FP Markets vs LiteFinance | Our Analysis & Comparison (2024)

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Updated :
Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
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FP Markets and LiteFinance are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. FP Markets is regulated by two tier-1 jurisdictions, one tier-2 jurisdictions and one tier -4 jurisdictions including ASIC, CySEC, SVGFSA, FSCA. On the other hand, LiteFinance is regulated in  two tier-1 jurisdictions, and one tier-5 jurisdictions including CySEC , MIFID , FSA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast FP Markets with LiteFinance regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FP Markets is better than LiteFinance and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

FP Markets vs LiteFinance: In a Nutshell

FP Markets

FP Markets was established in 2005 in Australia but has become a global brand with multiple regulations across the world. Traders have access to trade more than 10,000 forex and CFDs on its 4 platforms; MT4, MT5, IRESS, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, etc.

FP Markets Overview
  • Founded In: 2005
  • Minimum Deposit: 100 AUD or equivalent.
  • Maximum Leverage: 500:1
  • Regulations: ASIC, CySEC, FSCA, FSA
  • Trading platform: MT4, MT5 and Ctrader 
  • Account Types: Islamic , Account Funding, Fund withdraw
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
  • US Traders: Not Accept

LiteFinance

LiteFinance (formerly 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 offers 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

FP Markets vs LiteFinance: Pros and Cons

FP Markets

Pros
  • Regulated by ASIC, CySEC, FSCA, SVGFSA, AFS, FSP 
  • The Maximum leverage is 1:500
  • Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, IRESS
  • Hedging, Scalping, EA/Robot, and Copy trading are allowed 
  • Easy, Fast and Digital account opening
  • Offers passive investment programs like MAM, PAMM Accounts
  • Faster order execution (40ms) 
  • FP Markets offers consistently tighter spreads from 0.0 pips
Cons
  • No FCA regulation. 
  • The Minimum deposit is $100, which might be high for a beginner
  • High Stock CFD fees 
  • US traders are not accepted 
  • Only two types of accounts ( Standard, Raw) 

LiteFinance

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

  

FP Markets vs LiteFinance: Side-by-Side Comparison

FP Markets
Lite Finance
Product
Founded In
Founded In
2005
2005
Founded By
Founded By
Matthew Murphie
Mahmud Naimov
Headquarters
Headquarters
Sydney , Australia
Port Louis, Mauritius
Regulations
Regulations
ASIC, CySEC, FSCA, FSA
CySEC, FSC
Min Deposit
Min Deposit
$ 100 AUD or equivalent
$10
Max Leverage
Max Leverage
500:1
1:1000
Tradable Assets
Tradable Assets
Forex,Shares,Metals,Commodities,Indice,Digital Currencies,Bonds,ETFs
Currency , Metals , Oils , Commodities
Fees
Fees
Spread from 1 pips (Standard)
Spread from 0.5 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, WebTrader, TradingView
MT4/5, LF, cTrader
US Traders
US Traders
Not Allowed
Not Allowed

FP Markets Vs LiteFinance: Our Scores and Ratings

We rated both brokers, FP Markets and LiteFinance, 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.

FP Markets :

9.2
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9.5
Customer Support (10%)9.5
Trading Education (5%)9.6

LiteFinance

8.2
Lite Finance 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

Final Verdict :

FP Markets and LiteFinance are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for FP Markets is $100 whereas the minimum deposit for LiteFinance is $50. Additionally, the maximum leverage for the FP Markets is 500:1. On the other hand, the maximum leverage for LiteFinance is 1000:1. 

Our score for FP Markets is 9.2, and for LiteFinance, it is 8.2 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose FP Markets. However, If you prefer another broker with similar services, you may choose  LiteFinance.

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.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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