IC Markets vs LiteForex - Fees Review included
Which broker is better IC Markets or LiteForex? Our expert assessment conducted according to TU’s own methodology showed that IC Markets is one of the top brokers in the financial market with the TU Overall Score of 7.46 out of 10. LiteForex is one of the top brokers in the financial market with the TU Overall Score of 7.87 out of 10. Find out more about TU Overall Score.
| Feature | IC Markets | LiteForex |
|---|---|---|
Overall |
4.7 |
4.4 |
5 |
4.8 |
|
4.9 |
3.7 |
|
4.6 |
3.8 |
|
Investment Instruments |
4.9 |
4.5 |
Platforms and Charting Tools |
4.4 |
4.5 |
Deposit and Withdrawal |
4.6 |
5 |
Research |
4.3 |
4 |
Education |
4.4 |
4.4 |
Support |
4.6 |
4.7 |
Bonuses |
2.5 |
4.1 |
|
|
|
IC Markets vs LiteForex: Pros and Cons
IC Markets Trading Company was founded in 2007 in Sydney, Australia. The broker is licensed under the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). The broker is also a member of the Australian Financial Complaint Authority (AFCA), the governing body that sets the industry standard for the resolution of disputes between consumers and financial service providers, and regularly undertakes audits.
The LiteForex broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers.
| IC Markets | LiteForex | |
|---|---|---|
| Overall Pros | World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 | Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions |
| Advanced ECN trading | ||
| Order execution speed 40 mc | ||
| Free VPS | ||
| Trading servers in New York and London | ||
| Strong regulation | ||
| 2000+ trading assets, 60+ currency pairs | ||
| EURUSD Average spread 01 pip | ||
| Overall Cons | No forex bonuses | |
| World biggest Forex broker, over 180,000 clients and $1.11 trln monthly turnover in 2022 |
IC Markets vs LiteForex: Safety and Regulation
| IC Markets | LiteForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 |
€20,000 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
IC Markets vs LiteForex: Trading Conditions
| Trading Conditions | IC Markets | LiteForex |
|---|---|---|
Minimum Deposit |
$200 |
$50 |
Trading Platforms |
MT4, MT5, cTrader |
MT4, MT5, MultiTerminal, Sirix Webtrader |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
Forex, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
2000+ |
200+ |
Trading Accounts |
cTrader, Raw Spread, Standard |
Demo, Classic, ECN |
Base Account Currencies |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
USD, EUR, CHF, MBT |
IC Markets vs LiteForex: Fees
| IC Markets | LiteForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,8 |
1,8 |
Standard acc. spread EUR/USD, max pips |
1,0 |
2,0 |
ECN Commission |
3,5 |
2,5 |
ECN Spread EUR/USD |
0,1 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
IC Markets vs LiteForex: Trading Assets
| Asset Name | IC Markets | LiteForex |
|---|---|---|
Overall |
2000+ trading assets |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
IC Markets or LiteForex: Investment Programs
| Asset Name | IC Markets | LiteForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: LiteForex or IC Markets
| IC Markets | LiteForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
IC Markets terminal |
No |
Others |
No |
SiriX Webtrader |
|
|
|
IC Markets vs LiteForex: Deposit and Withdrawal Methods
| IC Markets | LiteForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
IC Markets vs LiteForex: Research
| Research Type | IC Markets | LiteForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
IC Markets vs LiteForex: Education
| Education Type | IC Markets | LiteForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
LiteForex vs IC Markets: Support
| Support Features | IC Markets | LiteForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger, Telegram |
IC Markets vs LiteForex: Forex Bonuses and Promo
| Promo | IC Markets | LiteForex |
|---|---|---|
Forex Bonus |
Not offered |
No |
Affiliate Program |
% of trading commissions |
This multilevel affiliate program allows you to get remuneration up to $50 for each client (referral) + 10% of the sub-partner's profit. |
Other Promos |
ZERO Fees — reimbursement to the trading account by the debited payment system for the transfer of a commission via replenishment or withdrawal |
|
|
|
|
Top 5 Reviews on LiteForex
-
Comment
I have been working with LiteForex (LiteFinance) for a little over a year. I was attracted by the low minimum deposit of $50 and the ability to trade via MetaTrader 4 and 5, as well as their proprietary platform. I haven’t encountered any major surprises — the conditions are transparent: leverage up to 1:500, and ECN spreads starting from 0 pips. Deposits and withdrawals are fast; I mostly use WebMoney and bank cards. The mandatory verification process can be a bit frustrating — it’s not the simplest. During my time with them, I managed to earn about $300, but what impressed me more was the Social Trading system, where you can copy other traders’ deals.
-
Comment
I liked that LiteForex offers its own platform with built-in analytics and a library of indicators. The personal account interface makes it easy to customize charts, view signals, and use trading ideas from Claws&Horns. The broker also reimburses payment system fees when funding the account — a small detail, but a nice touch. Overall, the trading conditions are competitive, especially considering access to cryptocurrencies and a stop-out level of 20%.
-
Comment
I trade actively on the ECN account - here the spread is from 0 pips, commissions per lot are calculated separately. The broker returns up to 70% of the spread via MOFT, and the client receives 80% of this amount. On average, 0.05 points of compensation on the euro-dollar is received daily, which can give $100+ for a month with active trading. For those who work with large volumes, this is a great way to reduce costs.
-
Comment
In my opinion, LiteFinance has one of the most well-designed partnership programs. There's a CPS model with payouts of up to $50 per client registration, plus 10% of the earnings from sub-partners. Partners can set their own cashback rates — up to 90%. There's also a "Regional Representative" status, offering payouts starting from $15 for each trade made by a referred client. All of this helps build not only a trading strategy but also a stable source of additional income.
-
Comment
I chose LiteFinance because of its user-friendly platform and wide support for payment systems. The minimum deposit starts at $50, and the spread on the Classic account begins from 1.8 pips. Leverage up to 1:500 provides more flexibility in capital management. It's important that you can trade not only currencies, but also stocks, funds, and cryptocurrencies. The 100% margin call level requires careful risk calculation. Execution and withdrawals have been stable — no complaints so far.
Top 5 Reviews on IC Markets
-
Comment
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
-
Comment
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
-
Comment
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
-
Comment
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.