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LiteForex vs Trader's Way
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 Trader's Way (3.9).
LiteForex has a higher minimum deposit than Trader's Way, 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 Trader's Way offers 1000.0.
LiteForex offers a lower maximum leverage of 1:30, whereas Trader's Way allows trading with up to 1:1000.
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 | 6.0 |
| 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 | 0.01 |
| Maximum lot size | 100.0 | 1000.0 |
| Spread | Variable | Fixed, Variable |
| Broker type | ECN | ECN |
| Maximal leverage (1:?) | 30 | 1000 |
| Availability | ECN | ECN |
| Regulation | CySEC (Cyprus) | No Regulation |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), cTrader, Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Debit Card, Neteller, Skrill | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, WebMoney, cashU, Neteller, UnionPay, Skrill, FasaPay |
| Account Currency | USD, EUR | USD, GBP, EUR, CAD |
| Languages | English, Spanish, French, German, Portuguese, Italian | English |
| Country | Cyprus | Dominica |
| Trading platform(s) timezone | Cyprus | Dominica |
| Other trading instruments | Stocks, Precious Metals | Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
