IronFX
lmfx
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
IronFX was founded in 2010 and is headquartered in Cyprus, while lmfx was established in 2016 and is based in Anguilla. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IronFX serves 10,000+ clients worldwide; lmfx has 10,000+. The minimum deposit is $500 at IronFX and $250 at lmfx.
| Feature | IronFX | lmfx |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | 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 | 2010 | 2016 |
| Country | Cyprus | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IronFX and lmfx, directly affecting your bottom line as a trader. lmfx has a lower barrier to entry with a minimum deposit of $250 (vs $500 at IronFX). Neither broker charges withdrawal fees. IronFX charges deposit fees; lmfx does not. Overall, lmfx scores higher on fees in our assessment.
| Feature | IronFX | lmfx |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
IronFX offers MT4, MT5, cTrader, while lmfx supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IronFX supports social and copy trading features, which lmfx does not offer. IronFX edges ahead on platform breadth and functionality in our scoring.
| Feature | IronFX | 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, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | 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 IronFX and lmfx compare. lmfx runs regular live webinars; IronFX does not. Both provide video tutorials. lmfx publishes daily market commentary; IronFX 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 | IronFX | 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. IronFX 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 | IronFX | 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 IronFX and lmfx offer live chat support. Both provide phone support. Email support is available at both brokers. IronFX supports 2 languages and lmfx supports 8, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | IronFX | 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 |