Pepperstone and Lite Finance are two popular forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Pepperstone is regulated by three Tier-1, two Tier-2, and two Tier-4 jurisdictions, including FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, LiteFinance is regulated by two Tier-1 jurisdictions, and one Tier-5 jurisdictions including CySEC , MIFID , FSA. These two brokers offer similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare Pepperstone with Lite Finance regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Pepperstone is better than LiteFinance and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
Pepperstone vs Lite Finance: In a Nutshell
Pepperstone
Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is an Australian-based forex and CFD broker that offers online trading services globally. The broker has offices in Melbourne, London, Düsseldorf, Dubai, Limassol, Nassau, and Nairobi. Pepperstone gives you access to trade more than 1,200 forex/CFDs on its powerful platforms: MT4, MT5, cTrader, and TradingView. With its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in seven jurisdictions and boasts over 400,000 clients from all over the world. To learn more, you can read our review on Pepperstone, where we have covered its features, pros, cons, ratings, and more
Pepperstone At a Glance
- Founded In: 2010
- Founder: Owen Kerr and Joe Davenport
- Headquarters : Melbourne, Australia,
- Minimum Deposit: None (However, Pepperstone recommends $200 or equivalent for margin requirements.
- Maximum Leverage: Upto 30:1 for ASIC, CySEC, FCA, BaFin, and DFSA jurisdictions, 400:1 for CMA, 200:1 for SCB, and 500:1 for Professional Accounts
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading platform: MT4, MT5, cTrader, TradingView
- Account Types: Standard, Standard (cTrader/MetaTrader 4&5), Razor (MT4, MT5, cTrader & TradingView)
- Trading Styles: All including Scalping, Hedging, News Trading, EA Trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
- US Clients: Not Accepted
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
Pepperstone vs LiteFinance: Features
Pepperstone:
- Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc
- Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders.
- Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement.
- Account Types: Two ( Standard account, Razor Account)
- Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip.
- PAMM/ MAM: Available
- 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
Pepperstone vs LiteFinance: Pros and Cons
Pepperstone:
- Regulated in 7 Reputed Jurisdictions (FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA in Kenya, and SCB in the Bahamas)
- Fast order execution (fast execution on an average of 30 ms)
- Competitive spread starting from 0.0 pips
- Segregated clients fund with tire 1 bank
- No Inactivity Fees
- Attractive Trading Conditions
- Wide Range of Instruments Offered
- Fast and full online account opening
- MT4 Smart trader tools, Autochartist, Capitalise.ai, and free VPS are some of the trading tools available.
- US Traders not allowed
- Only CFDs are Offered
- No cent/Micro Account
- Minimum deposit 200
- Support works only 24/5
- Limited account protection for non-U.K./E.U. clients
- No guaranteed Stop loss
- 30-day expiry for demo accounts
LiteFinance(LiteForex):
- 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
Pepperstone vs LiteFinance: Side-by-Side Comparison
Pepperstone Vs LiteFinance: Our Scores and Ratings
We rated both brokers, Pepperstone 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.
Pepperstone:
Lite Finance:
Final Verdict:
Pepperstone and Lite Finance are regulated forex and CFD brokers in the industry. Both They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. 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 Pepperstone is $0 (with $200 recommended), whereas the minimum deposit for Lite Finance is $50. Additionally, the maximum leverage for Pepperstone is 500:1 for professional traders and 200:1 for retail traders, whereas the maximum leverage for Lite Finance is 1000:1. Pepperstone offers passive investment programs like MAM and PAMM, while Lite Finance does not have any passive investment programs.
Our score for Pepperstone is 9.4, and for Lite Finance, it is 8.2 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Pepperstone. However, if you prefer high-leverage forex brokers that offer similar services, you may choose Lite Finance.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
