LiteFinance vs Interactive Brokers

LiteFinance vs Interactive Brokers Comparison Table 2023
LiteFinance	Interactive Brokers
Review 4	Review 4.3 Interactive Brokers is #1 in our CFD broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a Classic commission-free account as well as an ECN account with spreads starting from zero and a commission per lot.	Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Bonus Offer
Rebate on payment fees
Comment by Reviewer
"LiteFinance will suit traders seeking high leverage on forex, stocks, commodities, indices and cryptocurrencies. The social trading system will also suit newer investors looking to learn from seasoned traders."	"Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten."
Pros
Great trading platform support with MT4, MT5 and a proprietary app Decent suite of extra tools and features including a VPS Fast and reliable customer support based on testing High leverage available up to 1:500 Low starting deposit of $50 Automated trading via APIs Good range of forex pairs Social trading service	Gives day traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 Proprietary Trader Workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads
Cons
Not overseen by any top-tier regulator Some complaints online about difficulties withdrawing funds Wide spreads on the Classic account Does not accept US traders	Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes	Yes
Minimum Deposit
$50	$0
Trading Platforms
MT4 MT5	AlgoTrader OmniTrader eSignal TradingCentral
Payment Methods
Alipay Bitcoin Payments Boleto Ethereum Payments M-Pesa Mastercard Perfect Money QIWI Swift Visa WebMoney Western Union	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
0.01 Lots	$100
Regulator
CySEC	SEC, FCA, IIROC, SFC
Margin Trading
Yes	Yes
Margin Rate
	1.55 - 2.59%
STP Account
No	Yes
ECN Account
Yes	No
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS, Android & Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader	Capitalise.ai & TWS API
Copy Trading
Yes	No
Copy Trading Platform
LiteFinance offers a forex copy trading solution with hundreds of master traders. Simply decide how long you want to invest for and the amount, for example, $500 for three months.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD EUR	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Gold Oil Silver	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
CFDs are available on a breadth of assets including stocks, ETFs, indices, commodities and cryptocurrencies with both zero-commission and low-commission, tight spread accounts available. LiteFinance also offers high leverage of up to 1:500, providing significant trading opportunities.	Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
1:500 (Crypto 1:50)	1:50
FTSE Spread
0.8	0.005% (£1 Min)
GBPUSD Spread
0.8	Commission (.20 pts x trade value)
Oil Spread
5.5	N/A
Stocks Spread
Variable	From 0.003 per share, variable
Forex Trading
With 55 forex pairs and cross pairs available, including a good selection of minors and exotics, LiteFinance is a good option for forex traders. Although it falls short of some competitors who offer 70 or 80+ forex assets, it offers excellent trading platforms and tools including a VPS.	Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
GBPUSD Spread
0.8	Commission (.20 pts x trade value)
EURUSD Spread
0.2	Commission (.20 pts x trade value)
EURGBP Spread
0.5	Commission (.20 pts x trade value)
Assets
55	70+
Cryptocurrency
LiteFinance offers 62 cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade.	Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
Spread
From 0.1	Variable
Coins
AAV ADA ALG ALI ATO AVX AXS BCH BNB BTC BTG COM DGE DOT DSH ENJ EOS ETH FIL ICP ILV ITA KAV LNK LTC LUN MKR MNA MTC NEA NEO OMG QTM SIA SND SOL STX THT TRX UNI VET XLM XMR XRP XTZ YFI YGG ZEC ZIL	BTC LTC ETH XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
LiteFinance vs	Interactive Brokers vs