LiteFinance vs FBS Broker Comparison
If you are reading this article, you’re likely having trouble deciding whether LiteFinance or FBS is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this LiteFinance vs FBS review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- LiteFinance vs FBS - Verdict
| Feature | LiteFinance (visit site) | FBS (visit site) |
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| Headquarter: | Marshall Islands | Belize |
Regulation : | None | CySEC, IFSC |
Type of Broker: | Market Maker,ECN/STP | Market Maker |
U.S. Clients Allowed: | ||
Minimum Deposit: | 50 to open an account, 10 afterwards | $10 for Cent Accont/$100 for Standard Account |
Maximum Leverage: | 1:500 | 1:3000 |
Commissions / Spreads: | Spreads, Commission | Spreads |
Account 1: | Classic | Cent Account |
Account 2: | ECN | Standard Account |
Account 3: | ||
Account 4: | ||
Demo Account: | ||
Islamic Account: | ||
Segregated Account: | ||
Managed Accounts: | ||
Institutional Accounts: | ||
Website Languages: |
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Support Hours: | 24/5 | 24/7 |
E-mail Support: | ||
SMS Support: | ||
Chat: | ||
Broker Offers: |
English
SpanishFeatures and Platforms
Since 2005, LiteFinance has changed the status quo, becoming the first Forex broker to offer cent accounts from $1. It provides traders with out-of-the-box MT4/MT5 trading platforms, high leverage, contests and a proprietary social trading platform. The auto-withdrawal service is a unique feature. LiteFinance also offers VPS hosting and quality research with limited educational content. FBS caters to clients since 2009, offering MT4/MT5, plus its proprietary mobile app. It also notes almost 17 million trades, making it one of the largest communities. FBS also maintains excellent research and education, high leverage, and generous bonuses.
| Feature | LiteFinance | FBS |
| Type of Platform: | MetaTrader 4, MetaTrader 5, Web-based | MetaTrader 4, MetaTrader 5 |
Platform Languages: |
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OS Compatibility: |
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Trading Signals: | ||
Charting Package: | ||
Market Analysis: | ||
Chart Trading: | ||
Automated Trading: | ||
Scalping: | ||
Hedging: | ||
Mobile Alerts: | ||
Trailing Stops: | ||
Guaranteed Stop Loss: | ||
Guaranteed Limit Orders: | ||
Guaranteed Execution: | ||
One-click Execution: | ||
Interest on Margin: | ||
Web-based Trading: | ||
Mobile Trading: |
Windows
iPhoneAvailable Markets
The asset selection at LiteFinance consists of an average of 56 currency pairs but an above-average 16 cryptocurrency pairs. It also offers a disappointing six commodities, nine index CFDs, and 47 equity CFDs. Traders at FBS have access to only 37 currency pairs, a lacking choice, and no cryptocurrencies. With nine commodities, eleven index CFDs, and 66 equity CFDs, the available markets remain below average. While neither LiteFinance nor FBS presents a broad choice of assets, they suffice for beginner traders to learn how to trade. LiteFinance takes the lead in this category, with a more balanced selection.
| Feature | LiteFinance | FBS |
ETFs: | ||
CFDs: | ||
Commodities: | ||
Metals: | ||
Stocks: | ||
Oil: | ||
Gold: | ||
Binary Options: | ||
Indices: |
Typical Spreads and Fees
LiteFinance commission-free costs commence from 1.8 pips or $18 per 1.0 lot, triple that of competitive offers. While it presents a commission-based alternative with spreads from 0.0 pips, commissions range between $10 and $30 per lot. FBS presents traders with a commission-free mark-up of 0.5 pips or $5 per lot. It has two commission-based accounts, neither one acceptably priced. Traders may trade with a spread from 0.0 pips for a commission of $20 or 1.0 pips for $6 for a total of $16. Swap rates on leveraged overnight positions and third-party payment fees apply at both.
Security and Trust
As a broker operating out of St.Vincent and the Grenadines, where the FSA publicly does not regulate brokers, LiteFinance remains an unregulated but duly registered entity. Regrettably, traders must entirely rely on the 15+ years of experience plus the LiteFinance reputation, as it fails to offer additional security features. FBS operates with a regulatory license under oversight from the Belize International Financial Services Commission (IFSC). It emerged as one of the most competitive regulators with many trusted ones under its framework, free of misconduct and malpractice. Client deposits remain segregated at both, and negative balance protection exists.
LiteFinance vs FBS – Verdict
Operating as an unregulated broker, LiteFinance established a trustworthy reputation over the past 15+ years. It presents traders with an auto-withdrawal service and research from Claws & Horns. The social trading platform caters well to traders looking to copy positions from others. Traders must accept a cost structure, which at LiteFinance can be three times as high as competitive offers. LiteFinance pays 2.5% annually in the ECN account, presents traders with a low minimum deposit and high leverage, but the asset selection remains limited. FBS has fewer assets but maintains a visible advantage concerning trading costs, ranking among the most competitive brokers. While only the core MT4/MT5 trading platforms are available at both brokers, FBS developed a proprietary mobile app. Traders also have access to high leverage, low minimum deposit requirements, and excellent research and education. FBS remains a better choice due to lower trading costs.
Both brokers have more than 10+ years of experience, but FBS remains regulated versus the unregulated nature of LiteFinance. While both present a safe trading environment, FBS pulls ahead amid enforceable security measures.
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