LiteForex is a forex broker offering the standard market advanced MT4 trading platform. In this aspect it is very alike to other similar brokers making use of that particular platform with the difference that LiteForex in its endeavour to be different from the herd started by enforcing a minimum deposit of $1 so as to kick off trading. Unlike other brokers reviewed, the concentration here is mainly on the foreign exchange market so as not to get diverted by offering trading on other markets. Many may look upon this as a disadvantage but some are of the opinion that this is where LiteForex has excelled. They are pinpointed in concentrating on Forex to make sure that they remain on top with their offerings always. The website is overall above average and presented in a tidy manner with explanations regarding the currency exchange services offered and in depth information regarding forex trading including a forex glossary and a fundamental basic tutorial for new traders. The liteforex.org main site is offered in a total of 14 languages including Greek, English, Hebrew, Chinese, Portuguese, Spanish, Japanese and Malay.
LiteForex operates a Meta Trader 4 trading platform which enables the more inexperienced user to trade with a user friendly trading platform offering trailing stop orders, instant execution and limit orders ensuring its distinction from others competing by offering myriad features for mobile trading that are not supported by the general Forex broker. At liteforex.org accounts come in 2 variations with the beginners version being called the LiteForex and the more advanced option going under the name Real Forex. The beginner account can be issued with $1USD and offers all the features you would find on a usual mini account including more than 40 pairs of currencies with spread starting at 2 pips with a zero commission policy and an immediate order execution available. Novices can gain experience of Forex trading with a nominal investment or by signing up for a standard Liteforex account which is offered free together with advanced tools for trading and also with it the user can trade at higher leverage levels if inclined.
The more experienced trader can benefit from the Real Forex which requires a minimum of $10 as initial deposit but presents increased leverage, no maximum deposit rules and offers users a 3,50% rate on their ongoing balance. Registration at LiteForex is easy and not extremely long winded with the funding process made also easy and clear cut even for beginners. Deposits options include all major credit and debit cards, direct bank wire transfer and a number of electronic wallets including Money Bookers, Web Money, Liberty Reserve and Alert Pay. Overall Lite Forex is an above average forex broker with all main features regarding currency trading available; a recommended choice for new and more experienced traders.