Compare LiteFinance Vs Interactive Brokers: Which is the Better Forex Broker in 2024?
LiteFinance Vs Interactive Brokers, 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 Interactive Brokers, here is the direct comparison:
Compare | LiteFinance | Interactive Brokers |
General Rating |
2.54/5 |
2.42/5 |
Score | ||
Trustpilot |
3.9/5 141 users |
3.5/5 2640 users |
πΌ Regulation | ||
β Info | ||
β Established | 2005 | 1977 |
π² Min Deposit | $50 | $10000 |
β Max Leverage | 1:500 | 1:100 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $5 | |
π‘ Min Position | 0.01 lot | 0.25 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 | Wire transfer, Check and BPAY |
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 | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
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 | German, Spanish, French, Italian, Japanese, Russian, Chinese |
πͺ Trade Now | Open LiteFinance | Open Interactive Brokers |
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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Interactive Brokers: I have worst CS moment here. They are a bit...
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Interactive Brokers: While the platform is good. When you have a problem...
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Interactive Brokers: The web site does not always connect you may have...
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Interactive Brokers: The platform is absolutely solid and the folks at IB...
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Interactive Brokers: Pros: Fast, InexpensiveCons: Terrible Scanner, Horrible Charts, Customer Services
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See More LiteFinance Testimonials
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See More Interactive Brokers Testimonials
News
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Interactive Brokers Forex Broker Sees 11% Jump in DARTs
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LiteFinance Wraps Up Annual Best IB Nigeria Awards with Winners Revealed
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Interactive Brokers Rocks Q4: Strong Revenue Led by Options Surge
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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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Interactive Brokers Continues Success, Surpassing 2.5 Million Clients
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LiteFinance Integrates cTrader into its Trading Platform
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Interactive Brokers Merging Europe and Ireland Office
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Interactive Brokers Trading Volume in August Remains Flat
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See More Related LiteFinance News
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See More Related Interactive Brokers News
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- Comparison List
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 Interactive Brokers offers Fixed spread.
LiteFinance vs Interactive Brokers: 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, Interactive Brokers provides trading with Web Trader (SerSart), FX-Trader, Trader Workstation with the support of One-click trading, Trailing stop, Pending orders.
Is LiteFinance or Interactive Brokers 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 Interactive Brokers presents the ability of trading with Forex, Gold & silver, CFD, Stocks, Options, Futures, Bonds, ETF, 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 Interactive Brokers:
- Compare LiteFinance vs Pepperstone
- Compare LiteFinance vs Axi
- Compare LiteFinance vs easyMarkets
- Compare Interactive Brokers vs FXTM
- Compare Interactive Brokers vs FXOpen
- Compare Interactive Brokers vs BDSwiss
For more comparisons, visit this page.