LiteForex Investments vs RoboForex

LiteFinance vs RoboForex Comparison Table 2024
LiteFinance RoboForex
4
4.5

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.

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Customer Reviews
3.5
Bonus Offer
Rebate on payment fees $30 No Deposit Bonus
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." "RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."
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
  • RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
  • The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.
  • The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
  • RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.
  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
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
  • Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
  • While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
  • RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
  • RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.
  • Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
Awards
  • Best Multi Asset Trading Platform 2023 - Global Brands Magazine Awards
  • Best Trading Conditions 2023 - International Business Magazine Awards
  • Best Mobile Trading App 2022 - GF Awards B2B
  • Most Trusted Broker 2022 - International Business Magazine Awards
  • Best Investment Products 2021 - Global Brands Magazine Awards
  • Best Global Mobile Trading App 2020 - Global Forex Awards B2B
  • Best Broker of the CIS 2019 - IAFT Awards
  • Best Investment Products 2019 - Global Brands Magazine
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
Demo Account
Yes Yes
Minimum Deposit
$50 $10
Trading Platforms
  • MT4
  • MT5
  • R StocksTrader
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC IFSC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android, R StocksTrader
App Review

RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many day traders.

Android App Rating
4.4
iOS App Rating
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader
Copy Trading
Yes Yes
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. RoboForex’s CopyFX service is designed specifically for currency traders with flexible control over your funds. The ‘Rating’ view provides helpful metrics on master traders, notably profit/loss, maximum drawdown, balance and number of trades spanning time intervals from 1 week to 6 months. That said, the joining process and resources are convoluted, which may confuse newer investors, while the interface trails the smooth user experience provided by category leaders like eToro.
Social Trading
Yes Yes
Trade Signals
Yes Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
Stock Exchanges
Commodities
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. RoboForex offers a growing suite of over 12,000 CFDs, encompassing forex, stocks, indices, commodities, futures and ETFs. With an initial deposit of $10 and micro lot trading through to very high leverage up to 1:2000, RoboForex caters to a broad range of derivative traders. On the downside, analysis reveals execution speeds of 1-3 seconds, noticeably slower than IC Markets at 0.35 seconds, and suboptimal for fast-paced strategies like scalping.
Leverage
1:500 (Crypto 1:50) 1:2000
FTSE Spread
0.8
GBPUSD Spread
0.8 0.4
Oil Spread
5.5 1.7
Stocks Spread
Variable 0.01
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. RoboForex offers trading on 30+ currency pairs, trailing category leaders like Pepperstone with its 90+ forex assets. That said, the Prime and ECN accounts feature competitive average spreads of 0.1 pips on the EUR/USD. Additionally, with a minimum investment of $100, traders can utilize the CopyFX system to replicate the strategies of seasoned currency traders.
GBPUSD Spread
0.8 0.4
EURUSD Spread
0.2 0.1
EURGBP Spread
0.5 0.4
Assets
55 30+
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. Crypto trading not offered
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
  • No
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
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