LiteForex vs. OctaFX

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
OctaFX

  • Pros
  • Trade on MetaTrader 4, MetaTrader 5 or cTrader.
  • No fees on deposits or withdrawals.
  • Negative balance protection.
  • Copy trading platform.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No CFDs on commodities, stocks or ETFs.
  • Account base currencies: USD, EUR.
  • Awards
  • Best CFD Broker Asia Pacific, 2020 - CFI.co
  • Best ECN Broker, 2020 - World Finance
  • Best Forex Broker Asia 2020 - World Finance

Trading platforms

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

Account funding

Deposits and withdrawalsLiteForex ▷OctaFX ▷
Bank transfer
Credit card
Debit card
AlipayNA
Bitcoin
Bitcoin CashNA
Bitcoin GoldNA
bitwalletNA
CashUNA
China UnionPayNA
EthereumNA
LitecoinNA
MoneroNA
MoneyGramNA
MTS.ruNA
NETELLER
OKPAYNA
PayeerNA
Perfect MoneyNA
QIWI WalletNA
Skrill
WebMoneyNA
Western UnionNA
Yandex.MoneyNA
Account base currenciesLiteForex ▷OctaFX ▷
CHF - Swiss FrancNA
EUR - Euro
GBP - British PoundNA
PLN - Polish ZłotyNA
RUB - Russian RoubleNA
USD - U.S. Dollar

Regulators

Company informationLiteForex ▷OctaFX ▷
Company nameLiteForex Investments LimitedNA
Head officeMarshall IslandsSt. Vincent and the Grenadines
Incorporation date2005NA
RegulatorsLiteForex ▷OctaFX ▷
CySECCySec No 093/08No. 372/18
Saint Vincent and the GrenadinesNAIBC No. 19776

LiteForex

83% of retail CFD accounts lose money