LMFX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of LMFX trading signals. You will learn what kinds of trading signals LMFX offers and what the conditions for using them are.
Short introduction of LMFX
LMFX is a brokerage based in Saint Vincent and the Grenadines that offers a variety of financial services, including the ability to trade on Forex. This broker's activity is not regulated. Since its incorporation in 2015, the company has provided services globally. It is currently a modern and professional broker that strives to meet international service standards.
| 💰 Account currency: | EUR, USD |
| 🚀 Minimum deposit: | $50 ㅤ |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 1 pips |
| 🔧 Instruments: | Currencies, stocks, energies, metals, and indexes |
| 💹 Margin Call / Stop Out: | 30-50% / 15-20% |
LMFX Pros and Cons
👍 Advantages of trading with LMFX:
•a wide range of trading instruments;
•favorable bonus programs for traders;
•the minimum deposit is $50.
👎 Disadvantages of LMFX:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
LMFX Trading Signals
Trading Union specialists checked LMFX trading conditions for the presence of explicit or hidden fees. LMFX does not charge a fee for the withdrawal of the trader's funds, but banks or payment systems may charge their own commission.
| Account type | Spread (minimum value) | Withdrawal commission |
| Premium | From $10 | No |
| Fixed | From $10 | No |
| Zero | From $0 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that LMFX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.