XM vs LiteForex - Fees Review included
Which broker is better XM or LiteForex? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9 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 | XM | LiteForex |
|---|---|---|
Overall |
4.5 |
4.4 |
4.9 |
4.8 |
|
4.3 |
3.7 |
|
4.4 |
3.8 |
|
Investment Instruments |
4.4 |
4.5 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
5 |
Research |
5 |
4 |
Education |
5 |
4.4 |
Support |
4.6 |
4.7 |
Bonuses |
5 |
4.1 |
|
|
|
XM vs LiteForex: Pros and Cons
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
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.
| XM | LiteForex | |
|---|---|---|
| Overall Pros | Well-Regulated broker | 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 |
| Strong research tools | ||
| Strong education | ||
| Big Forex bonuses | ||
| Free deposit and withdrawal | ||
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads |
XM vs LiteForex: Safety and Regulation
| XM | LiteForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
€20,000 |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
XM vs LiteForex: Trading Conditions
| Trading Conditions | XM | LiteForex |
|---|---|---|
Minimum Deposit |
$5 |
$50 |
Trading Platforms |
MT4, MT5 |
MT4, MT5, MultiTerminal, Sirix Webtrader |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-500 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, assets of stock and commodity markets, cryptocurrencies |
Trading assets |
1300+ |
200+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Demo, Classic, ECN |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, CHF, MBT |
XM vs LiteForex: Fees
| XM | LiteForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
1,8 |
Standard acc. spread EUR/USD, max pips |
1,2 |
2,0 |
ECN Commission |
3,5 |
2,5 |
ECN Spread EUR/USD |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs LiteForex: Trading Assets
| Asset Name | XM | LiteForex |
|---|---|---|
Overall |
1300+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
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 |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or LiteForex: Investment Programs
| Asset Name | XM | LiteForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: LiteForex or XM
| XM | LiteForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
SiriX Webtrader |
|
|
|
XM vs LiteForex: Deposit and Withdrawal Methods
| XM | LiteForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs LiteForex: Research
| Research Type | XM | LiteForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
XM vs LiteForex: Education
| Education Type | XM | LiteForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
LiteForex vs XM: Support
| Support Features | XM | LiteForex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger, Telegram |
XM vs LiteForex: Forex Bonuses and Promo
| Promo | XM | LiteForex |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
No |
Affiliate Program |
Multi tier affiliate program |
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 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.
-
Comment
LiteForex has really impressed me with its commitment to the A-Book model and the use of advanced STP and ECN technologies for processing client orders. Pin spreads and instant market execution with minimal slippage in both directions make trading more transparent and efficient. This allows me to have confidence in the integrity and reliability of trades. I especially appreciate the speed and accuracy of order execution, which greatly improves my trading experience. LiteForex is an excellent choice for those who are looking for a broker with high standards of work and advanced technologies.
Top 5 Reviews on XM
-
Comment
I've been trading with XM Group for just over a year. I chose this broker based on reviews and the fact that it holds multiple licenses — ASIC, CySEC, FSC, and DFSA. I really liked the low minimum deposit of just $5, which meant I didn’t have to risk a large amount. I started with a micro account where 1 lot equals 1,000 units — perfect for beginners. I’m satisfied with the spreads: on EUR/USD they start from 0.8 pips, and there are no fees for deposits or withdrawals, which is quite rare. Over the year, I’ve withdrawn about $900 in profit — the funds arrived quickly, with a maximum wait of 2 days.
-
Comment
XM Group is a great choice for active trading thanks to its transparent commission policy and no requotes. Over 5 million traders have chosen this broker — an impressive number. I made about 70 trades in a month, all executed in under a second with no requotes. MQL5 trading signals can be integrated directly into the terminal, making it easy to test ideas from other traders. A $5 minimum deposit and a wide range of assets make XM Group a versatile option for both beginners and professionals.
-
Comment
I liked that XM Group operates under licenses from four regulators at once: ASIC, CySEC, FSC, and DFSA. This inspires confidence. Fast execution was important to me — the broker claims 100% order execution, and in practice trades close at the prices I see in the terminal. Spreads are minimal — for major pairs they stay around 0.8–1 pip. Support is always available on weekends and helped me with account verification questions.
-
Comment
I chose XM Group for their professional approach to order execution. They have a stop-out set at 20%, which helps keep risks under control. I use a micro account with a 0.01 lot size, making it convenient to test scalping strategies on real quotes. Withdrawals are processed within the day, and I’ve never experienced delays. The minimum deposit of $5 is an ideal start for beginners.
-
Comment
One of XM Group’s strengths is its wide range of instruments. The platform offers over 1,000 assets, including more than 55 currency pairs, metals, indices, commodities, and stocks. Personally, I often use MetaTrader 5 and appreciate the depth of market and fast price feeds. XM Group charges no commissions for deposits and withdrawals, and all payments are processed quickly. Customer support responds to inquiries during business hours — that’s another definite plus.
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.