IC Markets vs LMFX
| IC Markets | LMFX |
|---|---|
4.8
|
2.8
|
 Traders from US not accepted
|
Traders from US not accepted
|
|
IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand. |
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 | |
| 100% deposit bonus up to $30,000 | |
| Comment by Reviewer | |
| "IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders." | "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 | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | Forex, CFDs, indices, shares, commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $200 | $50 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, FSA | |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| Yes | 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 | |
| Yes | Yes |
| Mobile Apps | |
| iOS, Android & Windows | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| The IC Social app is easy-to-use and allows traders to learn, share and mirror positions in a few clicks. The app also hosts risk management tools and facilitates direct messaging and dedicated trading groups. Alternatively, IC Markets provides access to Signal Start, plus popular third-party copy trading tools - ZuluTrade and Myfxbook. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Signal Start | |
| 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 | |
|
|
| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage. | 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 | |
| 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | 1:1000 |
| FTSE Spread | |
| 1 | 3.0 |
| GBPUSD Spread | |
| 0.5 | 2.5 |
| Oil Spread | |
| 0.03 | 0.7 |
| Stocks Spread | |
| 0.02 | Variable |
| Forex Trading | |
| Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees. | 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 | |
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
|
| GBPUSD Spread | |
| 0.5 | 2.3 |
| EURUSD Spread | |
| 0.1 | 1.9 |
| EURGBP Spread | |
| 0.5 | 2.2 |
| Assets | |
| 55+ | 48 |
| Cryptocurrency | |
| IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet. | Crypto trading not offered |
| Spread | |
| BTC 0.4%, ETH 1% | |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| More Comparisons | |
|
IC Markets vs |
LMFX vs |