lmfx
NordFX
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Overview
lmfx was founded in 2016 and is headquartered in Anguilla, while NordFX was established in 2008 and is based in Mauritius. lmfx holds licences including Financial Conduct Authority (FCA), while NordFX is regulated by VFSC (15008) among others. lmfx serves 10,000+ clients worldwide; NordFX has 10,000+. The minimum deposit is $250 at lmfx and $10 at NordFX.
| Feature | lmfx | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | 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 | VFSC (15008) |
| Founded | 2016 | 2008 |
| Country | Anguilla | Mauritius |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between lmfx and NordFX, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at lmfx). Neither broker charges withdrawal fees. NordFX applies inactivity fees on dormant accounts; lmfx does not. Overall, NordFX scores higher on fees in our assessment.
| Feature | lmfx | NordFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
lmfx offers MT5, cTrader, while NordFX supports MT4, MT5. Both brokers provide mobile trading apps for iOS and Android. NordFX supports social and copy trading features, which lmfx does not offer. NordFX edges ahead on platform breadth and functionality in our scoring.
| Feature | lmfx | NordFX |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how lmfx and NordFX compare. lmfx runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. lmfx publishes daily market commentary; NordFX does not. lmfx integrates third-party research tools (Trading Central); NordFX does not. lmfx maintains an archive of past webinars for on-demand viewing. The two brokers are evenly matched on educational content.
| Feature | lmfx | NordFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. lmfx accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while NordFX supports 4 (bank transfer, credit/debit card, Skrill, Neteller). lmfx uniquely supports PayPal among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | lmfx | NordFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 lmfx and NordFX offer live chat support. Both provide phone support. Email support is available at both brokers. lmfx supports 8 languages and NordFX supports 13, giving NordFX broader global reach. Both brokers are comparable on support quality.
| Feature | lmfx | NordFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay |