LMFX Review

Many refer the company to non-standard brokers, as it does not disclose the place of its registration. However, it has been working for 4 years with quite interesting assets and provides its services to both Europeans and Americans. Traders are attracted by the great variability of trading conditions, although there are also disadvantages in the company’s work.

Brand history and distinguishing features of the LMFX

The rights to the brand belong to the American corporation Global Trade Partners Ltd., although more accurate data on the location of the broker does not appear anywhere. There is only a year of foundation — 2015, and by the existing registration number you can determine that its head office is located in Northern Macedonia. Support service is located in the UK.

For work, the company uses the popular trading platform MetaTrader 4. There is a mobile version for working with smartphones. Clients can use some good analytical and auxiliary tools. Job seekers are invited to:

• currency pairs – 47;
• metal and energy carriers – 7;
• indices – 9;
• stocks – 15;
• CFD – 5.

During the initial registration, you must enter your personal data, phone, country and e-mail. After receiving the account, verification is carried out with the provision of electronic copies of identity documents and domicile. Support service is in English only. Scalping and hedging are allowed. There is a demo-account without restrictions, with functions identical to real accounts:

• platform;
• counseling;
• leverage.

It can be opened from your personal account. The company does not have PAMM services and binary options, trading with automatic advisers is allowed only within the capabilities of the platform.

Trading operations and calculations

Three types of accounts are currently available:

• zero;
• fixed;
• premium.

The minimum deposit amount is $50. A maximum leverage is 1:1000. At the beginning of trading, you can get a 15% increase in open deposit or use a 100% credit bonus to increase leverage. If all the conditions are met, then the bonus can be withdrawn. The site has a blog with analytics (Market Analysis), updated every 3-4 days, an economic calendar and several calculators for trading. Beginners are provided with learning materials and courses with video lessons.

Replenishment and withdrawal of funds is possible in the following ways:

• bank transfer;
• international bank cards Visa and MasterCard;
• skrill;
• neteller;
• FasaPay.

Replenishment and withdrawal of funds does not occur as fast as we would like. The minimum withdrawal amount is $10.