LiteForex says it pioneered cent trading accounts with deposits as low as $1 for its international brand, but its CySEC-regulated Cyprus entity's Classic account requires a $50 minimum deposit with spreads from 2 pips.
| Regulated entity | Liteforex (Europe) Ltd |
|---|---|
| Regulation | CySEC No. 093/08 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2005 |
| Headquarters | Limassol, Cyprus |
| Minimum deposit | $50 |
| Avg. spread (EUR/USD) | 2 pips |
| Platforms | MT4, MT5 |
| Instruments | Forex pairs, precious metals, indices, cryptocurrency CFDs, and stock/share CFDs (CFD-only, no real share ownership). Total count is disputed across sources (83 to 250+), so no number is cited here. |
See LiteForex's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Classic (0% commission, spread markup, floating from around 1.8 pips on MT5 per one source) and ECN (flat $5 round-turn commission per lot, floating spreads from around 0.1 pips). Islamic/swap-free accounts are offered, but LiteForex explicitly reserves the right to begin charging a servicing fee on Islamic accounts at any time, and has previously applied special daily fees to swap-free accounts holding oil positions during periods of oil-market stress -- a meaningful disclosure since "swap-free" doesn't mean fee-free in every case here. |
|---|---|
| Execution model | ECN execution on the ECN account; the Classic account appears to be a dealing-desk/spread-markup model. |
| Withdrawals & deposits | Minimum deposit $50 for both account types. Minimum transaction $1 for e-wallets, $10 for cards; card withdrawals reportedly carry a 3.5% fee with a $1.01 minimum. Deposit fees are reimbursed for local methods, which process instantly. Funding via Mastercard/Visa, Skrill and Neteller. |
| Overnight financing (swap) | Standard swap applies on non-Islamic accounts; Islamic accounts avoid the standard swap but are subject to the broker's discretionary servicing/oil-contract fees noted above. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found specifically for this entity. |
| Customer service | One comparison source describes 24/5 multilingual support with a personal manager assigned to each trader -- a positive claim that isn't independently verified by complaint-tracking sources, as no Trustpilot-specific data was found for this exact entity. |
| Mobile experience | Described by one reviewer as simple and ideal for newcomers, with technical-analysis tools and copy-trading features, but no specific App Store or Google Play star rating was found for this entity. |
| Educational offering | One review source (ranking it 8th among CFD brokers compared, at 3.7/5) describes a rich education centre with daily analysis and quality training guides -- generally positive but not deeply substantiated across multiple independent sources. |
See how LiteForex's spread cost compares across every researched broker → · Forex broker fees explained
Is LiteForex regulated?
Yes -- CySEC No. 093/08. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if LiteForex fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at LiteForex?
Our research confirms a minimum deposit of $50.
What trading platforms does LiteForex offer?
LiteForex offers MT4, MT5.
What is LiteForex's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 2 pips. See our cost calculator to compare this across every broker we've reviewed.
When was LiteForex founded?
LiteForex was founded in 2005.
How is LiteForex's overall score calculated?
LiteForex currently scores 2.68/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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