LMFX is an offshore broker with excellent potential for growth. It is reliable and reputable. Let’s look at this broker.
Who is behind LMFX?
LMFX is officially owned and operated by Global Trade Partners Limited. They started their operations in 2015. Their head offices are in Macedonia with support services in Bulgaria. This broker is governed by the laws of Macedonia.
Their legal documentation is available online hence has proven of legitimacy. The broker has reinsured itself against any risks ensuring its traders that their funds are safe and secure.
It has several tradable tools.These are Indices, Forex, commodities, shares, metals, and oils. Traders are able to choose what to trade from these options easily.
Which Trading Platforms are available?
The LMFX brokers allow its users to enjoy a wide variety of trading platforms. These platforms are easily accessible from the website.
The Web Trader platform available on the website allows a client direct access to their accounts. This website program is easy to use and not necessarily downloadable. It can be accessed from your computer as well as your mobile phones such that it there with you every step of the way.
The MetaTrader 4 platform that is desirable by most traders is also a great addition to the broker’s website. It provides a very stable environment for trading. It is fast and easy to use. This platform should be downloaded and installed on your laptop to enjoy free Virtual Private Server. It is compatible with both Apple and Mac devices
The Meta Trader Mobile trading platform that is compatible with both the IOS an Android mobile phones operating systems. However, this broker does not offer the app but provides the user with an MT4 mobile trader platform that is standard for free currency trading.
In addition to these platforms, there is an educational tool on the website. Professional educational materials equip beginners with the required knowledge of forex trading. Educational materials are inclusive of Video tutorials, economic calendar, market analysis, and trading tools
What Trading Accounts are available?
The LMFX broker is suitable for all clients’ levels with both real and Demo accounts. It has four different types of accounts.
The premium account provides a lot of flexibility with a minimum trading size of 0.0o1 lots. It has flexible bonus offerings, personal account manager and competitive spreads.
The Zero account allows you to trade at a low cost with no markups or tight spreads. It also offers its clients 0.0 pips with a competitive commission of 1k lot. It is best for high volume trading.
The fixed trading account is suited for those with fixed spreads. It gives you control of your account and also comes with flexible bonus offering, competitive fixed spreads, and a personal account manager.
Demo account. There is a limit of up to three accounts per trader for the demo account it allows a client to have the first-hand experience in trading before they embark on real-time trading.
There are a variety of channels that can be used to fund your account. LMFX accepts wire transfer, Visa, Master Card, Skrill, Neteller, Pesapay, Fasapay and load to finance your accounts. A minimum deposit of 50 dollars is acceptable while there is no limit on the maximum deposit amount.
Withdrawals are requested ion the LMFXCONNECT wallet with a minimum withdrawal amount of 10 dollars. They are processed within the same day
Leverage, spreads, commissions, and Bonuses
Several bonuses are offered.There is a 100% bonus on the initial deposit of over 100 dollars. This broker also allows its clients to trade rewards equivalent to the bonuses awarded. This broker has leverage of 400:1 and 1000:1 depending on the account.LMFX offers a tight spread across its accounts and free trading signals.
They have incredible customer support that is highly capable of email, phone and the live chat feature on the website. Excellent customer service enhances the trust of the customer. The customer support team works for 24 hours and from Monday to Friday. Customer support is offered in English, Russian, Spanish and Arabic.
- Minimum deposit
There is a minimum deposit of 50 dollars for the premium account that attracts even the small scale traders
- Fast support
The customer support system offers quick response and is easy to use
- Multiple account types
This broker has several account types that allow a client to choose that which is most appealing to them.
- No VIP account
There is no account for the most dedicated and professionals available yet.
LMFX offers a wide variety of accounts and trading platforms. The users have the opportunity to choose the tools that are most desirable and fit for their needs. There is also an unlimited offer on the demo account; hence you can practice to your satisfaction. Despite the absence of a more professional account it is worth consideration.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK