LMFX vs World Forex

LMFX vs World Forex Comparison Table 2024
LMFX World Forex
2.8
4

World Forex is #8 in our binary options 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.

World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

Bonus Offer
100% deposit bonus up to $30,000 100% Deposit Bonus
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." "World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
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
  • A wide range of assets to trade, including via digital contracts
  • Several different account types with varied pricing structures
  • MT4, MT5 and a proprietary trading terminal
  • Swap-free account available
  • 10+ accepted payment methods
  • Low deposit of $1
  • Copy trading solution
  • Educational content
  • STP/ECN technology
  • Demo account
  • VPS hosting
Cons
  • Limited educational resources for newer traders
  • Unregulated status lowers its safety score
  • No cryptocurrency and Bitcoin trading
  • No support on weekends
  • Weak regulation
  • Withdrawal fees apply
  • No negative balance protection
Instruments
Forex, CFDs, indices, shares, commodities Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account
Yes Yes
Minimum Deposit
$50 $1
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVGFSA
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No 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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes iOS, Android + Web Browser
App Review

The WorldForex Trader Lite app offers very basic mobile trading capabilities. It took upwards of 30+ minutes just to get access to the trading app, with a frustrating process to open an account. The mobile interface itself has a subpar look and feel, encompassing basic charts and order windows. The other issue is that it’s slow and sometimes lags when you move between features and place trades. Ultimately, it trails category leaders.

Android App Rating
1.3
iOS App Rating
1.3
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
No Yes
Copy Trading Platform
Use copy trading signals on MT4 to replicate strategies in your own live account. No additional fees apply and the platform is available via downloadable software plus a web-accessible solution.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
Yes Yes
Tournaments
No Yes
Demo Competitions
Yes Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • RUB
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. World Forex's leveraged CFDs are available on a modest suite of 100+ instruments, including stocks, commodities and forex. Very high leverage up to 1:1000 is available for account balances up to $1000, with lower levels available to accounts with higher balances.
Leverage
1:1000 1:1000
FTSE Spread
3.0 NA
GBPUSD Spread
2.5 NA
Oil Spread
0.7 NA
Stocks Spread
Variable From 0.03
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. World Forex offers CFD and digital contract trading on 53 forex pairs, including EUR/USD and GBP/EUR. High leverage is available for CFDs, which can be accessed with competitive spreads on certain account types.
GBPUSD Spread
2.3 From 0.6
EURUSD Spread
1.9 From 0.6
EURGBP Spread
2.2 From 0.6
Assets
48 53
Cryptocurrency
Crypto trading not offered Traders can access CFDs on crypto assets through World Forex's dedicated W-CRYPTO accounts, which offer leveraged cryptocurrency trading with spreads from zero. We rate that you can trade on 10 cryptos paired with the USD and EUR, while crypto-crypto pairs are also available.
Coins
  • BTC
  • DSH
  • LTC
  • ETH
  • ZEC
  • XRP
  • BCH
  • XMR
  • EOS
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.
Payout
100%
Expiry Times
1 minute - 7 days
Ladder Options
No No
Boundary Options
No No
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