LiteFinance vs OANDA Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - LiteFinance or OANDA?
Our pick: OANDA
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - OANDA looks preferable to LiteFinance.
OANDA scored 4.3/5 and ranks 28 in our all Forex brokers list, whereas LiteFinance has 4.1/5 and ranks 39.
This is not financial advice. See the full comparison below.
Who is LiteFinance suitable for?
LiteFinance is ideally suited for beginner traders, thanks to training and demo accounts. Experienced traders may appreciate the analytics but face platform and asset selection limitations.
Who is OANDA suitable for?
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Comparison Table of LiteFinance and OANDA
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 4.1/5 | 4.3/5 |
| Foundation Year | 2004 | 2001 |
| Regulated in Countries | Saint Vincent and the Grenadines, Cyprus | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Minimum Deposit |
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:1000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | LiteFinance Review | OANDA Review |
LiteFinance Review
LiteFinance is a broker that actively invests in analytical and educational resources, providing its clients access to the economic calendar, daily forecasts, and analytics from Claws&Horns. These resources can significantly assist traders in developing their trading skills and strategies. The 24/7 technical support ensures that help is always on hand when needed, which is especially valuable for beginners and those who trade in various markets worldwide.
LiteFinance will be most suitable for beginner and intermediate-level traders who can make the most of the educational and analytical resources offered. It will also suit those who prefer to use standard trading platforms and do not plan to trade cryptocurrencies or soft commodities actively.
Pros and Cons of LiteFinance
Pros
- A variety of analytical tools.
- Extensive educational materials.
- 24/5 technical support.
Cons
- High trading fees.
- Lack of certain trading assets.
LiteFinance is in the top 10 of the following ratings:
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
Reliability
| Broker | LiteFinance | OANDA |
|---|---|---|
| Reliability | 4/5 | 5/5 |
| Foundation Year | 2004 | 2001 |
| Regulated in Countries | Saint Vincent and the Grenadines, Cyprus | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Regulators | SVGFSA SVGFSA CySEC CySEC | NFA NFA CFTC CFTC ASIC ASIC CIRO CIRO FCA FCA JFSA JFSA BVIFSC BVIFSC MAS MAS KNF KNF |
LiteFinance
LiteFinance is a fairly reliable broker, regulated by authorities, ensuring safety and transparency for clients.
Pros
- Regulation by multiple bodies (SVG FSA, CySEC).
- Adherence to high standards of security and transparency.
- Mandatory segregation of client funds and deposit insurance.
Cons
- Lack of strict regulators such as FCA, ASIC, or CFTC.
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Account Opening
| Broker | LiteFinance | OANDA |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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LiteFinance
Account opening at LiteFinance is user-friendly and straightforward, with a direct verification process.
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Account Types
| Broker | LiteFinance | OANDA |
|---|---|---|
| Account Types | 5/5 | 3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:1000 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
LiteFinance
LiteFinance offers a variety of account types and diverse services, capable of satisfying the needs of different categories of traders.
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Commissions
| Broker | LiteFinance | OANDA |
|---|---|---|
| Commissions | 1.5/5 | 3.5/5 |
| Spread | from 0 points | from 0.5 points |
| Average Spread (EURUSD) | 2 | 0.8 |
| Commission per Lot | $5 |
LiteFinance
Brokerage fees at LiteFinance are above average, which can impact the profitability of trading, especially for active traders.
Pros
- No fees for depositing and withdrawing funds.
Cons
- High transaction fees on ECN accounts.
- Spreads on standard accounts are higher than many competitors.
- Presence of an inactivity fee.
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Deposit and Withdrawal
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Account Funding Methods |
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LiteFinance
LiteFinance offers its clients a wide range of convenient and secure methods for depositing and withdrawing funds, including e-wallets, bank transfers, and cryptocurrencies.
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Markets and Products
| Broker | LiteFinance | OANDA |
|---|---|---|
| Markets and Products | 4.2/5 | 4.4/5 |
| Forex | 57 | 48 |
| Precious Metals | 5 | 3 |
| Energy Carriers | 3 | 3 |
| Soft Commodities | 5 | 4 |
| Indices | 15 | 18 |
| Stocks | 443 | 1607 |
| Cryptocurrency | 63 | 18 |
LiteFinance
LiteFinance offers a wide range of trading assets, although some categories are missing.
Pros
- Wide selection of currency pairs.
- Availability of CFDs on stocks, indices, and commodities.
Cons
- Absence of cryptocurrencies.
- No soft commodities.
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Trading Platforms
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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|
LiteFinance
LiteFinance offers proven cTrader, MT4, and MT5 platforms, and a convenient web terminal.
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Analytics
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
LiteFinance
LiteFinance's website features a variety of useful analytical tools, providing comprehensive support for traders.
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Education
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
LiteFinance
LiteFinance offers a variety of educational materials that contribute to the development of traders' skills at all levels.
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Customer Support
| Broker | LiteFinance | OANDA |
|---|---|---|
| Rating | 4.8/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Skype
Telegram
Facebook
Twitter
LinkedIn
YouTube
InstagramLiteFinance
LiteFinance's technical support is prompt and professional in addressing issues, providing timely assistance.
Pros
- Multiple communication channels: email, Skype, Telegram, and phone.
- Support service availability 24/5.
- Quick response to user inquiries.
Cons
- Lack of 24/7 support.
OANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
Comparisons of LiteFinance and OANDA with other brokers
Conclusion
OANDA stands out as the better overall pick, while LiteFinance trails on aggregate criteria.
OANDA scored 4.3/5 and ranks 28 in our rating; LiteFinance has 4.1/5 and ranks 39.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: LiteFinance or OANDA?
OANDA comes out ahead by overall rank (score 4.3/5, position 28) versus LiteFinance (score 4.1/5, position 39).
Which broker is better for beginners: LiteFinance or OANDA?
OANDA is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — LiteFinance or OANDA?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with LiteFinance and OANDA?
LiteFinance: MetaTrader 4, MetaTrader 5, cTrader. OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. See the “Platforms” section for details and selection tips.
What markets can you trade with LiteFinance and OANDA?
LiteFinance: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by LiteFinance and OANDA?
LiteFinance: ECN, CLASSIC, CENT. OANDA: Standard, Swap Free. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by LiteFinance and OANDA?
LiteFinance: Neteller, Skrill, Perfect Money, Volet, Bank Transfer, Swift, Credit and Debit Cards. OANDA: Skrill, Neteller, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — LiteFinance or OANDA — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
