LiteFinance is an established ECN broker that has been providing trading services since 2005. With a client base of over 500,000 traders worldwide, LiteFinance aims to make forex and CFD trading accessible to a global audience through its user-friendly platforms and diverse range of tradable instruments.
The company is owned by LiteFinance Global LLC and operates under registration number 931 LLC 2021 in St. Vincent & the Grenadines. Additionally, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 for clients in Europe. These regulatory measures ensure that LiteFinance adheres to industry standards and provides a secure trading environment for its clients.
| Accounts | Currencies | Min. deposit | Leverage | Starting Spreads | Demo Account | Rollover Free | Decimal Pricing | Commission per trade | Max. Lot Size Per Trade | Min. Lot Size Per Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| ECN | USD, EUR | $50 | 1:1000 - 1:1 | floating, from 0.0 points | Yes | Yes | From 0,25$ per lot2 | 100000 | 0.01 | |
| CLASSIC | USD, EUR | $50 | 1:1000 - 1:1 | floating, from 1.8 points | Yes | Yes | No | 100000 | 0.01 | |
| CENT1 | USD cents, EUR cents | $10 | 1:200 - 1:1 | floating, from 3 points | Yes | Yes | No | 1000 | 0.01 |
| Broker Type | Minimum Deposit | Forex Majors Spread | Maximum Leverage | Min. Trade Size | Scalping | Hedging | Free Demo | USA Traders |
|---|---|---|---|---|---|---|---|---|
| ECN, STP | $50 | 1:1000 | 0.1 lot | Yes | Yes | Yes | No |
LiteFinance offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are widely regarded as the best in the industry and offer a wide range of features and tools for traders of all levels. MT4 and MT5 are both available for desktop, mobile, and web-based trading.
LiteFinance offers a wide range of tradable instruments across various asset classes. This includes major, minor, and exotic currency pairs, commodities such as gold and oil, stock indices, and cryptocurrencies. The company also offers a variety of CFDs on popular assets.
LiteFinance is a well-regulated broker that is subject to the strict oversight of CySEC. This means that the company is required to maintain high levels of financial security and operational transparency. In addition, LiteFinance is a member of the Investor Compensation Fund, which provides up to €20,000 of protection to eligible clients in the event of the broker's insolvency.
| Supported Languages | English, Arabic, Indonesian, Khmer, Korean, Malay, Mongolian, Myanmar, German, Pashto, Persian, Polish, Portuguese, Russian, Swahili, Turkish, Thai, Italian, Urdu, Uzbek,French, Chinese (Traditional), Chinese (Simplified) |
| Customer Service By | Live Chat, Email, Call, Social |
| Service Hours | 24/5 |
| Email Response | Yes |
| One Click Trading | Yes |
| Stop Order | Yes |
| Limit Order | Yes |
| Trade off Charts | Yes |
| Market Order | Yes |
| 24hr Trading | Yes |
| Email Alerts | Yes |
| Trailing Stop Order | Yes |
| Charting Package | Yes |
| Mobile Alerts | Yes |
| OCO Orders | Yes |
| Streaming News Feed | Yes |
LiteFinance offers 3 main account types: the ECN account, the Classic account & the cent account. The ECN account is recommended for experienced traders who are looking for the lowest possible spreads. This account type offers direct access to liquidity providers and does not charge commissions. The Classic account is a good option for less experienced traders who are looking for a more affordable option. This account type does charge commissions, but the spreads are still competitive. And cent account is for newbies who just started live trading.
LiteFinance offers a variety of deposit and withdrawal methods to suit the needs of its global client base. These methods include credit/debit cards, bank transfers, e-wallets, and cryptocurrencies. The minimum deposit amount is $50 for all account types(as for cent accounts, they accept a $10 minimum deposit amount). Withdrawals are typically processed within 24 hours.
You can withdraw money from the trading account via your Client Profile in the "Finance" section, using the same payment systems that have been used to top up the account. Please take note of the Company’s AML Policy (the funds can be transferred to the same purse and in the same currency which has been used for making a deposit), and the level of verification required for different types of withdrawals.
Provided that all accounts belong to you and are located in the same Profile, a monetary transfer from one trading account to another can be carried out automatically in the Client Profile in the section "Metatrader". This type of transaction can be made by clients themselves without the help of the Company’s Financial Department. Money is transferred from one account to another instantly. The number of internal transfers is limited to 50 operations a day.
If you wish to earn with LiteFinance, you can choose one of the following types of partnership programs:
- CPS
All these programs provide different cooperation opportunities, that’s why you will find for sure the one that suits you best. Depending on your experience, potential and the expected result, you can choose any program which fits you best.
There are no limits on any type of account. The amount you need to conduct trading operations in accordance with your trading strategy in a comfortable way can be calculated using Trader’s Calculator. You can find more detailed information about the types of accounts on the page "Тypes of trading accounts"...
Withdrawal requests are processed manually by the Financial Department during its working hours. According to the Client Agreement, the transfer is performed on a first-come-first-served basis within 1 working day from the date of request. Kindly pay attention to the fact that if you use bank wire transfer, it can take up to 5 working days to process your transaction, depending on the operation speed of the sender’s and beneficiary’s banks.
This type of service ensures that some withdrawals are handled automatically, enabling to reduce the queue-list of withdrawal requests. You are entitled to carry out two instant withdrawals per day provided that the amount of these operations will not exceed 100$ and your Profile’s status is Confirmed. If the status of your Profile is Basic, then you will be able to carry out one instant withdrawal per day and the amount of your withdrawal shall not exceed 50$.
All the features of the service are set out here.
LiteFinance Investments Ltd, founded in 2005, is domiciled in Cyprus and regulated by CySEC. They also have a Marshall Islands branch which is subject to a more flexible, looser regulatory regime.
The LiteFinance brand was created in 2005 with an aim to provide a transparent and accessible trading opportunity to the world traders and investors.
LiteFinance offers excellent customer support through a variety of channels. Traders can contact the support team via live chat, email, or phone. The support team is available 24/7 and fluent in various languages.
Overall, LiteFinance is a good choice for traders who are looking for a reliable and well-regulated broker with a wide range of tradable instruments and competitive spreads. The company offers excellent customer support and a variety of deposit and withdrawal methods. However, traders should carefully consider their individual needs and trading style before making a decision.
Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.
| Malaysia
Being a trader who places a high value on transparency, LiteFinance has left me impressed with their approach. The platform delivers thorough and easily comprehensible information regarding their services, fees, and trading conditions. This transparency empowers me to make informed decisions, steering clear of any unexpected surprises in my trading journey. Kudos to LiteFinance for their commitment to openness!
26 Aug, 2024
| Mali
In my recent venture into trading with LiteFinance, the educational resources provided have proven invaluable in my learning journey. The platform offers an extensive array of educational materials, encompassing tutorials, webinars, and market analysis. Access to such a diverse range of resources significantly contributes to enhancing my trading knowledge and skills, making the overall experience highly beneficial.
26 Aug, 2024
| Turkey
Encountering occasional challenges with order execution speed has been a bit frustrating. Nevertheless, I appreciate LiteFinance's support team for their prompt attention to my concerns, offering effective solutions to enhance the situation. While acknowledging there's room for improvement, their commendable responsiveness and commitment to addressing issues have left a positive impression.
26 Aug, 2024
| Guinea
My experience with LiteFinance's educational resources has been consistently positive. Engaging in their webinars and tutorials has proven instrumental in broadening my knowledge base, empowering me to make more well-informed trading decisions.
26 Aug, 2024
| Barbados
The demo account provided by LiteFinance has played a pivotal role in assisting me in practicing and honing my trading strategies. This invaluable tool is particularly beneficial for beginners, offering a risk-free environment to gain hands-on experience without the pressure of using real money.
26 Aug, 2024
| Malta
LiteFinance's array of account types is designed to accommodate diverse trading styles, addressing the unique needs and preferences of traders. Whether you're a novice in search of a fundamental account or a seasoned trader in pursuit of advanced features, LiteFinance offers choices for all. The ability to pick an account that aligns with my trading style provides a remarkable sense of flexibility.
26 Aug, 2024
Send us a mail
Call or message in whatsapp
