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LiteForex vs ITB
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, LiteForex currently holds a lower overall rating (3.4) compared to ITB (4.1).
LiteForex has a higher minimum deposit than ITB, at 50.0.
Both platforms offer their clients demo accounts, mobile trading.
Traders should note that
both companies offer the same maximum lot size (100.0), but LiteForex has a minimum lot size of 0.01, while ITB offers 0.001.
LiteForex offers a lower maximum leverage of 1:30, whereas ITB allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 50.0 | 10.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.001 |
| Maximum lot size | 100.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | ECN | NDD |
| Maximal leverage (1:?) | 30 | 500 |
| Availability | ECN | NDD |
| Regulation | CySEC (Cyprus) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 5 (MT5), Web Platform |
| Funding/Withdrawal methods | Wire Transfer, Debit Card, Neteller, Skrill | Wire Transfer, Local Deposits, Crypto, Visa, Mastercard |
| Account Currency | USD, EUR | USD |
| Languages | English, Spanish, French, German, Portuguese, Italian | English, Arabic, Turkish, Persian |
| Country | Cyprus | Saint Lucia |
| Trading platform(s) timezone | Cyprus | United Arab Emirates |
| Other trading instruments | Stocks, Precious Metals | Stocks, Futures, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
