Compare forex brokers LiteForex VS Cmc Markets
If you're choosing between LiteForex and Cmc Markets forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is LiteForex better than Cmc Markets? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.LITEFOREX VS CMC MARKETS
CMC Markets Overview
CMC Markets is the award-winning UK based online FX and CFD brokerage firm that was established in 1989. The company is listed in the London Stock Exchange under the ticker CMCX
LiteForex Overview
LiteForex is a global forex and CFD broker located in the Marshall Islands. It offers forex, stock, indices, commodities and cryptocurrencies for trading on its platforms. With 13 years experience in the brokerage industry, LiteForex is an established ECN broker.
| # | Broker's Features | LITEFOREX Availability | CMC MARKETS Availability |
|---|---|---|---|
| # | Commissions | ✔ | ❌ |
| # | Hedging | ❌ | ❌ |
| # | PAMM | ❌ | ❌ |
| # | Scalping | ❌ | ❌ |
| # | Accepts US traders | ❌ | ❌ |
| # | 24 hour trading | ❌ | ❌ |
| # | Swaps | ❌ | ❌ |
| # | Demo account | ✔ | ✔ |
| # | Daily analysis | ❌ | ❌ |
| # | Automated trading | ❌ | ❌ |
| # | Mobile trading | ❌ | ❌ |
| # | Trading by phone | ❌ | ❌ |
| # | 1st deposit bonus | ❌ | ❌ |
| # | Forex contests competitions | ❌ | ❌ |
| # | Bonuses Promotions | ✔ | ❌ |
| # | Interest charges on the balance | ❌ | ❌ |
| # | Free education | ❌ | ❌ |
| # | Expert advisors | ❌ | ❌ |
| # | Partnership programs | ❌ | ❌ |
| # | Trust management | ❌ | ❌ |
| # | 24 hour support | ✔ | ❌ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare LiteForex vs Cmc Markets.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. LiteForex offers Online Financial Trading and Investment Services Such as Currencies, Indices, Stocks, Cryptocurrency, while Cmc Markets offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. LiteForex is ECN, while Cmc Markets is Dealing Desk, Market Maker.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. LiteForex is regulated by CySEC, while Cmc Markets regulated by FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Languages Available: Next lets have a look at each broker's different Language options. LiteForex offers English, Indonesian, Malaysian, Portuguese, Russia, while Cmc Markets offers Arabic, Chinese, Czech, Danish, English, Finnish, Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. LiteForex offers Credit/Debit Cards, Cryptocurrencies, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types, while Cmc Markets offers Credit/Debit Cards, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LiteForex makes MT5 available to clients, while Cmc Markets offers CMC Web Platform.
The Verdict: LiteForex or Cmc Markets?
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Cmc Markets is more reliable based on our criteria above. Cmc Markets has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Cmc Markets has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Cmc Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.