Apart from opening trading opportunities with 3 main types of accounts consisting of Cent, Classic, and ECN, the LiteFinance broker also provides various deposit and withdrawal facilities. You can choose a wire transfer, credit card, or e-payment system to expedite the process of depositing and withdrawing from a trading account. What's special is that you can also choose the path of direct deposit and withdrawal via a local bank at LiteFinance.

To clarify the description of each deposit and withdrawal method on LiteFinance, see the full review below:

Wire Transfers

This method is familiar to traders who prioritize security and don't mind going through the complexity of the transaction process, or are ready to bear sizable transfer fees.

At LiteFinance, the minimum deposit and withdrawal amount via wire transfer is 100 USD. You can get fee waivers when you deposit because LiteFinance will transfer back the fee paid to fulfill the transaction requirements from your bank. The process can be requested by sending a refund request to the Financial Department ( [email protected] ), along with a copy of proof of payment or SWIFT containing information on the amount of your deposit.

However, because LiteFinance does not cover transaction fees for the fund withdrawal stage, then of course you need to be prepared to bear the transfer fees charged by your bank if you make a withdrawal using this method.

Credit card

Deposits and withdrawals at LiteFinance can also be done using Visa and MasterCard credit cards. For deposits, the minimum amount that can be paid is 10 USD. Because this deposit system does not require third-party payment services, payments will be directed directly to LiteFinance which can prevent you from being burdened with transaction fees. Meanwhile, the provisions on the minimum amount and transaction fees for the process of withdrawing funds may vary.

E-payments

The choice of e-payment as a LiteFinance deposit method is categorized under "Electronic Transfer". There are many types of e-payments available, but there are not many different terms provided by LiteFinance. In terms of deposits, all payments via e-payment have a minimum limit of 10 USD. Meanwhile, if you choose WebMoney, Skrill, Skrill ONE-TAP, OK PAY, or Neteller, there is an added advantage, namely free transfer fees. Meanwhile, for withdrawals, LiteFinance lists conditions for a minimum amount and fees that vary widely.

Local Withdrawal Deposits

This method allows you to deposit and withdraw funds between local bank accounts. This is possible because deposits and withdrawals are made through official LiteFinance representatives in Indonesia. The only requirement is that the deposit and withdrawal amount cannot be less than 100 USD.

You can start the local deposit or withdrawal process via Client Cabinet, or by directly clicking on the buttons available on the LiteFinance homepage.

Next, you can continue the transaction step by completing the submitted form.

Steps to deposit on LiteFinance can be started by:

• Go to the LiteFinance site
• Log in to the Cabinet Client
• Click the "Deposit" section
• Select your payment method category
• Click the "deposit" button under your preferred deposit method

Meanwhile, if you plan to withdraw funds from a trading account, then the method is:

• Go to the LiteFinance site
• Log in to the Cabinet Client
• Click on the "Withdrawal" section
• Press the "Withdraw" button under your preferred withdrawal method

Conclusions and Recommendations

Seeing the various LiteFinance deposit and withdrawal methods above, of course, you don't need to be confused about choosing the most appropriate transaction medium for your needs. If convenience and low transaction fees are your priority, you can choose e-payment, or a local withdrawal deposit if you don't mind meeting the minimum transfer requirement of 100 USD.

On the other hand, the wire transfer method is suitable for those of you who prioritize security, while a credit card can be chosen if you are used to transacting online with this payment medium before. However, it should be noted that the time for deposits and withdrawals via wire transfers is generally longer than transactions via e-payment.

Whatever your choice will be, make sure that the deposit and withdrawal methods or the bank account used in the deposit and withdrawal process are always the same. So if later you use a wire transfer for a deposit, the forward withdrawal transaction will only be successful if it is done using the wire transfer method as well. Likewise, for your bank account number, you should ensure that the account data when depositing and withdrawing is always the same.