GMG Markets vs LiteFinance Comparison

Last updated May 30, 2025
GMG Markets LogoGMG Markets
3.9/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
LiteFinance LogoLiteFinance
4.1/5
Register80% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of GMG Markets and LiteFinance

BrokerGMG MarketsLiteFinance
Rating
3.9/5
4.1/5
Foundation Year20152004
Regulated in CountriesUnited KingdomSaint Vincent and the Grenadines, Cyprus
Minimum Deposit
  • 200 USD
  • 10 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:301:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
ReviewGMG Markets Review LiteFinance Review

GMG Markets suits active Forex traders and scalpers who value FCA regulation, MT5, and low spreads; however, it may feel restrictive for investors and stock enthusiasts.

LiteFinance is ideally suited for beginner traders, thanks to training and demo accounts. Experienced traders may appreciate the analytics but face platform and asset selection limitations.

GMG Markets Review

GMG Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices
Trading Platforms
MetaTrader 5
compare GMG Markets trading accounts

GMG Markets is a niche broker primarily designed for active FX traders, scalpers, and algorithmic traders who only need two well-optimized accounts. The MT5 platform provides a comprehensive toolkit for both manual and automated trading, Autochartist supplements basic technical analysis, and 24/5 support responds swiftly and effectively.

This broker is ideal for those who appreciate transparent fees, swift fund withdrawals, and FCA regulation but do not require an extensive product lineup or copy trading services. Novice traders can test the live markets and undergo basic training via webinars, whereas professionals can access leverage up to 1:100 under Pro status. Investors, diversification enthusiasts, or those needing a multitude of platforms and services might be better served by more versatile providers.

Pros and Cons of GMG Markets

Pros

  1. Robust regulation — FCA license, segregated accounts, FSCS protection.
  2. Transparent fee structure — Standard account with zero commission, Raw account with zero spreads and fixed fee.
  3. MT5 + Autochartist — comprehensive desktop, web, and mobile platforms, algorithm support, integrated chart pattern scanner.
  4. VPS hosting — complimentary with required monthly turnover.
  5. 24/5 tech support — chat, phone, and e-mail typically respond within minutes.

Cons

  1. Limited instrument selection — only Forex, a few indices, and commodities.
  2. Single platform offering — no MT4, cTrader, TradingView, or proprietary web terminal.
  3. Minimum deposit of $200 — higher than brokers offering cent/micro accounts.
  4. No e-wallets or cryptocurrencies available for transactions.
  5. Investor services are lacking — no copy trading, PAMM, contests, or comprehensive fundamental analysis.

LiteFinance Review

LiteFinance Logo
Register80% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5cTrader
compare LiteFinance trading accounts

LiteFinance is a broker that actively invests in analytical and educational resources, providing its clients access to the economic calendar, daily forecasts, and analytics from Claws&Horns. These resources can significantly assist traders in developing their trading skills and strategies. The 24/7 technical support ensures that help is always on hand when needed, which is especially valuable for beginners and those who trade in various markets worldwide.

LiteFinance will be most suitable for beginner and intermediate-level traders who can make the most of the educational and analytical resources offered. It will also suit those who prefer to use standard trading platforms and do not plan to trade cryptocurrencies or soft commodities actively.

Pros and Cons of LiteFinance

Pros

  1. A variety of analytical tools.
  2. Extensive educational materials.
  3. 24/5 technical support.

Cons

  1. High trading fees.
  2. Lack of certain trading assets.

LiteFinance is in the top 10 of the following ratings:

Reliability

BrokerGMG MarketsLiteFinance
Reliability
5/5
4/5
Foundation Year20152004
Regulated in CountriesUnited KingdomSaint Vincent and the Grenadines, Cyprus
Regulators

GMG Markets

Since 2016 under FCA oversight, GMG Markets holds client funds in segregated accounts and qualifies for FSCS protection.

Pros

  1. FCA License — Tier-1 regulator
  2. Funds segregation + FSCS compensation up to £85,000
  3. STP/NDD model without dealer intervention

Cons

  1. Single jurisdiction (FCA), no additional licenses

LiteFinance

LiteFinance is a fairly reliable broker, regulated by authorities, ensuring safety and transparency for clients.

Pros

  1. Regulation by multiple bodies (SVG FSA, CySEC).
  2. Adherence to high standards of security and transparency.
  3. Mandatory segregation of client funds and deposit insurance.

Cons

  1. Lack of strict regulators such as FCA, ASIC, or CFTC.

Account Opening

BrokerGMG MarketsLiteFinance
Account Opening
4.5/5
5/5
Minimum Deposit
  • 200 USD
  • 10 USD

GMG Markets

GMG Markets onboarding is quick and efficient: registration takes 5–7 minutes, with verification under 1 business day. However, a $200 deposit and extensive KYC may deter beginners.

Pros

  1. Online registration in 5–7 minutes
  2. Document verification within 1 day

Cons

  1. Minimum deposit of $200
  2. Detailed KYC form

LiteFinance

Account opening at LiteFinance is user-friendly and straightforward, with a direct verification process.

Account Types

BrokerGMG MarketsLiteFinance
Account Types
3.8/5
5/5
Trading Accounts
  • Standard
  • RAW Spread
  • ECN
  • CLASSIC
  • CENT
Minimum Deposit
  • 200 USD
  • 10 USD
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:301:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
Demo Account
Swap-free Account

GMG Markets

Only two main accounts — Standard and Raw Spread — cater to basic requirements, but the absence of cent or fixed-spread accounts, copy trading, PAMM, and contest services limits variety.

Pros

  1. Commission-free Standard, and zero-spread Raw account
  2. Islamic account and spread-betting options for niche segments
  3. Complimentary VPS with required turnover

Cons

  1. No cent/fixed-spread account
  2. Lack of copy trading, PAMM, contests

LiteFinance

LiteFinance offers a variety of account types and diverse services, capable of satisfying the needs of different categories of traders.

Commissions

BrokerGMG MarketsLiteFinance
Commissions
3.5/5
1.5/5
Spreadfrom 0 pointsfrom 0 points
Average Spread (EURUSD)1.22
Commission per Lot$3.5$5

GMG Markets

GMG Markets offers a transparent fee structure: one account includes all charges within the spread, while another charges a small fee with a minimal spread. Deposits and withdrawals are free, no inactivity fee is applied, though swaps are slightly above average.

Pros

  1. No inactivity fees
  2. Free deposits and withdrawals

Cons

  1. Swaps are above average

LiteFinance

Brokerage fees at LiteFinance are above average, which can impact the profitability of trading, especially for active traders.

Pros

  1. No fees for depositing and withdrawing funds.

Cons

  1. High transaction fees on ECN accounts.
  2. Spreads on standard accounts are higher than many competitors.
  3. Presence of an inactivity fee.

Deposit and Withdrawal

BrokerGMG MarketsLiteFinance
Rating
4/5
5/5
Account Funding Methods
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Perfect Money
  • AdvCash
  • Bank Transfer
  • Swift
  • Credit and Debit Cards

GMG Markets

Card and bank transfers are swift and fee-free, but the absence of e-wallets and cryptocurrencies limits options.

Pros

  1. Commission-free transactions
  2. Instant card funding

Cons

  1. No e-wallets
  2. No cryptocurrencies

LiteFinance

LiteFinance offers its clients a wide range of convenient and secure methods for depositing and withdrawing funds, including e-wallets, bank transfers, and cryptocurrencies.

Markets and Products

BrokerGMG MarketsLiteFinance
Markets and Products
2.5/5
4.2/5
Forex6457
Precious Metals135
Energy Carriers33
Indices1715
Soft Commodities-5
Stocks-443
Cryptocurrency-63

GMG Markets

The instrument range is limited: primarily currency pairs, indices, and commodities; with no stocks, cryptocurrencies, or a broad commodity selection, diversification falls short compared to competitors.

Pros

  1. 64 currency pairs
  2. Major indices and metals

Cons

  1. No CFDs on stocks
  2. No cryptocurrencies
  3. Limited commodity selection

LiteFinance

LiteFinance offers a wide range of trading assets, although some categories are missing.

Pros

  1. Wide selection of currency pairs.
  2. Availability of CFDs on stocks, indices, and commodities.

Cons

  1. Absence of cryptocurrencies.
  2. No soft commodities.

Trading Platforms

BrokerGMG MarketsLiteFinance
Rating
3.5/5
5/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
  • cTrader

GMG Markets

The sole available platform, MT5, offers rich functionality, but the lack of alternatives reduces flexibility.

Pros

  1. Fully featured MT5
  2. Desktop, web, and mobile applications

Cons

  1. No MT4, cTrader, TradingView
  2. Essentially a single platform option

LiteFinance

LiteFinance offers proven cTrader, MT4, and MT5 platforms, and a convenient web terminal.

Analytics

BrokerGMG MarketsLiteFinance
Rating
3/5
5/5

GMG Markets

Autochartist and a daily news feed provide basic analysis, but the lack of proprietary research and in-depth fundamental analysis diminishes overall utility.

Pros

  1. Complimentary Autochartist
  2. Market news

Cons

  1. No proprietary research
  2. Weak fundamental analysis

LiteFinance

LiteFinance's website features a variety of useful analytical tools, providing comprehensive support for traders.

Education

BrokerGMG MarketsLiteFinance
Rating
4/5
5/5

GMG Markets

The foundational materials (webinars, articles, videos) are sufficient for beginners, but for in-depth learning and advanced coursework, external resources may be needed.

Pros

  1. Regular free webinars
  2. Novice-oriented article base
  3. Recordings available 24/7

Cons

  1. No advanced courses
  2. No podcasts or multilingual programs

LiteFinance

LiteFinance offers a variety of educational materials that contribute to the development of traders' skills at all levels.

Customer Support

BrokerGMG MarketsLiteFinance
Rating
4.5/5
4.8/5
Email Support
  • info@gmgmarkets.co.uk
  • clients@litefinance.com
  • trading@litefinance.com
Hotline Phones
  • +4402038653306
  • +447520644437
Social Media

GMG Markets

The broker provides 24/5 support via chat, phone, and e-mail, with responses typically within minutes.

Pros

  1. Online chat and phone support 24/5
  2. Rapid response
  3. Competent representatives

Cons

  1. No weekend support
  2. Delays during peak demand

LiteFinance

LiteFinance's technical support is prompt and professional in addressing issues, providing timely assistance.

Pros

  1. Multiple communication channels: email, Skype, Telegram, and phone.
  2. Support service availability 24/5.
  3. Quick response to user inquiries.

Cons

  1. Lack of 24/7 support.

Comparisons of GMG Markets and LiteFinance with other brokers

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.