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LMFX Review
LMFX runs its MT4 trading through a Macedonia registered company with no real financial regulator, while separate Comoros and Saint Vincent entities handle other services.
Min Deposit
$5
Spreads From
About 0.2 pips on EUR/USD, with raw pricing plus a $4 per lot commission on Zero accounts
Max Leverage
Up to 1:1000
Platforms
MetaTrader 4
Pros
- Long operating history in the forex market, active online since 2015
- Offers five account types including a Zero spread account with raw pricing
- Runs on the familiar MetaTrader 4 platform across desktop, web, and mobile
- Provides free VPS hosting once an account holds $5000 or more
Cons
- Trading services run through a Macedonia company with no real financial regulator
- No FCA, ASIC, or CySEC license backs any part of the LMFX group
- A documented complaint describes a US trader denied most of $68000 in profits
- Leverage up to 1:1000 is extremely high and adds real risk of fast losses
LMFX has operated since 2015. Its own legal notice says core forex and CFD trading runs through Global Trade Partners Ltd, registered in Skopje, North Macedonia under number 7020600. A separate Comoros company handles crypto services, and a Saint Vincent company handles payments.
None of these entities hold a license from a top tier regulator such as the FCA, ASIC, or CySEC. LMFX offers Premium, Fixed, Zero, Micro, and Islamic accounts, with leverage up to 1:1000 and spreads from about 0.2 pips on EUR/USD. It also runs a 100 percent deposit credit bonus and a 15 percent loss recovery bonus.
LMFX says it does not target the United States, United Kingdom, or Japan. Recent withdrawal reviews are mixed, most report normal payouts, but a documented complaint describes a US trader denied most of about $68000 in profits because LMFX does not accept US clients. This fragmented, unregulated structure leaves little formal recourse in a dispute.
Min. Deposit
USD 5
Max Leverage
Up to 1:1000
Spreads From
About 0.2 pips on EUR/USD, with raw pricing plus a $4 per lot commission on Zero accounts
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
