LMFX is a forex broker that offers a range of currency pairs and CFDs for trading. The company is based in Malta and is regulated by the Malta Financial Services Authority. LMFX offers the popular Meta Trader 4 (mt4) trading platform, which is available for both desktop and mobile devices. The platform is known for its user-friendly interface, advanced charting features, and automated trading capabilities.
LMFX offers a variety of account types to suit the needs of different traders. These include a micro account, standard account, and ECN account. The minimum deposit for a micro account is $10, while the standard and ECN accounts require a minimum deposit of $100. LMFX also offers a swap-free Islamic account for traders who follow the Islamic faith.
In terms of spreads, LMFX offers competitive spreads on major currency pairs, with the average spread on the EUR/USD being around 1.3 pips. The company also offers leverage of up to 1:500, which can be useful for traders looking to maximize their returns.
LMFX provides a range of educational resources to help traders improve their skills. These include webinars, video tutorials, and an economic calendar. The company also offers a free VPS service for traders who use the Meta Trader 4 (mt4) platform.
LMFX has a customer support team that is available 24/5 via live chat, phone, and email. The company has a reputation for providing prompt and helpful responses to customer inquiries. Additionally, LMFX has a responsive and well-designed website that is easy to navigate.
In terms of deposit and withdrawal methods, LMFX offers a variety of options including credit/debit cards, bank wire transfer, and e-wallets such as Skrill, Neteller and Perfect Money. Withdrawals are processed within 24 hours and there are no withdrawal fees.
In terms of security, LMFX is a regulated broker and adheres to strict standards to ensure the safety of client funds. The company also uses SSL encryption to protect client information.
Overall, LMFX is a reliable and trustworthy forex broker that offers a range of features and resources to help traders succeed. The company’s competitive spreads, leverage options, and educational resources make it a suitable choice for both novice and experienced traders.