About LiteFinance brand (2024)

FAQs

Is LiteFinance legit or not? ›

FAQs. Is LiteFinance legit? Yes, LiteFinance is registered in accordance with all legal requirements and regulations.

LiteFinance allows the Client to use up to 5 automatic withdrawals worth a total of $5000 within 24 hours (or an equivalent of this sum in another currency) if the client profile is fully verified. This limit can be reduced according to the payment system's limits.

LiteFinance (ex. LiteForex) is a high-tech reliable ECN broker with a strong reputation. Our clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis.

Light Finance is advertising loans on its website but it holds no authorisation from the Central Bank as a Retail Credit Firm or a Moneylender. This scam is an example of an 'advanced fee fraud', where Light Finance seeks a payment upfront fee prior to providing a loan. The loans are never provided.

LiteFinance's clients can use a multitude of international e-payment systems, bank cards, wire transfers, and other methods. LiteFinance offers the opportunity to deposit in your trading account by credit or debit card Visa/Mastercard directly via the processing center CardPay.

The Company charges a fee for servicing inactive accounts in the amount of 10 USD (or the equivalent in the account currency) for every 30 calendar days. The account will be archived in 40 calendar days after its balance has reached zero.

Classic live trading account for experienced traders

It is ideal for those who adhere to a proven strategy in their trading using five-digit quotes and leverage up to 1:1000, giving access to large volume transactions.

Now LiteFinance is an international, stable broker that works with clients worldwide, offering favorable and transparent trading conditions and providing a wide range of services, including cent accounts and accounts with STP and ECN execution.

LiteFinance Investment Limited

Registered address: The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius.

LiteFinance has 1 current employee profile, CEO Aleksey Smirnov .

What is the best platform for forex trading? ›

Choosing the right leverage

It is important for beginners to start with low leverage as this will help to limit losses and manage risk more effectively. Starting with a low leverage of 1:10 is generally a good rule of thumb. This means that you can manage a position of $10,000 for every $1,000 in your trading account.

Standard accounts

Standard Cent trading accounts also feature cent-lots which allow much smaller trading volumes resulting in less exposure to risk and a more forgiving experience. Generally, Standard accounts are encouraged for beginner and intermediate traders.

LiteForex is a trusted broker. This is because they are regulated by CySEC and operate in conjunction and in accordance with MiFID. LiteForex Europe also provides an investor compensation scheme of up to 20,000 EUR.

To see if a site is registered, visit fincen.gov/msb- registrant-search. Registration alone won't protect you from fraud, but most scams involve unregistered entities, people, and products. 3. No physical address, it's clearly fake, or offshore.

If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, many unscrupulous brokers remain. When you're looking to trade forex, it's important to identify reliable brokers and avoid those that are not.

You cannot delete active accounts in your Client Profile. Please contact the technical support service via LIVE CHAT or any other means of communication, should you need to do so.