About LiteFinance

Point Summary

Accounts

The trading conditions at LiteFinance are very favourable for traders as they benefit from tight spreads and zero commission trading. All trades are executed instantly via market execution because LiteFinance is an ECN broker.

Traders have the ability to trade on margin of up to 1:500, can trade minimum lots of 0.01 and maximum lots of 100. The margin call level is 100% and stop out level is 20%.

They has developed two range of trading accounts .Choose the account type that will comply with your trading preferences and open forex account that will meet your needs.

To make it easier for your choice, here is the comparison between two of them:

ECN Account

Forex ECN trading account is for professional experienced traders as well as investors and traders who wish to use the Social Trading service. This type of account offers the highest annual percent accrued on unused funds, and access to deep liquidity with low floating spreads. The trading account is created on the basis of modern ECN technology that provides access to the best prices on the market, stable and guaranteed fast execution with no re-quotes and no conflict of interest.

Some benefits when using this account

• Increased quoting precision
• Market execution of orders with no requotes
• No Stop Limit levels
• Scalping and news trading allowed
• Unlimited duration of transactions
• Trades are delivered directly to liquidity providers
• No conflict of interests
• Social Trading platform is available
• 2.5% per annum in your account
• Leverage 1:500

Classic Account

This forex account with a floating spread has been designed for traders who have extensive experience in trade and formed views on the market. It is ideal for those who adhere to a proven strategy in their trading using five-digit quotes and leverage up to 1:500, giving access to large volume transactions.

Some benefits when using this account:

• Increased quoting precision
• Market execution and no requotes
• No Stop Limit levels
• Leverage 1:500
• Wide range of trading platforms mt4/m5
• Deposit bonus 30%

Some additional benefits unique to LiteFinance is negative balance protection for ECN Trader accounts and a social trading environment on all accounts. All in all, traders should be satisfied with the trading conditions set by LiteFinance.

Demo account

The Forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into Forex trading with a live account, it’s best to open a risk-free Forex demo account. The LiteFinance Demo Account provides the same Forex trading experience as real accounts. The only difference is that the funds on the Forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.

Pacticing with unlimited demo dollars helps you better understand how to execute trades, your risk exposure, boost your trading skills, refine on your trading strategies or test Experts-Advisers under real market conditions.

Demo accounts can be opened via Personal Profile in less than 1 minute

Islamic account

this account doesn’t charge fees for carrying over open positions to the next day. This type of account is intended for those clients who are not allowed to conduct monetary operations involving interest payments owing to their religious beliefs. Another widely-spread name of this type of account is "swap-free account".

Is it allowed to open an Islamic account?

Yes, our company provides this service. Please click on your name in the upper line and then choose the "Settings" option. Find the line "Islamic account application" and click "Fill in". Please, download and print out the application form, read it carefully, fill in all the relevant fields and sign it. Then, upload an electronic copy of the signed application in the same window.

Please note, that your application does not guarantee that your account will be transferred to the Islamic Account category. The company provides access to the service at its own discretion.


How to open a new account at LiteFinance?

To open a new account, click on “Registration” found on the top right hand corner of every webpage on the website LiteFinance.com. Then the one-page form below displays.

Fill the form and click “Register.” Immediately the account is opened and you are logged into the online Social trading platform. You can also register using facebook or Google account. If you filled a phone number, you will only verify the number with a code sent to the phone after which the account is automatically opened.

How to open a demo account?

Click on your name in the Client Profile in the upper line and make sure the demo trading mode is enabled. Then access the "Metatrader" section. Click the "Open account" button and select account parameters from the drop-down lists.

And thats practically it, you can immediately access the trading platform and start to trade with demo account.

Note: LiteFinance does not accept traders USA, Israel and Japan.

How to Open a trade at LiteFinance

To open a trade, simply select the instrument you wish to trade, via the Trade page or via the Search bar, click instrument and enter the amount you wish to invest, and then click Sell/Buy.

Products

LiteFinance provides access to trade up to 55+ currency pairs which represents the major, minor and exotic pairs. Other trading instruments available are: 4 metals, 2 oil commodities, 11 indices, 23 crypto assets and about 45+ stocks traded on US exchanges. The overall selection is suitable for new retail traders but inadequate for more advanced ones.

• Currency : Trade on currency pairs such as EURUSD, USDJPY, GBPUSD, AUDUSD, NZDUSD, and others
• Metals : such as XAUUSD, XPDUSD, XAGUSD, XPTUSD
• Oil : The broker offers trading in US Crude and UK Brent such as USCRUDE, UKBRENT, UKBRENT_N, USCRUDE_N
• Indices : LiteFinance offers trading on leading European, American, Asia, and Australian stock indices such as SPX, NQ, FTSE, YM, CAC, FDAX and others
• CFD NYSE : Trade shares of major American companies such as Boeing Company, American Express Company, Caterpillar Inc, Alcoa and others
• CFD Nasdaq : Trade shares of major global companies such as Intel Corporation, Hewlett-Packard, Facebook Inc and others.
• Cryptocurrency : Trade on cryptocurrency pairs such as BTC/USD, LTC/USD, DSH/BTC, EOS/USD, ETH/BTC, XMR/BTC, ZEC/BTC and others.

LiteFinance continuously expands its tradeable assets and is expected to continue to offer its clients broader access to financial instruments.

Trading Platforms

LiteFinance offers traders the selection between two of the most popular and loved trading platforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Both platforms are highly sophisticated and accommodate the needs of both beginner and experienced traders.

Key differences between MT4 and MT5

Web and Desktop plarform

MetaTrader 4 is a popular Forex trading and analysis platform, which allows trading currencies, shares, precious metals and CFD on stock indices. It has a variety of tools for trading and analysis. In this section, LiteFinance provides the downloadable desktop version and its mobile applications for PDA, iPhone, iPad and Android. It is not avaliable on Web platform

MetaTrader 5 is a new version of the popular forex trading platform that possesses increased functionality and an enlarged set of tools. It comes with all the features of the MT4 but in improved and expanded forms. LiteFinance provides the downloadable desktop and and its mobile applications iPhone, iPad and Android version. It is not avaliable on Web platform

After installation, you are prompted to choose the broker server for connection.

Select the appropriate server, login with the login details and trading can commence.

Here are some of the features:

• Both platforms have the same simple and user friendly interface with customizable windows. Real time quotes are shown on the market watch and on the charts.

• The MT4 and the MT5 platforms support the use of Expert Advisors to automate forex trading.
• The platforms give access to the MQL5 market where traders can buy or sell trading tools like EAs, forex signals, Indicators, etc.
• The MT4/MT5 has advanced order management and risk management features.
• Pending Order

• The MT5 has the economic calendar inbuilt into the platform.

• Charts and Timeframes

The MetaTrader platforms feature fully customizable user interfaces as well as watch lists, market news integrations, advanced order windows, a sophisticated charting package and more. Traders benefit from lightning fast execution on their trades and can trade directly from the charts with one click trading. Also, traders can participate in auto trading with the use of Expert Advisors (EAs), which use algorithmic trading to trade for you. Another cool feature is the ability to follow and copy other successful traders trades with the social trading and copy trading features.

Mobile Trading

LiteFinance supports mobile trading by providing their clients with an entire suite of proprietary mobile trading applications. All applications and their contents are supported in more than 8 languages and are constantly updated that can be downloaded for free from the Apple App Store and the Google Play Store.The applications are compatible with both smart phones and tablets and operate very well.

Mobile Forex applications from LiteFinance are a useful additional tool for Forex trading. You can set up filters and get up-to-date information only for currency pairs or other trading instruments you are interested in.

It contains analytical support for a variety of currency pairs, oil, and precious metals. Among them are such instruments as EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, AUD/JPY, USD/TRY, EUR/TRY, GBP/TRY, gold, silver, WTI, Brent, CFD, and others.

Install mobile apps from LiteFinance and enjoy up-to-date analytical reviews around-the-clock, signals and a variety of strategies for trading.

Here is a summary of the features of the MT4/MT5 mobile apps:

• The apps are user friendly and easy to use.
• Can be used to monitor the markets with live quotes, market news, etc
• Sound notifications and alerts.
• Inbuilt charts and indicators for technical analysis.
• Full order management, order placement and history.
• Account management options.

Spreads and commissions create the fee structure at LiteFinance.

Commission On ECN trading accounts, will be charge from $5 per lot such as Forex Major - 10$ per lot, Forex Crosses - 20$ per lot, Forex Minor - 30$ per lot, Metals - 20$ per lot, Oil - 0.5$ per lot, CFD on shares - 25 cents per share, Stock indices - 0.5$ per contract, Crypto - 10$ per lot. No commission with Classic account

Spreads are specific to the account and asset being traded. The spreads are very competitive with the industry standards, although major currency pair spreads can be around 2 pips, which is relatively high. On major indices such as the FTSE 100, spreads begin at 1 point.

Trading Feature

LiteFinance Social Trading Platform

Social Trading is LiteFinance’s automated copy trading system, which allows clients to copy top trades, share information, interact with other traders, and trade independently. When you select a expert traders, you have the option to filter them based on portfolio, trading history, profits, etc.

Take advantage of successful traders experience or share your own success with others through Social Forex Trading system. Depending on your goals, choose the role that really suits you and achieve your objectives!

Automatic money withdrawals from Forex trading accounts

This type of service ensures that some withdrawals are handled automatically, enabling to reduce the queue-list of withdrawal requests. You are entitled to carry out two instant withdrawals per day provided that the amount of these operations will not exceed 100$ and your Profile’s status is Confirmed. If status of your Profile is Basic, then you will be able to carry out one instant withdrawal per day and the amount of your withdrawal shall not exceed 50$. while traders from Kenya and Tanzania may withdraw up to $2,000 per day

The countdown starts from the moment of writing off the funds from the trading account balance as a result of the last automatic withdrawal.

The automatic withdrawal service is provided when using the following payment systems: Skrill, Perfect Money, Neteller.

A VPS service

The VPS from LiteFinance is based on the virtualization technique named Microsoft Hyper-V that uses a 64-bit hypervisor isolated from the main OS. This technique guarantees that all the resources stated in the price plan will be available for the clients anytime regardless of the company server workload.

Promotion Bonus

Customer Support

The customer support provided by LiteFinance is truly phenomenal. It’s evident that the brokerage takes the success of their clients very seriously as they do everything in their power to help their traders succeed.

LiteFinance maintains a multi-lingual support team. The customer support team works from 9am to 9pm, Monday to Friday while the technical support team works 24/5, Monday to Friday. The following support channels are available:

• Live Chat: Chat assistants are fast and ready to help.
• “Feedback” Form is on the “Contact Us” page of the website. Fill the form and the support team will reply via phone or email.

• Email:[email protected]; [email protected].
  • For the LiteFinance EU: [email protected].
  • There are other emails for specific countries: India; [email protected], Philippines: [email protected], Nigeria: [email protected], [email protected].

• Phone Number: UK; 88007072963, Philippines: +63 956 157 3247, Nicaragua: +50522268544, Nigeria: 08101962515, Vietnam: 02873019986, Indonesia: +628889421400,

We tested the Lite Forex live chat and it works well. We sent messages to Lite Forex Investments livechat through their website and recieved a response within 5 minutes.

Beside that, the FAQ section answers the most common questions


Therefore, traders will always be able to get in touch with a representative easily and quickly. Also, traders can interact with representatives via the brokerages various social media channels including; Facebook, Twitter, Google+, Instagram, LinkedIn, Pinterest, Telegram, and YouTube.