LMFX Broker Service Review - MT4 FX broker with STP execution
- Who is LMFX?
- Trading Conditions of LMFX MT4
- LMFX Broker Service Review
- Various Deposit and Withdrawal methods
- LMFX’s Bonus Promotions and Trading Contest
- Over 100 financial markets in one account
- LMFX offers 1:1000 high leverage
- 3 Account Types for 3 types of traders
- No Restrictions on LMFX MT4
- Free VPS for EA traders
- Segregated Bank Account for investors
- 24/5 Multilingual Customer Support
- No complaints from traders
- Utilize LMFX’s Online Investment Tools
- Open LMFX’s FX trading account today
Here we will review the service of LMFX.
Please note that the review written in this page is not for advertising objective nor officially authorized by any entities, but it is intended to help traders get to know about this broker better.
Who is LMFX?
LMFX is an online Forex and CFD broker based in Macedonia.
It is a relatively new broker as it has started providing financial service since 2015.
Not so many reviews about this broker so far, but no bad reviews either.
Please note that LMFX is not yet regulated by any financial regulatory authorities, but we, Hercules introduce this broker as we find good faith in its honest operation and potential in LMFX.
For more information about LMFX’s service, visit the page here.
Trading Conditions of LMFX MT4
LMFX offers normal number of financial instruments including Forex Currency Pairs, Precious Metals and CFDs.
Leverage is up to 1:1000 which is higher than most of brokers. The stop out level is set to 15%(or 20%) and NBP(Negative Balance Protection) is also provided.
The spread can be chosen from Variable and Fixed which starts from 0.4 pips(including commissions).
There is no restrictions on trading methods as LMFX is a STP broker.
The trading condition of LMFX is better than many brokers.
LMFX Broker Service Review
We have picked up some of LMFX’s service aspects here.
See the 10 main aspects of LMFX which prove the service quality of this STP MT4 broker.
1. Various Deposit and Withdrawal methods
LMFX accepts fund deposits and withdrawals via various methods.
The available methods for fund transfer are bank wire transfer, credit and debit card, and online wallets (e-wallets).
To make a deposit or request for fund withdrawal, you need to login to LMFX’s secure client portal.
Many fund deposits are completed instantly thus giving flexibility to traders while trading.
LMFX does not limit the amount of deposit and withdrawal.
LMFX does not charge any fees for deposit and withdrawal.
With LMFX, you can manage your funds hassle-free for 24 hours a day and 7 days a week.
You can find out more about the conditions of LMFX’s fund deposit and withdrawal in the article here.
2. LMFX’s Bonus Promotions and Trading Contest
The promotions of LMFX are really attractive for anyone.
As LMFX is a STP broker, the broker is really helpful for pushing up the traders to a successful level in trading.
Some main promotions are:
- 100% Deposit Bonus (up to 5,000 USD, available for withdrawal by trading required lots)
- 15% Phoenix Bonus (Re-Deposit Bonus, available for withdrawal at anytime)
- Demo and Live Trading Contest (Trade risk free and earn real money)
- Price Prediction Contest
LMFX provides simple but detailed Terms and Conditions for promotions.
If you have any questions, please go to livechat(Queelo system) to talk with one of the customer support of LMFX.
They are well-trained and would come back to you with a real answer but not procrastinate like other brokers.
You can see the list and conditions of LMFX’s all bonus promotions here.
You can find the list and conditions of LMFX’s all trading contest in the page here.
3. Over 100 financial markets in one account
By opening just one account with LMFX, you will have access to over 100 financial markets at once.
With LMFX, you can invest in the following financial markets.
- Forex Currency Pairs
- Agricultural Commodities
- Precious Metals
- Energies
- Stock Index CFDs
- Shares
All of the above financial markets are available for trading in one account, making it easy to diversify your portfolio.
On LMFX MT4, you can monitor all market’s price activities in real time.
LMFX is an online Forex and CFD broker, and you can place both buy and sell orders to invest, which means that you can also make profit from falling market prices.
With LMFX, your investment opportunity is unlimited.
All you need to do is to analyze the market well and find the profitable opportunity to trade.
4. LMFX offers 1:1000 high leverage
LMFX offers one of the highest Forex leverage 1:1000 on MT4.
The average Forex leverage in the industry is around 1:200 to 1:500, thus LMFX’s leverage is double the average.
With LMFX’s 1:1000 leverage, you can literally increase your trading volume by 1000 times.
LMFX’s 1:1000 leverage is available only for Premium account which requires only 50 USD of minimum deposit amount.
With the high leverage, trading with small deposit amount is possible.
LMFX’s Premium account also charges no commission, while offering low spread from 1.0 pips.
1:1000 high leverage involves higher risks, but the loss is limited due to LMFX’s NBP (Negative Balance Protection).
LMFX supports NBP for all accounts, and with the system, LMFX protects its traders from exceeded losses.
With LMFX, you can increase your trading volume with 1:1000 leverage while making sure that you don’t lose more than you deposit.
For more information about how NBP works, visit the page below.
5. 3 Account Types for 3 types of traders
For LMFX MT4, you can choose from 3 trading account types.
Each account type has different conditions and merits for investors.
See the table below for the comparison of LMFX’s account types.
| Account Types | Premium | Fixed | Zero |
|---|---|---|---|
| Minimum Spread | 1.0 pip | 1.8 pips | 0.0 pips |
| Trading Commission | None | None | $4 per lot |
| Maximum Leverage | 1:1000 | 1:400 | 1:250 |
| Minimum Deposit | $50 | $250 | $100 |
| Minimum Re-deposit | $25 | $50 | $50 |
| Minimum Order Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum Order Size | 60 lots | 75 lots | 100 lots |
| Maximum Number of Simultaneous Orders | 100 lots | 150 lots | 200 positions |
| Account Base Currencies | USD and EUR | USD and EUR | USD and EUR |
| Margin Call % | 50% | 30% | 30% |
| Stop Out % | 20% | 15% | 15% |
Which account type is suited for you?
- LMFX Premium Account
- LMFX’s Premium Account offers 1:1000 leverage and low spread with no extra trading commissions. LMFX’s Premium Account is suited for any types of traders.
- LMFX Fixed Account
- LMFX’s Fixed Account is offers low fixed spread from 1.8 pips. LMFX’s Fixed Account is suited especially for novice traders and EA traders.
- LMFX Zero Account
- LMFX’s Zero Account offers raw spread from 0.0 pips. LMFX’s Zero Account is especially suited for scalping traders.
With LMFX, you can also multiple trading accounts and see which account is suited for your trading strategy by tying them out.
6. No Restrictions on LMFX MT4
LMFX is a NDD (Non Dealing Desl) broker and all orders on MT4 are directly sent to the real market without any interruptions.
Being a NDD broker, LMFX does not hedge clients’ orders, manipulate market prices or interfere to clients orders.
Due to the above reasons, there is no conflict of interest between LMFX and its traders.
LMFX supports its traders to make profit, and there is no restrictions on LMFX MT4 in terms of trading strategies.
On LMFX MT4, you can perform any kinds of trading strategies and there is also no limitation to the maximum profit amount.
With LMFX, your investment opportunity is literally unlimited.
Do you prefer scalping, hedging, EAs (Expert Advisers) or swing trading?
Plan your strategy well and perform any profitable orders on LMFX MT4.
7. Free VPS for EA traders
For traders with EAs (Expert Advisers), LMFX as also prepared free VPS (Virtual Private Servers) to run any types of EAs instantly with no delays.
LMFX’s VPS has MT4 trading platform built-in.
You can run any types of EAs with no limit through LMFX’s VPS.
LMFX’s VPS is available for free with deposit over $5,000, or you can also get it with only $20 of monthly fee.
LMFX’s VPS will be always on, no matter if you lose power electricity or having network disruptions.
Are you interested in running your EAs on LMFX MT4 with no restrictions?
Get the VPS to reduce the latency and for more convenient trading.
8. Segregated Bank Account for investors
To keep investors’ funds, LMFX protects the fund transfer processes and the funds themselves in several ways.
All fund deposits and withdrawals are done in LMFX’s secure client portal, all the information about your account and fund transfers remain secretive at all times.
To maintain investors’ funds safe, LMFX uses the segregated bank accounts dedicated only for investors.
All investors’ funds are credited in the segregated bank accounts which is secured separately from LMFX’s company funds.
LMFX’s segregated bank account ensures all fund withdrawal processes are completed in a timely manner.
LMFX’s segregated bank account also protects investors’ funds, as in case LMFX is unable to continue its service, the separately kept investors’ funds are sent back to investors from the segregated bank accounts.
LMFX never uses investors’ funds to run the brokerage business.
9. 24/5 Multilingual Customer Support
The service of LMFX is professional.
Well trained customer support, efficiently organized website and management system, and detailed legal documents and agreements show that LMFX is not just a mid-level broker.
We have never seen a broker’s website with this much organized internal system and we are truly amazed.
LMFX is not yet regulated(in April 2016), but recommended broker for anyone.
10. No complaints from traders
As LMFX is still a relatively new broker, there is not much reviews by its users.
Yet still, we and our clients have been receiving good feelings from its customer support, and there is no bad reviews against LMFX so far.
The customer support of LMFX is at high level and you wouldn’t get bothered by poor support like some other brokers.
As your partner broker, LMFX is recommended.
Utilize LMFX’s Online Investment Tools
LMFX supports its traders success.
There are many reasons to trade with LMFX and their advanced trading tools are important aspects of their service.
All tools of LMFX including platforms, calculators, leverage and VPS are provided for free.
What kind of advanced tools you can use with LMFX?
- 1:1000 high leverage
- With LMFX, you can utilize up to 1:1000 to trade on MT4. One of the highest leverage level in the industry, makes your trading possible with small margin.
- 100% Credit Bonus and 15% Recovery bonus
- To support traders, LMFX credits live trading accounts with bonuses. Both bonuses are available for withdrawal as your profit after meeting certain trading volume.
- Stay up-to-date with LMFX’s Economic Calendar
- Visit LMFX Official Website and you can stay updated of the upcoming important economic news and events. You can also see the mainly affected markets and expected volatility.
- Chief Market Analyst’s Daily Market Analysis
- Signup with LMFX for free and stay updated of the market trends. LMFX’s chief market analyst will provide you with daily market analysis.
- Useful Trading Calculators
- Calculating pip value, profit, loss, margin requirement and swaps can be tricky for any traders. Use LMFX’s online calculator to see the result without placing traders in MT4.
- Easy online account management portal
- Login to LMFX’s client portal from the Official Website and you can manage your accounts, personal information and funds conveniently and securely. LMFX’s management portal makes it easy to invest online.
- Industry-leading MT4 mobile and desktop platforms
- LMFX has chosen MT4 (MetaTrader4) the most popular trading platform in the world as the base platform. Download LMFX MT4 for PC, Android, iPhone or iPad for free to trade anytime and anywhere.
- One click trading that is ideal for scalpers
- LMFX MT4 has no restrictions in terms of trading strategies, and you can also perform scalping strategy with no limit by using one click trading tool on the platform.
- Protect your automated strategies with VPS hosting
- LMFX provides you with free VPS (Virtual Private Server) for EA (Expert Advisers) traders to execute automated orders without delays. The secure and stable connection for your MT4.
- Join exciting trading competitions
- LMFX runs trading contest and price prediction contest every month. You have chance to win real cash prizes in your live trading account with LMFX.
LMFX provides its traders with all of the tools for free.
Open an account with LMFX today to start your investment online conveniently.
Open LMFX’s FX trading account today
Other than that, nothing much to be aware of specifically.
LMFX has written everything in its Terms and Conditions and Contract Agreements, so please make sure that you have read and understand them before you start trading.
You can find more information about LMFX’s trading conditions in the article here.
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