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 averaging 13 minutes.

$3 per side commission, a $10 minimum deposit, MT5 only, and crypto withdrawals averaging 13 minutes. See the full breakdown below.

Quick Comparison

LHFX vs FXTM at a glance.

Feature
LHFX
FXTM
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 spread
From 0.0 pips raw
From 0.0 pips on Pro/ECN, around 1.5 pips on Standard
Maximum leverage
Up to 1:500
Up to 1:2000 (offshore), 1:30 (EU)
Platforms
MetaTrader 5 only
MT4, MT5, FXTM Trader app
Forex pairs / total instruments
41 forex pairs, 132+ total
55+ forex pairs, 1,000+ total
Execution model
STP/ECN
STP/ECN (varies by account)
Regulation
FSC Mauritius (GB23202204), FSCA South Africa (FSP 52816)
FSC Mauritius (C113012295), FSCA South Africa (FSP 50320)
Crypto deposits and withdrawals
BTC, ETH, USDT, withdrawals averaging 13 minutes
BTC, ETH, LTC, Dash for deposits
Islamic account
Yes, swap-free available
Not 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

13-minute average withdrawal

Auto-payout processes most LHFX withdrawals in around 13 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 132+ 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 13-minute payouts
  • 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, Skrill, or Neteller and place your first trade on MT5 or LHFX Trade.

Frequently Asked Questions

Ready to Try LHFX?

$10 minimum deposit. $3 per side commission. 1:500 leverage on 41 forex pairs. Crypto withdrawals averaging 13 minutes.