Compare NordFX vs LMFX
What is NordFX? What is LMFX?
NordFX is an international forex broker established in 2008. It provides online trading platforms and free training for various instruments, including forex, CFDs, indices, shares, commodities and cryptocurrencies.
LMFX is a trading platform registered in the Republic of North Macedonia since 2017. It offers online forex and stock trading with low fees and high leverage. It also supports CFD trading on indices, commodities, metals and shares.
NordFX vs LMFX Regulation Comparison
NordFX is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 15008. It also claims to comply with the regulations of the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
LMFX is not regulated by any government agencies or financial authorities. It operates under Global Trade Partners Ltd, which is registered in the Republic of North Macedonia.
NordFX vs LMFX Trading Assets Comparison
NordFX offers a range of tradable instruments, including 48 forex pairs, 11 cryptocurrencies, 6 metals, 4 energy commodities, 11 stock indices and 33 shares.
LMFX offers a similar range of tradable instruments, including 48 forex pairs, 5 commodities, 3 energy commodities, 4 metals, 9 stock indices and 36 shares. However, it does not support cryptocurrency trading.
NordFX vs LMFX Trading Fees Comparison
NordFX charges different fees depending on the account type and the instrument traded. It offers three types of accounts: Fix, Pro and Zero. The Fix account has fixed spreads starting from 2 pips and no commission. The Pro account has variable spreads starting from 0.9 pips and no commission. The Zero account has variable spreads starting from 0 pips and a commission of $3.5 per lot per side.
LMFX also charges different fees depending on the account type and the instrument traded. It offers three types of accounts: Premium, Fixed and Zero. The Premium account has variable spreads starting from 1 pip and no commission. The Fixed account has fixed spreads starting from 1.8 pips and no commission. The Zero account has variable spreads starting from 0 pips and a commission of $8 per lot per side.
NordFX vs LMFX Account Types Comparison
NordFX offers three types of accounts: Fix, Pro and Zero. All accounts have a minimum deposit of $10, a maximum leverage of 1:1000, a minimum lot size of 0.01 and support micro-lots. The main difference between the accounts is the spread type and the commission charged.
LMFX offers three types of accounts: Premium, Fixed and Zero. All accounts have a minimum deposit of $50, a maximum leverage of 1:1000, a minimum lot size of 0.01 and support micro-lots. The main difference between the accounts is the spread type and the commission charged.
NordFX vs LMFX Deposit Options Comparison
NordFX supports various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet, Yandex.Money, Ngan Luong and PayToday. The processing time and fees may vary depending on the method chosen.
LMFX supports fewer deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay and VLoad. The processing time and fees may also vary depending on the method chosen.
NordFX vs LMFX Trading Platforms Comparison
NordFX provides its clients with the MetaTrader 4 (MT4) platform for desktop, web and mobile devices. MT4 is a reliable platform widely used by traders that offers advanced charting tools, technical indicators, automated trading via expert advisors (EAs), multiple order types and market execution.
LMFX also provides its clients with the MT4 platform for desktop, web and mobile devices. It offers the same features as NordFX’s MT4 platform but does not support hedging.
NordFX vs LMFX Analytical Tools Comparison
NordFX offers various analytical tools to its clients, such as market news, economic calendar, trading signals, trading calculators and educational materials. It also provides access to the Trading Central service, which delivers technical analysis, market forecasts and trading strategies.
LMFX offers fewer analytical tools to its clients, such as market news, economic calendar and educational materials. It does not provide access to the Trading Central service or any other third-party analysis provider.
NordFX vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and level of experience. You should compare the features, benefits, and limitations of each broker and decide which broker is right for you. You should also do your own research and due diligence before opening an account with any broker.
