LiteForex Malaysia, founded
in 2005, is a reliable high-tech ECN Forex brokerage company
that provides its clients with top tier liquidity in the
foreign exchange market. The company is registered in the
IBC of Marshall Island and regulated in accordance with the
Marshall Islands Business Corporation Act under the names of
LiteForex Ltd. and LiteForex Investments Limited.
New traders who just
finished demo trading can
start their first real-life currency trading
with the LiteForex Cent account. These
traders will be able to trade in micro-lots
with tight floating spreads as low as 3 pips
with no commission, and leverage as high as
1:200 with a minimum deposit of 10 USD. Cent
Account holders are also allowed to place a
maximum of 300 orders using MetaTrader 4 and
MetaTrader 5 platforms. Please note that
this trading account does not offer social
trading services and is unavailable to
traders who live in India, the Philippines,
and the United Arab Emirates.
LiteForex Malaysia Deposit & Withdrawal
Deposits at LiteForex Malaysia are free of charge. Traders may need to pay a certain fee to their payment system; however, this fee will be fully returned by LiteForex and deposited directly into their trading accounts under the customer loyalty program.
LiteForex offers the following deposit methods, with a minimum required amount of only 10 USD.
Credit cards (VISA & MasterCard) E-wallets (Skrill, Neteller, Perfect Money, QIWI, WebMoney) Cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, LiteCoin, Monero)
Traders can also deposit their money using bank wire transfers:
International Bank Wire Transfer (SWIFT) ➜ min. 100 USD Bank Transfer (Santrapay) ➜ min. 500 USD/EUR, 7% commission in EUR. Malaysian Bank Wire Transfer (Maybank and CIMB) ➜ min. 45 MYR
Withdrawals at LiteForex require a certain commission which varies between payment systems:
Credit Cards ➜ min. 15 USD/EUR, 3 – 3.5% commission Skrill ➜ min. 1 USD, 1% commission (max. 0.57 USD / 0.5 EUR / 2.23 PLN) Neteller ➜ min. 1.01 USD, 2% commission (min. 1 USD / 0.86 EUR, max. 30 USD / 25.86 EUR) Perfect Money ➜ min. 1 USD , 0.5% commission Adv. Cash ➜ min. 1.03 USD / 102.5 RUB, 2.5% commission QIWI ➜ min. 105 RUB, 2.5% commission in RUB WebMoney ➜ min. 1 USD, 2.5% commission Malaysian Bank Wire Transfer ➜ min. 5 MYR, no commission.
LiteForex Malaysia processes all deposit and withdrawal requests from Monday to Friday only during the following schedule:
Deposit ➜ 10 AM to 11 PM Withdrawal ➜ 10 AM to 10 PM
Should traders submit their requests after the above schedule, they will be processed on the next working day.
Moreover, LiteForex also offers automatic money withdrawals, a brilliant service that makes the company different from other Forex brokers. As long as you make the withdrawal requests using the same payment system you used for the deposit (only via Skrill, Perfect Money, and Neteller), you can use a maximum of two automatic withdrawals up to 100 USD within 24 hours.
Please note that the amount of money you can withdraw from one payment system cannot exceed the amount you have previously deposited using the same payment method.
LiteForex Malaysia SpreadsSpreads at LiteForex are floating depending on the trading account; the minimum spreads for LiteForex Cent, LiteForex Classic, and LiteForex ECN accounts are 3, 1.8, and 0 pips respectively. LiteForex Malaysia Security & Safety of Funds
LiteForex guarantees the
safety and security of their clients’
financial transactions as well as their
personal information. All transactions
happening within the company are protected
by the HTTPS (Hypertext Transfer Protocol
Secure) data encryption protocol. This
ensures the security of all data transfers,
and it also prevents any interception
attempts to the client’s personal data from
any third party. Advantages of Trading with LiteForex Malaysia
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