LiteFinance Overall rating

	Rating	Weight
User Rating	4.5 (31 reviews)	3
Popularity	4.0	3
Regulation	5.0	2
Pricing rating	3.0	1
Features	Not rated	1
Customer Support	Not rated	1

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	Cyprus - CY CYSEC		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

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

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

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?

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.

LiteFinance Profile

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