LiteForex Europe Review 2024


3.7 / 5
LiteForex Europe is #8 in our CFD broker rankings.

LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders.

- Daytrading Review Team

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

$50
MT4, MT5
CFDs, Forex, Indices, Commodities
-
USD, EUR, GBP, CHF
Neteller, Skrill, Visa, QIWI, Mastercard, Perfect Money, Western Union, Credit Card

Trading App

LiteForex’s app stands out for its simplicity, ideal for newcomers, despite the slower chart loading times we’ve observed. Its extensive range of technical analysis tools and user-friendly copy trading feature, allowing easy selection of signal providers and investment amounts with just a couple of clicks, more than compensates for any minor drawbacks, making it a comprehensive solution for aspiring traders.

iOS App Rating
Android App Rating

Forex Trading

LiteForex Europe is a great option for forex traders with dozens of currencies, low spreads from 0 and a VPS for automated trading strategies. We also rate the daily market insights and forex tutorials for beginners.

Stock Trading

Trade on major US, European, Australian and Asian stock indices. LiteForex clients can diversify portfolios with hedging capabilities and low margins. Spreads are transparent and there are no commissions.

CFD Trading

LiteForex offers leveraged CFDs on popular asset classes, including currencies, commodities and indices. Traders can choose between the ECN and Classic account depending on their strategy alongside an accessible starting deposit and leading trading software from MetaTrader.

Copy Trading

The LiteForex copy trading system is available to all clients and allows users to replicate positions and strategies in their own accounts. Simply choose a trader using the broker's rating system, make a deposit and decide on an investment term.

✓ Pros

  • LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
  • Fast ECN execution model with low spreads from 0.0 pips
  • A proprietary copy trading system is available which allows you to copy other trading patterns
  • Low $50 minimum deposit makes LiteForex accessible for beginners
  • There's a comprehensive analytics portal by Claws&Horns, which offers video reviews, expert insights and short-term trading signals
  • LiteForex offers a range of proprietary mobile app tools which are ideal for traders who want to analyze the markets on the go
  • The broker offers a VPS server for experience day traders looking to run their auto strategies continuously
  • LiteForex offers a client-oriented approach, with personal manager assigned to each trader and 24/5 multilingual customer support

✗ Cons

  • Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
  • Cryptocurrency trading is not offered
  • There are limited funding methods compared to other brands
  • There is no swap-free trading account for Muslim day traders
  • The range of day trading markets is limited compared to alternatives, with no share CFDs offered

LiteForex Europe is a reputable forex broker with a good selection of MetaTrader platforms and mobile apps. Clients benefit from advanced analysis, copytrade features and straightforward fees. Here we’ll review LiteForex Europe’s 2024 trading services in detail, including regulation, minimum deposits, account types, and spreads.

LiteForex Europe Details

Since starting in 2008, LiteForex Europe Limited has earned a strong global reputation, with over half a million clients. The company is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC).

LiteForex Europe offers margin trading on a wide range of instruments, including currencies, commodities, and stock indices. The broker’s account offering is simple and comes with additional features such as a social trading platform and a forex analysis portal.

Trading Platforms

MetaTrader 4

The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals. The smart interface is packed with custom tools to boost advanced trading techniques, including over 50 built-in indicators and graphical objects. There are 9 timeframes, plus full trading history.

LiteForex Europe mt4
MT4 platform

The setup and download process for PCs is quick, easy and available from the LiteForex Europe homepage.

MetaTrader 5

LiteForex Europe’s advanced trading solution is the MT5 platform, designed with the professional trader in mind. The platform boasts dozens more technical indicators than its predecessor, 21 timeframes, and a full set of order types. In addition, traders can take advantage of the economic calendar and depth of liquidity tool.

LiteForex Europe mt5
MT5 platform

MetaTrader WebTrader

The web terminal allows for trading without any software installation. Web users have the same access to real-time quotes, charting tools, and trading history directly from their browser. The terminal is compatible with any operating system, including MacOS, and is accessible once you have your account login details.

Markets

You can trade on four main markets at LiteForex Europe, including dozens of popular currency pairs like EUR/GBP, commodities including gold and oil, and a range of global stock indices such as the NASDAQ and US30.

This review would like to have seen cryptocurrency trading offered.

Spreads & Commission

Spreads at LiteForex Europe are floating from 0 pips with the ECN account, though average spreads start from 4 pips for major pairs and 1 point for major indices.

Commissions are also charged with the ECN account at $10 per lot for major pairs, $20 per lot on forex crosses and metals, $30 per lot of forex minors, $5 per lot on oils and $5 per contract on stock indices.

Overall, tighter spreads and cheaper commissions are offered at other brokers, such as XM.

Leverage Review

The maximum leverage available at LiteForex Europe is 1:30 on major currency pairs. Major and minor crosses, plus stock indices and precious metals are available up to 1:20, and oil can be leveraged up to 1:10.

Mobile Apps

LiteForex Europe has an extensive mobile app offering, consisting of not only the MetaTrader apps but also the broker’s own apps tailored to forex signals, analysis, and strategies.

Available in 22 languages, the MT4 and MT5 mobile apps are suitable for iOS and Android (APK) smartphone and tablet users. The apps come with the same features as their desktop counterparts and allow for full-fledged technical analysis with custom charting tools and trade execution capabilities.

LiteForex Europe MetaTrader mobile app
MetaTrader mobile app

The broker also offers 6 proprietary mobile apps free of charge, all catering to different needs. There is an all-round mobile trading app, which allows you to manage your account whilst on the move. You can also subscribe to signals, analysis, news and strategies, and even convert currency. All options are available on iOS and Android devices and can be downloaded from respective app stores.

Overall, LiteForex Europe does well in mobile rankings compared to peers.

LiteForex Europe Payment Methods

Funding is available via bank cards (Mastercard or Visa) and e-wallets including Skrill and Neteller. Fees are reimbursed for all local deposit methods and are processed instantly. The minimum amount for deposit or withdrawal is $1 for e-wallets and $10 for cards. Withdrawal times via bank card are 3 – 5 days.

The owner has ensured all LiteForex Europe deposits and withdrawals can be managed from within the secure Client Cabinet, which also contains a live chat in case of any problems.

Demo Account

Traders can use the training account free of charge to explore different strategies under real market conditions. There’s no risk of losing any money, as all funds in the demo account are virtual and uncapped. Registration for a demo account takes less than 1 minute via the Personal Profile and demo contests are also available. You can then open a real money trading account when you feel ready.

Bonuses & Promotions

There are no bonus deals or promo codes offered by LiteForex Europe in 2024. As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors.

The non-EU entity, however, has been known to offer generous $100 welcome no deposit bonuses and dream draw contests. The non-EU entity accepts traders from a range of countries, including Iran, Myanmar, Nigeria, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Uganda, Ghana and Kenya. Clients from the USA are not accepted.

Regulation

LiteForex Europe Ltd is registered as a Cyprus Investment Firm (CIF) and is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08. The broker operates in accordance with the Markets in Financial Instruments Directive (MiFID).

LiteForex Europe Limited is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR. Traders should have a reasonable level of trust with this broker.

Additional Features

There’s a good range of additional resources on offer, including a beginners section complete with forex literature, tutorials, and investing strategies. In addition, you can access a host of tools such as an economic calendar, trading calculators, and an economic news blog. There’s also an analytics portal powered by Claws & Horns, which you can subscribe to for insights on technical and fundamental analysis.

LiteForex Claws&Horns analysis
LiteForex Claws&Horns analysis

Investors can also join the broker’s copy trading network with the social trading platform, which allows you to synchronise your accounts with professional traders.

Account Types

Traders can choose between the Classic or ECN account at LiteForex Europe. The main difference between the two accounts is that tighter spreads come with the ECN option, plus scalping capabilities and access to the social trading platform.

Both accounts require a minimum deposit of $50, which is lower than other competitors such as FXTM and OctaFX. The minimum trade size is 0.01 lots, the margin call is 100%, and the stop out level is 50%. Both accounts also come with negative balance protection.

Note that the LiteForex European entity does not offer Islamic swap-free accounts, PAMM/MAM accounts, or Cent accounts.

Trading Hours

Forex can be traded 24 hours a day, but particular geographical trading sessions depend on the market’s timezone. Specific server hours can also be provided by the customer support team, or by clicking on the instrument details within the client portal.

Customer Support

3.5 / 5

The LiteForex Europe customer support team are available Monday to Friday between 9 am and 9 pm (GMT+2) via:

You can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account. Alternatively, see the FAQ portal or reach out via Telegram.

You can contact the support team to get help with a range of queries, from account registration and verification to copytrade services and forgotten investor passwords.

Trader Security

LiteForex Europe uses HTTPS (Hypertext Transfer Protocol Secure) data encryption inside the Personal Profile portal, which ensures safe data transfer between the client and servers. The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required.

LiteForex Europe Verdict

LiteForex Europe is a trusted broker offering social trading, ECN spreads and fast withdrawals. The $50 minimum deposit is also reasonable and the demo account and trading tools make the broker a good choice for beginners.

Top 3 Alternatives to LiteForex Europe

Compare LiteForex Europe with the top 3 similar brokers that accept traders from your location.

  1. IC Markets – IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
    Go to IC Markets
  2. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  3. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade

LiteForex Europe Comparison Table

Compare LiteForex Europe With Similar Brokers
LiteForex Europe IC Markets Pepperstone AvaTrade
Rating 3.7 4.8 4.8 4.9
Markets CFDs, Forex, Indices, Commodities CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Demo Account Yes Yes Yes Yes
Minimum Deposit $50 $200 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators CySEC ASIC, CySEC, FSA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
Bonus
Education No Yes Yes Yes
Platforms MT4, MT5 MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Leverage 1:30 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) 1:30 (Retail), 1:500 (Pro) 1:30 (Retail) 1:400 (Pro)
Payment Methods 8 14 11 13
Visit Visit Visit Visit Visit
Review IC Markets
Review
Pepperstone
Review
AvaTrade
Review

Compare Trading Instruments

Compare the markets and instruments offered by LiteForex Europe and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare LiteForex Europe Trading Instruments
LiteForex Europe IC Markets Pepperstone AvaTrade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes Yes
Silver Yes Yes Yes Yes
Corn No Yes Yes Yes
Crypto No Yes Yes Yes
Futures No Yes No Yes
Options No No No Yes
ETFs No Yes Yes Yes
Bonds No Yes No Yes
Warrants No No No No
Spreadbetting No No Yes Yes
Volatility Index No Yes Yes Yes

LiteForex Europe vs Other Brokers

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LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

FAQ

Does LiteForex (Europe) offer any promo codes or deposit bonuses?

LiteForex (Europe) does not offer any promotions, including no deposit bonuses.

Does LiteForex (Europe) accept USA clients? 

LiteForex (Europe) does not accept clients from the United States. The EU entity only accepts traders from the EEA, plus the UAE and Marshal Islands.

How do I open a real LiteForex (Europe) account? 

You can sign up for an account from the website home page, which will take you through the verification process. You will then receive your sign-in credentials so you can start trading.

Is LiteForex (Europe) legit?

LiteForex (Europe) is a trusted broker based in Cyprus and licensed by the Cyprus Securities and Exchange Commission (CySEC).

Where is LiteForex (Europe) based? 

LiteForex (Europe) is based in Limassol, Cyprus. The non-EU entity, LiteForex Investments Limited, is based in various locations around Asia and the Middle East, including Thailand, Vietnam, Malaysia, Kenya, Nigeria, and Iran.