Liverpool have eighteen Football League First Division titles, four Second Division titles, and one Lancashire League title.
Liverpool have won the FA Cup seven times, and the League Cup seven times. They have won the Charity Shield / Community Shield a total of fifteen times, ten outright and five shared with other teams.
They have won the Super Cup on one occasion.
They have won the European Cup and Champions League on five occasions, the UEFA Cup three times, and the UEFA Super Cup three times.
It is Manchester United.
Liverpool as of March 2012
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By 2012, Liverpool FC had won 5 trophies through penalty shootout triumphs, becoming the first club to achieve this. The trophies are League Cup (2), FA Cup (1) and European Cup(2).
Manchester United have won more trophies then Liverpool since 2000.
See the link below as it details all trophy wins by Liverpool
Liverpool FC, because of the amount of trophies in the Liverpool FC trophy cabinet, and due to the fact that Liverpool FC are a Premier League team and Peterborough FC are a Championship team, Liverpool FC are a better team. However, this is partially because they have a bigger budget and higher profile than Peterborough FC, Liverpool FC being an internationally recognised team. But who knows, Peterborough have a lot of good players and may get to Premier League level yet! Also the fact that the infrastructure of the ground and the amount of new faces we are seeing at Peterborough. you can just think how their future may just look.
It is not Liverpool FC, it is in fact Glasgow Rangers FC as they have won over 110 trophies including 52 domestic league titles.Real Madrid CF, Boca Juniors and Penarol has won the most trophies.
Barcelona have more trophies then Chelsea by miles.