LMFX Broker Review

Author By Jeffrey Cammack
Updated: March 1, 2021
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% of retail investor accounts lose money when trading CFDs with this provider
Last updated on 1 Mar 2021
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

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Our verdict on LMFX

🏦  Min. DepositUSD 50
🛡️  Regulated By
💵  Trading Cost 
USD 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
Alert71.11% of retail investor accounts lose money when trading CFDs with this provider
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