Binary.com
lmfx
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while lmfx was established in 2016 and is based in Anguilla. Binary.com holds licences including Unregulated, while lmfx is regulated by Financial Conduct Authority (FCA) among others. Binary.com serves 10,000+ clients worldwide; lmfx has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | Binary.com | lmfx |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Unregulated | 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 |
| Founded | 2014 | 2016 |
| Country | United States | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and lmfx, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Binary.com charges withdrawal fees while lmfx does not, a notable advantage for frequent withdrawers. Binary.com applies inactivity fees on dormant accounts; lmfx does not. Binary.com charges deposit fees; lmfx does not. Overall, lmfx scores higher on fees in our assessment.
| Feature | Binary.com | lmfx |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Binary.com offers MT4, MT5, cTrader, while lmfx supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Binary.com supports social and copy trading features, which lmfx does not offer. Binary.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Binary.com | lmfx |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,iOS,MacBook,iPhone | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary.com and lmfx compare. lmfx runs regular live webinars; Binary.com does not. Both provide video tutorials. lmfx publishes daily market commentary; Binary.com does not. Both integrate third-party research tools. lmfx maintains an archive of past webinars for on-demand viewing. lmfx scores higher overall in education and research.
| Feature | Binary.com | lmfx |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binary.com accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while lmfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). lmfx uniquely supports PayPal and Skrill and Neteller among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | Binary.com | lmfx |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Binary.com and lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. Binary.com supports 2 languages and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | Binary.com | lmfx |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |