Score

4.99 /10
Average

LiteForex

Regulated in Cyprus

Straight Through Processing (STP)

MT4 Full License

Global Business

High potential risk

D
A

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Comparison

Quantity 115

Exposure

Time Machine
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!
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

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Danger

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2022-09-20
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Broker Information

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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

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WikiFX Risk Alerts 2
Previous Detection : 2025-09-15
  • WikiFX has received a total of 100 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

LiteForex · Benchmark
Average transaction speed(ms)
871 Poor
The highest transaction speed(ms)
100 Good
The highest speed of opening positions(ms)
100 Great
The highest speed of closing position(ms)
182 Good
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1998 Poor
Ranking: 113 / 125
Test user 1,214
Transactions 22,812
Ocuppied margin $6,679,206 USD
Data Source WikiFX Data provide
Updated: 2025-09-12 01:09:00
Pyramid scheme complaint
Expose
Severe Slippage

Everyone, be careful!

Everyone, be careful! This platform has significant slippage. Every time the market fluctuates, the execution of orders is like a roller coaster. Buy and sell orders in the market take 2 seconds. -3 minutes in the process, and the final price is significantly lower. Last week, when the price of crude oil began to rise, I entered the Long position, which showed a price of 80.50 when clicked, but the buy/sell price was at 80.75. The slippage alone caused a 3% loss in the account. This broker is truly unreliable.

2025-08-25 11:57
Unable to Withdraw

LiteForex, I really regret

LiteForex, I really regret choosing your platform! I always thought legitimate platforms wouldn't falsify data, but you've used "data" as a tool to scam me out of money. Now my withdrawals are stuck! I used to base my crude oil trading strategy on your platform's candlestick charts and volume data, but every time I placed an order, the data started to "go against me"! When I went long, your data deliberately drove it down; when I went short, the data suddenly shot up. In just five days, I was wiped out three times! Now I want to admit defeat and exit, but requesting a withdrawal is incredibly difficult! I've submitted eight withdrawal requests, and each time they were rejected due to "anomalies in trading behavior," and you can't even explain what the anomaly is! I called my account manager, but he simply refused to answer. I left messages on your platform, but they were blocked!

2025-08-31 00:02
Severe Slippage

สเปรดพุ่งสูงขึ้น กิน

สเปรดพุ่งสูงขึ้น กินเงินต้นไปมาก และอินเทอร์เฟซภาษาไทยก็เต็มไปด้วยบั๊ก ในเดือนพฤษภาคม ขณะที่ผมเทรดคู่เงิน EUR/THB บน LiteForex ผมสังเกตเห็นว่าสเปรดขยายกว้างขึ้นบ่อยครั้งอย่างอธิบายไม่ถูก มันแสดง 2.5 pips ในช่วงเวลาซื้อขายปกติ แต่กลับพุ่งขึ้นทันทีเป็น 15 pips ทันทีที่ผมวางคำสั่งซื้อ ก่อนจะกลับมาเป็นปกติเมื่อปิดสถานะ ในคืนที่มีรายงานการจ้างงานนอกภาคเกษตรกรรมวันที่ 15 ตุลาคม สถานะซื้อ 5 ล็อตของผมถูกปิดลงทันทีเนื่องจากสเปรดขยายกว้างขึ้นอย่างกะทันหันเป็น 30 pips ส่งผลให้ขาดทุน 120,000 บาท ที่แย่กว่านั้นคืออินเทอร์เฟซภาษาไทยเต็มไปด้วยบั๊ก โดยปุ่ม "Stop Loss" เปลี่ยนเป็น "Close" เป็นครั้งคราว โฆษณาของแพลตฟอร์มที่ว่า "สเปรดคงที่" นั้นเป็นเรื่องโกหกโดยสิ้นเชิง ภาพหน้าจอจำนวนมากในฟอรัมผู้ใช้ภาษาไทยพิสูจน์ว่าพวกเขาได้ติดตั้งกับดักสเปรดแบบไดนามิกสำหรับคู่เงินบาทไทย มันน่าหงุดหงิดมาก อย่าเข้ามาใกล้

2025-08-31 16:37
Scam

From confidence to

From confidence to despair, the endless fluidity of the platform and shameless management. After four months of trading, I placed a buy order at 1.2630 for GBP/USD. At that time, the market volatility was stable, but the order was actually executed at 1.2671, with a slippage of 41 pips. Please remember that on legally compliant Thai forex platforms, slippage is generally controlled within 5-10 pips under similar market conditions. Even more shocking was earlier this month when the European Central Bank (ECB) announced its interest rate decision. I set a stop-loss at 142.50 for EUR/JPY to prevent significant losses. However, when the market fluctuated, the stop-loss was actually executed at 143.23, with a slippage of 73 pips. This single order cost me $3,200, which was two months of my savings. This platform, which relies on slippage fraud and lacks integrity, urges all Thai traders to be cautious and not fall victim to the same scam I did!

2025-09-04 14:56
Severe Slippage

On the night of the June

On the night of the June 2025 non-farm payroll report, I traded XAU/USD on LiteForex with a stop-loss at 2,360. When the market hit 2,362, my position was forced closed at 2,325. This 35-point slippage resulted in a loss of RM4,200. Eleven of my 12 stop-loss orders slipped, a whopping 91.7% slippage rate, which perfectly aligns with the "99% stop-loss order slippage" phenomenon I've searched for. Even more disgusting is the profit-stripping scheme. In May, I had a profit of $800 on a long EUR/USD position, but the platform suddenly widened the spread to 18 pips (usually just 1.8 pips), and 30% of my profit was inexplicably deducted during the forced liquidation. A warning to Malaysian traders: Stay away from this platform that exploits low-regulatory licenses to steal your funds. There's no way to protect your hard-earned money!

2025-09-01 22:10
Scam

last Friday

Last Friday at 9.10 AM, I was staring at the XAU/THB (gold to baht) stock market until 3 AM to analyze nearly 15 days of trading data. It was an opening position of more than 5 lots at the 26,450 point. After clicking and confirming, the platform froze directly. The order status on the screen kept showing "processing" all the time. I frantically clicked refresh, went back and entered the background again, and even restored the phone to factory settings. It took 25 minutes to get back in. When I checked again, the price had surged to 26,720—I could have made a profit of 67,500 baht. But now, not only did I not make a profit, but panic followed, and I ended up adding another 83,000 baht to the losing position. I complained to customer service, and the woman there sounded like a buzzing mosquito, going in circles saying, "At that time, the server was under temporary maintenance, and there was nothing we could do." Maintenance without prior notice? My friend was trading on another platform at the same time, and their entire process went smoothly. This month, I lost nearly 500,000 baht just because of LiteForex's lag and failed orders! LiteForex, you deliberately delay and want us retail traders to suffer.

2025-09-03 23:06
    Sources
    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
    MT4Windows PC, MacOS, iPhone/iPad, AndroiBeginners
    MT5Windows PC, MacOSExperienced traders
    MT4
    MT5

    Deposit & Withdrawal

    Payment OptionsMin DepositCommission/FeeDeposit TimeWithdrawal Time
    Visa/MasterCard$10Instant3-5 days
    Bank wire transfers$102-5 days2-5 days
    Neteller/Skrill$1InstantInstant
    Bank cards
    Bank wire transfer
    E-transfers

    News

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    LiteFinance launches its revamped mobile trading app in 2025, introducing real-time analytics, a sleek UI, and a $1M trading contest for users.

    WikiFX
    2025-07-23 15:14
    LiteFinance Launches Powerful New Mobile Trading App

    ExposureLiteForex – 5 Key Things You Must Know About This Broker

    LiteForex , claims that it is a safe platform to invest with. It highlights only the positive aspects of the broker. But as a trader or investor, you need to verify whether everything the broker claims is actually true?

    WikiFX
    2025-07-11 18:41
    LiteForex – 5 Key Things You Must Know About This Broker

    NewsLiteFinance MetaTrader Update: Key Changes by July 1, 2025

    LiteFinance announces MetaTrader platform update by July 1, 2025. Ensure your MetaTrader is up to date to avoid disruptions. Get the details here.

    WikiFX
    2025-06-25 14:49
    LiteFinance MetaTrader Update: Key Changes by July 1, 2025

    Exposure2025 LiteFinance Latest Review

    As one of the veteran platforms in the forex market, LiteFinance has attracted many traders with its stable trading environment and wide range of products. But who is it best suited for? This article offers a comprehensive evaluation.

    WikiFX
    2025-05-19 21:29
    2025 LiteFinance Latest Review

    User Reviews

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    User comment

    61

    Comments

    Write a review

    FX1201556053
    0-3months
    This platform keeps saying it's "data-based," but it's all just a scam. I've been applying for a withdrawal for almost two weeks, and I haven't seen a penny! I was initially deceived by their promises of "accurate data and three-day withdrawals." I thought I'd invest some money to supplement my family's income, but as soon as I put my money into the platform, they pocketed it! Every time I contact customer service for an explanation, they say, "The data verification failed and I need to resubmit my information," or "The finance department is checking my transactions, so please wait." They can't finish checking for two weeks? It's clear they don't want to pay! Yesterday, I pushed them too hard, and they even said, "There were illegal transactions in my account and my funds were frozen!" I was just trading normally, so how could there be any violations? This is a clear scam!
    This platform keeps saying it's "data-based," but it's all just a scam. I've been applying for a withdrawal for almost two weeks, and I haven't seen a penny! I was initially deceived by their promises of "accurate data and three-day withdrawals." I thought I'd invest some money to supplement my family's income, but as soon as I put my money into the platform, they pocketed it! Every time I contact customer service for an explanation, they say, "The data verification failed and I need to resubmit my information," or "The finance department is checking my transactions, so please wait." They can't finish checking for two weeks? It's clear they don't want to pay! Yesterday, I pushed them too hard, and they even said, "There were illegal transactions in my account and my funds were frozen!" I was just trading normally, so how could there be any violations? This is a clear scam!
    Translate to English
    2025-09-04 17:26
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    FX3628506672
    0-3months
    จากความเชื่อมั่นสู่ความสิ้นหวัง ความลื่นไหลไม่รู้จบของแพลตฟอร์มและการจัดการที่ไร้ยางอาย หลังจากซื้อขายมาสี่เดือน ผมวางคำสั่งซื้อที่ราคา 1.2630 สำหรับ GBP/USD ในขณะนั้นความผันผวนของตลาดคงที่ แต่คำสั่งซื้อนั้นถูกดำเนินการจริงที่ 1.2671 ซึ่งมีค่า slippage อยู่ที่ 41 จุด โปรดจำไว้ว่าบนแพลตฟอร์มฟอเร็กซ์ของไทยที่ถูกต้องตามกฎหมาย โดยทั่วไปแล้ว slippage จะถูกควบคุมให้อยู่ภายใน 5-10 จุดภายใต้สภาวะตลาดที่คล้ายคลึงกัน ที่น่าตกใจยิ่งกว่านั้นคือเมื่อต้นเดือนนี้ เมื่อธนาคารกลางยุโรป (ECB) ประกาศการตัดสินใจเกี่ยวกับอัตราดอกเบี้ย ผมตั้งจุดตัดขาดทุนไว้ที่ 142.50 สำหรับ EUR/JPY เพื่อป้องกันการขาดทุนจำนวนมาก อย่างไรก็ตาม เมื่อตลาดผันผวน จุดตัดขาดทุนกลับถูกดำเนินการจริงที่ 143.23 ซึ่งมีค่า slippage อยู่ที่ 73 จุด คำสั่งเดียวนี้ทำให้ผมเสียเงินไป 3,200 ดอลลาร์ ซึ่งเป็นเงินออมของผมสองเดือน แพลตฟอร์มนี้ซึ่งอาศัยการหลอกลวงเงินแบบ Slippage และไม่มีความซื่อสัตย์ ขอเรียกร้องให้ผู้ค้าชาวไทยทุกคนระมัดระวังและอย่าตกเป็นเหยื่อของการหลอกลวงแบบเดียวกับที่ฉันตกเป็นเหยื่อ!
    จากความเชื่อมั่นสู่ความสิ้นหวัง ความลื่นไหลไม่รู้จบของแพลตฟอร์มและการจัดการที่ไร้ยางอาย หลังจากซื้อขายมาสี่เดือน ผมวางคำสั่งซื้อที่ราคา 1.2630 สำหรับ GBP/USD ในขณะนั้นความผันผวนของตลาดคงที่ แต่คำสั่งซื้อนั้นถูกดำเนินการจริงที่ 1.2671 ซึ่งมีค่า slippage อยู่ที่ 41 จุด โปรดจำไว้ว่าบนแพลตฟอร์มฟอเร็กซ์ของไทยที่ถูกต้องตามกฎหมาย โดยทั่วไปแล้ว slippage จะถูกควบคุมให้อยู่ภายใน 5-10 จุดภายใต้สภาวะตลาดที่คล้ายคลึงกัน ที่น่าตกใจยิ่งกว่านั้นคือเมื่อต้นเดือนนี้ เมื่อธนาคารกลางยุโรป (ECB) ประกาศการตัดสินใจเกี่ยวกับอัตราดอกเบี้ย ผมตั้งจุดตัดขาดทุนไว้ที่ 142.50 สำหรับ EUR/JPY เพื่อป้องกันการขาดทุนจำนวนมาก อย่างไรก็ตาม เมื่อตลาดผันผวน จุดตัดขาดทุนกลับถูกดำเนินการจริงที่ 143.23 ซึ่งมีค่า slippage อยู่ที่ 73 จุด คำสั่งเดียวนี้ทำให้ผมเสียเงินไป 3,200 ดอลลาร์ ซึ่งเป็นเงินออมของผมสองเดือน แพลตฟอร์มนี้ซึ่งอาศัยการหลอกลวงเงินแบบ Slippage และไม่มีความซื่อสัตย์ ขอเรียกร้องให้ผู้ค้าชาวไทยทุกคนระมัดระวังและอย่าตกเป็นเหยื่อของการหลอกลวงแบบเดียวกับที่ฉันตกเป็นเหยื่อ!
    Translate to English
    2025-09-04 14:56
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