Compare ThinkMarkets vs LMFX
What is ThinkMarkets? What is LMFX?
ThinkMarkets is an FCA and ASIC-regulated online broker that was established in 2010 and has offices in 11 countries. It offers CFD trading on over 4,000 instruments, including forex, cryptocurrencies, indices, commodities, share CFDs and metals. It also offers investing in ASX and Chi-X shares and ETFs with HIN ownership and a flat brokerage fee of $8. ThinkMarkets provides three trading platforms: ThinkTrader, MetaTrader 4 and MetaTrader 5.
LMFX is an online broker that was founded in 2015 and is based in Macedonia. It offers CFD trading on over 250 instruments, including forex, cryptocurrencies, indices, commodities, share CFDs and metals. It also offers a variety of bonuses, such as 100% credit bonus and 15% recovery bonus. LMFX provides one trading platform: MetaTrader 4.
ThinkMarkets vs LMFX Regulation Comparison
ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. These are two reputable and strict regulators that ensure high standards of investor protection, such as segregated client funds, negative balance protection, compensation schemes and anti-money laundering policies.
LMFX is not regulated by any major authority and operates under the jurisdiction of Macedonia, which is not known for its financial regulation. This means that LMFX clients may face higher risks and lower security of their funds.
ThinkMarkets vs LMFX Trading Assets Comparison
ThinkMarkets offers a wider range of trading assets than LMFX, with over 4,000 instruments compared to over 250 instruments. ThinkMarkets has more forex pairs (over 40 vs 47), more cryptocurrencies (12 vs 5), more indices (over 40 vs 13), more commodities (over 30 vs 17) and more share CFDs (over 3,000 vs over 100). ThinkMarkets also offers investing in ASX and Chi-X shares and ETFs, which LMFX does not.
ThinkMarkets vs LMFX Trading Fees Comparison
ThinkMarkets and LMFX both offer competitive spreads and commissions on their trading instruments. ThinkMarkets has three account types: Standard, ThinkZero and Invest. The Standard account has no commission but higher spreads, starting from 0.4 pips on EUR/USD. The ThinkZero account has lower spreads, starting from 0 pips on EUR/USD, but charges a commission of $3.5 per side per lot. The Invest account has no commission but charges a flat brokerage fee of $8 per trade for shares and ETFs.
LMFX has three account types: Premium, Fixed and Zero. The Premium account has no commission but higher spreads, starting from 1 pip on EUR/USD. The Fixed account has fixed spreads of 1.8 pips on EUR/USD but no commission. The Zero account has lower spreads, starting from 0.2 pips on EUR/USD, but charges a commission of $4 per side per lot.
ThinkMarkets vs LMFX Account Types Comparison
ThinkMarkets has three account types: Standard, ThinkZero and Invest. LMFX has three account types: Premium, Fixed and Zero.
ThinkMarkets and LMFX both offer three account types with different features and requirements. ThinkMarkets’ Standard account requires a minimum deposit of $250, while its ThinkZero account requires a minimum deposit of $500. ThinkMarkets’ Invest account requires a minimum deposit of $500 for Australian clients and $2,000 for international clients. LMFX’s Premium account requires a minimum deposit of $50, while its Fixed and Zero accounts require a minimum deposit of $250.
ThinkMarkets vs LMFX Deposit Options Comparison
ThinkMarkets and LMFX both offer a variety of payment methods for depositing and withdrawing funds from their accounts. ThinkMarkets accepts credit/debit cards, bank wire transfers, Skrill, Neteller, PayPal, BitPay and Poli as deposit methods. LMFX accepts credit/debit cards, bank wire transfers, Skrill, Neteller, FasaPay and Bitcoin as deposit methods.
Both brokers do not charge any fees on deposits. For withdrawals, ThinkMarkets accepts the same methods as deposits except for Poli. LMFX accepts the same methods as deposits except for FasaPay. Both brokers charge fees on withdrawals depending on the method used.
ThinkMarkets vs LMFX Trading Platforms Comparison
ThinkMarkets and LMFX both offer MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, expert advisors and automated trading.
ThinkMarkets also offers ThinkTrader and MetaTrader 5 as additional trading platforms. ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web. MetaTrader 5 is an upgraded version of MetaTrader 4 that has more technical indicators, timeframes, strategy tester and economic calendar.
ThinkMarkets vs LMFX Analytical Tools Comparison
ThinkMarkets and LMFX both offer various analytical tools to help their clients make informed trading decisions such as one-click trading, economic calendar, trading calculators, VPS hosting and daily market analysis on its platforms. Both brokers also offer educational materials, such as trading guides, expert insights and webinars.
ThinkMarkets 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 factors you may want to consider:
- Regulation: ThinkMarkets is regulated by two reputable and strict authorities, the FCA and the ASIC, while LMFX is not regulated by any major authority. This means that ThinkMarkets offers higher security and protection of your funds than LMFX. If you value safety and reliability, you may prefer ThinkMarkets over LMFX .
- Trading Assets: ThinkMarkets offers a wider range of trading assets than LMFX, with over 4,000 instruments compared to over 250 instruments. ThinkMarkets has more forex pairs, cryptocurrencies, indices, commodities and share CFDs than LMFX. ThinkMarkets also offers investing in ASX and Chi-X shares and ETFs, which LMFX does not. If you value diversity and flexibility, you may prefer ThinkMarkets over LMFX .
- Trading Fees: ThinkMarkets and LMFX both offer competitive spreads and commissions on their trading instruments. ThinkMarkets has three account types: Standard, ThinkZero and Invest. The Standard account has no commission but higher spreads, the ThinkZero account has lower spreads but charges a commission, and the Invest account has no commission but charges a flat brokerage fee for shares and ETFs. LMFX has three account types: Premium, Fixed and Zero. The Premium account has no commission but higher spreads, the Fixed account has fixed spreads but no commission, and the Zero account has lower spreads but charges a commission. Depending on your trading style and volume, you may find one of these account types more suitable for you than the others .
- Account Types: ThinkMarkets and LMFX both offer three account types with different features and requirements. ThinkMarkets’ Standard account requires a minimum deposit of $250, while its ThinkZero account requires a minimum deposit of $500. ThinkMarkets’ Invest account requires a minimum deposit of $500 for Australian clients and $2,000 for international clients. LMFX’s Premium account requires a minimum deposit of $50, while its Fixed and Zero accounts require a minimum deposit of $250. Depending on your budget and preferences, you may find one of these account types more affordable and convenient for you than the others .
- Deposit and Withdrawal Options: ThinkMarkets and LMFX both offer a variety of payment methods for depositing and withdrawing funds from their accounts. ThinkMarkets accepts credit/debit cards, bank wire transfers, Skrill, Neteller, PayPal, BitPay and Poli as deposit methods. LMFX accepts credit/debit cards, bank wire transfers, Skrill, Neteller, FasaPay and Bitcoin as deposit methods. Both brokers do not charge any fees on deposits. For withdrawals, ThinkMarkets accepts the same methods as deposits except for Poli. LMFX accepts the same methods as deposits except for FasaPay. Both brokers charge fees on withdrawals depending on the method used. Depending on your preferred payment method and convenience, you may find one of these brokers more suitable for you than the other .
- Trading Platforms: ThinkMarkets and LMFX both offer MetaTrader 4 as their main trading platform. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, charting tools, indicators, expert advisors and automated trading. ThinkMarkets also offers ThinkTrader and MetaTrader 5 as additional trading platforms. ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web. MetaTrader 5 is an upgraded version of MetaTrader 4 that has more technical indicators, timeframes, strategy tester and economic calendar. Depending on your preferred trading platform and features, you may find one of these brokers more suitable for you than the other .
- Analytical Tools: ThinkMarkets and LMFX both offer various analytical tools to help their clients make informed trading decisions. ThinkMarkets provides one-click trading, economic calendar, trading calculators, VPS hosting and daily market analysis on its platforms. LMFX provides one-click trading, economic calendar, trading calculators, VPS hosting and daily market analysis on its website. Both brokers also offer educational materials, such as trading guides, expert insights and webinars. Depending on your preferred analytical tools and learning resources, you may find one of these brokers more suitable for you than the other.
