LiteForex is one of few brokers that accept M-Pesa for deposits and withdrawals. Unfortunately, we don’t have any personal experience with LiteForex as we have with other forex brokers that accept M-Pesa, so we can’t recommend using LiteForex.
LiteForex and the use of M-Pesa
Here is some information about LiteForex and the usage of M-Pesa when trading with this broker. According to the LiteForex official website, the minimum deposit amount is 1 dollar. M-Pesa is supported on the LiteForex platform in Kenya as well as in Tanzania. The commission fee in Kenya is 0%* + 100 KES and in Tanzania 0%* + 2000 TZS. Since the commission fee is nearly a dollar, it makes only sense to deposit more than the minimum LiteForex deposit. M-Pesa deposits and withdrawals are processed on Liteforex instantly and the broker has a high autowithdrowals limit which is up to $2000 per day.