LMFX Review 2021

Analysis of the Main Features of the Forex Broker

5.9

Overall rating

5.69

/10

Execution of orders

6.11

/10

Investment instruments

5.75

/10

Withdrawal speed

6.05

/10

Customer Support work

5.53

/10

Variety of instruments

6.27

/10

Trading platform

56

Position
in rating

56

Position in rating

5.9/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of LMFX Trading Company

LMFX provides traders with numerous trading tools, bonuses, contests, and tutorials to help every customer. LMFX is just the right partner on the financial market, as LMFX is an innovative online foreign exchange brokerage offering leading-edge institutional and retail trading conditions to customers all over the world. The company thought through every smallest detail to ensure a smooth pleasing trading experience.

Attention!

We work exclusively with the accounts opened through Traders Union.

LMFX Latest Comments 2021

0
5
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LMFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

LMFX has problems with withdrawing funds! I got 2,000 dollars into the account, traded, made a profit, but at the moment I can’t withdraw the money, they’re just getting my head over, then give me a passport, then the quality is not the same, then they come up with something else. Why not just say that there is no money, we will not give you a withdrawal. Muryzhat and nothing more!

It looks like LMFX has run out of money. I cannot withdraw profits and withdraw.

On the Standard, spreads are in the region of 5-6 pips, which is death for a deposit. LMFX is a rip-off, to put it mildly, and you should not indulge yourself with the thought that you can raise money here. No, rather leave your last pennies

I have been familiar with LMFX for about a year. At first everything was fine, but somehow they blocked gold trading for 3 days, in the end I lost about 30% of the depot! A little later, something happened to them again, and from that moment a mess began! And I also, foolishly, advised this broker to my friends, and now they cannot withdraw their funds! The company is a disaster! Beware and avoid!

I didn't want to say that LMFX are scammers, but it looks like I'll have to .... My situation is very strange. Yes, there is a very polite support team here, but now I understand why. Newbies are so enticed and help to figure everything out. For 2 weeks now I have not been able to withdraw my depot, i.e. return your not yet drained funds, and close your account (I don't want to continue my career as a trader anymore). For every action I take, they have a new request. They ask to send some documents, then others. For some reason, my verification is not enough for the operator. Leave the account and spit, so they will withdraw money for inactivity, but I can't close the account. All this is strange, they give to open an account, but not to close it ...

Analysis of the Main Features of the Forex Broker

5.9

Overall rating

5.69

/10

Execution of orders

6.11

/10

Investment instruments

5.75

/10

Withdrawal speed

6.05

/10

Customer Support work

5.53

/10

Variety of instruments

6.27

/10

Trading platform

Dynamics of the Popularity of LMFX
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for LMFX Users

Trading platform: MT4, Webtrader, Mobile platforms
Accounts: Premium Account, Fixed Account, Zero Account
Account currency: USD, EUR
Replenishment / Withdrawal: Wire Transfer, Credit Card, Skrill, Neteller.
Minimum deposit: 50 USD
Leverage: 1:1000
PAMM-accounts: No
Min Order: 0.01 lots
Spread: from 0,0 p
Instruments: Forex, Metals, Indices, Stocks, Commodities
Margin call/Stop Out: Premium Account - 50/20%, Fixed Account- 30/15%, Zero Account – 30/15%.
Liquidity provider: No
Mobile trading: Mobile Platforms
Affiliate program: Yes
Orders execution: Market execution
Trading features: No
Contests and bonuses: 100% Credit Bonus, 15% Recovery bonus

Comparison of LMFX with other Brokers

LMFX FxPro XM Group Admiral Markets UK AvaTrade FXTM
Trading
platform
MT4, MobileTrading, WebTrader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, MobileTrading, WebTrader
Min deposit $50 $100 $5 $200 $100 $1
Leverage From 1:1
to 1:1000
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
50%  /  20% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10% 40%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Market Execution, Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes Yes

Broker comparison table of trading instruments

LMFX FxPro XM Group Admiral Markets UK AvaTrade FXTM
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes No
Crypto No Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No No No Yes No No
Options No No No No No No

Contacts

Contacts

Tags:

LMFX

The Oldest Reviews of the LMFX

The reviews by customers of the LMFX indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LMFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I didn't want to say that LMFX are scammers, but it looks like I'll have to .... My situation is very strange. Yes, there is a very polite support team here, but now I understand why. Newbies are so enticed and help to figure everything out. For 2 weeks now I have not been able to withdraw my depot, i.e. return your not yet drained funds, and close your account (I don't want to continue my career as a trader anymore). For every action I take, they have a new request. They ask to send some documents, then others. For some reason, my verification is not enough for the operator. Leave the account and spit, so they will withdraw money for inactivity, but I can't close the account. All this is strange, they give to open an account, but not to close it ...

I have been familiar with LMFX for about a year. At first everything was fine, but somehow they blocked gold trading for 3 days, in the end I lost about 30% of the depot! A little later, something happened to them again, and from that moment a mess began! And I also, foolishly, advised this broker to my friends, and now they cannot withdraw their funds! The company is a disaster! Beware and avoid!

On the Standard, spreads are in the region of 5-6 pips, which is death for a deposit. LMFX is a rip-off, to put it mildly, and you should not indulge yourself with the thought that you can raise money here. No, rather leave your last pennies

It looks like LMFX has run out of money. I cannot withdraw profits and withdraw.

LMFX has problems with withdrawing funds! I got 2,000 dollars into the account, traded, made a profit, but at the moment I can’t withdraw the money, they’re just getting my head over, then give me a passport, then the quality is not the same, then they come up with something else. Why not just say that there is no money, we will not give you a withdrawal. Muryzhat and nothing more!

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FAQs

Do reviews by traders influence the LMFX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LMFX you need to go to the broker's profile.

How to leave a review about LMFX on the Traders Union website?

To leave a review about LMFX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about LMFX on a non-Traders Union client?

Anyone can leave feedback about LMFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with LMFX through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.