XM vs Lite Finance | Our Analysis & Comparison (2024)

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Forex Traders always look for trading with trusted and reliable forex brokers. LiteFinance and LiteFinance are Forex and CFD brokers offering online trading services globally. Both brokers are regulated by top-tier regulatory authorities. LiteFinance is regulated by two tier-1, two tier-2, and one tier-4 jurisdictions, including the ASIC, CySEC, FSCA, FSC-Belize, and DFSA.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 almost similar services. However, each broker has its own strengths and weaknesses.

In this article, we will compare and review LiteFinance with LiteFinance regarding pros and cons,  trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. This comparison lets you understand which broker is better for your trading style and preferences.

XM vs Demo: In a Nutshell

XM

XM is a multiple award-winning broker that allows its clients to trade forex, CFDs, and real stocks on its MetaTrader platforms. Founded in 2009, XM has over 1000 trading instruments and multiple account types which are designed for newbies, and experienced and professional traders. Trading tools are also provided to assist the traders with market analyses. 

XM Overview
  • Founded In: 2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations: FSC
  • Trading platform: MT4, MT5
  • Account Types: Ultra Low, Micro, Standard, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
  • US Traders: Not Accept

Lite Finance

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

XM vs LiteFinance: Pros and Cons

XM

Pros
  • Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
  • Easy and fast account opening
  • Minimum deposit is $5
  • Over 1000 forex/CFDs are available for trading.
  • MT4 and MT5 are the available trading platforms.
  • Quality research, market analysis, and access to trading tools like Autochartist.
  • Quality training for newbies and ‘ultra-low micro account’ for beginners.
  • High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)
Cons
  • Dormant fees are charged after 3 months of no account activity.
  • Trading of real stocks is not available to European traders.
  • Traders have no other choice apart from the MetaTrader platforms.
  • Limited tradable assets.
  • No passive investment services (social trading platform, PAMM accounts);
  • Funding with PayPal is unavailable

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

  

XM vs LiteFinance: Side-by-Side Comparison

XM
Lite Finance
Product
Founded In
Founded In
2009
2005
Founded By
Founded By
Constantinos Cleanthous
Mahmud Naimov
Headquarters
Headquarters
Limassol, Cyprus
Port Louis, Mauritius
Regulations
Regulations
ASIC, CySec , FSC , DFSA, FSCA
CySEC, FSC
Min Deposit
Min Deposit
$5
$10
Max Leverage
Max Leverage
1000:1
1:1000
Tradable Assets
Tradable Assets
Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies
Currency , Metals , Oils , Commodities
Fees
Fees
Spread from 0.6 pips
Spread from 0.5 pips
Platforms and Tools
Platforms and Tools
MT4 , MT5
MT4/5, LF, cTrader
US Traders
US Traders
Not Allowed
Not Allowed

XM Vs LiteFinance: Our Scores and Ratings

We rated both brokers, XM 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.

XM :

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

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 :

LiteFinance and LiteFinance are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. 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 LiteFinance is $5, whereas the minimum deposit for LiteFinance is $50. Additionally, the maximum leverage for LiteFinance is 1000:1.On the other hand, the maximum leverage for LiteFinance is 1000:1. LiteFinance offers a Social copy trading program, while LiteFinance does not have any social trading program.

Our score for LiteFinance is 9.3, and for LiteFinance, it is 8.2. So, if you are looking for trusted Forex brokers with Social Trading services, you may choose LiteFinance. However, If you prefer another broker with similar  trading 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.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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