About its history and mission
LiteFinance was founded in 2005 with a goal to provide accessible online trading services to global clients. Over the years, LiteFinance has built a strong reputation for offering low-cost, efficient, and innovative trading solutions. With a focus on forex, stocks, and other tradable instruments, the company has gained recognition among traders worldwide.
- Founded
- 2005
- Headquarters
- Address
- Website
Strengths and Weaknesses
Strengths
- Regulated by CySEC
- Extensive platform options (MT4, MT5, cTrader)
- Competitive spreads and fast execution
- Wide range of trading instruments
- Low leverage options compared to other competitors
- Lack of 24/7 support
- Limited account types
Weaknesses
Safety and Regulations
LiteFinance is licensed by multiple financial authorities, including the International Financial Services Commission (IFSC). This ensures compliance with global regulatory standards and assures clients that the broker operates with integrity. Client funds are kept in segregated accounts, ensuring that traders' money is protected from any operational risk. LiteFinance also offers insurance policies on deposits, providing an added layer of security for traders.
Regulators
- CySEC
- MiFID
Instruments Available
Types of Accounts
ECN
- Minimum deposit
- $0
- Commission
- 0.0
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 0
- Stop-out level
- 0
Classic
- Minimum deposit
- $0
- Commission
- 1.8
- Available tools
- 0
- Leverage
- 1:1 to 1:1000
- Margin call level
- 0
- Stop-out level
- 0
Fees and Charges
LiteFinance offers competitive spreads starting at 0.1 pips for its ECN accounts. Standard account holders experience wider spreads, but without commission fees, making it more suitable for traders who don't trade frequently. Swap rates are charged or credited based on the difference in interest rates between two currencies. These rates vary depending on the instrument being traded and market conditions. LiteFinance charges inactivity fees on accounts that remain dormant for an extended period. Traders should ensure regular activity to avoid any additional charges.
Trading Platforms
Customer Support
Contact information not available. Visit the broker’s website for support options.
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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What fees and commissions are charged?
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Users reviews
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