Bitfinex
lmfx
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while lmfx was established in 2016 and is based in Anguilla. Bitfinex holds licences including Financial Services Provider (FSP), while lmfx is regulated by Financial Conduct Authority (FCA) among others. Bitfinex serves 10,000+ clients worldwide; lmfx has 10,000+. The minimum deposit is $100 at Bitfinex and $250 at lmfx.
| Feature | Bitfinex | lmfx |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Services Provider (FSP) | 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 | 2015 | 2016 |
| Country | New Zealand | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and lmfx, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at lmfx). Bitfinex charges withdrawal fees while lmfx does not, a notable advantage for frequent withdrawers. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | lmfx |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while lmfx supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which lmfx does not offer. The two brokers are closely matched on platform offering.
| Feature | Bitfinex | lmfx |
|---|---|---|
| MT4 | No | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android Apps,iPhone/iPad,Desktop | 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 Bitfinex and lmfx compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Bitfinex scores higher overall in education and research.
| Feature | Bitfinex | lmfx |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bitfinex 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 | Bitfinex | 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 Bitfinex and lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. Bitfinex supports 2 languages and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | Bitfinex | 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 |