LiteFinance Overall rating
| Rating | Weight | |
| User Rating |
4.4 (32 reviews)
 |
3 |
| Popularity |
4.0
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
3.0
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Highly rated by users with a score of 4.5 out of 5
- Founded in 2005, indicating a well-established presence
- High web traffic with 1,723,093 organic monthly visits
- Offers segregated client money protection
- Wide range of tradable instruments including Forex, Crypto, Stocks, Indices, and Commodities
- Supports MetaTrader 4, MetaTrader 5, and cTrader platforms
Cons
- Not licensed as a bank
- No deposit compensation scheme for international clients
- Higher average spreads on some asset classes compared to leading brokers
- Privately owned and does not provide financials publicly
We tested LiteFinance using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
LiteFinance, established in 2005, has garnered a significant user base with 31 total user reviews, 30 of which are from verified real trading accounts, giving it a high rating of 4.5 out of 5. It ranks 16th out of 1101 forex brokers based on user ratings and 45th based on expert ratings, indicating a strong reputation in the industry.
The broker attracts substantial web traffic with 1,723,093 organic monthly visits, ranking 21st for organic traffic among all brokers. While it is privately owned and does not publicly disclose its financials, LiteFinance provides reliable client protections including segregated client money and negative balance protection.
However, it's important to keep in mind that even highly regulated and successful financial firms have faced failures in the past.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Liteforex (Europe) Limited |
|
up to €20,000
|
|
|
30 : 1 | |
|
LiteFinance Global LLC
Saint Vincent and the Grenadines |
|
|
|
|
|
1000 : 1 |
Deposit Insurance
LiteFinance offers deposit insurance through its regulated entity LiteForex (Europe) Ltd, which is licensed by the Cyprus Securities and Exchange Commission (CySEC). This includes a deposit compensation scheme that protects investors if an authorized financial firm fails.
However, its international entity, LiteFinance Global LLC, registered in Saint Vincent & Grenadines, does not offer a deposit compensation scheme. This discrepancy means that while clients under the European entity have a safety net, international clients lack similar protection.
Spreads and Costs
LiteFinance's spreads and costs are generally in line with industry standards, though some asset classes have higher averages compared to leading brokers.
For example, its crypto average spread is significantly higher than some competitors, while its forex and commodities spreads are more competitive.
Overall, the broker provides a reasonable cost structure, though it may not always offer the lowest rates available.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| LiteFinance – Classic | 65.37 | 1.80 | - | 0.19 |
| FBS – Standard | 23.97 | 2.18 | - | 0.18 |
| IC Markets – Standard | 9.09 | 1.56 | 1.30 | 0.10 |
| IG – Standard | 51.55 | 2.25 | 3.67 | 0.24 |
| RoboForex – Pro | - | 2.09 | - | 0.11 |
| Vantage Markets – Standard | 8.54 | 2.02 | - | 0.10 |
| ThinkMarkets – Standard | 23.98 | 3.89 | 2.78 | 0.23 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LiteFinance – Classic | 123.97 | 6.78 | 1.04 | 1.11 | 1.70 | 1.85 | 2.75 | 2.35 | - | - | 0.35 | 0.03 |
| FBS – Standard | 45.63 | 2.32 | 1.35 | 2.00 | 2.97 | 1.82 | 2.72 | 2.21 | - | 5.91 | 0.33 | 0.03 |
| IC Markets – Standard | 15.17 | 3.01 | 0.90 | 1.12 | 2.02 | 1.43 | 2.31 | 1.58 | 1.70 | 0.89 | 0.18 | 0.03 |
| IG – Standard | 98.00 | 5.10 | 0.81 | 0.98 | 3.30 | 1.30 | 3.12 | 4.02 | 2.62 | 4.72 | 0.45 | 0.03 |
| RoboForex – Pro | - | - | 1.36 | 2.10 | 2.81 | 1.23 | 3.00 | 2.06 | - | - | 0.20 | 0.02 |
| Vantage Markets – Standard | 14.51 | 2.58 | 1.43 | 1.79 | 2.56 | 1.55 | 2.59 | 2.20 | - | - | 0.18 | 0.03 |
| ThinkMarkets – Standard | 44.69 | 3.27 | 2.57 | 3.54 | 4.86 | 2.76 | 6.10 | 3.52 | 3.09 | 2.47 | 0.40 | 0.06 |
Swap Rates/Financing Fees
Swap fees, also known as financing fees, are charges applied for holding a trading position overnight. Positive swap rates result in a payout to the trader, while negative swap rates incur a cost.
LiteFinance's average swap rates are relatively competitive compared to industry-leading brokers. For example, its swap rate for NZDUSD short is -0.08, which is better than some of its competitors.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| LiteFinance | - | -5.11 | -0.08 | -0.17 | -2.99 | 0.71 | 10.25 | -38.38 |
| FBS | - | -4.38 | -0.14 | -0.06 | -2.87 | 0.63 | 6.05 | -29.90 |
| IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| IG | - | - | - | - | - | - | - | - |
| RoboForex | - | -5.81 | -0.23 | -0.30 | -3.56 | 1.22 | -3.00 | -29.00 |
| Vantage Markets | - | -2.34 | -0.19 | -0.25 | -2.72 | 1.03 | 18.90 | -30.80 |
| ThinkMarkets | - | -3.27 | -0.14 | -0.14 | -2.61 | 1.08 | 19.57 | -37.37 |
Does LiteFinance Offer Islamic/Swap-free Accounts?
Islamic or swap-free trading accounts are designed to comply with Sharia law, which prohibits earning or paying interest. These accounts do not incur swap or rollover interest on overnight positions. LiteFinance offers Islamic accounts for clients who follow Islamic principles.
To qualify for an Islamic account, traders need to provide proof of their faith and request the account type specifically. These accounts are typically available across various asset classes, providing flexibility while adhering to religious beliefs.
Other Fees
Besides spreads and swap rates, LiteFinance imposes other fees that traders should be aware of. These include withdrawal fees and inactivity fees.
| Fee Type | Details |
|---|---|
| Withdrawal Fees | LiteFinance charges a withdrawal fee depending on the method used. Bank transfers typically incur higher fees compared to e-wallets and card withdrawals. |
| Inactivity Fees | An inactivity fee is charged if there are no trading activities for a specified period, usually three months. The fee amount varies but is generally minimal. |
Comparison to other Brokers
LiteFinance holds a strong position in the forex market with a user rating of 4.5 out of 5, ranking 16th out of 1101 brokers based on user feedback. Its expert rating places it 44th, indicating a solid overall performance. The broker's web traffic, with over 1.7 million organic monthly visits, underscores its popularity, ranking 21st in organic traffic.
LiteFinance offers competitive spreads, though its crypto spreads are higher compared to brokers like IC Markets. The broker's swap rates are generally favorable, with better-than-average rates for certain currency pairs.
However, it lacks a deposit compensation scheme for its international clients and does not provide publicly available financials, which might be a consideration for some traders.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Device Compatibility | Automated Trading |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes, using MQL4 |
| MetaTrader 5 | Desktop, Mobile, Web | Yes, using MQL5 |
| cTrader | Desktop, Mobile, Web | Yes, using cAlgo (C#) |
LiteFinance supports three major trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. Each platform is available on desktop, mobile, and web, ensuring accessibility and convenience for traders. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are renowned for their robust charting tools, a wide range of indicators, and automated trading capabilities through MQL4 and MQL5, respectively.
cTrader, known for its intuitive interface and advanced charting, supports automated trading via cAlgo, which uses the C# programming language. The ease of use varies, with MQL4 and MQL5 being slightly easier for those familiar with trading languages, while C# may require more programming knowledge but offers greater flexibility and power.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 50+ |
| Crypto CFD | 20+ |
| Stock CFD | 200+ |
| Stock Index CFD | 15 |
| Commodities CFD | 13 |
| ETFs | - |
| Bonds | - |
| Futures CFD | - |
LiteFinance offers a diverse range of tradable instruments across several asset classes. Traders can access over 50 forex CFDs, 20+ crypto CFDs, more than 200 stock CFDs, 15 stock index CFDs, and 13 commodities CFDs. The broker does not currently offer ETFs, bonds, or futures CFDs.
These instruments are traded as CFDs (contracts for difference), which allow traders to speculate on the price movements without owning the underlying asset. This approach provides opportunities for leveraging trades, which can amplify both gains and losses. For a complete list of available instruments, visit LiteFinance's symbols page.
Available Leverage
LiteFinance offers different leverage levels depending on the regulatory entity and the type of trading account. For retail clients under LiteForex (Europe) Ltd regulated by CySEC, the maximum leverage is 30:1.
However, clients trading with LiteFinance Global LLC, which is registered in Saint Vincent & Grenadines, can access leverage up to 1000:1.
High leverage can significantly increase potential returns but also heightens the risk of substantial losses, making it essential for traders to understand the implications and use leverage responsibly.
Prohibited Countries
LiteFinance does not accept clients from several countries due to regulatory restrictions. These typically include the United States, Canada, Israel and Russia. Additionally, countries like North Korea, Iran, and other regions subject to international sanctions are also prohibited. For a full list of restricted countries, prospective clients should refer to LiteFinance's terms and conditions on their website.
LiteFinance Account types
| Classic | ECN | |
| Maximum leverage | 1000:1 | |
| Mobile Platform | cTrader Mobile, MT4 Mobile, MT5 Mobile | |
| Trading platform | cTrader, MT4, MT5, WebTrader | |
| Spread Type | Variable Spread | |
| Minimum Deposit | 50 | |
| Minimum Trade Size | 0.01 | |
| Trailing Stops | | |
| Scalping Allowed | | |
| Hedging Allowed | | |
| Islamic Accounts | | |
| Classic | |
| Maximum leverage | 1000:1 |
| Typical Spread | 2.0 |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| ECN | |
| Maximum leverage | 1000:1 |
| Typical Spread | 0.9 |
| Trading platform | cTraderMT4MT5WebTrader |
| Mobile platform | cTrader MobileMT4 MobileMT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
LiteFinance Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
litefinance.org
litefinance.eu
|
| Organic monthly visits | 1,643,629 (100%) |
| Organic traffic rank | 24 out of 928 (Forex Brokers) |
| Paid monthly visits | 8,177 (0%) |
| Total monthly visits | 1,651,806 |
| Bounce rate | 55% |
| Pages per visit | 4.52 |
| Average visit duration | 00:02:55.5410000 |
LiteFinance Profile
| Company Name | LiteFinance Global LLC |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2005 |
| Headquarters | Marshall Islands |
| Office Locations | Bulgaria, Benin, Belarus, China, Czech Republic, Georgia, Indonesia, India, Cambodia, Sri Lanka, Mongolia, Nigeria, Philippines, Pakistan, Russia, Slovakia, Thailand, Ukraine, South Africa |
| Account Currency | EUR, GBP, PLN, USD |
| Support Languages | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Vietnamese, Urdu, Persian, Khmer, Mongolian, Burmese |
| Funding Methods | Bank Wire, Bitcoin, Credit/Debit Card, Litecoin, Neteller, Perfect Money, Skrill, Webmoney, Wallet One, Boleto Bancario, Alipay, Ethereum, Ripple, Crypto wallets, Africa Mobile Money, M-Pesa, Monero |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
| Prohibited Countries | Iran, United States |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
LiteFinance User reviews
)
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
LiteFinance Cashback rebates
| Classic | ECN | |
| Forex | Up to 1066.80 Per Lot | Up to $3.36 Per Lot |
| Oil / Energies | Up to 30.24 Per Contract | Up to $0.28 Per Contract |
| Metals | Up to 15.68 Per Lot | Up to $2.80 Per Lot |
| Shares / Equities | Up to 0.08% Per Contract | Up to 0.056% Per Contract |
| Indices | Up to 28000 Per Contract | Up to $1.96 Per Contract |
| Cryptocurrencies | Up to 0.106% Per Lot | Up to 0.067% Per Lot |
| Payment Options |
Monthly Cash Back
| |
| Classic | |
| Forex | Up to 1066.80 Per Lot |
| Oil / Energies | Up to 30.24 Per Contract |
| Metals | Up to 15.68 Per Lot |
| Shares / Equities | Up to 0.08% Per Contract |
| Indices | Up to 28000 Per Contract |
| Cryptocurrencies | Up to 0.106% Per Lot |
| Payment Options |
Monthly Cash Back
|
| ECN | |
| Forex | Up to $3.36 Per Lot |
| Oil / Energies | Up to $0.28 Per Contract |
| Metals | Up to $2.80 Per Lot |
| Shares / Equities | Up to 0.056% Per Contract |
| Indices | Up to $1.96 Per Contract |
| Cryptocurrencies | Up to 0.067% Per Lot |
| Payment Options |
Monthly Cash Back
|
Notes
- closed within 3 Pips of the open price;
- open for less than 2 minutes;
- generating less than $0.01 in IB commission;
- percentage using bonus money as margin; or
- using MULTIREBATE or PIPBACK promos.
What are LiteFinance rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do LiteFinance rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much LiteFinance rebates can I earn?
LiteFinance Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Liteforex (Europe) Limited |
|
up to €20,000
|
|
|
30 : 1 | |
|
LiteFinance Global LLC
Saint Vincent and the Grenadines |
|
|
|
|
|
1000 : 1 |
LiteFinance Promotions
LiteFinance Symbols
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