Compare LMFX vs NSFX
What is LMFX? What is NSFX?
LMFX is an offshore CFD and forex broker based in Macedonia, established in 2017. It offers flexible account options with fixed or floating spreads, including a raw spread account with very low pricing. It also provides high leverage up to 1:1000, various bonuses and contests, and the MetaTrader 4 platform.
NSFX is a regulated forex broker based in Malta, established in 2010. It offers ECN trading with tight spreads, low latency and VPS support. It also provides the MetaTrader 4 platform, as well as its own proprietary platform called NSFX JForex.
LMFX vs NSFX Regulation Comparison
LMFX is not regulated by any reputable authority, which lowers its safety score and trustworthiness. It only claims to comply with the standards of the MFSA in Malta, but it is not licensed by the MFSA or any other EU regulator.
NSFX is regulated by the MFSA in Malta and complies with the MiFID directive. It also participates in the Maltese Investor Compensation Scheme, which protects eligible clients up to €20,000 in case of insolvency.
LMFX vs NSFX Trading Assets Comparison
LMFX offers CFDs on forex, stocks, indices, commodities, metals and oil. It has 46 currency pairs, 36 stocks, 11 indices and 4 commodities available for trading. NSFX offers CFDs on forex, stocks, indices and commodities. It has 50 currency pairs, 15 stocks, 13 indices and 3 commodities available for trading.
LMFX vs NSFX Trading Fees Comparison
LMFX has three account types: Premium, Fixed and Zero. The Premium account has variable spreads from 1 pip, no commissions and leverage up to 1:1000. The Fixed account has fixed spreads from 2 pips, no commissions and leverage up to 1:400. The Zero account has raw spreads from 0 pips, commissions of $4 per lot and leverage up to 1:250.
NSFX has two account types: Standard and Professional. The Standard account has variable spreads from 0.9 pips, no commissions and leverage up to 1:200. The Professional account has variable spreads from 0 pips, commissions of $8 per lot and leverage up to 1:100.
LMFX vs NSFX Account Types Comparison
LMFX has three account types: Premium, Fixed and Zero. NSFX has two account types: Standard and Professional.
LMFX requires a minimum deposit of $50 for all account types. NSFX requires a minimum deposit of $300 for the Standard account and $3,000 for the Professional account.
LMFX vs NSFX Deposit Options Comparison
LMFX supports various deposit and withdrawal options, such as credit/debit cards, wire transfer, Skrill, Neteller and FasaPay. It does not charge any deposit fees, but it may charge withdrawal fees depending on the method used.
NSFX supports fewer deposit and withdrawal options, such as credit/debit cards, wire transfer, Skrill and Neteller. It does not charge any deposit or withdrawal fees.
LMFX vs NSFX Trading Platforms Comparison
LMFX only offers the MetaTrader 4 platform for desktop, web and mobile devices. MT4 is a popular and reliable platform that supports various trading tools, indicators and automated strategies.
NSFX offers both the MetaTrader 4 platform and its own NSFX JForex platform for desktop, web and mobile devices. NSFX JForex is a unique platform that combines ECN technology with advanced trading features.
LMFX vs NSFX Analytical Tools Comparison
LMFX provides some analytical tools for traders, such as an economic calendar, trading calculators, VPS hosting and daily market analysis. NSFX provides more extensive analytical tools for traders, such as an economic calendar, trading signals, market news, technical analysis and sentiment indicators.
LMFX vs NSFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, you may consider some of the following factors:
- Regulation: If you value safety and security, you may prefer NSFX over LMFX, as NSFX is regulated by the MFSA in Malta and complies with the MiFID directive. LMFX is not regulated by any reputable authority, which lowers its trustworthiness.
- Trading Assets: If you want to diversify your portfolio and trade different instruments, you may prefer LMFX over NSFX, as LMFX offers more CFDs on stocks, indices, commodities, metals and oil. NSFX has fewer CFDs available for trading.
- Trading Fees: If you want to save on trading costs and enjoy low spreads and commissions, you may prefer NSFX over LMFX, as NSFX offers ECN trading with tight spreads from 0 pips and commissions of $8 per lot. LMFX has higher spreads and commissions, especially on the Zero account.
- Account Types: If you want to have flexible account options and high leverage, you may prefer LMFX over NSFX, as LMFX offers three account types with leverage up to 1:1000. NSFX has only two account types with leverage up to 1:200.
- Deposit and Withdrawal Options: If you want to have more payment methods and avoid withdrawal fees, you may prefer NSFX over LMFX, as NSFX supports fewer deposit and withdrawal options, but does not charge any fees. LMFX supports various deposit and withdrawal options, but it may charge withdrawal fees depending on the method used.
- Trading Platforms: If you want to have more platform choices and advanced trading features, you may prefer NSFX over LMFX, as NSFX offers both the MetaTrader 4 platform and its own NSFX JForex platform. LMFX only offers the MetaTrader 4 platform.
- Analytical Tools: If you want to have more analytical tools and market insights, you may prefer NSFX over LMFX, as NSFX provides more extensive analytical tools for traders, such as trading signals, market news, technical analysis and sentiment indicators. LMFX provides some basic analytical tools for traders, such as an economic calendar, trading calculators and daily market analysis.
Ultimately, the decision is yours to make. You should do your own research and test the brokers with a demo account before opening a live account.
