Compare LMFX vs Markets.com
What is LMFX? What is Markets.com?
LMFX is a forex and CFD broker that offers trading on various instruments, such as stocks, commodities, indices, metals, and cryptocurrencies. LMFX claims to provide fast execution, high leverage, low spreads, and various bonuses and contests.
Markets.com is an online trading platform that offers CFDs and spread bets on forex, shares, commodities, indices, ETFs, and cryptocurrencies. Markets.com claims to provide powerful tools, user-friendly interface, low spreads, and regulated and authorised services.
LMFX vs Markets.com 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.
Markets.com is regulated by multiple authorities, such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Financial Sector Conduct Authority (FSCA) of South Africa.
LMFX vs Markets.com Trading Assets Comparison
LMFX offers over 250 financial instruments, including 47 currency pairs, 9 commodities, 13 indices, 4 metals, and 81 stocks.
Markets.com offers over 2200 financial instruments, including 67 currency pairs, 28 commodities, 40 indices, 9 metals, 2000+ stocks, 25 ETFs, and 15 cryptocurrencies.
LMFX vs Markets.com Trading Fees Comparison
LMFX charges variable spreads that start from 0.2 pips on the Premium account and fixed spreads that start from 1 pip on the Fixed account. LMFX also charges a commission of $8 per lot on the Zero account. LMFX does not charge any deposit or withdrawal fees.
Markets.com charges variable spreads that start from 0.6 pips on major currency pairs and no commissions on any account type. Markets.com does not charge any deposit fees but may charge withdrawal fees depending on the payment method.
LMFX vs Markets.com 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. The Premium account offers variable spreads from 0.2 pips, the Fixed account offers fixed spreads from 1 pip, and the Zero account offers variable spreads from 0 pips with a commission of $8 per lot.
Markets.com offers two types of accounts: Retail and Professional. The minimum deposit for both accounts is $100. The maximum leverage for the Retail account is 1:30 and for the Professional account is 1:300. Both accounts offer variable spreads from 0.6 pips and no commissions.
LMFX vs Markets.com Deposit Options Comparison
LMFX offers various deposit and withdrawal options, such as credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, VLoad, Bitcoin, Litecoin, Ethereum, Ripple, USDTether.
Markets.com offers fewer deposit and withdrawal options, such as credit/debit cards, wire transfer, Skrill, Neteller, PayPal.
LMFX vs Markets.com Trading Platforms Comparison
LMFX offers only one trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, expert advisors, and automated trading.
Markets.com offers two trading platforms: MetaTrader 4 (MT4) and Marketsx. MT4 is the same as offered by LMFX. Marketsx is a proprietary platform that provides advanced tools, such as market sentiment indicators, analyst recommendations, trading signals, technical analysis tools.
LMFX vs Markets.com Analytical Tools Comparison
LMFX provides some analytical tools for its clients, such as economic calendar, trading calculators, VPS hosting.
Markets.com provides more analytical tools for its clients such as economic calendar,market news, daily market analysis,webinars,trading signals,market sentiment indicators,analyst recommendations technical analysis tools.
LMFX vs Markets.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. However, you may consider some of the following factors:
- Regulation: Markets.com is regulated by multiple reputable authorities, while LMFX is not regulated by any authority. This means that Markets.com is more trustworthy and secure than LMFX, and you have more protection and recourse in case of any issues or disputes with the broker .
- Trading Assets: Markets.com offers a wider range of trading assets than LMFX, including more currency pairs, commodities, indices, stocks, ETFs, and cryptocurrencies. This means that Markets.com gives you more opportunities and diversity to trade in different markets and instruments .
- Trading Fees: LMFX and Markets.com have different fee structures depending on the account type. LMFX charges variable or fixed spreads and a commission on the Zero account, while Markets.com charges only variable spreads and no commissions. The spreads and commissions may vary depending on the market conditions, trading volume, and instrument. You may compare the fees of both brokers using their trading calculators .
- Account Types: LMFX and Markets.com offer different account types with different features and requirements. LMFX offers three account types: Premium, Fixed, and Zero, with a minimum deposit of $50 and a maximum leverage of 1:1000. Markets.com offers two account types: Retail and Professional, with a minimum deposit of $100 and a maximum leverage of 1:30 or 1:300. You may choose the account type that suits your trading style, risk appetite, and capital .
- Deposit and Withdrawal Options: LMFX and Markets.com offer different deposit and withdrawal options with different processing times, fees, and limits. LMFX offers more options, such as credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, VLoad, Bitcoin, Litecoin, Ethereum, Ripple, USDTether. Markets.com offers fewer options, such as credit/debit cards, wire transfer, Skrill, Neteller, PayPal. You may choose the option that is convenient, fast, and cheap for you .
- Trading Platforms: LMFX and Markets.com offer different trading platforms with different features and functionalities. LMFX offers only MetaTrader 4 (MT4), which is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, expert advisors, and automated trading. Markets.com offers MetaTrader 4 (MT4) and Marketsx, which is a proprietary platform that provides advanced tools such as market sentiment indicators,[analyst recommendations],[trading signals],[technical analysis tools]. You may choose the platform that is compatible with your device, easy to use,[and meets your trading needs] .
- Analytical Tools: LMFX and Markets.com provide different analytical tools for their clients to help them make informed trading decisions. LMFX provides some tools such as economic calendar,[trading calculators], VPS hosting. Markets.com provides more tools such as economic calendar,[market news], daily market analysis,[webinars],[trading signals],[market sentiment indicators],[analyst recommendations],[technical analysis tools].
Based on these factors, you may find that Markets.com has some advantages over LMFX in terms of regulation,trading assets, trading fees,account types, deposit and withdrawal options,trading platforms,and analytical tools. However,you should also consider your own preferences and do your own research before choosing a forex broker.
