LMFX Review 2026

Item: LMFX
Rating: 3.32
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: April 10, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $5
Fees 9 /10
Account types 6.5 /10
Regulation 2.5 /10

3.3 /10

High risk

LMFX User Reviews 3.7
Commissions and Fees 9.0
Regulation and Safety 2.5
Account Types 6.5
Deposit and Withdrawal 6.8
Markets and Tradable Assets 5.8
Trading Account Opening 10.0
Customer Support 6.9

LMFX Pros & Cons

a wide range of trading instruments;
favorable bonus programs for traders;
the minimum deposit is $50.

The broker's website is only available in English;
support service specialists communicate only in English;
no regulation;
no possibility to trade CFDs on cryptocurrencies;
no educational materials or analytics in Russian;
incorrect operation of the mobile platform.

TU Expert Verdict

LMFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

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LMFX User Reviews

Score:

3.7 /10

54 total

5-star

0%
4-star

2%
3-star

26%
2-star

30%
1-star

43%

I opened an account with LMFX because I was looking for a broker with easy access and first deposit bonuses (up to 15%). I was attracted by the support for the mobile app, as well as the ability to deposit and withdraw funds via Skrill, Neteller, and cards. Starting with $50 turned out to be just right.

LMFX appeals to me because of its bonus policy: they offer up to 15% on the first deposit. There are also programs for active traders. I have no complaints about the conditions — the minimum lot is 0.01, and you can choose fixed or floating spreads. There’s no regulation, but I use it for small volumes.

I’ve felt genuinely secure trading with this broker. They hold funds in segregated accounts and the verification process is thorough, and the overall safety framework inspires confidence. Withdrawals are smooth usually processed within a day after submitting request. Almost all of their processes are transparent. Customer services is prompt in communication. Their reliable payouts make them a broker I can trust for long term.

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Commissions and Fees

Score:

9 /10

The trading and non-trading commissions of LMFX have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No inactivity fee
No deposit fee
No withdrawal fee

Complex fee structure

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of LMFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, LMFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

LMFX Standard spreads
	LMFX	OANDA	FOREX.com
EUR/USD min, pips	0.7	0.1	0.7
EUR/USD max, pips	1.5	0.5	1.2
GPB/USD min, pips	0.5	0.1	0.9
GPB/USD max, pips	1.5	0.5	1.4

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

LMFX RAW/ECN spreads
	LMFX	OANDA	FOREX.com
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2	3.5	5
EUR/USD avg spread	0.1	0.15	0.2
GBP/USD avg spread	0.1	0.2	0.4

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with LMFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

LMFX Non-Trading Fees
	OANDA	FOREX.com
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0-15	0
Inactivity fee ($, per month)	0	15

Is LMFX Safe?

Score:

2.5 /10

LMFX has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Negative balance protection
Track record over 15 years

Not tier-1 regulated
Not regulated

LMFX Security Factors
Foundation date	2011
Negative balance protection	Yes
Verification (KYC)	Yes

LMFX is Not a Regulated Broker

Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.

Account Types

Score:

6.5 /10

LMFX offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Low minimum deposit
Tight spread ECN account
Swap Free (Islamic) account

No Cent account
No VIP account option

LMFX account types vs top competitors
	LMFX	Trading.com	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	Yes	No	No
Swap Free	Yes	No	Yes
VIP	No	No	No
Managed	No	No	No

LMFX accounts trading conditions

LMFX offers several account types. They are suitable for both novice and experienced traders. Also, accounts differ in the levels of Margin Call and Stop Out, as well as in the size of the spread, minimum deposit, and maximum leverage.

Account types:

Account Type	Description
Premium	account with a deposit starting at $50. Spread type is floating; the minimum spread is 1 pips. The leverage is 1:1000. The maximum number of simultaneously opened trades is 100. The stop out/margin call level is 20/50. This is the most suitable option for beginners;
Fixed	account with a deposit starting from $250. Spread type is fixed; the minimum spread is 1 pips. The leverage is 1:400. The maximum number of simultaneously opened trades is 150. The stop out/margin call level is 15/30;
Zero	account with a deposit starting from $100. Spread type is floating; the minimum spread is 1 pips. The leverage is 1:250. The maximum number of simultaneously opened trades is 200. The stop out/margin call level is 15/30. This type of account is intended for professionals.

Users can also open a demo (training) account to familiarize themselves with the broker's main features and its trading platform.

LMFX is a broker that focuses on cooperation with both novice and experienced traders, as well as providing favorable conditions for implementing all types of trading strategies.

Deposit and Withdrawal

Score:

6.8 /10

LMFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

LMFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Bitcoin (BTC) accepted
Minimum deposit below industry average
Bank wire transfers available
No deposit fee

Limited deposit and withdrawal flexibility, leading to higher costs
PayPal not supported
Only major base currencies available

What are LMFX deposit and withdrawal options?

LMFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.

LMFX Deposit and Withdrawal Methods vs Competitors
	LMFX	Trading.com	Plus500
Bank Wire	Yes	Yes	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	No	No

What are LMFX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. LMFX supports the following base account currencies: USD, EUR.

What are LMFX's minimum deposit and withdrawal amounts?

The minimum deposit on LMFX is $5, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact LMFX’s support team.

Markets and Tradable Assets

Score:

5.8 /10

LMFX offers a limited selection of trading assets compared to the market average. The platform supports 250 assets in total, including 50 Forex pairs.

50 supported currency pairs
Indices trading
Crypto trading

Copy trading not available
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by LMFX with its competitors, making it easier for you to find the perfect fit.

	LMFX	Trading.com	Plus500
Currency pairs	50	69	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	250	69	2800
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products LMFX offers for beginner traders and investors who prefer not to engage in active trading.

	LMFX	Trading.com	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	No	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with LMFX in 10 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at LMFX is $5.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Low minimum deposit requirement
Fully online account opening process
Fast registration time (up to 15 minutes)

Account setup process may feel less convenient for beginners

LMFX account opening
	LMFX	Trading.com	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$5	$50	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	10	20	5
KYC time (days)	1	2	3

Is LMFX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

It's simple to start saving on spreads with Traders Union and earning with LMFX. Just complete the following steps:

Sign up for Traders Union and then follow the referral link to the broker's website. Then click on the "Open live account" button.
Register on the broker's website. To do so, enter your first and last name (in Latin), current phone number, email address, date of birth, and the currency of the account.
You will have access to the following functions through your user account on the broker's website:
- Deposit and withdrawal of funds..
- Viewing the details of bonus funds..

The user account on the LMFX website also contains other useful functions, including:

financial market analytics;
an economic calendar with a schedule for the release of important news and a ranking of their significance;
the trader's support service, with the ability to ask a question or submit a claim;
access to the trading platform.

Customer Support

Score:

6.9 /10

Customer support at LMFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. LMFX provides basic support functionality but does not stand out in overall service performance.

Information

The support service provides technical and operational assistance 24/5.

Availability of online chat and call center
A convenient form for sending electronic messages
The website has a FAQs section

Support is not reachable on weekends
All support is provided in English only
Time zone differences with support experts
Email responses typically take 3-4 days
Traders are not assisted by specialized professionals.

Support services can be reached in the following ways:

by dialing the phone numbers provided on the website;
by email;
by filling out the feedback form;
in an online chat on the broker's website.

Support is available on the LMFX website as well as through the "Contact us" section of the client's user account.

Contacts
Foundation date	2011
Official site	lmfx.com
Contacts	support@lmfx.com +44 2035192105

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LMFX Video Guides

FAQs

What commissions and fees does LMFX charge for forex trading?

According to the review, LMFX is rated as having low overall fees, with a fees score of 9/10 and no deposit, withdrawal, or inactivity fees. On Standard accounts, trading costs are included in floating spreads (for example, EUR/USD typically ranges from 0.7 to 1.5 pips), while RAW/ECN accounts use tight market-based spreads (around 0.1 pips on EUR/USD and GBP/USD) plus a $2 per lot commission.

What types of trading accounts are available at LMFX?

LMFX offers Demo, Standard, ECN/Raw spread, Micro, and Swap Free (Islamic) accounts, but it does not provide Cent, VIP, or managed accounts. The main live account types include Premium (from $50, floating spreads, up to 1:1000 leverage), Fixed (from $250, fixed spreads, up to 1:400 leverage), and Zero (from $100, floating spreads, up to 1:250 leverage), each with different margin call and stop-out levels.

What do user reviews and feedback say about LMFX?

Based on available user reviews, LMFX has a user satisfaction score of 3.7/10 from 54 reviews, with 43% of ratings at 1 star and 30% at 2 stars, indicating mostly negative sentiment. Only 2% of reviews are 4-star and none are 5-star, while 26% are neutral 3-star ratings.

Which markets and tradable assets can you access with LMFX?

LMFX provides access to 250 tradable assets, including 50 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but it does not offer options. The broker also does not provide bonds, ETFs, copy trading, PAMM investing, or managed accounts, which limits its range of investment-style products.

How does the LMFX account opening process work and what do user comments highlight?

The review states that opening an account with LMFX involves online registration taking about 10 minutes, mandatory KYC verification completed within 1 business day, and a minimum deposit of $5. The process is described as accessible and relatively fast, although it is noted that the account setup may feel less convenient for beginners.