LiteFinance review by - TopAsiaFX

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.

LiteFinance Pros & Cons

Pros

  • 1:1000 leverage on Forex Trades,
  • Accept cryptocurrency,
  • Offered index chart

Cons

  • Litefinance doesn't accept PayPal,
  • Live chat is only available 24/5,
  • Does not accept U.S. traders

LiteFinance Account Types

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

Account Options

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 Trading Platforms, Fees & Regulation

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.

Regulation
  • ( CySEC,FCA, MI )
Fees
  • No
Platforms
  • MT4, MT5

LiteFinance Top Features

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 Compliance & Regulation

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.

LiteFinance Service Details

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

LiteFinance Trading And Investment Tools

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 Pricing

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.

Deposit and Withdrawal Options:

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.

 

Deposit Methods

Withdrawl Methods

FAQ Section

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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.

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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.

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If you wish to earn with LiteFinance, you can choose one of the following types of partnership programs:

CPS

Revenue share

Regional representative

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.

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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"...

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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.

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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.

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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.

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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 User Experience

Customer Support:

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.

Conclusion

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.

 

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User Reviews

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.

Philip Pitre

| Malaysia

LiteFinance's Transparent Approach Leaves a Lasting Impression.

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!

5

26 Aug, 2024

Peppin Casgrain

| Mali

Diverse Educational Offerings Enhance My Learning Journey with LiteFinance.

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.

5

26 Aug, 2024

Kalimac Proudfoot

| Turkey

Swift Resolution from LiteFinance's Support Team for My Concerns

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.

4

26 Aug, 2024

Jonatan Holmberg

| Guinea

A Positive Learning Journey with Its Educational Resources

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.

3

26 Aug, 2024

Emily Clark

| Barbados

The Demo Account: A Crucial Tool for Perfecting My Trading Strategies.

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.

3

26 Aug, 2024

Otho Gardner

| Malta

The Freedom to Select an Account Aligned with My Trading Preferences.

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.

5

26 Aug, 2024