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LMFX review

LMFX review: regulation (No), minimum deposit 50, leverage up to 1:1000, platforms and current bonuses.

4.2of 5
Open account
Minimum deposit50
Max. leverage1:1000
Spread from0.0 Pips
Founded2015

Trading conditions

Broker type
ECN /STD
Minimum deposit
50
Maximum leverage
1:1000
Minimum spread
0.0 Pips
Platforms
MetaTrader4 (MT4)
Account currencies
USD, EUR & More

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Transfer, Credit & Debit Card, Skrill, Neteller, FasaPay
Withdrawal methods
Bank Transfer, Credit & Debit Card, Skrill, Neteller, FasaPay

Company

Regulation
No
Founded
2015
Country
Macedonia
Address
28 Koco Racin Blvd.1000, SkopjeMacedonia
Website languages
English
Phone
+44 2035192105
Email or Skype
[email protected]

LMFX pros and cons

Pros

  • Regulated by No
  • Low minimum deposit: 50
  • Raw spreads from 0.0 Pips
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account

Cons

  • No no-deposit bonus at the moment
  • Leverage up to 1:1000 magnifies losses as well as profits
  • Conditions and bonuses can differ by regulated entity

LMFX FAQ

Is LMFX a safe and regulated broker?

LMFX was founded in 2015 and is regulated by No. Client funds are held in segregated accounts. Your protection depends on which LMFX entity opens your account.

What is the minimum deposit at LMFX?

The minimum deposit at LMFX is 50. Payment providers may set their own minimum amount.

What is the maximum leverage at LMFX?

LMFX offers leverage up to 1:1000. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does LMFX offer a no deposit bonus?

No. LMFX does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does LMFX offer?

LMFX supports MetaTrader4 (MT4). Mobile trading is available.

Does LMFX allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does LMFX offer an Islamic (swap-free) account?

Yes. LMFX offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Full ranking
LMFX – NoOpen account