LiteForex Europe vs Finspreads

LiteForex Europe vs Finspreads Comparison Table 2024
LiteForex Europe	Finspreads
Review 3.7	Finspreads has closed.

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.	Open an account with the UK-regulated Finspreads to start spread betting.
Comment by Reviewer
"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
Pros
LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC Fast ECN execution model with low spreads from 0.0 pips A proprietary copy trading system is available which allows you to copy other trading patterns Low $50 minimum deposit makes LiteForex accessible for beginners There's a comprehensive analytics portal by Claws&Horns, which offers video reviews, expert insights and short-term trading signals LiteForex offers a range of proprietary mobile app tools which are ideal for traders who want to analyze the markets on the go The broker offers a VPS server for experience day traders looking to run their auto strategies continuously LiteForex offers a client-oriented approach, with personal manager assigned to each trader and 24/5 multilingual customer support
Cons
Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account Cryptocurrency trading is not offered There are limited funding methods compared to other brands There is no swap-free trading account for Muslim day traders The range of day trading markets is limited compared to alternatives, with no share CFDs offered
Instruments
CFDs, Forex, Indices, Commodities	Spread betting, forex, stocks, indices, commodities
Demo Account
Yes	Yes
Minimum Deposit
$50	£50
Trading Platforms
MT4 MT5	Own
Payment Methods
Credit Card Mastercard Neteller Perfect Money QIWI Skrill Visa Western Union	Maestro Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	£0.10
Regulator
CySEC	FCA
Margin Trading
Yes	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	Yes
App Review
LiteForex’s app stands out for its simplicity, ideal for newcomers, despite the slower chart loading times we’ve observed. Its extensive range of technical analysis tools and user-friendly copy trading feature, allowing easy selection of signal providers and investment amounts with just a couple of clicks, more than compensates for any minor drawbacks, making it a comprehensive solution for aspiring traders.
Android App Rating
4.1
iOS App Rating
3.4
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
The LiteForex copy trading system is available to all clients and allows users to replicate positions and strategies in their own accounts. Simply choose a trader using the broker's rating system, make a deposit and decide on an investment term.
Social Trading
Yes	No
Trade Signals
Yes	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10
Islamic Account
No	No
Account Currencies
USD EUR GBP CHF
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Gold Silver	Gold Silver
CFD Trading
LiteForex offers leveraged CFDs on popular asset classes, including currencies, commodities and indices. Traders can choose between the ECN and Classic account depending on their strategy alongside an accessible starting deposit and leading trading software from MetaTrader.	CFD trading not offered
Leverage
1:30
FTSE Spread
0.7
GBPUSD Spread
0.3
Oil Spread
2.2
Stocks Spread
N/A
Forex Trading
LiteForex Europe is a great option for forex traders with dozens of currencies, low spreads from 0 and a VPS for automated trading strategies. We also rate the daily market insights and forex tutorials for beginners.	Invest in online currencies, including the US Dollar and Euro.
Forex App
Liteforex deliver a sophisticated mobile offering, with full functionality across the major mobile operating systems. All applications and their contents are supported in more than 8 languages and are constantly updated.
GBPUSD Spread
0.3	08
EURUSD Spread
0.1	0.5
EURGBP Spread
0.7	0.8
Assets
50+	10+

Review	Finspreads has closed.
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