Also LMFX is regulated in its local jurisdictions including major financial regulators like Live Markets LLC (Live Markets LLC) (T ). LMFX has been facilitating trade on the financial markets for over 17 years. LMFX offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is LMFX regulated?

Most deposits are processed instantly, allowing quick access to trading. LMFX is an online trading platform of many financial instruments across multiple markets, offering three account types to match different trading styles. The trading platform has relatively low spreads, high transaction speeds, and some accounts offer no commissions. When it comes to forex trading the commissions and spreads vary based on the 3 different account types which include Premium, Fixed, and Zero accounts. Though LMFX has not been regulated yet, they keep trying to provide a lot of convenience and interesting services for clients.

Is LMFX Global?

A minimum of a $100 deposit is required, and there is a commission starting at $4 per lot, with lot sizes ranging from 0.01 to a total of 100. The Zero account provides low trading with no mark-ups and spreads from 0.0 pips. The premium account also provides a personal account manager who may be very useful when there are problems.

• The Learn & Earn Contest runs in demo accounts and provides real cash awards deposited in a live trading account at LMFX.
• The platform is fully capable of executing various order types and traders get access to live trading charts.
• LMFX is an online offshore broker that enables traders from all over the world to speculate on the price movement of forex and CFDs.
• Anyone; an enquirer or a registered client can contact the LMFX client support team anytime 24/5.
• The firm also offers great leverage rates and several bonuses while supporting automated trading and scalping.

Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. LMFX has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, LMFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days.

Stop Loss orders are guaranteed only during market hours and under normal trading conditions. With Negative balance protection, traders cannot lose more money than they have deposited. As a new client of LMFX, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with LMFX in your region.

Fees

You should lmfx review consider whether you can afford to take the high risk of losing your money. Furthermore, eToro is regulated by the US Securities and Exchange Commission. When it comes to client fund protection you are covered by the jurisdiction you are based in. For example, US-based clients are protected by the SIPC investor protection scheme which covers up to $500,000 including $250,000 for cash claims if the broker goes out of business.

Risk Management

You can also contact them via their international phone number, which can be found on their website. The great thing about LMFX is that you can trade stocks from both the US and United Kingdom markets. The stocks available are from NYSE (New York Stock Exchange), NASDAQ (Nasdaq Stock Market), and LSE (London Stock Exchange).

In the case of LMFX, clients can reach the customer services support team via their website, for a live chat option, or by email or their customer services telephone number. The customer services support team is available 24 hours, five days per week. When a broker is regulated by a governing regulatory organization, the risk is lowered for traders.

Yes, LMFX offers free VPS for account balances that are $5000 or more. Based on our research, we have assigned the following ratings to LMFX. Besides the lack of regulatory oversight, we found LMFX to run a very smooth operation that can compete against major brand names in the Forex industry.

Compare LMFX with the top 3 similar brokers that accept traders from your location. When writing this review, we were impressed with the prompt and helpful service we received from the customer support team. LMFX is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency. Their customer service representatives are knowledgeable enough to answer all your queries regarding their website, services, or other trading information. You can rest assured that your questions will be answered without delay.

There are three account types available and the minimum initial deposit required to open the Premium account is only 50 USD. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

Unlike most financial institutions, their website does not mention that they are not regulated. They cover this fact with all these enticing promos, bonuses, and supposedly cutting-edge service and tools that they offer. But in reality, their service is quite underwhelming if you know your way around the market and are familiar with other brokers.

Not only does it raise the risks of scams, but clients that encounter deposit and withdrawal problems or other issues will have limited legal options. The browser-based version of MetaTrader 4 provides clients with a readily accessible platform. Requiring no download, WebTrader offers most of the functionality of the desktop version while logging in from any computer with a browser. The platform supports automated trading through expert advisors (EAs) and boasts over 50 technical indicators, 30 charting tools, and 9 timeframes. There is also the capability to develop and customize indicators, and the platform is available in more than 30 languages.

• You can sign up for a demo account to acquaint yourself with LMFX platform.
• The broker also supports deposits via a wide range of cryptocurrencies, offering flexibility for traders who prefer digital assets.
• As much as they offer shares of listed companies from the United States of America and the United Kingdom, these do not include a lot of stocks.
• The application supports all the order types available on the computer-based server, including stop losses, as well as real-time price quotes, one-tap trading, and full market history.
• However, traders should exercise caution, as the absence of regulatory oversight can lead to potential financial risks.

📙 Do you believe you lack the necessary skills to engage in forex trading? We recommend that you start your journey with this in-depth forex trading guide. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.

The broker is characterized by high leverage, low trading capital, competitive fees, and multiple payment options. The trading platform chosen by the broker is the powerful MT4; which is cross-platform and extensible via plug-in apps. The broker provides bonuses and monthly demo contests as well as trading tools to support and encourage its clients.

But why is the MetaTrader 4 platform so popular amongst the investing community? Despite being widely used and designed for forex trading, MetaTrader 4 can be used to trade other markets such as commodities and indices through CFDs and spread bets. Furthermore, opening either a demo or live trading account is a simple, fully digital process and only takes a few minutes to complete. As you can see LMFX has very tight spreads starting from 0 pips and charges a 0.10% commission fee for stock CFD trading. Additionally, there are no deposit or withdrawal fees which help to keep non-trading costs to a minimum.