Compare LMFX vs WorldForex
What is LMFX? What is WorldForex?
LMFX is an offshore forex and CFD broker that offers trading services for individual and institutional clients across the globe. LMFX is registered in the Republic of Macedonia and operated by Global Trade Partners Ltd.
WorldForex is an online forex and CFD broker that provides trading services for various markets, including stocks, commodities, metals, indices, and cryptocurrencies. WorldForex is registered in Saint Lucia and operated by Exispro Ltd.
LMFX vs WorldForex Regulation Comparison
LMFX is not regulated by any government agencies or financial authorities. WorldForex is a member of the Financial Commission, an international organization that resolves disputes in the financial services industry. However, the Financial Commission is not an official regulator and does not have legal authority over its members.
LMFX vs WorldForex Trading Assets Comparison
LMFX offers a wide range of trading assets, including 46 forex pairs, 36 stocks, 13 indices, 8 commodities, 4 metals, and 2 oil products. WorldForex also offers a variety of trading assets, including 50 forex pairs, 100 stocks, 15 indices, 10 commodities, 4 metals, and 4 cryptocurrencies.
LMFX vs WorldForex Trading Fees Comparison
LMFX charges different fees depending on the account type and the trading instrument. For Premium and Fixed accounts, there are no commissions charged, but the spreads are higher than the industry average. For Zero accounts, there is a $4 per lot commission, but the spreads are very low or zero. LMFX also charges overnight financing costs, inactivity fees, and additional fees for guaranteed stops.
WorldForex charges variable spreads and commissions depending on the market conditions and the trading instrument. WorldForex also charges swap fees for holding positions overnight, as well as deposit and withdrawal fees for some payment methods.
LMFX vs WorldForex Account Types Comparison
LMFX offers three main account types: the Premium Account, the Fixed Account, and the Zero Account. Each account type has different features and benefits that cater to different trading styles and preferences. The minimum deposit for all account types is $50.
WorldForex offers four main account types: the Standard Account, the Pro Account, the ECN Account, and the Crypto Account. Each account type has different features and benefits that cater to different trading styles and preferences. The minimum deposit for all account types is $1.
LMFX vs WorldForex Deposit Options Comparison
LMFX supports various deposit and withdrawal options, including wire transfers, credit/debit cards, Neteller, Skrill, FasaPay, and VLoad. LMFX does not charge any internal deposit or withdrawal fees, but third-party charges may apply. The minimum deposit is $50, and the minimum withdrawal is $10 for most methods, except for bank wires where it is $250 and $100 respectively.
WorldForex supports various deposit and withdrawal options, including wire transfers, credit/debit cards, Neteller, Skrill, FasaPay, WebMoney, Perfect Money, Bitcoin, Ethereum, Litecoin, and Ripple. WorldForex charges deposit and withdrawal fees for some payment methods depending on the amount and currency. The minimum deposit is $1 for most methods except for bank wires where it is $1000. The minimum withdrawal is $10 for most methods except for bank wires where it is $1000.
LMFX vs WorldForex Trading Platforms Comparison
LMFX provides its clients with the MetaTrader 4 (MT4) platform, which is a popular and reliable platform for forex and CFD trading. MT4 is available as a desktop software, a web-based platform, or a mobile app for iOS and Android devices. MT4 offers advanced charting tools, technical indicators, automated trading strategies (Expert Advisors), market news, and signals.
WorldForex also provides its clients with the MetaTrader 4 (MT4) platform as well as its own proprietary platform called World Forex Trade Station (WFTS). WFTS is available as a web-based platform or a mobile app for iOS and Android devices. WFTS offers simple and intuitive trading interface with basic charting tools and indicators.
LMFX vs WorldForex Analytical Tools Comparison
LMFX offers various analytical tools to help its clients make informed trading decisions. These include economic calendar, market analysis reports from Trading Central (a third-party provider), Fibonacci calculator , pivot point calculator , pip value calculator , risk percentage calculator , video tutorials , webinars , ebooks , articles , glossary , FAQs , etc.
WorldForex also offers various analytical tools to help its clients make informed trading decisions. These include economic calendar , market analysis reports from Claws & Horns (a third-party provider), video tutorials , webinars , ebooks , articles , glossary , FAQs , etc.
LMFX vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading goals, preferences, and risk appetite. There is no definitive answer to which forex broker is better, as each broker has its own strengths and weaknesses. However, here are some general guidelines that may help you make your decision.
- If you are looking for a regulated broker that offers some protection and security for your funds, you may prefer WorldForex over LMFX. WorldForex is a member of the Financial Commission, which provides dispute resolution and compensation fund services for its clients. LMFX is not regulated by any official authority and operates from an offshore jurisdiction, which may pose some risks and challenges for its clients.
- If you are looking for a broker that offers a wide range of trading assets, you may prefer LMFX over WorldForex. LMFX offers more than 100 trading instruments across various markets, including forex, stocks, indices, commodities, metals, and oil. WorldForex also offers a variety of trading instruments, but it has fewer options for stocks and commodities. However, WorldForex has an advantage over LMFX in offering cryptocurrencies as a trading asset.
- If you are looking for a broker that offers low fees and competitive spreads, you may prefer LMFX over WorldForex. LMFX charges different fees depending on the account type and the trading instrument, but it generally offers lower spreads and commissions than WorldForex. LMFX also does not charge any internal deposit or withdrawal fees, while WorldForex does for some payment methods. However, you should also consider the other costs involved in trading, such as swap fees, inactivity fees, guaranteed stop fees, etc.
- If you are looking for a broker that offers flexible account types and easy deposit and withdrawal options, you may prefer WorldForex over LMFX. WorldForex offers four main account types that cater to different trading styles and preferences. The minimum deposit for all account types is $1, which is very low compared to other brokers. WorldForex also supports various payment methods, including wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. LMFX also offers three main account types that cater to different trading styles and preferences. The minimum deposit for all account types is $50, which is still reasonable compared to other brokers. LMFX also supports various payment methods, including wire transfers, credit/debit cards, e-wallets, and VLoad.
- If you are looking for a broker that offers reliable and user-friendly trading platforms, you may prefer either LMFX or WorldForex. Both brokers provide their clients with the MetaTrader 4 (MT4) platform, which is a popular and reliable platform for forex and CFD trading. MT4 offers advanced charting tools, technical indicators, automated trading strategies (Expert Advisors), market news, and signals. Both brokers also offer web-based platforms and mobile apps for iOS and Android devices. However, WorldForex also has its own proprietary platform called World Forex Trade Station (WFTS), which offers a simple and intuitive trading interface with basic charting tools and indicators.
- If you are looking for a broker that offers various analytical tools to help you make informed trading decisions, you may prefer either LMFX or WorldForex. Both brokers offer various analytical tools to help their clients make informed trading decisions. These include economic calendar , market analysis reports from third-party providers , video tutorials , webinars , ebooks , articles , glossary , FAQs , etc.
