In the quest for the best Forex Broker to operate from Qatar, LiteFinance emerges as an outstanding choice in the universe of brokers. Although previously known as LiteForex, its name change hasn’t diminished its prominence; rather, it has bolstered its financial focus and market presence.
TOP 1: BEST BROKER IN QATAR
This Broker has preserved its most distinctive features, offering a secure and fully regulated platform that caters to both junior and senior traders.
LiteFinance is an ECN Broker
Since its establishment in 2005, LiteFinance has achieved a prominent position in the financial market. Currently, it positions itself as an ECN Broker dedicated to providing innovative solutions to its clients.
This Broker is 100% regulated
LiteFinance Global LLC is registered in Saint Vincent and the Grenadines under registration number 931 LLC 2021. Furthermore, it is regulated by the Cyprus Investment Firm (CIF) under registration number HE230122 in Europe and supervised by the Cyprus Securities and Exchange Commission with license 093/08.
LiteFinance offers two types of accounts for investment
Regarding its accounts, LiteFinance offers two types: ECN and Classic, each with unique features:
The ECN account offers a floating spread from 0.0 pips, with commissions starting at $0.25 per lot. Traders can choose their base currency between dollars and euros, with a minimum deposit of $50. This account provides an annual interest of 2.5% on the balance, a maximum volume of 100 lots per trade, and the possibility of up to 500 open orders simultaneously.
Meanwhile, the Classic account presents a floating spread from 1.8 pips, with no commissions per lot. It also allows the choice of the base currency between dollars and euros with a minimum deposit of $50. Unlike the ECN account, this one does not generate annual interest on the balance, has a maximum volume of 100 lots per trade, and supports up to 300 open orders simultaneously. For detailed information on the accounts and characteristics of this Broker, visit the entry ‘LiteFinance Review‘.
Customers have very positive opinions about the Broker
Users have consistently praised LiteFinance’s support team for their responsiveness and efficiency. Their ability to resolve issues has instilled confidence and security among investors, positioning it as a reliable option in the market.