Compare Fortrade vs LMFX
What is Fortrade? What is LMFX?
Fortrade is a UK-based online broker that provides trading services for forex, commodities, stocks, indices and more. It was founded in 2013 and is regulated by the Financial Conduct Authority (FCA) in the UK.
LMFX is an online broker that offers trading services for forex, metals, shares and more. It was founded in 2015 and is not officially regulated, but follows the regulations of Macedonia, where it is based.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Fortrade vs LMFX Regulation Comparison
Fortrade is regulated by the FCA, which is one of the most reputable and strict financial regulators in the world. This means that Fortrade has to comply with high standards of security, transparency and customer protection.
LMFX is not regulated by any official authority, which means that it does not have to follow any specific rules or regulations regarding its operations. This may pose some risks for traders, as there is no guarantee of fund safety or dispute resolution.
Fortrade vs LMFX Trading Assets Comparison
Fortrade offers over 250 financial instruments to trade, including currency pairs, indices, stocks, commodities, ETFs and cryptocurrencies.
LMFX offers over 150 financial instruments to trade, including currency pairs, indices, stocks, commodities and metals.
Fortrade vs LMFX Trading Fees Comparison
Fortrade does not charge any commissions or hidden fees for its trading services. It makes money from the spreads, which are the differences between the bid and ask prices of the instruments. The spreads vary depending on the instrument, market conditions and account type.
LMFX also does not charge any commissions or hidden fees for its trading services. It also makes money from the spreads, which are generally low and competitive. The spreads vary depending on the instrument, market conditions and account type.
Fortrade vs LMFX Account Types Comparison
Fortrade offers three types of accounts: Standard, Premium and Pro. The Standard account requires a minimum deposit of $100 and has a maximum leverage of 1:200. The Premium account requires a minimum deposit of $1,000 and has a maximum leverage of 1:200. The Pro account requires a minimum deposit of $10,000 and has a maximum leverage of 1:100.
LMFX offers three types of accounts: Premium, Fixed and Zero. The Premium account requires a minimum deposit of $50 and has a maximum leverage of 1:1000. The Fixed account requires a minimum deposit of $250 and has a fixed spread of 1.8 pips on major currency pairs. The Zero account requires a minimum deposit of $100 and has a variable spread starting from 0 pips on major currency pairs.
Fortrade vs LMFX Deposit Options Comparison
Fortrade offers a variety of methods to deposit and withdraw funds, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller) and local payment methods (Sofort, iDeal). The deposits are processed instantly and the withdrawals are processed within 24 hours.
LMFX also offers a variety of methods to deposit and withdraw funds, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller) and cryptocurrencies (Bitcoin). The deposits are processed instantly and the withdrawals are processed within 24 hours.
Fortrade vs LMFX Trading Platforms Comparison
Fortrade offers two trading platforms: Fortrader and MetaTrader 4 (MT4). Fortrader is a proprietary platform that is easy to use and has advanced features such as one-click trading, economic calendar, trading calculators and VPS hosting. MT4 is a popular platform that has many tools and indicators for technical analysis and automated trading.
LMFX also offers two trading platforms: MT4 and WebTrader. MT4 is the same platform as mentioned above. WebTrader is a web-based platform that does not require any download or installation and has features such as one-click trading, charting tools and market news.
Fortrade vs LMFX Analytical Tools Comparison
Fortrade provides various analytical tools for traders to enhance their trading performance, such as daily market analysis, weekly overview of CFD movements, economic calendar, trading signals and educational resources.
LMFX also provides various analytical tools for traders to improve their trading skills, such as daily market analysis, economic calendar, trading calculators, VPS hosting and educational resources.
Fortrade vs LMFX. Which forex broker is better? Which forex broker should you choose?
The best forex broker for you depends on your personal preferences, trading style, goals and needs. You can do more research, read reviews, try a demo account or even open a live account with both brokers to see which broker meets your expectations and requirements.
