LiteForex Group specialises in providing online trading services and placing financial instruments on the commodity, stock, future and currency markets. It has developed an impeccable reputation thanks to its consistent management and highly qualified specialists, and an ongoing commitment to develop new ideas and projects provides clients with continually improving services and facilities.
The group was founded in 2005 with a mission to provide the highest standards in service and facilities, with an emphasis on providing each client with a balanced and optimal service package for trading on the financial markets.
Today the brand is steadily expanding into new regions and key hub countries, helping a strong increase in its client base – some 300 new trading accounts are opened every day, and the total number of traders who have registered with LiteForex since its inception is steadily approaching 300,000. The broker is enjoying particularly strong growth in Asia, and as a result of its popularity in the region won the prestigious award for Most Reliable Broker in Asia at the 2010 ShowFX World exhibition, as well as the award for Best Forex Broker in Nigeria – 2010 by the Online Forex Traders Association of Nigeria.
Account types
The group has created a set of trading conditions that are comfortable both for new traders who are just taking their first steps into the market and for professional traders who are in charge of managing significant capital. To accommodate this spectrum, LifeForex offers three types of account: LITEForex, REALForex and FLOATForex.
LITEForex is a cent type of account that provides beginners with the opportunity to feel confident while dealing with real money. By opening an account with the minimum deposit required, a client who is new to forex can easily gain valuable experience in financial market trading.
REALForex is an account that is usually chosen by traders with practised market experience, who want to operate with large amounts.
The FLOATForex account type allows clients to carry out transactions with unfixed spreads starting from zero pips. When executing trades on a FLOATForex account it is possible to use any of the trading instruments provided by LiteForex Group. There is no commission for executing transactions with a FLOATForex
account.
Equal conditions for using leverage, no hidden commissions and a fixed spread starting from three points are provided for trading on all account types.
To let its clients profit from every opportunity the financial market gives, LiteForex provides 83 trading instruments, including a wide range of currency pairs, precious metals, currency indices and CFDs.
Trading is powered by the popular and accessible MetaTrader4 platform and MetaQuotes Soft – an update version of MetaTrader5. The 5 terminal enables clients to work simultaneously at the major financial floors in the framework of the single account, as well as carry out transactions with currency pairs, commodities, world indices and CFDs.
One of the many advantages of the new MetaTrader5 terminal is automatic trading support with the use of scripts, advisors, its own indicators, and the ability to create bespoke trackers with MetaEditor5, MetaTrader5 Strategy Tester and MetaQuotes Language 5.
Partnership opportunities
The LiteForex trademark is widely represented in a number of countries, where it offers partnership programmes to people who are ready to dedicate their time to developing a client base within their region. LiteForex affiliates are rewarded with spread-based commission, fostering a successful and solid cooperative instrument. In bestowing upon LiteForex the award for Best Affiliate Programme – 2011, World Finance recognises the positive conditions offered by the programme and the new opportunities LiteForex can offer for its affiliates. In the past LiteForex Group was also awarded the prize for Affiliate Programme Innovator at ShowFX Asia 2010.
LiteForex Group makes every effort to develop successful partnerships through its four programmes – Bring a Friend, Internet Partner, White Label and Regional Representative – which were developed for the clients who wish to start their own business in the online trading area.
Partners of the Bring a Friend programme receive substantial bonuses to their trading accounts for recommending LiteForex brand to their friends and acquaintances working in the forex market.
The Internet Partner programme invites partners to attract new clients to LiteForex. For cooperation in this programme a bonus is transferred to a special partnership account based on the new client’s trading.
Regional Representative status is an offer for experienced partners who are able to promote the LiteForex brand in their region and manage a local office. Special partnership conditions and individual assistance for each representative help to incentivise and optimise their work.
Finally, the White Label programme involves further cooperation between LiteForex and regional representatives. Partners working in this programme are not involved in the basic scope of administrative work and so don’t bear any responsibility for the clients’ deposits. The details of the White Label cooperation, including remuneration, are decided individually.
By engaging with these affiliate programmes, LiteForex clients can receive an additional income. The innovative MultiRebate service is extremely popular, as it opens prospects of additional income to each of LiteForex’s clients. Traders using MultiRebate are paid back 1.5 pips from each transaction what is the maximum spread rebate amount. Partners registered in this programme receive 0.4 pips of commission from each referral’s transaction and 10 percent from each attracted partner’s income.
