Lite Finance vs LQDFX | Compare Features, Safety & More for 2024

Published :
Updated :
Written by

Lite Finance vs LQDFX: In a Nutshell

Lite Finance

LiteFinance (formarly known as LiteForex)  is an online  forex and CFD broker founded in 2005. It provides online trading services for individuals interested in participating in the foreign exchange market and other financial markets. LiteForex offers various trading accounts, platforms, and educational resources for traders. You can trade using MT4,MT5, and mobile trading apps on LIteFiance. This broker offer 250+ trading instruments for retail traders. 

LiteFinance  Overview
  • Founded In: 2005
  • Minimum Deposit: $10
  • Maximum Leverage: 1:1000
  • Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
  • Trading platform: MT4/5, LF, cTrader
  • Account Types: ECN, Classic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple (XRP), WebMoney
  • US Traders: Not Accept

LQDFX

Established in 2015, LQDFX boasts of low spreads, fast order executions, and security through client funds segregation, zero balance implementation, etc. Newbies are encouraged with multiple trading resources, demo account contests, and even micro accounts. Investors can choose the MAM/PAMM accounts and pros can open VIP accounts.

LQDFX Overview
  • Founded In: 2015
  • Minimum Deposit: $20
  • Maximum Leverage: 1:300
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: VIP Account, ECN , Gold, Micro, Islamic
  • Payment Options: (5+) VISA MASTER
  • US Traders: Accepted 

           

Lite Finance vs LQDFX: Side By Side Comparison

Lite Finance
LQDFX
Product
Founded In
Founded In
2005
2015
Founded By
Founded By
Mahmud Naimov
Not Found
Headquarters
Headquarters
Port Louis, Mauritius
Gros-Isle, Saint Lucia
Regulations
Regulations
CySEC, FSC
None
Min Deposit
Min Deposit
$10
$20
Max Leverage
Max Leverage
1:1000
1:300
Tradable Assets
Tradable Assets
Currency , Metals , Oils , Commodities
FX, Indices, Commodities, Metals, Cryptos
Fees
Fees
Spread from 0.5 pips
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4/5, LF, cTrader
MT4
US Traders
US Traders
Not Allowed
Allowed

Lite Finance vs LQDFX: Pros and Cons

Lite Finance Pros & Cons

Pros
  • LiteFinance ( formerly LiteForex) is regulated by CySEC
  • The Maximum leverage is as high as 1:1000
  • Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders
  • Variety of account types, including Classic and Islamic accounts.
  • Scalping, News trading, and EA/Robot Trading are allowed 
  • Offers web trading, mobile trading and ECN trading
  • Multiple payment methods, plus local transfers
Cons
  •  Not regulated by tire regulators like FCA, ASIC 
  •  No passive investment program ( MAM, PAMM Accounts) 
  •  US, UK, or Japan Traders are not accepted 
  •  A small selection of trading instruments;
  • Sometimes it takes time to receive a response from technical support;
  • 3% withdrawal fees if you do not have any trading activities

  

LQDFX Pros & Cons

Pros
  • ECN broker with spreads from 0.0 pips and full STP execution.
  • The minimum deposit required to start live trading is $20.
  • Zero-balance protection and segregated funds.
  • A 100% deposit bonus is given to traders who deposit from $250 to $20,000.
  • Variety of Account Types including Swap Free Islamic Account 
  • Training resources in the form of video lessons, eBooks, etc.
  • More than 30 video lessons are provided to train beginner traders.
  • Accept multiple deposit methods such as debit/credit cards, cryptos, bank transfers, and PayRedeem eCards.
  • An Economic Calendar, trading calculators, and chart analysis are some of the trading tools provided by the broker.
Cons
  • No regulation from any regulatory authority.
  • MT4 is the only platform available for traders.
  • VIP accounts have a very high opening deposit.
  • No daily market news and analysis. 
  • No MAM Managed Account 
  • Withdrawal fees for Visa and MasterCard

LiteFinance Vs LQDFX: Our Scores and Ratings

We rated both brokers, LiteFinance and LQDFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

LiteFinance:

8.2
LiteFinance Score
Regulation and Security (40%)7
Fees and Commissions (20%)9.3
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)8

LQDFX

4.2
LQDFX Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)7
Trading (15%)6
Trading tools (10%)2
Customer Support (10%)8
Trading Education (5%)6

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment