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FX Lite Trading Review


Overall Rating


Rated #410 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators


📱 Trading Desk

MetaTrader 4



📈 Total Pairs

☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker


FX Lite Trading is an established forex broker company in New York, United States of America.

Finding a reputable FX Lite Trading review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review of FX Lite Trading to help you make an informed decision before opening your account or trading on their platform.

FX Lite Trading provides trading services for its clients and is headed by a group of skilled individuals. The company offers the opportunities presented in the forex industry to help its clients accomplish their financial goals.

FX Lite Trading has earned a reputation for excellence and for setting the performance standard for customer satisfaction by providing innovative forex, trading, and mining services of digital coins.

FX Lite Trading, formerly known as FXLITE, is a global forex broker that focuses on delivering leading trading services for all its clients.

No information could be found on the company’s website or on the internet on the history of the company or for how long it has been operational.


Awards and Recognition

In the world of forex broker companies, it counts much for the company’s reputation if it has been honored with awards from esteemed organizations or publications.

There is no information available that indicates FX Lite Trading to have received any awards since it started out.  



FX Lite Trading Accounts

A forex account is a trading account held by a trader with a company like FX Lite Trading, that is issued with the primary purpose of trading through its platforms. The number and type of accounts that a trader can open with a broker company usually differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.


FX Lite Trading Types of Accounts and Their Features

At FX Lite Trading offers traders the option of opening a demo account before starting live trading. This is a useful option for beginner traders to familiarize themselves with forex trading and learn how to use the live account and the offered platform of FX Lite Trading.

Although it is not indicated how much virtual money is available to practices with it is usually around $100 000 and can be used for a period of 30 days. To open the account is free and operating the way it does, it is also risk-free.

, clients can sign up for a Mini Forex Account or a Standard Account. As the name suggests, the Mini Forex account is designed for pure forex traders and comes with a leverage of 1:100.

The following live account types can be opened:


  • Mini Forex Account
  • Standard Account


The Mini Forex account is designed for the more advanced user that wants to trade in forex and offers a leverage of 1:100.

The Standard account offers trading in forex as well as other market instruments and is designed for traders who wish to expand their portfolios.

Both accounts use the MetaTrader4 platform supported for fast execution. It includes trailing stops, hedging, and back-testing for minimizing risks. Clients can also create their own indicators for more control over their trading activities.

The process to open an account can be started from links on the company homepage. It is an easy process and involves a few easy steps.

Traders click on the register link on the FX Lite Trading website and complete the details asked by providing their ID number, email address, and mobile number.

You need to read and agree to the terms and conditions. FX Lite will verify your details, which takes about 24 hours, and inform you through email that you are accepted.

Traders then select the preferred account type, deposit their funds, and start trading. To register an account is free but the company does mention that a 5% TDS and a 10% Admin Charge will be applicable.

The website of FX Lite Trading does not indicate which currencies are acceptable to traders. Being a company situated in the United States it could be assumed that USD would be one of them.


Overall Rating


Rated #410 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators


📱 Trading Desk

MetaTrader 4



📈 Total Pairs

☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker


Deposits and Withdrawals

FX Lite Trading offers no information on who to deposit or withdraw funds. It does not indicate which funding methods could be used, how to do the funding or withdrawal of money, and how long it takes.

Potential traders will have to contact the broker directly for this information.


Cost and Fees, Commissions and Spreads

The cost of trading depends on different factors like commissions, spread, and margins.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

The amount of money required in your account to open a position is called the margin and is calculated according to the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, which do not involve in personal investment advice and give traders complete control over how they trade the markets, usually charge lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur commission. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

FX Lite Trading only requires a minimum deposit for both of its accounts of $ 50. On the Forex account, no commission is charged, while the Standard account comes with variable commission depending on the instrument traded. The commission is charged as follows:


  • Forex Major Pairs – $10 per lot
  • Forex Minor Pairs – $30 per lot
  • Forex Crosses – $20 per lot
  • Stock Indices – $5 per contract
  • Crypto – $10 per lot
  • CFD on shares – 25 cents
  • Metals – $20 per lot
  • Oil – $5 per lot



FX Lite Trading allows a maximum leverage ratio of 1:100. As an unregulated broker, this is acceptable leverage for professional traders, but beginner traders should be careful.

The amount of leverage is expressed as a ratio, for instance, 50:1, 200:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 200 000 USD/JPY, that leverage will equate to 200:1.

Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.



Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.

Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.

The European Securities and Markets Authority (ESMA) has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, thus ruling out the offering of such bonuses.

There is no indication on the website or reviews on the internet whether FX Lite trading offers any signup or other bonuses to its clients.


Trading Platforms, Software, and Its Features

The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

Some companies provide their own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade.

FX Lite Trading offers only the MetaTrader4 platform as a trading option on both account types. This is a good option for traders as MT4 has proven itself to be the most popular and easy-to-use platform on the market.

The MetaTrader4 platform can be used by beginner and advanced traders and comes packed with charting tools, analytics, and fast execution displayed on a clean and highly navigable interface.

The trading platform is as user-friendly, intuitive, and customizable, with charting tools and news, analysis reports, and financial calendars.

It is available for Android and iPhones and can also be downloaded on a desktop or used on the web.

MT4 is usually offered in several languages which include English, French, German, Spanish, Dutch, Portuguese, Arabic, Farsi, Chinese, Japanese, Turkish, Greek, and Russian. FX Lite Trading does not indicate in what language it offers the platform in.


Markets, Products, and Instruments

FX Lite Trading offers traders access to pure forex trading on its Mini Forex Account. On the Standard Account, the company offers a selection of forex, CFDs, precious metals, energies, and commodities to trade-in.

Most brokers offer all or some of the following market instruments for trading:



Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.



As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.



Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.


Precious metals:

This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.



The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.



Safety and Regulation

Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like FX Lite Trading is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.

Most forex brokers aim to provide a certain level of security through some form of authorization under relevant regulatory bodies. The most recognized of these bodies include such organizations as the FCA, CySEC, and ASIC.

The forex market is extremely volatile, linked as it is to fluctuations in global currencies which in turn are determined by various market movements and global events.

While this very volatility contributes to more enhanced and lucrative trades, it also means that a certain level of security is required within the forex trading environment to ensure full profitability.

While these restrictive measures are put in place to protect traders, some investors may seek out brokers with less regulatory restriction to benefit from concurrently enhanced trades – a risk that is ultimately taken at the trader’s own discretion.

Although FX Lite Trading is based in New York in the United States, there is no indication that it falls under the authorization of any regulatory body, and several user reviews claim to have had unsafe dealings with this company.

This should be kept in mind by potential traders who consider trading with FX Lite Trading. this in mind when weighing up the greater flexibility of using the company’s features against the potential losses which can be incurred when trading in a less secure environment.


Customer Support

Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.

The FX Lite customer support seems to be limited to an email address and a WhatsApp number. Clients also have the option of completing a message on the company website



Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.

FX Lite Trading does not offer any research tools like daily news, analysis, or economic calendars. also does not offer any independent research and analysis tools. With the availability to trade with the MetTrader4 platform, many of these tools are luckily included in the platform.


Education and Training

Before starting to trade, potential FX Lite Trading clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If FX Lite Trading’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.

As with the research tools, FX Lite Trading does not offer any educational tools or resources such as webinars, online tutorials, or a glossary. It does not even support a FAQs section.



FX Lite Trading However is not regulated, which is an extremely important facet of secure forex trading. Clients need to be assured that their funds are protected, and potential traders should weigh this up in the balance of the broker’s offering.

FX Lite Trading does offer the popular MetaTrader4 as a trading platform and a decent selection of trading instruments through the choice of two account types.

The leverage offered is high and not a good choice for beginner traders. Not much else is clear on the company’s website such as deposit and withdrawal option and the customer support are inadequate.

Some reviews also state that the company has closed, but this could not be confirmed.



Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.

While FX Lite Trading promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement. With FX Lite Trading the only agreement clients go into with the broker is the one when opening an account.

Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor, shows research recently done.


FX Lite Trading at a Glance

Broker’s name FX Lite Trading
Headquarters New York, USA
Year founded Not indicated
Regulating authorities Not regulated
Countries not accepted for trade All countries accepted
Demo account Yes
Islamic account (swap free) No
Institutional accounts No
Managed accounts No
Maximum leverage 1:100
Minimum deposit $50
Deposit options Not indicated
Withdrawal options Not indicated
Platform(s) provided MetaTrader4
OS compatibility Mac, Microsoft Windows, Mobile, Web, iPhone
Tradable assets Forex, CFDs, precious metals, energies, and commodities
Customer support languages English
Customer service hours 24 hours, five days a week


Overall Rating


Rated #410 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators


📱 Trading Desk

MetaTrader 4



📈 Total Pairs

☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker




Trading Environment


How many instruments can I trade with FX Lite Trading?

You can trade several different instruments with FX Lite Trading, including pure forex trading on its Mini Forex Account, and a selection of forex, CFDs, precious metals, energies, and commodities on its Standard Account.


Which platforms are supported by FX Lite Trading?

FX Lite Trading provides the ever-popular MetaTrader4


Does FX Lite Trading offer leverage?

Yes, FX Lite Trading offers maximum leverage of 1: 100


What spreads can I expect with FX Lite Trading?

FX Lite Trading’s spreads vary depending on the instrument being traded


Does FX Lite Trading charge commission?

FX Lite Trading’s Mini Forex Account is commission-free. The Standard Account comes with different commission structures depending on the instrument traded


Is FX Lite Trading regulated?

No, FX Lite Trading is not regulated


Is FX Lite Trading a recommended forex trading broker for experts and beginners?

FX Lite Trading offers a trading environment suited to professional traders. Besides the demo account, it offers no other assistance to beginner traders.


What is the overall rating out of 10 for FX Lite Trading?





What is the difference between a demo and live trading account?

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.


Does FX Lite Trading offer a demo account?



Can I convert my demo account to a live trading account with FX Lite Trading?

Yes, the demo account can be converted into a live account.


Which live trading accounts does FX Lite Trading offer?

  • Mini Forex Account
  • Standard Account


What are the available deposit currencies for a live trading account?

Not indicated

Deposits and Withdrawals


What is the minimum deposit for FX Lite Trading?

The minimum deposit for both accounts is $ 50


How do you make a deposit and withdrawal with FX Lite Trading?

The website does not give any information on how to do this.


Does FX Lite Trading charge withdrawal fees?

It is not indicated whether FX Lite Trading charge withdrawal fees.


How long does it take to make a withdrawal?

It is not indicated how long it takes to make a withdrawal with FX Lite Trading. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account.


Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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