Opofinance vs LiteFinance

Opofinance vs LiteFinance Comparison Table 2023
Opofinance Review 2023 LiteFinance Review 2023
1.8
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Opofinance is an offshore forex and CFD broker, offering copy trading services and the MT4 platform.

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
None Rebate on payment fees
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."
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
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
Instruments
Forex, commodities, cryptocurrencies, stocks, indices Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100 $50
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FINACOM CySEC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
Yes 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
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Opofinance offers copy and social trading through Fiboda. 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
Yes Yes
Trade Signals
MT4 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
Commodities
CFD Trading
Opofinance offers leveraged CFDs on stocks, indices and commodities. 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
1:1000 1:500 (Crypto 1:50)
FTSE Spread
Variable 0.8
GBPUSD Spread
Variable 0.8
Oil Spread
Variable 5.5
Stocks Spread
Variable Variable
Forex Trading
Opofinance offers 35+ spot currency pairs, covering all majors and top minors. 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
Variable 0.8
EURUSD Spread
Variable 0.2
EURGBP Spread
Variable 0.5
Assets
35+ 55
Cryptocurrency
Opofinance offers trading on crypto/spot currency pairs, including BTC/USD. 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
Variable From 0.1
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • 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
More Comparisons
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