Compare NPBFX vs LMFX
What is NPBFX? What is LMFX?
NPBFX is a forex broker that has been providing brokerage services on the forex market since 1996. NPBFX offers 38 currency pairs, gold, silver, and oil trading with STP/NDD technology and no conflict of interest with clients. NPBFX is a member of The Financial Commission, an international organization for dispute resolution on the financial market.
LMFX is a forex broker that was established in 2010 and offers a variety of trading instruments, including 47 currency pairs, metals, energies, indices, commodities, shares, ETFs, and cryptocurrencies. LMFX claims to offer fast trade execution, deep liquidity, and a powerful interface with MetaTrader 4 platform. LMFX also offers various bonuses, contests, and educational materials for traders.
NPBFX vs LMFX Regulation Comparison
NPBFX is regulated by the FSC (British Virgin Islands) with license number 24454 IBC 2018. NPBFX is also a member of The Financial Commission (United Kingdom) with registration date 22.12.2015. The Financial Commission provides compensation fund and insurance for traders’ protection.
LMFX is not regulated by any official authority or organization. LMFX states that it operates under the laws of Saint Vincent and the Grenadines, but this does not imply any regulatory oversight or supervision by the government of that country. LMFX is not a member of any dispute resolution or compensation scheme.
NPBFX vs LMFX Trading Assets Comparison
NPBFX offers 38 currency pairs, gold (XAUUSD), silver (XAGUSD), and oil (Brent and WTI) for trading. NPBFX does not offer any other instruments such as indices, commodities, stocks, or cryptocurrencies.
LMFX offers 47 currency pairs, metals (gold, silver, platinum, and palladium), energies (Brent, WTI, and natural gas), indices (12 major global indices), commodities (coffee, sugar, cotton, and cocoa), shares (50 US and European stocks), ETFs (12 exchange-traded funds), and cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash) for trading. LMFX has a wider range of trading instruments than NPBFX.
NPBFX vs LMFX Trading Fees Comparison
NPBFX has three types of accounts: Master (minimum deposit $10, variable spread from 0.6 pips, no commission), Expert (minimum deposit $5,000, variable spread from 0 pips, commission $10 per lot), and VIP (minimum deposit $50,000, variable spread from 0 pips, commission $8 per lot). NPBFX also charges swap fees for holding positions overnight and may charge conversion fees for deposits and withdrawals in different currencies.
LMFX has three types of accounts: Premium (minimum deposit $50, fixed spread from 1 pip, no commission), Fixed (minimum deposit $250, fixed spread from 1.8 pips, no commission), and Zero (minimum deposit $100, variable spread from 0 pips, commission $8 per lot). LMFX also charges swap fees for holding positions overnight and may charge fees for deposits and withdrawals depending on the payment method.
NPBFX vs LMFX Account Types Comparison
NPBFX offers three types of accounts: Master (suitable for beginners and experienced traders who prefer low spreads and no commissions), Expert (suitable for professional traders who prefer tight spreads and fast execution with commissions), and VIP (suitable for high-volume traders who prefer exclusive conditions and personal service). All accounts have a maximum leverage of 1:1000 and a minimum lot size of 0.01.
LMFX offers three types of accounts: Premium (suitable for traders who prefer fixed spreads and no commissions), Fixed (suitable for traders who prefer fixed spreads and no commissions with a higher minimum deposit), and Zero (suitable for traders who prefer variable spreads and low commissions). All accounts have a maximum leverage of 1:1000 and a minimum lot size of 0.01.
NPBFX vs LMFX Deposit Options Comparison
NPBFX offers various payment methods for deposits and withdrawals: WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, QIWI, Local bank transfer, and FasaPay. NPBFX does not charge any fees for deposits or withdrawals but may charge conversion fees for different currencies. The processing time for deposits is instant or up to 3 working days, depending on the method. The processing time for withdrawals is up to 3 working days, depending on the method.
LMFX offers various payment methods for deposits and withdrawals: Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, and Ethereum. LMFX does not charge any fees for deposits but may charge fees for withdrawals depending on the method. The processing time for deposits is instant or up to 2 working days, depending on the method. The processing time for withdrawals is up to 2 working days, depending on the method.
NPBFX vs LMFX Trading Platforms Comparison
NPBFX and LMFX both uses MetaTrader 4 as its trading platform, which is a popular and user-friendly platform that supports various features such as multiple chart types, indicators, expert advisors, scripts, and automated trading. Both offers MT4 for desktop, web, and mobile devices. Both also provides a VPS service for traders who want to run their EAs without interruption.
NPBFX vs LMFX Analytical Tools Comparison
NPBFX provides various analytical tools for traders, such as an economic calendar, trading signals, a trader’s calculator, a chat with an expert, and a portal with market analysis and news. NPBFX also offers free education materials such as webinars, articles, videos, and e-books on forex trading.
LMFX provides various analytical tools for traders, such as an economic calendar, trading calculators, a VPS hosting service, and a daily market analysis. LMFX also offers free education materials such as webinars, articles, videos, and e-books on forex trading.
NPBFX vs LMFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders. However, here are some possible factors that you may consider when choosing between NPBFX and LMFX:
- Regulation: NPBFX is regulated by the FSC (British Virgin Islands) and is a member of The Financial Commission (United Kingdom), which provides dispute resolution and compensation fund for traders. LMFX is not regulated by any official authority or organization and is not a member of any dispute resolution or compensation scheme. If you value security and protection, you may prefer NPBFX over LMFX.
- Trading Assets: NPBFX offers 38 currency pairs, gold, silver, and oil for trading. LMFX offers 47 currency pairs, metals, energies, indices, commodities, shares, ETFs, and cryptocurrencies for trading. If you value diversity and variety, you may prefer LMFX over NPBFX.
- Trading Fees: NPBFX has three types of accounts: Master (no commission, variable spread from 0.6 pips), Expert (commission $10 per lot, variable spread from 0 pips), and VIP (commission $8 per lot, variable spread from 0 pips). LMFX has three types of accounts: Premium (no commission, fixed spread from 1 pip), Fixed (no commission, fixed spread from 1.8 pips), and Zero (commission $8 per lot, variable spread from 0 pips). If you value low costs and transparency, you may prefer NPBFX’s Expert or VIP account or LMFX’s Zero account over the other accounts.
- Account Types: NPBFX offers three types of accounts: Master (minimum deposit $10), Expert (minimum deposit $5,000), and VIP (minimum deposit $50,000). LMFX offers three types of accounts: Premium (minimum deposit $50), Fixed (minimum deposit $250), and Zero (minimum deposit $100). If you value flexibility and accessibility, you may prefer NPBFX’s Master account or LMFX’s Premium or Zero account over the other accounts.
- Deposit and Withdrawal Options: NPBFX offers various payment methods for deposits and withdrawals: WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, QIWI, Local bank transfer, and FasaPay. LMFX offers various payment methods for deposits and withdrawals: Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, and Ethereum. If you value convenience and speed, you may prefer the payment method that suits your needs best.
- Trading Platforms: Both NPBFX and LMFX use MetaTrader 4 as their trading platform, which is a popular and user-friendly platform that supports various features such as multiple chart types, indicators, expert advisors, scripts, and automated trading. Both brokers offer MT4 for desktop, web, and mobile devices. Both brokers also provide a VPS service for traders who want to run their EAs without interruption. If you value functionality and reliability, you may not find much difference between NPBFX and LMFX in terms of trading platforms.
- Analytical Tools: Both NPBFX and LMFX provide various analytical tools for traders such as an economic calendar, trading signals or calculators, a chat with an expert or a VPS hosting service, and a portal or a daily market analysis with market news. Both brokers also offer free education materials such as webinars, articles, videos, and e-books on forex trading. If you value information and education, you may not find much difference between NPBFX and LMFX in terms of analytical tools.
