Sage FX vs LMFX

Sage FX vs LMFX Comparison Table 2024
Sage FX LMFX
3

Sage FX is #9 in our CFD broker rankings.

2.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.

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
$1,500 trading competition 100% deposit bonus up to $30,000
Comment by Reviewer
"Sage FX will suit forex traders looking for high leverage and ECN spreads. The broker's prop trading service will also appeal to users looking for funded accounts with up to $200K available." "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
  • Flexible accounts with STP and ECN solutions available
  • Prop trading accounts with multiple funding tiers
  • Ability to deposit and withdraw via Bitcoin
  • Bonus offers and trading competitions
  • Low starting deposit from $10
  • Fast withdrawal processing
  • High leverage up to 1:500
  • 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
  • Not regulated by any reputable body
  • Relatively narrow range of asset classes
  • Lacks educational resources and other extra features
  • Limited educational resources for newer traders
  • Unregulated status lowers its safety score
  • No cryptocurrency and Bitcoin trading
  • No support on weekends
Instruments
Forex, indices, cryptos Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Trading Platforms
  • TradeLocker
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
Pending
Margin Trading
No Yes
STP Account
Yes No
ECN Account
Yes No
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS and Android Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
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
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, metals, energies, indices, cryptos and dollar futures. Sage FX offers tight spreads and high leverage on all instruments from 1:100 to 1:500. 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
1:500 1:1000
FTSE Spread
5.0 3.0
GBPUSD Spread
0.9 2.5
Oil Spread
0.04 0.7
Stocks Spread
N/A Variable
Forex Trading
Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided. 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.
GBPUSD Spread
0.9 2.3
EURUSD Spread
0.9 1.9
EURGBP Spread
2.5 2.2
Assets
57 48
Cryptocurrency
Trade CFDs with leverage up to 1:100 on 23 crypto pairs with USD including popular tokens like Bitcoin and Ether and lesser-known options like OMG. On the downside, crypto-only pairs are not offered. Crypto trading not offered
Spread
Floating
Coins
  • BTC
  • XRP
  • LTC
  • DASH
  • ETH
  • EOS
  • NEO
  • TRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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