Compare LMFX vs easyMarkets
What is LMFX? What is easyMarkets?
LMFX is an online broker that offers trading in forex, commodities, shares, metals and more. LMFX was established in 2015 and is not regulated by any authority.
easyMarkets is an online broker that offers trading in forex, cryptos, CFDs, metals, commodities and more. easyMarkets was established in 2001 and is regulated by CySEC (Cyprus), ASIC (Australia), FSA (Seychelles) and FSC (British Virgin Islands).
LMFX vs easyMarkets Regulation Comparison
LMFX is not regulated by any authority, which means that it does not have to comply with any rules or standards regarding client protection, fund security, transparency or dispute resolution.
easyMarkets is regulated by four authorities in different jurisdictions, which means that it has to follow strict rules and regulations regarding client protection, fund security, transparency and dispute resolution. easyMarkets also offers negative balance protection and segregated accounts for its clients.
LMFX vs easyMarkets Trading Assets Comparison
LMFX offers trading in 47 currency pairs, 4 metals, 2 energies, 4 soft commodities and 13 stock indices. easyMarkets offers trading in 57 currency pairs, 6 metals, 4 energies, 7 agricultural commodities, 15 stock indices, 6 cryptocurrencies and over 200 shares.
LMFX vs easyMarkets Trading Fees Comparison
LMFX charges variable spreads and commissions depending on the account type and trading platform. The average spread for EUR/USD is 0.7 pips on MT4 and MT5 platforms with a commission of $4 per lot round turn.
easyMarkets charges fixed spreads and no commissions on all account types and trading platforms. The average spread for EUR/USD is 0.8 pips on easyMarkets web/app platform and 0.7 pips on MT4 and MT5 platforms.
LMFX vs easyMarkets Account Types Comparison
LMFX offers three account types: Premium, Fixed and Zero. The minimum deposit for all account types is $50. The maximum leverage for all account types is 1:1000.
easyMarkets offers two account types: Standard and VIP. The minimum deposit for Standard account is $25 and for VIP account is $2,500. The maximum leverage for both account types is 1:400.
LMFX vs easyMarkets Deposit Options Comparison
LMFX offers various payment methods for deposit and withdrawal, such as Skrill, Wire transfer, Credit / debit cards, Neteller and FasaPay.
easyMarkets offers more payment methods for deposit and withdrawal, such as WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, Crypto, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay
LMFX vs easyMarkets Trading Platforms Comparison
LMFX offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web versions and mobile apps. Both platforms support automated trading with Expert Advisors (EAs), one-click trading, trailing stop and pending orders.
easyMarkets offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and easyMarkets web/app platform. All platforms are available as web versions and mobile apps. MT4 and MT5 support automated trading with EAs, one-click trading and pending orders. easyMarkets web/app platform supports innovative tools such as dealCancellation (which allows traders to undo a losing trade within a specified time), Freeze Rate (which allows traders to pause the market price for a few seconds) and Inside Viewer (which shows the percentage of traders buying or selling an instrument).
LMFX vs easyMarkets Analytical Tools Comparison
LMFX provides some analytical tools for its clients such as economic calendar, trading calculators and VPS hosting. easyMarkets provides more analytical tools for its clients such as economic calendar, market news, trading charts, trading signals and vanilla options.
LMFX vs easyMarkets. 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, preferences and risk appetite. However, here are some general suggestions:
- If you are looking for a regulated broker that offers high fund security, client protection and dispute resolution, then easyMarkets might be a better choice than LMFX. easyMarkets is regulated by four authorities in different jurisdictions, while LMFX is not regulated by any authority.
- If you are looking for a broker that offers a wide range of trading assets, then easyMarkets might be a better choice than LMFX. easyMarkets offers trading in 57 currency pairs, 6 metals, 4 energies, 7 agricultural commodities, 15 stock indices, 6 cryptocurrencies and over 200 shares, while LMFX offers trading in 47 currency pairs, 4 metals, 2 energies, 4 soft commodities and 13 stock indices.
- If you are looking for a broker that offers low trading fees, then both brokers have their advantages and disadvantages. LMFX charges variable spreads and commissions depending on the account type and trading platform, while easyMarkets charges fixed spreads and no commissions on all account types and trading platforms. The average spread for EUR/USD is similar for both brokers: 0.7 pips on MT4 and MT5 platforms. However, LMFX also charges a commission of $4 per lot round turn, which might increase your trading costs.
- If you are looking for a broker that offers flexible account types, then both brokers have their advantages and disadvantages. LMFX offers three account types: Premium, Fixed and Zero, while easyMarkets offers two account types: Standard and VIP. The minimum deposit for all account types is lower for LMFX ($50) than for easyMarkets ($25 for Standard and $2,500 for VIP). The maximum leverage for all account types is higher for LMFX (1:1000) than for easyMarkets (1:400).
- If you are looking for a broker that offers various deposit and withdrawal options, then easyMarkets might be a better choice than LMFX. easyMarkets offers more payment methods for deposit and withdrawal than LMFX, such as WebMoney, UnionPay, BPAY, iDEAL, SOFORT, Crypto, Litecoin, giropay, Ethereum, Crypto Cash, Tether (USDT) and AstroPay.
- If you are looking for a broker that offers advanced trading platforms and tools, then both brokers have their advantages and disadvantages. Both brokers offer MT4 and MT5 platforms as desktop applications, web versions and mobile apps. Both platforms support automated trading with EAs, one-click trading and pending orders. However, easyMarkets also offers its own web/app platform that supports innovative tools such as dealCancellation (which allows traders to undo a losing trade within a specified time), Freeze Rate (which allows traders to pause the market price for a few seconds) and Inside Viewer (which shows the percentage of traders buying or selling an instrument). LMFX provides some analytical tools such as economic calendar, trading calculators and VPS hosting, while easyMarkets provides more analytical tools such as market news, trading charts, trading signals and vanilla options.
