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LiteForex vs AvaTrade
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 AvaTrade (4.2).
LiteForex has a lower minimum deposit, 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 AvaTrade offers 1.0E-4 and 0.0.
LiteForex offers a lower maximum leverage of 1:30, whereas AvaTrade 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 | 100.0 |
| 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 | 1.0E-4 |
| Maximum lot size | 100.0 | 0.0 |
| Spread | Variable | Fixed, Variable |
| Broker type | ECN | STP, ECN, Market Maker |
| Maximal leverage (1:?) | 30 | 400 |
| Availability | ECN | STP, ECN, Market Maker |
| Regulation | CySEC (Cyprus) | CySEC (Cyprus), ASIC (Australia), CBI (Ireland), KNF (Poland), FSCA (South Africa), FSA (Japan), BVI FSC |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, MT4 MultiTerminal |
| Funding/Withdrawal methods | Wire Transfer, Debit Card, Neteller, Skrill | Wire Transfer, Credit Card, Debit Card, Paypal, Perfect Money, Neteller, UnionPay, Skrill, Internal transfer, Sofort Banking, Klarna, Boleto, Giropay, POLi, Pix |
| Account Currency | USD, EUR | USD, GBP, EUR, CHF, JPY, CAD, ZAR, AUD |
| Languages | English, Spanish, French, German, Portuguese, Italian | English, Spanish, French, German, Portuguese, Japanese, Italian, Russian, Hebrew, Chinese, Polish, Malay, Thai, Arabic, Korean, Hungarian, Dutch, Swedish, Turkish |
| Country | Cyprus | Ireland |
| Trading platform(s) timezone | Cyprus | United Arab Emirates, Australia, China, Ireland, Japan, Mongolia, Mexico, Poland, South Africa, Spain |
| Other trading instruments | Stocks, Precious Metals | Stocks, Options, Futures, Indices, Commodities, Energies, Shares, Spread Betting, CFDs, Cryptocurrency, Precious Metals, Bonds, Exchange ETFs, ETFs, Forex, Treasuries, Bonds, Cryptos* |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
