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Abstract:LMFX is an innovative online broker that offers individual and institutional clients the opportunity to trade assets such as Forex, commodities, stocks, and metals in the financial markets. LMFX aims to provide its clients with cutting-edge trading tools to help them succeed in the most liquid markets worldwide. LMFX is not currently subject to any effective regulation.
Basic Information & Regulator of LMFX
LMFX is an innovative online broker that offers individual and institutional clients the opportunity to trade assets such as Forex, commodities, stocks, and metals in the financial markets. LMFX aims to provide its clients with cutting-edge trading tools to help them succeed in the most liquid markets worldwide. LMFX is not currently subject to any effective regulation.
Safety Analysis of LMFX
The most important measure of a forex trading platform's safety is whether it is formally regulated. LMFX does not currently hold a regulatory license, making it a risky forex broker. Investors should be careful to avoid LMFX to avoid the risk of losing their money.
Markets Instruments
Investors can trade Forex currency pairs, indices, commodities, metals, oil, and stocks on the LMFX market.
Leverage & Accounts of LMFX
To meet different investors' investment needs and trading experience, LMFX offers three different account types: Premium Accounts (minimum opening deposit of $50), Fixed Accounts (minimum opening deposit of $250), and Zero Accounts (minimum opening deposit of $100). Premium Accounts have maximum trading leverage of 1:1000, Fixed Accounts up to 1:400, and Zero Accounts up to 1:250.
Spreads & Commission Fees of LMFX
The spread on the EURUSD is 1.2 pips, and the spread on the EURGBP is 2.1 pips. The typical spread on the AUS200 is 1 pip, and the typical spread on the GER30 is 1 pip. The minimum spread for LMFX Zero Accounts starts at 0 pips, with a commission of $4 per lot. Premium accounts start at a minimum spread of 1 pip. LMFX charges a commission of 0.10% on equity CFDs.
Trading Platform Applied of LMFX
The LMFX MT4 platform allows traders to execute trades with a highly intuitive and powerful interface quickly. With LMFX MT4, traders can enable users with over 50 advanced indicators and tools to analyze the price dynamics of financial instruments across 9 time frames, identify trends and calculate entry and exit points, among others. In addition, traders can trade via web, Apple, tablet, and Android phones.
Deposit & Withdrawal of LMFX
LMFX welcomes its users a variety of convenient ways to deposit and withdraw funds, mainly via wire transfer (minimum deposit of 250 USD/€ and minimum withdrawal of 100 EUR/$), VISA/MASTERCARD (minimum deposit of 50 EUR/$ and minimum withdrawal of 10 EUR/$), Skrill & Neteller (minimum deposit of 50 USD/€ and minimum withdrawal of 10 EUR/$). LMFX does not charge any additional fees for deposits and withdrawals.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.