LiteFinance Review in Jan. 2024
- Markets4.0 / 5
- Trading environment4.4 / 5
- Deposits and withdrawals4.2 / 5
- Investor protection2.0 / 5
- Customer service4.7 / 5
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.
- 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.
- Withdrawals fees are somewhat high, especially card withdrawals.
Easily navigate this review:
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.
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.
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.
As LiteFinance serves its clients through two regulated entities, client protections will depend on the LiteFinance entity with which you open an account.
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.
Are you looking for an alternative to LiteFinance? See how LiteFinance compares against each of the following brokers.
About the author
I'm Stéphane, 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.