LMFX Review

LMFX is an established Forex and CFD broker that provides online trading services to retail and institutional clients across the globe. The broker offers a great range of trading instruments in various markets for you to trade via the user-friendly MetaTrader 4 platform, including Forex, Commodities, Stocks, Shares, Indices, Metals and Energies. They have very competitive trading conditions such as spreads from zero pips, low commission fees, fast trade execution speeds, leverage up to 1:1000, various account types and payment options. LMFX also have a generous selection of trading tools and educational courses to help clients improve their trading knowledge and skills. The broker welcomes traders from all backgrounds, regardless of your investment size or experience level. All clients can get access to the same trading conditions and dedicated support team.

LMFX state that they believe in the importance of building strong, secure foundations and the cornerstone of their mission is to provide the full spectrum of cutting-edge trading platforms, tools and services that their clients require in order to succeed in the world’s global markets. LMFX delivers what traders in today’s financial markets need the most. From fast execution and deep liquidity to automated withdrawals of profits and ensuring funds are deposited securely in segregated accounts, they are on a call 24 hours a day, 5 days a week to help clients with their trading needs. You can take advantage of the brokers diverse range of products including a wide variety of instruments, industry-leading MT4 mobile and desktop platforms, in depth Daily Market Analysis and several other tools.

Markets

LMFX have hundreds of CFD instruments for you to trade, covering Forex, Indices, Commodities, Stocks, Shares, Metals and Energies. Whatever your interests may be, chances are there will be plenty of choice for your trading strategies.

CFD Trading Instruments

Contracts for Difference (CFD) are derivative financial trading instruments. With CFDs, you can speculate on rising or falling prices of rapidly moving financial instruments. These include treasuries, currencies, indices, commodities, and shares. When trading via CFDs, you don’t take ownership of the underlying asset, which means you can take advantage of rising and falling markets by going long or short. The difference in price between the start and end of the CFD, is the profit or loss minus any applicable brokerage fees.

Platforms

LMFX MT4 Platform
LMFX MT4 Platform

MetaTrader 4

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. The LMFX MT4 Platform gives you fast and easy access to all financial instruments, with liquidity and the highly intuitive, powerful interface that has made MetaTrader 4 one of the most popular trading platforms in the world.

MT4 is available as desktop applications for Windows and Mac computers and as a web platform, which runs directly in most modern web browsers like Chrome, Safari, Firefox, and Edge, without the need to download or install any additional software.

There is also the MT4 mobile platform for iOS and Android devices, which is very useful for clients who need to access their trading account from anywhere in the world, while on the go. It can be downloaded from the relevant app stores.

LMFX MT4 Desktop Platform
LMFX MT4 Desktop Platform

MT4 Desktop Platform

With the LMFX MT4 desktop platform, you have more than 50 advanced technical indicators and tools available to help you to analyse the price dynamics of financial instruments across nine timeframes, identify trending markets, reversals and calculate entry and exit points, etc.

  • User-friendly interface
  • 9 timeframes per instrument
  • 50+ built-in indicators
  • Functionality to layer indicators
  • Access market news directly
  • Advanced charting and analysis
  • Create and use Expert advisors (EAs)
  • Trailing Stop Loss functionality

MT4 Web Trader

Trade with ease and comfort on the new LMFX WebTrader, the user-friendly, multilingual, award-winning MetaTrader 4 Platform for your browser without downloading or installing any additional software.

You can trade from any web browser knowing that you will receive the same high performance, effectiveness, reliability, and security as your desktop application.

MT4 Mobile Trader

The MT4 app offers the same functionality as the standard LMFX trading platforms integrated with modern smart device technology. You can trade on-the-go with the innovative MT4 app and experience the same MT4 functionality that comes as standard on LMFX trading platforms.

  • Place instant and pending orders
  • Easily monitor your open trades
  • Modify open positions
  • One-click trading for market orders
  • Real-time quotes
  • View and analyse your trading history
  • Analyse real-time, intraday tick charts
  • 30 popular technical indicators
  • Set Stop Loss and Take Profit levels
  • Messaging service: MQL5 notifications, MT4 Desktop messages and LMFX messages
  • Toolbox window: orders, history, emails, news and journal

Tools

In addition to the vast amount of trading tools that already come included within the MT4 platform, LMFX traders also benefit from a great choice of useful trading tools including the Fibonacci Calculator, Pivot Points Calculator, Risk and Reward Calculator, Position Size Calculator, Pip Value Calculator, Risk Percentage Calculator, Multitarget Calculator, Economic Calendar, Virtual Private Server (VPS), and more.

Forex VPS

Trading on a Forex VPS with LMFX gives you access to over 250 financial instruments 24/5. Your VPS will always be on, no matter if you lose power or if you are having network issues at home. The VPS comes with LMFX MT4 Terminal installed so that you can start trading instantly. The servers are located next to the Trading environment for almost zero delays when trading whilst the infrastructure utilizes modern solid-state drive technology, for a super-fast trading experience. It also doesn’t have any restrictions on trading strategies, you are free to install any Expert Advisors, Indicators or Plugins of your choice. You can get the Forex VPS for just $20 per month or you can get it for free with any deposit equal to or greater than $5,000.

Fibonacci calculator

Enter the high and low to quickly calculate four basic Fibonacci support and resistance retracement values at 23.8%, 38.2%, 50% and 61.8%.

Pivot Points Calculator

Enter High, Low, Close and Current Open Price to calculate Floor, Woodie’s, Camarilla and DeMark’s Pivot Points and to predict support and resistance levels.

Position Size Calculator

Free Forex tool that lets you calculate the position size in lots to accurately manage your risk. It works with all major currency pairs and crosses. It requires the minimum input values but allows you to tune it finely to your specific needs. All you need to do is fill the form below and press the Calculate button. Use this calculator to help you efficiently manage the position size of your trade on a currency pair of your choice and the margin that will be required.

PIP Value Calculator

To calculate pip value, simply enter your account currency, currency pair being traded and position size.

Risk & Reward Calculator

The risk and reward calculator will help you to calculate the position’s best targets and their respective reward-to-risk ratios based on the Fibonacci retracements from the local peak and bottom. It’s a powerful tool to help try and determine the potential risks before entering any positions.

Risk Percentage Calculator

To quickly determine your lot size, enter your account currency, currency pair, account balance, the percentage you are willing to risk, open price, and stop loss price.

Economic Calendar

If you want to stay up to date with latest news releases, the economic calendar is a great tool for fundamental analysis. You can see the dates and times of news releases, along with the previous, forecasted and actual impact that they can have on different currencies.

Education

LMFX have an extensive selection of educational materials that are aimed to guide you through the exciting world of financial markets. On the brokers website, you will find video tutorials, a beginner’s trading course and a MetaTrader 4 platform course, each being followed by a series of review questions to ensure you have understood the information provided.

LMFX Video Tutorials
LMFX Video Tutorials

Conclusion

LMFX is an innovative online broker that offers a great range of trading instruments across different markets, as well as flexible account types for different trading styles and convenient account funding methods. They offer useful tools including trading calculators and a free forex VPS for qualifying clients, whilst their customer support team is approachable and available 24 hours day, 5 days a week.

LMFX can certainly deliver a good trading experience that includes some very competitive trading conditions available to each and every client, allowing retail and institutional traders alike to trade Forex and CFDs on Commodities, Indices and Shares.

In addition to an advanced trading environment, clients also have full access to exceptional educational resources via the LMFX Education Centre and advanced trading tools that have been designed to improve trading performance.

LMFX

7

Markets

7.0/10

Platforms

7.0/10

Tools

7.0/10

Education

7.0/10

Pros

  • Good choice of financial instruments
  • Versatile trading platforms
  • In-depth market analysis
  • VPS hosting
  • 24/5 multilingual support

Cons

  • Not regulated
  • $250 minimum deposit via bank transfer
  • No swap-free accounts
Free Forex Robot