Client Rating
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[Total: 2 Average: 4.5]
| Website | www.lmfx.com |
| Live Chat | YES |
| Telephone | +44 2035192105 |
| Broker Type | ECN, RAW spreads |
| Regulations | N/a |
| Min Deposit | $100.00 |
| Account Base Currency | USD, EUR, |
| Max Leverage | 1000:1 |
| Trading Platforms | Metatrader 4, Webtrader |
| Markets | Forex, Index CFD Trading, Precious Metals, Energy, |
| Bonus | Up to 100% bonus |
| Funding Options | Credit / Debit Card, Bank Transfer, Skrill, Neteller, Fasapay, Bitcoin, instacoins |
LMFX Ratings
Regulation Strength 50%
Customer Service 95%
Popularity 95%
Overall Trust 96%
- ctrader
- MetaTrader
- Cryptocurrencies
- US Accounts
Other LMFX Reviews
LMFX Review for 2025: Is It the Right Forex Broker for You?
In the fast-paced world of forex trading, choosing a reliable broker is critical to success. LMFX has carved out a niche as a versatile broker, particularly appealing to US traders seeking high leverage and flexible account options. With a trust score of 65/100 in 2025, up from 60 in prior years, LMFX continues to build credibility through competitive spreads, diverse instruments, and robust platforms. This comprehensive LMFX review for 2025 dives into its features, costs, and performance, helping you decide if it’s the best fit for your trading goals—whether you’re a beginner or a seasoned scalper.
Disclaimer: We may earn a commission from links in this review at no extra cost to you. Forex trading carries high risks, and you should only trade with funds you can afford to lose.
LMFX at a Glance
Feature | Details |
|---|---|
Year Founded | 2015 |
Head Office | Skopje, North Macedonia |
Regulation | Unregulated (operates under Global Trade Partners Ltd) |
Minimum Deposit | $50 (Premium), $100 (Zero), $250 (Fixed) |
Maximum Leverage | 1:1000 (Premium), 1:400 (Fixed), 1:250 (Zero) |
Tradable Assets | 165+ instruments: Forex, CFDs, Commodities, Metals, Stocks, Indices, Oil |
Platforms | MetaTrader 4 (MT4), WebTrader, Mobile Trader |
Deposit/Withdrawal Options | Wire Transfer, Credit/Debit Cards, Neteller, Skrill, FastPay |
Account Types | Premium, Fixed, Zero Spread |
Demo Account | Yes |
Islamic Account | No |
Customer Support | 24/5 via live chat, email, phone |
Languages | English, Spanish (new in 2025) |
Bonuses | Phoenix Recovery (15%), Deposit Match (100%) |
Why Choose LMFX in 2025?
LMFX stands out for its high leverage (up to 1:1000), low minimum deposits (starting at $50), and tight spreads (from 0.0 pips on Zero accounts). While unregulated, it prioritizes client fund security through segregated accounts and a strict Anti-Money Laundering (AML) policy. New for 2025, LMFX has introduced Spanish-language support and expanded its asset offerings to include crypto CFDs, tapping into growing market trends. Its flexibility makes it ideal for US traders who face stricter regulations with brokers like OANDA or FOREX.com.
Key Benefits:
- US-Friendly: Accepts US clients, unlike many regulated brokers.
- High Leverage: Up to 1:1000, amplifying potential returns (with higher risk).
- Low-Cost Trading: Zero Spread accounts offer interbank-level pricing.
- Fast Execution: No requotes, ideal for scalping and high-frequency trading.
Drawbacks:
- Lack of regulation may concern risk-averse traders.
- No Islamic accounts, limiting appeal for some markets.
- Limited educational resources compared to competitors like IG or eToro.
LMFX Account Types: Tailored for Every Trader
LMFX offers three account types to match different strategies, from beginners to high-volume traders. Here’s a breakdown:
1. Premium Account
- Best For: Beginners and retail traders.
- Minimum Deposit: $50.
- Leverage: Up to 1:1000.
- Spreads: Variable, starting at 1.2 pips (EUR/USD).
- Commission: None.
- Lot Size: 0.01 to 60 lots.
- Features: Personal Account Manager, access to all 165+ instruments, and bonus eligibility (e.g., Deposit Match).
- Why Choose?: Low entry barrier and high leverage make it ideal for new traders testing strategies.
2. Fixed Account
- Best For: Traders who prefer predictable costs.
- Minimum Deposit: $250.
- Leverage: Up to 1:400.
- Spreads: Fixed, starting at 2.0 pips (EUR/USD).
- Commission: None.
- Lot Size: 0.01 to 60 lots.
- Features: Personal Account Manager, fixed spreads for stable planning, and flexible bonuses.
- Why Choose?: Fixed spreads simplify budgeting, especially during volatile markets like Non-Farm Payrolls.
3. Zero Spread Account
- Best For: Scalpers and high-volume traders.
- Minimum Deposit: $100.
- Leverage: Up to 1:250.
- Spreads: From 0.0 pips (interbank rates).
- Commission: $4-$7 per lot (varies by instrument).
- Lot Size: 0.01 to 60 lots.
- Features: No mark-ups, scalping allowed, and access to crypto CFDs (new in 2025).
- Why Choose?: Ultra-low spreads and fast execution suit day traders and algo strategies.
New in 2025: LMFX now allows hedging across all accounts and has reduced Zero account commissions by 10% to compete with brokers like XM or IC Markets.
Comparison Table:
Account | Min. Deposit | Spreads | Leverage | Commission | Best For |
|---|---|---|---|---|---|
Premium | $50 | 1.2+ pips | 1:1000 | None | Beginners |
Fixed | $250 | 2.0+ pips | 1:400 | None | Stable costs |
Zero | $100 | 0.0 pips | 1:250 | $4-$7/lot | Scalpers |
Ready to trade? Open an LMFX account (#affiliate-link) and start with $50.
Deposits and Withdrawals: Fast and Flexible
LMFX ensures seamless fund management with multiple payment options:
- Methods: Wire Transfer, Visa/Mastercard, Neteller, Skrill, FastPay.
- Currencies: USD, EUR.
- Deposit Fees: Free (except wire transfers, $10-$30).
- Withdrawal Fees: $5-$25, depending on method.
- Processing Time: Deposits instant (except wire, 1-3 days); withdrawals 24-48 hours.
- Minimums: $50 (Premium), $100 (Zero), $250 (Fixed).
What’s New: In 2025, LMFX added same-day withdrawals for Skrill and Neteller (previously 48 hours) and lowered wire transfer fees by 15%. However, crypto deposits (e.g., Bitcoin) aren’t supported, unlike competitors like FBS.
Tip: Use Skrill for fastest transactions. Always verify AML requirements to avoid delays.
Costs and Fees: Competitive Edge
LMFX keeps trading costs low, especially for Zero Spread accounts:
- Spreads:
- Premium: 1.2-2.0 pips (EUR/USD).
- Fixed: 2.0-3.0 pips (fixed).
- Zero: 0.0-0.4 pips + commission.
- Commissions: Only on Zero accounts ($4-$7/lot).
- Swap Fees: Standard overnight rates (check MT4 for specifics).
- Inactivity Fee: $10/month after 6 months (new in 2025).
Example: Trading 1 lot EUR/USD on Zero costs $4 (commission) + 0.2 pips ($2), totaling $6, vs. $12-$15 on Premium with spreads alone.
Transparency: All fees are listed on LMFX’s site, with no hidden charges. Compared to OANDA (1.0-1.5 pips, no commission), LMFX’s Zero account is cheaper for active traders.
Leverage: High-Powered Trading
LMFX’s leverage is a standout:
- Premium: 1:1000 (e.g., $1,000 controls $1M).
- Fixed: 1:400.
- Zero: 1:250.
Why It Matters: High leverage boosts returns (e.g., 1% move on $1M = $10,000 profit) but magnifies losses. US traders, restricted to 1:50 with regulated brokers like FOREX.com, find LMFX’s ratios appealing.
Risk Warning: Use stop-losses and risk 1-2% per trade. Leverage above 1:100 requires tight risk management.
Bonuses: Boost Your Capital
LMFX offers two promotions in 2025:
- Phoenix Recovery Bonus
- Details: 15% bonus on first deposits (e.g., $1,000 deposit = $150 bonus).
- How It Works: Bonus activates after a loss, credited on your next deposit.
- Best For: Traders recovering from drawdowns.
- Catch: Non-withdrawable; trading volume required (10 lots/$100 bonus).
- Deposit Match Bonus
- Details: 100% match up to $500 (e.g., deposit $500, get $500 extra).
- How It Works: Increases leverage; withdrawable after 30 lots/$100 bonus.
- Best For: Scaling positions.
- Catch: Expires in 90 days if volume unmet.
New in 2025: LMFX lowered volume requirements by 20%, making bonuses easier to unlock. Compared to XM’s $1,500 bonus, LMFX’s terms are stricter but suit smaller accounts.
Claim your bonus: Start trading with LMFX (#affiliate-link).
Trading Platforms: Reliable and Versatile
LMFX supports three platforms, all optimized for 2025:
- MetaTrader 4 (MT4)
- Features: 50+ indicators, EAs for algo trading, 1-click execution.
- Best For: Technical traders and scalpers.
- New: Enhanced VPS support ($20/month) for 24/7 trading.
- WebTrader
- Features: Browser-based, no download, syncs with MT4.
- Best For: Casual traders or travel.
- Mobile Trader
- Features: iOS/Android app, real-time quotes, chart tools.
- Best For: Trading on the go.
Comparison: MT4 is robust but dated vs. cTrader (offered by IC Markets). Still, LMFX’s execution speed (under 50ms) rivals top brokers.
Tip: Download MT4 from LMFX’s site to ensure proper settings.
Tradable Assets: Diverse Opportunities
LMFX offers 165+ instruments in 2025:
- Forex: 50+ pairs (EUR/USD, GBP/JPY).
- CFDs: Stocks (Apple, Tesla), indices (S&P 500, FTSE 100).
- Commodities: Gold, Silver, Oil.
- Crypto CFDs: Bitcoin, Ethereum (new).
- Metals: Platinum, Palladium.
Why It Matters: Diversification reduces risk. Crypto CFDs tap into 2025’s bullish trends, but high volatility requires caution. Compared to eToro (2,000+ assets), LMFX’s range is smaller but sufficient for most traders.
Safety and Regulation: What to Know
LMFX operates under Global Trade Partners Ltd in North Macedonia and is unregulated. While this raises red flags for some, LMFX mitigates risks with:
- Segregated Funds: Client money separate from company funds.
- AML Policy: Strict ID verification to prevent fraud.
- Negative Balance Protection: Limits losses to your deposit (new in 2025).
Comparison: Regulated brokers like IG (FCA) offer more oversight, but LMFX’s high leverage and US access appeal to risk-tolerant traders.
Advice: Start with a demo account to test withdrawals before depositing large sums.
Customer Support: Responsive Assistance
LMFX’s support is available 24/5 via:
- Live Chat: Response time ~2 minutes.
- Email: Replies within 4-6 hours.
- Phone: US and UK numbers.
What’s New: Spanish support added in 2025, reflecting LMFX’s push into Latin America. Compared to OANDA’s 24/7 chat, LMFX lags slightly but excels in professionalism.
Tip: Use live chat for urgent queries (e.g., withdrawal status).
Trading Tools and Education: Room for Growth
LMFX offers practical tools but trails competitors in education:
- Tools:
- Economic Calendar: Tracks events like Fed rate decisions (next: April 30, 2025).
- Calculators: Pip Value, Margin, Fibonacci (new Pivot Point tool added).
- VPS: Low-latency trading ($20/month).
- Education:
- Basic videos: “What Is Forex?” and “MT4 Basics.”
- Blog posts: “Top 5 Scalping Strategies for 2025” (new).
Gap: Unlike eToro’s academy, LMFX’s resources are sparse.
Workaround: Pair LMFX with free sites like BabyPips for learning.
LMFX vs. Competitors: How It Stacks Up
Feature | LMFX | OANDA | eToro |
|---|---|---|---|
Min. Deposit | $50 | $0 | $50 |
Spreads | 0.0 pips | 1.0 pips | 1.0 pips |
Leverage | 1:1000 | 1:50 | 1:30 |
Regulation | None | CIRO, FCA | CySEC, FCA |
US Clients | Yes | Yes | No |
Crypto CFDs | Yes | No | Yes |
Verdict: LMFX excels for US traders seeking low costs and high leverage, but OANDA’s regulation suits cautious traders, and eToro’s social trading appeals to beginners.
Risk Management Tips for LMFX Traders
- Leverage: Cap at 1:100 unless experienced; 1:1000 risks quick wipeouts.
- Stop-Losses: Set on every trade (e.g., 20 pips on EUR/USD).
- Position Size: Risk 1-2% of capital per trade (e.g., $20 on $1,000).
- Diversify: Trade forex and CFDs to spread risk.
Conclusion: Is LMFX Right for You?
LMFX shines in 2025 as a US-friendly broker with low-cost trading, high leverage, and fast execution. Its Zero Spread account rivals top brokers for scalpers, while the $50 minimum deposit welcomes beginners. However, its unregulated status demands caution—start small and use a demo first. With new crypto CFDs, Spanish support, and lower fees, LMFX is adapting to trader needs but lacks the educational depth of eToro or IG. For US traders prioritizing flexibility and low spreads, LMFX is a strong contender.
Ready to trade?
LMFX FAQs
- Is LMFX regulated?
No, LMFX is unregulated but uses segregated accounts and AML policies for security. - Can US traders use LMFX?
Yes, LMFX accepts US clients, unlike many regulated brokers. - What’s the best LMFX account for beginners?
The Premium account ($50 deposit, 1:1000 leverage) is ideal for new traders. - How fast are LMFX withdrawals?
Skrill/Neteller withdrawals process same-day; wire transfers take 1-3 days. - Does LMFX offer bonuses?
Yes, a 15% Phoenix Recovery and 100% Deposit Match, with volume requirements.
