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LiteFinance Review | PipRebate.com

LiteFinance Review 2022

 

What is LiteFinance? Is it a legit broker?

LiteFinance (ex. LiteForex) is a reliable and well-known Forex/CFD broker that has worked in the trading market for over 16 years (Founded in 2005). LF Global group of companies has official representative offices in more than 15 countries. LF Global group includes LiteFinance Global LLC company and Liteforex (Europe) Limited company. LiteFinance Global LLC is a registered company in St. Vincent and the Grenadines with registration number 931 LLC 2021. Liteforex (Europe) Limited is a regulated company by the Cyprus Securities and Exchange Commission (CySEC) and also by MiFID. LiteFinance offers and provides a wide range of Instruments, both popular trading platforms (MetaTrader4 and MetaTrader5), Social trading, an Affiliate program, Leverage of up to 1:1000, low spreads, high speed of execution of trading orders, and an impressive range of payment methods. LiteFinance relies on ECN technology (Electronic Communication Network) and offers its clients which helps them execute their orders at the best market price with no delays, slippage, or re-quotes.

Regulation and Security

As mentioned above, LiteFinance (ex. LiteForex) operates by the LF Global group of companies which includes; LiteFinance Global LLC (Registered in Vincent and the Grenadines) and Liteforex (Europe) Limited (Regulated by Cysec and CIF Registration). The LiteFinance website states that it ensures security through the HTTPS (Hypertext transfer protocol secure). HTTPS is a data encryption protocol that transfers data between a client and a server. LiteFinance supports Segregated Accounts, which means Clients' funds will be held separately from the company's capital. LiteFinance broker, as mentioned on its website, ensures that working with them is safe and reliable.

 

Account Types of LiteFinance

LiteFinance 4 account types for its clients contain ECN, Classic, Demo, and Islamic accounts. Some of the characteristic features offered by LiteFinance in its account types are floating Spreads from 0, supporting both MetaTrader 4 and MetaTrader 5, Unlimited maximum number of orders, commissions from 0, offering Negative Balance Protection, and Leverage up to 1:1000. Let's get into the specification of each type of account the broker offers.

  • ECN account
LiteForex suggests the ECN account type to professional traders who want to use the Social Trading service and have the best possible condition for trading. This account type works based on the modern ECN technology that helps traders access the best market prices, stable and guaranteed fast execution with no re-quotes and no conflict of interest. The features offered in the ECN accounts type are deep liquidity with floating spreads from zero, a low commission from 0.25 per lot, supporting both MT4/MT5 platforms, and leverage up to 1:500. Negative Balance Protection and Social trading are two distinguishing features of ECN accounts. An initial deposit needs to make for opening the ECN account is $50. The account base currency is USD, EUR, and MBT. The Variety of trading instruments is available at the ECN account type, including; Currency, Oil, CFD NYSE, CFD NASDAQ, Metals, and Global stock indexes.
PipRebate provides up to 56% of the commissions per round lot traded for ECN accounts. Check the broker's profile on PipRebate to get more details on rebate rates
  • Classic account
The ideal account is the Classic account which is suitable for those traders looking for a traditional trading experience. With a Classic account, Traders can access floating spread from 1.8 points, five-digit quotes, leverage up to 1:1000, Social trading, and Unlimited number of orders. Supporting both trading platforms (MT4/MT5) and the initial deposit of $50 for opening this account are other specifications of the Classic account. The base currency of this account is USD, EUR, and MBT. Consider that LiteFinance does not offer Negative Balance Protection and Scalping at the Classic account type. Currency, Oil, CFD NYSE, CFD NASDAQ, Metals, and Global stock indexes are available trading assets at the Classic account type.
PipRebate provides up to 56% of the spreads per round lot traded for Classic accounts. Check the broker's profile on PipRebate to get more details on rebate rates.
  • Demo account
LiteFinance's Demo account is perfectly suitable for traders who are beginners in the trading market and those professionals who want to refine their trading strategies and test Experts-Advisers under real market conditions with no risk of losing money. Demo ECN is the best way of training trading skills with market execution and low spreads. A marked note is that MetaTrader 4 is the only trading platform the broker offers for Demo accounts.
  • Islamic account
LiteFinance allowed the swap-free feature for both types of accounts (ECN and Classic).

Deposit & Withdrawal methods

LiteForex Global LLC provides a variety of deposit and withdrawal methods for its clients, such as Economic payment systems, Bank transfers, and Credit or debit card visa/MasterCard.
Local deposit/withdrawal and deposit/withdrawal by bank wire are two Bank wire transfers offered by LiteFInance. By Local deposit/withdrawal, users can deposit and withdraw money through LiteFinance's representative in their region. The minimum amount of this payment option is $1. A convenient payment option for even those who cannot use electronic payment or international wire transfer!
Bank wire is the traditional way to transfer money offered by LiteFinance to those clients who want to transfer a large amount of funds cost-effectively from any country in the world. Bank Wire transfer is the most suitable way for traders who avoid third-party payments or do not have credit cards. The minimum amount to use the Bank wire system is $100. The broker also provides electronic transfers, such as; Perfect Money, Boleto Bancario, M-Pesa Kenya, M-Pesa Tanzania, Africa Mobile Money, WebMoney, and Alipay.
Nowadays, clients are looking for a broker that supports cryptocurrency methods. LiteFinance, to support the needs of its clients, provides various cryptocurrencies to deposit and withdraw funds, such as; Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, and Ripple. LiteFinance also supports Credit or debit card visa/MasterCard.
Compensating for deposit fees of all payment methods is an outstanding characteristic of LiteFinance, which means the commission of processing to make deposits is zero. A bonus from LiteFinance to its clients!

Trading Platforms

LiteFinance offers the most popular trading platforms in the forex market; MetaTrader4 and MetaTrader 5. Both are available for Android, iPhone/iPad, Mac PC, and Windows PC. LiteFinance provides MT4 and MT5 for ECN and Classic accounts and only MT4 for Demo accounts.

Trading Tools

LiteFinance provides various helpful tools for its clients to trade at ease. Economic calendar, Analytics, Analytical materials from Claws&Horns, Trader's calculator, Fibonacci calculator, currency rates, Economy News, and Social Trading are the trading tools offered by LiteFinance.
LiteFinance's economic calendar allows users to access events, news, and accurate world economic indicators. Also, LiteFinance releases reports on the influential financial news of the international currency market and stock exchanges daily on the website, in the Economics News section.
In LiteFinance's Analytics section, users can find the latest analytical reviews, forecasts, and opinions of seasoned experts daily, which are most valuable for trading. LiteFinance offers its clients a non-costing high-quality analysis prepared by independent company Claws&Horns, which provides technical/fundamental analysis, the latest forecasts, video reviews, expert opinions, and many other analytical materials. Therefore, Litefinance always attempts to provide the best services to its clients.

Additional Sevices

One of the superior services of LiteFinance is its Autowithdrawals service. Clients can urgently use this service to withdraw some funds (Up to $5000 per day) without waiting for several business days. The automated withdrawal is available for most of the payments at LiteFinance. The other superior service offered by LiteFinance for free is VPS (Virtual private servers) to help its clients to control their trading even when their computer or gadget is turned off.

LiteFinance Customer Support

The broker suggests various ways for users to feel at ease. General customer inquiries and the Financial Department of LiteFinance are available 24 hours on Business days through LiveChat (Operational time GMT+2). In the FAQ section at LiteFinance, users can find comprehensive responses to frequent and common questions. Email, Skype, and Telegram are ways to contact the broker directly, which works 24/5 - from 00:00, Monday till 23:59, Friday (GMT+2). Also, they are accessible on Facebook, Youtube, Twitter, LinkedIn, and Instagram. Based on PipRebate experience working with LiteFinance, LiteFinance is responsive and dependable to provide for any of its client's needs.

Promotion and Contests

As mentioned above, the LiteFinance return system's fees are reimbursed as balance funds when you make a deposit. These deposit fees will be automatically paid back to your LiteFinance trading account. LiteFinance offers a contest for demo accounts which is unlimited to participate. The competition's name is BEST OF THE BEST forex demo contest. Users should trade profitably on a contest forex account by use of currency pairs and any other available trading tools at LiteFinance. By trading actively and showing the best profitability result among all forex demo contest participants, win up to 4,000 USD. The contest occurs monthly, from the first to the end day of each month (the server time GMT +2).

Research and Trader education

As stated on the LiteFinance website, on the "For Beginner" tab, you can find webinars, trading strategies, and reviews from traders and professionals of LiteFinance, which can be practical for beginners and who want to start trading. Also, Forex Glossary provided by LiteFinance is a valuable source for learning basic concepts of Forex. LiteFinance presents The "Book Forex" for its users to comprehend trading psychology and money management and discover new facets of technical and fundamental market analysis.

 

LiteFinance Rebates By PipRebate

  • What are LiteFinance Rebates?

In a few words, it does not matter whether to win or lose your trades; you can earn cashback on each trade you make. PipRebate has provided these services for its users for 14 years. PipRebate's users have received the most increased LiteFinance rebate rates for more than ten years on the PipRebate website.

  • How much is the LiteFinance Rebate?

Based on your LiteFinance account type, PipRebate offers different rebates. PipRebate for LiteFinance ECN accounts offers 56% of the commissions per round turn lot traded, and for LiteFinance Classic accounts provides 56% of the spreads per round turn lot traded. At the end of each week, PipRebate disburses the rebates to your PipRebate account.
The remarkable point is by receiving our rebate rates, your spreads and commissions at your LiteFinance never increase, unlike some of our competitors. Therefore, with PipRebate, you make more profit and decrease the trading costs.

  • How to receive LiteFinance cashback on your existing LiteFinance trading account;

To receive LiteFinance Rebates on your existing LiteFinance trading account, send an email to partner@litefinance.com, including our partner code (1622362148) and our name (Piprebate), to request to transfer your account under our PipRebate partner account. Then add your LiteFinance account to your Piprebate account. If you don't have a LiteFinance account or want a new one, follow the following steps to open a NEW LiteFinance account and receive LiteFinance cashback.

  • How to open a LiteFinance account and receive rebates on it;

To be eligible to gain LiteFinance rebates on your trades, step one is to create a LiteFinance account through PipRebate's link. So, go to the broker list on the PipRebate website and click on LiteFinance. Then scroll down to see the "To Open a New Account and Receive PipRebate" section. Click on the "Open a New Live account" to create a LiteFinance account. The registration process for LiteFinance is easy, takes only a few minutes, and requires an email address. After signing up, LiteFinance will send a confirmation code to your email address. To complete the registration process, enter the code.
The next step is adding your Litefinance trading account to your Piprebate account. To add your LiteFinance account to your PipRebate account, enter your account name and account number.
To know how to open a LiteFinance account and add it to your PipRebate account, read our guidance on the LiteFinance broker page.

Final Words

Briefly, LiteFinance (Founded in 2005) is a reliable Forex/CFD broker operated by LiteFinance Global LLC. and provides a wide range of Instruments, both popular trading platforms (MetaTrader4 and MetaTrader5), Social trading, Leverage of up to 1:1000, low spreads, high speed of execution of trading orders, and an impressive range of payment methods. ECN, Classic, and Demo are the types of accounts offered by the broker. The swap-free feature for both account types is available. LiteFinance provides different trading tools such as an Economic calendar, Analytics, Analytical materials from Claws&Horns, Trader's calculator, a Fibonacci calculator, currency rates, Economy News, Social Trading, Autowithdrawals service, and free VPS for its users to make trades easily and without issues that we review the function and advantage of each of them separately before.
For over ten years, Piprebate has provided unbeatable LiteFinance Rebates for its users. PipRebate always efforts that its users have a friendly experience through its services. The support team is here to help you step by step. If you need a query, contact us by Live Chat.

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