LiteFinance vs Saxo Bank | Which is best 2024 (2024)

Review

Saxo Bank is #75 in our CFD broker rankings.

Traders from Israel not accepted

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Traders from Israel accepted

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.

Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.

66% of retail accounts lose money. Customer Reviews

Based on 1 Saxo Bank customer reviews

Bonus Offer 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." "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex 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

Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
Excellent educational resources including podcasts, webinars and expert-led video insights
Access to comprehensive third-party analysis tools including TradingView and Updata
The ISA account is highly accessible and flexible with no entry or exit fees
Heavily regulated and trustworthy brand based in Switzerland
Low fees with premium account tiers

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

High funding requirements for the trading accounts
Access to Level 2 pricing requires a subscription
Clients from some jurisdictions not accepted including the US and Belgium

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Demo Account Yes Yes Minimum Deposit $50 $5000 Trading Platforms

TradingView

Payment Methods

Alipay
Bitcoin Payments
Ethereum Payments
M-Pesa
Mastercard
Perfect Money
Swift
Visa
WebMoney

Credit Card
Mastercard
Visa
Wire Transfer

Minimum Trade 0.01 Lots Vary by asset Regulator CySEC DFSA, MAS, FCA, SFC Margin Trading Yes No STP Account No No ECN Account Yes Yes DMA Account Yes No 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 Yes Mobile Apps iOS & Android SaxoTraderGo (iOS, Android, Windows) Auto Trading Expert Advisors (EAs) on MetaTrader Copy Trading Yes No 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 Yes No Trade Signals Yes 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 Islamic Account Yes Yes Account Currencies

Stock Exchanges

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

London Stock Exchange
New York Stock Exchange
Shenzhen Stock Exchange
Toronto Stock Exchange

Commodities

Gold
Oil
Silver

Copper
Corn
Gold
Natural Gas
Oil
Silver

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. Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. Leverage 1:500 (Crypto 1:50) 1:30 FTSE Spread 0.8 1.2 pts (Variable) GBPUSD Spread 0.8 0.7 (var) Oil Spread 5.5 0.03 Stocks Spread Variable 0.10% (subject to min commission) 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. Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. GBPUSD Spread 0.8 0.7 (varies by region) EURUSD Spread 0.2 0.2 (varies by region) EURGBP Spread 0.5 0.6 (varies by region) Assets 55 40+ 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. Trade cryptos against major fiat currencies or take a longer-term view with ETNs. Spread From 0.1 Variable Coins

Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

Review

66% of retail accounts lose money. More Comparisons LiteFinance
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