LiteForex vs. PrimeXBT

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
PrimeXBT

  • Pros
  • Start trading in under 40 seconds.
  • No identity checks or KYC prior to trading.
  • Small initial deposit of 0.001 BTC (approximately US$ 10).
  • Trade CFDs on cryptocurrencies, Forex, indices, energies and metals.
  • Leverage up to 1:000.
  • Cons
  • No CFDs on shares, ETFs, energies or commodities.
  • No support for MetaTrader 4, 5 or cTrader.
  • PrimeXBT only accepts Bitcoin for deposits; however, you may buy BTC by credit card.
  • PrimeXBT is not regulated or licensed.
  • Awards
  • Best Platform for Margin Trading, 2020 - ADVFN
  • Best Crypto and Forex Broker, 2019 - Forex Awards
  • Best Crypto Trading App, 2019 - Forex Awards

Trading platforms

Trading platformsLiteForex ▷PrimeXBT ▷
MetaTrader 4
MetaTrader 5
cTraderNA
CurrenexNA
Copy trading
Mirror trading
Other platformsNAPrimeXBT Platform
Operating systemsLiteForex ▷PrimeXBT ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsLiteForex ▷PrimeXBT ▷
Bank transferNA
Credit card
Debit card
AlipayNA
Bitcoin
Bitcoin CashNA
Bitcoin GoldNA
bitwalletNA
CashUNA
China UnionPayNA
EthereumNA
LitecoinNA
MoneroNA
MoneyGramNA
MTS.ruNA
NETELLERNA
OKPAYNA
PayeerNA
Perfect MoneyNA
QIWI WalletNA
SkrillNA
WebMoneyNA
Western UnionNA
Yandex.MoneyNA
Account base currenciesLiteForex ▷PrimeXBT ▷
BTC - BitcoinNA
CHF - Swiss FrancNA
EUR - EuroNA
GBP - British PoundNA
PLN - Polish ZłotyNA
RUB - Russian RoubleNA
USD - U.S. DollarNA

Regulators

Company informationLiteForex ▷PrimeXBT ▷
Company nameLiteForex Investments LimitedPrimeXBT Trading Services LLC
Head officeMarshall IslandsSt. Vincent and the Grenadines
Incorporation date20052018
RegulatorsLiteForex ▷PrimeXBT ▷
CySECCySec No 093/08NA

LiteForex

83% of retail CFD accounts lose money