LiteFinance

Reviewed broker: LiteFinance (previously known as LiteForex)

Established in 2005 

Operated by: LiteFinance Investments Limited (Marshal Islands), LiteFinance Europe Limited (previously known as Mayzus Investment Company)

Regulation:  Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID).

Location: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 with offices in Bulgaria, India, Indonesia, Malaysia, Pakistan, Russia, Thailand

In March 2023, Litefinance announced the registration of the Intellectual Property Office of Vietnam (WIPO IP VIET NAM) with certificate number 440462 and publication number 4-2021-17734.

USA traders: not accepted

Note: In addition to USA traders, LiteFinance does not provide services for residents of Israel, Belgium and Japan.

LiteFinance offers its clients a set of trading instruments under advantageous conditions of margin trading, including:

• Big list of major and exotic currency pairs and cross-rates;
• Precious metals: gold and silver;
• Wide choice of CFDs on shares – blue chips – listed on the world’s biggest stock exchanges (NYSE, NASDAQ);
• Leading American, European, Australian and Asian stock indexes;
• Cryptocurrency;
• Brent and Crude oil.

Awards

Best Forex Brokerage Company in MENA 2023

Best ECN Broker in Asia 2023

Best Trading Account for Beginners 2023

Top 100 trusted Forex brokers in the Middle East

One of the most significant achievements of LiteFinance in 2022 was the award “The Best ECN Broker of the Year in the Middle East“.

LiteFinance received the Global Brands Magazine Award for 2022 for technological achievements in Asia. 

In 2022, the British publication Global Brands noted the success of LiteFinance in providing new technologies in online commerce. 

LiteFinance was recognized as the Best Retail Forex Broker of the year at Smart Vision Investment EXPO-2022, the largest financial expo that took place in Cairo and Alexandria on 5 and 6 November 2022. 

Why do more than half million traders choose LiteFinance as their Forex provider?

LiteFinance is a reliable Company with a flawless reputation that has worked in the sphere of Forex trading since 2005. LiteFinance owes its leadership to its multiple advantages that set it apart from most brokers.

• Up-to-date, technologically advanced services;
• Advantageous trading conditions, low spreads and high speed of execution of trading orders.

Set up in 2005, our Company proved to be a trustworthy broker and came to the fore of the financial world. We know that traders choose LiteFinance as we never rest on our laurels despite all our achievements and success. We regularly implement new services, develop the network of our representative offices worldwide and increase our clients’ potential in the Forex currency market.

LiteFinance offers its clients a set of trading instruments under advantageous conditions of margin trading, including:

• Big list of major and exotic currency pairs and cross-rates;
• Precious metals: gold and silver;
• Wide choice of CFDs on shares – blue chips – listed on the world’s biggest stock exchanges (NYSE, NASDAQ);
• Leading American, European, Australian and Asian stock indexes;
• Cryptocurrency;
• Brent and Crude oil.

Trading Platforms

Most popular professional trading platforms MetaTrader 4 and MetaTrader 5 and their mobile and web versions

Metatrader 4

MetaTrader 4 is a popular Forex trading and analysis platform, which allows trading currencies, shares, precious metals and CFD on stock indices. In this section, LiteFinance clients can download MetaTrader 4 trading platform and its mobile applications for PDA, iPhone®, iPad ™ and Android. 

Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world. MetaTrader 4 is suited for all types of LiteFinance accounts.

Metatrader 5

MetaTrader 5 is a new version of the popular forex trading platform that possesses increased functionality and an enlarged set of tools. The section provides not only the distribution kit of the MT5 platform for a desktop computer, but also the MT5 mobile application for iPhone®.

cTrader Trading Platform

cTrader is a popular trading platform for trading Forex and CFDs. It can boast numerous features, including a user-friendly interface, advanced chart drawing tools, fast execution, level II Market Depth, Autochartist, and extended algorithmic trading options.

cTrader is an advanced trading platform for real-time Forex and CFDs trading. It offers a user-friendly interface, extended chart-building and algorithmic trading options, and direct market access for beginner and experienced traders.

MT4 and cTrader have their unique advantages. MT4 owes its popularity to its large user base and flexible settings. cTrader boasts a user-friendly interface and advanced trading features. The choice is subject to one’s preferences and needs.

MetaTrader and cTrader can boast user-friendly interfaces, but some think cTrader is more intuitive. All is subjective and depends on one’s preferences and trading needs. Explore the two platforms to determine which one is more convenient to you.

LiteFinance App

We are pleased to inform you that our new Android trading app is ready, and you can download it on Google Play.

We have updated the app’s engine, so it is now faster and more productive than the previous versions. Our mobile trading app will be as functional as the desktop version, providing you with technical indicators and graphical analysis tools.

You can currently download both the old and the new version of LiteFinance’s mobile app on Google Play, but we advise you to install the latest one and appreciate how fast it works!

LiteFinance App Features

• More than 190 trading tools
• Market and pending orders
• One-click trading
• Six types of chart and nine timeframes
• Built-in indicators
• Copy-trading with pro traders
• Built-in traders’ chats and analytical channels

Our clients can use all the main functions of a fully-developed trading platform in our all-in-one mobile app. Top up and manage your accounts and withdraw automatically up to $3,000 a day! Trade and copy professional traders’ positions in your account. If you have any questions, just get in touch with our support team 24/7. Chat with traders and find the latest financial news in built-in analytical channels.

Accounts and Trading Conditions

Trading instruments: forex, precious metals, futures on indexes, CFDs on stock indices

ECN: yes

An electronic communication network (ECN) implies that every Forex participant’s order will be matched to a contra-side order with the ECN-broker or with its contactors – liquidity traders whose role is played by big international banks – without any participation of a dealing center. LiteFinance, a company with high liquidity, offers these technologies in ECN accounts and thus affords its clients transparent market conditions, under which orders are executed at the best market price with no delays, slippage or re-quotes. 

An electronic communication network (ECN) has a number of undisputable advantages:

• Trades are sent directly to liquidity traders
• No broker’s intevention
• Instant execution
• No requotes
• No conflict of interests
• No limits on trading strategies 

Account types: ECN, Classic

The clients of LiteFinance Investments Limited are offered the following types of trading accounts: ECN, CLASSIC. In this way, LiteFinance’s clients can choose the best option to fit in with their trading strategies and needs. 

Demo accounts at LiteFinance – training under real market conditions

A Forex demo account is a training account that is perfectly suitable for practising and getting ready for trading with real money. You can use your demo account free of charge to boost your trading skills, refine on your trading strategies or test Experts-Advisers under real market conditions. Money put on a demo account is a virtual investment. Demo accounts can be opened via Personal Profile in less than 1 minute. Master the MetaTrader platforms and acquire trading experience on a demo account from LiteFinance with no risk of losing any of your money.

Training account DEMO ECN

Trading on a DEMO ECN account will help both Forex beginners and Forex professionals work out their own trading plans and choose the most convenient strategy. There’s no risk of losing money when refining on your trading strategies. Try out a few ideas and choose the best system that will yield you profits in the future when trading on a real account.

Maximum leverage up to 1:1,000

Minimum deposit requirement: $10

Islamic swap free accounts: available

LiteFinance’ copy trading system brings you a high income and confidence in trading decisions every day.

Spread refunds: special feature for VIP Club members, where traders can receive partial spread rebates from each completed trade

Instant execution: yes

One click trading: yes

The service “One click trading” available to LiteFinance’s clients within the terminals MetaTrader4 and MetaTrader5 makes execution of trades as simple as possible. You can conduct a big number of transactions without losing your time, which sometimes extremely influences trading results. Having optimized the closing and opening of positions with the help of the feature set “One click trading”, you’ll be able to make profit with a single mouse-click.

Automated trading: yes

Trading strategies: all allowed, no limitations

Educational materials: daily forex market analysis, video reviews, expert opinion

Automated withdrawals: immediate transfer of funds to your wallet for up to $100

VPS hosting: available for $15 per month

Forex VPService is the best way to control your trading even when your computer or gadget is turned off

• The VPS from LiteFinance is based on the virtualization technique named Microsoft Hyper-V that uses a 64-bit hypervisor isolated from the main OS. This technique guarantees that all the resources stated in the price plan will be available for the clients anytime regardless of the company server workload.
• Thanks to the VPS service, Forex trading won’t depend on your Internet connection or power supply. The VPS runs uninterruptedly and round the clock.
• Qualified support team 24 hours.

Traders’ Social network for Forex copy trading

Are you a beginner?

• Communicate with traders worldwide
• Copy successful traders’ trades
• Step up the level of your trading!

Are you a pro?

• Find new copy traders in a social network
• Let others copy trades from your accounts
• Earn extra commissions from your copy trader’s

The SocialTrading platform is traders’ social network that provides 4 ways of copy trading. SocialTrading brings global traders together to form a successful community where they can use one another’s experience to reach their goals.

• Communicate with other community members: share your thoughts and trading achievements in the newsfeed.
• Duplicate successful traders’ trades in your own account or share them with others through our copy-trading system.
• Share your knowledge and experience in your newsfeed, attract new followers, motivate them to copy your trades and earn a commission from their profits.

Spread types: fixed, variable

Spreads start from 0.1 pips

Typical ECN spread: 0.9

Margin call level: from 20%

Stop out level: 10%

Currency pairs: 40

LiteFinance Review: Payment Options

LiteFinance Investments Limited processes automatically withdrawal requests (up to $100), which speeds up the process of funds withdrawals and reduces waiting times for all clients.
This option is fully automated and no action is needed on your part. Just send a request for withdrawal from the Client’s Profile, and your funds will be immediately transferred to your wallet.

Payment systems’ fees are reimbursed as balance funds when you make a deposit. Make a deposit into your trading account with LiteFinance and we will reimburse you for the deposit fee under the ZERO Fees promotion.

Payment methods: Perfect Money, M-Pesa, African Mobile Money, Webmoney, Alipay, Bitcoin, Advcash, Skrill, Credit Card

LiteFinance Investments Limited processes automatically withdrawal requests (up to $100), which speeds up the process of funds withdrawals and reduces waiting times for all clients. This option is fully automated and no action is needed on your part. Just send a request for withdrawal from the Client’s Profile, and your funds will be immediately transferred to your wallet.

Learning Material and Latest Promotions

Current promotion from the broker: 

Forex deposit bonus up to 100% and all kind of trading advantages from The LiteFinance company

Multiple Forex bonuses and promotions are a perfect chance for LiteFinance’s clients to increase their deposits and get extra money for trading. A variety of bonus programs lets you choose the best option and trade Forex with pleasure. Participate in the company’s promotions and bonuses and enlarge your trading horizons!

LiteFinance always provides its clients with withdrawable Forex bonuses with free withdrawal of profit. Our current promotions include 100% Forex deposit bonuses. Follow the LiteFinance news or stay in touch with our support team: individual deposit bonuses may be available upon request! With LiteFinance, you can easily get a Forex bonus of 1 000 USD and more to your trading account. Moreover, often we do not limit the maximum amount of bonuses, and our bonus campaigns are constantly changed and updated. Forex deposit bonuses will help you expand your trading opportunities – additional credit funds are good for increasing the trade volume, and also the deposit bonus is an additional margin to maintain open positions. Our clients also enjoy the return of the spread up to 7 dollars per lot on all instruments and compensation of payment system commission when depositing your account! Trading with LiteFinance is ever convenient and profitable cooperation!

The Great Hundred contest in Malaysia has been extended

We are pleased to announce that LiteFinance is extending the exclusive Great Hundred contest for Malaysian clients! The contest will run until January 31, 2023. The most successful traders will become owners of comfortable Perodua Axia cars.

Due to the COVID-19 pandemic, we have been forced to postpone the awards ceremony. Fortunately, the risks of coronavirus have been reduced, so a gala dinner in Kuala Lumpur is set to be held in early 2023. The number of prizes has been increased: six brand new Perodua Axia will be awarded.

How to take part in the Great Hundred contest?

1. Deposit $1000 in total, or more, before 31.01.2023.
2. Enter the list of participants with each trading account with a deposit of $1000 or more.
3. Trade at least 100 Classic lots in each of your trading accounts with registration deposits.
4. Receive an invitation to a gala dinner in Kuala Lumpur and participate in the final draw.

The winners will be determined randomly. Remember, the more trading accounts you have in the rating, the higher your chances of winning a brand-new hatchback!

BEST OF THE BEST forex demo contest

Prize fund $ 10000

Number of prize places 5

Number of participants unlimited

Contest days – each month, for the duration of ONE CALENDAR MONTH

Contest status Active

Start 0:00, 1 March 2023

End 23:59, 30 March 2023

TASK: Trade profitably on a contest forex account by use of currency pairs and any other available trading tools at LiteFinance. Trade actively and show the best profitability result among all forex demo contest participants. 

WINNERS:

Five participants whose trading will be the most profitable and risk factor – the least, with money management observed, will be announced as winners of the forex demo contest.

LiteFinance Review: Customer Service

Customer support: email, phone, live chat, feedback form

LiteFinance’s clients are guaranteed twenty-four-hour technical support 5 days a week. The “single window” system makes it possible to receive competent advice of any department’s specialist by use of LiveChat. “The Best Client Service” award received at the 6th International Investment & Finance Exposition confirms our staff’s high competence and client-oriented service approach.

How was the rating of LiteFinance performed compared to other brokers? 

This 2023 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on LiteFinance FX broker performance and features. 

Overall our online LiteFinance review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online LiteFinance or you find inaccurate details LiteFinance broker review please get in touch with us and the changes will be applied.