Lite Finance

LiteFinance Exchange has been providing investors with excellent trading experiences since 2005, thanks to its top-tier liquidity across various currency pairs, commodities, and stock markets. All major currency pairs and cross-currency pairs, as well as oil, precious metals, and other commodities, are available for trading.

INFORMATION

• Min Spread: 0.1
• Min Deposit: 50$
• Max Leverage: 1:1000
• Bonus: 100$
• Trading Flatforms: MT4,MT5
• Support: 02873019986
• Deposit Methods: Credit, Debit
• Type of Brokers: Sàn Đẩy Lệnh
• Currency Pairs: Forex, Kim loại , Dầu, Chỉ số Chứng khoán, Cổ phiếu, Crypto
• Regulated by: CySEC, Marshall

Review details

LiteFinance Exchange provides investors with excellent trading experiences with first-class liquidity on various currencies, commodities, and stock markets since 2005. All major and cross currency pairs, oil, precious metals, stock indices, blue-chip stocks, and the largest cryptocurrency pairs can be traded on Lite Finance. To learn more about this brokerage platform, let’s review the exchange in detail by following this article.

Overview of LiteFinance Exchange

Lite Finance Forex Exchange was established on July 2, 2005 and is known as a broker in the fields of finance, derivatives, and US securities. The main headquarters of Lite Exchange is located in the Marshall Islands and the Republic of Cyprus (Cyprus Island). Along with that, there are a series of representative offices in countries such as the UK, France, Germany, Portugal, Australia, Cyprus, Japan, and some countries in Southeast Asia, including Vietnam.

In addition, Lite Finance is increasingly expanding its operating market, as evidenced by its representative partners in more than 216 countries around the world.

Providing support in multiple languages is a strength of Lite Finance, and to date, Lite Finance has established its position by partnering with over 1 million customers and attracting over 300 new registered accounts each day..

Certificate of activity and guarantee policy for Lite Finance customers

Lite Finance Operation Certificate

Lite Finance is currently licensed by two reputable financial agencies in the world, CySEC and St. Vincent and Grenadines. In addition, the exchange is also completing the necessary procedures to obtain a license from ASIC – Australia.

The CySEC license number 230122 of Cyprus is one of the leading reputable licenses in the financial trading industry, ensuring safety in fund deposits and transparency in trading for global investors. This agency will be responsible for managing all operations of the Lite Finance Forex Exchange in Europe.

The St. Vincent and Grenadines license is one of the popular licenses in the Forex trading industry that helps companies reduce income tax and increase financial leverage to maximize profits for customers. This agency is fully responsible for managing all transactions globally.

Recently, LiteFinance announced that it has officially obtained the certificate of trademark registration No. 440462 issued by the National Office of Intellectual Property of Vietnam, signed by the Director of the Office, Mr. Dinh Huu Phi. This certificate was issued based on Decision No. 87556/QD-SHTT dated October 4, 2022, which is valid for 10 years and will be renewed in the future.

The certificate of trademark registration is a very important legal document that protects the legal status of the trademark owner. In other words, it is evidence of the legitimate and unique ownership of the registered trademark by LiteFinance.

This means that LiteFinance has been protected by the National Office of Intellectual Property of Vietnam. Any act of counterfeiting or intentionally causing confusion, economic damage, or harm to the reputation of LiteFinance will be strictly punished according to the law.

Lite Finance’s customer assurance policies

Lite Finance operates with a Segregated Account mechanism, meaning that customers’ accounts will be held in separate bank accounts and Lite Finance will not use them for any reason. If this broker goes bankrupt or becomes unable to pay, this mechanism serves as evidence for customers’ deposited funds and supports compensation.

The ICF Fund ensures compensation for Lite Finance’s customers in case of any complaints arising from Forex Broker’s failure to perform, with compensation up to 20,000 euros.

Trading products of Forex Lite Finance.

• Currencies: with 56 currency pairs provided (main currency, cross currency, etc.)
• Metals: there are 4 metal products including gold, silver, platinum, palladium., of which 2 popular products are Gold and Silver are allowed to trade with maximum leverage of 1:400.
• Oil: there are 2 oil products, UKBrent and USCrude.
• Stock indices & CFDs: Lite Finance offers a variety of stock indices including popular indices such as S&P500, NASDAQ100, DAX30, ASX200, NI225, HK50…
• Cryptocurrencies: There are 15 cryptocurrency pairs, including popular products such as BTCUSD, ETHUSD, XRPUSD, EOSUSD, ETHBTC…
• US stocks are listed on NasDaq, NYSE (including 13 codes): Google, Facebook, Apple, Alibaba,…

4. Forex Lite Finance trading platform account

Previously, in addition to the Demo account, Lite Finance provided three types of accounts for investors to choose from. However, currently, Lite only offers two types of accounts: ECN and Classic.

4.1. ECN account

• Advantages of ECN account: Has the lowest Spread fee (0.0 pips for EURUSD currency pair) compared to the common ground. Extremely fast order matching speed to microseconds. In good liquidity market conditions, transactions are almost non-slip. Deposit interest rate 2.5%/year, minimum deposit is 50$.
• Cons: Spread fee can be stretched sharply at times when the market is volatile or when the trading session (from 5-6 am) has low liquidity, investors should avoid trading at this time.

4.2. Classic account

• ƯAdvantages: Applying a fixed spread fee, inelastic even after news release. Free commission. Increased liquidity, fast order execution in all market conditions. Limit slippage on news release time and session delivery time. Leverage for gold up to 1:500 and Forex up to 1:1000. Minimum deposit 50$.
• Cons: Spread fees are higher than ECN accounts.

5.Trading platform at Lite Finance

In Vietnam, Forex trading platform Lite Finance currently offers its customers the two most popular trading platforms in the financial market, MT4 and MT5.

Both trading platforms are compatible with computers, phones (iOS and Android), or investors can trade directly on the website interface of the exchange through Webtrader, with a user-friendly and easy-to-use interface.

Investors can download these trading platforms on the official website of Lite Finance (https://www.litefinance.com/) in the Forex trading section on the menu bar and select the platform they want to download.

Nền tảng giao dịch

To experience actual trading with Lite Finance, investors can open a demo account here and familiarize themselves with the interface before deciding to invest with the platform.

6. Leverage and fees at Lite Finance

The maximum leverage provided by Lite Finance for Forex pairs is up to 1:1000 for Classic accounts and up to 1:1000 for ECN accounts.

Some other trading products include:

• US stocks: 1:50
• Stock indices: maximum leverage is 1:100, but depending on each index, there are different leverage levels such as: ASX200, 2FTSE, YM, CAC, FADX, SPX, SX5E, NQ will enjoy maximum leverage of 1:100; while NI225 1:5; The remaining 2 codes are IBEX35, HK50 will only get 1:20
• Metal to Gold: Classic account supports 1:500 and ECN account is 1:500
• Oil (with oil traded on futures) maximum leverage is 1:10
• Crude Oil:  1:10 (1 barrel margin when trading 1 lot)
• Cryptocurrency 1:10

All products traded with a Classic account will not be charged commission fees, except for CFD Stocks at around 0.35 USD/lot.

For ECN accounts, there are two types: ECN VT2 and ECN NG, and each of them has different commission fee rates.

ECN account, the spread fee provided by Lite Finance is very low, starting from 0.0 pip for the EUR/USD currency pair. However, as it is a floating fee, during times of high market volatility, the spread fee may sometimes widen.

Classic account, the spread fee for this account type will be higher compared to the ECN account.

8. Lite Finance deposit/withdrawal policy

Forex trading platform Lite Finance currently offers an impressive range of payment methods for depositing and withdrawing funds. Lite Finance customers can use international electronic payment methods, Visa/Mastercard (with a minimum deposit of $10 and deposit fees fully supported by Lite Finance), bank cards, bank transfers, and other methods, including local bank deposit/withdrawal.

While these payment methods are all available for traders to use, they may have different deposit and withdrawal times. Therefore, depositing and withdrawing funds through the Ngan Luong payment gateway or domestic banks is the best option.

9. Customer care policy of Forex Lite Finance trading platform

Lite Finance joined Vietnam in 2014 and currently has more than 27 offices nationwide, providing convenient trading conditions for many investors.

Traders can also receive support through Lite Finance’s social media channels managed by their staff on Facebook, Twitter, Telegram, Instagram, etc.

Lite Finance has a professional support team worldwide, especially with Vietnamese language support to answer any questions from Vietnamese traders. The working hours are from 8:30 AM to 10:00 PM, Monday to Friday.

The customer care team is one of the key factors contributing to Lite Finance’s success and the retention of long-term customers.

10. Is Lite Finance floor really reliable to invest?

To survive in this market, finding a reliable Forex Broker is a top concern for many investors. Lite Finance is considered as one of the best choices for you due to the following reasons, which have gained the trust of not only Vietnamese investors but also investors worldwide:

The first is the Forex Lite Finance exchange that is licensed by two leading reputable financial authorities, CySEC and St. Vincent and the Grenadines (coming soon to receive an ASIC license).

The second is the platform that provides the most popular trading platform today, MT4, MT5 for quick order matching, avoiding price slippage.

Professional customer care team and ready to answer all investors’ questions.

In addition to marking the success of Lite, in the past year of 2020, the exchange has achieved many successes in the market.

𝑬𝑪𝑵 𝑩𝒓𝒐𝒌𝒆𝒓: Lite Finance is the world’s leading fully licensed broker, rated by major websites and forums such as Investing.com, World Finance, ForexFactory, Top10ForexGlobal. In addition, the floor’s ECN platform has always met the requirements of customers, and at the same time affirms the good service quality and is worthy of international market class.

𝑪𝒐𝒑𝒚 𝑻𝒓𝒂𝒅𝒊𝒏𝒈 𝑷𝒍𝒂𝒕𝒇𝒐𝒓𝒎: Lite Finance owns a modern trading platform, advanced Copy Trade technology, and an experienced Master Trader team.

𝑭𝒐𝒓𝒆𝒙 𝑻𝒓𝒂𝒅𝒊𝒏𝒈 : Lite Finance is always proud of being a broker with high liquidity, Fast order execution to microseconds, Stable transaction fees, low spread fees, Fast deposit and withdrawal, Diversity. Payment gateway, enthusiastic Support team, 24/7 continuous support.

The Forex trading platform Lite Finance is considered to be one of the trustworthy and reputable Forex Brokers in the industry.

• Fast deposit and withdrawal speed, supported with deposit and withdrawal fees.
• Professional customer support service, with a Vietnamese support team.
• STP floor did not hold orders, pushed orders directly to the interbank market.
• Quick order matching time.
• The exchange also has copytrade system for newbies & those who don’t have much time to trade on their own

With the information from the above article, players can consider to choose the right exchange for their investment strategy.