Since the beginning of the year 2016, LiteForex has introduced a multitude of important and worthy changes. We've begun the year with summing up the results of our traditional New Year raffle New Year Promo 2016, offering precious prizes (iPad, iPhone, MacBook) to our happy clients and starting a new year that promises a lot of positive events.
In spring, we launched a truly magnificent project - Social Trading, traders’ social network for copying trades. The project increases our clients' opportunities and profits manyfold since this exceptional platform allows them to boost and stabilize earnings by getting an extra income through duplication of successful traders' trades or provision of their own trades for duplication. Social Trading participants can exchange their skills and acquire new knowledge by communicating with traders from all around the world.
Further, our team has developed a new version of the "Bring a friend 3.0" program, integrating it with the Social Trading project, and launched the "LiteForex Analytics" mobile application that provides the clients with high quality content from the Claws&Horns analytics portal.
Our geographical presence has been expanded with 2 more representative offices in Nigeria (Port Harcourt) and Georgia (Tbilisi). Furthermore, we have upgraded the range of our trading tools, adding Hong Kong 50 (HK50), Spain 35 (IBEX35), and Italy 40 (IT40) indexes, and we have cancelled minimum deposit amounts in ECN accounts with increased accuracy of quoting.
We constantly strive to improve our services in accordance with the spirit of the time. As a result, at the end of summer we have launched a new high-technology user-friendly site with improved design and architecture.
Another global event took place in August 2016 when the company LiteForex Investments Limited merged with Mayzus Investment Company Limited. The latter was therefore renamed as "Liteforex (Europe) Limited". The merger resulted in setting up the single LiteForex group.
Liteforex (Europe) Limited (ex. Mayzus Investment Company Limited) is a Cyprus Investment Firm (CIF) founded in 2008 and headquartered on Cyprus. The firm acts according to Markets in Financial Instruments Directive (MiFID). Liteforex (Europe) Limited (ex. Mayzus Investment Company Limited) is reputed to offer professional services and a client-oriented approach worldwide.
Combining the efforts and expertise of the two prominent brokers, the LiteForex group will strive to stay one step ahead and improve the quality of its services even more.
In the year 2015, LiteForex celebrated its 10th anniversary in the Forex market. Ten years have passed since our company was set up and gradually proved to be a successful broker. We are proud to have celebrated our anniversary with our clients and partners. Our anniversary promotion LF 10th Birthday Promo allowed us to express our gratitude for your confidence with the help of pleasant monetary prizes.
In 2015, LiteForex improved greatly the quality of analytical materials by dropping the out-of-date Autochartist service and opting for the modern professional Claws&Horns portal. The beginning of this cooperation is worth a special mention since we got the fullest package of analytical materials we could. The high quality of our analytical materials is guaranteed by the professional independent team of authors that publishes the materials in over 10 languages. The service is provided to LiteForex's clients at no cost. Also, we updated the company blog and brought in the best authors from the economic and financial sector.
The "LiteForex analytics" freeware for Android and HTML5-based Metatrader 4 WebTerminal, which allows for one-click trading right within your browser, were also launched in 2015. LiteForex's PAMM system has been keeping the lead for several years, which is very important to us. That's why we’ve been trying hard to develop this service even more. In 2015, we optimised PAMM accounts management so that our investors can perform lots of account operations much quicker by grouping accounts into categories. Besides, the company simplified participation in our affiliate contests and developed more convenient Partner's profiles, which display all necessary statistics on referrals and provide access to all available promo-materials. The upgraded Partner's Profiles took into consideration our partners’ comments and wishes, so they received the most positive response.
We upgraded the system of our trading accounts by providing CENT, CLASSIC, ECN, and PAMM types, along with reduced spreads (fixed spreads from 2 points and floating spreads from 0.9 points), and we improved trading conditions in the ECN accounts.
We made deposits and withdrawals through payment systems more convenient, including automated fee refunds when depositing via Skrill and withdrawals onto bank cards for the deposits made through PayOnline, CardPay or Qiwi. We enlarged the list of payment systems for our clients to use and brought in a convenient and reliable aggregator Moneta.ru.
Following our clients' numerous requests, we launched individual courses "1х1 Education" so that our clients could master the trader profession in the shortest time with the help of competent and experienced Forex practitioners.
We raise the level of our services every year, not least due to enlarging the network of our worldwide representative offices. In 2015, LiteForex opened another 2 offices: in Nairobi, Kenya, and in Lagos, Nigeria. On 9th and 10th April, LiteForex had the honour to sponsor the 14th MENA FOREX Managed Funds and Investment Show in Dubai, UEA.
Besides its geographical expansion, LiteForex (ex. Mayzus) extends the range of activities by starting to provide liquidity to its institutional clients.
In the run-up to the New Year holidays we organized the New Year Promo 2015 contest and awarded our clients with a slew of precious prizes, confirming our focus on loyalty. Within the framework of the most awaited event of the year, Great Hundred Season 4, - LiteForex raffled a car Toyota VIOS, a motorbike Yamaha FZ150i, Apple Macbook Pro, 5 Apple iPhones 6, 5 Apple iPads Air, 5 Apple iPads Mini, 5 Apple iPods Touch, and 10 digital media players Apple TV. Proclaimed as the Best Innovative Broker at the second annual FOREX EXPO CONFERENCE AND EXHIBITIONS, we can deservedly pride ourselves on the year 2015 and continue our work in 2016 with even more inspiration.
Summing up the results of the past year is not only a way of informing our clients about completed tasks and achievements, but also a great opportunity to outline further development directions and improve the existing services.
In the year 2014, our list of trading tools and payment systems increased substantially. The service of automatic funds withdrawals now includes the Neteller payment system, our clients from Belarus can use the EasyPay method, Brazilian traders can top up their accounts via Transferência Bancária Brasil, and UnionPay was implemented specially for our clients from China. Another novelty is an opportunity of direct deposits via bank cards, which allowed LiteForex to refund clients for deposit fees.
In March 2014, the company organized a conference in Peru dedicated to global financial markets. One of the highlights of the conference was raising a flag of LiteForex in Machu Picchu. In the same month, we made a decision to support traders and partners of the ForexCent Company that had ceased business. Our company allowed ForexCent's former clients to continue trading without financial losses. We returned all funds kept in ForexCent's accounts to the clients and transferred all trades to LiteForex's servers. Our company was among the first to implement the online trading platform Sirix Web Trader. Besides, we offered our clients the Autochartist application designed for automatic forecasts of market evolution.
We also designed a number of new client loyalty services, such as Risk Free, a service refunding clients for losses of up to $250, and an updated version of our popular affiliate program "Bring a friend 2.0" that now provides multi-level unlimited earning opportunities. In the summer, we raffled a luxurious Mercedes Benz S400 along with other precious prizes within the framework of our large-scale contest World Challenge, which attracted over 3000 traders worldwide.
The creation of LiteForex's VIP club was a peculiar moment in LiteForex's history in 2014. The club allowed us to enlarge our clients' potential and vary the trading process for both beginners and professionals. The beginning of our cooperation with the Claws&Horns independent analytical portal is also worth a mention, as our clients are now able to access high quality analytical materials at no cost.
In the same year, the network of our representative offices was enlarged with the opening of an office in Benin City, Nigeria.
To recap, we are deeply satisfied with what was achieved in the year 2014, as we managed to confirm our reputation, reliability and future-oriented approach to providing Forex trading services.
One of LITEFOREX’s advantages over other brokerage companies is its client-focused approach that earned the award "Best Client's Service in Latin America", in 2012 from the international traders’ school Tutores-FX. Our client support service has been recognized as the best in Latin America, highlighting our potential for further development in the region. LITEFOREX also launched Chinese and Arabic versions of its official site to provide clientele with competent assistance in a variety of world languages.
LiteForex’s (ex. Mayzus) active expansion in Western Europe helps it win the "Fastest Growing STP Broker in Western Europe 2013" award from Global Banking & Finance Review.
For the third time we hosted the largest contest for Malaysian traders – the Great Hundred – and provided winners with prizes, such as a KIA FORTE 1.6SX, a motorbike Yamaha FZ150i, and an Apple MacBook Pro. Additionally, we launched a contest "WorldChallenge" with a grand prize of a Mercedes Benz S 400 hybrid. The winners of the first two stages were offered Apple iPhones 5 64GB, and modern tablet computers, as well.
The range of the company’s services continues to grow. We introduced a promotion "Deposit insurance" and made it possible for PAMM managers to trade BRENT and WTI. A new option became available in the framework of the "PAMM accounts" service – the rollover calendar.
Our lines of payment systems and financial tools become more varied: over 30 new instruments were introduced in 2013 – world indexes, precious metals (platinum and palladium), share CFDs of the biggest international and Russian companies.
Being always happy to help its like-minded friends, LiteForex (ex. Mayzus) became an official sponsor of box champion Mairis Briedis, one of the most professional Latvian boxers, and biathlete Gabriela Soukalova, Sochi’s silver medalist. Sportsmen and LiteForex’s team (ex. Mayzus) have first-hand knowledge of how to move forwards, be an example to follow and aspire to new records.
The LiteForex’s service quality is confirmed by 500 000 traders from the majority of countries. LiteForex constantly enlarges the list of payment systems and trading tools, opens new offices and improves the methods of interaction with its clients. New types of account are among the latest innovations: STP accounts enabling the clients to trade with interbank liquidity in МТ4 and segregated accounts assuring 100% protection of client’s funds. LiteForex regularly raffles cars, bikes and other precious prizes in the countries of the Asian region.
In 2011, to make mobile trading more convenient, LiteForex group of companies provided the terminal maintenance for Android, iOs and Blackberry, enlarged the list of payment systems, launched virtual private servers as well as the PAMM account service. The service was acknowledged as "Best PAMM service" according to the competent British magazine World Finance. The LiteForex Group raffled cars among its traders, launched contests for partners and a large-scale promotion "LFBoom", that more than 200000 traders worldwide took part in.
In the year 2010, LiteForex was awarded the "Affiliate Program Innovator" prize from ShowFX Asia for its multilevel affiliate program. At the same time, the list and the convenience of the company’s services went on expanding. The spread rebate system Multirebate, new types of account on another trading server MT4 with increased quote accuracy and floating spread, accounts operated through the new platform MetaTrader 5, multicurrency accounts – these were LiteForex’s innovations in that year. The LiteForex Group was the first to carry out demo contests with real money prizes on a permanent basis. The contest total prize amount is $127 000.
In 2009, LiteForex completed the development of new, safe and convenient Clients’ Profiles. The company pursued its world expansion, enlarging the list of its partners. Jointly with one of the biggest airlines, LiteForex carried out an unprecedented promotion "Lucky ticket", raffling a new sport car. Swap free accounts were introduced, the development of new services started.
In the year 2008 LiteForex became a member of the Russian Association of Financial Market Members (the RAFMM) and a sponsor of the ForexPeoples – the most popular portal in the CIS countries devoted to the Forex market. The company considerably extended the list of payment systems, improved client services by introducing the Call-back option. Five language versions were added to the company’s site. The list of currency pairs was extended and new types of account were introduced. The development of new Clients’ profiles started.
In 2007, LiteForex reached a new development stage and entered the Asian and Pacific internet trading markets. The company’s site was translated in 2 more languages, Malay and Chinese. At the same time, LiteForex started cooperation with the ForexPeoples, an independent Forex community. New trading instruments were introduced to extend clients’ opportunities – LiteForex indexes, which are the company’s own innovative product. Official representative offices in Asia and Africa were opened in May, 2007. Closer to the end of the year, the company’s site was translated into Arabic, Spanish, French, Portuguese and Persian, which made the cooperation between the native speakers of these languages and the company much easier. In Latin America and some Islamic countries there were opened representative offices. The clients also got the opportunity to trade via multiterminal and terminal for smartphones. By that time, the total number of the company’s clients had reached 75 000 traders.
In the year 2006, LiteForex opened new official offices in Russia and concluded an agreement with the DowJones information agency. In the same year, LiteForex significantly extended the list of services: there was introduced an affiliate program, a trading community where traders could communicate with one another or company’s representatives and share experience, a trading terminal for mobile trading; the clients also got the opportunity to open their own sites by use of the company hosting service. LiteForex also introduced the deposit interest charge system which enables clients to make profit even from the funds which are not used in trading. In the same year, LiteForex provided round-the-clock online customer support, which undoubtedly shows enormous attention that LiteForex devotes to its traders.
LiteForex’s history can be traced back to the year 2005. The company’s official opening took place on the 2th of July. The creation of a brokerage company that could rival existing companies and satisfy traders’ real requirements when working on the Forex international market was the initial concept. At the same time, LiteForex made a significant breakthrough in the brokerage service by introducing cent accounts with the minimum deposit of $1, while other companies strictly respected the Forex entrance threshold. This move made Forex available for potential investors and traders. The choice of MetaTrader as a trading platform that had already become popular worldwide also was a component of our success.