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DMMFX vs LiteForex (Europe)
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, DMMFX currently holds a stronger overall rating (3.5) than LiteForex (Europe) (3.1).
DMMFX has a higher minimum deposit than LiteForex (Europe), at 200.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
DMMFX offers a minimum lot size of 0.1 and a maximum lot size of 20.0, while LiteForex (Europe) offers 0.01 and 100.0.
DMMFX offers a lower maximum leverage of 1:600, whereas LiteForex (Europe) allows trading with up to 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 200.0 | 1.0 |
| Commission | 0.0 | 2.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 20.0 | 100.0 |
| Spread | Fixed | Variable |
| Broker type | STP, Market Maker | ECN |
| Maximal leverage (1:?) | 600 | 1000 |
| Availability | STP, Market Maker | ECN |
| Regulation | ASIC (Australia) | CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4), Mobile Platform | MetaTrader 4 (MT4), Mobile Platform, Currenx, MT4 (via bridge) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill, FasaPay | Wire Transfer, Credit Card, Debit Card, Cash, Moneybookers, Western Union, WebMoney, Neteller, Skrill, Okpay, Mayzus FS, Internal transfer, Money Polo, Local Deposits, Qiwi |
| Account Currency | USD, GBP, EUR, NZD, AUD | USD, GBP, EUR, CHF, JPY, NZD, CAD, PLN, AUD, RUB, CZK |
| Languages | English, Japanese, Mandarin, Chinese, Indonesian, Arabic | English, Spanish, French, German, Portuguese, Italian, Russian, Chinese, Polish, Indonesian, Malay, Thai, Arabic, Vietnamese |
| Country | Australia | Cyprus |
| Trading platform(s) timezone | Australia | United Arab Emirates, Armenia, Benin, Belarus, China, Georgia, Indonesia, India, Cote dIvoire, Kyrgyzstan, Kazakhstan, Mongolia, Mexico, Nigeria, Pakistan, Philippines, Russia, Togo |
| Other trading instruments | Commodities, CFDs | Stocks, Futures, Indices, Commodities, Energies, Shares, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
