24 reviews of LMFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
based on a 1 year and 3 months trading, I was able to gradually build the account to where it is today, over all the broker does offer decent service with stable fast platform, and good execution time. the spreads are really good makes scalping easy on major pair. withdrawal and deposits are okay, mostly processed the next working day
I have been trading with LMFX for such a long time through a local IB, I started with a small bonus that I lost then. After year of loss, profit came and I withdraw regularly by Skrill/Neteller. Orders are executed and closed quickly on expected prices and I think these are signs of a reliable broker. I traded on premium (no com) but after that I switched to Zero account (with com) but tigher spread for better TP rate that I consider profitable. Lucky that I don't face any critical issue with this broker for almost 2 years but I advice you not trade during volatile time.
Its been three years approximately since i opened small account with them and I am trading on and off with this broker. So far the trading conditions are good and i had noticed that they have improved pretty much since my time when i started. I mostly trade cable and ninja, sometimes eurusd too but i trade this pair during news times because it becomes more juicy to scalp some good pips within low time frames. Else i make long trades and i have made more than 5x on the amount which i had deposited with them.
The spreads are average as other brokers offer and since i trade major pairs only so these spreads are ok for me. I have made many withdrawals so far, since almost i make withdrawal every end of month and it is processed with in acceptable time. I think this broker can be recommended option to take a start because i haven't had any issues since i have been trading with these guys. Also the leverage is pretty decent in my opinion.
I just started trading with this broker from 2018 through a seminar with $50 bonus. Pleasantly surprised by the service. This broker offers competitive pricing, spread and an easy deposit/withdrawal process. Also, execution is good without freezes and rare requotes and there are no restrictions on trading strategies and styles except martingale. LMFX is a good forex broker choice!
Hey here! I'm from Russia, and I want to share my expirience from trading with this broker.
First three month from my first deposit everything were nice, I had everything I need for comfortable trading. After three month I decided to deposit 5000 $, it's a big money for me and my family.
Troubles started here. Support team start to ignore me, like they answer to my question for half a day or even the whole day. When I ask about withdraw 1000 $ they ignored me firstly, and then ask me to send my documents for verification one more time.
I had wait for my withdraw for one month now, and I ask everybody to be careful with this broker.
Thank you for your attention!!
I have traded with this broker from 2016 and I had quite satisfactory trading experience with LMFX, no critical issues encountered so far. This broker has 3 main account types that, however, I recommend Premium for no commission with acceptable spread for majors. It also has a great payment system that is smooth and fast, reliable under 24 hours for withdrawal (Skrill) and just a few mins for deposit (CC). Overall this broker is decent and good for traders.
I have started trading with LMFX from early of this year. This broker is offering both floating (Premium & Zero) and fixed (FIXED) spreads accounts. From my real trading experience on those, Premium have no commission that is very suitable for those don't want to concern any fee (except swap). I also withdrew about 5 times and no fee attached, Skrill is the best available payment method for my region. This broker only offers MT4 platform.
Good broker in my opinion. I am trading since last two years now and I have found out that the service is pretty straight forward. The spreads are reasonable and enough that does not affect scalping. London session trading is the best time where i make the most out of the market. I make bi-monthly profit withdrawals which are processed hassle free. I do recommend testing this broker because my overall experience is good and I do not have any complaints regarding their platform/services.
2 months into trading live, I would say it's safe to say the general impression is positive. over all the broker provides a good trading environment with 3 types of accounts. the spreads might be their best feature, compared to others they do offer small spreads especially on major pairs. I would like to see more on the future in terms of cdfs and pairs maybe crypto. over all I'm pleased. withdrawals are straight forward with in 48 hrs, but usually processed in 24 and that's a plus.
I have been trading with LMFX for approximate 1 year and never faced any problem with payment. Deposit is almost instant while withdrawal requests could take up to 24 hours for processing. Fast execution and wide range assets. Only a disadvantage that they don't have Bitcoin - my concern trading product now.
I started trading with LMFX from end of 2016, I did try demo for 1-2 months before trading live. I noticed this broker through a promotion on my forex forums with Phone bonus that was very easy to acquire. Starting from Feb this year, I decided to deposit around 1k$ with some knowledges I learned from paid courses. It took me a few first loss week before I could make some profit with my strategy, I withdrew 200$ first profit through Skrill and I got money within 24 hours with notification email. My orders were executed on my expected price without widen spread. This broker have extensive list of trading pairs and commodities. Spreads are low, deposit bonus is optional. Overall an acceptable and credible broker.
I am trading since 2010 and traded many brokers since then, I started testing this broker four months ago. No issues with them so far, as the trading platform is good and no problem in trade execution. Payments are also transferred instantly and withdrawals takes reasonable time to process as specified by them. Low spreads, active support services and acceptable trading environment. I would like to rate them 4.5/5 for now.
I had a live account with LMFX about 1 year. Overall the trading conditions are quite good with 0.01 minimal trading size and excellent spreads on Cable and other majors. The payment is really fast and no hidden fee, if you withdraw 100, you get 100 while some brokers I tried could charge you a few cents. 4.5 stars from me!
Generally speaking, their trading services are not the worst, although terminal time sometimes stays steady. But the worst thing I've noticed is their bonus conditions that excludes reasonable chances for profitable trading. Once there is a drawdown that uses bonus money, leverage makes nothing of itself and it doesn't even able to margin call the order, margin seems to be somehow released or anything like that. This showcase of allegedly flexible bonus and high leverage is only just for catching your eye. Once you're caught, you realize all roadblocks of this service. Besides, they could think about making their spreads smaller under their current conditions.
this review comes after my 3rd withdrawal from a 7 month old premium account, the broker was introduced to me through a friend and i have been using them as a secondary account. Opening an account is easy, though documentation can be a bit strict, over all the live environment is ok, spreads are smaller than average good for scalping. not much interaction with support, haven't had a reason to do so. Though i was able to withdraw three times, but it will take a little bit more trading to cover the long term aspect, but so far so good. well balanced broker.
To submit your own Forex Broker review for LMFX fill the form below. Your review will be checked by a moderator and published on this page.
By submitting a Forex Broker review to EarnForex.com you confirm that you grant us rights to publish and change this review at no cost and without any warranties.Make sure that you are entering a valid email address. A confirmation link will be sent to this email. Reviews posted from a disposable e-mail address (e.g. firstname.lastname@example.org) will not be published. Please submit your normal e-mail address that can be used to contact you.
Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.