LiteFinance's history and achievements

The year 2023 traditionally began with the presenting gifts. Amid the New Year celebrations, LiteFinance raffled off the latest gadgets by Apple - handy equipment for online trading!

LiteFinance regularly improves service quality and adds new features to the Client Profile. You can now top up your trading account using Tron (TRX) cryptocurrency with zero commissions. The company also added local deposit methods for traders in different countries - Yemen, Egypt, and Brazil.

LiteFinance continues to expand its global network of regional offices, including in Uzbekistan, Mongolia, and Tanzania. This direction allows the company to improve its services: conduct training seminars and provide comprehensive support in local languages.

The geography of contests for traders and partners is also expanding. The traditional Lucky Ticket draw has been successfully launched in Singapore, Algeria, Tajikistan, Brazil and LATAM countries. Competitions in new regions have become extremely popular, and LiteFinance has decided to extend them. Thus, traders will have more chances to win a prize, as well as take advantage of bonuses for depositing their accounts.

A new service, Forecast for Quotes, was launched in the spring. A trader just needs to predict the price movement in points correctly. The trader also determines the amount of risk/potential profit.

The company has also launched a permanent Trade Smart promotion. Now, traders can receive 50% of the deposit to their account as an additional reward. You only need to fulfill the trading conditions while observing the rules of risk and money management.

LiteFinance added commodity assets to its list of trading instruments in the summer. Five new agricultural commodity contracts have been added: cocoa, coffee, corn, soybeans, and wheat. These instruments belong to cyclical assets, and their value is easily predicted. This allows LiteFinance clients to make profits with relatively low risks.

VIX75 was also added to the list of trading assets. The exchange rate of this instrument does not depend on market factors; it can be traded around the clock, seven days a week, including holidays. New stocks and cryptocurrencies are also available for trading.

The company has been constantly improving its developments. LiteFinance has released an updated version of LiteFinance Mobile Trading app for iOS and Android devices. The software works even faster and more stable, and the interface has become more convenient and productive. New tools for market analysis have also been added.

In addition to the mobile app, the LiteFinance online platform, and MetaTrader terminals, the company’s clients can use the cTrader terminal. It is an advanced platform with an intuitive interface, a wide range of indicators, and rich automated trading capabilities.

At the end of the year, LiteFinance traditionally gathers international awards. The company has surpassed numerous strong competitors and entered the top 100 most reliable Forex brokers in the Middle East, according to SmartVision.

LiteFinance also won two nominations from the British edition of Global Brands - “Best ECN Broker in Asia" and “Best Forex Broker in MENA Countries." The company's innovative solutions were recognized with the "Best Trading Account for Beginners" award at the largest international exhibition, Forex EXPO Dubai.

To be continued...

2022 was rich in events for LiteFinance. In February, the company released a new mobile trading app. We have seriously improved the LiteFinance Mobile trading app. It is much faster and more productive now. The app's functionality has been significantly expanded. As a result, a huge number of technical and graphical analysis methods have been added, and the choice of trading instruments has been expanded. The built-in signals and professional analytics will surprise even the most experienced traders. The LiteFinance app has become a truly innovative development. You can trade and analyze the markets right on your smartphone!

LiteFinance continues to expand its global presence. Eight representative offices opened in 2022, including Singapore, Uganda, Morocco, and Egypt. Such extensions not only make online trading as accessible as possible for our customers but also personalize our services for the specifics of each region.

LiteFinance is expanding its cooperation with the largest, most reliable banks and payment systems as part of its international expansion. As a result, our clients can use more convenient local transfers to fund their trading accounts.

New trading instruments were added last year. LiteFinance clients can now trade Coca-Cola, Ford, Tencent Music, Global Payments, Henry Hub natural gas (XNGUSD) stocks, and new cryptocurrencies. In total, more than 30 trading instruments are available now.

Trading digital assets have become more profitable. In June, LiteFinance increased the cryptocurrency leverage to 1:50. Thus, clients can open larger positions and increase potential profits.

One of the main events was the long-awaited final of the LiteFinance Dream Draw-2021 contest with a prize fund of $350,000. Due to the coronavirus restrictions, we have been forced to reschedule the awards ceremony. Fortunately, the situation changed for the better, and we held a gala dinner for the finalists with an online broadcast of the draw. In the video below, you can see a review of the most long-awaited event in the world of traders:

In 2022, the company received many major international awards. LiteFinance beat many competitors and won one of the most prestigious awards in the financial industry, the best retail Forex broker according to the jury of the international exhibition Smart Vision Investment EXPO-2022.

The best ECN broker, according to Gazet International magazine, is another company's victory. Once again, the technological achievements of LiteFinance were recognized by the British edition of Global Brands in the nominations "The Most Innovative ECN Broker in the MENA Countries" and "The Most Innovative Regional Forex Broker in Asia".

The security of funds and customers' personal data remains one of the company's priorities. The protection of the website and personal account is constantly being improved. The servers are also regularly serviced. As part of the overall optimization in 2022, the LiteFinance website and client profile moved to a .org domain.

LiteFinance continues to hold contests and promotions among customers and partners. In 2022, the company launched new regional competitions in Morocco, Bangladesh, Nigeria, Mongolia, Mexico, Tanzania, and Kyrgyzstan. LiteFinance clients and partners won brand-new cars, motorcycles, Apple products, and travel tours to various countries.

2021 became an especially important year in the company’s history. It was the year when LiteFinance (ex. LiteForex) started a new stage of its development to expand its presence around the world and create innovative financial and investment products.

In May, two-factor authentication was added for entering the LiteFinance (ex. LiteForex) Client Profile to enhance the security of operations in financial markets.

In the same period, it became possible to top up trading accounts with the Ripple cryptocurrency, making depositing even more convenient to our clients.

In September, two payment systems for depositing and withdrawing funds from trading accounts became available: Skrill and Neteller.

In October 2021, LiteFinance (ex. LiteForex) extended the list of the instruments provided for trading by nine cryptocurrency pairs and the shares of the thirty largest companies traded on three European stock exchanges.

In late 2021, LiteFinance (ex. LiteForex) won an award for Best Mobile Trading Platform at Smart Vision Investment Expo 2021 in Cairo and two Global Brands Magazine Awards 2021: Most Innovative Forex Broker in Southeast Asia and Best Trading Instruments and Software in Africa.

On November 8, 2021, LiteFinance (ex. LiteForex) transferred all trading accounts to a new jurisdiction, and all obligations of LiteForex Investments Limited were completely transferred to LiteFinance Global LLC. All trading servers in MetaTrader terminals were renamed. On November 18, the broker officially rebranded and changed its name to LiteFinance. The reorganization purpose is the company's desire for development and further plans for obtaining licenses in new jurisdictions. These changes were introduced without any difficulties or inconveniences for the company’s clients.

In December, the company added another thirty cryptocurrency pairs to the list of cryptocurrencies available for trading. Thus, our clients are welcome to trade more than fifty cryptocurrency assets in the most favorable conditions ever provided by the brokerage service industry.

On December 1, the company launched two major annual regional competitions for partners from Nigeria and Ghana with a total prize fund of $223,000.

The year finished with the already traditional New Year Promo, in which LiteFinance (ex. LiteForex) distributes high-tech prizes from Apple and cash prizes to 103 of the most active traders in December.

As always, LiteFinance’s New Year 2020 started with presents. This time, we presented our New Year promo winners with even more powerful Apple devices to make their trading smoother.

Despite all the hardships that the year 2020 dropped on all of us, LiteFinance managed not only to keep up with the previous performance indicators but outrun them. We treated the pandemic as a serious thing from the very beginning, taking all necessary measures to provide uninterrupted service. We introduced necessary restrictions even before official governmental directives, so we can tell for sure that COVID-19 didn't and won't affect our services' quality.

Also, LiteFinance marked its 15th anniversary by holding a fantastic promotion. Its fabulous prizes include a $250,000 certificate for buying a dream house anywhere in the world, a $60,000 certificate for buying a dream car, and 18 Apple gadgets! This incredible promotion will end at a gala dinner in Dubai in 2021, where twenty prizes will be raffled among twenty finalists.

In September, the Company cut spreads in the XAUUSD by 20 points on average in CLASSIC and ECN accounts.

The year ended magnificently with the broker winning Forex Awards 2020 which is a prestigious award of a widely respected magazine Global Brands. LiteFinance won in three categories: Best ECN Broker in the African region, Best Copy Trading Platform in Southeast Asia, Best Retail Forex Trading Platform in MENA countries.We are very pleased with our work in 2020 and how it has been rated by Global Brands Magazine.

The year 2019 started with traditional gifts for the winners of the company's annual New Year competition. The 2019 prizes included Apple products, which will help the winners make more trading profits, and 100 money prizes.

In February, we cut margin requirements for the XAUUSD and the XAGUSD twofold. Trading metals became therefore more profitable.

In March, LiteFinance dropped to zero the hedged margin in trading accounts hosted on the "Classic" server. A bit earlier that year, the hedged margin in the ECN server accounts was cut twice too.

Also, LiteFinance added a free extension to the Chrome Web Store. The extension's called "Forex signals," and it processes signals for ten popular technical indicators, provides accurate advice on buying or selling assets, and follows market sentiment for any trading asset provided at LiteFinance.

In June, LiteFinance connected the WebMoney payment system to its Client Area so that the clients can use even more deposit and withdrawal methods.

In July, LiteFinance celebrated 14 years of work on the financial markets and gave 100% deposit bonuses to all the clients.

In September, the company's registered users were connected to a new analytical service. It includes exclusive forecasts and analysis for financial instruments delivered by the independent analytical service "Claws & Horns" specifically for LiteFinance. The service also features signals for eleven trading indicators, the economic calendar, and actual interest rates. All the information can be sorted using convenient filters.

The year 2018 starts with awarding prizes to the winners of the NEW YEAR PROMO. Clients from Malaysia and Brazil won the main prizes and started the new year on a positive note. Besides the main winners, money prizes were awarded to 100 LiteFinance clients worldwide.

Also, in late January 2018 the LiteFinance broker enlarged the range of its trading tools again, adding the following CFDs on the world biggest corporations’ stock: PayPal Holdings Inc (PYPL), NVIDIA Corporation (NVDA), Tesla Inc (TSLA), Starbucks Corporation (SBUX), Pepsico Inc (PEP), Alibaba Group Holding Ltd (BABA), Visa Inc (VISA), Lockheed Martin Corporation (LMT).

The fans of cryptocurrencies enjoyed pleasant bonuses in February 2018.

LiteFinance launched trading in the unprecedented number of cryptocurrency pairs, such as BCHBTC (BitCoin Cash vs BitCoin), BCHETH (BitCoin Cash vs Ethereum), BCHUSD (BitCoin Cash vs US Dollar), DSHBTC (Dashcoin vs BitCoin), DSHUSD (Dashcoin vs US Dollar), ETCBTC (Ethereum Classic vs BitCoin), ETCUSD (Ethereum Classic vs US Dollar), ETHBTC (Ethereum vs BitCoin), ETHUSD (Ethereum vs US Dollar), ETHLTC (Ethereum vs LiteCoin), LTCBTC (LiteCoin vs BitCoin), LTCUSD (LiteCoin vs US Dollar), XMRBTC (Monero vs BitCoin), XMRUSD (Monero vs US Dollar), XRPUSD (Ripple vs US Dollar), ZECBTC (ZCash vs Bitcoin), and ZECUSD (ZCash vs US Dollar). Our liquidity providers ensure the best cryptocurrency quotes and fast execution.

What’s more, LiteFinance starts granting a 100% bonus on cryptocurrency deposits and runs the demo contest CRYPTOBATTLE endowed with unprecedented weekly prizes of 1.3 BTC. CRYPTOBATTLE from LiteFinance allowed our clients to assess the potential of cryptocurrency tools, perfect their trading skills, get inspired by a competitive spirit, and win a big prize.

Also, we developed a new design of business cards containing personal QR codes for our partners and official representatives. It allowed them to conduct more efficient work with referrals.

In winter 2018, LiteFinance launches a new application “Mobile Trading" for Android and iOS devices. The application provides all necessary options for managing client profiles, conducting non-trading operations with accounts and installing mobile platforms.

In April 2018, the access to cryptocurrency pairs becomes round-the-clock, 7 days a week.

In the 2018 first half, LiteFinance’s team of IT developers and UX designers had been working on an absolutely new high-tech client profiles whose goal was to perfect the copy trading system, create a powerful mobile browser version yielding nothing to a desktop one, and to introduce the option of online trading right from client profiles without the need to install additional platforms. We ensured access to trading in financial markets through a cutting-edge online platform anywhere using any Internet-connected device. Our developers have created a user-friendly and powerful interface. Finally, in May 2018 LiteFinance presents the absolutely new client profile for Beta Testing. At the same time, the previous version remains fully operational. The new version is perfected and updated based on our clients’ reviews and wishes.

In August 2018, LiteFinance introduces a new account currency - milli-bitcoin - with the view of minimizing the costs of the clients that conduct financial and trading operations in Bitcoins.

In September 2018, LiteFinance’s new client profile is brought to perfection and becomes available to all new and old clients. The profiles were translated into 14 international languages so that our clients from all across the globe can use the new interface in the language they know.

The new LiteFinance client space has been developed for the clients to:

• Trade online in a convenient and fast browser terminal in a multitude of trading instruments.
• Exploit the embedded options of the platform for conducting technical analysis right on the chart.
• Have comprehensive and up-to-date analytical support when trading in no matter which instrument.
• Exploit embedded functions for social trading and trade copying.
• Make fast deposits and withdrawals, based on the data of the trade© portfolio.
• Chat with traders from all over the world and join information channels for getting the latest thematic articles, signals, and analyses.

In October 2018, the LiteFinance broker enlarged again its set of trading instruments, having provided clients with the option of trading in platinum XPTUSD and palladium XPDUSD.

The LiteFinance company starts the year 2017 with the launch of new client profiles aimed at providing the users of mobile devices with access to the dedicated browser versions. Most functions of the previous version launched in 2011 were saved and optimized. The enthusiastic reviews that we got from our clients confirmed that we had been moving in the right direction.

In January 2017, the LiteFinance broker adds the DotPay.pl payment system into the list of available deposit methods. DotPay.pl is a certified local Polish payment system for Internet resources that unites over 200 banks within the same API.

In February 2017, the LiteFinance broker enlarged the range of provided trading instruments, having added stock indices in CENT accounts.

Also, we noted our clients’ growing interest in cryptocurrencies and provided the opportunity of topping up trading accounts and withdrawing money in Bitcoin and Litecoin without any fees. Later the same year, we added some more cryptocurrencies to our range of trading tools (Bitcoin Gold, Bitcoin Cash, Monero and Ethereum).

In March 2017, LiteFinance adds CFDs of the Frankfurt Stock Exchange to its list of trading instruments.

In April 2017, LiteFinance opens a new branch office in Warsaw and participates in the biggest financial exhibition of Central and Eastern Europe - FXCuffs. The two days of presentations, meetings, and lectures by leading Polish and foreign experts were fruitful for us to continue successful work in the European market.

In June 2017, we launch an application with trading strategies, freely available in App Store and Google Play. The app embraces various kinds of strategies: with graphic analysis, indicator, no indicator, scalping, martingale, patterns, and many others.

In July 2017, the LiteFinance team makes a decision to support the global sport community with the view of popularizing sport and a healthy lifestyle and thus becomes the official sponsor of badminton player Zulfadli Zulkiffli, the winner of many international competitions.

In August 2017, LiteFinance provides another deposit method - plastic cards of the China UnionPay system. This payment system boasts a high transaction security level and issues plastic cards in 42 countries of the world.

In the same summer, LiteFinance makes a digital breakthrough as one of the first brokers to add BTC/EUR and BTC/USD currency pairs for trading.

In October 2017, the LiteFinance brand became the sponsor of a badminton master class in Malaysia organized for children from 7 to 12 years old and taught by Honoured Master of Sports and worldwide recognized badminton player Zulfadli Zulkiffli.

Finally, following a good old tradition, the end of the year 2017 was marked with the launch of our popular promotion NEW YEAR PROMO endowed with attractive prizes: our global clients could fight for the latest hi-tech Apple products and money prizes.

Also, in December 2017 the LiteFinance broker launches a new contest for traders in demo accounts with a monthly prize of $10,000. The goal of this contest is to provide trading talents with a solid initial capital to allow them to start a successful career as a provider in the copy trading service.

The year 2017 was fruitful and interesting. The work we did gave our team the force to reach new achievements and the aspiration for even better work in 2018. The goal of LiteFinance consists in the constant improvement of services and maintaining the highest efficiency for trading in financial markets.