Compare FXGiants vs LMFX
What is FXGiants? What is LMFX?
FXGiants is a trade name of Notesco Limited, a company registered in Bermuda that offers online trading of forex, commodities, shares, metals and more. FXGiants has six account types, various bonuses and promotions, and supports MT4 platform.
LMFX is an online broker that allows individuals and institutions to trade forex, commodities, shares, metals and more. LMFX has three account types, 100% credit bonus and 15% recovery bonus, and supports MT4 platform.
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$ |
FXGiants vs LMFX Regulation Comparison
FXGiants is regulated by the Financial Conduct Authority (FCA) in the UK under the license number 585561. FXGiants also claims to comply with the regulatory standards of the European Securities and Markets Authority (ESMA) and the Markets in Financial Instruments Directive (MiFID).
LMFX is not regulated by any official authority or body. LMFX states that it operates under the jurisdiction of Saint Vincent and the Grenadines, but this does not imply any regulatory oversight or protection for traders.
FXGiants vs LMFX Trading Assets Comparison
FXGiants offers over 200 trading instruments, including 50 currency pairs, 17 commodities, 17 indices, 3 cryptocurrencies and over 120 shares.LMFX offers over 250 trading instruments, including 47 currency pairs, 17 commodities, 13 indices, 4 cryptocurrencies and over 170 shares.
FXGiants vs LMFX Trading Fees Comparison
FXGiants charges different spreads and commissions depending on the account type. The Live Floating Spread account has variable spreads from 1.0 pips and no commission. The Live Fixed Spread account has fixed spreads from 1.2 pips and no commission. The Live Zero Fixed Spread account has fixed spreads from 0.0 pips and $9 per lot per side commission.
LMFX also charges different spreads and commissions depending on the account type. The Premium account has variable spreads from 1.0 pips and no commission. The Fixed account has fixed spreads from 1.8 pips and no commission. The Zero account has variable spreads from 0.2 pips and $8 per lot per side commission.
FXGiants vs LMFX Account Types Comparison
FXGiants has six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread and STP/ECN Absolute Zero. The minimum deposit for each account is $100, except for the STP/ECN Absolute Zero account which requires $500. The maximum leverage for each account is 1:1000.
LMFX has three account types: Premium, Fixed and Zero. The minimum deposit for each account is $50. The maximum leverage for each account is 1:1000.
FXGiants vs LMFX Deposit Options Comparison
FXGiants offers various deposit and withdrawal options, such as credit/debit cards, bank wire transfer, Skrill, Neteller, FasaPay, China UnionPay and more. FXGiants does not charge any fees for deposits or withdrawals, but some payment providers may apply their own fees.
LMFX also offers various deposit and withdrawal options, such as credit/debit cards, bank wire transfer, Skrill, Neteller, FasaPay and more. LMFX does not charge any fees for deposits or withdrawals, but some payment providers may apply their own fees.
FXGiants vs LMFX Trading Platforms Comparison
FXGiants and LMFX both supports MetaTrader 4 (MT4) platform for desktop, web and mobile devices2. MT4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors) and more.
FXGiants vs LMFX Analytical Tools Comparison
FXGiants and LMFX both provides various analytical tools for traders, such as economic calendar, market news, market outlooks, trading calculators and more. Both also offers educational materials aimed to guide traders through the financial markets.
FXGiants vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading style, goals and risk appetite. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. However, you can compare FXGiants and LMFX on some key aspects and decide which one suits you better. Here are some points to consider:
- Regulation: FXGiants is regulated by the FCA in the UK, which is a reputable and strict regulator that ensures high standards of security, transparency and customer protection. LMFX is not regulated by any official authority or body, which means that traders have no legal recourse or compensation in case of any disputes or issues with the broker. If you value safety and reliability, FXGiants may be a better choice than LMFX.
- Trading Assets: Both FXGiants and LMFX offer a wide range of trading instruments, including forex, commodities, shares, metals and cryptocurrencies. However, LMFX has slightly more options than FXGiants, especially in terms of shares and cryptocurrencies. If you are looking for more diversity and variety in your trading portfolio, LMFX may be a better choice than FXGiants.
- Trading Fees: Both FXGiants and LMFX charge different spreads and commissions depending on the account type. The spreads and commissions vary depending on the market conditions, the trading volume and the instrument. Generally speaking, FXGiants has lower spreads and commissions for the Live Floating Spread and Live Fixed Spread accounts, while LMFX has lower spreads and commissions for the Zero account. If you are looking for lower trading costs, you may want to compare the account types of both brokers and choose the one that best fits your trading strategy.
- Account Types: Both FXGiants and LMFX have multiple account types that cater to different types of traders. FXGiants has six account types, while LMFX has three account types. The main differences between the account types are the minimum deposit, the leverage, the spread type and the commission. If you are looking for more flexibility and customization in your trading account, FXGiants may be a better choice than LMFX.
- Deposit and Withdrawal Options: Both FXGiants and LMFX offer various deposit and withdrawal options, such as credit/debit cards, bank wire transfer, e-wallets and more. Both brokers do not charge any fees for deposits or withdrawals, but some payment providers may apply their own fees. If you are looking for convenience and speed in your transactions, you may want to check the availability and processing time of each payment option for both brokers and choose the one that best suits your needs.
- Trading Platforms: Both FXGiants and LMFX support MetaTrader 4 (MT4) platform for desktop, web and mobile devices. MT4 is a popular and user-friendly platform that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors) and more. If you are familiar with MT4 or prefer to use it for your trading activities, you will not have any problems with either broker.
- Analytical Tools: Both FXGiants and LMFX provide various analytical tools for traders, such as economic calendar, market news, market analysis, trading calculators and more. Both brokers also offer educational materials aimed to guide traders through the financial markets. If you are looking for more support and guidance in your trading journey, you will find both brokers helpful and informative.
