IIFL vs LMFX

IIFL vs LMFX Comparison Table 2023
IIFL LMFX
WINNER
IIFL is the better broker
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees. LMFX offers online forex and stock trading with low fees and high leverage.
Bonus
Gift vouchers worth up to ₹5000 100% deposit bonus up to $30,000
Instruments
Stocks, Futures, Options, Forex Forex, CFDs, indices, shares, commodities
Demo Account
No Yes
Minimum Deposit
1000 Rs $50
Payment Methods
Minimum Trade
0.01 lots
Regulator
SEBI
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No 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
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes 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
IIFL Markets & IIFL Mutual Funds Yes
Auto Trading
Yes (EAs)
Copy Trading
No No
Social Trading
No No
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
No No
Account Currencies
  • INR
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered CFD trading is available across multiple financial markets.
Leverage
1:1000
FTSE Spread
3.0
GBPUSD Spread<
2.5
Oil Spread
0.7
Stocks Spread
Variable
Forex Trading
IIFL offers forex trading on a range of pairs with the Indian Rupee (INR). FX trading is available on a range of currencies with tight spreads.
GBPUSD Spread
Not offered 2.3
EURUSD Spread
Not offered 1.9
EURGBP Spread
Not offered 2.2
Assets
20+ 48
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