LiteFinance review

LiteFinance

LiteFinance (was LiteForex) na one online ECN broker wey don dey di Forex brokerage space since 2005. LiteFinance dey offer dia clients access to Tier 1 liquidity for diffrent markets like Forex currencies, commodities, stocks, and cryptocurrencies. Dis broker dey provide one safe and user-friendly online trading platform wey dey available for 15 languages, along with plenty tools for price chart analysis. Traders fit also use di popular MetaTrader 4 (MT4)  and MetaTrader 5 (MT5) platforms. LiteFinance dey try make demsef be provider of high performance, low spreads, market execution without requotes, professional support, and access to exclusive analytical materials and signals. For November 2021, di company change dia name to LiteFinance, as dem enter one new phase for development as dem focus for creating innovative financial and investment products. Some important features and benefits of LiteFinance na ECN technology, direct trading with liquidity providers, instant execution, no requotes or conflicts of interest, and no limitations for trading strategies. All strategies fit dey used for LiteFinance platforms, and EAs dey allowed. Dem also provide social trading platform for copying trades, one affiliate program wey get multilevel commissions, automated fund withdrawals, and easy registration process wey get low initial deposit requirements. Dis broker dey regulated by di Cyprus Securities and Exchange Commission (CySEC) and dem register for Saint Vincent and di Grenadines. Also, LiteFinance every time dey run demo contests wey get one 4000 USD prize, and dem dey give deposit bonuses to traders. Both di broker website and support dey available for 12 different languages. Di broker dey offer plenty support channels including live chat, Email support, hotline, and online form.  

Countries

Afghanistan, Albania, Algeria, Andorra +141 more

Regulations

CySEC

Account currencies

EUR, USD

Assets

CFDs on Stocks, Crypto CFDs, Energies, Indices, Precious metals

Platforms

MT4, MT5

Deposit methods

Bank Transfer, Boleto, Credit Card, Crypto, M-Pesa, Perfect Money, Alipay, African Mobile Money

Others

Segregated accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Lowest spreads, Micro Lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free

Promos

Demo tournaments

Visit broker

LiteFinance dey arrange for different trading styles with two account types wey dem design for scalpers, day traders, and swing traders. Dis account types na di ECN and classic accounts, wey both dey offer leverage up to 1:1000. E dey important make we note sey CySEC regulations kukuma limit leverage to 1:30, but depending on di jurisdiction, LiteFinance fit still provide leverage up to 1:1000. Di ECN account get floating spreads wey start from 0.0 pips. But, e get different trading commissions dem charge based on di instruments wey dem trade. For Forex majors, di commission na 10 USD per lot round turn, for Forex crosses na around 20 USD per lot, and Forex minors get commission of 30 USD per standard lot wey dem trade. E dey important to know sey dis commissions dey higher pass di industry average wey na 7 USD round turn, wey make trading with 0 spreads for LiteFinance platforms dey relatively more expensive. On di other hand, di classic account no get commission, but di spreads start from 1.8 pips, wey dey higher pass di industry average wey na 1 pip. Both trading accounts get moderate minimum deposit requirement of 50 USD, and LiteFinance still support Islamic accounts. LiteFinance provide plenty educational resources and market research tools. Traders fit access live webinars, glossaries, books, and trading strategies from expert traders. Di platform still provide economic calendars, analytics, calculators, and market news. Also, LiteFinance offer VPS services and copy trading options for investors, with comprehensive (FAQs) wey dey available. Overall, LiteFinance na one legit broker with enough experience and average trading conditions, especially for di people wey dey look for small initial deposit requirements.

FAQs about LiteFinance

LiteFinance broker na legit?

Yes, LiteFinance na legit broker wey dey regulate by CySEC. E don dey di brokerage space since 2005, wey make am qualify as legit broker wey get enough experience for di industry.

LiteFinance na safe?

LiteFinance dey provide one secure trading environment wey get regulatory oversight and strong security measures. Di broker dey offer negative balance protection, dem dey use segregated accounts, and dem be part of di investor compensation fund.

Wetin be di minimum deposit for LiteFinance?

Di minimum deposit for both ECN and Classic trading accounts for LiteFinance dey start from 50 USD. All deposit commissions go dey refunded back to di traders accounts and dem dey set automatic withdrawals.