Compare FP Markets vs LMFX
What is FP Markets? What is LMFX ?
FP Markets is a global financial technology services provider that offers forex and CFD trading on various platforms and instruments. It is regulated by ASIC, CySEC and ESMA and has been operating since 2005. It has won over 40 international awards for its performance, pricing and customer support.
LMFX is a forex and CFD broker that offers trading on MT4 platform with various account types, payment methods and trading tools. It is not regulated by any major authority and has been operating since 2015. It has a demo contest, a bonus program and a PAMM service for traders.
FP Markets vs LMFX Regulation Comparison
FP Markets is regulated by the Australian Securities and Investment Commission (ASIC) with license number 286354, the Cyprus Securities and Exchange Commission (CySEC) with license number 371/18, and the European Securities and Markets Authority (ESMA) with license number 50926. These are reputable regulators that ensure high standards of security, transparency and investor protection.
LMFX is not regulated by any major authority and does not disclose its registration or license information on its website. This means that traders may face higher risks of fraud, manipulation or insolvency when dealing with this broker.
FP Markets vs LMFX Trading Assets Comparison
FP Markets offers over 10,000 trading instruments across various asset classes, including forex, shares, indices, commodities, metals, bonds, futures, ETFs and options. Traders can access these instruments on MT4, MT5, IRESS and WebTrader platforms.
LMFX offers over 100 trading instruments across forex, indices, commodities, metals and oil. Traders can access these instruments on MT4 platform only.
FP Markets vs LMFX Trading Fees Comparison
FP Markets offers competitive spreads and commissions on its trading instruments, starting from 0.0 pips on major currency pairs such as EUR/USD, USD/JPY and GBP/USD. It charges $3 per lot per side on its Standard account and $4 per lot per side on its Raw account. It also offers swap-free Islamic accounts for eligible traders.
LMFX offers variable spreads and commissions on its trading instruments, starting from 1 pip on major currency pairs such as EUR/USD, USD/JPY and GBP/USD. It charges $4 per lot per side on its Premium account and $8 per lot per side on its Zero account. It also offers swap-free Islamic accounts for eligible traders.
FP Markets vs LMFX Account Types Comparison
FP Markets offers three types of accounts for forex and CFD traders: Standard, Raw and IRESS. The Standard account has no commission but higher spreads, the Raw account has lower spreads but commission fees, and the IRESS account is designed for share trading with direct market access. The minimum deposit for all accounts is $100.
LMFX offers three types of accounts for forex and CFD traders: Premium, Fixed and Zero. The Premium account has variable spreads but no commission, the Fixed account has fixed spreads but no commission, and the Zero account has lower spreads but commission fees. The minimum deposit for all accounts is $50.
FP Markets vs LMFX Deposit Options Comparison
FP Markets offers a variety of deposit and withdrawal options for traders, including credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, Apple Pay, Google Pay, crypto currencies and local bank transfers. It does not charge any fees for deposits or withdrawals, but third-party fees may apply.
LMFX offers a limited range of deposit and withdrawal options for traders, including credit/debit cards, wire transfer, Skrill, Neteller and FasaPay. It does not charge any fees for deposits or withdrawals, but third-party fees may apply.
FP Markets vs LMFX Trading Platforms Comparison
FP Markets offers four trading platforms for traders: MT4, MT5, IRESS and WebTrader. MT4 and MT5 are popular platforms that support automated trading, custom indicators and expert advisors. IRESS is a platform that provides direct market access to share trading with advanced charting and analysis tools. WebTrader is a web-based platform that allows traders to access their accounts from any browser without downloading any software.
LMFX offers one trading platform for traders: MT4. MT4 is a popular platform that supports automated trading, custom indicators and expert advisors. It is available as a desktop, web and mobile version.
FP Markets vs LMFX Analytical Tools Comparison
FP Markets provides various analytical tools for traders, such as market news, economic calendar, trading signals, technical analysis, trading calculators, webinars and educational articles. It also offers a copy trading service that allows traders to follow and copy top-performing traders on the platform.
LMFX provides some analytical tools for traders, such as market news, economic calendar, trading signals, technical analysis and trading calculators. It also offers a PAMM service that allows traders to invest in or manage other traders’ accounts on the platform.
FP Markets vs LMFX . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals and strategies. However, you can consider a number of factors that may influence your decision, such as:
- Regulation: FP Markets is regulated by reputable authorities, while LMFX is not. This could affect the level of security and protection you have as a trader.
- Trading assets: FP Markets offers a wider range of trading instruments than LMFX. This could affect the diversity and flexibility of your trading portfolio.
- Trading fees: FP Markets and LMFX have similar spreads and commissions, but FP Markets offers lower spreads on some major currency pairs. This could affect your trading costs and profits.
- Trading platforms: FP Markets offers more trading platforms than LMFX, including IRESS and WebTrader. This could affect your trading experience and convenience.
- Analytical tools: FP Markets provides more analytical tools than LMFX, including webinars and educational articles. This could affect your trading knowledge and skills.
In the end, the choice is yours. You should weigh the pros and cons of each broker and decide which broker better meets your needs and expectations. You may also want to try out their demo account or read some of the user reviews to better understand their service.
