AvaTrade vs LMFX Compared in 2024

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AvaTrade vs LMFX: In a Nutshell

AvaTrade

AvaTrade is a global broker established in 2006. On its MetaTrader and proprietary platforms, you can trade over 1,000 forex, CFDs and forex options. Social traders can trade via AvaSocial, DupliTrade and ZuluTrade. AvaProtect, market news feed, and Trading Central analyses are some of the tools available to traders.

Risk warning: 71% of retail traders lose money

Go Markets Overview
  • Founded In: 2006
  • Minimum Deposit: $200
  • Maximum Leverage: 500:1
  • Regulations: FSC
  • Trading platform: MT4, MT5, Ctrader , Webtrader ,Mobile Trading Platforms
  • Account Types: Standard, Go Plus Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Neteller, PayTrust88, Poli, Skrill, XPAY
  • US Traders: Not Accept

LMFX

Traders who desire high leverage, multiple payment options, or even fixed spreads should consider trading with LMFX. Founded in 2015, the broker has successfully operated without hitches while growing its client base through the delivery of excellent services. Trading fees are low and there is an account type for every broker. 

AvaTrade vs LMFX : Side By Side Comparison

AvaTrade
LMFX
Product
Founded In
Founded In
2006
2015
Founded By
Founded By
Negev Shekel Nosatzki
Carter Anthony Smith
Headquarters
Headquarters
Dublin, Ireland
Skopje, North Macedonia
Regulations
Regulations
ASIC, FSCA, FSA, FFAJ ,CBI
None
Min Deposit
Min Deposit
$100
$50
Max Leverage
Max Leverage
30:1
1:1000
Tradable Assets
Tradable Assets
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Forex, stocks, indices, and commodities.
Fees
Fees
As low as 0.9 pips
Spread from
Platforms and Tools
Platforms and Tools
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
MT4
US Traders
US Traders
Not Allowed
Allowed

AvaTrade vs LMFX: Pros and Cons

AvaTrade Pros & Cons

LMFX Pros & Cons

Pros
  • The maximum leverage is as high as 1:1000.
  • Tight Spread Starting from 0  pips 
  • Free VPS for high-volume traders.
  •  Allow Scalping, News Trading, EA Trading
  • Does not have any FIFO Restrictions 
  • Deposit bonus and other bonuses.
  • Due to the absence of regulatory restrictions, the broker is open to clients worldwide
  • Multiple payment options including crypto and e-wallets.
  • 4 Types of accounts available ( Premium, Micro, Fixed Zero)
  • Traders are supported with trading tools like calculators, economic calendars, etc.
Cons
  • Not Regulated by Any Authority 
  • Crypto CFDs are not available to Trade 
  • No Investor Protection Scheme 
  •  No access to MetaTrader 5. Only MT4 and Webtrader are available. 
  • The minimum deposit for bank wire transfers is $250
  • Managed Accounts and Social Trading (MAM, PAMM Accounts) are not Available

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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