United States of America
A Rebate Service Working since 2009
LiteFinance Global LLC
Up to $2.40 per lot
Partner ID: 810432252
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

April 22, 2020 in 11:35
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Fees for oil contracts for swap-free accounts

Dear clients,

Please be aware that due to a difficult situation in the oil market the company has to apply a daily fee for holding swap-free accounts with open oil trades. This is due to a significant increase in negative swap for short and long positions on the side of our liquidity provider. As a consequence, it is unsustainable for the company to continue servicing swap-free accounts with open positions involving oil without a commission applied. 

The fees for oil contracts for UKBrent and USCrude blends is set as follows:

Long position (buy): -25$ per lot;
Short position (sell): +13$ per lot.

Fees for servicing might be adjusted according to the changes made by our liquidity providers. All relevant data can be found on the oil contracts specifications page in note 3 below the table.

According to the client agreement (paragraph 6.11.1):
Islamic accounts are provided solely with the purpose of avoiding a breach of religious canons. The Company has the right to start charging a fee for servicing Islamic Accounts at any time.
Please pay special attention to these changes and consider them in your oil trading.

Best regards,
LiteForex team