Founded in 2005 and operating with the mantra of “financial freedom”, Lite Forex is company that aims to make the FX market safe, easy and profitable for traders wherever they are in the world. Opening up their platform to novice traders has been at the heart of this company’s strategy since their inception.
Indeed, while other online Forex brokers were focusing on high-end traders, Lite Forex created their Cent Account with a palatable minimum deposit of just $1.
Having evolved from fledging roots into an FX broker listed amongst the top 100 companies according to World Finance, Lite Forex is a platform open to the full spectrum of traders.
LiteForex.com’s Special FX:
If you’re looking to get some extra bang for your trading bucks, then a 35% deposit bonus is something Lite Forex provides. On top of that, user’s loyalty will be rewarded with a 40% bonus on each deposit over $100 and a further 5% for members registered for more than a year.
Money on the way in is great, but once you’re inside the virtual confines of LiteForex.com users can also benefit from a 100% deposit insurance offer with all deposits over $500.
As with any respected FX broker, Lite Forex accepts a number of deposit methods, including MasterCard, Visa, Skrill and bitcoins. Once you’ve funded your account you’ll be able to access the vibrant FX market via the MetaTrader 4 platform, which includes trading without dealer’s desk to give you a better deal on spreads.
Indeed, whether you’re looking for fixed spreads or floating costs, there are six account types on offer:
Lite Account: Spreads of 3 pips, leverage ratio 1:1,000, minimum deposit of $1, minimum lot from 0.1 and a maximum lot limit of 100 up to a 300 order limit. Platforms available: MT4 and MT5.
Real Account: Spreads of 3 pips, leverage ratio 1:200, minimum deposit $100, minimum lot from 0.01 and maximum of 100 lots with an unlimited amount of orders available.MT4 and MT5 platforms.
PAMM Account: Floating spreads from 0.1, leverage of 1:200, minimum deposit of $200, minimum lot of 0.01 to a maximum of 1,000 lots on orders. No cap on concurrent orders within the MT4 platform.
NDD Account: Floating spread from 0.1 pips, leverage ratio of 1:500, minimum deposit limit $300, and min/max lots of 0.01/1,000. All NDD accounts use the MT4 platform and offer unlimited orders.
STP Account: Floating spread from 0.1 pips, leverage up to 1:100, minimum deposit on this account is $1,000 and min/max lots = 1/1,000. All STP accounts will operate through the MT4 platform and offer unlimited orders.
SGD Account: Floating spread from 0.1 pips, leverage point of 1:200, minimum deposit of $25,000 and min/max lots of 1/1,000. MT4 is the platform of choice on this account and you are gifted unlimited orders.