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LiteForex vs Oanda
Both of these regulated 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 Oanda (3.8).
LiteForex has a higher minimum deposit than Oanda, at 50.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
LiteForex offers a minimum lot size of 0.01 and a maximum lot size of 100.0, while Oanda offers 0.1 and 600.0.
LiteForex offers a lower maximum leverage of 1:30, whereas Oanda allows trading with up to 1:50.
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 | 0.0 |
| Commission | 0.0 | 50.0 |
| 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 | 0.1 |
| Maximum lot size | 100.0 | 600.0 |
| Spread | Variable | Variable |
| Broker type | ECN | Market Maker |
| Maximal leverage (1:?) | 30 | 50 |
| Availability | ECN | Market Maker |
| Regulation | CySEC (Cyprus) | NFA (US) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Debit Card, Neteller, Skrill | Wire Transfer, ACH deposit |
| Account Currency | USD, EUR | USD, GBP, EUR, CHF, JPY, CAD, SGD, HKD, AUD |
| Languages | English, Spanish, French, German, Portuguese, Italian | English, Spanish, Chinese |
| Country | Cyprus | United States |
| Trading platform(s) timezone | Cyprus | Canada, Japan, Singapore, United Kingdom |
| Other trading instruments | Stocks, Precious Metals | Cryptocurrency, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
