Since 2005, Lite Finance is one of the best ECN forex broker. Additionally, this broker is under CySEC 093/08 regulation (only Lite Forex (Europe) Limited.
Lite Forex was founded in 2005 and registered in the Marshall Islands in September 2013 as the trading name of Lite Forex Investments Limited. The first account to allow a minimum deposit of under $1 was the cent account from Lite Forex, which give low-budget traders access to the real market. Additionally, it opened the most liquid financial market in the world to innumerable emerging market traders with deposits as low as $100.
In the previous fifteen years, Lite Forex has increased the number of services it offers, added assets, and offered a wide range of alluring trader bonuses. But Lite Forex’s achievements don’t end there. The broker was listed in World Finance magazine’s list of the World Finance 100.
This best international trading brokers provides Classic, ECN, ECN (EU), and Forex Demo Accounts in addition to Forex (EU). It would help if you also thought about leverage and the minimum deposit while managing your trading account. Leverage is a term used to describe various financial instruments. Lite Finance offers maximum leverage of 1:500. You can open an account in the interim with $50 as the initial investment.
At Lite Finance, there are 4 primary accounts available:
Classic: In exchange for flexible spreads, classic traders must make a minimum deposit of $50. Trading volume must start at 0.01 lots. This account, which allows for scalping, Expert Advisors, trailing stops, pending orders, one-click trading, mobile trading, and automated trading, may be useful for advanced traders.
ECN: Traders can deposit a minimum of $50 and execute trades with a minimum volume of 0.01. Spreads are flexible and work with pending orders, one-click trading, mobile trading, trailing stops, and automated trading.
ECN (EU): The minimum transaction volume is 0.01 lots, and the minimum deposit is $50. Customers can take advantage of advanced tools, including trailing stops, pending orders, one-click trading, mobile trading, and automated trading, as well as variable spreads starting at 0.0.
- St. Vincent and the Grenadines-regulated
- Each client has access to social trading.
- Numerous mobile applications exist for trading, analysis, news, alerts, etc.
- Claws & Horns-powered signals and updated, thorough analysis.
- Several payment options, local transfers, and around six cryptocurrencies are also included.
- Numerous competitions, including demo competitions with monthly winners.
- $10 is the low minimum trading capital.
- There are few tradable assets, including no CFDs on European stocks or agricultural commodities.
- Customers from the USA, Israel, and Japan are not served.
- No matter your account type or deposit, there is no free VPS.
Security and Regulation for Lite Finance
St. Vincent and the Grenadines oversee Lite Finance’s authorization and regulation. All client monies are securely stored in separate bank accounts to regulatory requirements.
The money cannot be used to pay off the broker’s debts or other financial commitments. The monies will only be repaid to the depositors even if Lite Finance declares bankruptcy.
The Investor Compensation Fund provides additional protection for the clients of brokers regulated by St. Vincent and the Grenadines (ICF). Investors could get a maximum of €20,000 in compensation if Lite Finance goes bankrupt in the future.
How do Lite Finance discounts operate?
When you link a brand-new or current forex trading account to us, the broker rewards you by giving us a portion of their spread or commission profit for each trade you execute.
Most of our profits are subsequently distributed to you, and as a way of saying “thank you” for joining us, we give you cash back for every trade you make.
Unlike some of our rivals, your spreads won’t ever grow due to using our service. The only difference is that when you trade with us instead of directly with the broker, you make more money every trade as our client. We are the first and top supplier of forex rebates, having been established in 2007. Over 100,000 accounts receive rebates from us, and traders adore our friendly 24-hour live chat, phone, and email service.
As of October 26, 2021, the EUR/USD Lite Finance swap rates are -5.616 for holding an overnight long position of 1 lot and -0.156 for holding an overnight short position of 1. Compared to the rollover rates provided by other major brokers, we believe Best international trading broker Lite Finance’s rollover rates are greater.