ThinkMarkets vs lmfx, for 2022
|
|
|
ThinkMarkets Rating: 8.03 / 10 |
lmfx Rating: 4.85 / 10 |
|
71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
ThinkMarkets vs lmfx Guide |
|
Read our In-Depth ThinkMarkets vs lmfx Review - Updated for 2022
This ThinkMarkets vs lmfx review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs lmfx review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
lmfx Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between ThinkMarkets or lmfx. Who is better in 2022?
This ThinkMarkets vs lmfx review contains the most recent information so you can easily compare lmfx against ThinkMarkets.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of broker since you keep trading. For starters, you need to choose the right broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. ThinkMarkets and lmfx are just two such trading platforms which will take you and your investment to great heights. It is important that you compare ThinkMarkets vs lmfx before you trust them with your cash.
Our ThinkMarkets vs lmfx comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and lmfx side by side.
Our full ThinkMarkets vs lmfx Review covers everything you need to know about trading with either ThinkMarkets or lmfx. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
ThinkMarkets and lmfx are both brokers that have found their way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital facets of both ThinkMarkets and lmfx. This review will allow you to understand whether either lmfx or ThinkMarkets is a good fit for your own investments or not. We've attempted to breakdown all the features and charges for your advantage.
Compare ThinkMarkets vs lmfx
Every online trading platform has some ups and downs, and no ThinkMarkets and lmfx review would be complete without showing both sides. Compare ThinkMarkets and lmfx to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and lmfx Compared
ThinkMarkets has a minimum deposit of $0 while lmfx has a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets has around 1500 financial instruments whilst lmfx has around 1500 financial instruments available.
The more financial instruments you can trade on the ThinkMarkets 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 seriously do not want to miss out on a trading opportunity due to the limitations of ThinkMarkets or lmfx.
ThinkMarkets and lmfx Contact Details
Being able to contact your broker simply is a sign of a professional broker. ThinkMarkets and lmfx have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | ThinkMarkets | lmfx |
| Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | |
| support@thinkmarkets.com | ||
| Address | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom | |
| ThinkMarkets Twitter Account | lmfx Twitter Account | |
| ThinkMarkets Facebook Page | lmfx Facebook Page | |
| ThinkMarkets Instagram Account | lmfx Instagram Account | |
| ThinkMarkets LinkedIn Page | lmfx LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | lmfx YouTube Channel |
| Find Out More |
|
|
lmfx and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing ThinkMarkets and lmfx will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ThinkMarkets vs lmfx - Awards
|
|
||
|---|---|---|
| Broker | ThinkMarkets | lmfx |
| Awards |
ThinkMarkets have won many industry awards over the time they have been running as an online broker. We show the most recognised awards for ThinkMarkets here.
|
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 |
|
|
ThinkMarkets vs lmfx - Frequently Asked Questions
ThinkMarkets vs lmfx - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
lmfx was founded in 2016 and has its headquaters in Anguilla.
What is the minimum deposit for lmfx or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for lmfx is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and lmfx are a good choice.
ThinkMarkets vs lmfx - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
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 ThinkMarkets and lmfx have a powerful collection of rules for ensuring fair trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs lmfx Commission And Fees
ThinkMarkets and lmfx are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
However, this doesn't necessarily 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 sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither ThinkMarkets or lmfx charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees billed by ThinkMarkets and lmfx are comparatively higher. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This ThinkMarkets vs lmfx review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And lmfx
What Languages Do ThinkMarkets And lmfx Support?
Being able to chat completely with your online platform is a key part of comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading online.
Here you can find the languages that both ThinkMarkets and lmfx offer communication in.
How Many Clients Do ThinkMarkets and lmfx Have?
Both ThinkMarkets and lmfx are well known and trusted. 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 they already work with.
Below you will find details of how many customers ThinkMarkets and lmfx are active on their platform
|
|
||
|---|---|---|
| Broker | ThinkMarkets | lmfx |
| Clients / Users | 475,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do ThinkMarkets and lmfx Accept?
ThinkMarkets 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 ThinkMarkets and lmfx
What Can You Trade With ThinkMarkets and lmfx?
ThinkMarkets offers 1500 trading instruments while lmfx offers 154.
Below you will find a full breakdown of what both ThinkMarkets and lmfx offer.
Compare ThinkMarkets To All Other Brokers
Compare lmfx To All Other Brokers
