Compare LiteForex vs FXTM
What is LiteForex? What is FXTM?
LiteForex and FXTM are both online brokers and trading platforms that offer forex and CFD trading. LiteForex was established in 2011 and is regulated by the FSC of Mauritius. FXTM was established in 2011 and is regulated by CySEC, FCA, FSCA, FSC and CMA
LiteForex vs FXTM Overall Comparison
LiteForex and FXTM have some similarities and differences in their overall features and services. For example, both brokers offer demo accounts, Islamic accounts, hedging, automated trading, copy trading, social trading and trade signals. However, LiteForex has a higher maximum leverage of 1:2000 compared to FXTM’s 1:1000. LiteForex also offers a wider range of payment methods, account currencies and stock exchanges than FXTM.
LiteForex vs FXTM Regulation Comparison
LiteForex and FXTM have different regulatory statuses depending on the jurisdiction they operate in. LiteForex is only regulated by the FSC of Mauritius, which is a relatively low-tier regulator with less strict oversight and protection for traders. FXTM, on the other hand, is regulated by multiple high-tier regulators such as CySEC, FCA, FSCA and CMA, which offer more credibility and security for traders. FXTM also has negative balance protection for all its clients, while LiteForex does not specify this feature on its website.
LiteForex vs FXTM Trading Assets Comparison
LiteForex and FXTM offer a similar range of trading assets, including forex, CFDs, indices, commodities, stocks and cryptocurrencies. However, FXTM has more variety in some categories, such as futures, ETFs, options and bonds. LiteForex does not offer these instruments on its platform.
LiteForex vs FXTM Trading Fees Comparison
LiteForex and FXTM have different fee structures depending on the account type and trading instrument. LiteForex offers variable spreads starting from 0 pips on its ECN accounts and charges a commission of $2 per lot per side. FXTM also offers variable spreads starting from 0 pips on its ECN accounts and charges a commission ranging from $0.4 to $4 per lot per side depending on the account type. Both brokers also charge swap fees for holding positions overnight and may charge inactivity fees for dormant accounts.
LiteForex vs FXTM Account Types Comparison
LiteForex and FXTM have different account types to suit different trading styles and preferences. LiteForex offers four account types: Classic, ECN, PAMM Classic and PAMM ECN. The minimum deposit for all accounts is $50 except for the PAMM ECN account which requires $500. FXTM offers six account types: Standard Account (MT4), Cent Account (MT4), Shares Account (MT4), ECN Account (MT4/MT5), ECN Zero Account (MT4/MT5) and Pro Account (MT4/MT5). The minimum deposit for all accounts is $10 except for the Pro Account which requires $25,000.
LiteForex vs FXTM Trading Conditions Comparison
LiteForex and FXTM have different trading conditions depending on the account type and trading instrument. LiteForex offers a maximum leverage of 1:2000 for forex trading on its Classic account and 1:400 for forex trading on its ECN account. The minimum trade size is 0.01 lot for all accounts. FXTM offers a maximum leverage of 1:1000 for forex trading on its Standard Account (MT4) and Cent Account (MT4) and 1:2000 for forex trading on its Shares Account (MT4). The minimum trade size is 0.01 lot for all accounts except for the Cent Account which has a minimum trade size of 0.00001 lot.
LiteForex vs FXTM Deposit Options Comparison
LiteForex and FXTM have different deposit and withdrawal options for their clients. LiteForex accepts various payment methods such as credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, Perfect Money, QIWI, UnionPay, YooMoney, Bitcoin, Ethereum, Boleto, M-Pesa, Western Union and Google Pay. FXTM accepts fewer payment methods such as credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, Perfect Money, QIWI, UnionPay, FasaPay, GlobePay, Google Wallet, JCB Card, M-Pesa, Maestro, PayRedeem, WeChat Pay, Western Union, WorldPay and Yandex Money. Both brokers do not charge any fees for deposits or withdrawals.
LiteForex vs FXTM Trading Platforms Comparison
LiteForex and FXTM have different trading platforms for their clients. LiteForex offers the MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. FXTM also offers the MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. However, FXTM has some limitations on the use of these platforms. For example, the MT4 platform is only available for 60 days on the demo account and the MT5 platform is only available for 30 days on the demo account.
LiteForex vs FXTM Analytical Tools Comparison
LiteForex and FXTM have different analytical tools to help their clients with their trading decisions. LiteForex provides some basic tools such as an economic calendar, market analysis and trading signals. FXTM provides more advanced tools such as Autochartist, Trading Central and FXTM Pivot Points Strategy. These tools offer market scanning, technical analysis and trading strategies based on various indicators.
LiteForex vs FXTM Educational Resources Comparison
LiteForex and FXTM have different educational resources to help their clients learn more about trading. LiteForex provides some free education such as articles, webinars and video tutorials. FXTM provides more comprehensive education such as articles, webinars, video tutorials, ebooks and seminars. FXTM also has a dedicated education center called FXTM Trading Academy that offers courses for beginners, intermediate and advanced traders.
Which offers better pricing – LiteForex or FXTM
This depends on the account type and trading instrument you choose. Both brokers offer variable spreads starting from 0 pips on their ECN accounts, but LiteForex charges a lower commission of $2 per lot per side compared to FXTM’s commission ranging from $0.4 to $4 per lot per side. However, FXTM may offer lower spreads on some instruments such as forex pairs and commodities than LiteForex. You can check their websites or use their trading calculators to compare their spreads and commissions for different instruments and account types.
Which broker offers more security when trading Forex and CFDs?
FXTM offers more security than LiteForex when trading Forex and CFDs. FXTM is regulated by multiple high-tier regulators such as CySEC, FCA, FSCA and CMA, which offer more credibility and protection for traders. FXTM also has negative balance protection for all its clients, which means you cannot lose more than your deposit. LiteForex is only regulated by the FSC of Mauritius, which is a relatively low-tier regulator with less strict oversight and protection for traders. LiteForex does not specify if it offers negative balance protection on its website.
Which broker offers the superior trading platform?
This depends on your personal preference and trading style. Both brokers offer the MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices. These platforms are widely used and trusted by traders around the world. They offer advanced charting tools, technical indicators, automated trading, copy trading, social trading and trade signals. However, FXTM has some limitations on the use of these platforms. For example, the MT4 platform is only available for 60 days on the demo account and the MT5 platform is only available for 30 days on the demo account. LiteForex does not have these restrictions on its platforms.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile devices.
How many Forex pairs can you expect from these brokers?
Both brokers offer a similar number of Forex pairs. LiteForex offers 55 Forex pairs while FXTM offers 57 Forex pairs.
Is it safe to trade with LiteForex?
Trading with LiteForex involves some risks as it is only regulated by the FSC of Mauritius, which is a relatively low-tier regulator with less strict oversight and protection for traders. LiteForex does not specify if it offers negative balance protection or segregated accounts for its clients. LiteForex also has some negative reviews from users who complain about poor customer service, delayed withdrawals and platform issues.
Is it safe to trade with FXTM?
Trading with FXTM is safer than trading with LiteForex as it is regulated by multiple high-tier regulators such as CySEC, FCA, FSCA and CMA, which offer more credibility and protection for traders. FXTM also has negative balance protection for all its clients, which means you cannot lose more than your deposit. FXTM also has segregated accounts for its clients, which means your funds are kept separate from the broker’s funds in case of insolvency. FXTM also has mostly positive reviews from users who praise its customer service, fast withdrawals and platform features.
Is LiteForex a good broker?
LiteForex may be a good broker for some traders who are looking for high leverage, low minimum deposit, multiple payment methods and copy trading features. However, LiteForex also has some drawbacks such as low regulation, unclear fee structure, limited educational resources and negative user feedback.
Is FXTM a good broker?
FXTM may be a good broker for most traders who are looking for strong regulation, low minimum deposit, diverse trading instruments, advanced analytical tools and comprehensive educational resources. However, FXTM also has some drawbacks such as high commissions, limited payment methods, restricted platform usage and variable spreads.
LiteForex vs FXTM. Which forex broker is better? Which forex broker should you choose?
Both LiteForex and FXTM are regulated forex brokers that offer a variety of trading instruments and platforms. However, there are some differences between them that may affect your choice depending on your preferences and needs. Here are some of the main points of comparison:
- Minimum deposit: LiteForex requires a minimum deposit of $50, while FXTM has a lower minimum deposit of $10.
- Maximum leverage: LiteForex offers a higher maximum leverage of 1:2000, while FXTM offers a lower maximum leverage of 1:1000.
- Spread: LiteForex has a variable spread that starts from 0.1 pips, while FXTM has a variable spread that starts from 0.5 pips.
- Commissions: LiteForex charges a commission of $2 per lot, while FXTM does not charge any commission on most of its account types.
- Account types: LiteForex offers four account types: Classic, ECN, PAMM and Demo. FXTM offers six account types: Standard, Cent, Shares, ECN, ECN Zero and FXTM Pro.
- Trading platforms: LiteForex supports both MT4 and MT5 trading platforms, while FXTM supports only MT4 trading platform.
- Copy trading: LiteForex offers a forex copy trading solution with hundreds of master traders, while FXTM offers FXTM Invest, a popular copy trading app that connects clients to established investors with successful portfolios.
Based on these points, you may decide which broker is better for you. However, you should also consider other factors such as customer service, education, research, promotions and awards before making your final decision. You can read more about each broker by visiting their websites or reading their reviews online.
