FreshForex
lmfx
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while lmfx was established in 2016 and is based in Anguilla. FreshForex holds licences including SVGFSA 20623 IBC 2012, while lmfx is regulated by Financial Conduct Authority (FCA) among others. FreshForex serves 710,000+ clients worldwide; lmfx has 10,000+. The minimum deposit is $1 at FreshForex and $250 at lmfx.
| Feature | FreshForex | lmfx |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Regulation | SVGFSA 20623 IBC 2012 | 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 | 2004 | 2016 |
| Country | Russia | Anguilla |
| Clients | 710,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and lmfx, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $250 at lmfx). Neither broker charges withdrawal fees. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | lmfx |
|---|---|---|
| Min. Deposit | $1 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while lmfx supports MT5, cTrader. FreshForex supports social and copy trading features, which lmfx does not offer. lmfx edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | lmfx |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and lmfx compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. lmfx integrates third-party research tools (Trading Central); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FreshForex scores higher overall in education and research.
| Feature | FreshForex | lmfx |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while lmfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). lmfx uniquely supports PayPal among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | lmfx |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | lmfx |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |