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LMFX Broker Review

Author Author:  Jeffrey Cammack
Published: May 26, 2020
Editor Editor:  Chris Cammack
Updated: May 8, 2023
Last Updated On May 8, 2023
Jeffrey Cammack
Overall Rating
2.92 2.92 / 5
🏦  Min. DepositUSD 50
🛡️  Regulated By
💵  Trading Cost 
USD 12
⚖️  Max. Leverage1000:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert71.11%
Last Updated On May 8, 2023
Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on LMFX

🏦  Min. DepositUSD 50
🛡️  Regulated By
💵  Trading Cost 
USD 12
⚖️  Max. Leverage1000:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
000000/ 5
Trading Conditions
111104/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111115/ 5
Education & Research
10.50001.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
USD, EUR
Number of FX Pairs
47
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
1.20 pips
GBP/USD
2.40 pips
USD/JPY
1.70 pips
Negative Balance Protection

Company Details

Company Name
Global Trade Partners Ltd
Founded
2009
Website
Website Language
English
Support Language
English
Office Locations
Macedonia

Pros

  • Low minimum deposit
  • Fast and free withdrawals

Cons

  • Limited demo account
  • No swap-free account option
  • Extreme leverage

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Overall Rating
2.92 2.92  / 5
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LMFX Financial Regulation

Regulator License
Regulator License

LMFX Trading Cost Comparison

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