LiteFinance Review in Jan. 2024

Published on 11/01/2024
Fact checked 11/01/2024

TrustedBrokers Score

3.9 / 5
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
    2.0 / 5
  • Customer service
    4.7 / 5
Our take on LiteFinance

Trade CFDs on a wide range of markets on MetaTrader 4 and 5, with leverage up to 1:1,000 through LiteFinance.com. This broker 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

Trade over 250 instruments across all markets, with the exception of government bonds. This is an opportunity to diversify your portfolio across uncorrelated asset classes.

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4.4 / 5
Trading environment

LiteFinance is first and foremost an ECN broker that allows all trading styles in the MetaTrader 4, 5 and cTrader platforms. A copy trading service with a large number of providers is also available.

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4.2 / 5
Deposits and withdrawals

It's easy to fund your LiteFinance trading account. However, as LiteFinance only offers accounts in USD and EUR, you may face foreign exchange fees on deposits and withdrawals, in addition to withdrawal fees.

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2.0 / 5
Investor protection

As LiteFinance serves its clients through two regulated entities, client protections will depend on the LiteFinance entity with which you open an account.

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4.7 / 5
Customer service

Customer service is available 24 hours a day, 5 days a week both online and over the phone. Our queries have always been addressed promptly, to a high standard.

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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.