LiteFinance Review 2023 Detailed Information about LiteFinance Forex Broker

I was use this broker for trading since 2018..It’s great experience. No, this brakerage company is not available for traders coming from the USA, Japan, and Israel. Since the broker has an unregulated offshore entity, your funds are not safe with LiteForex.

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LiteFinance offers you
MetaTrader 4, MetaTrader 5 and WebTrader.

What deposit (funding) methods are available with LiteForex?

This brokerage platform is regulated by CySEC, while its offshore entity has no regulations. However, it’s still a lot weaker than some of the regulated brokers. The offshore entity has restrictions from providing services in the EEA zone. First of all, mobile app is available for both Android and iOS devices, and the link is provided on the broker’s website. It’s available in 8 different languages, but it looks like not all of the assets can be accessed via mobile phone.

• However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market.
• LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries.
• Overall, LiteForex has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience.

The company also supports the trading of 6 commodities and 16 cryptocurrencies and holds licenses to provide trading services for some 37 US-listed equity CFDs. To keep the portfolio diverse, 11 index CFDs can be traded with the company. The overall list supported by the company comprises 126 instruments, categorized across multiple asset classes. The company is actively expanding its trading capabilities and is currently advertising on its homepage that it supports over 145 assets. Since LiteForex’s tradable assets grow continuously, more assets are expected to be added to its bandwagon in 2023 and beyond.

Trade stocks, forex

The account offers an interest rate of 2.5% on surplus funds, an unlimited duration of transactions and trades are delivered directly to liquidity providers. The reviews revealed that LiteForex makes money from the fees included in the spread. Each spread has a specific fee assigned to it based on the account and the asset being traded.

Mobile trading platforms for both iOS and Android with alerts, push notifications and full control over your trading account are also included in the package. Therefore, trading with LiteForex Cyprus entity you can refer to CySEC in case of any violence, while the regulator himself constantly checks on the operation and environment the broker provides. Also, traders’ funds are segregated from company funds, and the application of the standard covers LimeFx protection.

LiteFinance Review

LiteForex customer support services are limited to several factors. A forex market may permit trading only between the specified hours. The support staff is unable to deliver timely results under such conditions.

However, the company’s focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders. Yes, LiteForex is a registered broker in Cyprus regulated by the local financial regulator Cyprus Securities and Exchange Commission (CySEC). Based on our research, through its regulatory compliance, the broker offers negative balance protection as well as a compensation scheme of up to €20,000 in case of traders’ insolvency. The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. The online ECN broker LiteFinance (ex. LiteForex) has been providing its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005. All major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LiteFinance (ex. LiteForex).

The gateway to trading and LimeFx wisdom

Additionally, you should beware of other fraudulent brokers, such as City Index or FXActive. Of course, we’ve checked is LiteForex a regulated brand and who’s the owner. Behind the whole operation, we have Liteforex Ltd from Cyprus and LiteFinance Global LLC from Saint Vincent and the Grenadines. In case the company acquires new licenses or registrations, the information will be updated in LiteForex’s company introduction page.

LimeFx counters with an average commission-free cost of 1.1 pips or $11, while the DMA account shows a minimum spread of 0.1 pips for a fee of $6 per lot. Swap rates on leveraged overnight positions and third-party payment processor costs apply at both. LiteFinance (ex. LiteForex) is a high-tech reliable ECN broker with a strong reputation.

Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. On the payment methods’ front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment. Our experts checked the educational proposal of LiteForex and found that the broker supports personal strives and provides learning materials, analysis, and guides. This is done through the educational section on their website presenting four sections that help to become a better trader that diverse to a different levels of traders.

The minimum
deposit amount varies from $10 for most payment methods to $100 for some Bank
Wire Transfers. LiteForex customer support team is highly responsive than most of the other FX brokers in the industry. The user can contact the LiteForex customer support team via phone, live web chat, and email.

If a client prefers electronic transfers the options available to that client are WebMoney, Qiwi, Neteller, Skrill, Monetaru, OK Pay, PM, Boleto and many others. Those clients who do not prefer e-transfers, LiteForex provided the option of wire transfer. Besides these, many types of Credit and Debit cards are also provided as banking options such as VISA, MasterCard, VISA Electron, Maestro and several others.

To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders. Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities.

When it comes to depositing, LiteForex is pretty clear that they charge no fees, but they might be charged by a third party (credit card company for example). However, when it comes to withdrawals they never state the minimum withdrawal amount limefx review or mention any fees. LiteForex Classic account requires a minimum deposit of $50, as the ECN, but there’s a difference in the spread. Spread starts with 1.8 pips for this account type, while there’s no fixed annual return on LimeFx.

The said platform is also easily integrated with traders’ Member Area. Based on some traders’ experience registering in LiteForex, the company doesn’t strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex LimeFxs Limited that is not subjected to higher leverage restrictions issued by ESMA. Even though, there were numerous claims and complaints from the global traders presenting an impressive collection of issues that were faced during the trading experience they had. If you are reading this article, you’re likely having trouble deciding whether LiteForex or LimeFx is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

For clients to fully understand who they’re dealing with, we prepared this unbiased LiteForex review. Please read LiteFinance Reviews (i.e. LiteForex Reviews) below and share your live trading experiences with this broker. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and LiteFinance proprietary mobile apps.

The website does not provide LimeFx services or personal recommendations to clients to trade any financial instrument. Information on FairForexBrokers.com should not be seen as a recommendation to trade CFDs or cryptocurrencies or to be considered as LimeFx advice. FairForexBrokers.com is not licensed nor authorised to provide advice on investing and https://limefx.biz/ related matters. This website is independent of of all forex, crypto and binary brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. Traders who need further assistance can contact LiteForex customer support via live chat which is always convenient.