OctaFX vs LiteForex Europe

OctaFX vs LiteForex Europe Comparison Table 2024
OctaFX	LiteForex Europe
Review 4.1	Review 3.7

OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.	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.
Bonus Offer
Up to 50% deposit bonus
Comment by Reviewer
"OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit."	"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
Demo account with access to unlimited virtual funds Bonuses and contests available (non-EU) Negative balance protection (Within EU) Comprehensive educational content High Leverage 1:500 (non-EU) Excellent copy trading service No deposit and withdrawal fees Offers Islamic accounts Low minimum deposit Highly rated broker MT4 and MT5 integration Commission-free trading Mobile app compatibility	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
No stock trading Few payment methods Zero pip spreads unavailable The global entity is regulated offshore	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
Awards
Most Secure Broker Indonesia 2022- International Business Magazine Best Global Broker Asia 2022- International Business Magazine Best Forex Broker Pakistan 2022- Global Brands Best Forex Broker India 2022- World Finance Best Mobile Trading Platform 2022- FXDailyInfo Best In Class For Social Copy Trading 2022- Forexbrokers.com Best Trading Conditions Asia 2021- World Business Outlook
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	CFDs, Forex, Indices, Commodities
Demo Account
Yes	Yes
Minimum Deposit
$100	$50
Trading Platforms
MT4 MT5 AutoChartist	MT4 MT5
Payment Methods
Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Credit Card Mastercard Neteller Perfect Money QIWI Skrill Visa Western Union
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVGFSA, CySEC	CySEC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	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
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	iOS & Android
App Review
OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.	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
4.3	4.1
iOS App Rating
4.5	3.4
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.	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	Yes
Trade Signals
Yes (EAs)	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	$10
Islamic Account
Yes	No
Account Currencies
USD EUR	USD EUR GBP CHF
Stock Exchanges
Dow Jones FTSE UK Index Nasdaq	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
Gasoline Gold Natural Gas Oil Silver	Gold Silver
CFD Trading
OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated 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.
Leverage
1:30 (EU), 1:500 (Global)	1:30
FTSE Spread
1.8	0.7
GBPUSD Spread
1.1	0.3
Oil Spread
0.7	2.2
Stocks Spread
Variable	N/A
Forex Trading
OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis.	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.
Forex App
OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.	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
1.1	0.3
EURUSD Spread
0.7	0.1
EURGBP Spread
2.1	0.7
Assets
35	50+
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends.	Crypto trading not offered
Spread
Variable
Coins
BTC LTC ETH ZEC SOL ADA DOT ATOM LINK AVAX BTB MANA MATIC NEAR IOTA DOGE DASH ALGO AAVE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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