Who is LMFX
LMFX is an innovative STP broker who can offer exclusive services to their clients. The service package is beyond ordinary STP broker. It is a great advantage for traders who favors STP (Straight through Processing) to encounter this broker in that NO OTHER STP broker are not able to provide together with bonuses.
LMFX is established in 2015 and since then the company becomes a pivot as a STP broker. STP brokers generally speaking manages their service without any promotional bonus. However, LMFX’s presence has shifted the course of STP broker, and shows a unique example of how a STP broker can evolve further.
Advantages of LMFX’s Service
BestFX must state that it is distinct to point out what the most interestingly designed advantages in LMFX’s services are: High leverage, contest and awards.
These advantages are ones that you can never find in another STP brokers.
High leverage up to 1:1000
There are countless forex brokers which offers high leverage, but it is countable to name which brokers can offer more than 1:1000 leverage in the end. LMFX is one of a few brokers which can include the extremely high leverage offer. Are you risk taker? If not, you can still try to deposit minimum from 50 USD.
Exclusive contest and awards
LMFX holds the Crystal Ball Contest every week. It is a contest that everybody can join. Participants are to predict the most accurate exchange rate of currency pair of the week. The contest adds a unique enjoyable element in trading with LMFX.
The award, ‘’LMFX ultimate traders’’ is also a contest and offers awards up to 1000 USD if you become one of best traders. This is a great chance for you to shine as an award winning trader. Your trading experience should be acknowledged and rewarded by LMFX.
LMFX’s Company Information
LMFX is founded in 2015 and their main office is located in Macedonia, one of Balkan countries. For safety aspect, BestFX would like to pay attention that the company employs the policy that the clients’ fund is separated from the company’s fund, that is segregation of fund. It is obligatory to check that the safety of the fund is stated. The company’s website mentions the details.
LMFX’s Trading and Service Conditions
LMFX provides their clients Forex, Indices, Commodities, Metals & Oils, and Shares. The number of products in each categories are quite many. If you check the official site, you may notice that it is easy for traders to check the spread, swap rate, 1 tick value and so on. Most necessary information is described in one page instead of making clients to open MT4 platform and click each product’s detail.
Also you can find rare commodities such coffee, and sugar in the lineup, and a great deal of shares. Remind that LMFX entered the Forex market in 2015, however it can provide already the same level as decade of brokerages. This is something to note about.
Monday 00:05:00 GMT+2 until Friday 23:59:00 GMT+2.
LMFX’s trading Account Type
LMFX provides 3 types of accounts: Premium, Fixed, Zero.
In Premium account, the leverage is the highlight of the advantage. You can use the leverage up to 1:1000, no commission required for trading. The minimum deposit to open the account is as low as 50 USD and 25 USD for reloading.
In Fixed account, the spread is fixed and not varying. The minimum amount in deposit starts from 250 USD and the leverage is offered up to 1:400. The most popular Zero account is the one which traders can benefit from the tightest spread, and can start trading from minimum 100 USD deposit.
3 types of characteristic trading accounts
| Premium | Fixed | Zero | |
|---|---|---|---|
| Min. Deposit | 50$ | 250$ | 100$ |
| Max Leverage | 1:1000 | 1:400 | 1:250 |
| Min. Spread from | 1pip | Fixed | 0pip |
| Max number of open trade | 150 | 150 | 200 |
| Margin call/stop out | 50%/20% | 30%/15% | 30%/15% |
| Note | Flexible bonus offering | Ideal for EA users | Ideal for scalping and high volume trading |
Fund Deposit and Withdrawal with LMFX
LMFX is an ever-evolving brokerage. The company keeps adding new methods and up until now, they offer 6 types of payment methods: Wire transfer, Credit/debit cards, Skrill, Neteller, Fasapay, vload. The accepted currency is in USD and EURO. This is an advantage that you can use it to transfer from your banks in Europe or if you got an EURO account. Nowadays, it is common to have multi currency account. You do not have to limit to use only USD account for international transfer as EURO is accepted.
LMFX’s Client centered payment method
| Option | Min. Deposit |
|---|---|
| Bank wire | 250$€ |
| Credit Card | 250$€ |
| Skrill | 250$€ |
| Neteller | 250$€ |
| Fasapay | 250$€ |
| vload | 250$€ |
Bonus Promotions of LMFX
Bonus Promotional offers can motivate anyone and it can become driving force for entry in trading. In LMFX there are 5 different promotions that BESTFX must admit that it is well-designed for both newbies and the experienced.
Contests and Award Promotions:
| Learn and Earn contest | LMFX Ultimate trader contest | LMFX Crystal Ball Contest | |
|---|---|---|---|
| Account type | Demo account | Real account | Real account |
| Period | Monthly | Monthly | Weekly |
| What to earn | 1st: $1000 2nd: $500 3rd: $250 |
Be the top traders, earn $1000 | Guess the closing price as accurate as possible, earn $1000 |
Bonus Promotions:
| Deposit Match | Phoenex Recovery | |
|---|---|---|
| Account Type | Real Account | Real Account |
| What to earn | 100% match to the deposit | 15% of the deposit |
| Requirement | *Deposit more than $100 *Bonus sum / 2 = Number of lots |
Deposit first and get the bonus for recovery |
LMFX’s Trading Tools
How easy and relaxed beginners can get to start trading? LMFX are well prepared for educating traders by supplying Video Tutorial, Trading tools, and Economic Calendar that all beginners need to get. Especially trading tools are equipped with meticulous calculators which even the experienced traders would benefit well.
In LMFX, there are MT4 platform, WebTrader, iPhone Trader, iPad Trader, and Android. Trading platforms are both compatible with Windows and Apple. This is a great advantage especially for Apple users as nowadays, many of forex brokerage could not accommodate their trading platform for Apple system.
For more details check the latest information in the official site.
