IG 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 IG and LiteFinance
| Broker | IG | LiteFinance |
|---|---|---|
| Rating | 4.1/5 | 4.1/5 |
| Foundation Year | 1973 | 2004 |
| Regulated in Countries | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates | Saint Vincent and the Grenadines, Cyprus |
| Minimum Deposit |
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| Spread | from 0.165 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | IG Review | LiteFinance Review |
Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.
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.
IG Review
IG is a highly regulated broker with licenses from reliable financial authorities, providing clients with high funds protection. Thanks to narrow spreads, traders can effectively manage their costs and increase the profitability of their operations. Quality trading platforms and advanced analytical tools support informed trading decisions, while extensive educational resources make IG attractive to traders of all experience levels.
Pros and Cons of IG
Pros
- Licenses from regulators with a high level of credibility.
- Tight spreads.
- A variety of markets and products.
- Extensive set of analytical tools and content.
- Quality educational resources for different levels of traders.
Cons
- Limited choice of trading accounts.
- High trading fee on DMA account.
- Inactivity fee.
- Limited choice of payment methods.
IG 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 | IG | LiteFinance |
|---|---|---|
| Reliability | 5/5 | 4/5 |
| Foundation Year | 1973 | 2004 |
| Regulated in Countries | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates | Saint Vincent and the Grenadines, Cyprus |
| Regulators | FCA FCA BMA BMA BaFin BaFin FSAN FSAN AFM AFM CONSOB CONSOB CNMV CNMV ACPR ACPR FI FI FINMA FINMA NFA NFA CFTC CFTC ASIC ASIC NZ FMA NZ FMA JFSA JFSA JFFA JFFA MAS MAS FSCA FSCA DFSA DFSA | SVGFSA SVGFSA CySEC CySEC |
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
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 | IG | LiteFinance |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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IG
The account opening process is simple, fast, and convenient for traders of any experience level.
Pros
- No minimum deposit required.
- Quick registration process (5-10 minutes).
Cons
- Necessity to provide extensive personal and financial information.
- Verification may take a couple of days.
- There is a possibility of being denied account opening.
LiteFinance
Account opening at LiteFinance is user-friendly and straightforward, with a direct verification process.
Account Types
| Broker | IG | LiteFinance |
|---|---|---|
| Account Types | 2.5/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.165 points | from 0 points |
| Max Leverage | 1:200 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
IG
IG offers a limited selection of accounts, meeting the basic needs of traders, but not accommodating specific requirements.
Pros
- Availability of DMA account for professional traders.
- Premium service offered for high-value clients.
- Free demo account for practice and training.
Cons
- Absence of Islamic and investment accounts.
- No fixed spread accounts and cent accounts.
LiteFinance
LiteFinance offers a variety of account types and diverse services, capable of satisfying the needs of different categories of traders.
Commissions
| Broker | IG | LiteFinance |
|---|---|---|
| Commissions | 3/5 | 1.5/5 |
| Spread | from 0.165 points | from 0 points |
| Average Spread (EURUSD) | 1.1 | 2 |
| Commission per Lot | $6.48 | $5 |
IG
IG provides an average level of commissions, with low spreads but high transaction fees on DMA accounts.
Pros
- Low spreads.
- No fees for deposits/withdrawals.
Cons
- High transaction fee on DMA account.
- Inactivity fee.
- Currency conversion fee and guaranteed stop fee.
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 | IG | LiteFinance |
|---|---|---|
| Rating | 3.7/5 | 5/5 |
| Account Funding Methods |
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IG
Broker IG offers an average level of services for deposits/withdrawals, not charging a fee, but has limitations on available methods.
Pros
- No commission for funding and withdrawal.
- PayPal available as a deposit/withdrawal option.
- Transparent information about limits.
Cons
- Absence of cryptocurrencies and most electronic wallets.
- Withdrawal processing time can take up to 5 business days.
- Restrictions on the minimum withdrawal amount.
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 | IG | LiteFinance |
|---|---|---|
| Markets and Products | 5/5 | 4.2/5 |
| Forex | 99 | 57 |
| Precious Metals | 11 | 5 |
| Energy Carriers | 9 | 3 |
| Soft Commodities | 20 | 5 |
| Indices | 46 | 15 |
| Stocks | 13000 | 443 |
| ETF | 5400 | - |
| Bonds | 19 | - |
| Cryptocurrency | 15 | 63 |
IG
IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.
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 | IG | LiteFinance |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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IG
IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.
LiteFinance
LiteFinance offers proven cTrader, MT4, and MT5 platforms, and a convenient web terminal.
Analytics
| Broker | IG | LiteFinance |
|---|---|---|
| Rating | 5/5 | 5/5 |
IG
IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.
LiteFinance
LiteFinance's website features a variety of useful analytical tools, providing comprehensive support for traders.
Education
| Broker | IG | LiteFinance |
|---|---|---|
| Rating | 5/5 | 5/5 |
IG
IG offers high-quality and comprehensive educational materials suitable for traders of various levels.
LiteFinance
LiteFinance offers a variety of educational materials that contribute to the development of traders' skills at all levels.
Customer Support
| Broker | IG | LiteFinance |
|---|---|---|
| Rating | 5/5 | 4.8/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
Facebook
LinkedIn
YouTube
Skype
TelegramIG
IG provides fast and professional support.
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.
