lmfx
patersons securities limited
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Overview
lmfx was founded in 2016 and is headquartered in Anguilla, while patersons securities limited was established in 2015 and is based in United States. lmfx holds licences including Financial Conduct Authority (FCA), while patersons securities limited is regulated by AFS Licence 234666 among others. lmfx serves 10,000+ clients worldwide; patersons securities limited has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| Min. Deposit | $250 | $250 |
| 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 | AFS Licence 234666 |
| Founded | 2016 | 2015 |
| Country | Anguilla | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between lmfx and patersons securities limited, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Neither broker charges withdrawal fees. patersons securities limited charges deposit fees; lmfx does not. Overall, lmfx scores higher on fees in our assessment.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
lmfx offers MT5, cTrader, while patersons securities limited supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. patersons securities limited supports social and copy trading features, which lmfx does not offer. patersons securities limited edges ahead on platform breadth and functionality in our scoring.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| 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, 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 lmfx and patersons securities limited 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. patersons securities limited scores higher overall in education and research.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
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 patersons securities limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 lmfx and patersons securities limited offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | lmfx | patersons securities limited |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |