Compare LMFX vs Eightcap
What is LMFX? What is Eightcap?
LMFX is an online broker that allows individuals and institutions to trade forex, commodities, shares, metals and more. LMFX claims to offer low spreads, high leverage, fast execution, and various bonuses.
Eightcap is an online broker that offers over 800 CFD markets, including forex, indices, commodities, shares, and cryptocurrencies. Eightcap claims to provide low spreads, zero commissions, free education, and access to innovative trading tools.
LMFX vs Eightcap Regulation Comparison
LMFX is not regulated by any reputable authority and operates under the name of Global Trade Partners Ltd., which is registered in St. Vincent and the Grenadines. This means that LMFX does not have to comply with any strict rules regarding client protection, segregation of funds, or dispute resolution.
Eightcap is regulated by two reputable authorities: the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This means that Eightcap has to follow high standards of conduct and provide a secure trading environment for its clients.
LMFX vs Eightcap Trading Assets Comparison
LMFX offers over 100 trading instruments, including 47 currency pairs, 5 metals, 4 commodities, 81 shares, and 7 indices.
Eightcap offers over 800 trading instruments, including 48 currency pairs, 6 metals, 8 commodities, 650+ shares, 15 indices, and 5 cryptocurrencies.
LMFX vs Eightcap Trading Fees Comparison
LMFX charges variable spreads depending on the account type and market conditions. The average spread for the EUR/USD pair is 0.2 pips on the Zero account, 1.5 pips on the Premium account, and 0.4 pips on the Fixed account. LMFX also charges a commission of $8 per lot round turn on the Zero account.
Eightcap charges variable spreads depending on the account type and market conditions. The average spread for the EUR/USD pair is 0 pips on the Raw account and 1 pips on the Standard account. Eightcap also charges a commission of $3.5 per lot per side on the Raw account.
LMFX vs Eightcap Account Types Comparison
LMFX offers three types of accounts: Premium, Fixed, and Zero. The minimum deposit for each account is $50. The maximum leverage for each account is 1:1000.
Eightcap offers two types of accounts: Standard and Raw. The minimum deposit for each account is $100. The maximum leverage for each account is 1:500 for ASIC-regulated clients and 1:1000 for VFSC-regulated clients.
LMFX vs Eightcap Deposit Options Comparison
LMFX offers various deposit and withdrawal options, including credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, VLoad, Bitcoin, Litecoin, Ethereum, Ripple. LMFX does not charge any fees for deposits or withdrawals.
Eightcap offers various deposit and withdrawal options, including credit/debit cards, wire transfer, Skrill, Neteller, PoliPayments. Eightcap does not charge any fees for deposits or withdrawals.
LMFX vs Eightcap Trading Platforms Comparison
LMFX offers the MetaTrader 4 (MT4) platform for desktop, web, and mobile devices. MT4 is a popular and user-friendly platform that supports advanced charting, technical analysis, expert advisors (EAs), custom indicators, and automated trading.
Eightcap offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile devices. MT5 is an upgraded version of MT4 that supports more timeframes, indicators, symbols, order types, strategy testers, and market depth. Eightcap also integrates with TradingView charts that allow direct trading from the charts into an account with them.
LMFX vs Eightcap Analytical Tools Comparison
LMFX provides some analytical tools such as economic calendar, trading calculators, VPS hosting (for a fee), daily market analysis (for premium clients), partnership program (for affiliates), contests (for demo accounts).
Eightcap provides more analytical tools such as economic calendar (powered by AI big data engine), trading calculators, VPS hosting (for free with a deposit of $5,000 or more), daily market analysis, partnership program (for affiliates and introducing brokers), trade zone (with weekly trade ideas and webinars), crypto crusher (with trade ideas for cryptocurrencies), capitalise.ai (for code-free automation), flashtrader (for faster trading).
LMFX vs Eightcap. 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 guidelines to help you compare LMFX and Eightcap.
- If you are looking for a regulated broker that offers a secure trading environment and follows high standards of conduct, then Eightcap may be a better choice than LMFX. Eightcap is regulated by two reputable authorities: the ASIC and the VFSC, while LMFX is not regulated by any authority and operates under a company registered in St. Vincent and the Grenadines. This means that Eightcap has to comply with strict rules regarding client protection, segregation of funds, and dispute resolution, while LMFX does not have to follow any such rules.
- If you are looking for a broker that offers a wide range of trading instruments, then Eightcap may be a better choice than LMFX. Eightcap offers over 800 CFD markets, including forex, indices, commodities, shares, and cryptocurrencies, while LMFX offers over 100 trading instruments, including forex, metals, commodities, shares, and indices. This means that Eightcap gives you more opportunities to diversify your portfolio and trade different markets.
- If you are looking for a broker that offers low trading fees, then both LMFX and Eightcap may be suitable for you. Both brokers offer variable spreads depending on the account type and market conditions. The average spread for the EUR/USD pair is 0.2 pips on the Zero account and 1.5 pips on the Premium account at LMFX, and 0 pips on the Raw account and 1 pips on the Standard account at Eightcap. Both brokers also charge a commission of $8 per lot round turn on the Zero account at LMFX and $3.5 per lot per side on the Raw account at Eightcap. However, you should also consider other factors such as swap rates, overnight fees, inactivity fees, and currency conversion fees when comparing the trading costs of different brokers.
- If you are looking for a broker that offers flexible account types, then both LMFX and Eightcap may be suitable for you. Both brokers offer different types of accounts that cater to different trading styles and preferences. LMFX offers three types of accounts: Premium, Fixed, and Zero, while Eightcap offers two types of accounts: Standard and Raw. The minimum deposit for each account is $50 at LMFX and $100 at Eightcap. The maximum leverage for each account is 1:1000 at LMFX and 1:500 for ASIC-regulated clients and 1:1000 for VFSC-regulated clients at Eightcap.
- If you are looking for a broker that offers various deposit and withdrawal options, then both LMFX and Eightcap may be suitable for you. Both brokers offer various payment methods, including credit/debit cards, wire transfer, Skrill, Neteller, FasaPay (LMFX only), VLoad (LMFX only), PoliPayments (Eightcap only), Bitcoin (LMFX only), Litecoin (LMFX only), Ethereum (LMFX only), Ripple (LMFX only) . Both brokers do not charge any fees for deposits or withdrawals .
- If you are looking for a broker that offers user-friendly and advanced trading platforms, then both LMFX and Eightcap may be suitable for you. Both brokers offer the MetaTrader 4 (MT4) platform for desktop, web, and mobile devices . MT4 is a popular and user-friendly platform that supports advanced charting, technical analysis, expert advisors (EAs), custom indicators, and automated trading. However, Eightcap also offers the MetaTrader 5 (MT5) platform for desktop, web, and mobile devices. MT5 is an upgraded version of MT4 that supports more timeframes, indicators, symbols, order types, strategy testers, and market depth. Eightcap also integrates with TradingView charts that allow direct trading from the charts into an account with them.
- If you are looking for a broker that offers more analytical tools to enhance your trading performance, then Eightcap may be a better choice than LMFX. Eightcap provides more analytical tools such as economic calendar (powered by AI big data engine), trading calculators, VPS hosting (for free with a deposit of $5,000 or more), daily market analysis, partnership program (for affiliates and introducing brokers), trade zone (with weekly trade ideas and webinars), crypto crusher (with trade ideas for cryptocurrencies), capitalise.ai (for code-free automation), flashtrader (for faster trading), while LMFX provides some analytical tools such as economic calendar, trading calculators, VPS hosting (for a fee), daily market analysis (for premium clients), partnership program (for affiliates), contests (for demo accounts).
