lmfx
TopForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
lmfx was founded in 2016 and is headquartered in Anguilla, while TopForex was established in 2009 and is based in Cyprus. lmfx holds licences including Financial Conduct Authority (FCA), while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. lmfx serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $250 at lmfx and $100 at TopForex.
| Feature | lmfx | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| 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 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2009 |
| Country | Anguilla | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between lmfx and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at lmfx). TopForex charges withdrawal fees while lmfx does not, giving lmfx an edge for frequent withdrawers. Overall, TopForex scores higher on fees in our assessment.
| Feature | lmfx | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
lmfx offers MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. TopForex supports social and copy trading features, which lmfx does not offer. TopForex edges ahead on platform breadth and functionality in our scoring.
| Feature | lmfx | TopForex |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how lmfx and TopForex 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. TopForex scores higher overall in education and research.
| Feature | lmfx | TopForex |
|---|---|---|
| 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 TopForex supports 2 (bank transfer, credit/debit card). lmfx uniquely supports PayPal and Skrill and Neteller among the two brokers. lmfx scores higher on deposit and withdrawal flexibility.
| Feature | lmfx | TopForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both lmfx and TopForex offer live chat support. Both provide phone support. Email support is available at both brokers. lmfx supports 8 languages and TopForex supports 2, giving lmfx broader global reach. Both brokers are comparable on support quality.
| Feature | lmfx | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |