Compare EagleFX vs LMFX
What is EagleFX? What is LMFX?
EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.
LMFX is an online broker that allows institutions and individuals to trade forex, commodities, shares, metals and more. LMFX was founded in 2015 and also uses the MT4 platform. LMFX offers higher leverage up to 1:1000 and various bonuses and contests for its clients.
EagleFX vs LMFX Regulation Comparison
Neither EagleFX nor LMFX are regulated by any reputable authority. This means that both brokers are operating in an unregulated environment and may pose a higher risk for traders. However, both brokers claim to have security measures in place to protect their clients’ funds, such as segregated accounts and encryption.
EagleFX vs LMFX Trading Assets Comparison
EagleFX offers trading on over 200 assets, including 53 currency pairs, 11 commodities, 13 indices, 31 stocks and 33 cryptocurrencies. LMFX offers trading on over 250 assets, including 48 currency pairs, 7 commodities, 11 indices, 81 stocks and 5 cryptocurrencies.
EagleFX vs LMFX Trading Fees Comparison
EagleFX charges no commissions on its trades, but applies a markup on the spreads. The average spread for EUR/USD is 0.2 pips. LMFX charges a commission of $8 per lot on its Zero account, but no commission on its Premium and Fixed accounts. The average spread for EUR/USD is 1.2 pips on the Zero account, 1.5 pips on the Premium account and 2 pips on the Fixed account.
EagleFX vs LMFX Account Types Comparison
EagleFX offers only one type of account, with a minimum deposit of $10 and a maximum leverage of 1:500. LMFX offers three types of accounts: Zero, Premium and Fixed. The minimum deposit for each account is $50, $100 and $250 respectively. The maximum leverage for each account is 1:1000, 1:1000 and 1:400 respectively.
EagleFX vs LMFX Deposit Options Comparison
EagleFX accepts deposits and withdrawals via credit/debit cards, wire transfers, Bitcoin and other cryptocurrencies. There are no fees charged by the broker for any transactions.
LMFX accepts deposits and withdrawals via credit/debit cards, wire transfers, Skrill, Neteller, FasaPay and Bitcoin. There are also no fees charged by the broker for any transactions.
EagleFX vs LMFX Trading Platforms Comparison
Both EagleFX and LMFX use the MetaTrader 4 platform as their main trading platform. MT4 is a popular and user-friendly platform that offers various features such as interactive charts, technical indicators, trading robots, market news and more. Both brokers also offer web-based and mobile versions of MT4 for convenient access from any device.
EagleFX vs LMFX Analytical Tools Comparison
Both EagleFX and LMFX provide some analytical tools for their clients, such as economic calendars, trading calculators, daily market analysis and VPS hosting. However, LMFX seems to have more tools available than EagleFX, such as one-click trading, partnership programs and various bonuses and contests.
EagleFX vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals and preferences. However, here are some possible factors that you may consider:
- If you are looking for a broker that offers lower spreads and no commissions, you may prefer EagleFX over LMFX. EagleFX has an average spread of 0.2 pips for EUR/USD, while LMFX has an average spread of 1.2 pips for the same pair on its Zero account.
- If you are looking for a broker that offers higher leverage and more bonuses and contests, you may prefer LMFX over EagleFX. LMFX has a maximum leverage of 1:1000, while EagleFX has a maximum leverage of 1:500 . LMFX also has various partnership programs and promotional offers for its clients, such as deposit match bonus, loyalty program, crystal ball contest and more .
- If you are looking for a broker that offers more trading assets and more analytical tools, you may not find much difference between EagleFX and LMFX. Both brokers offer trading on over 200 assets, including forex, commodities, indices, stocks and cryptocurrencies . Both brokers also use the MT4 platform and provide some useful tools such as economic calendars, trading calculators, daily market analysis and VPS hosting .
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You may want to do more research on both brokers before making your final decision. You can also try their demo accounts to test their services and platforms.
