Do you want to know which is the better broker between CXC and LMAX Group ?
In the table below, you can compare the features of CXC , LMAX Group side by side to determine the best fit for your needs.
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 cxc-markets, 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:
General Information & Regulation
CXC Markets is an offshore broker registered in Saint Vincent and the Grenadines, with its corporation information not disclosed to all. There is zero evidence that CXC Markets is subject to any regulation. Please be aware of the risk.
As per its website, CXC Markets offers trading in forex currency pairs, precious metals, crypto currency, as well as stock index CFD.
The minimum deposit is $100 (Micro account). For the other accounts, they are $500, $1,000 and $10,000.
The maximum trading leverage offered by CXC Markets for forex trading is up to 1:1000, which is generous. However, since leverage can amplify returns as well as potential losses, traders need to take care when using it.
Spreads & Commissions
CXC Markets advertises that its spread the EUR/USD pair start from 0.1 pips, but does not specify its detailed spread on particular instruments.
Trading Platform Available
CXC Markets offers the MetaTrader 4 trading platform and a web trader. You may know that MetaTrader 4 is one of the well reputed and popular among brokers trading platform. Its advantages consist mainly in the fact that it offers a variety of trading tools and instruments to facilitate your transactions. For example, a financial calendar, VPS, trading signals (for a subscription fee), code base with customs scripts, demo account, etc.
Payment methods available with CXC Markets is limited. CXC Markets only support its traders to fund their accounts through bank cards, and Bitwallet including Bitcoin, Litecoin and Ripple. Funding accounts through Cryptos is full of risks, once something goes wrong, you can never have a chargeback.
CXC Markets claims that it offers online support in 24 hours a day, 365 days a year, available in Japanese/English/French/Chinese/Korean. Other contact methods include email: firstname.lastname@example.org. No telephone number is provided.
Gernal Information & Regulation of LMAX Global
LMAX Group is the holding company of LMAX Exchange, LMAX Global and LMAX Digital, registered address: Yellow Building, 1A Nicholas Road, London W11 4AN. LMAX Group is a global financial technology company and the leading independent operator of multiple institutional execution venues for FX and crypto currency trading. With offices in 9 countries and a global client base, the Group includes matching engines in London, New York and Tokyo. LMAX Global is a regulated broker for FX, metals and commodities worldwide, with LMAX Broker Limited regulated by FCA in the UK, regulatory license number 783200, LMAX BROKER EUROPE LIMITED regulated by CySEC, license number 310/16.
Investors can trade all of LMAX Global's instruments, including forex, indices, stock indices, commodities, precious metals, cryptocurrencies, and weekend forex.
Minimum Deposit of LMAX Global
LMAX Global set up different minimum deposit requirements in light of traders from different countries. For traders in New Zealand, there is no minimum deposit required, while traders in UK or EU zone are requirement a minimum deposit of $10,000 or base currency equivalent.
Leverage of LMAX Global
In terms of trading Leverage, LMAX Global offers investors flexible leverage, with maximum trading leverage of 1:200 for majors, 1:100 for minors, 1:100 for major indices, 1:100 for gold, and 1:100 for commodities.
Spreads & Commissions of LMAX Global
The minimum spread for EURUSD is from 0.2 pips, for GBPUSD from 0.2 pips, for EURGBP from 1.0 pips, for spot gold from 3.2 pips, for spot silver from 0.18 pips, for USOil (spot) from 0.20 pips, and for UKOil (spot) from 0.22 pips. The minimum spread for the AUS200 is from 0.20 pips, and the minimum spread for the UK100 is from 2.2 pips. As for comissions, LMAX Global claimes that its account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity. Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.
Markets Data Fees of LMAX Global
Traders are charged a market data fee for trading through LMAX Global, which includes, among other things, a monthly connection fee of $300, a deep/full order (only connection fee for users with more than $500 million in monthly trading volume) of $2,000, and access quote (minimum trading fee for users) of $2,000, and a weekend FX $1000 (only connection fee for users with more than $500 million in monthly trading volume). The inactivity fee is $1,000 per port per month. White Label's initial setup fee is $5,000, and subsequent fees are offset by a minimum monthly transaction fee of $2,500. Inactive accounts (personal accounts) pay $50 per month, and inactive accounts (corporate accounts) pay $100 per month.
Trading Platforms of LMAX Global
LMAX Global firstly introduces some third party trading platforms, including AlphaNovae, MultiCharts, PTMC, Sierra Charts, , TSLab, then providing MT4/5 bridge which enable brokers to connect through their MT4/5 servers to all LMAX Global markets, and some Turnkey broker solutions including Protrader, ACTForex, ACTForex .
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 cxc-markets and lmax-global are, we first considered common fees for standard accounts. On cxc-markets, the average spread for the EUR/USD currency pair is 1.8 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.
cxc-markets is regulated by --. 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.
cxc-markets provides trading platform including PRO-Account,STP-Account,ECN-Account and trading variety including --. lmax-global provides trading platform including Professional account and trading variety including Foreign exchange, precious metals, stock indexes and commodities.