Updated September 29, 2026 · BrokerCue Editorial Team
Avatrade Me vs LMAX Exchange
What sets them apart
| Compare |  Avatrade Me |  LMAX Exchange |
|---|---|---|
| Minimum deposit | $100Lower | $1,000 |
| Markets | Stocks, ETFs, Forex, CFDs, Options, Bonds | Forex, CFDs, Crypto |
| Regulators | ADGM FSRA | FCA, CySEC |
| Platforms | WebTrader, MetaTrader 4, MetaTrader 5, AvaOptions, AvaTrade App | LMAX Global, MetaTrader4 |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $50 | Not confirmed |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
| Retail accounts that lose money | Not confirmed | 67.64% |
| Maximum retail leverage | 400:1 | Not confirmed |
Same on both: Deposit and withdrawal fees (No deposit or withdrawal fees).
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Key differences
- Avatrade Me scores higher overall: 9.1 vs 8.8.
- Regulators: only Avatrade Me offers ADGM FSRA.
- Regulators: only LMAX Exchange offers FCA, CySEC.
- Founded is lower at Avatrade Me: 2006 vs 2010.
- LMAX Exchange is licensed in 1 more country.
- Minimum deposit is lower at Avatrade Me: $100 vs $1,000.
- Markets: only Avatrade Me offers Stocks, ETFs, Options.
- Markets: only LMAX Exchange offers Crypto.
- Platforms: only Avatrade Me offers WebTrader, MetaTrader 4, MetaTrader 5.
- Platforms: only LMAX Exchange offers LMAX Global, MetaTrader4.
Our verdict on each
Avatrade Me
Avatrade Me charges no account fee and no stock trade fee, so it suits traders who want a broad market list without a monthly bill. The catch is a $100 opening deposit and an inactivity fee of $50, which bites accounts left idle.
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 Me | LMAX Exchange |
|---|---|---|
| Cost | 8.8HigherAccount fee of $0 and stock trade fee of $0 top the cost table, while $50 inactivity and $100 entry pull the other way. | 8.2Minimum deposit of $1,000 sits well above the $0 entry point, though No deposit or withdrawal fees adds nothing on funding. |
| Offer | 9.8Higher | 8.9 |
| Trust | 8.9 | 9.2Higher |
How they place
| Ranking | Avatrade Me | LMAX Exchange |
|---|---|---|
| Forex brokers | 46 of 147 | 77 of 147 |
| Low-spread forex brokers | 44 of 145 | 75 of 145 |
| CFD brokers | 36 of 122 | 65 of 122 |
What each covers
| Markets | Avatrade Me | LMAX Exchange |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Options | Yes | No |
| Crypto | No | Yes |
| Bonds | Yes | No |
Every fact side by side
| Fact | Avatrade Me | 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 | 2006Lower | 2010 |
| Support channels | Not confirmed | Phone, Chat |
Where each stands against the rest
| Fact | Avatrade Me | LMAX Exchange | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $1,000highest quarter | $25 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | 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 Me
Pros
- Deposits and withdrawals carry no fee, so moving money adds nothing to the cost of a trade.
- Wide market list in the same login: stocks, etfs and forex.
- Pick your terminal from WebTrader, MetaTrader 4 and MetaTrader 5, with a demo account and a mobile app included.
Cons
- Dormant accounts are charged: the inactivity fee is $50, while the median across the brokers compared is €0.
- The minimum deposit of $100 ranks 148 of 213 brands, and the median minimum deposit across the site is €4.64.
- Leverage of 400:1 on retail accounts makes a wrong call expensive fast.
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 Me
Who it suits
- Traders who want shares, forex, CFDs, options and bonds in the same account.
- Anyone who likes moving between a web terminal, the MetaTrader platforms and an app.
- New traders who can learn on a demo account before putting money in.
Who should look elsewhere
- CFI, whose minimum deposit is $0, if you want to start with nothing.
- Vantage, if an entry point of $5 matters more than the market list.
- eToro, if crypto and futures on stocks, etfs and forex are part of the plan.
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
Country by country
| Country | Avatrade Me | LMAX Exchange |
|---|---|---|
| United Arab Emirates | Yes | No |
Questions about each
Avatrade Me
How much do I need to open an account?+
The minimum deposit is $100. Across the brokers listed here the median minimum deposit is €4.64, so the opening amount asked for sits well above the middle. That balance is what funds your trading across markets, with no separate subscription on top.
Does it charge commission or an account fee?+
The account fee is $0 and the stock trade fee is $0, and the pricing model is commission free. Both sit at the top of the cost table, on position 1 for account fee and 1 for stock trade fee. Nothing is charged for keeping the account open.
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.