LiteFinance review

LiteFinance (was LiteForex) is an online ECN broker that has been on the Forex brokerage scene since 2005. LiteFinance offers its clients access to Tier 1 liquidity in various markets such as Forex currencies, commodities, stocks, and cryptocurrencies. The broker provides a safe and user-friendly online trading platform available in 15 languages, along with a range of tools for price chart analysis. Traders can also use the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. LiteFinance tries to establish itself as a provider of high performance, low spreads, market execution without requotes, professional assistance, and access to exclusive analytical materials and signals. In November 2021, the company rebranded to LiteFinance, entering a new phase of development focusing on creating innovative financial and investment products. Some notable features and benefits of LiteFinance include ECN technology, direct trading with liquidity providers, instant execution, no requotes or conflicts of interest, and no limitations on trading strategies. All strategies can be used on LiteFinance platforms, and EAs are allowed. They also provide a social trading platform for copying trades, an affiliate program with multilevel commissions, automated fund withdrawals, and a quick and easy registration process with low initial deposit requirements. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is registered in Saint Vincent and the Grenadines. Additionally, LiteFinance periodically offers demo contests with a prize of 4000 USD and deposit bonuses for traders. Both the broker’s website and support are offered in 12 different languages. The broker offers multiple support channels including live chat, Email support, hotline, and online form.