lmfx Alternatives: Pros, Cons, And How It Stacks Up Updated for 2025
This alternatives to lmfx guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to lmfx to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to lmfx like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that lmfx is not quite right for you then it would be worth getting a virtual account with a range of the top lmfx alternatives and check if they are a better fit for you before moving any money around.
The most detailed guide to lmfx alternatives online
There's a lot of reasons lmfx may not be a good fit for your trading needs. Whatever reason you are looking for the best lmfx alternative or lmfx competitor with similar services, we try to give you as much helpful information so you can find what it is you need. Below you can discover the most popular lmfx alternatives.
For each of the below alternative to lmfx, we also highlight the key differences to lmfx and for each section show you the best competitors. For every lmfx alternative online broker listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with lmfx, let us show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Having a professional and dependable trading platform is crucial to your trading success. All of the lmfx alternative brokers listed in this lmfx alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
lmfx has a minimum desposit of $250, you should check how the minimum deposit requirements of lmfx compare with the minimum deposit requirements of lmfx competitors. Online brokers offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
lmfx |
$250 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Demo Accounts
lmfx offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Below we list some of the best alternatives to lmfx that offer demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
lmfx |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
lmfx has negative balance protection. It is especially offered when the market volatility keeps customers from allowing their account go in the red. In such a scenario, lmfx offers the ability to reset a clients account balance to zero.
You can go through the important stipulations on lmfx's site to comprehend their policies.
Below we show some of the best alternatives to lmfx that have negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
lmfx |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
lmfx unfortunately, does not provide guaranteed stop loss. lmfx gives a chance to its traders to close their trade in their specified price. Apart from that, lmfx does not provide guaranteed stop loss.
Below we list some of the best lmfx alternatives that offer guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
lmfx |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
lmfx do allow scalping. Many traders across the world choose lmfx for their scalping services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps which allow this.
Below we show some of the best alternatives to lmfx that offer scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
lmfx |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
lmfx do allow hedging. Several traders around the world choose lmfx due to their hedging services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Below we show some of the top alternatives to lmfx that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
lmfx |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Regretably, lmfx does not offer social trading.
Below we show some of the best lmfx alternatives that have social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
lmfx |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Unfortunately, lmfx does not offer copy trading.
Below we show some of the top alternatives to lmfx that allow copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
lmfx |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare lmfx To All Other Brokers