited leverage ratios
    Regulated by CySECNo 24/7 customer support
    Member of the Investor Compensation Fund
    Various trading instruments
    Demo accounts available
    Tight EUR/USD spread
    MT4 and MT5 supported
    Copy trading offered
    Low minimum deposit
    Popular payment options
    No deposit/withdrawal fees
    Rich educational resources for beginners
    Multiple contact channels

    Is LiteForex Legit?

    Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).

    Regulatory AgencyCyprus Securities and Exchange Commission (CySEC)
    Current StatusRegulated
    Regulated byCyprus
    Licensed InstitutionLiteforex (Europe) Ltd
    Licensed TypeStraight Through Processing (STP)
    Licensed Number093/08
    Regulated by CySEC

    Besides, the broker says that it is a member of the Investor Compensation Fund, which enables them to guarantee that all of their client funds are insured (up to 20,000 EUR).

    Safety of funds guarantee

    Market Instruments

    Tradable Instruments Supported
    Forex ✔
    Commodities✔
    Stock Indices✔
    Cryptocurrency❌
    Bonds❌
    Options❌
    ETFs❌
    Market Instruments

    Account Type

    LiteForex offers a demo account for beginners to practice trading without risking real money.

    For live accounts, the company provides two options: ECN and Classic.

    Account TypeMinimum DepositAccount Base Currency
    ECN$50USD, EUR, GBP, PLN
    Classic$50USD, EUR, GBP, PLN
    Account comparison

    Leverage

    LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spread & Commission

    Account TypeSpreadCommission
    ECNFloating from 0.0 points✔
    ClassicFloating from 2.0 points❌
    Spreads
    Currency PairSpread (Floating)
    EUR/USD0.6 pips
    GBP/USD1.0 pips
    AUD/USD1.0 pips
    USD/JPY1.0 pips
    EUR/JPY0.2 pips
    Spreads

    Trading Platform

    LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. You can download Apps for Android and iOS.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Windows PC, MacOS, iPhone/iPad, AndroiBeginners
    MT5✔Windows PC, MacOSExperienced traders
    MT4
    MT5

    Deposit & Withdrawal

    Payment OptionsMin DepositCommission/FeeDeposit TimeWithdrawal Time
    Visa/MasterCard$10❌Instant3-5 days
    Bank wire transfers$10❌2-5 days2-5 days
    Neteller/Skrill$1❌InstantInstant
    Bank cards
    Bank wire transfer
    E-transfers

    News

    NewsLiteForex Celebrates Its 20th Anniversary with a $1,000,000 Challenge

    The brokerage firm LiteForex has launched a trading contest with a massive prize pool exceeding $1,000,000. Running from January 1 to December 31, 2025.

    WikiFX
    2025-01-14 15:17
    LiteForex Celebrates Its 20th Anniversary with a $1,000,000 Challenge

    NewsLiteForex Review!! Read First, Invest Later

    Liteforex is the trading name Liteforex (Europe) Limited which is registered with the address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005.

    WikiFX
    2024-12-11 15:53
    LiteForex Review!! Read First, Invest Later

    NewsUnlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

    Boost your trading in the Philippines with LiteFinance’s 100% bonus offer! Increase your deposit and trade with more capital. Claim your bonus now!

    WikiFX
    2024-08-12 16:49
    Unlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

    NewsLiteFinance Welcomes 2024 with Big Wins & Better Trading

    LiteFinance welcomed 2024 with New Year's promotions and enhanced trading conditions. Customers had the chance to win big with raffles and enjoyed lower fees for a profitable trading journey.

    WikiFX
    2024-02-07 14:22
    LiteFinance Welcomes 2024 with Big Wins & Better Trading
    About More

    User Reviews

    More

    User comment

    27

    Comments

    Write a review

    Huynh Tam
    3-6months
    TÔI ĐÃ BAY GẦN 600Tr đầu tư và không rút được đồng nào , giờ tôi mắc nợ khắp nơi
    TÔI ĐÃ BAY GẦN 600Tr đầu tư và không rút được đồng nào , giờ tôi mắc nợ khắp nơi
    Translate to English
    2025-04-04 21:05
    Reply
    0
    0
    Huynh Tam
    3-6months
    CHIẾM ĐOẠT TÀI SẢN NGHIÊM TRỌNG SOS HELP ME
    CHIẾM ĐOẠT TÀI SẢN NGHIÊM TRỌNG SOS HELP ME
    Translate to English
    2025-03-25 00:43
    Reply
    0
    0
    99+