LiteForex Forex Broker -Rating Analysis
LiteForex Forex Broker General Rating
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ASPECT
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RATING
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MAX
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ARCHIEVED
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4.Technology
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65.6%
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16%
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11%
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3.Trading-Options
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96.2%
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26%
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25%
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2.Competition
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63.3%
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30%
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19%
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1.Reliability
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23.2%
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28%
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7%
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Overall Rating
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100%
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61.0%
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LiteForex Rating Analysis
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General Rating
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Weight
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Lite Forex Broker
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TOTAL RATING
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28%
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61.0%
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ANALYSIS
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1. RELIABILITY
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7%
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Lite Forex Reliability Analysis
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1.1 Lite Forex Regulation
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12%
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CYSEC=3, CBI=4, ASIC=4, BaFIN=5, FSA (UK)=6
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1%
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Lite Forex is regulated by RAFMM (Russia) = 1%
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1.2 Lite Forex Headquarters
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5%
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General Offshore=0, Cyprus=2, Ireland, Australia=4, USA, UK, Switcherland=5
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0%
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Lite Forex Home Base is in Seychelles =0%
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1.3 Lite Forex Foundation
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4%
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0-2 Years=0, 2-4 Years =1, 5-7 Years=2, 7-10 Years=3, 10+ Years = 4
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3%
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Lite Forex was found in 2005 7-10 years =3%
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1.4 US Residents
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2%
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Yes=2 / No=0
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0%
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Lite Forex doesn't allow US traders =0%
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1.5 Lite Forex FPA Rating
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5%
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Actual Forex Peace Army Rating
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2.50%
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Lite Forex FPA=2.504
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1.6 Lite Forex Google Scam Investigator
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Not Active
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2. COMPETITION
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30%
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19%
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Lite Forex Competition Analysis
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2.1 Lite Forex Spread on EUR/USD
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12%
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<0,5=12%, <0,75=10%, <1=8, <1,5 = 6, <2=4, <3=2, <4=1, >4=0
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2%
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Lite Forex EUR/USD Spread is 3 pips =2%
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2.2 Lite Forex Commissions Charged
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8%
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No Commissions=8, Low Commissions=4, Medium Commissions=1
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8%
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No Commissions are charged by Lite Forex when trading Forex
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2.3 Lite Forex Deposit / Withdrawal Commissions
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2%
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Yes=0, No=2%
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2%
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Withdrawal Commissions are not charged at LiteForex =2%
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2.4 Lite Forex Leverage
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4%
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400%+=4, 300%=3, 200%=2, 100%=1, <100%=0
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4%
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Max Leverage at Lite Forex is up to 1/200% = 4%
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2.5 Lite Forex Customer Service
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4%
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Live Chat=2, 24/7=2, 24/6=1, 24/5=0, Phone=1
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3%
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Lite Forex provides Live Chat=2%, Phone (Call Back)=1%, 24/5=0%
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3. TRADING OPTIONS
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26%
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25%
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Lite Forex Trading Analysis
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3.1 Lite Forex Availbale Assets
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10%
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Number of Currencies=8%, Commodities=1%, Srocks & Indices=1%
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10%
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Lite Forex offers 47 Forex Currencies=8%, Commodities=1%, CFDs=1%
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3.2 Lite Forex Bonus / Rebate
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8%
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10% Bonus/ Rebate=2, 15%=3, 20%=4, 25%=5 30%=6, 35%=7, 40%+=8
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8%
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Bonus at Lite Forex is up to 40%
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3.3 Lite Forex Scalping
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2%
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Yes=2 / No=0
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1%
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Lite Forex accepts scalping under very strict rules (half points) =1%
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3.4 Lite Forex Hedging
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1%
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Yes=1 / No=0
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1%
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Yes Lite Forex allows hedging (some limitations)
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3.4 Lite Forex Deposit Methods
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2.50%
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For every method 0,5%, max=5
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2.50%
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5+ methods available (Credit Cards, Bank Wire, CashU, MoneyBookers and WebMoney) =2.5%
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3.5 Lite Forex Withdrawal Methods
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2.50%
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For every method 0,5%, max=5
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2.50%
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5+ methods available (Credit Cards, Bank Wire, CashU, MoneyBookers and WebMoney) =2.5%
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4. TECHNOLOGY
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16%
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11%
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Lite Forex Technological Analysis
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4.1 Lite Forex Available Platforms
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5%
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Each Platform=1%, max=5
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2%
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2 Platforms Available at Lite Forex (MT4 & MT5) =2%
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4.2 Lite Forex API Trading
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1%
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Yes=1 / No=0
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1%
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Yes, API trading is available at Lite Forex
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4.3 Lite Forex Expert Advisors
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2%
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Yes=2 / No=0
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2%
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Yes Lite Forex allows Expert Advisors
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4.4 Lite Forex Mobile Trading
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2%
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Each Supported Device=0,5%, max=4
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2.00%
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Lite Forex provides MT4 applications for iPhone, PAD, Smartphones and Android, plus MT5 platform for Android =max%
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4.5 Lite Forex MT4 / MT5 Availability
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1%
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Yes=1 / No=0
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1%
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Yes Lite Forex supports Metatrader4 and Metatrader5
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4.6 Lite Forex General Innovation
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5%
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High Innovation=5%, Medium Innovation=2.5%
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2.50%
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Medium Innovation (offering MT4 and MT5 platforms for desktop and mobile devices, we also liked a lot their Live Chat Service)
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LiteForex Forex Broker Rating Analysis
Online Forex (2012)
