Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
Regulated by CySEC, FCA, MI
Litefinance, a revolutionary Forex brokerage company that was formed back in 2005 and was registered as a Marshall Island brokerage but later on, as time went by, they expanded globally.
The company is HUGELY known for providing the cent accounts
(means you'll be able to start trading depositing 1$) which left its mark in the online trading sphere.
Though they are preliminary based in the Marshall Islands, their global headquarters are located in Kenya, India, Myanmar, the Philippines, Ghana, Nicaragua, Indonesia, Vietnam, Iran.
Note: Recently they've fabricated a new operating headquarter in Lagos, Nigeria.
The brokerage is heavily regulated by CySec ( Cyprus Securities and Exchange Commission ) therefore, the traders can feel free and secure at the same time while trading with Litefinance.
Bank Wire, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money
Bank Wire, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money
LiteFinance, being the reputed and regulated broker they are, now providing 2 types of trading account for online market traders and it simply goes like this:
Now, let's get a closer look at the trading accounts, shall we?
Well, to be frank, the ECN (Electronic Communications Network) accounts are probably well organized for traders and investors who deal with stuff professionally.
Simply, it's for professional figures only. Moving on, the ECN account offers an almost 2.5% interest rate on remaining funds also the transaction limitations are close to unlimited.
Note: ECN advantages are only available in MetaTrader 4 trading platform only, you won't be getting it on the
MT5 accounts.
Moving on to the classic trading accounts and which are available for both beginners and advanced level traders. Besides, the classic accounts don't require any additional charges on the remaining funds. Also, you'll be getting access to both MT4 and MT5 trading platforms with the classic trading account.
And it doesn't end there!
Thinking about all the religious Muslims across the trading sphere, LiteFinance has brought in Islamic trading accounts.
Indeed a bizarre move from LiteFinance!
Apart from that, with LiteFinance you’ll be getting the availability of both instant execution and market execution at the same time. So, feel free to start trading.
Islamic Accounts:
Forex Islamic accounts are solely made for all Muslims across the globe so that they can trade in the Foreign exchange market in the halal way.
Islamic trading accounts contain very low interest rates as religious Muslims don't opt for any sorts of interests.
Moreover, the minimum required deposit amount is $50 or equivalent and which is applicable for both ECN and Classic trading accounts where the maximum leverage is 1:500. Besides, as per the classic accounts, it comes with higher spreads compared to ECN and the commission rate is $30 per lot.
It's not only the cent accounts which brought LiteFinance to the spotlight rather than that they are also WIDELY known for providing maximum market and trading assets that obviously includes:
Forex: You'll be given access to almost all the major and exotic currency pairs of the current time.
Commodities: You'll be able to trade on gold and oil, that too 24/7.
Global stock indexes: Now, you can trade across major global indexes which includes the US30 ( Dow Jones ).
Cryptocurrencies: Popular cryptocurrencies BTC, LTC, ETH are available to trade for an alternative trading overview.
And it’s not even the BIGGER picture!
You’ll also be getting access to:
Besides, To get the full advantage along with SMART trading experience, join LiteFinance from this very moment. Don’t hold yourself too much, alright?
LiteFinance, preliminary based on the Marshall Islands, is mainly regulated through the Marshall Islands Business Corporation Act under the license number to63888.
Later on, while the brokerage was undergoing a global expansion they got themselves regulated with one of the tightest regulatory bodies from Cyprus.
And you guessed it!
It's the CySEC ( Cyprus Securities and Exchange
Commission ) therefore, you get the idea. So, if you want to invest in LiteFinance then go ahead, do it without having any second thought about the security.
You won't be disappointed!
Trading platforms are more than enough to define the status of a brokerage. Keeping that in mind LiteFinance Ltd. is providing 2 of the BEST trading platforms of the current time and which are:
Let's face it!
We all know how the MT4 and MT5 perform in live trading and we're not even making this up.
There are actual proofs to back this up.
Besides, you'll be eligible to use them both on windows and mac and that too simultaneously. Also, the web trading platform is pretty decent as it's heavily customized and offers plenty of features.
Despite all this, The trading platforms offer, amplified charts, patterns, trading indicators, economic calendar, 20+ timeframes, and much more!
Mobile trading apps are blowing up in recent days. We really can't deny the fact that we're more attached to our smartphones rather than anything else.
Therefore, mobile trading apps can come in handy.
Keeping that in mind, LiteFinance offers its own user-centric along with well customized mobile trading app which operates on the MT4 and MT5 trading platforms. You'll be getting market alerts, price predictions, technical analysis, trading strategies through the app.
Besides, the app is available for both android and ios devices also features eight different languages for traders across the globe.
Like all the other brokers, LiteFinance also renders various trading bonuses to its clients. Though they don't provide any no deposit or welcome bonuses, you might get some percentage from your deposited amount.
And for that, follow the method stated below:
Moving on, you can also win a decent prize pole by participating in the demo and live contests which they hold from time to time. In the demo contests, you might win about $2,000. Besides, in the partner's contests, there's a fair chance of winning $25,000 all for yourself.
LiteFinance allows a vast range of transaction methods so that the traders don't face any unnecessary hassle while undergoing the deposit or withdrawal process. They allow:
Note: You can also use several cryptocurrencies such as BTC in order to refund your trading account if they don't permit Paypal.
Apart from that, LiteFinance ensures withdrawals within a day but the amount has to be $100 or less otherwise it won't be performed in a day.
LiteFinance is widely praised by traders all across the trading sphere for providing an active along with an effective customer support program.
If you have any trading-related queries then you can contact them through their live chat procedure which stays active 24/7.
Apart from that, you can also interact with them through:
Besides, you can find the official community of LiteFinance in almost all the renowned social media platforms including Facebook, Instagram, Twitter, Linkedin, YouTube, Telegram.
In the foreign exchange market, learning more has no exception and that's something you shouldn't ignore.
Therefore, LiteFinance has paved a lot of opportunities for the traders by giving them access to all the learning materials including, educational videos, quality blog posts, news and analysis, trading guides, and much more!
You can withdraw money from the trading account via your Client Profile in the "Finance" section, using the same payment systems that have been used to top up the account. Please take note of the Company’s AML Policy (the funds can be transferred to the same purse and in the same currency which has been used for making a deposit), and the level of verification required for different types of withdrawals.
Provided that all accounts belong to you and are located in the same Profile, a monetary transfer from one trading account to another can be carried out automatically in the Client Profile in the section "Metatrader". This type of transaction can be made by clients themselves without the help of the Company’s Financial Department. Money is transferred from one account to another instantly. The number of internal transfers is limited to 50 operations a day.
If you wish to earn with LiteFinance, you can choose one of the following types of partnership programs:
- CPS
All these programs provide different cooperation opportunities, that’s why you will find for sure the one that suits you best. Depending on your experience, potential and the expected result, you can choose any program which fits you best.
There are no limits on any type of account. The amount you need to conduct trading operations in accordance with your trading strategy in a comfortable way can be calculated using Trader’s Calculator. You can find more detailed information about the types of accounts on the page "Тypes of trading accounts"...
Withdrawal requests are processed manually by the Financial Department during its working hours. According to the Client Agreement, the transfer is performed on a first-come-first-served basis within 1 working day from the date of request. Kindly pay attention to the fact that if you use bank wire transfer, it can take up to 5 working days to process your transaction, depending on the operation speed of the sender’s and beneficiary’s banks.
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 the 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$.
All the features of the service are set out here.
LiteFinance Investments Ltd, founded in 2005, is domiciled in Cyprus and regulated by CySEC. They also have a Marshall Islands branch which is subject to a more flexible, looser regulatory regime.
The LiteFinance brand was created in 2005 with an aim to provide a transparent and accessible trading opportunity to the world traders and investors.
I have experienced no delays in withdrawing my earned funds with LiteFinance. However, I did encounter an issue with one withdrawal, but their tech support quickly resolved it. Their efficiency and responsiveness are commendable. Well done, LiteFinance!
LiteFinance is one of the best brokers I've used. Many people have a gambling mindset when they start trading, which leads them to think that every broker is a scam at the slightest loss. But I have learned that it's important to prepare and study before jumping into trading. LiteFinance has been exceptional in providing the right tools and resources for successful trading.
I've been using LiteFinance as my broker since 2016, and it's been the best experience so far. They are reliable and up-to-date with the latest market trends. The representative in Malaysia has always been helpful and provided great support. I am very pleased with this broker and would rate them 5 stars!
Since I started trading with LiteFinance, I have found them to be the most reliable and smooth broker I've come across. I have no intention of switching to any other broker. LiteFinance has won my loyalty.
I've been trading with LiteFinance for two years, and I must say that their support team and dealing department have always treated me with respect and professionalism. Every question I've had was resolved promptly, and each withdrawal request was processed within a few hours. I understand that it may take longer during weekends, but overall, it's one of the best services I've ever used.
I've been trading with LiteFinance since 2014, and I am completely satisfied with their services. What stands out to me the most is their fast and automatic withdrawal process, convenient web terminal and mobile application, low spreads on ECN accounts, and overall good trade performance. Over the years, I've encountered some issues, as is common with any broker, but LiteFinance has always resolved them quickly and in my favor. I highly recommend trading with this broker.
LiteFinance is a fantastic and trustworthy broker that provides excellent forex trading services. One thing that sets them apart is their live chat room on their website, where customers can interact with each other and share trading ideas. It's a rare and valuable feature that enhances the trading experience. Please continue to maintain this level of excellence, LiteFinance.
I really appreciate LiteFinance for sending me daily receipts of my transactions. It's incredibly helpful in keeping track of my account and maintaining a steady overview.
My trading record with Litefinance has been bad . Waste traders time.
My trading record with Litefinance has been horrible. I invested $250 in the account and routinely trade with it, then I deposited $600+ in another account and did not trade for a month.
LiteFinance creates a super-platform for forex traders. The best part for me is the handy mobile transfer system. 100% recommendation for learners.
