Updated September 29, 2026 · BrokerCue Editorial Team
Avatrade Kenya vs LMAX Exchange
Avatrade Kenya vs LMAX Exchange: the differences
| Compare | Avatrade Kenya ReviewSee alternativesSee alternatives |  LMAX Exchange |
|---|---|---|
| Minimum deposit | $100Lower | $1,000 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, BondsCovers more | Forex, CFDs, Crypto |
| Deposit and withdrawal fees | free deposits and withdrawals | No deposit or withdrawal fees |
| Platforms | MT4, MT5, AvaTradeGO, WebTrader | LMAX Global, MetaTrader4 |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $100 | Not confirmed |
| Inactivity fee | $50 | Not confirmed |
| Regulators | Not confirmed | FCA, CySEC |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
| Retail accounts that lose money | Not confirmed | 67.64% |
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- Avatrade Kenya scores higher overall: 9.0 vs 8.8.
- Minimum deposit is lower at Avatrade Kenya: $100 vs $1,000.
- Markets: only Avatrade Kenya offers Stocks, ETFs, Bonds.
- Platforms: only Avatrade Kenya offers MT4, MT5, AvaTradeGO.
- Platforms: only LMAX Exchange offers LMAX Global, MetaTrader4.
Our verdict on each
Avatrade Kenya
Avatrade Kenya suits you if you want a single account covering stocks, etfs and forex and a stock trade fee of $0. The trade off is fixed charges rather than per trade ones: an account fee of $100 and an inactivity fee of $50.
LMAX Exchange
LMAX Exchange suits experienced traders who want a regulated exchange rather than a casual platform. Fees on moving money are nil, and FSCS up to GBP 85,000 covers eligible claims, but the $1,000 entry requirement is high for a first account.
Score breakdown
| Area | Avatrade Kenya | LMAX Exchange |
|---|---|---|
| Cost | 8.5Higher | 8.2Minimum deposit of $1,000 sits well above the $0 entry point, though No deposit or withdrawal fees adds nothing on funding. |
| Offer | 9.7Higher | 8.9 |
| Trust | Not confirmed | 9.2 |
Positions in our rankings
| Ranking | Avatrade Kenya | LMAX Exchange |
|---|---|---|
| Forex brokers | 56 of 147 | 77 of 147 |
| Low-spread forex brokers | 54 of 145 | 75 of 145 |
| CFD brokers | 45 of 122 | 65 of 122 |
Availability and regulation
| Country | Avatrade Kenya | LMAX Exchange |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | Not confirmed |
Also worth a look
ActivTrades has minimum deposit at $0, against $100 for Avatrade Kenya and $1,000 for LMAX Exchange.
ActivTrades reviewWhere these facts come from
Avatrade Kenya
- tradingcritique.com: 4 facts, checked September 26, 2026
- forexsuggest.com: 2 facts, checked September 26, 2026
- medium.com: 2 facts, checked September 26, 2026
- github.com: 1 fact, checked September 26, 2026
LMAX Exchange
- wikifx.com: 7 facts, checked September 26, 2026
- lmax.com: 4 facts, checked September 26, 2026
Every fact side by side
| Fact | Avatrade Kenya | LMAX Exchange |
|---|---|---|
| Features | Demo account, Mobile app | Not confirmed |
| Pricing model | Commission free | Not confirmed |
| Audience | Not confirmed | Experienced |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 2010 |
| Support channels | Not confirmed | Phone, Chat |
Where each stands against the rest
| Fact | Avatrade Kenya | LMAX Exchange | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $1,000highest quarter | $25 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $100highest quarter | Not confirmed | $0 |
| Inactivity fee | $50highest quarter | Not confirmed | $0 |
| Retail accounts that lose money | Not confirmed | 67.64%below the median | 72.05% |
Median across 134 listed brokers.
Pros and cons
Avatrade Kenya
Pros
- Deposits and withdrawals are free, so moving money in and out adds nothing to the cost of holding the account.
- A demo account and a mobile app are included, and MT4, MT5 and AvaTradeGO cover trading from a desktop, the web or a phone.
- A commission free pricing model, so costs sit in the spread rather than in a ticket charge on each trade.
Cons
- An account fee of $100 applies, where eToro's account fee is $0.
- The minimum deposit of $100 is higher than CFI at $0 and Vantage at $5.
- An inactivity fee of $50 can erode a small balance if you stop trading.
LMAX Exchange
Pros
- No deposit or withdrawal fees, so funding an account costs nothing to arrange
- Regulated by the FCA in GB and CySEC in Cyprus, with FSCS up to GBP 85,000 behind eligible claims
- Trades on forex, cfds and crypto through the LMAX Global platform or MetaTrader4
Cons
- The $1,000 minimum is well above the $0 entry point
- forex, cfds and crypto covers forex, cfds and crypto only, so it suits active traders rather than investors
- Support runs on phone and chat only
Who each suits
Avatrade Kenya
Who it suits
- You want stocks, forex, CFDs and crypto under a single login instead of juggling separate platforms.
- You are new to trading and want a demo account to learn on, plus a mobile app to trade from your phone.
- You would rather pay a flat account fee than a charge on every trade.
Who should look elsewhere
- You want to open an account with no account fee, since eToro's account fee is $0.
- You want to fund the account with very little, because CFI takes $0 and Vantage takes $5 as a minimum deposit.
LMAX Exchange
Who it suits
- Experienced traders who already know the markets listed
- Anyone who values a regulated exchange structure over a low starting deposit
- Traders who want phone and chat access for account questions
Who should look elsewhere
- First time traders, who face a high entry point compared with CFI at $0
- Share buyers, since forex, cfds and crypto does not include stocks and eToro covers stocks, etfs and forex
- Traders wanting crypto only, because Vantage opens at $5
Questions about each
Avatrade Kenya
What does it cost to open an account with Avatrade Kenya?+
Opening the account takes a minimum deposit of $100, and the account fee is $100 whichever way you trade. Stock trades themselves cost $0, so those fixed amounts decide whether the account pays off for you.
Do I pay a commission each time I buy a share?+
Stock trades carry a stock trade fee of $0 and the model is commission free, so there is no per trade commission on a share purchase. The cost of a trade sits in the spread instead, the usual arrangement for commission free brokers.
LMAX Exchange
What is the minimum deposit at LMAX Exchange?+
The minimum deposit is $1,000. That sits far above the $0 entry point at CFI, so traders building a first balance should check the amount they can commit before opening.
Are there fees for depositing or withdrawing?+
No. No deposit or withdrawal fees means funding and pulling money out does not cost an extra charge. That keeps the cost of running an account to the trading side rather than the cash movements.