What are the trading conditions of Forex with LMFX?
- Service Conditions of LMFX
Service Conditions of LMFX
LMFX is a trade for Global Trade Partners Ltd, an online Forex & CFD broker based in Macedonia.
The broker has been providing services over a year.
LMFX is not regulated yet though(4/2016), the Foreign Exchange service itself is not regulated in the country, and the broker is working to acquire licenses starting from Europe now.
Trading conditions of LMFX
LMFX is a normal online broker which is gaining a lot of popularity, besides the broker offers up to 1:1000 leverage and tighter spread among most of the brokers.
Also LMFX is a complete STP broker which does not act as a Market Maker, meaning that there is no conflict of interest between traders and LMFX.
The basic conditions are:
- Leverage up to 1:1000
- Variety of promotions(Demo/live Contest, 100% deposit bonus, cash back bonus etc)
- Fixed and Variable spread from 0.0 pip(would be 0.4 pip including the commission)
- No fees on deposit
- Forex, Commodities, Precious Metals, Energies, Stock CFDs and Index CFDs are available
- True STP model with fast execution speed
As you can see, LMFX simply surpasses the trading conditions of most of the online brokers in the world.
LMFX uses MT4 as the main platform
LMFX offers MT4 as a trading platform to its traders.
MT4 is the most popular trading platform in the world and LMFX offers MT4 for
- Windows PC
- iOS(iPad, iPhone)
- Web terminal
LMFX does not offer MT4 for MAC though, traders are recommended to trade with devices other than MAC PC as the MT4 itself is not sometimes compatible with MAC.
We have been notified that this causes some errors or malfunctions, you may want to use Windows instead of MAC if possible.
LMFX is a STP broker but not OTC
LMFX is a complete STP model and does not take counter positions to the orders of its clients.
This means that there is no conflict of interest between traders and LMFX.
Some brokers act as a broker and also a Market Maker, and that causes some restrictions on trader’s side.
But as LMFX is a broker, there is no:
- Profit cancellation when withdraw(at least no one has ever heard of) as the broker tries to cover its losses or
- Restrictions on the trading methods in the trading platform(MT4)
LMFX is always happy to help traders to earn profits.
Maximum Leverage is 1:1000
LMFX offers up to 1:1000 leverage to its traders, but is not for all account types or all financial instruments.
In terms of the account types, only the Premium account is eligible to use up to 1:1000 leverage but not others.
|Minimum Spread||1 pip||1.8 pip||0 pip($4/1 lot commission)|
|Required Deposit Amount||50||250||100|
Also the maximum leverage can be used only for Forex trading, but not other financial instruments like commodities, Energies, Precious Metals and Index and Stock CFDs.
For these symbols, fixed margins will be required for trading.
You can find the full contract specifications for all available trading instruments in its official website.
Bonus Promotions of LMFX
There is a lot of promotions run by LMFX and they are gorgeous.
We, Hercules have listed all the bonus promotions and also the contests which are available by LMFX in the page below. Hope it helps.
For the list and conditions of LMFX’s all bonus promotions, visit the page here.
For the list and conditions of LMFX’s all trading contests, visit the page here.
Also, please note that there are some conditions in regards to the usage of promotions.
Please make sure that you read through and understand the terms and conditions provided by LMFX before joining these promotions to avoid any troubles in the future.