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LiteForex Forex Broker Review
About LiteForex Forex Broker
LiteForex Forex Broker is an unregulated, Cyprus-based company. They have been conducting online operations since 2004, and their mother company Is Straighthold Investment Group Incorporated. LiteForex Forex Broker accepts many payment options, namely Moneybookers, Liberty Reserve, AlertPay and WebMoney. Take note that PayPal, admittedly the most popular mode of online payment, is not accepted by LiteForex Forex Broker.
LiteForex Forex Broker’s minimum account requirement is $1, which is good, although it is quite clear that not much trading can be done from that amount. LiteForex Forex Broker is definitely not in the top of their game, as they are receiving a lot lukewarm reviews from current to previous clients, certainly not a good situation for an online brokerage company.
LiteForex Forex Broker is, as of July 2009, not considered a scam. However, they surely need to improve their customer service and server performance, as a lot are complaining about how the customer care is not the best out there, and how the server of LiteForex Forex Broker often slows down activities.
Basic Broker Details
| Site | http://www.liteforex.org/ |
| Country of Origin | Cyprus |
| Accepted Deposit Modes | Bank transfer, Moneybookers, Liberty Reserve, AlertPay and WebMoney |
| Withdrawal Method | Bank transfer, Moneybookers, Liberty Reserve, AlertPay and WebMoney |
| Leverage | 1:50 up to 1:500 |
| Regulation Body | Not regulated |
| Spread | 3 pips (EUR or USD) |
| Minimum Account Requirement | $1 |
Pros of LiteForex Forex Broker
* Managements seems to be trying hard to clean their name publicly by sending representatives to public forums online
* Many modes of payment
Cons of LiteForex Forex Broker
* Reports of slow withdrawals
