LiteFinance Review in Sep. 2024

• Forex: CFDs on 57 currency pairs, including majors, minors and currency crosses. You can also trade the Dollar Index, which measures the US dollar against a basket of currencies.
• Crypto: CFDs on a wide selection of 63 crypto-currency pairs. These include popular layer 1 and layer 2 tokens, as well as decentralised finance and metaverse projects.
• Stocks: CFDs on the shares of 135 companies listed on the NYSE, the Nasdaq and European exchanges.
• Indices: CFDs on 13 American, European, Australian and Asian stock indexes, including Singapore's blue chip index.
• Energies: CFDs on the price of Brent, WTI and natural gas against the US dollar.
• Precious metals: CFDs on the price of gold, silver, palladium and platinum.
• Commodities: CFDs on the price of 5 agricultural products like coffee, cocoa, corn, soybean and wheat.

* Availability is subject to local laws and regulations.

Range of platforms

MetaTrader 4 and 5: are the longest running and most established of all trading platforms. Trade CFDs on currencies, cryptocurrencies, global indices, stocks, metals, energy, and commodities from this platform. Create your own trading robots, or download apps from the MetaTrader marketplace.

cTrader: is a rival platform released in 2011. It offers a wider range of trading tools and indicators compared to MT4 and is similar to MT5 in this regard. Unlike the MetaTrader platforms, cTrader uses the widely-used C# programming language for its trading robots.

Copy trading: Could work for you if you prefer to follow and copy other traders passively. LiteFinance's copy trading service is home to hundreds of signal providers, including 5 managing more than US$ 500,000 in assets. We like that some of these providers have invested their own funds.

Trading conditions

For beginners: LiteFinance's Classic account is an entry-level account, with floating spreads starting from 1.8 pips and high leverage (up to 1:1000). However, if you are new to trading, you may find it easier to trade through a broker with fixed spreads, like [site|9]. Surprisingly, negative balance protection isn't available through this account.

For experienced traders: Alternatively, LiteFinance offers an ECN trading account with raw spreads and commission. As commissions vary across asset classes and platforms, we'd encourage you to visit [site|12] for more information. Active traders may also be eligible to receive 2.5% interest per annum on their account's balance.

For professional traders: LiteFinance's ECN account will also appeal to professional traders, as it allows all trading styles, including news trading and scalping.

Swap-free trading: Is available for Muslim customers across both accounts. You may trade currencies, crypto, commodities, stocks, and indices through this account. This is notable, as some brokers, like AvaTrade, exclude cryptocurrencies from their Islamic account.

Trading tools

Trading signals: 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 to LiteFinance clients on a complimentary basis.

With LiteFinance, you can open a trading account denominated in either USD or EUR. And if you deposit funds in any other currency, foreign exchange fees will apply. If you make a deposit through a local partner, the exchange rate and any commissions will be clearly stated at that time.

LiteFinance accepts a wide range of payment options, including bank transfers, bank cards, electronic wallets (like Skrill or Neteller) and crypto-currencies. As payment options vary from one country to the next, we suggest creating a free account on LiteFinance.com to see the options available to you.

LiteFinance charges no deposit fees, and at times, may even reimburse fees charged by third party payment providers. The minimum deposit amount will depend on your chosen payment method, but is as low as $10 across most payment methods.

Finally, you should be aware that withdrawal fees apply across most payment methods. LiteFinance charges a 2% fee for withdrawals to a bank card or a Neteller account, a 0.5% fee for withdrawals to a Bitcoin wallet, and a USDT 1 fee for Tether 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.

LiteFinance entities

• Liteforex (Europe) Limited provides services only to the residents of countries from the European Economic Area (EEA), and the 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.

Offshore entity

If you open an account with LiteFinance's offshore entity, your funds may be commingled with that of other investors and the broker's own funds. LiteFinance explicitly mentions counterparty risk in its risk disclosure document. Additionally, no investor compensation fund is available in St. Vincent & the Grenadines should LiteFinance go bankrupt.

European entity

If you open an account with its European entity, your funds will be held in segregated accounts. Your level of protection will depend on your broker's client classification rules, as is customary in the EU, whereby strong protections are granted to retail traders. Additionally, LiteFinance is a member of the chypriot Investor Compensation Fund.

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