Classic Account

CLASSIC

The LiteFinance Classic account is one of our “no-commission” accounts. It’s very popular because you don’t have to pay any extra fees for your trades. Instead, the broker’s cost is simply included in the spread, making it very easy to manage.

Leverage

1:1000

Min Deposit

50$

Activate Your Rebate Program

Sign Up Today and Start Earning Cashback on Your Trades!

Classic Account Details

Spread

Floating from 1.8 pips

Commission

No

Order Execution Type

Market Execution

Social Trading

Available

Min Deposit

50$

Trading Platforms

MT4/MT5/LiteFinance

Islamic Account

Available

Account Base Currency

USD, EUR

Negative Balance Protection

Available

Max Order

300 Minimum Lot Step

0.01 Minimum Trade Volume

0.01 Maximum Trade Volume

100 Margin Call

100%

Stop Out

20%

The LiteFinance Classic account is one of the most established and stable account types offered by the broker, designed on a “zero-commission” framework. Many veteran traders prefer this account due to its transparent cost structure and the elimination of manual fee calculations for each position. In this account, all brokerage costs are integrated into the spread, which simplifies capital management for long-term trading strategies.

What is the LiteFinance Classic Account?

The LiteFinance Classic account is a standard trading account featuring floating spreads, where traders pay zero commission for opening or closing positions, as all costs are integrated into the spread. Due to its high leverage and precise order execution, it is an ideal choice for swing or long-term traders who prefer to avoid the cost fluctuations associated with ECN accounts. In this account, orders are executed using Market Execution technology, meaning positions are opened at real-time market prices without delays (Requotes). Access to both MetaTrader 4 and 5 platforms is available for this account type.

LiteFinance Classic Account Rules

Understanding the technical specifications and trading rules is essential before depositing funds. Failure to adhere to these parameters may lead to early margin calls.

Minimum Deposit: $50.
Leverage: Up to 1:1000 (Adjustable in the client cabinet).
Base Currency: USD, EUR, or specific local currencies.
Call Margin Level: 100% (When losses equal equity).
Stop Out Level: 20% (Positions are closed when free margin drops to 20%).
Overnight Interest (Swap): Applicable (Except for Islamic accounts).
Maximum Order Volume: 100 Lots.
Execution Technology: Market Execution.

Spreads in the Classic Account

Spreads in the LiteFinance Classic account are Floating and start from 1.8 pips. Unlike ECN accounts that offer raw market spreads, the Classic account includes a “mark-up” added by the broker to replace commissions. During periods of high market volatility (such as NFP news releases), these spreads may widen. Traders should note that the total cost of a trade in this account consists solely of this bid-ask difference.

Classic Account Commission

One of the most significant features of the LiteFinance Classic account is the zero commission structure. In this account type:

You pay no separate fee to open a position.
No commission is deducted for closing a position.
Your profit and loss are calculated strictly based on pip movements and the initial spread.

This feature is a major advantage for traders who prefer to avoid complex commission-per-lot formulas in their risk management calculations.

Benefits of the Classic Account

Using the LiteFinance Classic account offers the following advantages for specific groups of traders:

Cost Transparency: Your only cost is the spread, with no hidden fees.
High Leverage: Access to leverage up to 1:1000, significantly increasing purchasing power.
Deposit Bonuses: LiteFinance deposit bonuses (such as 30% bonuses) are typically active on Classic accounts.
Negative Balance Protection: If market gaps cause a negative balance, the broker resets it to zero.
Interest on Free Margin: LiteFinance pays annual interest on unused funds in the Classic account (subject to broker terms).

Opening a LiteFinance Classic Account

To begin trading on this account, follow these steps within your Client Cabinet:

Visit the official LiteFinance website and register using your email or mobile number.
Complete the verification process (submit identity and residency documents).
Select the “METATRADER” menu from the right-hand panel.
Click on “Open Account”.
Select the Classic account type and define your leverage and base currency.
Deposit a minimum of $50 to activate the account.

Trading Strategies for the Classic Account

Given the spread structure (starting from 1.8 pips), not all trading strategies are optimal for this account.

Suitable Strategies:
- Swing Trading: Since positions remain open for several days, the initial spread has a negligible impact on net profit.
- Position Trading: Holding trades for weeks or months.
- Higher Timeframe Price Action: (H4 and Daily charts).
Unsuitable Strategies:
- Scalping: Due to the relatively higher spreads, rapid entries and exits are not cost-effective as the spread may erode potential profits.

Comparing the Classic Account with Other Accounts

Review the following table to understand the distinctions between the LiteFinance Classic and ECN accounts:

Feature	Classic Account	ECN Account
Commission	$0	From $0.25 per lot
Starting Spread	From 1.8 pips	From 0.0 pips
Minimum Deposit	$50	$50
Suitable For	Swing and Long-term Traders	Scalpers and EAs (Trading Bots)
Order Execution	Market Execution	Market Execution

Who is the LiteFinance Classic Account Suitable For?

This account type is specifically designed for certain profiles. It is the best choice if you are:

Medium to Long-term Traders: Those targeting large market movements where a 1-2 pip spread difference is not critical.
Educated Beginners: Individuals who have completed demo trading and wish to enter the live market with low capital ($50) without dealing with commission calculations.
Bonus Users: Those intending to utilize LiteFinance promotional offers and deposit bonuses (which are often unavailable for ECN accounts).

Conclusion

The LiteFinance Classic account is a standard, low-risk, and transparent option for entering financial markets. If your strategy is not scalping and you prefer to pay all trading costs upfront via the spread, this account—with its 1:1000 leverage and rapid execution—will meet your requirements. For professional traders executing high-volume trades with small profit targets (Scalping), the ECN account remains the superior option.

FAQ

Does Classic account has commission?

خیر، حساب کلاسیک لایت فایننس بدون کمیسیون (Commission-Free) است و تمام هزینه‌های کارگزاری تنها از طریق اسپرد شناور دریافت می‌شود.

Are LiteFinance bonuses applicable to the Classic account?

Yes, most LiteFinance deposit bonuses and promotional offers can be activated on Classic accounts and are added to the tradable balance (Credit).

Is the Social Trading (Copy Trade) feature available on the Classic account?

Yes, the LiteFinance Social Trading platform supports the Classic account, allowing you to replicate the trades of professional investors onto this account type.

What is the minimum deposit required to open a LiteFinance Classic account?

The initial deposit required to activate a LiteFinance Classic account is currently 50 USD.

Create Litefinance Account

Join Millions of Traders and Start Trading – Earn Today!

Create Your Free Account in Minutes