LiteForex.org

I’m now a Forex trader thanks to LiteForex.org allowing trading to start from as low as USD1.00 deposit. Most forex trading platforms require starting deposit of USD200 with credit card or bank transfer payment. Two trading accounts are available, LITEForex and REALForex that are focused to both beginners and experts respectively. A demo account is also available for try outs and understand how the trading works before starting to inject real money into the trade. Account deposit ranges from USD1.00 to USD3000 for LITEForex account and from USD10 to unlimited for REALForex account. Read Trading Account Types for more information about the accounts.

Since last week I’ve been using the demo account to understand the trade and starting from Saturday I’ve opened a real LITEForex trading account and deposited USD5.oo from my PayPal account. Forex or currency trading is a risky business so I’m very cautious and only participate in trades that look promising. LiteForex.org make it possible for everybody to be a currency trader by allowing low account deposit and payment with credit cards or online money transfer services such as PayPal, Moneybookers, AlertPay and other services. Before anybody starting to join the program, note that as for now fund withdrawal is only payable to Paymer, MoneyBookers, and AlertPay, e-Gold, but not to PayPal. Hopefully they will upgrade the service and allow withdrawal to PayPal soon.

*Note:

Currently (April 2009) LITEForex accounts no longer support PayPal deposit but still accept Moneybookers and AlertPay.

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