MFSAMongoliaTier 2Licence number
093/08
View licence record- Licence holder
- Held by LiteForex
- Licence type and regime
- Market Making(MM)
Not checkedUpdated
At a glance
Regulation on record for LiteForex
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
LiteForex has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for LiteForex, strongest authority first.
1 record
- MFSAMongoliaTier 2
Protection
What this licence protects
MFSA's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Negative balance protection
- Complaints routeMFSA Complaints Office
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by LiteForex
Answered from the register entries on this page.
Most Popular Questions
LiteForex prohibits clients from the USA, North Korea, Iran, and other sanctioned countries from opening accounts. The broker operates globally but excludes these jurisdictions in compliance with regulatory and sanction requirements.
Yes LiteForex (LiteFinance) does require KYC verification.
The minimum deposit at LiteForex is $50 USD. Clients can fund their accounts using various methods including bank wire transfer, Visa and MasterCard, Neteller, Skrill, Perfect Money, cryptocurrencies, M-Pesa, and WebMoney. Most payment methods have no deposit or withdrawal fees, and processing times vary from instant to a few days depending on the method.
LiteForex provides access to MetaTrader 4 and MetaTrader 5 platforms, both available as desktop and web trader versions. These platforms support multiple asset classes including forex, stocks, and futures, and offer advanced charting, automated trading, and fast execution. They are developed by MetaQuotes Software Corp and are widely used in the industry.
LiteForex (Europe) LTD is regulated by the Malta Financial Services Authority (MFSA), an onshore regulator. Client funds are insured up to €20,000 under the Investor Compensation Fund (ICF), offering protection in case of broker insolvency. The broker operates under a Market Making license and complies with high transparency and regulatory standards.
LiteForex has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
LiteForex holds licence records issued by MFSA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by LiteForex comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by LiteForex has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
LiteForex has licence records in Mongolia. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.