Compare LiteFinance Vs FXCM: Which is the Better Forex Broker in 2024?
LiteFinance Vs FXCM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between LiteFinance Vs FXCM, here is the direct comparison:
Compare | LiteFinance | FXCM |
General Rating |
2.54/5 |
2.43/5 |
Score | ||
Trustpilot |
3.9/5 141 users |
2.7/5 44 users |
πΌ Regulation | ||
β Info | ||
β Established | 2005 | 1999 |
π² Min Deposit | $50 | $1 |
β Max Leverage | 1:500 | 1:400 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $5 | $4 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, QIWI, Perfect Money, AliPay, Crypto, Wallet One, Litecoin, Ethereum, Monero, Crypto Cash, AdvCash, Ripple, Tether (USDT), Mobile network operators and M-Pesa | Skrill, Wire transfer, Credit/debit cards and Neteller |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, Greek, English, Spanish, French, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Thai, Chinese | Arabic, German, Greek, English, Spanish, French, Italian, Hebrew, Portuguese, Swedish, Chinese |
πͺ Trade Now | Open LiteFinance | Open FXCM |
Compare Again
Testimonials
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LiteFinance: Here is why I love it
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LiteFinance: Folks, be carefull!
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LiteFinance: Very user friendly
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LiteFinance: My experience by far
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LiteFinance: This broker pass the vibe check
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FXCM: Genuine Trading Tips
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FXCM: nice broker
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FXCM: I wonder how I got so many phone call after...
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FXCM: They never accept my account and when I ask for...
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FXCM: First, the price is far, very far from the real...
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See More LiteFinance Testimonials
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See More FXCM Testimonials
News
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LiteFinance Wraps Up Annual Best IB Nigeria Awards with Winners Revealed
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LiteFinance Warns Clients Against Rising Fraudulent Activities
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Don't Miss LiteFinance New Year Promo, Win Sophisticated Gifts
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FXCM New Vice President and CFO Take the Helm at Tradu Platform
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LiteFinance Integrates cTrader into its Trading Platform
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FXCM UK Records a 11.2 Percent Drop in Revenue
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FXCM UK and Cyprus Subsidiaries Undergo Name Changes
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FXCM Pro Provides MetaTrader Liquidity to TFB Clients
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LiteFinance Gears Up for Forex Expo Dubai 2023
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See More Related LiteFinance News
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See More Related FXCM News
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, LiteFinance provides their pricing with Variable spread while FXCM offers Fixed spread.
LiteFinance vs FXCM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, LiteFinance enables trading with MetaTrader 4, MetaTrader 5, WebTrader, Social trading, cTrader. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXCM provides trading with MetaTrader 4 (Limited with 30 days), Trading Station II (Limited with 30 days), MirrorTrader, NinjaTrader with the support of One-click trading, Trailing stop, Pending orders.
Is LiteFinance or FXCM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, LiteFinance supports trading with Oil, Indexes, Stock, Commodities, Forex, Gold & silver, CFD, Crypto, while FXCM presents the ability of trading with Forex, CFD, Stocks, Agriculture, Gold & silver, Oil, Indexes, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to LiteFinance and FXCM:
- Compare LiteFinance vs XM
- Compare LiteFinance vs FirewoodFX
- Compare LiteFinance vs MTrading
- Compare FXCM vs Vantage Markets
- Compare FXCM vs RoboForex
- Compare FXCM vs IC Markets
For more comparisons, visit this page.