Why do thousands of traders around the world choose LiteFinance for online trading? In this article, you will learn about the benefits of working with an ECN broker.
LiteFinance review
Since 2005, LiteFinance has been providing its clients with access to trading the most liquid assets in the currency, commodity, stock, and cryptocurrency markets. In total, the broker offers more than 150 trading tools.
Traders all over the world know that LiteFinance is a reliable high-tech broker. Thanks to ECN technology, clients have access to tight raw spreads and some of the lowest fees in the market. All transactions are executed instantly, without slippage and re-quotes. A reliable security system ensures the safety of funds and the confidentiality of personal data.
LiteFinance has developed its trading platform with a user-friendly interface, available in 23 languages for comfortable trading.
Why do clients choose LiteFinance?
Convenient trading platform
LiteFinance online platform has a user-friendly and intuitive interface. It offers a copy trading system, dozens of built-in indicators, an economic calendar, a chat for communicating with traders from all over the world, and much more.
It is also possible to trade with LiteFinance using the popular MetaTrader 4 and MetaTrader 5 platforms.
Wide range of trading tools
LiteFinance offers traders access to more than 150 assets, such as currency pairs, metals, oil, cryptocurrencies, CFDs on US and European blue-chip stocks, and stock indices.
Best customer support
LiteFinance provides each client with a personal manager. The support service is ready to help 24/5. Customers can enter the support chat from the LiteFinance website and their personal profiles. The "Best Customer Service" and "Best Broker" awards confirm the high quality of LiteFinance service.
Copy trading system
With LiteFinance, traders can make money using the copy trading system. Set the risk/yield parameter in the filter, select the appropriate trader in the rating and start copying their actions. In addition to investment opportunities, it is also a great way to master Forex trading.
Automatic withdrawal of funds
With LiteFinance, traders can automatically withdraw up to $5000 within a day. The function is fully automated and available on all popular payment systems.
Reimbursement of payment systems’ fees
LiteFinance does not charge fees for deposits and withdrawals.
One click trading
The service "One click trading" makes it easy for LiteFinance clients to trade in MetaTrader terminals. Traders only need to set the parameters for opening and closing positions. After that, it is possible to make a lot of transactions and make a profit in just an instant!
Islamic swap-free accounts
Islamic accounts allow LiteFinance clients to manage their funds and plan trading actions freely. They have all the advantages of other trading accounts, but no swap is charged for transferring a position to the next day.
Educational materials and professional analytics
LiteFinance provides clients with free educational materials, daily analytics, video reviews, and trading signals in different languages. LiteFinance clients also receive the best materials from the professional analytical agency Claws & Horns. All materials are available on the LiteFinance blog and in the personal profile.
Regular contests
LiteFinance constantly holds regional contests for clients and partners around the world. The winners receive cash rewards and valuable prizes, such as the latest gadgets, motorcycles, and cars.
Trading tools
LiteFinance offers a wide range of trading tools. In total, more than 150 assets are available in the personal profile:
● currency pairs;
● precious metals;
● CFDs on European and US blue-chip stocks;
● cryptocurrencies;
● world's leading stock indexes.
The list of trading tools is constantly updated.
ECN technologies and fees
LiteFinance provides the best conditions for trading in the financial markets. With the help of ECN technology, trade requests go directly to liquidity providers. Orders are executed instantly at the best price, without delays, slippages, and re-quotes. ECN accounts have tight raw spreads, while fees are among the lowest in Forex. For example, when trading CFDs on shares, the fee will be $0.25 per share and $0.5 per lot when trading oil.
Most stocks have a minimum raw spread starting at 0.01 pips.
LiteFinance account types
LiteFinance offers its clients two types of accounts, ECN and CLASSIC.
CLASSIC accounts are designed for traders with extensive experience who prefer high-volume trades with leverage up to 1:500. A distinctive feature of the CLASSIC account is the floating spread with markup. For example, for EURUSD, it starts from 1.8 points. CLASSIC accounts are available on the MT4 and MT5 platforms. The system of copy trading is also available to clients.
ECN accounts are more suitable for professional traders and investors who prefer to make money by copying trades. The recommended minimum deposit is $500. This type of account provides the best prices and fast execution without slippage and re-quotes. Customers who have chosen an ECN account will enjoy a floating raw spread from 0 pips and one of the lowest fees from $0.5 per lot.
LiteFinance also offers demo trading. It simulates real market conditions but with virtual funds. It is useful to practice and test trading strategies on demo accounts.
LiteFinance trading platforms and technologies
LiteFinance provides its clients with the most popular trading platforms, MetaTrader 4, and its extended version MetaTrader 5. Clients can also trade using the company's development, the LiteFinance online platform. It is supported by any Internet browser on any device without loss in speed and functionality.
MT4
MetaTrader 4 is one of the most popular trading platforms on the market. It was released by MetaQuotes Software in 2005. To this day, the company continues to improve it. Traders around the world appreciate MT4 for its reliability, customization flexibility, and a wide range of built-in indicators.
MT5
MetaTrader 5 is an extended version of the popular trading platform from MetaQuotes Software. Despite the competitors’ activity, many LiteFinance customers prefer MT5. Because it offers more Expert Advisors, technical analysis tools and timeframes. It also has new order types as well as a strategy tester.
LiteFinance online trading platform
The LiteFinance online platform is a fully developed Forex trading system. It is convenient, user-friendly, and functional. Traders can quickly master it and start trading with various technical indicators.
The platform consists of several tabs: "Trading tools", "Copy", "Analytics", "Profile", "Finance", "MetaTrader", "Partners".
Trading operations take place in the "Trading tools" tab. For a seamless experience, all assets are divided into groups, such as currency pairs, oil, precious metals, etc.
LiteFinance helps its clients earn not only trading tools but also by investments through the system of copy trading in the "Copy" tab.
The "Analytics" section contains up-to-date forecasts for popular trading tools. The economic calendar regularly provides users with reports on the state of the economy of various countries. Another feature is the artificial intelligence Twitter Watcher. This technology analyzes posts about cryptocurrencies on Twitter. After processing the information, the system offers traders trading recommendations.
The “Profile” contains the history of transactions, as well as notification settings and additional security options, including two-step authentication.
In the “Finance” section traders can select deposit/withdrawal methods (including using electronic payment systems and cryptocurrencies), add wallets and bank cards, and view transfer history.
Through the “MetaTrader” menu, LiteFinance clients can manage their trading accounts, open a new account by selecting its type (CLASSIC, ECN, or demo), change the password of a trader or investor, and download a trading terminal.
How to trade on the LiteFinance online platform?
It is very easy to trade on the LiteFinance online platform. Clients can access trading actions in the "Trade" tab. The platform interface is customizable. So, traders can effortlessly select the desired timeframe, chart type, and indicator. With the help of the built-in economic calendar, it is possible to view important news directly on the price chart.
Traders can go to chats (including support chats) and channels with up-to-date analytics in any window of the online platform.
The LiteFinance trading platform has 75 built-in indicators (this is more than in MT4 and MT5). They are easy to find and set up right in the chart window. Here users can also find detailed information about the instrument, such as the current spread, volatility, and general market sentiment. Up-to-date forecasts by experts are available in the "Analytics" section.
Having decided on the instrument, traders can open a position in the “Trade” window and then select the type and volume of the trade. It is also possible to specify additional conditions, such as opening price, Stop loss, and Take-Profit levels.
Another feature worth mentioning is that the completed trades of other traders, whose actions can be copied, are marked on the chart with yellow dots.
Copy trading system
The LiteFinance copy trading system allows users to earn money from the first days of trading in Forex by repeating the actions of experienced traders. A rating system will help determine the degree of risk and profitability. It is also possible to communicate directly with other traders to exchange trading ideas, share financial news and learn more about online trading.
Affiliate programs
LiteFinance offers partners to earn money through one of three programs:
Revenue share. A partner gets $15 for each trade of the referral and 10% of the income of the attracted partner.
CPS. A partner is credited with $50 for a client who has completed more than 50 transactions, and 10% of the profit of the attracted partner.
Regional representative. The regional representative promotes the LiteFinance brand in the region and manages the local office.
Programs are not limited by the number of levels. Partners receive fees not only for attracted traders, but also for partners. Funds for attraction are credited automatically, immediately after the transaction is completed by the referral.
LiteFinance Awards
LiteFinance is successfully improving its technical capabilities and quality of service. This is confirmed by international awards: "Best ECN Broker", "Best Copy Trades System" and "Best Trading Platform for Private Traders".
