LMFX is a retail forex and CFD broker that provides online trading services to retail and institutional clients across the globe. The broker offers a wide range of trading instruments in various markets, such as forex, commodities, stocks, shares, indices, metals, and energies. LMFX provides traders with the MetaTrader 4 platform for desktop, web, and mobile trading, along with a range of useful trading calculators. They also have a selection of educational courses to help clients improve their trading knowledge.
LMFX Review Introduction
In this LMFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including LMFX.
LMFX Platforms & Tools
LMFX provides clients with the popular MetaTrader 4 (MT4) Platform. 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. 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.
In addition to the trading tools that come with the MT4 platform, LMFX traders also benefit from other 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.
LMFX Research & Education
The Broker’s website has some video tutorials. There is a beginner’s trading course and a MetaTrader 4 platform course, and each is followed by a series of review questions.
LMFX Trading Accounts
LMFX has a range of flexible account types to suit different trader’s needs. There is the Premium, Fixed and Zero Accounts to choose from. The main difference between them is in the spreads and commissions. Each account requires a minimum deposit starting from $50. Demo accounts are available to test the different trading platforms and conditions before opening a real account.
LMFX Account Funding
LMFX offers a variety of methods for convenient deposit and withdrawal including bank transfer, credit/debit card, and online payment processors. The processing time and fees depend on the payment method used.
LMFX Customer Service
LMFX provides clients with multilingual customer support that responds very promptly to requests. They can be reached via online chat, telephone, and email.
LMFX is a brand operated by Global Trade Partners Ltd and GTP Solutions Ltd, which are legally registered in Saint Vincent and the Grenadines. However, the broker is not regulated by any government agency.
LMFX Review Summary
LMFX is an online broker that offers a very good range of trading instruments across multiple markets, as well as flexible account types for different trading styles. They offer useful tools like trading calculators and VPS, and their customer support team is approachable.
It is worth mentioning that some of the trading products and services in this LMFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LMFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.