LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. One of the most ignored trading costs is swap rates on leveraged overnight positions.

Fees & commissions review of LiteForex

LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate xcritical reviews partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

trading terminals

This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience. LiteForex supports mobile trading byproviding their clients with an entire suite of proprietary mobile tradingapplications.

  1. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.
  2. Trade in various assets using built-in analytics and signals to predict price movements.
  3. It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities.
  4. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.

What is LiteFinance?

Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08). Liteforex (Europe) LTD provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates, and the Marshall Islands.Full list of countries is available here. It is possible to process withdrawals within 24 hours and you can even set automatic withdrawals to take out your money instantly on a scheduled basis, making withdrawals a more comfortable and stable experience. Since rebranding from LiteForex to LiteFinance, transparency dropped, and issues arose. The high trading costs remain, and at its present state, LiteFinance cannot be said to be a good broker.

پلتفرم اینترنتی شرکت LiteFinance

This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering. I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims. The unexplained move of its headquarters from one unregulated Forex jurisdiction to another raises red flags. Since rebranding, LiteFinance lacks transparency across its core trading environment.

The broker has a social trading platform and offers ECN technology which is available together with automated withdrawals, making the trading process very comfortable and streamlined. But the broker has high spreads and commissions and may not be suitable for traders who prefer low trading fees and commissions. ECN accounts offer much more value in trading terms with low spreads, but still, the commissions are higher than with other popular brokers.

Company’s news

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years. The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. Trade by yourself, copy trades and make money in the markets with a reliable broker on a user-friendly platform and on the best terms.

As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation. Another strong point is the broad range of forex trading educational resources available on the broker’s website. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team.

Also, support representatives can easily becontacted 24 hours a day, 7 days a week via live chat, email, support fxcriticals,and telephone support that supports call back functionality. LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis.

A trading order will be sent immediately once you have clicked on “Sell” or “Buy”. LiteFinance is an unregulated Forex and CFD broker operational since 2021 out of St. Vincent and the Grenadines, with a subsidiary regulated in Cyprus. It operated out of the Marshall Islands as LiteForex before its relocation.

Afterconducting in-depth research on the LiteForex online trading brokerage, it’sevident that the broker is highly competent and very reliable. The brokerageprovides an excellent selection of online trading platforms to choose from anda wide array of tradeable assets to invest in and trade. The level of customersupport is phenomenal and LiteForex offers a variety of favorable trading feesbased off the trading account the trader chooses.

I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225.

All in all, if you’re lookingfor a reliable online trading brokerage to trade forex and other financialassets, LiteForex could be the broker for you. LiteForexis a large and established online trading brokerage who serves theinternational markets by accepting traders from around the world and offeringtheir services in over 10 languages. The brokerage specializes in the tradingof forex and has been providing reliable and innovative forex trading servicessince their establishment in 2005.

LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. Traders will conduct all financial transactions from the secure back office of LiteFinance.

In total, there are 6 different mobile apps that can bedownloaded for free from the Apple App Store and the Google Play Store.Theapplications are compatible with both smart phones and tablets and operate verywell. The mobile applications available include; Forex Analysis, Forex Signals,Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines. A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders.

Additionally, the website is multilingual together with the live chat which is available 24/5 in 22 languages. Live chat provides the ability to connect to LiteForex’s different departments, including partnership and financial departments, together with general customer support. With all this combined, LiteForex offers excellent customer support services. Where LiteForex excels is in the trading tools offered for free by the broker. The tools include an economic calendar, technical and fundamental Forex analysis, analytical materials from Clawthorne (an independent trading agency), economic news, a currency calculator, and currency rates.

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. It is possible to access LiteForex live chat in a demo mode and get answers to all your questions.

Until this broker fixes its issues and returns to the same standards established over 15 years as LiteForex, I advise extreme caution. Over the long years of successful work on the Forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. TheMetaTrader platforms feature fully customizable user interfaces as well aswatch lists, market news integrations, advanced order windows, a sophisticatedcharting package and more. Another cool feature isthe ability to follow and copy other successful traders trades with the socialtrading and copy trading features.

LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account. LiteFinance offers three partnership programs, but limited information exists. Additionally, the broker also offers advanced trading tools to assist their traders. The website is multilingual, and customer support is available 24/5 via live chat, which is also multilingual. The ECN account is a much better variant for trading as all the other terms are the same for both Classic and ECN account types, except that spreads are much lower on ECN accounts. It should be noted that their commissions are a lot more expensive than other brokers.