Compare ForexMart vs LMFX
What is ForexMart? What is LMFX?
ForexMart is an online forex broker that offers trading in various financial instruments, such as forex, crypto, metals, and stocks. ForexMart claims to provide low spreads, no deposit fees, negative balance protection, and leverage up to 1:3000. ForexMart also offers a web trader, a mobile app, and a MetaTrader 4 platform for trading.
LMFX is an online forex broker that offers trading in forex, shares, indices, commodities, and metals. LMFX claims to provide high leverage up to 1:1000, no commissions or hidden fees, 24/5 customer support, and various bonuses and contests. LMFX also offers a mobile app and a MetaTrader 4 platform for trading.
ForexMart vs LMFX Regulation Comparison
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 266/15. ForexMart also complies with the Markets in Financial Instruments Directive (MiFID) and the European Securities and Markets Authority (ESMA) regulations.
LMFX is not regulated by any official authority or body. LMFX states that it operates under the laws of Saint Vincent and the Grenadines, but this does not imply any regulatory oversight or protection for traders.
ForexMart vs LMFX Trading Assets Comparison
ForexMart offers over 100 trading instruments, including 50 currency pairs, 5 cryptocurrencies, 4 metals, and 50 stocks. ForexMart also offers zero spread accounts for some currency pairs.
LMFX offers over 250 trading instruments, including 47 currency pairs, 4 cryptocurrencies, 5 metals, 13 indices, and 183 shares. LMFX also offers variable spreads starting from 0.2 pips for some currency pairs.
ForexMart vs LMFX Trading Fees Comparison
ForexMart does not charge any deposit or withdrawal fees for most payment methods. ForexMart also does not charge any commissions for trading on its platforms. However, ForexMart may charge swap fees for holding positions overnight, as well as inactivity fees for dormant accounts.
LMFX does not charge any commissions for trading on its platforms. However, LMFX may charge deposit or withdrawal fees depending on the payment method used. LMFX may also charge swap fees for holding positions overnight, as well as inactivity fees for dormant accounts.
ForexMart vs LMFX Account Types Comparison
ForexMart offers three types of live trading accounts: Classic, Pro, and Zero Spread. The minimum deposit for each account type is $15, $200, and $1 respectively. The maximum leverage for each account type is 1:3000, 1:2000, and 1:3000 respectively. The average spread for each account type is 2.2 pips, 1.3 pips, and 0 pips respectively.
LMFX offers three types of live trading accounts: Premium, Fixed, and Zero. The minimum deposit for each account type is $50. The maximum leverage for each account type is 1:1000. The average spread for each account type is 1.2 pips (variable), 1.8 pips (fixed), and 0.2 pips (variable) respectively.
ForexMart vs LMFX Deposit Options Comparison
ForexMart supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi Wallet, MegaTransfer, FasaPay, UnionPay China etc. The processing time for deposits and withdrawals may vary depending on the payment method used.
LMFX supports fewer deposit and withdrawal options than ForexMart. The available options are bank wire transfer, credit/debit cards (Visa/MasterCard), Skrill (Moneybookers), Neteller etc. The processing time for deposits and withdrawals may vary depending on the payment method used.
ForexMart vs LMFX Trading Platforms Comparison
Both ForexMart and LMFX use the MetaTrader 4 platform as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that allows traders to access various features such as charts, indicators, expert advisors etc. Both brokers also offer mobile apps for Android and iOS devices that are compatible with MetaTrader 4.
In addition to MetaTrader 4, ForexMart also offers a web trader that can be accessed from any browser without downloading or installing any software. The web trader has similar features and functions as the MetaTrader 4 platform, but with a simpler and more intuitive interface.
ForexMart vs LMFX Analytical Tools Comparison
ForexMart provides various analytical tools and resources for its clients, such as economic calendar, market news, technical analysis, trading signals, VPS hosting etc. ForexMart also offers educational materials aimed to guide traders through the financial markets, such as articles, videos, webinars etc.
LMFX also provides various analytical tools and resources for its clients, such as economic calendar, trading calculators, VPS hosting, daily market analysis etc. LMFX also offers educational materials aimed to help traders improve their skills and knowledge, such as articles, videos, webinars etc.
ForexMart vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider when comparing forex brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools etc. ForexMart and LMFX are two online forex brokers that offer different services and features.
Ultimately, the best forex broker for you depends on your personal preferences, goals, and risk appetite. You should do your own research before opening an account with any broker.
