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LiteFinance Global LLC

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LiteFinance Global LLC is incorporated in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021. Registered address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines. LiteFinance Global LLC is a high-tech reliable ECN broker with a strong reputation. Our clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis. The fans of the most popular trading platform MetaTrader 4/5 can use it as well.

News LiteFinance Global LLC

May 12, 2023 in 07:00

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TRY currency pairs are switched to a close-only mode

Dear clients,

In connection with the upcoming presidential election in Turkey, scheduled on May 14, 2023, an unstable situation is expected in trading the currency pairs with the Turkish lira. For the USDTRY, EURTRY, and GBPTRY currency pairs, there is a high probability of both an increase in volatility and a decrease in liquidity, which could occur on the eve of the election and after it. There is a high risk of sharp changes in the market situation, widening of spreads, and the appearance of gaps.

Considering this information, we notify you that we, together with liquidity providers, have taken a forced decision to switch all TRY currency pairs to the close-only trading mode to protect our clients' investment portfolios.

Pending orders to open trading positions on the above-mentioned Forex pairs will not be executed during the close-only mode.

We ask you to approach these changes with understanding.

The close-only trading mode is temporary and will remain in effect until further notice.

If you have any questions, our multilingual support team is willing to help you via live chat.

Best regards,

LiteFinance