FXTM 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. FXTM is regulated by one tier-1 jurisdictions, one tier-2 jurisdictions, and two tier-4 jurisdictions including FSC (Mauritius), CySEC , FSA-S, 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 FXTM with LiteFinance regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FXTM is better than LiteFinance and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
FXTM vs LiteFinance: In a Nutshell
FXTM
Founded in 2011, FXTM is a forex and CFD broker that offers online trading services globally. The broker is regulated by multiple regulatory authorities including ASIC, IIROC, FFAJ, MFSA, MAS, FCA, CFTC, NFA, BVI FSC. The broker has 10000+ trading instruments including forex, CFDs, Stocks, Commodities like gold, silver, and oil, and cryptocurrencies like Bitcoin, Litecoin, and Ethereum. The broker offers most popular trading platforms like MT4 and MT5. FXTM serves clients from over 150 countries and has over 45 industry awards for excellent services. To learn more, read our review about FXTM.
FXTM Overview
- Founded In: 2011
- Founder: Andre Dashin
- Headquarters: Mauritius
- Minimum Deposit: $10
- Maximum Leverage: 1:2000
- Regulations: FSC (Mauritius)
- Trading platform:MT4, MT5 and Mobile Trading
- Account Types: Micro, Advantage, Advantage Plus
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alfa-Click, Bitcoin, CASHU, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local Bank Transfers, Maestro, Neteller, Ngan Luong, PerfectMoney, Qiwi, Skrill, VLoad, Yandex Money
- US Traders: Not Accept
LiteFinance
LiteFinance (formerly known as LiteForex)Â 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. To learn more, you can read our review about LiteFinance.
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
FXTM vs : LiteFinance Features
- Trading Instruments: FX, Spot Metals, Index CFDs, Commodity CFDs, Cryptocurrency CFDs, Stock CFDs (only MT5)
- Maximum leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
- Minimum Deposit. 100 Euros, US dollars or British pounds
- Account Types: Two (Advantage and Advantage Plus
- Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips ($35 per million per side) for the Advantage account and 1.5 pips (No commission) for the Advantage plus account.
- PAMM/ MAM: Allowed
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
LiteFinance
- Trading Instruments: 250+ Trading instruments including Forex currency pairs, CFD stocks, Stocks indexes, Metals, Oil, Cryptocurrencies, etc.
- Maximum leverage: The maximum leverage of LiteFinance is as high as 1000:1. However, leverage may vary based on jurisdiction, and tradable assets.
- Minimum Deposit: The minimum deposit of LiteFinance is $10 for cent account, $50 for ECN and Classic Accounts
- Account Types: Three (ECN, Classic, Cent)
- Trading Fees: Floating spread starting from 0.0 pip for ECN Account, 1.8 Points for Classic Account, and 3 points for Cent Account. ECN account charges a commission of 0.25 per lot per side (Zero Spreads)
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
FXTM vs LiteFinance: Pros and Cons
FXTM
- FXTM is regulated, and licensed by top-tier regulators (FCA (UK), CySEC, FSC, FSCA)
- Minimum deposit is $10
- The Maximum leverage is as high as 1:2000
- Ultra-low spreads starting from as low as 0 pips
- Offers Copy Trading & MAM Accounts
- A wide range of trading instruments
- Negative balance protection for EU Clients
- Over 30 Payment Methods
- Inactivity and withdrawal fees
- Does not support Myfxbook or ZuluTrader options for social trading
- No futures or options trading
- No negative balance protection for Non-EU Clients
- Most withdrawal options have a fee
- Large spread on standard Account
LiteFinance
- 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
- 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
FXTM vs LiteFinance: Side-by-Side Comparison
FXTM Vs LiteFinance: Our Scores and Ratings
We rated both brokers, FXTM 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.
FXTM :
LiteFinance
Final Verdict :
FXTM 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 FXTM is $10 whereas the minimum deposit for LiteFinance is $50. Additionally, the maximum leverage for the FXTM is 2000:1. On the other hand, the maximum leverage for LiteFinance is 1000:1.
Our score for FXTM is 8.6, and for LiteFinance, it is 8.2 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose FXTM. However, If you prefer another broker with similar services, you may choose LiteFinance.
