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.

LMFX Broker Features
LMFX Broker Features

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 Trading 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
LMFX MT4 Web Platform
LMFX MT4 Web Platform

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.

LMFX MT4 Mobile Platform
LMFX MT4 Mobile Platform

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

LMFX Trading 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.

LMFX Pivot Points Calculator
LMFX Pivot Points Calculator

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.

LMFX Economic Calendar
LMFX Economic Calendar

LMFX Financial Instruments

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.

LMFX Research & 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

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.

LMFX provide you with the option of choosing how you want to see the pricing. Variable through the premium account; fixed through the FIX Account or tight spreads plus commission through the Zero Account, they have the ability to give you what you want. Whatever your trading requirements, appetite for risk and available capital, LMFX has an account to suit any trader!

Demo accounts are available to test the different trading platforms and conditions before opening a real account. They don’t have any Islamic swap-free accounts for Muslim traders at the moment.

Premium Account

The LMFX Premium Account has been carefully tailored to meet the trading needs of retail FX traders and with the minimum trade size starting at 0.01 lots, this competitive account offers you the flexibility to trade up to 60 lots in a single trade.

  • Spreads From: 1
  • No commission
  • Leverage: 1:1000
  • Minimum Opening Deposit USD: 50
  • Minimum Reload Deposit USD: 25
  • Maximum Total Trade Size: 60
  • Maximum Number of Open Trades: 100
  • Account Currency: USD/EUR
  • Margin Call (Percentage): 50
  • Stop Out (Percentage): 20

Fixed Account

The LMFX Fixed Account is the perfect solution for traders who prefer to trade with fixed spreads. Knowing the spreads that you will receive in advance on this account can give you greater control over your trading and improved accuracy when calculating positions.

  • Spreads From: Fixed
  • No commission
  • Leverage: 1:400
  • Minimum Opening Deposit USD: 250
  • Minimum Reload Deposit USD: 50
  • Maximum Total Trade Size: 75
  • Maximum Number of Open Trades: 150
  • Account Currency: USD/EUR
  • Margin Call (Percentage): 30
  • Stop Out (Percentage): 15

Zero Account

The LMFX Zero Spread Account is a low-cost trading account that has no spread mark-ups and super-tight spreads starting from 0.0 pips. Trade on Interbank spreads with an LMFX Zero Account and bring the cost of your trading down.

  • Spreads From: 0
  • Commission USD Per Lot: 4
  • Leverage: 1:250
  • Minimum Opening Deposit USD: 100
  • Minimum Reload Deposit USD: 50
  • Maximum Total Trade Size: 100
  • Maximum Number of Open Trades: 200
  • Account Currency: USD/EUR
  • Margin Call (Percentage): 30
  • Stop Out (Percentage): 15

Demo Account

Do you fancy practising your trading strategies online first? If you are new to trading and want to familiarise yourself with the MT4 platforms and trading online, or you just want to try out the brokers products and service, the free demo account comes preloaded with virtual funds and lets you trade risk free. Once you have gained the confidence and skills to trade for real, you can then switch over to a real live trading account.

LMFX Account Funding

LMFX offers a variety of methods for quick and convenient deposit and withdrawal including bank transfer, credit/debit card, and online payment processors. The variety of methods to deposit funds makes it easy with no delays to fund your account and start trading since the markets are moving fast. Funding into your LMFX account could not be easier. You access your Client area choose the payment gateway/method of choice and fund your account.

LMFX Account Funding
LMFX Account Funding

The processing time and fees depend on the payment method used. Bank transfers can take a few days to clear, card payments and e-wallet payments can be instant. Make sure you check to see if you will be charged any third-party transfer fees.

LMFX Customer Service

LMFX provides clients with 24/5 multilingual customer support that responds very promptly to requests. They can be reached via online chat, telephone, and email. I found them to be very quick to respond and helpful when it came to answering all of my questions in a satisfactory manner.

LMFX Regulation

LMFX is a forex broker based in Macedonia. Unlike US or EU based brokers, this allows LMFX to offer significantly higher leverage, all the way up to 1:1000. Although it is unregulated, LMFX has been in operation providing services for forex traders since 2015.

LMFX have taken extra measures in order to ensure a very high level of fund safety which is a main priority of the broker. Segregated accounts are set-up in order to ensure that there is clear and complete separation of Client funds from those of the Company. This means that in the unlikely event that LMFX is no longer able to offer its services to its Clients, Client funds should be returned to them as they have been correctly accounted for prior to any trading activities being terminated.

In the event that LMFX is forced into liquidation, all funds designated as Client funds and held in the Client Accounts should be returned to the Clients as per the funds held on their behalf by LMFX minus any costs associated with administration and distribution of these funds.

LMFX FAQ

What is LMFX minimum deposit?

The minimum deposit required by LMFX is $50.

Where is LMFX based?

LMFX is based in the Republic of Macedonia.

When was LMFX founded?

LMFX was founded in 2015.

What are LMFX platforms?

LMFX provides the MetaTrader 4 platforms for web, desktop and mobile.

What trading instruments do LMFX have?

With LMFX, you can trade CFDs on Forex, Stocks, Shares, Indices, Commodities, Metals and Energies.

What are LMFX deposit and withdrawal options?

LMFX accept deposits and withdrawals via bank transfer, credit/debit card and various e-Wallets.

What is LMFX leverage?

The maximum leverage at LMFX is 1:1000 for qualifying clients.

What is LMFX commission fee?

LMFX do not charge any commission fees on some accounts whereas others have a commission starting from $4 per standard lot.

What are LMFX spreads?

LMFX have variable and fixed spread accounts. You can open an account with raw spreads starting from 0.0 pips.

Do LMFX offer demo accounts?

Yes, there is a free LMFX demo account if you would like to practice trading online and test out the brokers services before opening a real account.

Do LMFX offer Islamic accounts?

No, the broker currently does not have a swap-free Islamic account option for Muslim traders.

Do LMFX allow scalping, hedging, news trading and automated trading?

Yes, LMFX do not have any restrictions on trading strategies.

Do LMFX charge an inactivity fee?

No, LMFX do not charge any inactivity fees.

Is LMFX regulated?

No, LMFX is not currently regulated.

LMFX Review Summary

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.

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.

LMFX

8.2

Spreads

9.0/10

Liquidity

9.0/10

Commissions

9.0/10

Support

9.0/10

Regulation

5.0/10

Features

  • Great choice of trading instruments across different asset classes
  • The flexible MetaTrader 4 platforms
  • Tight spreads and low fees
  • Advanced Institutional & Retail Trading
  • Mobile & Desktop Trading
  • In-depth Daily Market Analysis
  • Education & trading tools
  • VPS hosting
  • Leverage from 1:1 to 1:1000
  • 24/5 multilingual support