Compare AMarkets vs LMFX
What is AMarkets? What is LMFX ?
AMarkets is an online broker that provides trading services in forex, CFDs, stocks, indices, commodities and cryptocurrencies since 2007. It is a member of the Financial Commission, an independent external dispute resolution organization that protects the interests of its clients up to €20,000 per claim.
LMFX is an online broker that offers trading services in forex, CFDs, indices, commodities and metals since 2015. It claims to be a reputable broker with no commissions or hidden fees, and to offer some of the best trading conditions in the industry, such as high leverage, low spreads and fast execution.
AMarkets vs LMFX Regulation Comparison
Neither AMarkets nor LMFX are regulated by any major financial authority or jurisdiction. AMarkets is registered in Saint Vincent and the Grenadines under the name AM Globe Services Ltd, while LMFX is registered in North Macedonia under the name Global Trade Partners Ltd. Both brokers rely on the Financial Commission as their main source of external dispute resolution and client protection.
AMarkets vs LMFX Trading Assets Comparison
AMarkets offers a wider range of trading assets than LMFX, as it includes stocks, ETFs and cryptocurrencies in addition to forex, CFDs, indices and commodities. According to their websites, here are the number of instruments available for each asset class:
| Asset Class | AMarkets | LMFX |
|---|---|---|
| Forex | 44 | 47 |
| CFDs | 18 | 9 |
| Indices | 16 | 11 |
| Commodities | 18 | 8 |
| Stocks | 427 | – |
| ETFs | 19 | – |
| Cryptocurrencies | 27 | – |
AMarkets vs LMFX Trading Fees Comparison
Both brokers charge variable spreads depending on the account type and market conditions. AMarkets offers three account types: Standard, Fixed and ECN, while LMFX offers three account types: Premium, Fixed and Zero. Here are the minimum spreads for each account type according to their websites:
| Account Type | AMarkets | LMFX |
|---|---|---|
| Standard/Premium | From 1.3 pips | From 1 pip |
| Fixed | Fixed at 3 pips | Fixed at 1.8 pips |
| ECN/Zero | From 0.2 pips | From 0 pips |
Both brokers also charge commissions for some account types and services. AMarkets charges commissions for ECN accounts ($2.5 per lot per side) and for cryptocurrency trading (0.5% per trade). LMFX charges commissions for Zero accounts ($8 per lot round turn) and for VPS hosting ($20 per month or free with $5,000 deposit).
AMarkets vs LMFX Account Types Comparison
Both brokers offer three account types with different features and requirements. Here are some of the main differences between them:
- Minimum deposit: AMarkets requires a minimum deposit of $100 for all account types, while LMFX requires a minimum deposit of $50 for Premium and Fixed accounts, and $100 for Zero accounts.
- Maximum leverage: AMarkets offers a maximum leverage of 1:1000 for Standard and Fixed accounts, and 1:200 for ECN accounts. LMFX offers a maximum leverage of 1:1000 for all account types.
- Account currency: AMarkets allows clients to choose between EUR, USD or BTC as their account currency, while LMFX only allows USD as the account currency.
- Bonus offerings: AMarkets offers a 100% credit bonus or a 15% recovery bonus for eligible deposits, while LMFX offers a 100% credit bonus or a phoenix recovery bonus (15% recovery bonus + additional credit bonus) for eligible deposits.
AMarkets vs LMFX Deposit Options Comparison
Both brokers offer a variety of payment methods to deposit and withdraw funds from their accounts. However, there are some differences in terms of fees, processing times and availability. Here are some of the main payment methods offered by each broker:
| Payment Method | AMarkets | LMFX |
|---|---|---|
| Bank Wire Transfer | Available, no fees, 3-5 business days | Available, fees may apply, 2-15 business days |
| Credit/Debit Card | Available, no fees, instant | Available, no fees, instant |
| Skrill | Available, no fees, instant | Available, no fees, instant |
| Neteller | Available, no fees, instant | Available, no fees, instant |
| FasaPay | Available, no fees, instant | Available, no fees, instant |
| Bitcoin | Available, no fees, up to 24 hours | Not available |
| Litecoin | Available, no fees, up to 24 hours | Not available |
| Ethereum | Available, no fees, up to 24 hours | Not available |
| VLoad | Not available | Available, fees may apply, instant |
AMarkets vs LMFX Trading Platforms Comparison
Both brokers use MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports a wide range of features and tools for online trading. Some of the advantages of MetaTrader 4 are:
- Supports multiple order types and execution modes
- Provides advanced charting and technical analysis tools
- Allows automated trading with Expert Advisors and custom indicators
- Supports mobile and web trading applications
- Offers a large online community and marketplace
AMarkets vs LMFX Analytical Tools Comparison
Both brokers provide some analytical tools and resources to help their clients make informed trading decisions. Some of the tools and resources offered by each broker are:
- Economic calendar: Both brokers offer an economic calendar that shows the upcoming events and data releases that may affect the markets.
- Trading calculators: Both brokers offer trading calculators that help clients calculate various parameters such as margin, pip value, swap and profit.
- Daily market analysis: Both brokers offer daily market analysis that covers the latest trends and developments in the financial markets.
- VPS hosting: Both brokers offer VPS hosting services that allow clients to run their trading platforms and Expert Advisors on a remote server with low latency and high security.
- Unique trading signals: AMarkets offers unique trading signals that are generated by its own analytical department and are based on technical and fundamental analysis. LMFX does not offer any unique trading signals.
- Partnership program: Both brokers offer partnership programs that allow clients to earn commissions by referring new clients or becoming an introducing broker.
AMarkets vs LMFX . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors. You should do your own research and compare the features and services of different brokers before making a decision. You should also be aware of the risks involved in forex trading and only invest what you can afford to lose. And finally you can choose the most suitable broker.
