Eightcap vs LMFX

Eightcap vs LMFX Comparison Table 2023
Eightcap LMFX
4.6
2.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With 5 global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.

LMFX offers online forex and stock trading with low fees and high leverage.

Bonus Offer
100% deposit bonus up to $30,000
Comment by Reviewer
"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
Pros
  • Sophisticated platforms including MetaTrader 4 and TradingView
  • Raw spreads from 0.0 pips and a competitive $3.5 per lot commission
  • Flexible and fee-free payment methods including cryptocurrencies
  • 100+ crypto derivatives, more than most brokers, including crypto crosses and indices
  • Strong trading education and analysis including forex guides and online webinars
  • Cryptocrusher market scanner with sentiment indicators, news and trading signals
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
Cons
  • Cryptocrusher platform not available for Australian clients
  • Not as many shares as other brokers
  • Only four commodities available
Awards
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Global Forex MT4 Broker 2020 - Global Forex Awards
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
£/€/$100 $50
Payment Methods
Minimum Trade
0.01 lots 0.01 lots
Regulator
ASIC, VFSC
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
Yes 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
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Capitalise.ai & Expert Advisors Yes (EAs)
Copy Trading
No No
Social Trading
No No
Trade Signals
Cryptocrusher - signals for cryptocurrencies
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Skilling also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView. CFD trading is available across multiple financial markets.
Leverage
1:30 - 1:500 depending on local regulation 1:1000
FTSE Spread
1.2 3.0
GBPUSD Spread
1.0 but 0.0 on Raw Account 2.5
Oil Spread
0.03 0.7
Stocks Spread
$0.02 per share, per side ($4 per lot round turn) Variable
Forex Trading
Trade 40+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. FX trading is available on a range of currencies with tight spreads.
GBPUSD Spread
1.0 but 0.0 on Raw Account 2.3
EURUSD Spread
1.0 but 0.0 on Raw Account 1.9
EURGBP Spread
1.0 but 0.0 on Raw Account 2.2
Assets
40+ 48
Cryptocurrency
Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid. Crypto trading not offered
Spread
From $0
Coins
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • BNB
  • LTC
  • TRX
  • BCH
  • XRP
  • EOS
  • DOT
  • LINK
  • MATIC
  • SHIB
  • BSV
  • VET
  • AXS
  • NEO
  • SOL
  • XLM
  • UNI
  • DASH
  • AAVE
  • KSM
  • THETA
  • CAKE
  • SUSHI
  • ATOM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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