31 reviews of LMFX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
Traded premium account and I guess this broker is good enough with convenient trading conditions. I tried scalping strategies too and get my withdrawals easily to my e-wallet on the same day. I must recommend this broker to everyone!
Tried this broker by getting Google ads with small deposit. Good spread, fast execution and friendly customer service. I like the chat system they came up with. That chat system has good option to contact the manger as well via email. So I can say that this broker deserve one try, So far happy with their services. As per my latest experience I can say that this is good broker in compare to other new broker in Market. Lets hope its maintain the same in future too.
This lmfx account would be my 2nd account, I trade two brokers and 3 months with lmfx, most my trades are around xauusd and oil, with a couple of trades on eurusd and gbpusd, spreads in general are acceptable even in high-volatility market, i was able to scalp the gold market as it reached 1263 mark, something worth mentioning is the scalping ease as the prices dropped the following days,.this broker might be young and yes there are room for improvements, but with the results im getting from both terminals and services, i can say this broker is serious which is good. i made a test withdrawal ion the 15th and got it in my account on the 16th.
Good broker for traders who apply scalping strategies. I had no limitations from their side so far and all of my conversations with customer support confirmed that there is no limitation on trading strategies. I can recommend this broker.
Unfortunately, this turned out to be one of those companies whose terminals often hang freezed under high volatility. It's awfully irritating when trading is on and and you can't operate with terminal, and it often turns into loss trades. My opinion is that these guys have to fix this thing. About other points, this broker provides usual conditions, although interface in general is tasteless and spreads are quite bigger than by many others. but again, terminal tricks spoil everything
They do have a good number of pairs to choose from, the process of opening an account is very acceptable, one noticeable feature is the speed of execution. In 2 months of trading, i only had one test withdrawal and it was processed with in the given time. so far there is nothing to complaint about. good broker
I have tested 3 demo accounts at this broker for 2 months, and I decided to open premium one. Opening account is really fast, no special document required except ID and Bank Statement. The customer support team are very good in response, the platform is stable, good for trading no requote even in last FED meeting. I think I will keep trading with this broker for several months until I withdraw several times.
Good spreads and execution combined with a nice set of platforms and higher leverage. Good option for traders looking to move offshore.
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