LiteForex vs. FXOpen

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

LiteForex

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
FXOpen

  • 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 classesLiteForex ▷FXOpen ▷
Forex (CFD)
Cryptos (CFD)NA
Stocks (CFD)NA
Indices (CFD)
Metals (CFD)
Energy (CFD)
Asset classes (#)LiteForex ▷FXOpen ▷
Forex (CFD)5651
Cryptos (CFD)NA43
Stocks (CFD)NA100
Indices (CFD)1110
Metals (CFD)42
Energy (CFD)23

Trading platforms

Trading platformsLiteForex ▷FXOpen ▷
MetaTrader 4
MetaTrader 5
cTraderNA
CurrenexNA
Copy trading
Mirror trading
Other platformsNATickTrader
Operating systemsLiteForex ▷FXOpen ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsLiteForex ▷FXOpen ▷
Bank transfer
Credit card
Debit card
AlipayNA
Bitcoin
Bitcoin CashNA
Bitcoin GoldNA
bitwalletNA
CashUNA
China UnionPayNA
DixiPayNA
EthereumNA
FasaPayNA
LitecoinNA
MoneroNA
MoneyGramNA
MTS.ruNA
NETELLERNA
OKPAYNA
PayeerNA
Perfect Money
QIWI Wallet
Skrill
SorexPayNA
WebMoney
Western UnionNA
Yandex.Money
Account base currenciesLiteForex ▷FXOpen ▷
AUD - Australian DollarNA
CHF - Swiss Franc
EUR - Euro
GBP - British Pound
JPY - Japanese YenNA
PLN - Polish ZłotyNA
RUB - Russian Rouble
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationLiteForex ▷FXOpen ▷
Company nameLiteForex Investments LimitedFXOpen NZ Limited
Head officeMarshall IslandsAuckland, New Zealand
Incorporation date20052005
RegulatorsLiteForex ▷FXOpen ▷
AustraliaNAAFSL No. 412871
CySECCySec No 093/08NA
NevisNANevis No. C 42235
UKNAFCA No. 579202

LiteForex

83% of retail CFD accounts lose money