Moomoo vs LiteFinance

Moomoo vs LiteFinance Comparison Table 2023
Moomoo Review 2023	LiteFinance Review 2023
Review 3.8 Moomoo is #10 in our broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted See available CFD brokers
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
Regulated by US Securities and Exchange Commission (SEC) and the Monetary Authority of Singapore (MAS) Member of FINRA and the Securities Investor Protection Corporation (SIPC) Access to full extended pre-market trading hours Attractive bonuses and financial incentives Superior trading analytics and insights ‘Moomoo Token’ transaction security No minimum deposit requirement Great mobile app for beginners AI alerts	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
Cons
High margin rate fees No phone or live chat support No negative balance protection No 2 factor authentication (2FA) Aimed mainly towards US residents	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
Awards
Best Trading Platform 2022 - Fintech Breakthrough Best Active Trading App 2021 - Investing Simple Best Trading Technology 2021 - Benzinga Best Online Stock Brokers 2021 - Benzinga
Instruments
Stocks, Options, ETFs, ADRs, OTCs	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Trading Platforms
Own	MT4 MT5
Payment Methods
ACH Transfer Automated Customer Account Transfer Service TransferWise Wire Transfer	Alipay Bitcoin Payments Boleto Ethereum Payments M-Pesa Mastercard Perfect Money QIWI Swift Visa WebMoney Western Union
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
USD	USD EUR
Stock Exchanges
Chicago Mercantile Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange	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
Commodities
	Gold Oil Silver
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
	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
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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