LMFX vs Forex.com

LMFX vs Forex.com Comparison Table 2024
LMFX Forex.com
2.8
4.5

Forex.com is #1 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.

Customer Reviews
4.7
Bonus Offer
100% deposit bonus up to $30,000 Active Trader Program With A 15% Reduction In Costs
Comment by Reviewer
"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." "Forex.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Pros
  • 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
  • Forex.com is a respected and trusted broker overseen by tier-one regulators including the US SEC
  • Excellent trading tools including the Trading Central research dashboard and the SMART Signals price pattern scanner
  • You can enjoy industry-leading forex pricing starting from 0.0 pips, plus fast execution speeds of less than 1 second
  • The proprietary Webtrader is an excellent option for day traders, offering over 80 technical indicators for detailed analysis
  • Competitive cashback rebates up to 15% are available for active traders
  • The free demo account allows you to practice day trading strategies in a risk-free environment
  • There's a VPS hosting solution for those using automated trading strategies
  • The $100 minimum deposit requirement makes the broker accessible for beginners
Cons
  • Limited educational resources for newer traders
  • Unregulated status lowers its safety score
  • No cryptocurrency and Bitcoin trading
  • No support on weekends
  • The $15 monthly inactivity fee is higher than some competitors, including XM which only charges $5
  • It's a shame that there's no copy trading platform for beginners or signal providers
  • The investment offering varies between countries
Awards
  • Best CFD Broker 2022 - Rankia
  • Best HNW Service 2022 - Dubai Forex Expo
  • Best US Broker 2020 - DayTrading.com
  • Best US Broker 2019 - DayTrading.com
  • Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities Forex, Spot Metals
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Trading Platforms
  • MT4
  • MT4
  • MT5
  • TradingView
  • eSignal
  • AutoChartist
  • TradingCentral
Payment Methods
Debit Card, ACH Transfer, Wire Transfer
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
NFA, CFTC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes iOS & Android
App Review

Running alongside the MT4 and Web Trader platforms, the Forex.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.

Android App Rating
3.8
iOS App Rating
3.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
SMART Signals
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$15
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
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. CFD trading not offered
Leverage
1:1000 1:50
FTSE Spread
3.0 1.0
GBPUSD Spread
2.5 1.0
Oil Spread
0.7 0.04
Stocks Spread
Variable 0.1%
Forex Trading
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.com maintains its position as a leading FX broker, thanks to the 80+ currency pairs and some of the lowest fees in the industry. EUR/USD spreads come in as low as 0.0 with a $7 commission per $100k. The SMART Signals tool also uncovers forex price patterns from dozens of major markets.
Forex App

Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.

GBPUSD Spread
2.3 1.0
EURUSD Spread
1.9 1.0
EURGBP Spread
2.2 1.0
Assets
48 80+
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