Advantages: Low spread
Disadvantages: Low number of cryptocurrency
Glad to trade hear, commissions low. Can trade with cryptocurrency on profitable conditions. Hope number of crypto instruments will increase
LiteFinance, previously known as LiteForex, is an international forex and CFD broker focused on offering tradable instruments of different asset classes ranging from Forex to spot stocks and...
LiteFinance, previously known as LiteForex, is an international forex and CFD broker focused on offering tradable instruments of different asset classes ranging from Forex to spot stocks and stock CFDs. On many LiteFinance broker reviews, the broker ranks as one of the best forex brokers.
The trader supports the core MT4/MT5 trading platforms and offers traders mobile trading apps. Other features include quality third-party research in partnership with Claws & Horns and its proprietary copy-trading platform.
Beginners and pro traders benefit from the three account types: ECN, classic, and Cent. The ECN is perfect for experienced traders, the Classic for regular traders, and the Cent account for beginners who want to try forex trading with minimal risks.
This LiteFinance broker review further explains all you need to know to decide if the broker offers a competitive and trustworthy trading environment suitable for your trading needs and experience level.
The LiteFinance website is owned and operated by the LF Global group of companies, which include LiteFinance Global LLC and Liteforex (Europe) LTD. LiteFinance Global LLC is located in St. Vincent & the Grenadines and incorporated as a Limited Liability Company with registration number 931 LLC 2021. It does not provide service to residents of the USA, Israel, Russia, Japan, and the EEA countries.
Liteforex (Europe) LTD is a registered Cyprus Investment Firm (CIF) regulated by the Cyprus Securities and Exchange Commission (CySEC). Residents of European countries can use services offered by Liteforex (Europe) LTD.
LiteFinance is rated "average" on Trustpilot with a 2.9 rating based on 18 reviews. The "average" rating shows that many clients consider their services satisfactory.
One user was particularly interested in webinars designed for traders. The webinars offer trading lessons and teach traders how to analyze trades and set up trading strategies. Others complimented the broker on the excellent training conditions they offer traders, competitive commission, and user-friendly interface.
The negative reviews focused on withdrawal issues. Impressively, the LiteFinance customer team was on the ground to respond to these negative reviews. Judging from the reviews (negative and positive), LiteFinance is worth a trial.
LiteFinance broker supports the web and mobile versions of the popular MetaTrader 4 and MetaTrader 5 platforms. They also offer mobile apps for iOS and Android. Here is a brief review of these trading platforms.
The base currencies for all LiteFiance trading account types are USD and EUR. Deposits made with other currencies (fiat and cryptocurrencies) will be converted into any of these two currencies. Ghana, Nigeria, and Myanmar clients can have their accounts denominated in local currencies.
LiteFinance, formerly LiteForex, is owned and operated by the LF Global group of companies. The LF Global group of companies is an international conglomerate offering clients trading services. Its two subsidiaries are LiteFinance Global LLC and Liteforex (Europe) LTD.
The LiteFinance Global LLC subsidiary is located in St. Vincent & the Grenadines and is also incorporated as a Limited Liability Company. LiteFinance Global LLC does not offer trading services to European Economic Area (EEA) residents, such as EU countries and Iceland, Liechtenstein, and Norway. The company also restricts its services to traders and investors from the USA, Israel, Russia, Japan, and other countries.
Liteforex (Europe) LTD, a Europe-friendly company, is a registered Cyprus Investment Firm (CIF) under the Cyprus Securities and Exchange Commission (CySEC) regulation. Clients that trade with Liteforex (Europe) LTD have their funds insured by the Investor Compensation Fund.
LiteFinance Licenses and Regulatory Compliance
Liteforex (Europe) LTD is located in Cyprus and licensed by CySEC with license number 093/08 in compliance with the Markets in Financial Instruments Directive (MiFID)
The Investor Compensation Fund ensures all clients' funds are within the control of the Liteforex (Europe) LTD subsidiary.
LiteFinance broker provides its clients with a set of robust trading instruments and various deposit and withdrawal options under advantageous conditions of margin trading,
LiteFinance offers as much as 1:1000 leverage. The exact leverage size that a client gets depends on their account type.
Clients using the classic and ECN accounts can get leverage from 1:1 to 1:1000. Clients using the cent account are limited to a maximum of 1:200 leverage. Clients can adjust their leverage size from the corresponding option in the "Metatrader" section.
LiteFinance offers an impressive range of deposit methods for convenient Forex trading. The broker doesn't charge commissions for deposits. However, you may have to pay a transfer fee to the payment systems you use to top up your trading account. In most cases, LiteFiancne will reimburse the client for any deposit fees charged by payment systems.
Deposit Method | Commission | Minimum Deposit |
Credit card | 0% | $10 |
Local Deposit | 0% | $1 |
Deposit by bank wire | 0% | $100 |
Perfect Money | 0% | $10 |
Boleto Bancario | 0% | $10 |
M-Pesa Kenya | 0% + 100 KES | $1 |
M-Pesa Tanzania | 0% + 2000 TZS | $1 |
Africa Mobile Money | 4.5% | $10 |
AliPay | 0% | $10 |
Bitcoin Cash (BCH) | 0% | $10 |
Bitcoin | 0% | $10 |
Ethereum (ETH) | 0% | $10 |
Litecoin | 0% | $10 |
Monero (XMR) | 0% | $10 |
Ripple | 0% | $50 |
In line with LiteFinance AML policy, clients can only withdraw funds to the same purse and currency used to top up the account. Afterward, they may withdraw the remaining funds using a different payment system. So, if a trader tops up using Perfect Money, they can only withdraw using another payment system after they have withdrawn the initial deposit money that they deposited using Perfect Money.
Withdrawal requests are processed manually within 1 working day from the date of request by the Financial Department. All withdrawal requests are processed during working hours on a first-come, first-serve basis.
International money transfers to a bank card can take up to 14 business days from the date of transfer. But most clients typically receive their funds within 3-5 days.
Note that withdrawals below 1 USD are not accepted by LiteFinance operators.
LiteFinance offers a variety of tools and resources to help novices and beginner traders learn and apply the terms and concepts of the Forex world. These include
LifeFinance is an excellent forex and CFD broker to trade with because they are officially registered and have a license to provide financial services. They also support the popular MetaTrader platforms and offer their mobile apps to traders.
The broker has been in business since 2005, when it first launched as LiteForex, and has grown its client base and reputation over the decades. With competitive commissions, free deposits/withdrawals, and up to 1:1000 leverage, the broker is worth giving a trial.
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Overall score 3.6 / 5 · 25 customer reviews
Read real reviews from traders all over the world:
Advantages: Low spread
Disadvantages: Low number of cryptocurrency
Glad to trade hear, commissions low. Can trade with cryptocurrency on profitable conditions. Hope number of crypto instruments will increase
Advantages: -
Disadvantages: Der erste Nachteil ist die Spanne. Sie mag gering erscheinen, aber mit der Zeit kann sie zunehmen und Ihre Geschäfte weniger profitabel machen, als sie sein sollten. Der andere Nachteil ist die Hebelwirkung. Die Hebelwirkung ermöglicht es Ihnen in der Regel, sich von Ihrem Broker Geld zu leihen, um Ihre Kaufkraft beim Margenhandel zu erhöhen, d. h. Sie können mehr Anteile eines Vermögenswerts kaufen, als wenn Sie nur Bargeld aus Ihrem eigenen Guthaben verwenden. Dies erhöht jedoch auch das Risiko, da die Verluste im Verhältnis zu den Gewinnen höher sind, wenn die Dinge schlecht laufen (und umgekehrt).
Es ist wichtig, alle Nachteile dieses Brokers zu berücksichtigen und dabei Spread, Hebelwirkung, Liquidität, Handelsinstrumente, Handelsbedingungen, technische Unterstützung, benutzerfreundliche Schnittstelle und Sonderangebote zu berücksichtigen.
Advantages: Der größte Vorteil dieses Brokers ist, dass er so viele verschiedene Arten von Handelsplattformen anbietet: Web, Mobile (iOS und Android) und Desktop. Außerdem gibt es verschiedene Arten von Handelskonten - von einfachen bis hin zu fortgeschrittenen Konten - so dass für jeden etwas dabei ist.
Disadvantages: Der einzige Nachteil ist, dass Sie, wenn Sie auf einer Webplattform handeln möchten (oder ein Basiskonto verwenden), zunächst die App auf Ihr Telefon oder Ihren Computer herunterladen müssen, bevor Sie sich anmelden können. Es ist nicht ideal, wenn Sie zu Hause oder am Arbeitsplatz nicht jeden Tag Zugang zu einem dieser Geräte haben.
Ich nutze den Makler jetzt seit etwa einem Jahr und habe ziemlich gute Erfahrungen mit ihm gemacht. Sie haben viel zu bieten, es gibt viele verschiedene Handelsplattformen, sowohl im Web als auch mobil. Auch das Support-Team ist großartig - es reagiert schnell und hilft, wenn man es braucht.
Advantages: Broker mit guten Bedingungen für komfortablen Handel, Demo-Konto dort kann Ihnen helfen, zu entscheiden, ob es für Sie oder nicht.
Disadvantages: Komplizierter Verifizierungsprozess und hohe Mindesteinlage
Dieser Makler ist eigentlich zuverlässig, und wenn Sie bereit sind, eine gute Handelserfahrung mit einem Makler zu bekommen, können Sie diese eine heraus überprüfen. Demo-Konto dort machte mir klar, dass die Zahlung hohe Mindesteinlage wird tatsächlich wert sein, aber ich kann sagen, dass der Prozess der Eröffnung des Kontos dort ist ziemlich kompliziert, so sollten Sie das im Auge behalten.
Advantages: Good demo account, low fees compared to other brokers
Disadvantages: The verification process is pretty complicated
I've worked with three brokers in the past before this one, and LiteForex is definitely not the worst one. It took me some time to open an account there, for some reason, but at least, I didn't have any problems with the demo account there. Moreover, this broker has pretty low fees, and after working with a few brokers, it's pretty notable.
Advantages: Good cryptocurrency service
Disadvantages: no
I opened an account with this broker to trade cryptocurrency pairs. Trading conditions are good and trades are executed quickly. I will continue to trade with this broker until one of the best conditions
Advantages: scam broker
Disadvantages: scam broker
a big scam broker and need to be… a big scam broker and need to be… a big scam broker and need to be avoided at all costs this broker have ecn accounts,but their ecn is not real their chart is differnet from traiding view.lots of manipulations and big slipages.on 23/06/2022 i opened a trade by this ticket #5060624970 i was short on nzd/jpy at price rate 84.725 .at 22:00 +4:30GMT they close my trade at 86.487 .the rate that is 200 pip higher from the real chart.i contacted them and they told me they will check it out.and after two days they didnt answer and i contact them again and they told me its because of volatility. my trade account is MT5-ECN-5562136
Advantages: Availability of several types of partner programs with the construction of a multi-level system and with cashback Automatic refund of payment system commissions when depositing and withdrawing money
Disadvantages: There is no information about how the risk level is assigned to traders from the SocialTrading rating
LiteForex is a broker that is more suitable for those who already have basic trading skills, professional traders and those who are interested in passive investing. I was looking for a broker where you can choose from a variety of payment instruments. LiteForex is fine with this, there are a whole bunch of payment systems.
Advantages: honest broker
Disadvantages: sometimes has technical issues
I have been trading cryptocurrency pairs with this broker since last fall. I often open long-term trades, I was surprised that all my trades were restored when I requsted them, a good indicator for a broker, they care about their clients.
Advantages: Excellent copy service
Disadvantages: can't upload my previous history of tradinmg
For the last 3 months I have been using the trades copy service of this broker. I noticed that the list of traders available for copying is constantly growing and you can find those who have been allowing you to copy their transactions for a long time. I am the one who allows you to copy your trades, while my statistics with a trading period of 3 months, but I will improve it. I hope I will have more subscribers willing to copy my trades, I try very hard in trading and this broker is the right place for me
Advantages: Fast execution
Disadvantages: none
This broker has a very fast ECN account. I like that all orders are opened and closed very quickly. This speed allows me to use a short-term trading strategy. Also I can use trading advisors
Advantages: Fast service
Disadvantages: Little number of crypto instruments
It is a good broker for trading cryptocurrency and other instruments. All transactions take place quickly and without delays. I like their service
Advantages: Platform, execution
Disadvantages: No
LiteForex is a good Forex broker. Fast execution, various tradable instruments, spreads are low, their mt4 trading platform is very easy to use, beginners won’t have a problem for sure. Withdrawal is fast, my money gets into my bank account in 1 business day. Couldn’t ask for more.
Advantages: Good but support is bad
Disadvantages: support
LiteForex is a nice broker, but I have to say that they must improve their customer support. I encountered a rude agent last week when I asked for a follow up on my withdrawal request. I was nicely asking her, but she seemed irritated. I can tell by her chats! It’s annoying, LiteForex must train their employees to be more patient.
Advantages: None
Disadvantages: too many to mention
Slippage, slippage, slippage. A lot of slippage with LiteForex. My stop loss is also being hunted every time. When I’m losing though, everything seems to be working fine. But when I’m winning, things get fishy. When I raise my issues, their support makes it look like I’m at fault.
Advantages: None
Disadvantages: everything's bad
LiteForex is not a good broker, at least to me. Slippage occurs, spreads are a bit higher, and customer support can be extremely slow in responding to questions. I had spent only 2 months with this broker. Now I’m with FBS, and I’m enjoying trading with this company so far. I’ve changed brokers 4 times already this year. I hope FBS is the one.
Advantages: 5 star broker
Disadvantages: None
For two years I’ve been trading Forex with LiteForex, and I can say with full confidence that this is a great broker. Spreads and commission are the lowest I’ve seen in the industry. Execution of trades couldn’t be any faster, the best! Support is also great, they are able to answer my questions professionally and enthusiastically. I’d like LiteForex to be my last broker, so I hope they keep this up!
Advantages: Good broker overall
Disadvantages: None
LiteForex is a good broker for newbies. It’s easy to understand their platform, and their trading conditions are very beginner-friendly. My account manager is very helpful from account opening until now. Technically, their execution is fast, and the trading platform is very stable and responsive. I like LiteForex!
Advantages: Fast withdrawal process
Disadvantages: None
So far so good with LiteForex! Been trading since the start of the covid lockdown here in my country. I started with an initial capital of $500. I have been able to grow it to $2000 and have requested withdrawal of $500 on different times. They were able to process them quickly! Their servers are reliable, and customer staff members are real professionals. Spreads can be expensive at times, but only during high volatile conditions.
Advantages: Good trading conditions
Disadvantages: but slow withdrawal
I have been using LiteForex for a year now because I don’t have many options for brokers in where I’m from. LiteForex says withdrawal via Skrill takes only a few hours, but no, it takes more than a day to process my request. There’s never a time I get my withdrawal within a few hours. False advertising at its best.
Advantages: Average broker
Disadvantages: Slow execution sometimes
LiteForex to me is an average broker. There are times when their execution is a little slow, like their server can’t keep up with the demands of traders. Also, their spreads can be too expensive, especially during high volatile market conditions. In fairness, I haven’t experienced issues in withdrawing money. I just hope they invest more in technology to make things faster.
Advantages: Great broker
Disadvantages: None
Started trading in 2009, and since then, I’ve tried several brokers. They’re good at first, but as soon as I started making money and stopped depositing funds into my account, things went bad. The case is different with LiteForex though. I’ve withdrawn many times without any problem. I get the right support from their reps, and even my account manager. I’m very satisfied.
Advantages: none
Disadvantages: useless customer support
LiteForex has probably the worst customer support! They’re very unprofessional, who seem not to know what they’re tasked to do. They’re supposed to know their products, and processes, but no! They have no idea what they’re talking about! I asked them about their bonus programs, but they weren’t sure about the bonuses’ features and terms! They’re pretty useless.
Advantages: Trusted broker
Disadvantages: Less number of bonuses
I ordered the withdrawal of funds and received them after 4 days, I expected that it would be much faster. But I am convinced that there were no problems with the withdrawal, the amount was large, and the first withdrawal of funds is always exciting. This is always a surprise. I can trust this broker and continue to trade further
Advantages: no advantage
Disadvantages: withdrawal issue
Left Liteforex last month and thought I should share my not so good experience with them. Started with Liteforex in October 2019 and the first two months were smooth and fuss-free. Could use any strategy or system I want, I didn’t see any manipulation, and no widening of spreads whatsoever. In December I withdrew 700 USD from my trading account through Skrill and I was able to receive the funds within a few hours. But things went fishy when I tried withdrawing 1500 USD in February. All of a sudden they told me that my account wasn’t verified. It’s just odd cos how come they were able to process my previous withdrawal request? So I just did what I was told and submitted documents. However, every document I sent them including a court affidavit was rejected. I threatened them that I’d raise the issue on broker review sites, and they suddenly accepted my documents. Eventually I got the money, but I decided to pull out all my available funds and just switched to another broker cos something was really off.
LiteFinance offers three types of accounts: ECN for experienced traders, Classic for regular traders, and Cent for beginners. They also offer Islamic (swap-free) versions of these accounts and demo trading accounts for beginners and those who want to test their trading strategies.
Tradable instruments on LiteFinance trading platforms include:
Find the right answer to your question below.
No. LiteFinance is not a scam because it is registered per all legal requirements and regulations. The broker's compliance is subject to external audits, and many expert financial publications recommend them for providing reliable brokerage services.
Visit LiteFinance and select Registration" from the menu at the top of the page.
To see the full broker review click “See review”, to see the complete comparison visit the comparison page.
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| Overall verdict | 4.5 / 5 | 4.4 / 5 | 4.4 / 5 | 3.9 / 5 | 4.4 / 5 |
| Minimum deposit | — | — | — | — | — |
| Maximum leverage | — | — | — | — | — |
| Withdrawal fee | — | — | — | — | — |
| Deposit fee | — | — | — | — | — |
| Safety | 4.2 / 5 | 4 / 5 | 4.7 / 5 | 4.5 / 5 | 4.7 / 5 |
| Top-tier regulators | CYSEC | No | ASIC, BaFIN, CYSEC, FCA | FINMA | Yes |
| Investor protection | No | No | Yes | No | No |