Compare LMFX vs Forex.com
What is LMFX? What is Forex.com?
LMFX is an online forex and CFD broker that was established in 2015 and is based in Macedonia. Forex.com is a global forex and CFD broker that was founded in 1999 and is regulated in multiple jurisdictions, including the US, UK, Japan, and Canada.
LMFX vs Forex.com Regulation Comparison
LMFX is not regulated by any financial authority, which means that it does not offer any protection or compensation to its clients in case of insolvency or misconduct.
Forex.com is regulated by several reputable regulators, such as the CFTC and NFA in the US, the FCA in the UK, the FSA in Japan, and the IIROC in Canada. Forex.com also keeps its clients’ funds in segregated accounts and participates in investor compensation schemes where applicable.
LMFX vs Forex.com Trading Assets Comparison
LMFX offers trading on over 250 instruments, including forex, metals, energies, indices, commodities, shares, and cryptocurrencies. Forex.com provides access to over 500 markets, including forex, stocks, indices, commodities, metals, futures, options, ETFs, and bonds.
LMFX vs Forex.com Trading Fees Comparison
LMFX charges variable spreads and commissions depending on the account type. The Fixed account has fixed spreads from 1 pip and no commission. The Premium account has variable spreads from 0.2 pips and no commission. The Zero account has variable spreads from 0 pips and a commission of $4 per lot per side.
Forex.com also has variable spreads and commissions depending on the account type and platform. The Standard account has variable spreads from 0.8 pips and no commission. The Commission account has variable spreads from 0 pips and a commission of $5 per 100k traded. The DMA account has variable spreads from 0 pips and a commission of $60 per million traded.
LMFX vs Forex.com Account Types Comparison
LMFX offers three account types: Fixed, Premium, and Zero. The minimum deposit for each account is $50. The maximum leverage for each account is 1:400 for Fixed, 1:1000 for Premium, and 1:250 for Zero.
Forex.com offers two account types: Standard and Commission. The minimum deposit for each account is $250. The maximum leverage for each account is 1:50 for US clients and up to 1:200 for non-US clients.
LMFX vs Forex.com Deposit Options Comparison
LMFX supports various deposit and withdrawal methods, such as credit/debit cards, wire transfer, Skrill, Neteller, and FasaPay. LMFX charges a withdrawal fee of $10 for wire transfer and $20 for credit/debit cards. Forex.com also accepts different payment options, such as credit/debit cards, wire transfer, PayPal, and SOFORT. Forex.com does not charge any deposit or withdrawal fees.
LMFX vs Forex.com Trading Platforms Comparison
LMFX offers the MetaTrader 4 platform for desktop, web, and mobile devices. The MT4 platform features one-click trading, trailing stop, pending orders, and various technical indicators and charting tools.
Forex.com provides several trading platforms for desktop, web, and mobile devices. These include MetaTrader 4 (limited with 30 days), DealBook 360 (limited with 30 days), FOREXTrader PRO (limited with 30 days), and Forex.com Website Trading. These platforms offer pending orders, advanced charting tools, Reuters news feeds, TradingView charts, behavioral science technology, and more.
LMFX vs Forex.com Analytical Tools Comparison
LMFX does not offer many analytical tools apart from the ones available on the MT4 platform.
Forex.com provides various analytical tools to help traders with their strategies. These include Performance Analytics (a tool that tracks trading performance and provides insights into strengths and weaknesses), SMART Signals (a tool that generates trade ideas based on technical analysis), Capitalise.ai (a tool that allows traders to automate their trading strategies with natural language), Economic Calendar (a tool that displays important economic events and their impact on the markets), Trading Calculators (tools that help traders calculate margin requirements, pip value, profit/loss, etc.), VPS Hosting (a service that enables traders to run their EAs on a remote server with low latency), Daily Market Analysis (a service that provides market commentary and analysis from experts), Partnership Program (a program that rewards traders who refer new clients or become affiliates or introducing brokers).
LMFX vs Forex.com. 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, preferences, and goals. However, here are some general guidelines to help you make an informed choice.
- If you are looking for a regulated broker that offers protection and security to your funds, then Forex.com is a better option than LMFX. Forex.com is regulated by several reputable authorities and follows strict rules and standards. LMFX is not regulated by any financial body and does not offer any guarantees or compensation to its clients.
- If you are looking for a broker that offers a wide range of trading instruments and markets, then Forex.com has an edge over LMFX. Forex.com provides access to over 500 markets, including forex, stocks, indices, commodities, metals, futures, options, ETFs, and bonds. LMFX offers trading on over 250 instruments, including forex, metals, energies, indices, commodities, shares, and cryptocurrencies.
- If you are looking for a broker that offers low trading costs and fees, then the answer depends on the account type and platform you choose. Both brokers have variable spreads and commissions depending on the account type and platform. You can compare the trading fees of each account type and platform in the previous comparison.
- If you are looking for a broker that offers different account types and options, then both brokers have some advantages and disadvantages. LMFX offers three account types: Fixed, Premium, and Zero. The minimum deposit for each account is $50. The maximum leverage for each account is 1:400 for Fixed, 1:1000 for Premium, and 1:250 for Zero. Forex.com offers two account types: Standard and Commission. The minimum deposit for each account is $250. The maximum leverage for each account is 1:50 for US clients and up to 1:200 for non-US clients.
- If you are looking for a broker that supports various deposit and withdrawal methods, then both brokers accept different payment options. LMFX supports credit/debit cards, wire transfer, Skrill, Neteller, and FasaPay. LMFX charges a withdrawal fee of $10 for wire transfer and $20 for credit/debit cards. Forex.com accepts credit/debit cards, wire transfer, PayPal, and SOFORT. Forex.com does not charge any deposit or withdrawal fees.
- If you are looking for a broker that offers various trading platforms and features, then Forex.com has more options than LMFX. Forex.com provides several trading platforms for desktop, web, and mobile devices. These include MetaTrader 4 (limited with 30 days), DealBook 360 (limited with 30 days), FOREXTrader PRO (limited with 30 days), and Forex.com Website Trading. These platforms offer pending orders, advanced charting tools, Reuters news feeds, TradingView charts, behavioral science technology, and more. LMFX offers the MetaTrader 4 platform for desktop, web, and mobile devices. The MT4 platform features one-click trading, trailing stop, pending orders, and various technical indicators and charting tools.
- If you are looking for a broker that offers various analytical tools and services to help you with your trading strategies, then Forex.com has more to offer than LMFX. Forex.com provides various analytical tools such as Performance Analytics (a tool that tracks trading performance and provides insights into strengths and weaknesses), SMART Signals (a tool that generates trade ideas based on technical analysis), Capitalise.ai (a tool that allows traders to automate their trading strategies with natural language), Economic Calendar (a tool that displays important economic events and their impact on the markets), Trading Calculators (tools that help traders calculate margin requirements, pip value, profit/loss, etc.), VPS Hosting (a service that enables traders to run their EAs on a remote server with low latency), Daily Market Analysis (a service that provides market commentary and analysis from experts), Partnership Program (a program that rewards traders who refer new clients or become affiliates or introducing brokers). LMFX does not offer many analytical tools apart from the ones available on the MT4 platform.
