Forex Broker Review: LiteFinance | Forexlive

LiteFinance has provided brokerage
services since 2005. The company’s favorable trading conditions have attracted
more than 1 million active traders. LiteFinance’s clients can access the latest
analytical materials, signals, and training articles to make forecasts easier.
They can trade in Classic or ECN accounts with tight spreads and at the best
prices in the Forex, stock, and commodity markets. The company’s dedicated trading
platform
provides over 150 financial instruments: currency and crypto pairs, cross
rates, CFDs on shares, oil, and precious metals. Besides, LiteFinance’s traders
can open accounts on the most popular platforms — МТ4 and МТ5.

Why trade with LiteFinance

One of the main trading advantages at LiteFinance is
ECN accounts, which means the trader’s transactions are transmitted to the
market via liquidity providers. LiteFinance works with several liquidity
providers so that the trader can trade with raw spreads and no requotes at the
best market price (Market execution). The broker’s fees are really low because
the number of its active clients is huge.

For example, the spread on the most popular Forex pair
EURUSD starts from 0 points in ECN accounts and 0.00002 points in Classic
accounts. The fixed commission on stock indexes is just $0.5 per lot in ECN
accounts and is not applied to Classic accounts. The commission on shares is
just 25 cents per share, one of the lowest in the market regarding raw spreads.

LiteFinance has developed a comfortable trading
environment where user data is safe, and money can be easily withdrawn.

The minimum deposit is $50 in Classic accounts, and
the recommended minimum deposit for ECN accounts starts from $500. Regardless
of their deposit, all LiteFinance clients are provided the same quality of
service. The company’s reliable reputation makes sure that they can trade with
the lowest risks and highest profits.

Available markets and trading assets

Three major financial markets are open to
LiteFinance’s clients: currency, stock, and commodity markets. Traders can use
more than 150 various assets.

Currencies

Currency trading is the main direction of LiteFinance’s
activities in Forex. The broker provides access to the unlimited liquidity of
the world’s currencies. Besides popular currency pairs, users can access a
variety of exotic instruments and cross rates. LiteFinance allows its traders
to hedge and diversify risks and ensures instant execution of orders.

Commodities

Oil and precious metals attract traders during
economic crises because their rate is not susceptible to drastic movements.
Commodities are traditionally considered a safe haven for investors where they
can save money and wait for a storm to calm down. On the LiteFinance platform,
you can trade two major oil benchmarks and the most popular precious metals,
like gold, silver, platinum, and palladium.

Stock indexes

Stock indexes are a barometer of a country’s or a
sector’s economic health. They usually include at least 20 stocks of various
companies grouped together based on some criteria. Thus, their price almost
cannot turn negative: for that to happen, a global financial crisis has to
unfold, or one of the major companies included in the index has to go bankrupt.
And such fundamental developments are usually easily predicted as they are due
to objective economic factors. So, investing in stock indexes is normally used
to diversify risks. LiteFinance provides access to 11 leading global indexes,
including S&P 500, DJIA (Dow Jones), and NASDAQ.

European and American stocks

As an alternative to traditional investments, the
LiteFinance broker offers CFDs on shares. This option turns out more profitable
in most cases as it allows one to profit from a price difference without owning
the real asset. Some companies’ stocks cost really much, and dividend payments
may not be regular during difficult financial times. LiteFinance provides access
to CFDs at the biggest US stock exchanges — NYSE and NASDAQ — and three
European exchanges: EURONEXT, LONDON LSE, and XETRA.

The minimum raw spread starts from 0.01 points for
most stocks.

Trading account types at LiteFinance

LiteFinance features two types of trading accounts:
Classic and ECN. Their main difference is how the broker’s commission is
calculated. The broker’s commission includes a market spread and markup in
CLASSIC accounts. In ECN accounts, the broker charges a fixed fee plus a raw spread.

Besides, ECN accounts allow the trader to use
speculative strategies and news trading and do not impose limits on how long a
trade should last. Any conflicts of interest are excluded in such accounts as
assets are bought or sold through liquidity providers.

A Classic account will better suit experienced traders
who know the market well and prefer traditional time-proven techniques.

LiteFinance’s trading platforms and technologies

Trading platforms give traders access to financial
markets. On trading platforms, traders can go over price charts, buy or sell
assets, and have the necessary information to analyze a market situation.
LiteFinance’s clients can trade on three platforms: MT4, MT5, and the broker’s
dedicated web platform.

MT4 and MT5

MT4 is focused on the currency market, and its
user-friendly interface made it extremely popular with traders. Compared to
modern platforms, its set of functions is somewhat limited, but most users find
it’s enough for doing complete analysis.

MT5 is a higher-tech trading platform. The main
difference is that this platform grants access to the stock and commodity
markets and allows trading there simultaneously. It features more functions,
allowing traders to make more accurate predictions based on statistics and
various graphic analysis tools.

LiteFinance web platform

LiteFinance has worked out a dedicated trading web
platform so that its clients can work with more comfort. Trades opened on the
online platform are automatically synchronized with MT4 or MT5, and the client
can trade on both platforms simultaneously. LiteFinance invested all its
accumulated experience into developing this web platform, so it combines the
advantages of popular platforms and is easy to use.

LiteFinance’s platform is a fully-developed trading
system. It’s fast, user-friendly, and multifunctional. The clients can choose
from various liquid trading instruments: currencies, cryptos, metals, stocks,
and stock indexes. The platform features signals, analyses, and trader chats so
that LiteFinance’s clients from all over the globe can share experiences. They
can also subscribe to channels like the traders’ blog, where professional
traders regularly publish new training materials.

The platform allows one to open a demo account without
registration. So, beginners can start figuring out the platform easier and
faster while experienced traders can perfect their strategies.

Beginner traders will also be interested in a copy
trading function. The LiteFinance platform allows clients to analyze all
trading instruments deeply and comprehensively. More than 75 graphic analysis
instruments are built into the platform.

Other advantages include a built-in economic calendar,
automated withdrawals up to $5,000 a day, and Islamic swap-free accounts. The
web platform executes orders based on STP/NDD technologies, so price slippage
is excluded.

The platform’s social component is worth a special
mention. Built-in chats serve as a fully-fledged analytical tool as they allow
users to receive up-to-date market information directly from their go-to peers.
Those who want to attract investors or share forecasts with a large audience
can set up as many thematic chats as they want. Thus, the trader can subscribe
to such channels and keep current on market events better than with official
sources.

The platform runs in a browser and is adapted to any
device so that traders can do trading at any convenient time on their computer
or mobile phone.

Copy trading system

The copy trading option will suit beginner traders who
are just setting off and are not confident about their trading decisions. They
can rely on professional traders’ experience and significantly reduce trading
risks. Contrary to the PAMM system, the client does not put their money in
another person’s account. It’s kept in the client’s account. Trades are automatically
copied from an experienced trader’s account to the attached investors’
accounts.

Users can choose their best-suited traders from the
list, ranging them by risk and profitability. Then they can start copy trading.

Affiliate programs

LiteFinance’s affiliate programs are an alternative
way of earning money through a broker. Such programs aim to attract new clients
that will yield profits for the company. The broker shares such profits with
its partners. Participation in an affiliate program can generate extra profits
or be a fully-fledged business.

Revenue Share
program

A user registers on the platform as a partner and gets
a personal affiliate link. A client who opens a profile using the link and pays
a $100 deposit is called a “referral.” The partner earns a commission
of up to $15 from referrals’ trades. When a referral registers in an affiliate
program, they become a sub-partner. The partner will then receive an extra 10%
of their profits. Under this program, the partner can set a cashback for their
clients.

CPS program

Participants in this program can earn up to $50 for
each referral and 10% of each sub-partner’s trading volume. The difference is
that the partner is paid a commission after a referral has conducted 50 trades
of at least two lots in total.

LiteFinance’s hall of fame

LiteFinance’s high-quality service and cutting-edge
products have been recognized by clients and go-to thematic magazines
worldwide. The company has been awarded more than 20 titles.

The latest ones include the Global Brands magazine’s
awards for the Best Forex trading software in Africa and the development of the
most innovative online trading technologies. LiteFinance’s mobile trading
platform has also been awarded the best platform title at Smart Vision
Investment Expo 2021 in Cairo.