LMFX Review 2025 & Detailed Trading Information

Within the client area, you may fund and withdraw from your account using whatever payment method you like. Some methods, such as debit/credit card payments, can be instant, while others, such as bank transfers, might take a few business days to clear. Please keep in mind that certain payment options are only available in certain countries. You can deposit a minimum of $50 using debit/credit cards or any electronic wallet, but the minimum deposit for bank wire transfer is $250, which is comparatively higher. You can withdraw a minimum of $10 on debit/credit cards or any electronic wallet, but the minimum withdrawal for bank wire transfer is $100.

Platforms

Payments are instantly processed and withdrawals are processed and paid on the same working day. The MetaTrader 4 platform comes with a diverse range of technical analysis capabilities. In fact, regardless of how much time you have invested to learn advance level technical analysis, the MetaTrader 4 will likely have the tools and indicators for catering to your needs. We, however, found that the office of their parent company is located at 28 Koco Racin Blvd., 1000, Skopje, North Macedonia.

We are committed to transparency, accuracy, and comprehensive insights. PAMM accounts are available for Investors as well as money managers. Expert traders who can prove their proficiency can be provided with funded accounts to earn about 80% in profits.

What can I trade with LMFX?

The broker has a limited range of additional services and tools for clients. There are few educational resources offered to explain key terms and coach new clients through the basics of trading, something that many other providers offer. LMFX offers free Demo accounts, which are opened in MetaTrader 4 (MT4).

I find it helps me to avoid getting caught on the wrong side of a major news release. It can also be a great tool for inspiring trade opportunities that may occur prior to news being released. Customer support can be reached by email, phone, and live chat 24/5. If the broker could provide 24/7 support like competitors such as Hugo’s Way, that would be great. Although the live chat assistance is quick to reply, it is ineffective. As they answer with links to the website for most of the questions.

$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account

• This is rather surprising for a broker that only launched a year ago, as (sadly) most new brokers tend to focus more on acquiring new traders than supporting them.
• It allows me to easily do everything that I need to and much more.
• It’s important to note that their website operates in four languages only.
• It also doesn’t have any restrictions on trading strategies, you are free to install any Expert Advisors, Indicators or Plugins of your choice.

Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully lmfx review aware of the relevant risks. The broker has some helpful video tutorials available on their website.

The commissions are the costs levied by the broker on a client for making trades on the client’s behalf. The level of commissions will differ between various brokers and it will also depend on the different kinds of services, accounts, and trades done by the brokers. No, the broker does not hold any licenses and does not fall under regulation by a financial agency. Instead, LMFX offers high leverage rates and fewer limitations in return for a riskier trading environment. The broker has a variety of accounts, easy-to-use platforms, fast deposits and withdrawals, promos, and mobile access. It’s important to keep in mind, however, that no regulatory agency oversees its activities.

LMFX charges a commission of $4 per side on its Zero Account, which offers tight spreads. It does not charge commissions on its Micro, Fixed, and Premium Accounts. While the Premium account offers insanely high leverage, there is a catch.

An FAQ section is not available, adding to the growing list of missing items. LMFX only provides the core MT4 trading platform and not seven, as stated on the homepage. LMFX primarily provides Forex and equity CFDs, but from a single trading platform and not seven as the website claims. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.

Does LMFX charge commissions on trades?

It is worth noting that you can get a free VPS from other forex brokers including Switch Markets. LMFX provides clients with the industry leading MetaTrader 4 (MT4) Platforms. The platform has an intuitive and user-friendly interface with a wide range of features, making it the preferred platform of choice for many new and experienced traders alike. LMFX is an online Forex and CFD trading platform that provides traders with access to a wide range of financial instruments, including currencies, commodities, indices, and stocks. In this review of LMFX, we’ll try to dive deep and find out whether this broker can be trusted.

LMFX provides access to trading various asset classes, including Forex, commodities, indices, and shares as CFDs. However, all the asset types are CFDs and the number of available instruments is limited. There are major, minor, and exotic currencies available (48 in total) and traders have access to 36 stocks as CFDs from NYSE, NASDAQ, and LSE exchanges. LMFX is an unregulated broker operating out of North Macedonia, where it is a duly registered company and appears to be fully compliant with local laws and regulations. In operation for over five years and without confirmed claims of misconduct and fraud, LMFX relies on generous bonuses, low minimum deposits, and high leverage to attract and retain clients. Given its history, this broker appears to execute its business plan well enough to compete as a profitable operation.

New traders can benefit from the ‘Education’ section of the LMFX website. The broker provides 5 articles specifically designed for beginner traders. The first article starts by introducing the basics of forex theory, the second article teaches the basics of forex trading. Other articles show newbies how to interpret charts, use popular trading strategies and trading psychology.

• The broker has a variety of accounts, easy-to-use platforms, fast deposits and withdrawals, promos, and mobile access.
• They don’t have managed accounts, but you can checkout FXChoice if this is something you are looking for.
• Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.
• Within the client area, you may fund and withdraw from your account using whatever payment method you like.
• In order to verify your account, you need to upload proof of your identity document, such as a photo of your driving license, passport, or ID card.
• In the unlikely case of liquidation, LMFX states on the website that they will refund client funds after deducting any reasonable transaction fees.

LMFX offers a demo account with unlimited usage, allowing traders to trial new strategies and test algorithms and EAs. Once you’ve registered your details, you will receive your login credentials and can start trading. The MT4 platform has an intuitive user interface with a wide range of features making it the preferred platform of choice for many new and experienced traders. In MT4 you can view trading instruments real price quotes from the market watch window and load charts in 9 time frames. There is over 50+ technical indicators built in for analysing charts and the ability to create/add custom indicators to the platform.

Support

LMFX neither provides education nor research, despite claims on its homepage that it does. While LMFX does not do anything wrong, per se, it also does not do enough to ensure a safe trading environment. There are steps this broker can take to improve its approach as an unregulated broker. Nonetheless, LMFX remains one to monitor for positive changes moving forward. That in and of itself does not suggest a scam or fraudulent behavior on behalf of LMFX. It does, however, confirm the lack of regulation of LMFX, which operates as a duly registered company out of North Macedonia, where it remains fully compliant with rules and regulations.

Please note, some markets may only be available via CFDs or other derivatives. Compare LMFX with the top 3 similar brokers that accept traders from your location. There are no internal withdrawal fees, but payment processors may levy charges. High leverage and bonuses aid this broker in executing their business plan successfully. That warrants a closer look at this unregulated and relatively unknown broker.

This explains why its spreads are competitive and start from 0.0 pips. LMFX supports mobile trading through MT4 mobile apps; which are available on Android and iOS devices. You can download and install each mobile version from its app store. With the MT4 mobile apps, traders can check price quotes anytime, place orders, and analyze the markets. If you have a zero account, a commission will be charged on all your trades.