How to Open a LiteFinance Account and Join the Trade Smart Challenge

LiteFinance

As an international ECN broker, LiteFinance is considered by its clients to be an excellent partner for investing in the markets. Strictly regulated by multiple oversight bodies to offer its services worldwide, LiteFinance provides access to a transparent trading environment with exceptionally high safety standards, advantageous trading conditions, and cutting-edge tools.

Over 18 years in the markets.

Founded in 2005, the company has been operating in the markets for nearly two decades, providing traders with a service rich in excellent investment solutions, clear and advantageous conditions, constantly updated tools, and technologically advanced features.

ECN Technology.

Traders can operate in the markets without the intervention of any intermediary. Through a dense electronic communication network, clients can interact directly with liquidity providers and execute orders at the best market price, without delays, slippage, or requotes. The main advantages of ECN trading include: orders sent directly to liquidity providers, zero intermediations, immediate execution, no conflict of interest, and all strategies allowed.

Broad range of instruments.

Traders will have the opportunity to invest in Forex, precious metals, stocks, indices, cryptocurrencies, and crude oil.

Impeccable customer service.

A team of professionals in the field always ready for any eventuality and at any moment.

Trading platforms.

LiteFinance offers clients the opportunity to interact in the markets using the world’s best online trading software: MT4, MT5, and cTrader. Intuitive, technologically advanced, and with a wide range of cutting-edge tools.

Available accounts.

The broker allows traders to opt for two types of accounts: ECN and Classic. Although the list of accounts is not extremely extensive, the accounts offered have been carefully structured to allow traders of any level to invest to the best of their abilities.

Promotions.

To further improve the trading experiences of its clients, the broker often offers interesting promotional initiatives.

Visit the official LiteFinance website

LiteFinance Promotions

As mentioned earlier, the broker periodically launches exciting promotional initiatives with the intent of enhancing the work of its clients and expanding the chances of profit. Bonuses, discounts, and contests are carefully crafted to allow clients to diversify their investment portfolios, trade larger volumes than the actual capital invested, and perfect their style.

Currently, the available promo for clients is the Trade Smart Challenge.

Open a real account with LiteFinance

Trade Smart Challenge

An innovative and extremely advantageous promo, the Trade Smart Challenge offers clients the opportunity to receive a bonus of up to 50% of the total investment over a specific period. The promo is only activatable on ECN type accounts. To participate, a deposit of at least $100 is required. To receive the bonus, the client must meet certain trading conditions within 30 days of activating the promo.

After meeting the following conditions, the trader will receive a bonus equal to 50% of the entire traded amount.

1. Achieve a profit on closed transactions exceeding 50% of the total deposit.
2. Execute a trading volume not less than 2% of the deposits made during the promotional period.
3. Any losses must not exceed 20% of the total deposit. The value of all open transactions (floating profit/loss) will be considered.
4. Losses must not exceed 70% of the total investment made during the promotional period.
5. The margin must not exceed 30% of own capital. In practice, it will not be possible to use more than 30% of the funds as margin for open operations.

Upon meeting all the conditions just described, the client will receive the withdrawable bonus corresponding to 50% of the total capital invested. For example:

• Total investment 100,000 USD.
• Profit realized 50,000 USD.
• Withdrawable bonus 50,000 USD.

To participate in the promotional initiative, simply follow the next easy steps:

First step.

Access your LiteFinance account. Traders without an account can quickly register by clicking here.

Second step.

Open an ECN type account to participate in the promotional initiative.

Make the minimum deposit of 100 USD to activate the promo using the promotional code Tradesmart.

Third step.

Invest to the best of your ability to meet the required trading conditions.

Final step.

Upon meeting conditions, a bonus fund amount equal to 50% of total investments will be credited to your account.

Terms and Conditions of Use

To access the initiative, the client must carefully read and accept the regulation. Following is a summary of the main information and rules to be respected.

• Extra funds will be credited to the participant’s account within 5 days of meeting the conditions. The bonus can be used for further trading or withdrawn at any time.
• Only external deposits made throughout the promotional period through the Finance/Deposit portal will be considered as “investments”. Other transactions such as internal transfers, positive swaps, and dividends will not be valid for meeting the conditions.
• The maximum total of extra funds that each trader can derive from participating in the promo is 50,000 USD.
• To participate in the promo, the trader must have a strictly verified account
• The only account compatible with the promo is the ECN MT4 account.
• To access the promo, the client must make a minimum deposit starting from 100 USD and activate the promotional code TRADESMART.
• The promotional code cannot be used by traders residing in South Korea.
• Once the promotional code is activated and the deposit is made, the trader will have 30 days to meet the conditions and receive the award.
• Accounts with other active promos cannot request participation in the initiative.
• After activating the promo, the trader’s account will be entered into a ranking. The client can consult the table in the promo section and view their results.
• Each trader can access the promo with multiple accounts simultaneously.
• The promotional code can be used once only on the initial deposit made. Deposits made during the promotional period do not require any code.
• At the end of the promo, the client can register to access the initiative again. It will be necessary to make another deposit and activate a new promotional code.
• The leverage usable during the promotional period varies according to the trader’s needs (from a minimum of 1:1 to a maximum of 1:1000).
• The client can trade on any instrument offered by the broker.
• During the promotional period, the trader can make an unlimited number of deposits.
• Any withdrawals during the promotional period will cause exclusion from the ranking.
• All profits made on closed positions must be at least equal to 50% of the total deposit made throughout the promotional period. Profits will be calculated according to the following formula: Profit = Total deposit × 0.5.
• The calculation of profits is only made on transactions opened and closed during the promotional period.
• The trading volume during the promotional period is equal to 3% of the total deposit: Trading lots = (Total deposit + Initial balance) × 0.02. For cryptocurrency trades, the volume will be calculated according to the following formula: volume × contract size / 100,000 × market price.
• The following operations will not be considered valid for the calculation of the necessary volume: operations opened before the activation of the promo, transactions closed after the end of the promo, copied transactions, canceled and voided or pending orders, covered positions, transactions with a duration of less than 15 seconds, operations that have produced less than 30 pip of profit/loss.
• Floating loss must not be more than 20% of the account balance: Floating profit/loss + Commission <= Balance × 0.2.
• The trader must not lose more than 70% of the total investment: Floating Profit/Loss + Closed Profit/Loss + Commission + SWAP <= Total Investment × 0.7.
• The margin for open positions must not exceed 30% of the capital. To calculate it, execute the following formula: Margin percentage = Margin / Capital × 100
• The broker reserves the right to modify the terms of the promotion or to cancel it at any time without prior notice.

Participate in the Trade Smart Challenge LiteFinance

Available Accounts

As mentioned earlier, the broker offers traders the opportunity to choose between two types of accounts to invest. Despite the list not offering multiple options, the accounts provided have been carefully created to allow any category of trader to trade to the best of their abilities.

In case the trader wishes to test the offered environment without risking funds, they can opt for opening a demo version of the selected account and start investing virtual funds at zero expense and without any risk.

The accounts offered by the broker are as follows:

• ECN Account.
• Classic Account.

Open a real account with LiteFinance

ECN Account

Primarily suitable for experienced traders, the ECN account offers an environment for professional trading with high performance. By opting for this type of account, the client can interact in the markets without any intermediaries with extremely advantageous trading conditions that include spreads starting from 0 pip, low trading commissions, and leverage up to 1:1000.

Open an ECN LiteFinance account

Classic Account

Account type compatible with any category of trader. The classic account allows both beginner and expert traders easy access to the markets with optimal conditions and moderate risk. Featuring minimized spreads, no commissions, and a minimum deposit of only $50, these are ideal features especially for novice traders intending to start investing without committing too much capital and without taking excessive risks.

Open a Classic LiteFinance account

How to Open a New Account with LiteFinance

Traders interested in opening a new account with the broker can register quickly and with extreme ease. The new client will need to provide all necessary information for registration, choose the account most suitable to their needs, verify the data provided, and make the required minimum deposit.

To open an account, simply follow these easy steps:

First step.

To begin, the trader must visit the official website and click on the “Register” icon visible at the top right of the page. In the new screen, specify country of residence, email, and date of birth. Accept the terms and conditions of use, create a password, and click on “continue”. The broker will send a confirmation code to the email entered in the registration form. Enter the code in the appropriate space and click on “Verify”. In the new screen, type your phone number and click on “Continue”. Check your smartphone and enter the confirmation code.

Second step.

At this stage, the client must provide personal information such as: name, surname, gender, nickname, nationality, and place of birth. Click on “Continue”.

Third step.

To continue the registration, the trader must:

1. Provide information regarding their financial status, reasons for opening the trading account, types of operations to be executed (on forex, raw materials, crypto, etc.), how much they wish to invest, origin of funds, work sector, job position, regular financial obligations (rent, bills, bank loans, etc.),
2. Answer questions to assess their level of trading experience.
3. Be fully aware of the risks in trading: download and complete the trading risk form. Send it back to the broker.

Last step.

The trader must confirm their identity and country of origin by performing a verification. To proceed, send a clear front and back photo of a valid identification document and a recent bill of a service (electricity, gas, internet) in the account holder’s name containing the full address. Once suitable, the client can choose the most suitable account for their needs, make a deposit, and start investing.

Open a real LiteFinance account