LiteFinance has been serving traders since 2005. The broker was formerly known as LiteForex. They introduced a cent account in their initial years, so they're often acknowledged as a friendly broker for traders with small to medium capital.
Even though they have minimal capital, traders who join LiteFinance can trade with a variety of assets. In addition to the major, cross, and exotic forex pairs, there are also trading opportunities with various commodities and stock indices. Thus, traders can take advantage of opportunities in various markets more easily.
Apart from Cent accounts, LiteFinance also offers Classic and ECN accounts. The minimum deposit for both accounts is only USD 50 with leverage of 1:500. For traders who want to copy signals from experts, LiteFinance provides a social trading platform to meet traders with various needs.
This forex broker also makes it easy to start trading by promising a fast registration process which only takes about 3 minutes. Deposits and withdrawals are no less practical because there are many transfer methods. Among them are local banks, Tokopedia, electronic transfers, and cryptocurrencies.
Currently, LiteFinance has opened representatives in 13 countries, including Indonesia. Over time, LiteFinance continues to increase its services' scope by providing trading learning rubrics for beginners and analysis updates through its blog.
|Website||Click here to visit LiteFinance's official page|
|Company||LiteFinance Global LLC|
|Headquarters||First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines|
|Customer service||Email, phone, and live chat|
|Website language||12 languages, ??including Chinese, Thai, French, Spanish, Indonesian, and Turkish.|
|Deposits And Withdrawals||Local Bank Deposit, Wire Transfer, Visa, Mastercard, Perfect Money, WebMoney, Bitcoin, Bitcoin Cash, Etherum, Litecoin, Monero, XRP|
|Trading platforms||MT4, MT5, as well as mobile apps|
|Trading instruments||Forex, CFD, Metals Commodities, Oil Commodities, Stock Indices, Cryptos|
|Spreads||Floating from 0.0 points (ECN account) to 3 points (Cent account)|
|Minimum initial deposit||USD10 (Cent Account), USD50 (ECN and Classic Account)|
|Account Currency||USD, EUR, MBT|
|leverage||up to 1:500|
|Account Type||Cent, Classic, ECN|
|LiteFinance Swap-free Account||Available on all accounts|
|Margin Call/Stop Out||
|Commission||Especially for ECN accounts: from $0.5 per lot|
|Zero Spreads Account||ECN|
- ZERO Deposit Commission
Through this promotion, every trader who makes a deposit will get a refund of the transfer fee sent directly to the trading account as Balance. Thus, traders can enjoy the relief of deposits without commissions.
- Deposit with Tokopedia Installments
LiteFinance's seriousness in providing the best for Indonesian traders is evident through this feature. Not only working with Tokopedia, but this broker also allows traders to make deposits with credit installments of 3, 5, and 12 months. Even more profitable, this installment has 0% interest.
- Forex Social Trading - Copytrading System
All traders can maximize their profit potential through the Copytrading feature provided by LiteFinance. Social Trading Automated System helps traders to duplicate best trades, trade independently, share information, and communicate with other traders.
Suitable For Traders with Small-Medium Capital
Judging from the specifications for each type of account, the LiteFinance broker is suitable for traders with small to medium capital who want to trade with various assets. This can be seen from the many types of instruments that Cent account users can trade. At other brokers, Cent account traders are usually only facilitated by a dozen pairs.
Social Trading Facility (ForexCopy)
For those who want to trade forex but don't have enough time to do it themselves, LiteFinance broker also provides Social Trading facilities with a minimum deposit as low as the minimum capital for opening an account. The platform provided is LiteFinance's pilot, so traders don't have to bother registering an account or integrating with other Social Trading platform providers.
LiteFinance registration is very easy. It can be done in just 3 minutes by means of a Facebook account, Google+, or a regular email. All you have to do is visit the LiteFinance website, click the "Registration" button, and fill out the form provided.
Various Trading Promotions and Contests
LiteFinance holds many interesting promotional activities and trading contests regularly, so it is suitable for those who are new to the forex world and want to trade with limited funds below USD 100.
Recommendations and Suggestions
LiteFinance is here for small to medium-capital traders who want to expand their portfolios. The trading instruments are varied. The account variations are also accommodating, making it suitable for traders who want to find the best experience in trading.
The registration method at LiteFinance is also newcomer-friendly because it can be done via a social media account (Facebook) or regular email. A practical deposit method is available via Tokopedia, and traders can make installments with 0% interest. To meet the needs of traders, LiteFinance broker presents various trading competitions and 0 deposit commission promotions.
Regarding regulation, LiteFinance has legality from FSA St. Vincent and the Grenadines. Even though the regulations that are owned are arguably not very popular, LiteFinance can present competitive trading conditions with a maximum leverage of 1:500. Based on claims on the official website. Trading orders will be sent directly to liquidity providers (Straight-To-Processed) equipped with ECN technology.