FXChoice vs LMFX

FXChoice vs LMFX Comparison Table 2024
FXChoice	LMFX
FXChoice has closed.	Review 2.8

FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up.	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
50% or 65% Welcome Deposit Bonus	100% deposit bonus up to $30,000
Comment by Reviewer
"We recommend FXChoice for active traders with high leverage up to 1:1000, spreads from 0.0 pips and a five-tier loyalty program with fee rebates."	"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
Tight spreads starting from 0.0 pips Bitcoin deposits and withdrawals GPS robot 100k EA download Hedging and scalping allowed MT4 and MT5 downloads Commission-free trading FIFO rule not applicable Cryptocurrency trading Social trading solution Pips+ loyalty scheme VPS available	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
Limited selection of commodities Weak regulatory oversight	Limited educational resources for newer traders Unregulated status lowers its safety score No cryptocurrency and Bitcoin trading No support on weekends
Awards
Exceptional Customer Service 2019 - 2021 - LiveHelpNow
Instruments
CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares	Forex, CFDs, indices, shares, commodities
Demo Account
Yes	Yes
Minimum Deposit
$100	$50
Trading Platforms
MT4 MT5	MT4
Payment Methods
ADVcash Airtm AstroPay Bitcoin Payments Credit Card Debit Card Ethereum Payments FasaPay Mastercard Neteller PayRedeem Paysafecard Perfect Money POLi Skrill Sticpay Visa	FasaPay Mastercard Neteller PayRedeem Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	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
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	Yes
App Review
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions.
Social Trading
Yes	No
Trade Signals
Yes - MQL5
VPS Hosting
Yes	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 GBP CAD AUD	USD EUR
Stock Exchanges
Euronext FTSE UK Index Japan Exchange Group Nasdaq New York Stock Exchange S&P 500	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index FTSE UK Index Nasdaq New York Stock Exchange
Commodities
Gold Oil Silver	Coffee Copper Gold Palladium Platinum Silver Sugar
CFD Trading
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center.	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
1:200	1:1000
FTSE Spread
From $18.53	3.0
GBPUSD Spread
From $8	2.5
Oil Spread
From $40	0.7
Stocks Spread
Variable	Variable
Forex Trading
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit.	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.
Forex App
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders.
GBPUSD Spread
From $8	2.3
EURUSD Spread
From $5	1.9
EURGBP Spread
From $6.95	2.2
Assets
36	48
Cryptocurrency
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15.	Crypto trading not offered
Spread
0.11 - 3.0 pips
Coins
BTC LTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No

FXChoice has closed.	Review
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