What is LiteFinance? Detailed review of Lite Finance Exchange

In the age of digitalization, online transactions are more popular than ever. With the development of technology, more and more financial trading platforms are being born, promising to bring investors attractive profit opportunities. One of the names mentioned often in the Vietnamese investor community is LiteFinance. So what is Lite Finance? Is this exchange really trustworthy? Join TraderForex in a detailed review of LiteFinance to find the answer.

What is LiteFinance?

Established in 2005, Lite Finance (LiteForex) quickly affirmed its position as one of the world’s leading brokers in the field of foreign exchange, derivatives and US stock trading. With headquarters located in the Marshall Islands and representative offices spread across Europe, Asia, and Australia, LiteFinance has built a global network, serving millions of investors around the world.

The variety of products, along with a modern trading platform and professional customer service, has helped LiteForex become a trusted destination for many investors, from beginners to experts.

Basic information about Lite Finance:

Date of establishment	2/7/2005
Management agency	CySEC
Website language	English, Vietnamese
Trading desk	STP
Minimum deposit	50$
Support platform	MT4 , MT5
Payment method	Internet BankingVisa/ MastercardNetellerSkrillPerfect MoneyWebmoney

Which agency is regulated by LiteForex?

The Forex market in Vietnam does not have specific regulations, so choosing a trading platform with a license from reputable international financial institutions is extremely important to ensure transparency and safety. for investors. LiteForex, with many years of experience in the industry, has continuously strived to achieve strict standards.

Currently, the exchange has been licensed by two of the world’s leading financial regulatory agencies, CySEC and Marshall Islands. Established in 2005, it took 3 years for LiteForex to obtain its first CySEC license, which proves the platform’s reputation building process and strict legal compliance. Possessing licenses shows LiteFinance’s commitment to complying with international regulations and protecting investors’ rights.

CySEC license – No.230122 of Cyprus

LiteForex currently holds an operating license issued by the Cyprus Securities and Exchange Commission (CySEC). CySEC, as a financial regulator under the European Union, sets extremely strict requirements for exchanges. Achieving this license proves that the exchange has fully met the standards of charter capital, information transparency and data security.

Benefits of trading with a CySEC-licensed broker:

Fund safety: Investor deposits are protected by a compensation fund of up to 20,000 Euro in case the exchange encounters risks.
Transparency: All exchange activities are closely monitored by CySEC, ensuring transparency and fairness for all investors.
International regulatory compliance: LiteForex must comply with the EU’s MiFID directive, one of the strictest regulations in financial services.

To obtain a CySEC license, LiteFinance must meet the following conditions:

Charter capital: Owns a minimum amount of capital to ensure solvency.
Information transparency: All information about the exchange’s products, services and finances must be public and transparent.
Security: Have a strong information security system to protect customer data.
Account separation: Customer funds must be completely separated from the exchange’s assets to ensure safety.

Marshall License – No.63888

In addition to the CySEC license, LiteForex is also licensed to operate by the Republic of the Marshall Islands with number 63888. As an island nation freely associated with the United States, the Marshall Islands is famous for its flexible financial regulations, helping investors companies like LiteFinance can optimize business operations.

Owning both CySEC and Marshall licenses shows LiteForex’s commitment to complying with international standards, providing a safe, transparent trading environment for investors. The process of applying for and maintaining a license requires great financial and human resources efforts, proving LiteForex’s serious investment in building brand reputation.

LiteForex trading products

Although it does not own a huge number of products like some other exchanges, Lite Finance still provides a diverse and attractive investment portfolio, meeting the needs of most traders.

LiteFinance trading account

LiteForex has optimized its account structure, focusing on two main types: ECN and Classic. This change is intended to meet the diverse needs of investors, from beginners to professional users.

ECN account: For those who like to trade with low costs and fast order execution speeds. The highlights of this account are its competitive spreads and direct market access.
Classic account: Suitable for beginners or those who want to trade with a small number of orders. The account has fixed spreads and many user support features.

A notable point is that LiteFinance has significantly lowered the minimum deposit, from only 50 USD. This helps investors experience the exchange’s trading platform with a small amount of capital, minimizing risks when starting out.

Whether you are a beginner investor or a veteran, LiteForex’s demo account is a useful tool to explore and practice your trading skills. You can open a completely free demo account and start trading immediately with just a few mouse clicks. The account completely simulates a real trading environment, with the same tools and features as a real account. Users can practice trading with unlimited virtual money without fear of losing any money.

Benefits of using LiteForex demo account:

Trade currency pairs, precious metals and many other financial instruments with competitive spreads.
The trading platform ensures fast and accurate order execution.
24/4 customer support team, ready to answer all user questions quickly.

LiteForex trading platform

LiteFinance offers investors two of the world’s leading trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are designed with a friendly, easy-to-use interface, allowing trading of a variety of financial products such as:

Currency pairs
Share
Precious metals
CFD

You can choose the platform that suits your trading style, MT4 or MT5. With mobile applications, support transactions on phones or tablets easily.

Comparison table of MT4 and MT5:

	МТ4	МТ5
Order matching policy	Fill or Kill Order	Fill or Kill OrderImmediate or Cancel OrderReturn
Hedging/Netting	Only Hedging	Hedging and Netting
Number of pending order types	4	6
Market depth	Not included	included
Technical indicators	30/31	38/44
Time frame	9	21
Strategic tester	Single	Multi. MQL5 Cloud Network
Market	Forex	Forex, stocks, bonds, futures contracts, options
Economic calendar	Not included	included
Integrated MQL5 chat	Not included	included

Leverage and Liteforex trading fees

Leverage

LiteFinance offers different leverage levels for each asset type to suit the trading style and level of risk the investor is willing to accept.

Forex currency pairs: Both Classic and ECN accounts have a maximum leverage of 1:500.
US stocks: Leverage for US stocks is fixed at 1:50.
Stock indices: For stock indices, LiteForex applies more flexible leverage. Indices such as ASX200, FTSE, YM, CAC, FADX, SPX, SX5E, NQ have a maximum leverage of 1:100. While NI225 is 1:5 and IBEX35, HK50 1:20.
Precious metals: Gold has quite high leverage, especially for ECN accounts (1:1000).
Oil: Both crude oil and oil are leveraged at 1:10. In addition, when trading crude oil, investors must also meet a margin requirement of 1 barrel per lot.
Cryptocurrency: The cryptocurrency market is inherently volatile, so LiteForex applies a leverage of 1:10 to limit investors’ risks.

Commission Fee

LiteForex offers three main account types: Classic, ECN VT2 and ECN NG, each account type comes with a different commission structure.

Classic account: Commission-free for most products, except stock CFDs (0.35 USD/lot).
ECN NG account: Competitive commission fee, average only 7 USD/lot (oil only 5 USD/lot). However, the commission fee for cryptocurrencies is 10 USD/lot.
ECN VT2 account: Extremely low commission for stock CFDs (0.07 USD/lot). But commissions for other products are high, especially Forex and oil (22 USD/lot).

Spread Fees

Spread fees are an important factor that directly affects investors’ transaction costs. At LiteForex, the spread fees between Classic and ECN accounts are significantly different:

ECN account: Spreads are very competitive, even from as little as 0.0 pips for the EUR/USD currency pair. However, spreads can widen during times of strong market fluctuations, due to the floating nature of this fee.
Classic account: Has fixed, predictable spreads, but higher than ECN accounts.

Copy Trade LiteFinance feature

LiteForex is not only a reputable Forex trading platform but also stands out with its impressive Copy Trade feature. Thanks to its advanced system and experienced Master Trader team, Lite Finance has continuously been honored as the world’s leading social trading network.

LiteForex’s Copy Trade interface is designed to be intuitive and easy to use, especially suitable for new investors. You can easily:

Get an overview of the trading activities of Master Traders.
Search and compare the performance of top Master Traders.

LiteFinance offers 4 different Copy Trade modes, helping users customize their investment strategy according to their own style:

Proportion to fund: Copy trades in proportion to the capital.
Full Copy: Copy the entire trade of the Master Trader.
Fixed size: Copy trades with fixed size.
% trading volume: Copy part of Master Trader’s trades.

LiteForex deposit and withdrawal portal

One of the strengths of LiteFinance is its fast, convenient and diverse deposit and withdrawal system. Investors can choose from many different payment methods to suit their needs, including:

Electronic payment gateway: Neteller, Perfect Money, Skrill, Visa,…
Cryptocurrencies: LiteForex supports trading of many popular cryptocurrencies, meeting the needs of investors who love blockchain technology.
Domestic transfer and money transfer: Convenient for investors in Vietnam.

Outstanding advantages of the LiteFinance deposit and withdrawal system:

Fast processing speed: It only takes a few seconds to a few minutes to complete a deposit and withdrawal transaction, thanks to the modern automation system.
No Fees: For most payment methods, LiteForex will refund trading fees to clients.
Operating 24/7: You can make deposits and withdrawals at any time, including holidays.
Dedicated customer support: LiteForex’s customer support team is always ready to assist users during the deposit and withdrawal process, especially for bank transfer transactions.

LiteFinance customer service

One of the factors that helps LiteForex win the trust of investors is its professional and dedicated customer care service.

Possessing a team of Vietnamese customer support staff who understand customers’ psychology and language, making the communication process more convenient.
All employees are well-trained on the exchange’s products and services, ensuring to provide customers with the most accurate and complete information.
The customer support team works 24/7, ready to answer all customer questions at any time.
Users can contact LiteForex customer support through many different channels such as website, Telegram, Zalo, Facebook and hotline.

Does Lite Finance provide educational resources?

LiteFinance offers a large amount of free educational materials to support investors. Making good use of these resources will help you improve your trading knowledge and skills.

Fibonacci calculator

LiteFinance provides an extremely convenient online Fibonacci calculator, helping traders automatically determine potential support and resistance prices based on the Fibonacci number sequence.

Usage:

Data import: You just need to enter the highest and lowest prices of the specific trend into the tool.
Calculate: With just one click on the “Calculate” button, the tool will quickly display the corresponding Fibonacci levels on the price chart.
Analysis and trading: Based on these Fibonacci levels, you can make your trading decisions, such as placing a buy order at the support zone or selling at the resistance zone.

Example: Imagine you want to analyze the price of gold. You enter the high and low prices of the recent uptrend into LiteForex’s Fibonacci calculator. Immediately, the tool will display the Fibonacci levels 23.6%, 38.2%, 50%, 61.8% and 100%. If the gold price drops, reaching the 38.2% level, you can predict the price will bounce back and place a buy order.

Liteforex blog

LiteForex’s blog has become a familiar address for many Forex traders. With rich, diverse and completely Vietnameseized content, the blog provides an invaluable treasure of knowledge about the foreign exchange market.

The blog continuously updates hot news about the financial market, helping users keep up with the latest developments. From Forex basics to complex trading strategies, you can find information on the blog. LiteForex’s team of experts provides detailed analysis of currency pairs, indices, and commodities, helping you make informed trading decisions.

Analysis material from Claws & Horns

If you are a Forex trader, you have probably heard of Claws & Horns (a reputable name in the field of market analysis). Now, LiteFinance brings Claws & Horns’ in-depth analysis and accurate market forecasts closer to you.

When you open a trading account at LiteForex, you will have free access to the latest market analysis reports, prepared by leading Claws & Horns experts. In addition to analytics, you can also find many other useful documents such as:

Technical analysis: Indicators, candlestick patterns,…
Fundamental analysis: Economic and political factors affecting the foreign exchange market.
Market news: Important events that can impact exchange rates.

All information is integrated into LiteFinance’s trading platform, making it easy for users to track and use.

FAQ about LiteFinance

Does Lite Finance have any promotions?

Currently, LiteForex launches many special promotions for customers including:

100% commission refund: When you start depositing money into your LiteForex account, you will receive a full refund of commission fees, helping to save costs right from the first transactions.
100% deposit bonus: With this promotion, you have the opportunity to receive a bonus equal to the amount deposited into your account, up to a maximum of 1000 USD.

How many Lite Finance accounts can be created?

According to LiteForex regulations, each customer is only allowed to open a maximum of 10 trading accounts.

What documents are needed when verifying Liteforex?

To complete the Lite Finance account verification process, you need to prepare photo identification documents (passport, driver’s license) and proof of address (electricity and water bills). These documents must be clear, colored and saved in JPEG, PDF or JPG format, with a capacity of no more than 5MB.

How to restore LiteFinance account from archive?

LiteForex will temporarily store accounts with no transactions for 3 months and a balance of less than 1000 USD. To reactivate your account, access the MetaTrader section in “Customer Profile” and perform the recovery operation.

What is the minimum deposit at Liteforex?

LiteForex gives investors flexibility in choosing the type of trading account without requiring too much capital. You can get started with an ECN or Classic account for just $50.

Which account should I choose to trade LiteFinance?

Classic accounts provide a stable and easy-to-use trading environment, suitable for beginners. ECN accounts offer outstanding advantages such as high liquidity, low costs, transparency, meeting the needs of professional users.

Is it possible to deposit Liteforex without verifying the account?

Identity and address verification is a mandatory process to activate the full functionality of a LiteForex account including deposits and withdrawals.

This article has compiled the most important information about LiteFinance, helping you have a comprehensive view of this exchange. Hopefully the above shares will help you make wise investment decisions and achieve success in Forex trading.