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LMFX Review
LMFX general information
| Founded in: | 2015 year |
| Headquarters: |
|
| Offices in the country: | USA |
| Minimum Deposit: | 50 $ |
| Website: | www.lmfx.com |
| Website languages: | English |
| Execution model: | NDD |
| Deposit currency: | USD, EUR |
| Support languages: | English |
| Mobile trading: | iOS, Android |
| Types of offered accounts: |
Unlimited Demo Accounts, Standard Accounts
|
| Affiliate program: | Yes |
LMFX Forex broker description
Trading accounts of LMFX
- Premium
- Fixed
- Zero
| Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
| Minimum Deposit : | 50 $ |
| Deposit currency : |
USD - US Dollar EUR - Euro |
|
Trading instruments:
|
Forex
1:1000
Number of currency pairs: 47
CFD's
1:1000
Amount of assets : 92
Metals
1:1000
Energy sources
1:1000
|
|
Stop Out:
|
20 %
|
|
Minimum position size:
|
0.01 лотов
|
|
Maximum position size:
|
60 лотов
|
|
Max. number of orders:
|
100
|
|
Execution type:
|
Market Execution
|
|
Swap Free:
|
Not
|
|
VIP Account:
|
Not
|
|
Spread type:
|
Floating
|
|
Decimal places:
|
5 characters
|
|
Margin Call:
|
50 %
|
|
Phone trading:
|
Not
|
| Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
| Minimum Deposit : | 250 $ |
| Deposit currency : |
USD - US Dollar EUR - Euro |
|
Trading instruments:
|
Forex
1:400
Number of currency pairs: 47
CFD's
1:400
Amount of assets : 92
Metals
1:400
Energy sources
1:400
|
|
Stop Out:
|
15 %
|
|
Minimum position size:
|
0.01 лотов
|
|
Maximum position size:
|
75 лотов
|
|
Max. number of orders:
|
150
|
|
Execution type:
|
Market Execution
|
|
Swap Free:
|
Not
|
|
VIP Account:
|
Not
|
|
Spread type:
|
Fixed
|
|
Decimal places:
|
5 characters
|
|
Margin Call:
|
30 %
|
|
Phone trading:
|
Not
|
| Trading platforms: | MetaTrader 4, Meta Trader 4 Mobile |
| Minimum Deposit : | 100 $ |
| Deposit currency : |
USD - US Dollar EUR - Euro |
|
Trading instruments:
|
Forex
1:250
Number of currency pairs: 47
CFD's
1:250
Amount of assets : 92
Metals
1:250
Energy sources
1:250
|
|
Stop Out:
|
15 %
|
|
Minimum position size:
|
0.01 лотов
|
|
Maximum position size:
|
100 лотов
|
|
Max. number of orders:
|
200
|
|
Execution type:
|
Market Execution
|
|
Swap Free:
|
Not
|
|
VIP Account:
|
Not
|
|
Spread type:
|
Floating
|
|
Decimal places:
|
5 characters
|
|
Margin Call:
|
30 %
|
|
Commission:
|
1 lot (one way) 4 $
|
|
Phone trading:
|
Not
|
Contacts of LMFX
Recent customer reviews of LMFX
Advantages: minimum deposit 50$, mobile trading, stable platform, unlimited demo account
Disadvantages: 47 currency pairs, no MT5
Comment: A good broker to start trading. There is an unlimited demo account, a stable trading platform. But there is no MT5 and few currency pairs.
Advantages: timely withdraw, low spreads, reasonable leverage, easy trade execution
Disadvantages: NA
Comment: I am trading forex for the past one year now. The trade execution is no doubt easier and quite user friendly where you can also make orders in advance like TP/SL which are executed on time without any hassle. Payment deposits are instant and i usually use skrill to fund my account and the same to withdraw profits and it generally take one business day to process the amount. For the rest, spreads and leverage i.e., also much reasonable.
Comment: Good Leverage like other broker and is not like the crazy offers as other brokers say like 1:3000. The spreads are also very reasonable. They have decent platform with stable execution even during the high impact news release. Profits can be withdrawn anytime without much follow ups.
