LiteForex vs. Skrill

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
Skrill

  • Pros
  • Buy Bitcoin or other crypto-currencies.
  • Easily send money to any email address.
  • Deposit money with hundreds of Forex brokers.
  • Spend or withdraw profits with a prepaid Mastercard.
  • Cons
  • Not suited for day trading because of its currency exchange fees.
  • Prepaid Mastercard is only available in Euros.
  • Monthly inactivity fee after 12 months.
  • Awards
  • Best Digital Wallet, 2019 - Juniper Research

Trading platforms

Trading platformsLiteForex ▷Skrill ▷
MetaTrader 4NA
MetaTrader 5NA
Copy tradingNA
Mirror tradingNA
Operating systemsLiteForex ▷Skrill ▷
Web trader
Android
iOS

Account funding

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

Regulators

Company informationLiteForex ▷Skrill ▷
Company nameLiteForex Investments LimitedSkrill Limited
Head officeMarshall IslandsLondon, UK
Incorporation date20052001
RegulatorsLiteForex ▷Skrill ▷
CySECCySec No 093/08NA
UKNAFCA No. 900001

LiteForex

83% of retail CFD accounts lose money