LiteFinance

By St├ęphane on 04/11/2023

TrustedBrokers Score

4.1 / 5

LiteFinance is available in Australia

83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Markets
    4.0 / 5
  • Trading environment
    4.4 / 5
  • Deposits and withdrawals
    4.2 / 5
  • Investor protection
    3.2 / 5
  • Customer service
    4.7 / 5
Our take on LiteFinance

Trade CFDs on a wide range of markets on M4/5, with leverage up to 1:1,000 through LiteFinance.com. LiteFinance accepts all EAs and trading styles, including scalping and news trading. Earn up to 2.5% interest on your balance.

We have been trading through LiteFinance's ECN account for over 3 years on raw spreads plus a commission of $5 per lot, per side, and we enjoy its unrestricted trading environment.

Their customer service team is responsive, even on weekends. Our withdrawals have always been processed as quickly as possible. However, their withdrawal fees are a bit high, especially card withdrawals.

LiteFinance publishes a lot of educational content in the form of webinars and articles on its blog, often focused on technical analysis. However, you might find yourself lost if you are new to trading.

  • Likes
  • All trading strategies are allowed.
  • Get free daily technical and fundamental analysis.
  • Receive up to 2.5% interest on used funds.
  • Copy trading accounts are also available.
  • Dislikes
  • Withdrawals fees are somewhat high, especially card withdrawals.

Easily navigate this review:

4.0 / 5
Markets

Diversify your investments across a wide range of asset classes. Trade Forex as well as CFDs on precious metals, oil and world indices from a low $50 initial deposit with LiteFinance (formerly LiteForex).

  • Forex: 57 currency pairs and cross-rates.
  • Shares and indices: CFDs on a wide choice of shares listed on the world's largest stock exchanges as well as CFDs on leading American, European, Australian and Asian stock indexes.
  • Energies: CFDs on the price of Brent, WTI and natural gas.
  • Precious metals: CFDs on the price of gold, silver, palladium and platinum.
  • Commodities: CFDs on the price of agricultural products like coffee, cocoa and wheat.

* Availability is subject to local laws and regulations.

  • Asset classes (#)
  • Forex (CFD)57
  • Cryptos (CFD)*66
  • Stocks (CFD)131
  • Indices (CFD)15
  • Metals (CFD)5
  • Energy (CFD)3
  • Commodities (CFD)5
4.4 / 5
Trading environment

Get market execution and no-requotes with a Classic or an ECN account.

  • Classic account: trade on floating spreads with 5-decimal pricing and market execution with a Classic Account. Choose between MetaTrader 4, 5 and LiteFinance's own trading platform. This account allows automated trading.
  • ECN Account: trade on floating spreads from 0.4 pips plus commission. Get low spreads and strong execution through 4 liquidity providers. Choose between the MetaTrader 4, 5 and cTrader platforms. LiteFinance accepts all trading strategies, including scalping or news trading under this account.

All accounts come with full access to the Claws & Horns forex news and analytical service. Get access to Forex signals, an economic calendar, news and tools from your account. This service is available free of charge for LiteFinance clients.

All accounts are available in Islamic format upon request. LiteFinance doesn't charge swap fees on these accounts' overnight balances. To open such an account, open a Classic or an ECN account online, and contact your account manager before placing your first trade.

LiteFinance clients get 24h technical support 5 days a week both online and over the phone. Support is available in English, Arabic, Brazilian, Indonesian, Malay, Spanish and Pakistani. Visit LiteFinance.com to get started.

  • Platforms
  • MT4
  • MT5
  • cTrader
  • Copy trading
  • Operating systems
  • Web trading
  • Android
  • iOS
4.2 / 5
Deposits and withdrawals

The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company's website for a list of all payment methods.

* Availability is subject to local laws and regulations.

  • Deposits and withdrawals (Fiat)
  • Bank transfer
  • Credit card
  • Debit card
  • Alipay
  • bitwallet
  • CashU
  • MoneyGram
  • MTS.ru
  • Multibanko
  • NETELLER *
  • OKPAY
  • Payeer
  • Perfect Money
  • QIWI Wallet
  • Skrill *
  • WebMoney
  • Western Union
  • Yandex.Money
  • 2c2p
  • Deposits and withdrawals (Crypto)
  • BTC (Bitcoin)
  • BCH (Bitcoin Cash)
  • BTG (Bitcoin Gold)
  • ETH (Ethereum)
  • LTC (Litecoin)
  • Account base currencies
  • CHF
  • EUR
  • GBP
  • PLN
  • RUB
  • USD
3.2 / 5
Investor protection

LiteFinance serves its clients through two regulated entities:

  • Liteforex (Europe) Limited provides services only to the residents of countries from the European Economic Area (EEA), United Arab Emirates and Marshall Islands.
  • LiteFinance Global LLC, a company registered in St. Vincent & the Grenadines. This company does not provide services to the residents of the European Economic Area (EEA), the USA, Israel, Japan, Russia, and a few other countries.

Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.

4.7 / 5
Customer service
LiteFinance Alternatives
Author

About the author

I'm St├ęphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.