LiteFinance Review 2023

/ 5
LiteFinance is #101 in our CFD broker rankings.

LiteFinance will suit traders seeking high leverage on forex, stocks, commodities, indices and cryptocurrencies. The social trading system will also suit newer investors looking to learn from seasoned traders.

- DayTrading Review Team

LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a classic commission-free account as well as an ECN account with very low commission fees of $0.5 per lot and spreads starting from zero.


Demo Account

Copy Trading

MetaTrader 4
MT4, MT5
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Rebate on payment fees
Bitcoin Payments, Visa, WebMoney, QIWI, Mastercard
and 7 more

Forex Trading

With 55 forex pairs and cross pairs available, including a good selection of minors and exotics, LiteFinance is a good option for forex traders. Although it falls short of some competitors who offer 70 or 80+ forex assets, the affordable pricing makes this broker an attractive option.

Stocks Trading

LiteFinance offers CFDs on an excellent range of stocks traded on the NYSE, NASDAQ, Euronext, LSE and XETRA. The ECN account offers a cost-effective way to speculate on stock prices thanks to the very tight spreads, and traders can benefit from high leverage, though they will not own physical stocks.

CFD Trading

CFDs are available on a breadth of assets including stocks, ETFs, indices, commodities and cryptocurrencies with both zero-commission and low-commission, tight spread accounts available. LiteFinance also offers high leverage of up to 1:500, providing significant trading opportunities.

Crypto Trading

LiteFinance offers 62 cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade.

Copy Trading

LiteFinance offers a forex copy trading solution with hundreds of master traders. Simply decide how long you want to invest for and the amount, for example, $500 for three months.

✓ Pros

  • Good range of forex and stocks to trade
  • Excellent prices and tight spreads on the ECN account
  • Great trading platform support with MT4, MT5 and a proprietary mobile app
  • High leverage available up to 1:500
  • Decent suite of extra tools and features
  • Social trading available

✗ Cons

  • Not overseen by any top-tier regulator
  • Some complaints online about difficulties withdrawing funds
  • Does not accept US or EEA customers

LiteFinance, formerly known as LiteForex, is an established ECN broker. Clients can trade currencies, commodities and stocks on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In this broker review, we explore the complete LiteFinance trading experience, from the sign-up process to deposit and withdrawal options, contacting customer support, bonuses and leverage; helping you to make an informed choice.

LiteFinance Headlines

LiteFinance (ex LiteForex) was founded in 2005 by Aleksey Smirnov. Today, its brokerage services are used by 500,000 clients worldwide. It offers a range of assets, two of the most popular trading platforms and flexible account options with the aim of making the world of forex and CFD trading accessible to a global audience.

LiteFinance is owned by LiteFinance Global LLC. The group has offices in the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, Iran, and a recently opened office in Lagos, Nigeria. Services are available in English and 14 other languages.

Note, LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only.

Trading Platforms

LiteFinance offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Developed in 2005 and 2010 respectively, these systems have become the foremost platforms for online forex and CFD trading.

The terminals can be downloaded to Mac or PC devices. Alternatively, the WebTrader interface lets you trade directly from an online browser. The setup and verification process is quick and intuitive so users can start trading within minutes.

Is LiteFinance Investment Limited regulated?

Both downloadable platforms are user-friendly while the web terminal offers a range of options for customization. They provide multiple chart types including, line, candlestick, and bar charts. MT5 offers more indicators and advanced analysis tools than MT4 including a built-in economic calendar, 21 timeframes, plus a Depth of Market feature. Still, MetaTrader 4 remains the most popular platform and has everything needed to implement successful trading strategies.

Assets & Markets

LiteFinance offers multiple asset classes which are available to all account holders:

Spreads & Commissions

The brokerage takes its fee from the spread. Spreads are specific to the account and asset being traded. The Classic account uses a spread-based system and the ECN account, a commission-based system.

With the latter, commission is charged at $0.5 per lot alongside spreads from 0.0 pips. Spreads on the Classic account are relatively high, starting at 1.8 pips but with no commission.


Leverage up to 1:500 is available. When signing up, users can select the leverage they want. Details of the margin call process can be found in the FAQ section of the broker’s website. Make sure you have a sensible money management plan when trading with high leverage.

Crypto leverage goes up to 1:50.

Mobile App

LiteFinance offers its own mobile trading application, available from Google Play and the App Store. The application offers access to 190 instruments, over 100 graphical tools, and 75 indicators. Users also benefit from signals and copy trading, plus automatic withdrawals up to $3000. In addition, the app was updated in 2022 to provide a more stable and reliable trading experience.

Mobile trading is also available through the MT4 and MT5 platforms. The apps are available to download free of charge on both Android (APK) and Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies. The mobile applications are also easy to navigate and available in eight different languages.

Mobile trading offers greater flexibility than desktop trading but for data-intensive tasks, the desktop solution is easier to navigate.

LiteFinance best of the best traders
Mobile app

Deposits & Withdrawals

Traders can deposit directly into their LiteFinance account via:

The minimum deposit for all accounts is $50 and payments are usually processed on the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin.

LiteFinance offers an automatic withdrawal feature that enables traders to withdraw funds up to $100 per day within 24 hours and is available on Perfect Money and M-Pesa. Withdrawal charges are specific to the provider.

Note, PayPal is not available.

Demo Account

LiteFinance offers a free demo account which is a great way to get to grips with the broker, and its platforms, risk-free. The sign-up process is straightforward and an account can be opened in under a minute. Demo accounts are useful for traders of all experience levels.

Bonuses & Promotions

At the time of writing, LiteFinance does not offer a welcome bonus or any promo codes. However, there is a promotional offer to get a rebate on deposit fees, so payments are essentially free.

Also, the brand runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000.

Visit the broker’s website for the latest no deposit bonuses and promo codes in 2023.


LiteFinance is owned by LiteFinance Global LLC. LiteFinance Global LLC is incorporated in St. Vincent & the Grenadines under registration number 931 LLC 2021.

LiteForex (Europe) Limited is registered by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID). All retail clients are insured by the Investor Compensation Fund.

Additional Features

LiteFinance has a cabinet of tools to facilitate successful trading including; an economic calendar, a world market news blog, and both a margin and Fibonacci calculator all accessible via the homepage.

Additional support is supplied in the form of Claws&Horns’ expertise; an analytical agency providing comprehensive analytical tools.

LiteFinance quarterly report
Claw & Horns analysis

Account Types

LiteFinance offers two primary live accounts; the ECN account and a Classic account.

ECN Account

For professional traders and investors, LiteFinance recommends the real-trading ECN (Electronic Communications Network) account. The account offers an interest rate of 2.5% on surplus funds, an unlimited number of transactions and trades are delivered directly to liquidity providers.

Note, only the MT4 platform is available to ECN account holders.

Classic Account

The Classic account is available to experienced traders. No interest is paid on surplus funds and no commissions are charged. Both the MT4 and MT5 trading platforms are available.

To sign up for an account, select ‘Registration’ which you will find in the top right-hand corner of each page.

ECN vs Classic accounts? Both have their merits, so ensure you do your research. As accounts correspond to different servers, it is not possible to change the account type once opened, to do so you will need to delete the account.

A Forex Islamic account is a halal trading account and is available to investors prohibited from conducting trades involving interest rates, owing to religious beliefs.


LiteFinance picks up particularly good ratings in the following areas:


The primary drawback is that some users have reported an inability to withdraw funds. Fortunately, the customer support team seem prompt to respond to reported withdrawal problems. Other downsides include the lack of PAMM accounts.

Trading Hours

Trading platforms are open and usable 24/7, however certain markets only permit trading between specified hours. This is something to consider when trading stocks at the weekend, as it is likely margins will be lower and profitability reduced.

Any changes to standard trade hours are reliably communicated by the LiteFinance news blog. Also check for the respective server time where you’re based.

Customer Support

Access to advice can be found via the live chat feature available from the logo on the LiteFinance website. Once users are passed the login page, the live chat icon will appear in the bottom right-hand corner of the screen. Alternatively, traders can contact customer service representatives via:

Customer support can help with most queries, including internal transfers and admin issues.

Community forums can also be found on:

The broker’s headquarters office address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines.

Safety & Security

LiteFinance offers a safe and secure platform and the site is protected with firewalls and isolated servers. LiteFinance recommends a VPS to manage trades whilst users’ gadgets are switched off. It is not reliant on an internet connection or power supply and offers a degree of security to web traders.

In 2021, the broker also introduced two-factor authentication to enhance the security of operations.

LiteFinance Verdict

LiteFinance is a legitimate broker with a lot to offer. There is a good range of tradeable forex and CFD assets, plus the MT4 and MT5 platforms.

The website is easy to navigate, support is easily accessible and there are multiple free analysis tools. The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets.

Accepted Countries

LiteFinance accepts traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries.

Traders can not use LiteFinance from United States, Japan, Israel, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Russian Federation.

Payment Methods

LiteFinance Details

Minimum Trade 0.01 lots
Regulated By CySEC
Account Types
  • ECN
  • DMA
Islamic Account Yes
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions Yes
Managed Accounts No
Market Maker No
Auto Trading Yes – EAs compatible
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • Gold
  • Oil
  • Silver

CFD Trading Details

FTSE Spread 0.8
GBPUSD Spread 0.8
Oil Spread 5.5
Stocks Spread Variable
Leverage 1:500 (Crypto 1:50)

Forex Trading Details

GBPUSD Spread 0.8
EURUSD Spread 0.2
EURGBP Spread 0.5
Assets 55

Cryptocurrency Trading Details

Crypto Spread From 0.1
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • AAV
  • ADA
  • ALG
  • ALI
  • ATO
  • AVX
  • AXS
  • BCH
  • BNB
  • BTC
  • BTG
  • COM
  • DGE
  • DOT
  • DSH
  • ENJ
  • EOS
  • ETH
  • FIL
  • ICP
  • ILV
  • ITA
  • KAV
  • LNK
  • LTC
  • LUN
  • MKR
  • MNA
  • MTC
  • NEA
  • NEO
  • OMG
  • QTM
  • SIA
  • SND
  • SOL
  • STX
  • THT
  • TRX
  • UNI
  • VET
  • XLM
  • XMR
  • XRP
  • XTZ
  • YFI
  • YGG
  • ZEC
  • ZIL

Compare LiteFinance

Compare LiteFinance with similar brokers that accept traders from your location. Among available brokers these are the most similar to LiteFinance:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. – boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
    Go to
  3. Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
    Go to Just2Trade

LiteFinance Comparison Table

Compare LiteFinance With Similar Brokers
LiteFinance IG Group Just2Trade
Rating 4 4.4 4.5 3.5
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Stocks, ADRs, ETFs, futures, options, commodities, bonds
Demo Account Yes Yes Yes Yes
Minimum Deposit $50 £250 $100 $100
Minimum Trade 0.01 lots 0.1 lots $1 0.01
Bonus Rebate on payment fees Up to $2,000 for professional accounts
Education No Yes Yes No
Platforms MT4, MT5 MT4, AutoChartist, TradingCentral MT4, MT5, TradingView, AutoChartist, TradingCentral MT4, MT5, TradingCentral
Leverage 1:500 (Crypto 1:50) 1:30 1:200 1:5 to 1:20
Payment Methods 12 6 8 20
Visit Visit Visit Visit
Review LiteFinance
IG Group

Compare Trading Instruments

Compare the markets and instruments offered by LiteFinance and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare LiteFinance Trading Instruments
LiteFinance IG Group Just2Trade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes Yes
Options No Yes Yes Yes
ETFs No Yes No Yes
Bonds No Yes No Yes
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

LiteFinance vs Other Brokers

Compare LiteFinance with any other broker by selecting the other broker below.

LiteFinance vs


Is LiteFinance A Trusted & Good Broker?

LiteFinance is a legitimate, established broker. All activity is monitored and clients should feel reassured that their funds are held safely.

What Is The Minimum Deposit For A LiteFinance Account?

LiteFinance has a minimum deposit of $50. This is in line with industry requirements. Payments are usually processed the same day. As an alternative, clients can also fund their accounts using cryptocurrencies.

Who Is The Owner Of LiteFinance?

Aleksey Smirnov is the CEO and owner of LiteFinance. Smirnov founded LiteForex in 2005 and has been at the helm ever since.

Is LiteFinance Available In The USA?

No, LiteFinance is not available to residents of EEA, Russia, USA, Japan or Israel.

Is LiteForex The Same As LiteFinance?

LiteFinance was formerly LiteForex. The company rebranded in 2021 ahead of its global expansion.

How Does LiteFinance Compare Vs FXTM, XM, OctaFX, HotForex And FBS?

Traders should research thoroughly but this brand has a strong history and is a credible option for beginner investors. On the downside, spreads and fees are slightly higher with the commission-trading account versus competitors.

LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a classic commission-free account as well as an ECN account with very low commission fees of $0.5 per lot and spreads starting from zero.