LMFX Review

Min. Deposit: £100

 

ABOUT LMFX

LMFX is an online foreign exchange broker that offers individuals and institutions a unique platform to trade forex, commodities, shares, metals, indices, and more. It is owned by the North Macedonian-based Global Trade Partners Ltd and has been operational since 2015. LMFX provides a comprehensive range of mobile and desktop MetaTrader 4 (MT4) platforms to ensure that their clients are always close to the market and never miss a market movement.

They also provide fast and secure executions, deep liquidity, and automated withdrawals of trading profits. These features and more have endeared this trading platform to its users, and it is no surprise why they are among the best in the field. They aim to deliver an amazing trading experience for their clients, offering competitive trading conditions to allow them to trade seamlessly.

LMFX REGULATIONS

LMFX is currently not regulated by any financial regulatory body. However, the company is registered in the Republic of Macedonia, and it remains fully compliant with the rules and regulations guiding its practices. The only available information is the registration number, 7020600. It is an unregulated broker by choice, and it offers high-reward services that are restricted by regulatory bodies. LMFX offers rates as high as 1:1000 as opposed to the regulatory bodies’ standard of 1:30. This increases market exposure and profit potentials. LMFX has an excellent trading system, has no negative reviews, and its five years of operating history suggests that its management is a trustworthy broker. It provides segregated accounts for its clients and has been a reliable platform for trading.

PLATFORM AND TOOLS

LMFX offers MT4 as its trading platform.

The MetaTrader 4 platform gives users easy access to fast trade executions, highly intuitive and powerful interface, making it the most sought after trading platform in the world. It can be used on Windows PC, Android, iPhone devices, or web versions.

Clients can start practicing using the MT4 Demo account, which is free of charge, risk-free, and offers the same trading options and conditions. This allows new users to the forex world easy navigation, and they can learn and earn for free on the go.

The MT4 has over 50 advanced indicators and tools available to help users analyze the price dynamics of financial instruments, identify trends, calculate entry and exit points, etc.

 

LMFX LATEST AWARDS

Over time, LMFX has gained massive trust and reputation because of its topnotch services such as;

  • Access to trade with higher leverage of up to 1:1000
  • 100% credit bonus and 15% recovery bonus
  • Stay up-to-date with LMFX’s Economic Calendar
  • Learn from our Chief Market Analyst’s Daily Market Analysis
  • Plan effectively with our useful Trading Calculators
  • Easy online account management portal
  • Industry-leading MT4 mobile and desktop platforms
  • One-click trading that is ideal for scalpers
  • Protect your automated strategies with VPS hosting
  • Join exciting trading competitions

These features, coupled with innovations in the trading sector and excellent customer service, has gained LMFX numerous recognitions and nominations from different award bodies. Despite the high competition in the trading sector, LMFX has proven to hold its own in the market, providing exceptional services to its clients. In no time, the awards will start trooping in, certainly.

Contact is available 24/7 via phone, e-mail, and mail and has a very quick response time.

LMFX EDUCATIONAL MATERIALS

LMFX has some video tutorials on their website. There is a beginners training course and an MT4 platform course; each contains easy to follow videos. They also have a range of essential forex calculators that enable traders to have full statistics of trade. The tools can help traders estimate profits and losses on trades, evaluate margin requirements for secure trading, and calculate the impact of specific positions with different sizes. The website also has an economic calendar that can be used as a part of fundamental analysis. It displays economic events for users to be able to be abreast of happenings in the market.

LMFX TRADING INFORMATION

As stated already, LMFX is a trading brand that has been in operations since 2015. It separates itself through its highly-leveraged forex trading services. It uses MT4, a very reliable trading platform widely used by traders throughout the world. The MT4 is available as a desktop client, web trader, and has five versions on the LMFX platform. It combines an intuitive interface with deep market histories, making it effective for traders of all experience levels.

The MT4 platform possesses such features as;

  • User-friendly interface
  • 9-time frames per instrument
  • 50+ built-in indicators
  • Functionality to layer indicators
  • Access market news directly
  • Advanced charting and analysis
  • Create and use Expert Advisors (EAs)
  • Multiple language options
  • Trailing Stop Loss functionality

MT4 can be used on Android, iPhone, Mac, and Windows computers. The browser-based version gives clients an easily accessible platform that does not require downloads. With the WebTrader technology, optimum desktop functionality while logging in from any computer with a browser is guaranteed.

LMFX provides three account types for traders with different capital requirements. The Premium account, Fixed account, and Zero account. The Premium account is good for less-experienced traders as it encourages standard trading strategies. The Fixed Account is best suited for automated trading using Expert Advisors, while the Zero account is good for scalping and high volume trading.

All the account types offer personal account manager and access to MT4 and mobile trading.

The premium account offers:

  • Personal account manager
  • Minimum deposit $50
  • Spreads from 1 pip
  • 1:1000 leverage
  • Flexible bonuses
  • No commission

The fixed account package includes;

  • Personal account manager
  • Minimum deposit $250
  • Flexible bonuses
  • No commission
  • 1:400 leverage
  • Fixed spreads

While the zero account offers;

  • Personal account manager
  • Minimum deposit $100
  • $4 commission per lot
  • Flexible bonuses
  • 1:250 leverage
  • Raw spreads

 

LMFX CUSTOMER SERVICE

Clients have access to the LMFX multilingual customer support 24/5. On their website, LMFX has a UK phone number, e-mail, live chat, and web form as contact methods to reach them. The live chat window is located in the lower corner of their website, and they are very prompt in response.

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