Forex Traders often wish to trade with brokers that offer suitable trading conditions, affordable minimum deposit, and easy to use trading platform. Sometimes they even trade with loosely regulated forex brokers for lower minimum deposit and higher leverage. LiteFinance is one of highly regulated forex brokers that offers online trading services to the traders worldwide. It is regulated by Cysec, CMA, SEC, SECM, SBV. etc.
If you consider using LiteFinance as your broker, you may be wondering about the minimum deposit requirements, deposit conditions of LiteFinance. In this guide, we will provide you with a comprehensive overview of LiteFinance’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading trading journey
What is the minimum deposit for LiteFinance?
The minimum deposit of LiteFinance is $10.However, the broker recommends minimum deposits based on account types. These include
- ECN Accounts: $50
- Classic accounts: $50
- Cent Accounts: $10
LiteFinance Overview
- Founded In: 2005
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
- Trading platform: MT4/5, LF, cTrader
- Account Types: ECN, Classic
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple (XRP), WebMoney
- US Traders: Not Accept
How to Fund Your LiteFinance Account : A step by Step Guide
Step 1: Log in to Your LiteFinance Account
To fund your LiteFinance account, you’ll first need to create your LiteFinance account or log in to your existing account. Open your preferred web browser and go to the official LiteFinance website. Then visit to the login section. You will find it in Manubar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to Deposit Section
Once logged in, go to the deposit section within your LiteFinance account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your LiteFinance account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, wire transfer via Instacoin. LiteFinance currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your LiteFinance trading account which allows you to start trading on the platform.
How to Withdraw Funds from LiteFinance
To withdraw funds from LiteFinance, follow these steps:
- Log in to your LiteFinance account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by LiteFinance.
Frequently Asked Questions (FAQs)
What is LiteFinance?
LiteFinance (formerly known as LiteForex) is an online forex and CFD broker founded in 2005. It provides online trading services for individuals interested in participating in the foreign exchange market and other financial markets. LiteForex offers various trading accounts, platforms, and educational resources for traders. You can trade using MT4, MT5, and mobile trading apps on LIteFiance. This broker offers 250+ trading instruments for retail traders.
What is the Maximum Deposit of LiteFinance?
LiteFinance does not have a maximum deposit limit. You may deposit as much as you want. However, your deposit methods might have transaction limits. For example, Paypal, Neteller, and Skrill have a max deposit limit of 50,000 of your base currency (USD, GBP, EUR)
What currency can I deposit into LiteFinance?
For Single Currency Bitcoin
LiteFinance accepts only Bitcoin deposits. You may deposit via directly with cryptocurrencies or purchase cryptocurrency form third party websites like coinbase and make deposit. However, you can not deposit using any other methods.
For Multiple Currency
LiteFinance accepts multiple base currencies, including EUR, USD. If your country’s base currency is not listed, you can convert and deposit funds in your preferred currency.
What is the maximum leverage of LiteFinance?
The Maximum Leverage of LiteFinance is 1000:1. It means that you can trade up to 1000 times the equivalent amount of base currency you have in your account.
How much does it cost to deposit in LiteFinance?
LiteFinance does not charge any fees for deposits made via any method. However, your card issuer or payment provider may or may not impose a small fee. If you convert your currency and make a deposit, conversion charges might be applicable
What is the Minimum trade size of LiteFinance ?
The Minimum trade size of LiteFinance is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
What is the Maximum Trade size of LiteFinance ?
There is no maximum lot size limitation, except available liquidity, marginal requirements and maximum instrument exposure.
How long does it take to deposit on LiteFinance?
LiteFinance deposits are usually instant. The broker accepts multiple deposit methods. However, the deposit turnaround time (TAT) may vary depending on the chosen payment methods.
- Visa debit/credit card: Immediate
- Mastercard debit/credit card: Immediate
- PayPal: Immediate
- Domestic bank transfer: Same day
- International Bank Transfer: 1-5 working days
LiteFinance does not accept payments from third parties. The payment account holder must match the account holder’s name. For joint accounts, the LiteFinance account must be opened in the name of any one of the joint account holders.
How much should I deposit in my LiteFinance account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does LiteFinance use?
LiteFinance uses MT4, MT5, MobileTrader (MobileApp) trading platforms.
Final Verdict :
LiteFinance is one of the most popular forex brokers. The minimum deposit at LiteFinance is $10. This minimum deposit helps traders to enter the market easily, with minimal financial risk. It also provides an opportunity to test trading platforms and strategies in a cost-effective way.
