LiteForex vs. FXOpen
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
83% of retail CFD accounts lose money
Pros- Receive 2.5% interest on surplus funds in your account.
- Trade on Metatrader 4 on Metatrader 5.
- All trading strategies are allowed (ECN account).
- Free technical and fundamental analysis (Claws&Horns).
- Social trading platform.
Cons- You cannot buy shares or cryptocurrency (only CFDs).
- No CFDs on stocks, cryptocurrency, commodities or ETFs.
Awards- Best Forex Broker Africa, 2011
- Best Client Service, 2011
- Best Retail Forex Provider, 2010
- Pros
- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
- Cons
- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
- Awards
- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
Markets
| Asset classes | LiteForex ▷ | FXOpen ▷ |
| Forex (CFD) |  | |
|---|---|---|
| Cryptos (CFD) | NA | |
| Stocks (CFD) | NA | |
| Indices (CFD) | | |
| Metals (CFD) | | |
| Energy (CFD) | | |
| Asset classes (#) | LiteForex ▷ | FXOpen ▷ |
| Forex (CFD) | 56 | 51 |
| Cryptos (CFD) | NA | 43 |
| Stocks (CFD) | NA | 100 |
| Indices (CFD) | 11 | 10 |
| Metals (CFD) | 4 | 2 |
| Energy (CFD) | 2 | 3 |
Trading platforms
| Trading platforms | LiteForex ▷ | FXOpen ▷ |
| MetaTrader 4 | | |
|---|---|---|
| MetaTrader 5 | | |
| cTrader | NA |  |
| Currenex | NA | |
| Copy trading | | |
| Mirror trading | | |
| Other platforms | NA | TickTrader |
| Operating systems | LiteForex ▷ | FXOpen ▷ |
| Web trader | | |
| Android | | |
| iOS | | |
Account funding
| Deposits and withdrawals | LiteForex ▷ | FXOpen ▷ |
| Bank transfer | | |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Alipay | | NA |
| Bitcoin | | |
| Bitcoin Cash | | NA |
| Bitcoin Gold | | NA |
| bitwallet | | NA |
| CashU | | NA |
| China UnionPay | | NA |
| DixiPay | NA | |
| Ethereum | | NA |
| FasaPay | NA | |
| Litecoin | | NA |
| Monero | | NA |
| MoneyGram | | NA |
| MTS.ru | | NA |
| NETELLER | | NA |
| OKPAY | | NA |
| Payeer | | NA |
| Perfect Money | | |
| QIWI Wallet | | |
| Skrill | | |
| SorexPay | NA | |
| WebMoney | | |
| Western Union | | NA |
| Yandex.Money | | |
| Account base currencies | LiteForex ▷ | FXOpen ▷ |
| AUD - Australian Dollar | NA | |
| CHF - Swiss Franc | | |
| EUR - Euro | | |
| GBP - British Pound | | |
| JPY - Japanese Yen | NA | |
| PLN - Polish Złoty | | NA |
| RUB - Russian Rouble | | |
| SGD - Singapore Dollar | NA | |
| USD - U.S. Dollar | | |
Regulators
| Company information | LiteForex ▷ | FXOpen ▷ |
| Company name | LiteForex Investments Limited | FXOpen NZ Limited |
|---|---|---|
| Head office | Marshall Islands | Auckland, New Zealand |
| Incorporation date | 2005 | 2005 |
| Regulators | LiteForex ▷ | FXOpen ▷ |
| Australia | NA | AFSL No. 412871 |
| CySEC | CySec No 093/08 | NA |
| Nevis | NA | Nevis No. C 42235 |
| UK | NA | FCA No. 579202 |
