- Tight Spreads
- High Leverage
- Low minimum deposit ($50)
- No commissions
- Unregulated
- Offers only MT4 trading platform
Overview
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Account Minimum:$50
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Regulation:Unregulated
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Asset coverage:Forex, CFDs, indices, commodities, shares, metals, and oil
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Best for::Expert traders that work within fixed spreads
LMFX Review
Table Of Contents
LMFX Review - Outline
| Broker’s Name | LMFX |
|---|---|
| Headquartered | Republic of North Macedonia |
| Year Founded | 2017 |
| Website | https://lmfx.com/ |
| Demo Account | Yes |
| Maximum Leverage | 1:1000 |
| Platform Types | MT4 |
| Minimum Deposit | $50 |
| Customer Support | 24/5 |
LMFX Review – Synopsis
LMFX is a trading platform that was founded in 2017 and is headquartered in the Republic of North Macedonia. LMFX offers trading various trading instruments that include Forex, Indices, Commodities, Metal and Oil and EFTs. Traders can trade these financial instruments on Metatrader4.
LMFX Review -Security Of Funds
LMFX uses Segregation of funds model to ensure the security of the funds. They have reliable and reputed payment gateways to proceed with the transactions.
Trading Platforms
LMFX offers MT4 trading platform and WebTrader:
LMFX Review – MetaTrader4
MetaTrader4 is a highly reliable and reputed trading platform with an intuitive interface and deep market histories that makes the trading platform suitable for all types of traders. The trading platform allows trading using Expert Advisors and boasts over 50 technical indicators, 30 charting tools, and 9 different time frames. Traders can customise the platforms according to their own trading needs. MT4 trading platform is available in more than 30 languages that makes it easy for the traders who do not understand English.
Traders can trade on the MT4 trading platform on their window and MAC computers from LMFX website once the registration process is completed.
LMFX Review – WebTrader
WebTrader is the browser based version of the MetaTrader4 which is an easily accessible platform. The WebTrader platform offered by LMFX offers a user-friendly interface and is multilingual.
LMFX Review – Trading
LMFX provides a best suited trading environment for both beginners and experienced traders. LMFX offers MT4 and WebTrader trading platforms with a wide range of instruments for trading. The traders can start trading with the minimum deposit of $50 and is best for the beginners who want to start trading with minimal capital.
LMFX Review – Advanced Trading
LMFX offers MetaTrader4 and the WebTrader version of MetaTrader4 which is highly advanced and efficient.
LMFX Review – Assets Offered By LMFX
LMFX offers trading various trading instruments that include Forex, Indices, Commodities, Metal and Oil and EFTs. LMFx also offers spot prices on currency pairs and metals as well as several CFDs markets.
LMFX Review – Trading Accounts
LMFX offers three types of trading accounts: Premium Account, Fixed Account and Zero Account.
| Premium Account | Fixed Account | Zero Account | |
|---|---|---|---|
| Spreads From | 1 pip | Fixed | 0.1 pip |
| Commissions (USD Per Lot) | Nil | Nil | Nil |
| Leverage | 1:1000 | 1:400 | 1:250 |
| Minimum Deposit (USD) | 50 | 250 | 100 |
| Minimum Reload Deposit(USD) | 25 | 50 | 50 |
| Maximum Total Trade Size (Lots) | 60 | 75 | 100 |
| Maximum Number of Total Trade Open | 100 | 150 | 200 |
| Account Currency | USD or EUR | USD or EUR | USD or EUR |
| Margin call/ Stop out (%) | 50%/20% | 30%/15% | 30%/15% |
LMFX Review – Funding And Withdrawals
Deposits can be made using visa or Mastercard payment card, wire transfer, or via e-wallets like Skrill and FasaPay, and Vload. Traders are required to deposit the minimum deposit i.e $50 for all the methods, except for wire transfer i.e $250.
Deposits are made free and instant for cards and e-wallets, and can take upto 1 hours depending on the network connection.
For withdrawals minimum withdrawal should be $10 for e-wallets and cards and for wire transfer, minimum withdrawal should be $100.
Bonuses Offered By LMFX
Two types of bonuses are offered by LMFX:
- Phoenix Recovery Bonus: When first time deposit is made in the phoenix bonus account, traders receive an amount of funds pending on the account. 15% of the recovery bonus is provided and is applicable on a first time deposit. This amount is tradeable and withdrawable.
- Deposit Match Bonus: 100% credit bonus is provided by LMFX. When the required volume is met, this amount can be withdrawn. This amount also increases the amount of leverage.
Extra Features Offered By LMFX
LMFX offers other additional trading tools and services to the traders. These tools and services are as follows:
- Economic Calendar
- VPS Service: LMFX gives access to approximately 250 trading instruments 24/5 with the use of VPS.
Benefits Of Using VPS With LMFX
- Ultra low latency
- Windows and MT4 ready
- Refined technology
- Affordable
- Safe and secure
- Calculator : LMFX provides a calculator for calculating six values that include: Fibonacci, pivot points, position size, pip value, risk and reward and risk percentage.
- Educational Blog : LMFX has its own blog that includes recent financial news updates from around the world.
LMFX Review – Customer Support
LMFX has responsive customer service that can be contacted via live chat, email or even social media.
Conclusion
LMFX is a trusted broker that offers trading tools and services that can suit all the types of traders. LMFX has low trading costs that are affordable, making LMFX a good choice for beginners to start with. Nevertheless, do not forget to conduct your own research and pick a broker that suits your trading requirements.
LMFX Review - FAQs
LMFX offers MetaTrader4 and WebTrader which is the web version of MT4.
You can make deposits via visa or Mastercard payment card, wire transfer, or via e-wallets like Skrill and FasaPay, and Vload.
LMFX offers trading various trading instruments that include Forex, Indices, Commodities, Metal and Oil and EFTs.
LMFX offers three types of trading accounts: Premium Account, Fixed Account and Zero Account.
Yes, LMFX offers VPS hosting.
Yes, LMFX uses the segregation of funds technique.
Minimum account required to open an account depends on the trading account you opt for:
Premium Account- $50
Fixed Account-$250
Zero Account- $100
Premium Account- $50
Fixed Account-$250
Zero Account- $100
Commissions are changed depending on the account you are using:
Premium Account- Nil
Fixed Account- Nil
Zero Account- $4/lot per side
Yes, on a premium account offered by LMFX you can open 100 trades simultaneously. On Fixed account you’ll be allowed to open 150 and in zero account 200 trades.
