LiteFinance Service Review – Online Forex Broker with ECN MT4 and MT5

Who is LiteFinance?

LiteFinance is an online Forex and CFD broker founded in 2005.

The broker is based in Marshall Islands, and is represented in 216 countries.

For traders in EU, LiteFinance may provide service from “LiteFinance (Europe) Limited” under CySEC regulation.

LiteFinance (Europe) Limited is a member of Investor Compensation Fund.

LiteFinance’s support is available in English, Malay, Indonesian, Spanish and Russian.

What you can invest with LiteFinance?

With LiteFinance, you can invest in Forex pairs, Precious Metals, Oils, Stock Indices, Stocks from NYSE and NASDAQ and Cryptocurrency.

The available trading platforms are MT4 (MetaTrader4) and MT5 (MetaTrader5) and both are compatible with Windows & MAC PC, Android & iOS devices and web-browser.

The minimum spread started from 0.1 pip.

The maximum leverage is up to 1:500, and NBP (Negative Balance Protection) is supported for all account types.

LifeForex has ECN and Classic account types. Some trading conditions are different by the account type.

As a NDD (Non-Dealing Desk) broker, there is no conflict of interests with ECN (Electronic Communication Network) environment.

Execution model is “Market execution” and there is “No re-quotes”.

By opening an ECN account type, you can also get 2.5% per annual interest in your account.

The interest is not paid on Islamic accounts.

You can start trading with LiteFinance from 50 USD of minimum deposit.

The available base currencies are USD, EUR, CHF, RUB and MBT.

Open LiteFinance Real or Demo Account

LiteFinance’s advantage is the ECN condition

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.

LiteFinance, 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: