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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

3.9
/ 5

LITEFINANCE review

Updated on Mar 25, 2024
|
8 mins read

Overview

LiteFinance, previously known as LiteForex, is an international forex and CFD broker focused on offering tradable instruments of different asset classes ranging from Forex to spot stocks and...
See full overview for LITEFINANCE
Countries
+3
Devices
Our Verdict
3.9
/ 5
Commissions & Fees
4.3
/ 5
Deposit & Withdrawal
3.5
/ 5
Customer Support
4
/ 5
Account Opening
3.7
/ 5
Regulation & Safety
3.9
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • 24-hour support

  • Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions

  • Variety of deposit/withdrawal methods

  • Offers the latest analytical materials from Claws & Horns

  • Supports copy trading

Cons

  • VPS is not free of charge

  • A limited selection of tradable instruments

  • Unavailable to US retail clients

General details

Type of accounts
Unlimited Demo Accounts
Demo accounts (with a time limit)
Standard Accounts
ECN accounts
Swap free accounts
Execution Model
ECN
Deposit currency
USD
EUR
GBP
CHF
Regulatory complience
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Vietnamese
Spanish
Portuguese
Russian
Autotrading
Contact details
[email protected] +447520644437

Customer reviews

Overall
score
4.1
/ 5
138 reviews

Read real reviews from traders all over the world:

G
Guru Trader
8 agosto 2023
Advantages: Low spread
Disadvantages: Low number of cryptocurrency
Glad to trade hear, commissions low. Can trade with cryptocurrency on profitable conditions. Hope number of crypto instruments will increase
П
Петр Степанович
28 marzo 2023
Advantages: Нет проблем
Disadvantages: не выявил
С момента регистрации, а это более полу года назад ни каких проблем в работе этого брокера не выявил, в торговле и при работе с депозитом все гладко, социальный трейдинг крутейший и один из не многих по брокерам. Компанию советую, работают безупречно.
See all 138 customers reviews
Accounts

Type of Trading Accounts on LiteFinance

LiteFinance offers three types of accounts: ECN for experienced traders, Classic for regular traders, and Cent for beginners. They also offer Islamic (swap-free) versions of these accounts and demo trading accounts for beginners and those who want to test their trading strategies.

  • ECN: The ECN is the recommended account for pro traders. Its key features include 2.5% interest per annum on unused funds in your account, a $50 minimum deposit, and up to 1:100 leverage. It uses modern ECN technology to offer improved precision and direct access to the best market prices. Other features include fast market order execution (with no requotes), zero stop and limit levels, unlimited duration of transactions, and support for scalping and news trading. It also supports social trading for those who want to copy the trades of other successful traders or allow others to copy their trades. 
  • Classic: The classic trading account offers up to 1:1000 leverage and only requires a $50 minimum deposit. It is an excellent trading account for experienced and beginner traders ready to start trading significant capital. It offers fast market order execution (and no requotes), increased quoting precision, and no stop and limit levels. Its floating spread is designed to make it competitive for traders with extensive trade experience and a proven trading strategy.
  • Cent: The cent account is designed for beginners who want to wean off demo trading. It allows novice traders to trade in micro lots, eliminating the need for massive deposits. The minimum deposit for the Cent account is only $10; traders can get up to 1:200 using this account. Anyone looking to understand the psychology of trading using real money should use the cent account. It is a low-risk way to profit from the forex market and learn to handle challenges.
  • Demo Accounts: LiteFinance offers demo accounts to beginners and traders who want to test out strategies. The demo account replicates real-time market conditions and real-time prices so traders can learn how their trading strategy would fare in live trading situations. CENT accounts are available on demand to clients from Afghanistan, Brunei, Ghana, Iran, Malaysia, Nigeria, Philippines, Thailand, and Tanzania. Clients from other counties can also get a cent account by requesting via the company’s representatives.
  • Islamic Accounts: Traders who do not want swaps on their accounts can require Islamic accounts. Islamic accounts are available for the ECN, Classic, and Cent accounts. The only difference is that these Islamic accounts do not attract swap fees. Other conditions remain the same.
ECN - LiteFinance
Swap-free account
Availability of a VIP account
Phone trading
Scalping
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Cryptocurrencies
Stop Out
20%
Minimum position size
0.01 лотов
Maximum position size
100 лотов
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Classic - LiteFinance
Swap-free account
Phone trading
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5
Deposit currency
USD
EUR
CHF
GBP
Trading instruments
Cryptocurrencies
Stop Out
20%
Minimum position size
1 лотов
Maximum position size
100 лотов
Execution type
instant
Spread type
Floating
Decimal places
4
Margin Call
50%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Tradable instruments

Tradable instruments on LiteFinance trading platforms include:

Currencies
50
Commodities
5
Indices
10
Stocks
100
Frequently asked questions

Find the right answer to your question below.

Is LiteFinance a Scam?

No. LiteFinance is not a scam because it is registered per all legal requirements and regulations. The broker’s compliance is subject to external audits, and many expert financial publications recommend them for providing reliable brokerage services.

How do I open a LiteFinance forex trading account?

Visit LiteFinance and select Registration» from the menu at the top of the page.

LITEFINANCE compared with alternative brokers

To see the full broker review click «See review», to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
LITEFINANCE
  • Specialized trading accounts
  • 3.9
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