Swissquote vs LiteForex: Which One is Better for You?


Swissquote vs LiteForex, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Swissquote vs LiteForex, here is the direct comparison:

Feature
Go to Swissquote

Go to LiteForex

Rating

General Rating 3.46/5
3.31/5
Trustpilot 3.7/5

rated by 150 users
4.6/5

rated by 71 users

General Information

Office(s) Hong Kong, Switzerland, United Arab Emirates and United Kingdom Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand
Regulation DFSA (Dubai), 4
FCA (UK) 562170
FINMA, 4
SFC (Hong Kong), 3
CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)
Established 1996 2005
Minimum Deposit $1000 $50
Maximum Leverage 1:100 1:500
Spread Fixed Variable
Commissions $5
Minimum Position 0.1 lot 0.01 lot
Payment Credit/debit cards and Wire transfer AdvCash, AliPay, Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, Litecoin, Monero, Neteller, Perfect Money, QIWI, Skrill, Wallet One, WebMoney, Wire transfer and Yandex.Money
Official Website Visit Swissquote Visit LiteForex

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, English, French, German, Russian, Spanish Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai
Email Support
Call Support
Chat Support

Reviews

General Review Read Swissquote Review Read LiteForex Review
User Reviews

Jadih Ruth

Sep 7 2020

Live chat support - terrible. The guy there doesn't know much, plus their policy on not helping people over the chat is also terrible. They can't help you with almost anything over the chat. Typical response you get is- send email to support@swissquote.ch and they will be able to help you. Even when you are asking about very basic stuff, like informations about their products. And when you send email, you will wait 3-4 days for response.


Basalamah

Sep 6 2020

They (or their payment vendors) charge high fees, like 2% just for deposit. Only free option is bank wire transfer. You also pay for withdrawals $20 for each withdrawal. So you lost money (and time) with this broker before you even made your first trade. Spreads - Terrible. Double the standard spreads of other popular brokers on all instruments at all times.


Michael

Sep 5 2020

Stay away from this low quality market maker. Account opening - pain in the ass. Too complicated and long process. First you have to either speak with them on cam chat, or send them your documents by mail. Then pain in the ass starts by trying to actually log in to your account. Their chat shuts down when you swith pages on their website, so the support cannot navigate you throughout this process. I spent 1 hour on the phone with their support before I was finaly able to login to my newly opened account. All this takes days.


Charles Martel

Sep 4 2020

When I tried to open an account, I had to do a video identification, which is fine, but at first it would not connect, then they were to busy. When I finally got connected, I was interacting with someone that spoke English like a 2 year old. After which I was email personal questions that I would never answer, I reply that I would not answer these ridiculous questions and that I was declining them.


Jack

Sep 3 2020

Before I had even finished opening my account I had a very rude phone call from a man trying to get me to finish opening my account or something. Was not feeling comfortable so tried to end the conversation instead was told if I could not deposit £1000 pounds right then I may aswell not open the account, or something along those lines his English wasn't great. Amazing the lack of good customer service.


Sahmad01

Sep 2 2020

For UAE Client, they have no live chat service and also no one pick phone call and if someone come on live chat then they do not provide any details or don't help on chat, just share support email details, then why they have live chat service. They have very bad withdrawal policy.


Forexjunkie

Sep 1 2020

Bad experience with unethical agent. They are breaking the agreement but they don't want to take responsibility.


Zayn Abdussalam

Jul 22 2020

Liteforex was not a well-known broker for me, but after looking for some information about them, I decided to register for the demo account. This is pretty good, bro! Recommended for those who are short of capital, especially on their cent account :)


Yoppie

Jul 22 2020

So far, Liteforex's Customer Service is very satisfying although I have complained a lot XD... They explained everything to the clients patiently. Lteforex is the best!


Uthe Wilhelm

Jul 22 2020

It's very good to trade at LiteForex. Unfortunately, their deposit has the commission. If only LiteForex were giving zero commission fees, I would definitely feel even more at ease LOL


Jeha Kim

Jul 22 2020

LiteForex is quite transparent. Their Customer Care is fast response and fluent in Indonesian. My friends mostly use this broker, so I tried it and it was good overall. Thankyou!


Thaleea PO

Jul 22 2020

Liteforex's site is quite often in maintenance. Fortunately, the fixes are on weekends. Plus, their deposits-withdrawal process goes well. I give 4 for LiteForex!


Start Trading

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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Swissquote provides their pricing with Fixed while LiteForex offers Variable.



Swissquote vs LiteForex: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders. In comparison, LiteForex provides trading with MetaTrader 4, MetaTrader 5, WebTrader with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is Swissquote or LiteForex better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, Swissquote supports trading with Forex, Gold & silver, Stocks, Options, Indexes, Cryptocurrencies, CFD, while LiteForex presents the ability of trading with Forex, Gold & silver, CFD, Oil, Indexes, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to Swissquote and LiteForex:

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