By following these steps, you can swiftly set up your LMFX account, fund it, and engage in trading across a diverse range of financial instruments.

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Trading Conditions on LMFX Platform

Offering a wide array of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies, LMFX platform provides an extensive framework for traders seeking to diversify their portfolios or specialize in specific markets. Here we delve into the trading conditions offered by LMFX, focusing on leverage, market hours, price derivation, and the intricacies of trading on this platform.

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Leverage and Exposure Limits

LMFX offers dynamic leverage options, varying significantly across different asset classes to accommodate the risk tolerance and strategy of every trader. The platform operates on a sliding scale of leverage based on the trader’s total open exposure in each asset class, providing flexibility and control over trading positions.

• Cryptocurrencies: Up to 100x leverage.
• Forex: Up to 1000x leverage, with staged reductions based on total exposure.
• Commodities and Indices: Up to 500x leverage, with adjustments according to exposure levels.
• Stocks: Up to 100x leverage.

This dynamic leverage model ensures that traders can maximize their trading potential while managing risk effectively. The leverage schedule, updated since January 1st, 2020, outlines specific tiers for total exposure across various markets, with leverage adjusting as exposure increases.

Trade with the Dynamic Leverage

Trading Hours and Market Operations

LMFX aligns its trading server times with GMT+2 during winter and GMT+3 in summer. This timing strategy is designed to follow traditional market hours, including those of Bitcoin CME and CBOE futures, ensuring a smoother technical analysis and back-testing experience by avoiding small candlesticks on Sundays.

Cryptocurrency pairs are available for trading 24/7, reflecting the non-stop nature of the digital currency markets. For Forex markets, although trading is continuous, positions are accounted for daily, with an end-of-day time at 5:00 PM New York time to accommodate the rollover of positions to the next trading day.

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Price Derivation and Liquidity

The pricing on LMFX is derived from the buy and sell volume of clients trading on the platform. To ensure deep liquidity at spot market prices, the platform leverages exchange liquidity, particularly when trade volumes exceed in-house capacity. Liquidity is aggregated from several top exchanges, including Binance, Bitfinex, BitMEX, Bitstamp, Coinbase, Deribit, and Kraken, depending on market and technical conditions.

Trade with the deep liquidity

Margin Calls and Stop-Out Levels

Both margin call and stop-out levels on LMFX are set at 30%. This means if a trader’s margin level (equity/margin) falls below 30%, the platform automatically closes the largest losing position to bring the account’s margin level back above the threshold, protecting traders from excessive losses.

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Swap Rates and Rollovers

Swap rates, or rollover charges, are a critical aspect of Forex trading, compensating for the interest rate differentials between the currencies involved in a trade. LMFX updates its swap rates daily at midnight UTC, and these can be found on the platform’s website, the specifications panel of the Webtrader, and within the MetaTrader terminal. The settlement date for most Forex instruments is two days post-closure, with specific considerations for positions held open past 5 PM New York time, especially on Wednesdays, to account for the weekend.

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List of Financial Markets offered by LMFX

LMFX is offering a platform that seamlessly combines the agility of cryptocurrency with the breadth of traditional financial markets. This unique fusion allows traders to engage with a wide array of financial instruments, leveraging the volatility and growth potential of various asset classes. From Forex to stocks, and commodities to cryptocurrencies, LMFX provides an expansive trading environment designed for both seasoned traders and newcomers alike. Let’s delve into the details of what LMFX offers across these markets.

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Forex Trading on LMFX

Forex, the world’s largest and most liquid financial market, is a cornerstone of LMFX’ offerings. With over $5 trillion in daily trading volume, the Forex market presents unmatched opportunities for traders. LMFX capitalizes on this by offering:

• High Leverage: Up to 1000:1 leverage on all Forex trading, enabling significant market exposure for traders with relatively small capital.
• Wide Selection of Currency Pairs: Over 50 popular Forex pairs, including majors, minors, and exotics, ensuring traders can find their preferred market movements and trading setups.
• Competitive Spreads: Benefit from some of the narrowest spreads in the industry, thanks to LMFX’ deep liquidity.

Invest in Forex with LMFX

Cryptocurrency Trading

As a crypto-first trading platform, LMFX offers a robust environment for trading Bitcoin and leading altcoins with high leverage. Key features include:

• High Leverage: Up to 100x leverage on all cryptocurrency trading.
• Crypto-Based Accounts: Trade using Bitcoin, Litecoin, Ether, Solana, or gold-margined accounts, offering flexibility in how you manage your trading capital.
• Market Accessibility: Cryptocurrency markets are open 24/7, providing constant trading opportunities without the restrictions of traditional market hours.

Invest in Cryptocurrency with LMFX

Indices Trading

LMFX grants direct access to the world’s leading stock indices, combining low spreads with fast execution. This includes:

• High Leverage: Up to 500x leverage on index trading, allowing for significant exposure to global stock markets.
• Selection of Indices: Trade popular index CFDs like the S&P 500, Nasdaq-100, Dow Jones, FTSE 100, and Nikkei 225, among others.
• Fast Execution: Benefit from the platform’s fast market execution to make the most of your trading strategies.

Invest in Indices with LMFX

Commodities Trading

The commodities market, known for its volatility and diversification potential, is well-represented on LMFX. Traders can engage with:

• High Leverage: Up to 500x leverage on commodities, enabling traders to amplify their positions in the metals and energy sectors.
• Diverse Commodities: Trade precious metals like gold, silver, palladium, and platinum, as well as energy commodities such as natural gas and crude oil.
• Competitive Conditions: Enjoy narrow spreads and high liquidity, making it easier to enter and exit positions.

Invest in Commodities with LMFX

Stocks Trading

For those interested in the equities market, LMFX provides leveraged trading on leading stock CFDs, with features such as:

• High Leverage: Up to 100x leverage on stock trading, offering substantial market access.
• Crypto-Based Accounts: Use your cryptocurrency or gold holdings as collateral for trading stock CFDs like Apple, Tesla, Amazon, and many others.
• Narrow Spreads and Liquidity: Trade with competitive conditions, ensuring your trades are executed efficiently.

Invest in Stocks with LMFX

Account and Funding Flexibility

LMFX stands out for its inclusive approach to account management and funding:

• Single Account Type: Featuring raw variable spreads, interest rate payouts and charges, and fixed percentage commissions across all trading pairs.
• Diverse Funding Options: Support for deposits and withdrawals in BTC, LTC, ETH, SOL, USDT, USDC, XAUT, and PAXG, along with fiat options via credit card and bank transfer.
• No Minimum Deposit: Offering flexibility for traders of all sizes to start trading without the barrier of a high entry threshold.

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LMFX Trading Platforms

LMFX is catering to a wide range of traders by offering access to a variety of financial markets including cryptocurrencies, Forex, commodities, stocks, and indices. Central to its appeal are the trading platforms it offers: LMFX Webtrader and MetaTrader4 (MT4). Each platform is designed with specific features to enhance the trading experience, providing traders with the tools and flexibility they need to navigate the markets effectively. Here we explore into the functionalities, advantages, and how to get started with each of these platforms on LMFX.

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LMFX Webtrader: Why Choose LMFX Webtrader?

LMFX Webtrader is designed for traders seeking a straightforward, fast, and reliable online trading experience. It stands out for its intuitive interface, comprehensive array of trading tools and indicators, and a crypto-first approach to infrastructure security. Here’s why it might be the right choice for you:

• User-Friendly Interface: The platform is built for ease of use, with a straightforward layout that makes trading more accessible and convenient than ever.
• Powerful TradingView Charting: Integrated directly within LMFX Webtrader, offering advanced charting tools and real-time data for precise technical analysis.
• Comprehensive Account Management: Direct and instant online access allows you to manage your accounts, settings, and funds seamlessly from anywhere.

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Key Features of LMFX Webtrader

• Security: Prioritizing the safety of your assets, all incoming deposits are directed to cold storage, with private keys securely stored away from internet-facing devices.
• Versatility: Supports trading across five asset classes and 120 trading pairs, providing ample opportunities for diversification.
• Ease of Account Creation: Opening an account is as simple as filling out a registration form with your name and email, followed by account activation through a provided link.

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MetaTrader4: Why Opt for MT4?

MetaTrader4 (MT4) is an advanced, institutional-grade platform that offers extensive trading possibilities and a customizable environment for trading across different markets and asset classes. It’s ideal for traders looking for:

• Flexibility: Trade crypto, Forex, stocks, commodities, and indices with accounts based in Bitcoin, Ether, Litecoin, Solana, gold, and USD.
• Advanced Trading Tools: A full suite of order types, real-time market depth, and the ability to use automated trading robots (EAs) and algorithms.
• Accessibility: MT4 is available on all devices and operating systems, ensuring you can trade from anywhere, at any time.

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Noteworthy Features of MT4

• Comprehensive Order Types: Including market, limit, stop, and trailing stop orders, plus one-click trading for efficiency.
• Automated Trading: Utilize Expert Advisors (EAs) and custom indicators built with the MQL5 programming language for algorithmic trading.
• Advanced Charting: Open up to 100 charts simultaneously, with 21 time-frames and over 1000 technical indicators and robots for thorough market analysis.
• Strategy Testing: A multi-threaded strategy tester allows for unlimited testing and optimization of your trading strategies and EAs.

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Getting Started with MT4

Setting up an MT4 account on LMFX is straightforward. After completing the initial registration with just your name and email, you’ll set your MT4 account password through the LMFX account dashboard. MT4 is accessible via Windows desktop client, a browser app, and mobile apps for both Android and iOS devices, ensuring you have the flexibility to trade how and where you want.

LMFX offers two powerful trading platforms, each catering to different trader needs and preferences. Whether you value the simplicity and directness of LMFX Webtrader or the advanced capabilities and flexibility of MetaTrader4, both platforms provide a secure, reliable, and efficient trading environment.

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Deposit and Withdrawal Options

By supporting various cryptocurrencies, stablecoins, and tokenized assets, LMFX ensures that traders can easily fund their accounts and withdraw their earnings in a manner that suits them best. Here we will explore the deposit and withdrawal processes, supported currencies, and the seamless conversion features available on LMFX.

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Supported Currencies and Networks

LMFX accommodates a variety of deposit options including major cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Ether (ETH), and Solana (SOL); stablecoins like USDT and USDC; and gold-pegged tokens XAUT and PAXG. These assets can be deposited over their native networks, with specific support for Ethereum, Solana, and Tron for stablecoin transactions. The platform uniquely integrates these diverse deposit methods to cater to the needs of modern traders, offering conversions to USD for stablecoins and XAU for gold-pegged tokens upon deposit completion.

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Making Deposits

Deposits on LMFX can be initiated directly from the ‘Wallets’ section after logging into your account. Here’s a step-by-step guide:

1. Selecting the Currency: Navigate to ‘Wallets’ and click on the ‘Deposit’ button next to your chosen currency.
2. Retrieving the Deposit Address: You’ll see your deposit address for the selected cryptocurrency or stablecoin. If it’s your first time, click on ‘Get Deposit Address’.
3. Completing the Deposit: Send your funds to the provided address. The platform will automatically credit your account after the required number of blockchain confirmations.

LMFX requires a single confirmation for BTC and LTC deposits, while ETH, SOL, USDC, and USDT require 32 confirmations to ensure security and accuracy.

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Buying Crypto for Deposits

For users who prefer to fund their accounts via fiat currencies, LMFX facilitates the purchase of cryptocurrencies through bank transfers, Google Pay, or credit/debit cards via a partnership with Transak. This service is available in over 60 countries, allowing for an easy on-ramp from fiat to crypto within the trading platform.

Buy Cryptocurrencies to make a deposit

Withdrawal Process

Withdrawals are handled with utmost security, processed manually from cold storage to ensure the safety of your funds. The platform prides itself on offering free withdrawals, covering all blockchain transaction fees. Here’s how withdrawals work:

• Initiating a Withdrawal: Within the Secure Client Area, select the ‘Withdrawal’ option for your chosen currency.
• Security Measures: Enter your web login password, and if 2FA is enabled, your 2FA code as well. An email will be sent to you for withdrawal approval.
• Approval and Processing: After email approval, your withdrawal request joins the queue and is typically processed within a few hours, with a maximum timeframe of 24 hours.

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No Hidden Fees Policy

LMFX maintains a transparent fee structure with no hidden charges. There are no fees for deposits, withdrawals, or currency conversions within the platform. This policy extends to the trading environment, where competitive commissions are applied transparently across different markets.

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Currency Conversions

Traders can effortlessly convert between supported currencies (BTC, LTC, ETH, SOL, XAU, and USD) directly within their wallets, instantly and without any fees. This feature enhances trading flexibility, allowing traders to adapt to market changes swiftly.

Convert Currencies through LMFX

Minimum Withdrawal Amounts

While deposits are welcomed without a minimum limit, withdrawals have set minimum amounts to ensure the transactions’ efficiency and security. These are modest and designed to accommodate the needs of all traders.

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FAQs about LMFX’ Service

What is LMFX?

LMFX is an online trading platform founded in late 2016, designed to merge the worlds of traditional finance and cryptocurrency trading, offering a wide range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies.

What leverage options does LMFX offer?

LMFX offers dynamic leverage options up to 1000x for Forex and varying levels for other markets, tailored to the trader’s total open exposure in each asset class.

How does LMFX ensure the security of client funds?

The platform prioritizes security by directing all incoming deposits to cold storage, requiring manual processing for all withdrawals, and constantly monitoring systems for suspicious activity.

Are there any fees for deposits and withdrawals on LMFX?

LMFX does not charge any fees for crypto or stablecoin deposits and withdrawals, maintaining a transparent fee structure across all transactions.

What are the trading hours on LMFX?

Cryptocurrency pairs are available for trading 24/7, while Forex market positions are accounted for daily with an end-of-day time at 5:00 PM New York time.

What happens if a trader’s margin level falls below 30%?

If a trader’s margin level falls below 30%, LMFX automatically closes the largest losing position to bring the account’s margin level back above the threshold.

What deposit options are supported by LMFX?

The platform supports deposits in major cryptocurrencies (BTC, LTC, ETH, SOL), stablecoins (USDT, USDC), and gold-pegged tokens (XAUT, PAXG), with specific support for various networks.

Can traders convert between supported currencies on LMFX?

Yes, traders can seamlessly convert between supported currencies directly within their wallets, instantly and without any fees.

What is the minimum withdrawal amount on LMFX?

The minimum withdrawal amounts are set for each currency, such as 0.001 BTC for bitcoin, ensuring transactions’ efficiency and security.

How does LMFX handle withdrawal requests?

Withdrawals are processed manually from cold storage, usually within a few hours but can take up to 24 hours, with an email sent for approval to ensure security.