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Do you want to know which is the better broker between JFD and LMAX Group ?
In the table below, you can compare the features of JFD , LMAX Group side by side to determine the best fit for your needs.
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EURUSD:0.6
EURUSD:-1.6
EURUSD:28.92
XAUUSD:30.24
EURUSD: -7.35 ~ -2.37
XAUUSD: -14.74 ~ -11.28
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of jfd, lmax-global lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
JFD Review Summary in 10 Points | |
Founded | 2011 |
Registered Country/Region | United Kingdom |
Regulation | CySEC, BaFin, BDF |
Market Instruments | Forex, Precious Metals, CFDs, Indices, Stocks, Crypto, Commodities, ETFs & ETNs |
Demo Account | Available |
Leverage | 1:30/1:400 |
EUR/USD Spread | 0.3 pips |
Trading Platforms | MT4+, MT5+, WebTrader, stock 3 |
Minimum deposit | $/€/£/Fr500 |
Customer Support | 24/5 live chat, phone, email |
JFD, also known as JFD Group Ltd, is a multi-regulated online trading and investment services provider founded in 2011, headquartered in Limassol, Cyprus, with offices in Germany and Spain. The company offers access to a wide range of financial instruments, including Forex, CFDs, indices, stocks, commodities, and cryptocurrencies. JFD is known for its transparent and customer-centric approach, providing clients with advanced trading platforms, competitive pricing, and a range of educational resources.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
JFD offers several notable advantages, including multi-regulation from respected authorities, a wide range of financial instruments, and transparent pricing with competitive spreads and commissions. Traders can also benefit from advanced trading platforms and access to research and educational resources.
However, it's important to consider the higher minimum deposit requirement and the reports of withdrawal issues that some users have encountered.
Pros | Cons |
• Multi-regulated by CySEC, BaFin, BDF | • Reports of withdrawal issues |
• Wide range of financial instruments | • Regional restrictions |
• Demo accounts available | • Only one type of account |
• Transparent pricing | • No Swap-free accounts |
• Advanced trading platforms - MT4/5 | • Higher minimum deposit |
• Multiple payment methods | • Deposit/withdrawal fees charged |
• Research and educational resources |
Overall, JFD can be a suitable choice for traders looking for a regulated broker with diverse trading options, but it's crucial to exercise caution and conduct thorough research before making any decisions.
There are many alternative brokers to JFD depending on the specific needs and preferences of the trader. Some popular options include:
Hantec Markets - A reliable choice for traders with its strong regulatory oversight and competitive trading conditions.
FxPrimus - A trusted broker with a focus on client protection and a wide range of trading instruments, suitable for both beginner and experienced traders.
Vantage FX - An established broker offering diverse trading options, advanced platforms, and competitive pricing, making it a preferred choice for active traders.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
JFD is regulated by reputable financial authorities such as Cyprus Securities and Exchange Commission (CYSEC, License No. 150/11), Germany Federal Financial Supervisory Authority (BaFin, License No. 126399), and France Banque de France (BDF, License No. 74013). These regulatory licenses indicate that JFD adheres to certain standards and regulations to ensure the safety and protection of client funds.
Additionally, the provision of negative balance protection is an added safety feature that safeguards clients from potentially owing more than their initial investment. However, it's important to note that while regulatory oversight and negative balance protection are positive factors, it's always recommended to conduct thorough research and due diligence before engaging with any broker.
JFD offers 1,500+ financial instruments across 9 asset classes. The available instruments include Forex currency pairs, allowing traders to participate in the global currency market. Precious metals such as gold and silver are also available for those looking to invest in safe-haven assets.
Additionally, JFD offers Contracts for Difference (CFDs) on various indices, giving traders exposure to the performance of major stock indices around the world. Stocks of leading companies can also be traded, allowing investors to take positions in individual equities.
Furthermore, JFD provides access to cryptocurrencies, commodities, and ETFs & ETNs, offering opportunities for diversification and potential profit in these markets. With a comprehensive selection of market instruments, JFD caters to the diverse trading needs and strategies of its clients.
JFD offers traders an account type with a minimum deposit of $/€/£/Fr500. While this requirement may be higher compared to some other brokers, it may attract more serious and experienced traders who are willing to commit a larger capital.
The margin call level of 100% ensures that traders receive notifications when their account equity falls below the required margin, helping them manage their positions effectively. The stop out level of 50% serves as a safety net, automatically closing positions when the account equity reaches a specified level, preventing further losses.
Additionally, JFD offers free demo accounts, allowing traders to practice and test their strategies in a risk-free environment before committing real funds.
JFD is subject to the laws and regulations of each jurisdiction in which it operates. For this reason, JFD often employs a small leverage ratio. In addition, traders based in Europe can utilize a maximum leverage of 1:30 on Forex products, while traders based elsewhere who use JFD can ask for a leverage of up to 1:400. The leverage is 1:30 for major currency pairs, 1:20 for minor currency pairs, 1:20 for gold trading, 1:5 for silver trading, and 1:5 for stocks trading.
JFD offers competitive spreads and commissions on a wide range of trading instruments. The EUR/USD pair, for example, has a floating spread of approximately 0.3 pips, which is favorable for traders looking to engage in forex trading. The specific spreads for other trading instruments can be found on JFD's website or through the provided screenshot.
In terms of commissions, JFD charges $3/€2.75/£2.5/Fr3 per lot per side for forex and precious metals trading, providing transparency and clarity for traders. For indices and commodities, the commission is $/€/£/Fr0.1 per CFD per side, ensuring a cost-effective trading experience.
When it comes to stocks trading, JFD applies a commission structure of $0.02 per share with a minimum ticket charge of $5 per side for US stocks. For French, German, Dutch, Spanish, and UK stocks, the commission is 0.05% of the order volume with a minimum ticket fee of $5 per side.
Crypto trading does not attract any commission charges, making it an attractive option for traders interested in this asset class. Lastly, for ETFs & ETNs, JFD applies a commission of $0.025 per share with a minimum ticket charge of $5.
Trading Instrument | Commission |
Forex / precious metals | $3/ €2.75/£2.5/Fr3 per lot per side |
Indices / commodities | $/€/£/Fr0.1 per CFD per side |
US stocks | $0.02 per share / minimum ticket charge $5 per side |
French / German / Dutch / Spanish / UK stocks | 0.05% of order volume / minimum ticket fee of $5 per side |
crypto | 0% |
ETFs / ETNs | $0.025 per share / minimum ticket charge $5 |
Overall, JFD's spreads and commissions are competitive and provide traders with transparent and fair pricing structures for their trading activities.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commission (per lot per side) |
JFD | 0.3 | $3/€2.75/£2.5/Fr3 (Forex / precious metals) |
Hantec Markets | 0.2 | $6 |
FxPrimus | 0.5 | $5 |
Vantage FX | 0.0 | $7 |
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
JFD provides a range of robust trading platforms to cater to the diverse needs of its clients. Traders have the option to choose from MetaTrader 4+ (MT4+), MetaTrader 5+ (MT5+), and JFD's own proprietary platform called Stock 3. The popular MetaTrader platforms offer advanced charting capabilities, a wide range of technical indicators, and the ability to execute trades efficiently.
Traders can access MT4+ and MT5+ not only on desktop but also through the web-based versions, known as MT4+ WebTrader and MT5+ WebTrader. These web-based platforms enable traders to access their accounts and trade from any device with an internet connection, providing flexibility and convenience.
Additionally, JFD's proprietary platform, Stock 3, offers a unique trading experience tailored to stock trading, providing traders with the tools and features necessary for efficient stock market analysis and execution.
With a choice of these powerful trading platforms, JFD ensures that traders have the tools and technology they need to execute their trading strategies effectively and make informed investment decisions.
See the trading platform comparison table below:
Broker | Trading Platforms |
JFD | MetaTrader 4+, MT4+ WebTrader, MetaTrader 5+, MT5+ WebTrader |
Hantec Markets | MetaTrader 4, Currenex, Hantec Web Trader |
FxPrimus | MetaTrader 4, MetaTrader 5 |
Vantage FX | MetaTrader 4, MetaTrader 5, WebTrader |
JFD offers a variety of convenient and secure payment methods for both deposits and withdrawals. Traders can fund their accounts using popular options such as Visa, MasterCard, Maestro, Skrill, Neteller, nuvei, Sofort, bank wire, and payabl.
The minimum deposit requirement is set at $/€/£/Fr500, ensuring accessibility for traders with different budget sizes.
JFD | Most other | |
Minimum Deposit | $/€/£/Fr500 | $100 |
Deposit and withdrawal fees may vary depending on the chosen payment method. To obtain specific details regarding these fees, traders can refer to the broker's website.
JFD values the importance of excellent customer service and aims to provide reliable support to its clients. With a dedicated team available 24/5, traders can reach out to JFD through various channels, including email, telephone, and live chat. This ensures prompt assistance and allows traders to address any inquiries or trading-related issues they may encounter.
In addition to traditional communication methods, JFD also maintains an active presence on popular social media platforms such as Linkedin, Twitter, Facebook, YouTube, and Telegram. By following JFD on these platforms, traders can stay updated on the latest news, market insights, educational resources, and more.
JFD also provides a Frequently Asked Questions (FAQ) section on its website where you can find answers to common queries regarding account opening, platform usage, and more. The FAQ section can be a helpful resource for obtaining quick and concise information about various aspects of trading with JFD.
The comprehensive customer service offered by JFD reflects their commitment to ensuring a positive trading experience for their clients.
Pros | Cons |
• Multiple contact channels | • No 24/7 customer support |
• 24/5 live chat support | |
• Active presence on popular social media | |
• FAQ section is available |
Note: These pros and cons are subjective and may vary depending on the individual's experience with JFD's customer service.
On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
JFD provides a range of educational resources to support traders in enhancing their knowledge and skills in the financial markets. Traders can benefit from research and analysis materials, which offer insights into market trends, news, and technical analysis.
Additionally, JFD offers webinars and live events where traders can learn from industry experts and gain practical trading tips. The broker also provides a comprehensive trading glossary, which serves as a valuable reference tool for understanding trading terminology and concepts.
By offering these educational resources, JFD demonstrates its commitment to empowering traders and equipping them with the necessary knowledge to make informed trading decisions.
In conclusion, JFD is a regulated broker with a strong reputation and years of industry experience. It offers a diverse range of financial instruments, competitive spreads, and commissions. The availability of multiple trading platforms, along with research and educational resources, adds to its appeal. However, it's worth noting the higher minimum deposit requirement and some reports of withdrawal issues. Traders should carefully consider these factors and conduct their own due diligence before engaging with JFD. Overall, JFD presents a solid option for traders seeking a regulated brokerage, but caution is advised.
Q 1: | Is JFD regulated? |
A 1: | Yes. It is regulated by CySEC, BaFin, and BDF. |
Q 2: | At JFD, are there any regional restrictions for traders? |
A 2: | Yes. A restriction on offering investment services applies to residents of certain jurisdictions including the USA, Russia, Belarus, Poland, Latvia, Japan, Australia, New Zealand, Singapore, Egypt, Czech Republic, UK and to residents of other countries whose domestic regulations classify such investment offering as prohibited. |
Q 3: | Does JFD offer demo accounts? |
A 3: | Yes. |
Q 4: | Does JFD offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports MT4+, MT5+, WebTrader, and stock 3. |
Q 5: | What is the minimum deposit for JFD? |
A 5: | The minimum initial deposit to open an account is $/€/£/Fr500. |
Q 6: | Is JFD a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Though it is a regulated broker and offers quite competitive trading conditions and the leading trading platforms, the initial deposit requirement is too high for beginners. |
LMAX Group Review Summary in 10 Points | |
Founded | 2010 |
Headquarters | London, UK |
Regulation | FCA, CYSEC |
Market Instruments | Forex, precious metals, stock indices, commodities, cryptocurrencies |
Demo Account | Available |
Leverage | 1:100 (forex), 1:50 (metals and commodities) |
EUR/USD Spread | 0.2 pips |
Trading Platforms | LMAX Global, MetaTrader4 |
Minimum deposit | $1,000 |
Customer Support | 24/7 phone, email, and live chat |
LMAX Group is a UK-based multilateral trading facility (MTF) that offers forex and cryptocurrency trading to retail and institutional clients. It was founded in 2010 and is regulated by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CYSEC). LMAX is known for its transparent and fair execution model, as well as its low latency and high-speed trading technology. The company's headquarters are located in London, and it has additional offices in New York, Tokyo, and Hong Kong.
LMAX is an electronic communication network (ECN) broker that operates a multilateral trading facility (MTF) for forex and cryptocurrency trading. It is a pure agency broker, which means it does not take positions against its clients and earns revenue solely from commissions and fees. LMAX provides institutional and retail traders with deep liquidity, fast execution, and transparent pricing through its proprietary trading platform, LMAX Global.
LMAX has several advantages, such as being a regulated broker, offering transparent and direct market access, providing a range of trading instruments, and offering a professional trading platform.
On the other hand, LMAX has some drawbacks, including limited account types and high minimum deposit requirements.
Pros | Cons |
• Regulated by FCA and CySEC | • High minimum deposit requirement |
• Offers DMA (Direct Market Access) | •High commission fees |
• Low latency and fast trade execution | • No social trading or copy trading features |
• Transparent pricing and deep liquidity | |
• Advanced trading technology and tools | |
• Professional and institutional grade services | |
• Segregated client funds and investor protection |
Note: This table is not an exhaustive list of all the pros and cons of LMAX and is only meant to provide a general overview.
Overall, LMAX is a suitable choice for experienced traders who value direct market access and professional trading tools.
There are many alternative brokers to LMAX Group depending on the specific needs and preferences of the trader. Some popular options include:
IG
Saxo Bank
CMC Markets
Admiral Markets
Pepperstone
IG, Saxo Bank, and CMC Markets are all well-established and reputable brokers, with strong regulatory oversight and a range of trading instruments and platforms available to their clients. Admiral Markets and Pepperstone are both popular among traders for their low spreads, fast execution speeds, and user-friendly platforms.
Some traders may prefer brokers with a wider range of trading instruments than what LMAX offers, and these alternative brokers may fit the bill. Additionally, some traders may prefer brokers with more robust educational and research resources, and may find these alternative brokers more suitable in that regard. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
As a regulated broker by reputable financial authorities such as FCA and CySEC, LMAX is considered a reliable broker. The company also prioritizes the security of its clients' funds by keeping them in segregated accounts and offering negative balance protection.
Protection Measures | Detail |
Regulation | FCA, CySEC |
Segregated client funds | To protect them in case of any financial difficulties or insolvency |
Financial Services Compensation Scheme (FSCS) | A member of the FSCS, which provides eligible clients with protection up to £85,000 per person in the event of the broker's insolvency |
Negative balance protection | Ensures that clients can never lose more than their account balance |
Two-factor authentication | Adds an extra layer of security to clients' accounts |
SSL encryption | To protect clients' personal and financial information from unauthorized access |
Note that this table is for informational purposes only and is not exhaustive. It is important to conduct your own research and due diligence when choosing a broker.
LMAX is a highly regulated and reputable broker that takes the security of its clients' funds seriously. It is regulated by the FCA and CYSEC, and it implements various measures to ensure the safety of its clients' funds, such as holding them in segregated accounts and offering negative balance protection. Overall, LMAX appears to be a reliable and trustworthy broker.
LMAX provides access to a range of financial instruments across various asset classes, including:
Forex: Major, minor, and exotic currency pairs
Indices: CFDs on major global indices, including UK100, GER30, US30, and more
Commodities: Precious metals such as gold and silver, as well as energy products like crude oil and natural gas
Cryptocurrencies: CFDs on Bitcoin, Ethereum, Litecoin, and Ripple
It is important to note that the range of trading instruments may vary depending on the specific entity of LMAX and the jurisdiction in which it operates.
LMAX offers different account types, each with different features and benefits:
LMAX Global Account: This account is designed for institutions, hedge funds, asset managers, and professional traders. It offers access to the LMAX Global trading platform, deep liquidity, and low latency execution.
LMAX Professional Account: This account is designed for experienced traders and offers access to the LMAX Exchange central limit order book, low latency execution, and competitive pricing.
LMAX Prime Account: This account is designed for brokers, banks, and other financial institutions that want to access LMAX Exchange liquidity and offer it to their clients. It offers deep liquidity, low latency execution, and access to a range of trading tools and services.
LMAX Interbank Account: This account is designed for banks and other financial institutions that want to access LMAX Exchange liquidity and offer it to their clients. It offers deep liquidity, low latency execution, and access to a range of trading tools and services.
All of these accounts have different minimum deposit requirements and fee structures.
The maximum leverage offered by LMAX varies based on the account type and the asset being traded. For example, the maximum leverage for forex trading is up to 1:100, while for metals and commodities, it is up to 1:50.
It's important to note that leverage can increase both potential profits and losses, so it should be used with caution.
LMAX offers a variable spread on EUR/USD, which can start from as low as 0.2 pips during peak trading hours. However, the average spread is usually around 0.5-1 pip. It's worth noting that the spread can widen during periods of low liquidity or high market volatility.
The commission fee varies depending on the account type and the trading volume of the client. Here is a breakdown of the commission fees for LMAX:
LMAX Global: The commission for forex pairs ranges from $2.5 to $4.5 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1.25 to $5 per lot traded, depending on the instrument and the trading volume.
LMAX Professional: The commission for forex pairs ranges from $2 to $3 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1 to $3 per lot traded, depending on the instrument and the trading volume.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
LMAX | 0.2 pips | $2-$4.5 per lot/trade |
IG | 0.6 pips | None |
Saxo Bank | 0.9 pips | None |
CMC Markets | 0.7 pips | None |
Admiral Markets | 0.5 pips | $6 per lot/trade |
Pepperstone | 0.16 pips | $3.76 per lot/trade |
Note that the above information may vary depending on the account type, trading platform, and other factors. It's always a good idea to check with the broker directly for the most up-to-date and accurate information.
LMAX offers its proprietary trading platform called LMAX Global, which is a web-based platform accessible from any device with an internet connection. It also offers connectivity through industry-standard APIs, allowing clients to connect directly to LMAX Global's liquidity pool through third-party platforms.
Additionally, LMAX offers the MetaTrader 4 platform for traders who prefer using a familiar interface.
See the trading platform comparison table below:
Broker | Trading Platforms |
LMAX | LMAX Global, MT4 |
IG | IG Trading, MT4 |
Saxo Bank | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, MT4 |
CMC Markets | MT4, proprietary mobile trading platform |
Admiral Markets | MT4, MT5, proprietary Supreme platform |
Pepperstone | MT4, MT5, cTrader |
Overall, LMAX Group's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.
LMAX offers a variety of deposit and withdrawal methods, including:
Bank Wire Transfer
Debit/Credit Cards (Visa and Mastercard)
Skrill
Neteller
LMAX does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider or bank involved in the transaction.
The minimum deposit requirement for LMAX varies depending on the type of account. The LMAX Global account has a minimum deposit requirement of $1,000, while the LMAX Professional account has a minimum deposit requirement of $10,000.
LMAX Group | Most other | |
Minimum Deposit | $1,000 | $100 |
To withdraw funds from LMAX, you need to follow these steps:
Step 1: Log in to your LMAX account and go to the “My Account” section.
Step 2: Click on the “Withdraw Funds” button.
Step 3: Select the account you want to withdraw from and enter the amount you wish to withdraw.
Step 4: Choose your preferred withdrawal method and fill out the necessary information.
Step 5: Submit your withdrawal request.
LMAX processes withdrawal requests within one business day, and the time it takes for the funds to reach your account will depend on the withdrawal method you choose.
LMAX charges various fees for trading and account maintenance. Here is an overview of some of the fees charged by LMAX:
Swap Fees: LMAX charges a swap fee for positions held overnight. The swap fee is based on the interest rate differential between the two currencies of the trading pair.
Deposit/Withdrawal Fees: LMAX does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider or bank involved in the transaction.
Inactivity Fee: LMAX does not charge any inactivity fee.
It's important to note that the fees charged by LMAX may vary depending on the type of account and trading instrument. Traders are advised to check the latest fee schedule on the LMAX website before trading.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
LMAX | Free | Free | Free |
IG | Free | Free (over $100) | $18/month after 2 years |
Saxo Bank | Free | Free | €100/year after 2 years |
CMC Markets | Free | Free | £10/month after 12 months |
Admiral Markets | Free (except bank transfer) | Free (over $150) | Free |
Pepperstone | Free (except bank transfer) | Free (over $100) | Free |
LMAX provides 24/7 customer service through phone, email, and live chat. You can also follow LMAX on some social networks such as LinkedIn, Facebook and YouTube.
Overall, LMAX's customer service is considered to be of good quality with responsive and helpful agents.
Pros | Cons |
• 24/7 customer support through email, phone, and live chat | • Limited language support with customer service available only in English |
• Dedicated account managers for all clients | |
• Responsive customer service with quick resolution of issues |
It's worth noting that the quality of customer service can be subjective and may vary from client to client. However, this table provides a general overview of the strengths and weaknesses of LMAX's customer service.
LMAX provides a range of educational resources for its clients, including:
Video tutorials: LMAX offers video tutorials on various topics related to trading, such as technical analysis, fundamental analysis, and risk management.
Webinars: LMAX hosts regular webinars that cover a wide range of topics, including market analysis, trading strategies, and risk management.
eBooks: LMAX provides a range of eBooks on various topics related to trading, such as forex trading strategies and technical analysis.
Trading guides: LMAX offers a range of trading guides that cover a variety of topics, including forex trading, CFDs, and cryptocurrencies.
Glossary: LMAX has a comprehensive glossary of trading terms that clients can refer to when needed.
Overall, LMAX's educational resources are comprehensive and cover a wide range of topics, making it a good choice for traders who are looking to improve their knowledge and skills.
In conclusion, LMAX is a highly-regulated broker that offers institutional-level trading services to retail clients. The broker offers a wide range of trading instruments and a powerful trading platform. LMAX's low-latency trading environment, deep liquidity pool, and transparent pricing model make it an ideal choice for traders who demand high-quality execution and a fair trading environment.
However, LMAX's high minimum deposit requirement and limited account types may not be suitable for beginner traders. Additionally, the broker's relatively high trading costs may not be attractive to cost-sensitive traders. Overall, LMAX is a reliable and competitive broker for experienced traders looking for top-tier trading services.
Q 1: | Is LMAX regulated? |
A 1: | Yes. It is regulated by FCA and CYSEC. |
Q 2: | Does LMAX offer demo accounts? |
A 2: | Yes. |
Q 3: | Does LMAX offer industry-standard MT4 & MT5? |
A 3: | Yes. LMAX supports LMAX Global and MetaTrader4. |
Q 4: | What is the minimum deposit for LMAX? |
A 4: | The minimum initial deposit to open an account is $1,000. |
Q 5: | Is LMAX a good broker for beginners? |
A 5: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive jfd and lmax-global are, we first considered common fees for standard accounts. On jfd, the average spread for the EUR/USD currency pair is from 0 pip pips, while on lmax-global the spread is EURUSD 0.3 GBPUSD 0.8 .
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
jfd is regulated by CYSEC,BaFin,AMF,FCA,VFSC. lmax-global is regulated by FCA,CYSEC,FCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities. lmax-global provides trading platform including Professional account and trading variety including Foreign exchange, precious metals, stock indexes and commodities.