LMFX Review
LMFX is a forex broker that offers all the basics and is best suited for beginners. LMFX provides three types of accounts and offers a comprehensive education for beginners that ensures its clients know what they are doing before starting the actual trading. They provide various trading assets and commodities that allow the traders to diversify their investments. Its spreads are fixed and, depending on the account type, its leverage can vary up to 1000:1.
Pros and Cons
- Great educational tools for beginners, as well as for advanced traders
- High leverage of 100:1
- They offer very low spreads
- 100% deposit bonus and 15% recovery bonus offered
The broker is unregulated.
Company Information
The broker is registered in the Republic of North Macedonia and provides service to all major countries, including the UK, Canada, and Australia. The company has established a solid reputation in the Forex industry for offering all traders the best conditions.
Trading Platforms:
MT4:
The MT4 is a very good platform for beginners because it provides easy-to-use tools, including an automated assistant that helps set up trades. The platform provides a simple-to-use system for trading. It also allows various customization options to suit your needs. You can access the flexible, rich-in-features platform through multiple devices. MT4 can be downloaded and installed on different types of devices and is available in different languages.
Types of Trading Account:
There are three types of trading accounts offered by LMFX: Premium Account, Fixed Account, and Zero Account.
Premium Account:
LMFX Premium account is suitable for people who want to trade in higher volumes. This account provides the best trading conditions, including low spreads starting from 1 pip, high leverage of 1:1000, and flexible bonuses. This account has a deposit of a minimum of $50.
Fixed Account:
LMFX fixed account is suitable for people who want to trade in lower volumes and have set budgets. This account is very simple to use for everyone. It provides great conditions with a minimum deposit of $50. The spreads are fixed. This account provides leverage of 1:400.
Zero Account:
LMFX zero accounts are suitable for people who want to start trading with no spreads. This account provides zero-spread trading conditions that help you trade with very little or no commission. The minimum deposit to open the account is $100$, and the leverage offered on this account is 1:250.
Payment:
LMFX offers a variety of payment and deposit options, including credit cards, wire transfers, Vlad, Skrill, Fastpay, and Neteller. The company offers a 100% deposit bonus and a 15% recovery bonus.
Customer Support & Education Center:
LMFX provides very good customer support that is available 24/5. You can contact customer support by using the live chat window available on the website. LMFX customer support provides a very quick response time, and you can get all your queries resolved in no time.
Account Opening:
You can open an account with LMFX by following the below steps:
- Enter your personal information.
- Enter deposit details.
- Open an account.
You can deposit funds using a debit card, credit card, e-Wallets, or bank transfer. There are many other payment methods available on the platform. Once you have deposited funds into your account, you can start trading.
Conclusion:
LMFX is a forex broker that has been around for many years. It provides great trading conditions along with high leverage. The account opening process is easy, and the customer support is responsive and available 24/5.
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