Compare MTrading vs LMFX
What is MTrading? What is LMFX?
MTrading is a forex broker that offers trading in various instruments, such as commodities, crypto, indices, and CFDs. LMFX is a forex broker that also offers trading in stocks, metals, energies, futures, and ETFs. Both brokers use the MetaTrader 4 platform for trading.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
MTrading vs LMFX Regulation Comparison
MTrading is not regulated by any authority, while LMFX is also unregulated. This means that both brokers do not have to comply with any rules or standards set by a regulatory body, such as the FCA or CySEC. This may pose some risks for traders who want to ensure the safety and security of their funds and transactions.
MTrading vs LMFX Trading Assets Comparison
MTrading and LMFX offer different trading assets for their clients. MTrading has over 250 financial instruments, including 40 currency pairs, 10 commodities, 10 indices, and 9 cryptocurrencies.
LMFX has over 100 financial instruments, including 47 currency pairs, 4 commodities, 11 indices, and 5 cryptocurrencies. LMFX also has stocks, metals, energies, futures, and ETFs that MTrading does not offer.
MTrading vs LMFX Trading Fees Comparison
MTrading and LMFX have different trading fees for their clients. MTrading charges variable spreads that start from 0 pips on some accounts, but also applies commissions of $6 per lot on some accounts.
LMFX charges variable spreads that start from 0.2 pips on some accounts, but does not apply any commissions. Both brokers charge swap fees for holding positions overnight, but also offer Islamic accounts that are swap-free.
MTrading vs LMFX Account Types Comparison
MTrading and LMFX have different account types for their clients. MTrading has four account types: Standard, ECN Pro, ECN Classic, and Crypto.
LMFX has three account types: Premium, Fixed, and Zero. Each account type has different features and requirements, such as minimum deposit, leverage, spread, commission, and lot size.
MTrading vs LMFX Deposit Options Comparison
MTrading and LMFX have different deposit and withdrawal options for their clients. MTrading accepts various payment methods, such as credit/debit cards, Skrill, Neteller, FasaPay, and wire transfer. The minimum deposit is $50 for all accounts except Crypto, which requires $100. There are no fees for deposits or withdrawals.
LMFX accepts credit/debit cards, Skrill, Neteller, FasaPay, wire transfer, and cryptocurrencies as payment methods. The minimum deposit is $50 for all accounts except Zero, which requires $100. There are no fees for deposits or withdrawals except wire transfer, which may incur bank charges.
MTrading vs LMFX Trading Platforms Comparison
MTrading and LMFX use the same trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that supports various features and tools for trading, such as charts, indicators, expert advisors (EAs), scripts, one-click trading, pending orders, trailing stop loss (TSL), etc. Both brokers offer MT4 on desktop (Windows and Mac), web browser (WebTrader), and mobile devices (Android and iOS).
MTrading vs LMFX Analytical Tools Comparison
MTrading and LMFX offer different analytical tools for their clients. MTrading provides daily market analysis on its website and social media channels (Facebook and Twitter). It also offers an economic calendar that shows important events and news that may affect the market movements.
LMFX provides daily market analysis on its website as well as an economic calendar. It also offers trading calculators that help traders calculate various parameters such as margin requirement (MR), pip value (PV), profit/loss (P/L), etc.
MTrading vs LMFX. 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. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- If you are looking for a regulated broker that follows certain standards and rules, then neither MTrading nor LMFX may be suitable for you, as both are unregulated. You may want to look for other brokers that have licenses from reputable authorities, such as the FCA, CySEC, ASIC, etc.
- If you are looking for a broker that offers a wide range of trading assets, then LMFX may have an edge over MTrading, as it has stocks, metals, energies, futures, and ETFs that MTrading does not offer. However, if you are mainly interested in forex, commodities, indices, and crypto trading, then both brokers have similar offerings.
- If you are looking for a broker that has low trading fees, then LMFX may be more attractive than MTrading, as it does not charge any commissions on any account type. However, you should also consider the spreads and swap fees that both brokers charge, as they may vary depending on the market conditions and the account type.
- If you are looking for a broker that has flexible account types, then both MTrading and LMFX have different options for you to choose from. You should compare the features and requirements of each account type and see which one suits your needs and budget. For example, if you want to trade with high leverage and low spreads, then you may opt for the ECN Pro account from MTrading or the Zero account from LMFX.
- If you are looking for a broker that has convenient deposit and withdrawal options, then both MTrading and LMFX have various payment methods that you can use. However, you should also check the minimum deposit amount and the processing time of each method. For example, if you want to use cryptocurrencies as your payment method, then LMFX may be more convenient than MTrading, as it accepts more types of cryptocurrencies.
- If you are looking for a broker that uses a reliable and user-friendly trading platform, then both MTrading and LMFX use the same platform: MetaTrader 4 (MT4). MT4 is a popular and widely used platform that supports various features and tools for trading. You can access MT4 on different devices and platforms with both brokers.
- If you are looking for a broker that provides useful analytical tools for trading, then both MTrading and LMFX offer some resources that can help you. However, you should also do your own research and analysis before making any trading decisions. You can use Bing to search for more information and news about the forex market.
