FXTM Alternative: Why Traders Switch to LHFX

FXTM is one of the larger African-facing brokers with 1,000+ instruments and multiple account tiers. LHFX offers a simpler MT5-only setup with crypto withdrawals typically under 20 minutes.

$3 per side commission, a $10 minimum deposit, MT5 only, and crypto withdrawals typically under 20 minutes. See the full breakdown below.

Quick Comparison

LHFX vs FXTM at a glance.

LHFX vs FXTM: commission, minimum deposit, spreads, leverage, platforms, instruments, execution, regulation, withdrawal speed and swap-free accounts
FeatureLHFXFXTM
Commission per lot$3 per side ($6 round-turn)$2 per side on ECN ($4 round-turn)
Minimum deposit$10$10 (Cent), $100 (Standard), $500 (ECN)
Typical EURUSD spreadFrom 0.0 pips rawFrom 0.0 pips on Pro/ECN, around 1.5 pips on Standard
Maximum leverageUp to 1:500Up to 1:2000 (offshore), 1:30 (EU)
PlatformsMetaTrader 5 onlyMT4, MT5, FXTM Trader app
Forex pairs / total instruments41 forex pairs, 144 total55+ forex pairs, 1,000+ total
Execution modelSTP/ECNSTP/ECN (varies by account)
RegulationFSC Mauritius (GB23202204), FSCA South Africa (FSP 52816)FSC Mauritius (C113012295), FSCA South Africa (FSP 50320)
Crypto deposits and withdrawalsBTC, ETH, USDT, withdrawals typically under 20 minutesBTC, ETH, LTC, Dash for deposits
Islamic accountYes, swap-free with holding fee after grace periodNot publicly disclosed

Where LHFX Wins

The areas where LHFX offers a clear advantage over FXTM.

01

$10 raw-spread access vs $500

LHFX gives you raw spreads from $10. FXTM's ECN account ($2 per side commission) requires a $500 minimum deposit. Below that, FXTM defaults you to Standard with spreads around 1.5 pips on EURUSD.

02

One account, not five

LHFX runs a single STP/ECN account. FXTM offers Cent, Standard, ECN, Pro, and Stocks accounts, each with different spreads, minimums, and commissions. Less choice, less switching cost.

03

Crypto withdrawals, not just deposits

LHFX supports BTC, ETH, and USDT for both deposits and withdrawals. FXTM accepts crypto deposits but does not equally feature crypto as a published withdrawal rail.

04

Withdrawals typically under 20 minutes

Auto-payout processes most LHFX withdrawals in under 20 minutes. FXTM does not publish a withdrawal-time SLA and processing depends on method and account.

05

Direct MetaQuotes licensee on MT5

LHFX is a direct MetaQuotes licensee running MT5 only. FXTM still supports MT4 alongside MT5, which fragments tooling and support.

Where FXTM Wins

FXTM has genuine strengths. Here is where they come out ahead.

Higher leverage ceiling

Up to 1:2000 on the offshore FXTM entity vs 1:500 at LHFX. For traders who specifically need leverage above 1:500, FXTM goes 4x higher.

Much wider instrument range

1,000+ instruments across forex, indices, metals, energies, stocks, ETFs, and crypto at FXTM. LHFX lists 144 instruments. If single-stock CFDs or ETFs are central to your strategy, FXTM has more breadth.

Longer track record in Africa

FXTM has been operating since 2011 and has a strong physical presence and local-language support across multiple African countries. LHFX is newer to the region.

Extensive education and analytics

FXTM publishes daily market analysis, trading guides, and webinars in multiple languages. LHFX focuses on trading conditions rather than educational content production.

Who Should Choose LHFX

  • Traders who want raw spreads from $10, not $500
  • Traders who only need MT5 and want one account type
  • Traders who fund and withdraw in crypto and care about payouts typically under 20 minutes
  • Traders who prefer a simple $3 per side fee instead of choosing between Cent, Standard, ECN, and Pro
  • Traders who want 1:500 leverage as standard, not gated by region
Open an LHFX Account

Who Should Stick with FXTM

  • Traders who specifically need leverage above 1:500
  • Traders who want access to single-stock CFDs and ETFs alongside forex
  • Traders who specifically want MT4 alongside MT5
  • Traders who want daily analyst content and structured educational webinars
  • Traders who prefer FXTM's 2011-founded track record and African local presence

Making the Switch

Moving from FXTM to LHFX takes minutes, not days.

1

Open an LHFX Account

$10 minimum deposit. Registration takes about 2 minutes.

2

Verify Your Identity

Upload a government-issued ID. Most verifications complete within a few hours.

3

Fund and Start Trading

Deposit via crypto or card and place your first trade on MT5 or LHFX Trade.

Frequently Asked Questions

Is LHFX cheaper than FXTM?

On commission alone, FXTM's ECN account is lower at $2 per side vs $3 per side at LHFX. However, FXTM ECN requires a $500 minimum. At smaller deposit sizes (under $500), FXTM puts you on the Standard account with spreads around 1.5 pips on EURUSD, which is more expensive than LHFX's raw spreads with $3 per side commission.

Is LHFX regulated like FXTM?

Both brokers hold FSC Mauritius and FSCA South Africa licences for their global retail entities. LHFX licences: FSC Mauritius GB23202204 and FSCA FSP 52816. FXTM licences: FSC Mauritius C113012295 and FSCA FSP 50320. Regulatory weight is comparable for the offshore tier.

Does FXTM offer MT5?

Yes, FXTM supports MT4 and MT5. LHFX is a direct MetaQuotes licensee and runs MT5 exclusively. If you only need MT5, the platform is the same. If you need MT4 for legacy EAs, FXTM still supports it.

Can I withdraw faster from LHFX than FXTM?

LHFX publishes a typical withdrawal time of under 20 minutes via crypto auto-payout. FXTM does not publish a withdrawal-time SLA and processing depends on the method. If withdrawal speed is the deciding factor, LHFX is the only one with a public benchmark.

Can I switch from FXTM to LHFX?

Yes. The signup takes a few minutes, KYC is required for withdrawals over $1,000, and deposits clear via crypto or card. You can keep your FXTM account open and run LHFX alongside it until you decide.

Ready to Try LHFX?

$10 minimum deposit. $3 per side commission. 1:500 leverage on 41 forex pairs. Crypto withdrawals typically under 20 minutes.