lmfx vs XM, for 2024
lmfx Rating
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XM Rating
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Your capital is at risk |
77.29% of retail investor accounts lose money when trading CFDs with this provider. |
lmfx vs XM Guide |
Read our In-Depth lmfx vs XM Review - for 2024
This review comparing lmfx and XM has been refreshed to reflect any changes for 2024 from seasoned professionals with years of financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of lmfx vs XM does not apply to all countries as follows:
lmfx Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare lmfx vs XM
Every trading platforms has certain advantages and disadvantages, and any comprehensive analysis of lmfx vs XM would not be complete without embracing an objective perspective.
Examine lmfx and XM to get a better understanding of the way these platforms line up to each prior to you choose to make an account. Conducting a comprehensive comparison helps to bring aspects into perspective so that you are aware of the expectations.
So you are looking for a professional broker and are choosing between lmfx or XM. Which one is best in 2024?
This lmfx vs XM comparison contains the most recent information so you can easily compare XM against lmfx.
If you're a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all the concepts of broker as you continue trading. For starters, you have to choose the ideal agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. lmfx and XM are two such stages that will take you and your investment to great heights. It's crucial that you compare lmfx vs XM until you trust them with your money.
Our lmfx vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust lmfx and XM side by side.
Our entire lmfx vs XM Review covers all you need to know about trading with either lmfx or XM. A good broker can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
lmfx and XM are both brokers which have forged their way successfully into the broker world. Within this review, we've attempted to collate a number of the vital facets of both lmfx and XM. This review will allow you to understand whether either XM or lmfx is a good match for your investments or not. We have tried to breakdown all the qualities and charges for your convenience.
Benefits of lmfx and XM Compared
lmfx offers a minimum deposit of $250 while XM offers a $5 minimum deposit.
Why smaller minimum deposits are good and how lmfx and XM 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.
lmfx has around 154 financial instruments whilst XM allows you to trade around 154 financial instruments on their platform.
The more financial instruments you can trade on the lmfx and XM trading 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 lmfx or XM.
lmfx and XM Contact Details
Being able to contact a broker simply is important. lmfx and XM have the following contact details and social medias that you can use.
Broker | lmfx | XM |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
lmfx Twitter Account | XM Twitter Account | |
lmfx Facebook Page | XM Facebook Page | |
lmfx Instagram Account | XM Instagram Account | |
lmfx LinkedIn Page | XM LinkedIn Page | |
YouTube | lmfx YouTube Channel | XM YouTube Channel |
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XM and lmfx 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 lmfx and XM we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. 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?
lmfx vs XM - Awards
Broker | lmfx | XM |
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Awards | At the time of writing this lmfx review, and despite lmfx’s impressive offering, the company has surprisingly not garnered any awards to date. |
XM have won numerous industry awards over the time they have been operating as an online broker. We list the most recognised awards for XM below.
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lmfx vs XM - Frequently Asked Questions
lmfx vs XM - Headquarters And Year Of Founding
lmfx was founded in 2016 and has its headquaters in Anguilla.
XM was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for XM or lmfx
The minimum deposit for lmfx is $250.
The minimum deposit for XM is $5.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both lmfx and XM are a good option.
lmfx vs XM - Regulation And Licencing In More Detail
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.
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both lmfx and XM have a strong collection 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 own privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare lmfx vs XM Commission And Fees
lmfx and XM are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither lmfx or XM charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees billed by lmfx and XM are comparatively lower. As a result, you are billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This lmfx vs XM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For lmfx And XM
What Languages Do lmfx And XM Support?
Being able to talk easily with your trading platform is a key part of comparing brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find the languages that both lmfx and XM support.
How Many Clients Do lmfx and XM Have?
Both lmfx and XM are well established with their client base. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients lmfx and XM are working with
Broker | lmfx | XM |
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Clients / Users | 10,000+ | 3,500,000+ |
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What Payment Methods Do lmfx and XM Accept?
lmfx and XM 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 lmfx and XM
What Can You Trade With lmfx and XM?
lmfx offers 154 trading instruments while XM offers 100.
Below you will find a full breakdown of what both lmfx and XM offer.
lmfx Review
lmfx vs XM:
Table Of Contents
- Compare lmfx vs XM
- Benefits of lmfx and XM Compared
- XM and lmfx Mobile App Comparison
- lmfx vs XM - Awards
- lmfx vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or lmfx
- lmfx vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For lmfx And XM
- What Languages Do lmfx And XM Support?
- How Many Clients Do lmfx and XM Have?
- What Payment Methods Do lmfx and XM Accept?
- What Can You Trade With lmfx and XM?