Compare LMFX vs Land-FX
What is LMFX? What is Land-FX?
LMFX is an online broker that offers forex, commodities, shares, metals and more trading services through the MT4 platform. It is not regulated by any authority and has a high leverage of up to 1:1000.
Land-FX is also an online broker that offers forex and CFDs trading services through the MT4/5 platform. It is regulated by the Finance Services Authority (FSA) of Seychelles and has a lower leverage of up to 1:200.
LMFX vs Land-FX Regulation Comparison
LMFX is not regulated by any authority, which means it does not have to comply with any rules or standards regarding client protection, fund segregation, or dispute resolution. This poses a high risk for traders who may not be able to recover their funds in case of insolvency or fraud.
Land-FX is regulated by the FSA of Seychelles, which is a reputable offshore regulator that requires brokers to maintain a minimum capital of $50,000, keep client funds in segregated accounts, and submit regular reports. However, the FSA does not offer any compensation scheme or ombudsman service for traders who have complaints or disputes with their brokers.
LMFX vs Land-FX Trading Assets Comparison
LMFX offers a wider range of trading assets than Land-FX, including forex, commodities, indices, CFDs on stocks, and cryptocurrencies. LMFX has over 250 financial instruments available for trading.
Land-FX only offers forex and CFDs trading, with no cryptocurrencies or stocks. Land-FX has over 70 currency pairs and 10 CFDs on indices and commodities
LMFX vs Land-FX Trading Fees Comparison
LMFX has lower spreads than Land-FX, starting from 0.9 pips for the Standard account and 0 pips for the ECN account. However, LMFX charges a commission of $0.3 per lot for the ECN account, which adds to the trading cost.
Land-FX has higher spreads than LMFX, starting from 1.3 pips for the Standard account and 0.2 pips for the ECN account. Land-FX does not charge any commission for either account type, which makes the trading cost more transparent.
LMFX vs Land-FX Account Types Comparison
LMFX offers three account types: Standard, ECN, and Swap-free. The minimum deposit for the Standard and Swap-free accounts is $10, while the minimum deposit for the ECN account is $1000. The leverage for the Standard and Swap-free accounts is up to 1:1000, while the leverage for the ECN account is up to 1:500.
Land-FX also offers three account types: Standard, ECN, and Swap-free. The minimum deposit for all account types is $10. The leverage for all account types is up to 1:200.
LMFX vs Land-FX Deposit Options Comparison
LMFX offers various deposit and withdrawal methods, including credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, VLoad, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, USDTether. LMFX does not charge any fees for deposits or withdrawals.
Land-FX also offers various deposit and withdrawal methods, including credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, Perfect Money, Bitcoin. Land-FX does not charge any fees for deposits or withdrawals either.
LMFX vs Land-FX Trading Platforms Comparison
LMFX only supports the MT4 platform for desktop and mobile devices. MT4 is a popular and user-friendly platform that offers advanced charting tools, indicators, expert advisors, and automated trading features.
Land-FX supports both the MT4 and MT5 platforms for desktop and mobile devices. MT5 is an upgraded version of MT4 that offers more instruments, order types, timeframes, indicators, and analytical tools.
LMFX vs Land-FX Analytical Tools Comparison
LMFX provides some analytical tools for traders, such as one-click trading, economic calendar, trading calculators, VPS hosting (for $20 per month or free with a deposit of $5000), and daily market analysis.
Land-FX also provides some analytical tools for traders, such as one-click trading, economic calendar, VPS hosting (for $25 per month or free with a deposit of $2500), and daily market analysis.
LMFX vs Land-FX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. However, here are some factors that you may want to consider:
- Regulation: If you value security and protection, you may prefer Land-FX over LMFX, as Land-FX is regulated by the FSA of Seychelles, while LMFX is not regulated by any authority. However, you should also be aware that the FSA does not offer any compensation scheme or ombudsman service for traders who have complaints or disputes with their brokers.
- Trading Assets: If you want to diversify your portfolio and trade a variety of instruments, you may prefer LMFX over Land-FX, as LMFX offers a wider range of trading assets than Land-FX, including forex, commodities, indices, CFDs on stocks, and cryptocurrencies. However, you should also be aware that trading cryptocurrencies involves high volatility and risk.
- Trading Fees: If you want to minimize your trading cost and avoid hidden charges, you may prefer Land-FX over LMFX, as Land-FX has higher spreads but does not charge any commission for either account type. However, you should also be aware that spreads may vary depending on market conditions and liquidity.
- Account Types: If you want to have more flexibility and leverage in your trading, you may prefer LMFX over Land-FX, as LMFX offers three account types with different minimum deposits and leverage levels. However, you should also be aware that higher leverage also means higher risk.
- Deposit and Withdrawal Options: If you want to have more convenience and speed in your transactions, you may prefer either broker, as both LMFX and Land-FX offer various deposit and withdrawal methods with no fees . However, you should also be aware that some methods may have longer processing times or require verification .
- Trading Platforms: If you want to have more features and functionality in your trading platform, you may prefer Land-FX over LMFX, as Land-FX supports both the MT4 and MT5 platforms for desktop and mobile devices. However, you should also be aware that MT5 is not compatible with some MT4 indicators and expert advisors.
Ultimately, the best forex broker for you is the one that suits your trading style and needs. You may want to do more research and compare other aspects of LMFX and Land-FX before making a decision. You can also try their demo accounts to test their services and platforms.
