Your capital is at risk. Trade only with funds you can afford to lose.
IC
#4 in our CFD broker rankings
Accepts traders from Maldives
Rating breakdown
- Regulation & trust4.61.2 higher than LiteFinance (3.4)
- Assets & markets4.10.5 higher than LiteFinance (3.6)
- Fees & costs4.61.1 higher than LiteFinance (3.5)
- Platforms & tools4.00.1 higher than LiteFinance (3.9)
- Accounts & banking4.00.2 higher than LiteFinance (3.8)
- Education3.50.2 higher than LiteFinance (3.3)
- Research4.00.7 higher than LiteFinance (3.3)
- Customer support4.51.2 higher than LiteFinance (3.3)
LiteFinance’s score. Numbers show the difference.
LiteFinance
#25 in our CFD broker rankings
Accepts traders from Maldives
Rating breakdown
- Regulation & trust3.41.2 lower than IC (4.6)
- Assets & markets3.60.5 lower than IC (4.1)
- Fees & costs3.51.1 lower than IC (4.6)
- Platforms & tools3.90.1 lower than IC (4.0)
- Accounts & banking3.80.2 lower than IC (4.0)
- Education3.30.2 lower than IC (3.5)
- Research3.30.7 lower than IC (4.0)
- Customer support3.31.2 lower than IC (4.5)
IC’s score. Numbers show the difference.
| IC | LiteFinance | |
|---|---|---|
| Overview | IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries. | LiteFinance is an offshore-regulated broker with 55 forex pairs and a range of international stocks as well as a smaller list of indices, commodities and cryptocurrencies. With support for the MetaTrader 4 and MetaTrader 5 platforms as well as a proprietary mobile app, there is a good selection of tools available. The broker offers a Classic commission-free account as well as an ECN account with spreads starting from zero and a commission per lot. |
| Customer Reviews | Based on 3 customer reviews | Based on 1 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.” | “LiteFinance will suit traders seeking a long-standing broker to trade forex, stocks, commodities, indices, cryptocurrencies, and newer assets like equity perpetuals. The social trading system will also suit investors looking to learn from seasoned traders, though careful risk controls are required when copy trading.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $200 | $10 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | ASIC, CySEC, FSA, SCB, CMA-Kenya | FSC |
| Margin Trading | Yes | Yes |
| STP Account | No | No |
| ECN Account | Yes | Yes |
| DMA Account | Yes | Yes |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | No | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | IC deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they've managed to maintain the lightning-fast execution speed IC Markets (now just IC) is known for, right within the apps. It's a seamless trading experience that feels both professional and highly responsive. | – |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy. | LiteFinance offers a forex copy trading solution with hundreds of master traders. Simply decide how long you want to invest for and the amount, for example, $500 for three months. |
| Social Trading | Yes | Yes |
| Trade Signals | Yes | Yes |
| VPS Hosting | Yes | Yes |
| Tournaments | No | No |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | – |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC ensures optimal conditions for scalpers, hedgers, and algo traders alike. | CFDs are available on a breadth of assets including stocks, ETFs, indices, commodities and cryptocurrencies with both zero-commission and low-commission, tight spread accounts available. LiteFinance also offers high leverage of up to 1:1000, providing significant trading opportunities. |
| Leverage | 1:5000 | 1:1000 (Crypto 1:50) |
| FTSE Spread | 1.0 | 0.8 |
| GBPUSD Spread | 0.23 | 0.8 |
| Oil Spread | 0.03 | 5.5 |
| Stocks Spread | 0.02 | Variable |
| Forex Trading | ||
| Overview | IC maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot. | With 55 forex pairs and cross pairs available, including a good selection of minors and exotics, LiteFinance is a good option for forex traders. Although it falls short of some competitors who offer 70 or 80+ forex assets, it offers excellent trading platforms and tools including a VPS. |
| GBPUSD Spread | 0.23 | 0.8 |
| EURUSD Spread | 0.1 | 0.2 |
| EURGBP Spread | 0.27 | 0.5 |
| Assets | 75 | 55 |
| Cryptocurrency | ||
| Overview | IC offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access leverage in the MetaTrader platforms. | LiteFinance offers a growing selection of 70+ cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade. |
| Spread | BTC 42.036 | From 0.1 |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |