LiteForex
Compensation Fund: €100000 per complaint
Date of registration:
Company number: 094909
Membership status: Pending
LiteForex is a Forex and CFD broker operating since 2008 that provides both Social trading and ECN trading environments through leading-edge technologies based on MT4 and MT5 platforms while maintaining a low-cost structure. This technology currently is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips allowing you to benefit from it.
LiteForex established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations.
Though, being a regulated broker, earlier LiteForex had some complaints and issues with traders claiming LiteForex had non-transparent conditions which was the reason why there were some concerns about LiteForex’s trustworthiness.
Yet, now we see that broker clears its record as more brokers sign for its service. Also, regulatory overseeing from the European CySEC regulation gives extra layers of protection; however, we recommend doing your research on LiteForex Review as well to see whether it is a suitable broker for your need
Overall, LiteForex has great trading conditions with various trading instruments, useful research, and popular platforms. Its decade-long operation has given LiteForex a great step in having the right experience in the market.