AMarkets vs LMFX

AMarkets vs LMFX Comparison Table 2024
AMarkets	LMFX
Review 2.8	Review 2.8

AMarkets is an established forex and CFD broker registered in the Cook Islands. Founded in 2007, the brokerage has over 1 million clients and is regulated in several offshore jurisdictions, including St Vincent and the Grenadines and Mwali. Over 1400 instruments are available on the popular MT4 and MT5 platforms.	LMFX is an offshore CFD and forex broker with flexible account options that support trading with fixed or floating spreads, including a raw spread account with super tight pricing. The assets on offer include forex, stocks, indices and commodities, and very high leverage up to 1:1000 is available. The broker is based in Macedonia and was established in 2017.
Bonus Offer
25% welcome deposit bonus	100% deposit bonus up to $30,000
Comment by Reviewer
"The copy trading service at AMarkets will appeal to beginners while experienced traders will rate the wide range of trading products, including ETFs, bonds and cryptos."	"Experienced traders who want highly leveraged CFDs and a choice between fixed and floating spreads should consider LMFX. On the downside, new clients should note the weak regulatory oversight."
Pros
Cashback program with up to $17 rewarded for every lot traded, plus a VIP program with better trading conditions A range of trading tools including a calculator, economic calendar, and sentiment indicators Copy trading USD account with a $100 minimum deposit, leverage up to 1:500 and hedging Regular trading news, forex analysis and trading ideas in the broker's Telegram channel Micro Bitcoin (MBT) account available for beginners with a low 0.001 BTC deposit No fees for deposits and a range of fast methods, including crypto transfers Access to Autochartist analysis with signals and automated position entry	Excellent, flexible pricing options with raw and fixed spreads available Personal account manager available with Premium and Fixed accounts High leverage up to 1:1000, 1:400 or 1:250 depending on the account The world-leading MetaTrader 4 platform and app is available VPS will cater to automated trading strategies Bonuses, contests and awards Zero deposit fees
Cons
There are wider standard spreads than many competitors We found that educational materials trail alternatives No top-tier regulation reduces the trust score Withdrawal fees up to 1.8%	Limited educational resources for newer traders Unregulated status lowers its safety score No cryptocurrency and Bitcoin trading No support on weekends
Awards
Best Value Broker Middle East 2020 - Global Forex Awards Fastest Growing Forex Broker in the Middle East 2019 - Egypt Investment Expo Best Execution Speed Highest Client Success Rate 2014 - IAFT Awards Fastest Growing Broker 2013 - STP Broker Asia Best Educational Program 2011 - Show FX
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, bonds	Forex, CFDs, indices, shares, commodities
Demo Account
Yes	Yes
Minimum Deposit
$100	$50
Trading Platforms
MT4 MT5	MT4
Payment Methods
Credit Card FasaPay Mastercard Perfect Money Skrill Venmo Visa Wire Transfer	FasaPay Mastercard Neteller PayRedeem Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSA SVG
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
The copy trading service is a good option for newer traders and you can pick investors to follow based on their profitability, fees, number of followers and more. The $100 starting deposit is also accessible for beginners.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
	USD EUR
Stock Exchanges
	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index FTSE UK Index Nasdaq New York Stock Exchange
Commodities
Gold Silver	Coffee Copper Gold Palladium Platinum Silver Sugar
CFD Trading
Experienced traders can access leverage up to 1:1000 on a range of CFDs across metals, energies, indices and more. Beginners can also follow and copy successful CFD trades in the copy trading account.	Trade CFDs on forex, stocks, indices, commodities, metals and oil. Variable leverage is available depending on the account type up to a maximum of 1:1000, and traders can take part in various promotions.
Leverage
1:1000	1:1000
FTSE Spread
64	3.0
GBPUSD Spread
0.6	2.5
Oil Spread
3	0.7
Stocks Spread
Variable	Variable
Forex Trading
AMarkets offers a decent range of 42 majors, minors and exotics with low spreads from 0.2 pips in the ECN account. With that said, Standard account spreads come in at around 1.5 pips for EUR/USD, which is higher than the best forex brokers.	Trade 46 major, minor and exotic pairs via CFDs with tight spreads, low latency and VPS support for automated trading strategies. This will appeal to active forex day traders in particular.
GBPUSD Spread
0.6	2.3
EURUSD Spread
0.3	1.9
EURGBP Spread
1.5	2.2
Assets
42	48
Cryptocurrency
Access a decent range of crypto pairs against USD and deposit just 10 MBT to access the broker's Micro Bitcoin account. Deposit methods include Bitcoin, Binance Coin and Ethereum.	Crypto trading not offered
Spread
From 30
Coins
BTC BCH DSH ETC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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