IFC Markets vs LiteFinance Comparison
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 IFC Markets and LiteFinance
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 4.3/5 | 4.1/5 |
| Foundation Year | 2005 | 2004 |
| Regulated in Countries | British Virgin Islands, Malaysia | Saint Vincent and the Grenadines, Cyprus |
| Minimum Deposit |
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| Spread | from 0.4 points | from 0 points |
| Max Leverage | 1:400 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | IFC Markets Review | LiteFinance Review |
IFC Markets is suitable for traders looking for various trading instruments and platforms but may not be ideal for those who require an ECN account.
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.
IFC Markets Review
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
IFC Markets is in the top 10 of the following ratings:
LiteFinance Review
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
- A variety of analytical tools.
- Extensive educational materials.
- 24/5 technical support.
Cons
- High trading fees.
- Lack of certain trading assets.
LiteFinance is in the top 10 of the following ratings:
Reliability
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Reliability | 4.2/5 | 4/5 |
| Foundation Year | 2005 | 2004 |
| Regulated in Countries | British Virgin Islands, Malaysia | Saint Vincent and the Grenadines, Cyprus |
| Regulators | BVIFSC BVIFSC LFSA LFSA | SVGFSA SVGFSA CySEC CySEC |
IFC Markets
The broker demonstrates high reliability, confirmed by multi-jurisdictional regulation and professional indemnity insurance.
Pros
- Multi-jurisdictional regulation.
- Insurance against professional liability.
Cons
- Lack of regulation in countries with stricter requirements.
LiteFinance
LiteFinance is a fairly reliable broker, regulated by authorities, ensuring safety and transparency for clients.
Pros
- Regulation by multiple bodies (SVG FSA, CySEC).
- Adherence to high standards of security and transparency.
- Mandatory segregation of client funds and deposit insurance.
Cons
- Lack of strict regulators such as FCA, ASIC, or CFTC.
Account Opening
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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IFC Markets
Opening an account with IFC Markets is relatively simple and convenient.
LiteFinance
Account opening at LiteFinance is user-friendly and straightforward, with a direct verification process.
Account Types
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Account Types | 4.3/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.4 points | from 0 points |
| Max Leverage | 1:400 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
IFC Markets
IFC Markets offers a good selection of accounts that meet the requirements of various categories of traders, though there are some limitations.
Pros
- A wide selection of trading accounts.
- Swap-free accounts for Islamic traders.
- PAMM accounts available.
Cons
- Absence of STP and ECN accounts.
LiteFinance
LiteFinance offers a variety of account types and diverse services, capable of satisfying the needs of different categories of traders.
Commissions
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Commissions | 3/5 | 1.5/5 |
| Spread | from 0.4 points | from 0 points |
| Average Spread (EURUSD) | 1.4 | 2 |
| Commission per Lot | $5 |
IFC Markets
IFC Markets offers competitive spreads, but high swaps can make long-term trading difficult.
LiteFinance
Brokerage fees at LiteFinance are above average, which can impact the profitability of trading, especially for active traders.
Pros
- No fees for depositing and withdrawing funds.
Cons
- High transaction fees on ECN accounts.
- Spreads on standard accounts are higher than many competitors.
- Presence of an inactivity fee.
Deposit and Withdrawal
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Account Funding Methods |
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IFC Markets
IFC Markets provides numerous methods for depositing and withdrawing funds without additional commissions, ensuring convenience and savings for traders.
Pros
- Wide choice of deposit and withdrawal methods.
- No broker commissions on financial transactions.
Cons
- Withdrawals can only be made through the same method as deposits.
- Withdrawal requests may take up to 2 business days to process.
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
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Markets and Products | 5/5 | 4.2/5 |
| Forex | 53 | 57 |
| Precious Metals | 7 | 5 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 16 | 5 |
| Indices | 12 | 15 |
| Stocks | 461 | 443 |
| ETF | 4 | - |
| Cryptocurrency | 14 | 63 |
IFC Markets
IFC Markets offers extensive financial instruments, providing flexibility for traders' diverse strategies.
LiteFinance
LiteFinance offers a wide range of trading assets, although some categories are missing.
Pros
- Wide selection of currency pairs.
- Availability of CFDs on stocks, indices, and commodities.
Cons
- Absence of cryptocurrencies.
- No soft commodities.
Trading Platforms
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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IFC Markets
The IFCM platforms include MT4, MT5, and the proprietary NetTradeX terminal, offering a broad selection with advanced features.
LiteFinance
LiteFinance offers proven cTrader, MT4, and MT5 platforms, and a convenient web terminal.
Analytics
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
IFC Markets
IFCM provides a comprehensive analytical toolkit but lacks automated updates for economic news and some tools for self-analysis.
LiteFinance
LiteFinance's website features a variety of useful analytical tools, providing comprehensive support for traders.
Education
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 5/5 | 5/5 |
IFC Markets
The wealth and quality of educational resources presented by IFCM set the broker apart from competitors.
LiteFinance
LiteFinance offers a variety of educational materials that contribute to the development of traders' skills at all levels.
Customer Support
| Broker | IFC Markets | LiteFinance |
|---|---|---|
| Rating | 4.5/5 | 4.8/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Skype
Telegram
Whatsapp
Messenger
Facebook
Instagram
Twitter
LinkedIn
YouTubeIFC Markets
Customers highly rate the technical support of IFC Markets for its rapid and professional service, though it is unavailable 24/7.
LiteFinance
LiteFinance's technical support is prompt and professional in addressing issues, providing timely assistance.
Pros
- Multiple communication channels: email, Skype, Telegram, and phone.
- Support service availability 24/5.
- Quick response to user inquiries.
Cons
- Lack of 24/7 support.
