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LiteFinance Review 2024

Last updated Jun 17, 2024
LiteFinance is trusted. Tested via live trading.

Highlights of LiteFinance

LiteFinance Logo
Register80% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexCommoditiesStocksIndices
Trading Platforms
MetaTrader 4MetaTrader 5cTrader
Deposit/withdrawal:
Neteller Logo
Skrill Logo
Perfect Money Logo
AdvCash Logo
Bank Transfer Logo
Swift Logo
Credit and Debit Cards Logo
compare LiteFinance trading accounts

LiteFinance is a global forex and CFD broker regulated in multiple jurisdictions, including CySEC (Cyprus) and the FSA (Saint Vincent and the Grenadines).

The broker actively invests in analytical and educational resources, providing its clients with access to an economic calendar, daily forecasts, and analysis from Claws&Horns. These tools can significantly aid traders in developing their trading skills and strategies. Additionally, LiteFinance offers 24/7 technical support, which is especially valuable for beginners.

Pros and Cons of LiteFinance

Pros

  1. A variety of analytical tools.
  2. Extensive educational materials.
  3. 24/5 technical support.

Cons

  1. High trading fees.
  2. Lack of certain trading assets.

LiteFinance Broker Overview

Foundation Year2004
Official Websitehttps://www.litefinance.org
Regulated in CountriesSaint Vincent and the Grenadines, CyprusMore Details
Minimum Deposit
  • 10 USD
Spreadfrom 0 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Commodities
  • Stocks
  • Indices
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
Email Support
  • clients@litefinance.com
  • trading@litefinance.com
Hotline Phones
Social Media

LiteFinance started its operations in 2005 under the brand "LiteForex." Since then, the company has been actively developing, striving to provide its clients with the most comfortable conditions for trading on the Forex market. Over the years, the broker has established itself as a reliable and stable partner, ensuring a high level of service.

LiteFinance is in the top 10 of the following ratings:

LiteFinance Review Summary

In compiling this review, we adhered to our unique evaluation methodology. This methodology represents a comprehensive approach to broker analysis based on a detailed examination of aspects such as trading conditions, platforms, analytics, education, and support.

We hope that this review will be helpful to you in choosing a broker for trading on the Forex market. Continue reading below to learn more about LiteFinance and determine if this broker is right for you.

Reliability and Regulation

Rating:4/5
Legal EntityRegulator

Broker LiteFinance is quite reliable and enjoys a good reputation among traders. This is mainly because the company is controlled by several regulators, guaranteeing client transparency and security.

One of the regulators of LiteFinance is the SVG FSA (Saint Vincent and the Grenadines Financial Services Authority). This body oversees the activities of financial institutions within the territory of Saint Vincent and the Grenadines. Although the SVG FSA is not considered the strictest regulator, its presence indicates that the broker commits to specific standards and rules, demonstrating its responsibility towards clients.

LiteForex (Europe) Limited is regulated by CySEC (Cyprus Securities and Exchange Commission), one of the most authoritative and respected financial market regulators in the world. The CySEC license confirms the company's compliance with high-security standards, transparency, and quality of service. A broker under the control of CySEC is obliged to follow strict rules, including those related to the segregation of client funds, deposit insurance, and provision of reporting.

Account Opening

Rating:5/5

The process of opening an account with LiteFinance is simple and fast.

Registration

To start working with LiteFinance, you must register an account to access the personal cabinet. However, there should be no problems with registration, as the procedure is standard, and an ordinary PC user can easily handle this task.

Thus, for registration, you need to:

  1. select your country of residence;

  2. enter your email or phone number;

  3. create a password;

  4. read and accept the terms of the "Client Agreement."

After completing the registration form, you must confirm your email or phone number.

There is also an option to log into your account using social networks (Google or Facebook).

Registration on LiteFinance
Registration on LiteFinance

Verification

An essential step in opening an account with LiteFinance is profile verification. This process allows you to confirm your identity and provides additional security for your account.

To start the verification process, go to the "My Profile/Verification" section and fill in all the address fields, including country, region, city, postal code, and address. These details must be current and match the information in your documents.

For identity verification, LiteFinance accepts color full-size copies of documents issued by your jurisdiction's government. This can be the first page of a domestic or international passport or a driver's license. The document must remain valid for at least 6 months after the application is submitted and contain the expiration date.

To confirm your address, you can use a passport page with registration, utility bills not older than three months, a statement from an internationally recognized organization for provided services, or a bank statement. Please note that mobile phone bills are not accepted.

Client's Area

When you access your profile, the system offers to select trading conditions, then choose an account from those provided by the broker (select the base currency, download, and install the trading platform on your device).

In the personal account, you can:

  • review the transaction history;
  • withdraw funds;
  • change settings;
  • contact support service;
  • learn about financial market news;
  • view the trading history;
LiteFinance Client's Area
LiteFinance Client's Area

Minimum Deposit

Depending on the selected account type, the minimum deposit requirements at LiteFinance brokerage vary. If you choose an ECN or Classic account, you must make a minimum deposit of $50. These accounts are usually preferred by more experienced traders who are ready to work with more significant sums.

At the same time, if you are new to trading or wish to start with a smaller amount, LiteFinance offers a Cent account. To open such an account, it is sufficient to deposit just $10. This option is perfect for beginner traders, allowing them to test their skills in financial market trading with minimal risks.

Account Types

Rating:5/5

The variety of accounts and services LiteFinance offers makes this broker suitable for most traders.

Trading Accounts

ECNCLASSICCENT
Account CurrencyUSD, EURUSD центы, EUR центы
Minimum Deposit50 $10 $
Trading PlatformsMetaTrader 4MetaTrader 5cTraderMetaTrader 4MetaTrader 5
Spreadfloatingfrom 0 pipsfor EURUSD~ 0.2 pipsfloatingfrom 1.8 pipsfor EURUSD~ 2 pipsfloatingfrom 3 pipsfor EURUSD~ 2 pips
Commission per Tradeper 1 lot5 $
Trading AssetsForexCommoditiesStocksIndices
Opened Positionsup to 500up to 300
Leverage1:1-1:10001:1-1:200
Margin Call / Stop Out100% / 20%100% / 50%
Order ExecutionECNSTP
Demo Account
Islamic Account
RegisterRegisterRegister

LiteFinance offers its clients various trading accounts to meet the needs of traders with different levels of experience and capital. Here are the main types of accounts available on the LiteFinance platform:

  1. Classic account (CLASSIC). This type of account is suitable for beginners and experienced traders with moderate capital. It offers spreads from 1.8 pips, leverage up to 1:1000, and the ability to trade micro, mini, and standard lots.

  2. ECN account (ECN). This type of account is intended for professional traders who prefer trading with the lowest possible spreads and fast order execution. ECN account offers spreads from 0 pips, a commission on turnover, and leverage up to 1:1000.

  3. Cent account (CENT). This is the ideal choice for beginners and those traders who want to test new strategies with minimal risk. Cent account offers spreads from 3 pips, no commission, and leverage up to 1:200. an essential advantage of this type of account is that the minimum deposit is just $10, making it accessible to many traders. The base currency on such an account is calculated in cents, which allows traders to manage their risks even more effectively.

Demo Account

LiteFinance allows its clients to open a demo account based on an ECN account. A demo account is a virtual account where traders can trade using virtual funds. This allows beginners to familiarize themselves with the trading platform's features and learn the basics of trading in the Forex market without the risk of losing real funds.

A demo account is also helpful for experienced traders who want to test new trading strategies or tools before applying them to a real account.

Opening a demo account at LiteFinance usually happens quickly and does not require the provision of detailed personal information. After registering a demo account, you will gain access to the trading platform with a virtual balance, which can be used for practice and honing trading skills.

Islamic Account

LiteFinance cares about its clients and considers their various needs, including religious ones. The broker offers a particular type of trading account - the Islamic account, also known as a Swap-Free account. This account is exempt from the accrual or deduction of fees for carrying over an open position to the next day.

This type of account was created for clients who, for religious reasons, cannot participate in transactions involving the payment or receipt of interest. This account is mainly chosen by Muslim traders who observe Sharia laws, where interest accruals are considered "riba" and prohibited.

Opening an Islamic account at LiteFinance is quite simple. You need to go to the "My Profile" section, proceed to "Verification," and in the line "Application for Islamic Account," click "Fill out." After accepting the terms and submitting the application, the company will review it. However, it should be noted that applying does not guarantee the automatic conversion of your accounts to the Swap-Free category. The broker makes this decision at its discretion.

Copy Trading System

LiteFinance offers its clients a copy trading platform that automatically copies the trading operations of successful traders. This allows clients to profit from their strategies without the need to conduct in-depth market analysis and make trading decisions on their own.

Popular traders for copying trades on LiteFinance
Popular traders for copying trades on LiteFinance

The copy trading system works as follows:

  1. Strategy Selection. Clients can view the ranking of experienced traders who offer their trading strategies for copying. The ranking indicates the trader's duration of operation, profitability, risk statistics, and other information that helps to select the most suitable trader for copying.

  2. Setting Parameters. After selecting a strategy, the client can set the copy trading parameters, such as the copy ratio, maximum loss, and maximum profit when copying trades.

  3. Automatic Copying. Once all parameters are set, the selected trader's deals are automatically copied to the client's account in real-time. This allows for profiting from successful strategies without the need to manage trades independently.

  4. Monitoring and Control. Clients can monitor the progress of the trade copying and, if necessary, interrupt the process or change the copying parameters. This provides additional control and flexibility in risk management.

The copy trading system from LiteFinance provides an opportunity to access the experience and knowledge of professional traders, simplifying the Forex trading process for beginners and busy investors. However, it should be remembered that copy trading does not guarantee profit, and it is necessary to consider the risks associated with Forex trading.

Information about the trader before copying trades on LiteFinance
Information about the trader before copying trades on LiteFinance

Contests

LiteFinance regularly holds Forex contests for its clients to stimulate trading and attract new traders.

Currently, the following contests are being held:

  1. Best of The Best Contest. LiteFinance conducts a monthly contest on demo accounts with a prize pool of $10,000.

  2. Successful Partner. A monthly contest for LiteFinance partners with a prize pool of $2,500.

Contests on LiteFinance
Contests on LiteFinance

Current promotions and contests may change over time, so following the company news and visiting their official website is recommended to stay informed about the latest offers and campaigns.

Promotion: Trade Smart

LiteFinance offers a unique promotion for its clients - Trade Smart. The broker promises to add 50% of your deposits as real funds to your ECN account when you deposit at least 100 USD and use the promo code TRADESMART.

Promotion Trade Smart on LiteFinance
Promotion Trade Smart on LiteFinance

Promotion Terms

To participate in the promotion, you must meet several conditions within 30 days:

  1. Earn a profit on closed positions that is at least 50% of the amount of your deposits.
  2. Close a trading volume that is no less than 2% of the amount of your deposits.
  3. Ensure the floating loss does not exceed 20% of the current account balance.
  4. Make sure that the maximum loss does not exceed 70% of the amount of your deposits.
  5. Do not use more than 30% of the account funds as a margin for open trades.

If you successfully meet these conditions, you will receive a reward of 50% of the amount of your deposits. These are real funds that can be used for trading and can be withdrawn without restrictions. For example, with a deposit of 10,000 USD and a profit of 5,000 USD or more, your reward will be 5,000 USD or more.

How to participate in the promotion?

To participate in the Trade Smart promotion, follow these simple steps:

  1. Register with LiteFinance.
  2. Open an ECN MT4 trading account.
  3. Deposit at least 100 USD using the promo code TRADESMART.
  4. Trade for 30 days, fulfilling the above conditions.
  5. Receive your reward!

The Trade Smart promotion is an excellent opportunity for traders to increase their investments and gain additional funds for trading.

VPS Servers

LiteFinance offers a Virtual Private Server (VPS) service for those who use automated trading systems such as Expert Advisors on the MetaTrader platform. VPS servers provide a more stable and reliable connection to the trading platform, helping to avoid issues related to connection interruptions or computer shutdowns.

VPS servers benefit traders employing algorithmic trading, as they ensure faster order execution and minimize slippage. Additionally, VPS servers enable round-the-clock operation of trading advisors, even when your computer is turned off or has no internet access.

LiteFinance offers the following VPS plan:

  • Cost: $15 per month

  • OS: Windows Server 2012

  • CPU: 1100 MHz

  • RAM: 1024 MB

  • HDD: 25 GB

Commissions

Rating:1.5/5

LiteFinance's commissions can be characterized as high. In addition to high trading fees, an inactivity fee can negatively impact clients whose accounts remain inactive for an extended period. The only advantage is the absence of deposit and withdrawal fees.

Trading Commissions

LiteFinance's trading commissions vary depending on the account type and may include transaction fees, spreads, and swaps.

Transaction Fee

On ECN accounts, the broker charges a commission of $10 per lot on the Forex market. This is higher than the market average and can be a significant factor for active traders.

Below is the commission per lot (one-way) for the EURUSD pair at different Forex brokers:

BrokerIC MarketsRaw SpreadPepperstoneRazorLiteFinanceECNRoboforexECNFxProStandard
Commission per lot$3.5$3.5$5$2.16$0.00

Spreads and Swaps

On standard accounts, the central trading commissions are spreads and swaps. These commissions are also higher than those of many competitors, making comparing terms with other brokers essential.

Below is a table of the average spread and swaps for major currency pairs on a standard LiteFinance account.

AssetAverage spreadSwap longSwap short
AUDUSD2.3 pips-3.02 pips1.42 pips
EURUSD2.2 pips-8.40 pips1.10 pips
GBPUSD2.4 pips-2.65 pips0.86 pips
NZDUSD2.6 pips-1.68 pips-0.84 pips
USDCAD2.6 pips-0.58 pips-2.54 pips
USDCHF2.2 pips1.70 pips-13.20 pips
USDJPY2.4 pips11.26 pips-24.75 pips

Inactivity Fee

LiteFinance has established an inactivity fee charged if there have been no open positions or balance operations on the trading account for the last 60 days. Such an account is classified as "Dormant," and the broker charges a fee of $10 (or the account currency equivalent) every 30 days. If the account balance does not allow the total cost to be deducted, the client is not required to compensate for the shortfall.

Deposit and Withdrawal

Rating:5/5

LiteFinance offers its clients various convenient and secure account funding and withdrawal methods.

Below are the main methods available for use.

Account Funding Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
NetellerNeteller
USDEUR
0%
from 10 USDfrom 10 EUR
SkrillSkrill
USDEUR
0%
from 10 USDfrom 10 EUR
Perfect MoneyPerfect Money
USDEUR
0%
from 10 USDfrom 10 EUR
AdvCashAdvCash
USDEUR
0%
from 10 USDfrom 10 EUR
Bank TransferBank Transfer
USD
0%
from 1 USD
SwiftSwift
USD
0%
from 100 USD
Credit and Debit CardsCredit and Debit Cards
USDEUR
0%
from 10 USDfrom 10 EUR
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 10 USD
Логотип Bitcoin CashBCH (Bitcoin Cash)BCH
0%
from 10 USD
Логотип EthereumETH (Ethereum)ERC20
0%
from 10 USD
Логотип LitecoinLTC (Litecoin)LTC
0%
from 10 USD
Логотип TetherUSDT (Tether)TRC20
0%
from 10 USD
Логотип TetherUSDT (Tether)ERC20
0%
from 10 USD
Логотип RippleXRP (Ripple)XRP
0%
from 60 USD
Логотип ZcashZEC (Zcash)ZEC
0%
from 130 USD
Логотип MoneroXMR (Monero)XMR
0%
from 10 USD

When making a deposit, the company covers all payment system fees.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
NetellerNeteller
USDEUR
2%
from 2 USDfrom 2 EUR
SkrillSkrill
USDEUR
1%
from 1 USDfrom 1 EUR
Perfect MoneyPerfect Money
USDEUR
0.5%
from 1 USDfrom 1 EUR
AdvCashAdvCash
USDEUR
0.5%
from 1 USDfrom 1 EUR
QiwiQiwi
RUB
4%+ 1 RUB
from 105 RUB
YooMoneyYooMoney
USD
3%
from 1 USD
Bank TransferBank Transfer
USD
0%
from 1 USD
SwiftSwift
USD
0%
from 100 USD
Credit and Debit CardsCredit and Debit Cards
USDEUR
3.5%
from 10 USDfrom 10 EUR
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0.5%
from 0.00021 BTC
Логотип Bitcoin CashBCH (Bitcoin Cash)BCH
0.1%
from 1 USD
Логотип LitecoinLTC (Litecoin)LTC
0.1%
from 0.0011 LTC
Логотип EthereumETH (Ethereum)ERC20
0%
from 1 USD
Логотип TetherUSDT (Tether)ERC20
0.5%+ 10 undefined
from 12 USD
Логотип TetherUSDT (Tether)TRC20
0%+ 1 undefined
from 2 USD
Логотип RippleXRP (Ripple)XRP
1.1%+ 0.1 XRP
from 51 XRP
Логотип ZcashZEC (Zcash)ZEC
2.8%
from 0.2 ZEC
Логотип MoneroXMR (Monero)XMR
0.9%
from 1 USD

Please note that different fees and limits may apply for each of the listed methods by the payment systems, so it is recommended to review the details on the official LiteFinance website or consult their support service before choosing a method for funding or withdrawal.

LiteFinance does not charge any fees for fund withdrawal. Withdrawal period - from 1 to 3 banking days.

Zero Fees Promotion

LiteFinance always strives to provide maximum convenience and benefit for its clients. In this context, the company offers a ZERO Fees promotion, which implies a full reimbursement of payment system fees when funding a trading account.

By depositing into their LiteFinance trading account, clients automatically receive a refund of the fee they initially paid to the payment system. Thus, clients can use their funds for trading more efficiently, as the deposit fee is now returned directly to the balance of their trading account.

It is important to note that to receive a refund of the commission for deposits made via bank transfer; clients must contact the company's finance department within two weeks of sending the deposit and provide a copy of the payment confirmation.

The promotion is based on the company's loyalty to its clients and operates automatically for most payment systems and cards. However, commission refunds for deposits made using cryptocurrencies are not provided.

In addition, LiteFinance reserves the right to refuse compensation for payment system commissions at its discretion. Commission compensation may be revised if the commissions paid by the client during trading are less than the amount of the commission refunded.

Markets and Products

Rating:4.2/5

On the LiteFinance platform, traders can trade a wide range of trading assets, which allows them to diversify their portfolios and implement various trading strategies.

What markets are available?

Here are the main types of trading assets available for trading on LiteFinance:

BrokerIC MarketsLiteFinancePepperstone
Forex615797
Precious Metals7520
Energy Carriers534
Soft Commodities8516
Indices251526
Stocks2175443986
ETF38108
Bonds10
Cryptocurrency216330

Thus, LiteFinance offers its clients a variety of instruments for trading, which allows them to adapt to different market conditions and implement numerous trading ideas. Although the markets and products are sufficient for most traders, it cannot be overlooked that such categories as soft commodities and cryptocurrencies are missing.

Leverage

Leverage in trading is a tool that allows investors to increase their market exposure beyond the initial investment (the margin). However, while leverage can magnify profits, it also increases the potential for higher losses. Therefore, it's crucial for traders to use leverage cautiously and to understand the risks involved.

LiteFinance's leverage varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:30
Precious Metals
1:20
Energy Carriers
1:10
Indices
1:20

Trading Platforms

Rating:5/5

LiteFinance offers the two most popular and reliable platforms for Forex trading - MT4 and MT5, as well as the cTrader ECN trading platform and web terminal, which increases accessibility for users of different operating systems.

What trading platforms are available?

  1. MetaTrader 4 (MT4). MT4 is one of the most popular and reliable trading platforms in the Forex market. It offers various trading tools, chart analysis, indicators, scripts, and Expert Advisors for automated trading. MT4 is available for download on a computer and versions for mobile devices based on Android and iOS.

  2. MetaTrader 5 (MT5). MT5 continues the MetaTrader series, offering even more advanced features and tools for traders. The platform includes all the advantages of MT4 but also provides enhanced capabilities for technical analysis, economic news processing, and order execution. MT5 is also available for computer and mobile devices based on Android and iOS.

  3. cTrader. cTrader is an advanced trading platform designed for the Forex and CFD markets that provides traders with an extensive set of tools for technical analysis, algorithmic trading, and execution. It is characterized by its fast order execution speed, pricing transparency, and user-friendly interface. cTrader is available in a web-based version that works without installing additional software, is supported by all operating systems, and is supported by mobile apps for Android and iOS. The platform also offers innovative features such as stop-loss and take-profit levels that can be set directly on the chart and support trading based on market depth (Level II pricing).

  4. Web Terminal. The web terminal allows traders to trade directly from a web browser without installing additional software. The LiteFinance web terminal offers most of the features available in the desktop versions of the MT4 and MT5 platforms and is compatible with any operating system, including Windows, macOS, and Linux.

The choice of trading platform depends on the trader's preferences, experience, and functional requirements. LiteFinance provides various options for its clients' convenience so that everyone can choose the right Forex trading tool.

LiteFinance MT5 Terminal
LiteFinance MT5 Terminal

Analytics

Rating:5/5

LiteFinance offers its clients a wide range of analytical tools and resources, which help traders make informed trading decisions and develop successful strategies.

What analytical materials are available?

  1. Economic Calendar. This tool allows traders to track critical economic events and releases that can affect the Forex market. The calendar includes information about the timing, date, and expected impact of each event and provides forecasts and actual data.

  2. Daily Forecasts. LiteFinance offers daily forecasts for major currency pairs and commodities based on technical and fundamental analysis. These forecasts can be helpful for traders looking for trading ideas and wanting to stay informed about current market trends.

  3. Analytics from Claws&Horns. LiteFinance collaborates with Claws&Horns to provide its clients with quality analytics and expert opinions on the Forex market. This includes technical analysis, market reviews, news, and more.

  4. Trader's Calculator for trade calculations. This tool allows traders to calculate potential profit and loss from trades and determine position size, stop-loss, and take-profit levels. The Trader's Calculator can help assess risks and develop capital management strategies.

  5. Fibonacci Calculator. The Fibonacci Calculator, a popular tool in technical analysis, helps identify support and resistance levels based on the Fibonacci sequence. This calculator can help determine potential entry and exit points for trades.

  6. Currency Rates. LiteFinance provides up-to-date currency rates for all currency pairs traded on the platform. Currency rates are updated in real-time, allowing traders to navigate the current market situation.

  7. Economic News. LiteFinance offers economic news that can affect the Forex and other financial markets. Economic news allows traders to stay informed about events that can cause changes in currency rates and make timely trading decisions.

By using the analytical tools and resources provided by LiteFinance, traders can improve their skills, develop effective trading strategies, and increase their chances of success in the Forex market.

Analytics on LiteFinance website
Analytics on LiteFinance website

Education

Rating:5/5

LiteFinance offers comprehensive educational resources and tools that help traders of various experience levels develop their skills and knowledge about the Forex market.

What educational materials are available?

  1. Educational courses for traders of different levels. LiteFinance offers academic courses covering various Forex trading aspects, from basics to advanced strategies. The classes contain theoretical and practical materials, allowing traders to acquire all the necessary knowledge for successful trading.

  2. Webinars. LiteFinance regularly conducts webinars on various topics related to Forex trading. Webinars allow traders to learn new strategies, get expert opinions, and ask questions to experienced traders and analysts.

  3. Forex books. The company offers a collection of Forex books covering various topics, such as technical and fundamental analysis, trading psychology, risk management, and much more. Forex books help traders deepen their knowledge and become more successful.

  4. Glossary. The glossary contains definitions of key terms and concepts related to Forex trading. This tool is a valuable reference for beginner traders just getting acquainted with the Forex market.

  5. Library of trading strategies. LiteFinance provides its clients with access to a library of trading strategies, including various trading approaches, such as scalping, swing trading, news trading, etc. Traders can use these strategies as a starting point for developing their trading methodologies.

By using the educational resources and tools provided by LiteFinance, traders can continuously develop their skills and knowledge, increasing their efficiency in the Forex market and improving their trading results. Education and development are vital factors for success for any trader, and LiteFinance provides all the necessary resources to support this process.

LiteFinance Webinars
LiteFinance Webinars

Customer Support

Rating:4.8/5

LiteFinance technical support operates at a high level, providing its clients with quality and timely assistance on various Forex trading issues. Contact details:

  • Email: clients@litefinance.com
  • Skype: liteforex.support
  • Telegram: LiteFinanceSupport
  • Phone: +447520644437

The support service is available 24/5, from 00:00 Monday to 23:59 Friday (GMT+2). During this time, operators are ready to answer questions about trading, platforms, account funding, and other aspects of working with the company.

Conclusion

LiteFinance is a broker that actively invests in analytical and educational resources, providing its clients access to the economic calendar, daily forecasts, and analytics from Claws&Horns. These resources can significantly assist traders in developing their trading skills and strategies. The 24/7 technical support ensures that help is always on hand when needed, which is especially valuable for beginners and those who trade in various markets worldwide.

LiteFinance will be most suitable for beginner and intermediate-level traders who can make the most of the educational and analytical resources offered. It will also suit those who prefer to use standard trading platforms and do not plan to trade cryptocurrencies or soft commodities actively.

FAQ

Is LiteFinance legit?

Yes, LiteFinance is a legitimate broker. It is regulated in multiple jurisdictions, including CySEC (Cyprus) and the FSA (Saint Vincent and the Grenadines).

Which country is LiteFinance from?

LiteFinance operates globally but is registered in Saint Vincent and the Grenadines.

Is LiteFinance an ECN broker?

Yes, LiteFinance offers ECN (Electronic Communication Network) trading accounts.

How does LiteFinance make money?

LiteFinance makes money through spreads, commissions, and various fees associated with trading and account management.

Is LiteFinance good for beginners?

Yes, LiteFinance is suitable for beginners as it provides a wide range of educational resources and 24/5 technical support.

Does LiteFinance offer a demo account?

Yes, LiteFinance offers a demo account for traders to practice and develop their trading strategies without risking real money.

How can I open an account with LiteFinance?

To open an account with LiteFinance, you need to visit their website, complete the registration form, verify your identity, and fund your account.

How can I delete my LiteFinance account?

To delete your LiteFinance account, you need to contact their customer support team and request the account closure. Ensure all funds are withdrawn before initiating the closure.

What is the minimum deposit for LiteFinance?

The minimum deposit for LiteFinance varies depending on the account type, but it typically starts at $50.

What is the maximum leverage on LiteFinance?

The maximum leverage offered by LiteFinance is 1:1000.

How do I deposit funds in a LiteFinance account?

You can deposit funds into your LiteFinance account using various methods, including bank transfers, credit/debit cards, cryptocurrencies, and electronic payment systems.

How do I withdraw money from LiteFinance?

To withdraw money from LiteFinance, log into your account, navigate to the withdrawal section, select your preferred withdrawal method, and follow the instructions provided.

Does LiteFinance provide VPS?

Yes, LiteFinance provides VPS (Virtual Private Server) services to ensure stable and uninterrupted trading.

Is LiteFinance suitable for scalping?

Yes, LiteFinance is suitable for scalping, offering fast execution speeds and competitive spreads.

Is LiteFinance suitable for auto-trading?

Yes, LiteFinance supports auto-trading through various platforms and tools, including MetaTrader 4 and MetaTrader 5.

Is LiteFinance suitable for hedging?

Yes, LiteFinance allows hedging, enabling traders to manage their risk effectively.

Is LiteFinance suitable for spread betting?

No, LiteFinance does not offer spread betting services.

Visit LiteFinance80% of retail investors lose money when trading CFDs with this broker

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.