IC Markets vs lmfx, Who's Better?
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs lmfx Guide
Read our In-Depth IC Markets vs lmfx Review - 2024 Update
Our IC Markets vs lmfx review has been refreshed for 2024 from knowledgeable insiders with significant financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs lmfx does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
lmfx Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs lmfx
All trading platforms will have certain pros and cons, so any comprehensive analysis of IC Markets vs lmfx would not be complete without adopting an objective perspective.
Compare lmfx and IC Markets to get a better understanding of just how they compare against each before you decide to make an account. A comparative analysis will place factors in perspective so that you are cognizant of what to expect.
So you are looking for a professional broker and are choosing between IC Markets or lmfx. Who is better in 2024?
This IC Markets vs lmfx comparison contains the latest information so you can easily compare lmfx against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and lmfx are two such companies which will take you along with your investment into great heights. It's crucial to compare IC Markets vs lmfx before you trust them with your money.
Our IC Markets vs lmfx comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and lmfx side by side.
Our entire IC Markets vs lmfx Review covers all you need to learn about trading using either IC Markets or lmfx. A good agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and lmfx are both brokers that have paved their way successfully into the brokerage world. In this review, we've attempted to collate a number of the vital facets of both IC Markets and lmfx. This review will allow you to understand whether either lmfx or IC Markets is a good match for your investments or not. We've tried to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and lmfx Compared
IC Markets offers a minimum deposit of $200 while lmfx offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and lmfx compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst lmfx allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and lmfx platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of IC Markets or lmfx.
IC Markets and lmfx Contact Details
Being able to contact a broker easily is important. IC Markets and lmfx have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|lmfx Twitter Account
|IC Markets Facebook Page
|lmfx Facebook Page
|IC Markets Instagram Account
|lmfx Instagram Account
|IC Markets LinkedIn Page
|lmfx LinkedIn Page
|IC Markets YouTube Channel
|lmfx YouTube Channel
|Find Out More
lmfx and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of IC Markets and lmfx we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs lmfx - Awards
IC Markets have won several industry awards over the years they have been operating as a financial broker. We list the most notable awards for IC Markets below.
|At the time of writing this lmfx review, and despite lmfx’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs lmfx - Frequently Asked Questions
IC Markets vs lmfx - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
lmfx was founded in 2016 and has its headquaters in Anguilla.
What is the minimum deposit for lmfx or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for lmfx is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and lmfx are a good option.
IC Markets vs lmfx - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
lmfx is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F271.
Both IC Markets and lmfx have a strong set of rules for ensuring honest trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs lmfx Commission And Fees
IC Markets and lmfx are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or lmfx charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees billed by IC Markets and lmfx are relatively lower. Consequently, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This IC Markets vs lmfx review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And lmfx
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What Languages Do IC Markets And lmfx Support?
Being able to chat easily with your trading broker is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find the languages that both IC Markets and lmfx offer communication in.
How Many Clients Do IC Markets and lmfx Have?
Both IC Markets and lmfx are well established with their customer base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users IC Markets and lmfx are active on their platform
|Clients / Users
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What Payment Methods Do IC Markets and lmfx Accept?
IC Markets and lmfx both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and lmfx
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What Can You Trade With IC Markets and lmfx?
IC Markets offers 232 trading instruments while lmfx offers 154.
Below you will find a full breakdown of what both IC Markets and lmfx offer.
IC Markets Review
IC Markets vs lmfx:
Table Of Contents
- Compare IC Markets vs lmfx
- Benefits of IC Markets and lmfx Compared
- lmfx and IC Markets Mobile App Comparison
- IC Markets vs lmfx - Awards
- IC Markets vs lmfx - Frequently Asked Questions
- What is the minimum deposit for lmfx or IC Markets
- IC Markets vs lmfx - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And lmfx
- What Languages Do IC Markets And lmfx Support?
- How Many Clients Do IC Markets and lmfx Have?
- What Payment Methods Do IC Markets and lmfx Accept?
- What Can You Trade With IC Markets and lmfx?