LiteFinance Journal

Journal status: live
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LiteFinance Profile
Year
2005
Country
SVG
Branches
2
Regulation
not regulated
Registration
FSA SVG, CySEC Cyprus
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, US
Broker type
MM, ECN-style pricing
Dealing book
A+B Hybrid book
Execution model
DD + NDD
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
LiteForex EU

LiteFinance Accounts
MM
ECN
Minimum Deposit
50 $
50 $
Leverage
1000 : 1
1000 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.4 pips
0 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
300 lots
500 lots
Margin Call
100 %
100 %
Stop Out
20 %
20 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
Unlimited
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, STICPAY, Skrill, Perfect Money, M-PESA, Volet, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Monero, Ripple, Tether, TRON
Base currency
USD, EUR, MBT, GBP, PLN
Segregated accounts
yes
Interest on margin
yes
Inactivity fee
after 2 months
Update broker

Is LiteFinance safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG, CySEC Cyprus
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is LiteFinance trusted?

  • Information transparency: sufficient ★★★
  • Customer service: not so helpful ★★
  • LiteFinance website: highly detailed, updated ★★★★★
  • LiteFinance popularity (by visitor count): top visited ★★★★★

How LiteFinance works



- Market execution of orders with no requotes
- No Stop & Limit levels
- Scalping and news trading allowed
- Trades are delivered directly to liquidity providers
- Negative Balance Protection


An electronic communication network (ECN) implies that every Forex participant’s order will be matched to a contra-side order with the ECN-broker or with its contactors – liquidity traders whose role is played by big international banks - without any participation of a dealing center. LiteForex, a company with high liquidity, offers these technologies in ECN accounts and thus affords its clients transparent market conditions, under which orders are executed at the best market price with no delays, slippage or re-quotes.
- An electronic communication network (ECN) has a number of undisputable advantages:
- Trades are sent directly to liquidity providers
- No broker's intervention
- Instant execution
- No requotes
- No conflict of interests
- No limits on trading strategies



The Company, offers services of conversion arbitrage operations in the international Forex market and derivatives markets to any juridical entity or individual..

"Company" – juridical entity, responsible for providing transactions execution and making payments to the Client in accordance with this Agreement.

Market Execution – Type of order execution when the Company makes a decision concerning the execution price without preliminary agreement with the Client. Sending a market order in this mode implies accepting beforehand a price at which the order will be executed.

6.1. When conducting trading operations, “Market Execution” quoting mechanism is applied, regardless of the Client's account type. "Client" – individual or juridical entity, registered in the Client's Profile, conducting conversion arbitrage operations with the Company at the quotes provided by the Company.

Arbitrage transaction – an operation which consists in buying assets on one market and at the same time selling its counterpart on another market. It locks the difference in the value of these assets on different markets. It’s evident that the portfolio value remains roughly the same regardless of the further market movements, as the counter transactions cover each other. Next, as soon as the change in the price difference turns in Client’s favor, the counter arbitrage transaction is conducted in order to fix the profit. A transaction consisting only in buying (selling) financial assets on one market without selling (buying) them on another market can also be regarded as an arbitrage transaction, provided that there is a considerable price gap between the quotes of these interconnected markets at the moment of opening or closing the transaction.

Server – software of MetaTrader Server x.xxx, which processes Client's orders and requests, provides the Client with online information about trades in the financial markets (to the extent determined by the Company), keeps record of mutual obligations between the Client and the Company and controls compliance with terms and restrictions.


2.13 Over-the-counter operations In a number of jurisdictions, firms are allowed to carry out over-the-counter operations. Your broker may act as the counterparty for such operations.



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