Moomoo vs LiteFinance
Moomoo Review 2023 | LiteFinance Review 2023 |
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3.8
Moomoo is #10 in our broker rankings. |
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4
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Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong and US stocks, ETFs and other assets. Margin trading is available and the brand accepts low minimum deposits while also decent several bonuses. |
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. |
Bonus Offer | |
Get up to 15 free stocks worth up to $2000 | Rebate on payment fees |
Comment by Reviewer | |
"Moomoo will appeal to stock traders who want to build an investment portfolio through a user-friendly app with low to zero commissions." | "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." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Options, ETFs, ADRs, OTCs | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $50 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$0 | 0.01 Lots |
Regulator | |
SEC, FINRA, MAS | CySEC |
Margin Trading | |
Yes | Yes |
Margin Rate | |
6.8 | |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
No | Yes |
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 | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
Yes (iOS & Android) | iOS & Android |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | |
Copy Trading | |
No | 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. | |
Social Trading | |
No | Yes |
Trade Signals | |
None | Yes |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
CFD trading not offered | 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. |
Leverage | |
1:500 (Crypto 1:50) | |
FTSE Spread | |
0.8 | |
GBPUSD Spread | |
0.8 | |
Oil Spread | |
5.5 | |
Stocks Spread | |
Variable | |
Forex Trading | |
Forex trading not offered | 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. |
GBPUSD Spread | |
0.8 | |
EURUSD Spread | |
0.2 | |
EURGBP Spread | |
0.5 | |
Assets | |
55 | |
Cryptocurrency | |
Crypto trading not offered | 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. |
Spread | |
From 0.1 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
Moomoo vs |
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