General Information
LiteFinance Is An Offshore Registered Forex Broker In Saint Vincent And The Grenadines. The Broker Offers Multiple Trading Instruments Across Multiple Asset Classes, Very High Leverage, And Trading Across Multiple Platforms.
In The European Union, The Same Forex Broker, Known Under The Name LiteForex, Is Registered And Regulated In Cyprus. However, For The Purposes Of This Review, We Will Only Cover The International Brand LiteFinance.
As Expected From Brokers With Dual Domestic/offshore Regulation, Traders In The European Union Cannot Register LiteFinance, But LiteForex Welcomes Them.
Like Forex Brokers Registered In St. Vincent And The Grenadines, LiteFinance Is Completely Unregulated. This Means That There Are Certain Risks Associated With Depositing On It, Including Possible Losses In Capital If The Broker Goes Out Of Business, Etc.
Account Types
Traders Who Trade With LiteFinance Can Choose Between ECN Accounts With Low Floating Spreads And Commissions, Or Classic Accounts With Large Spreads But No Commissions. Both Accounts Offer Ultra-high Leverage Of Up To 1:1,000 With A Minimum Deposit Of Just $50.
In Addition To Two Regular Trading Accounts, A Swap-free Account For Muslim Traders And A Demo Account For Practice Purposes Are Also Available.
Leverage
Maximum Leverage Of 1:1000 Is Available
Market Tools
LiteFinance Offers Trading Tools Including Over 50 Forex Pairs, A Reliable Selection Of Over 60 Cryptocurrency Pairs, Over 100 Individual Stocks Listed In The US And Europe, As Well As Major Stock Indices And Commodities. All Assets Are Traded In The Form Of Contracts For Difference (CFDs), A Very Popular And Common Type Of Derivative Among Retail Traders.
Trading Platform
When It Comes To Trading Platforms, LiteFinance Has Something For Everyone. From MetaTrader 4 And 5 (MT4 And MT5), To The Popular CTrader Platform And Its Own Mobile App, LiteFinance Does Take Extra Steps To Ensure That All Of Its Clients Have Access To Their Favorite Platform.
Customer Support
Traders Who Wish To Get In Touch With LiteFinance's Support Team Can Contact Us Via Live Web Chat, Skype, Telegram And Email. The Broker Promises On Its Website That Support Staff Are Available 24 Hours A Day On All Trading Days.
Notably, LiteFinance Also Has A Network Of Local Representative Offices Around The World, Including Countries Such As Egypt, Indonesia, Nigeria, Thailand And Vietnam. Most Of These Offices Also Share WhatsApp Phone Numbers And Contact Details For Anyone Who Wants To Contact Them Directly.
Summary
All In All, Our Impression Is That Today LiteFinance Is A Relatively Strong Brand, Especially In Asia And Africa, Where They Have A Large Network Of Local Representatives. At The Same Time, Europeans Can Still Trade With Branches In Cyprus If They Wish, While Americans And Nationals Of Some Other Countries Are Excluded. Nonetheless, We Believe That The Broker Offers A Strong Product For Anyone Interested In Trading A Wide Range Of Instruments On A Familiar Trading Platform With High Leverage.
