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/10

LMFX

United Kingdom|5-10 years|
Suspicious Regulatory License|High potential risk|

https://www.lmfx.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

United States 4.87

Surpassed 65.99% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2035192105
support@lmfx.com
https://www.lmfx.com/
https://www.facebook.com/LMFXcom/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
LMFX
Proton Markets
RCPro

Contact number

English

+44 2035192105

Broker Information

More

Company Name

LMFX

Company Abbreviation

LMFX

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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LMFX · Company Summary

Company Summary

Company profile

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.


News

LMFX Review 2022: Complete Guide of This Online Broker!

NewsLMFX Review 2022: Complete Guide of This Online Broker!

2022-03-10 12:21

In this LMFX broker review, all the important points about the forex broker are discussed that can help the traders make the right choice in the future. We’ll review LMFX for its products and services after thorough research. Read the facts and research you must know in this LMFX review before you sign up for a broker account since there is always a high risk of losing money when trading CFDs. We’ll also review LMFX for its features, app, and mobile trading.

WikiFX
2022-03-10 12:21
News
LMFX Review 2022: Complete Guide of This Online Broker!
Fake Address! LMFX Escaped after Swindling Investor out of 288,000 Naira

NewsFake Address! LMFX Escaped after Swindling Investor out of 288,000 Naira

2020-04-06 18:14

LMFX is an illegal forex broker which is registered in Macedonia, Europe. They have launched branch office at kwara, llorin Nigeria. But it is closed now.

WikiFX
2020-04-06 18:14
News
Fake Address! LMFX Escaped after Swindling Investor out of 288,000 Naira

User Reviews

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3

Comments

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FX1215839020
more than one year
I was lured to the LMFX platform, and what they had promised me was holly ****, and I just wanted to recover my money lost. Who know where I can report this illegal broker?
2023-02-20 09:50
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0
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一束阳光
more than one year
I had no issues all around for the two years I have trading with Blueberry Markets, no slippage, patient customer service, stable trading platform.
2023-02-16 18:08
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0
0
一束阳光
more than one year
Spreads on the LMFX were insanely high even the market was not volatile…I suspect they manipulated it behind. My advice is that don’t trade with this broker.
2023-02-16 18:07
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