LiteFinance Review

LiteFinance Review

LiteFinance (ex. LiteForex) is an online forex and CFD broker that operates from the Marshall Islands. Established in 2005, the broker has grown to become a global brand with offices across Africa, Asia, and Europe. The broker offers online trading in over 135 financial instruments, spread across currency pairs, cryptocurrency, indices, metals, energies, and U.S. stocks. They provide the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, social trading tools, market analysis, and educational resources. LiteFinance operates the ECN model of trade execution, offering competitive trading fees and good execution speeds.

LiteFinance Review - MT4 Multiterminal
LiteFinance Review – MT4 Multiterminal

LiteFinance Platforms & Tools

The broker provides clients with MT4 and MT5 trading platforms, which are very popular among forex and CFD brokers and traders because of their multiple features, charts, trading tools, and plugin capabilities, as well as their intuitive and user-friendly interfaces.

LiteFinance Review - MT5 Platform
LiteFinance Review – MT5 Platform

Both platforms are available as web trading terminals that run on Safari and other modern web browsers, installable desktop applications for Windows and Mac computers, and mobile trading apps for Android and iOS compatible devices.

LiteFinance Review - MetaTrader Apps
LiteFinance Review – MetaTrader Apps

There is also a social trading platform, LiteFinance Social Trading Platform, which is integrated into “My LiteFinance” (the clients’ area of the broker’s website). It is a web-based platform that enables users to analyze traders and choose the ones to automatically copy their trading signals.

LiteFinance Review - Claws & Horns Analysis
LiteFinance Review – Claws & Horns Analysis

The broker is also renowned for providing additional helpful trading tools and apps to their clients. Some of those tools include the LiteFinance Analytics, The art of Analysis from Claws & Horns, VPS, Forex Blog, Economic Calendar, and several LiteFinance Mobile Apps, such as Forex Signals, Forex Analysis, Trading strategies, and more.

LiteFinance Research & Education

LiteFinance has a series of articles targeted at new traders. There are over 25 articles that cover various topics including fundamental analysis, technical analysis, indicators, trading strategies, and money management. The broker also has a glossary of over 200 trading terminologies and their definitions. They have a list of recommended books.

LiteFinance Review - Economic Calendar
LiteFinance Review – Economic Calendar

LiteFinance Trading Accounts

The broker offers these two account types:

  • Classic Account: For beginners; spreads starts from 1.8 pips; and no commissions
  • ECN Account: For experienced traders; spreads start from 0.0 pips; and commissions start from $5 per lot

The minimum account opening deposit for both account types is $50, and the maximum leverage is 1:500 (1:30 for non-professional EU clients). Swap-free Islamic accounts are available on both account types.

LiteFinance Account Funding

LiteFinance accepts a number of account funding and withdrawal methods, including credit/debit cards, bank transfers, local transfer, cryptocurrencies (Bitcoin, Ethereum, Litecoin, Monero, and Bitcoin Cash), and online payment processors like Yandex, Skrill, Neteller, QIWI, and Perfect Money.

LiteFinance Customer Service

LiteFinance’s multi-lingual customer support team is available 24/5 and can be reached via instant web chat, phone lines, or email. There is also a ‘feedback’ form on the website. They can also be reached on Facebook, LinkedIn, Instagram, Pinterest, Twitter, Telegram, and YouTube.

LiteFinance Regulation

The broker is regulated in two jurisdictions — Europe and the Marshall Islands. In the Marshall Islands, LiteFinance Investment Limited, which operates the website: www.litefinance.com, is registered and regulated in accordance with the Marshall Islands Business Corporation Act.

LiteFinance (Europe) Limited, which operates the website: www.liteforex.eu, is a registered Cyprus Investment Firm (CIF) with the registration number HE230122. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number: 093/08, and they operate in accordance with the ESMA’s MiFID ii rules.

LiteFinance Review Summary

LiteFinance is an online trading broker that offers trading in multiple asset classes via the MT4 and MT5 trading platforms, as well as a web-based social trading platform. They provide a selection of trading tools and educational resources.

LiteFinance

6.4

Spreads

6.0/10

Liquidity

6.0/10

Commissions

5.5/10

Support

6.5/10

Regulation

8.0/10

Features

  • MT4 and MT5
  • Social trading platform
  • Several useful trading tools
  • A selection of educational resources