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LiteForex vs Olymp Trade
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 Olymp Trade (4.7).
LiteForex has a higher minimum deposit than Olymp Trade, at 50.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but LiteForex has a maximum lot size of 100.0, while Olymp Trade offers 20.0.
LiteForex offers a lower maximum leverage of 1:30, whereas Olymp Trade allows trading with up to 1:400.
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 | 1.1 |
| 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 | 0.01 |
| Maximum lot size | 100.0 | 20.0 |
| Spread | Variable | Variable |
| Broker type | ECN | ECN |
| Maximal leverage (1:?) | 30 | 400 |
| Availability | ECN | ECN |
| Regulation | CySEC (Cyprus) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), Web Platform, Mobile Platform, MT4 (via bridge) |
| Funding/Withdrawal methods | Wire Transfer, Debit Card, Neteller, Skrill | Credit Card, Debit Card, WebMoney, Neteller, Skrill, FasaPay, Bitcoin, Boleto |
| Account Currency | USD, EUR | USD, EUR |
| Languages | English, Spanish, French, German, Portuguese, Italian | English, Spanish, Japanese, Russian, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Malay |
| Country | Cyprus | Seychelles |
| Trading platform(s) timezone | Cyprus | Seychelles |
| Other trading instruments | Stocks, Precious Metals | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
