LMFX review - Pros, Cons and Traders Ratings.

3.265 · 134 REVIEWS
Updated: Jan 18, 2022 · LMFX.com  · Is this your company?

5 star review by Begone, USA

LMFX has always been at the top of my list as the best FX broker out there. Being in the USA I appreciate their kind and friendly service but especially their high leverage account. I've been a customer of LMFX for about 7 years so I know of which I speak. I can guarantee you your money is safe with LMFX.
Read more traders reviews >>

What is LMFX?

LMFX is an unregulated forex broker based in Macedonia. Unlike US or EU based brokers, this allows LMFX to offer significantly higher leverage, all the way up to 1000:1. The company has been in operation since 2015, it only has a few geographic restrictions and gladly accepts traders from US.

LMFX offers MT4 trading platform, including the classic MetaTrader 4 desktop, mobile versions for both Android and iPhone, and MT4 WebTrader.

ECN accounts are available to trade over 45 currency pairs, as well as precious metals, stocks and stock indexes and commodities as CFDs. LMFX broker accepts all trading methods, including EAs, news spike trading, and scalping.

Customer service offers multilingual live chat 24 hours per day, 5 days per week. Support is also available by phone, email, and a contact form.

Please read LMFX Reviews below and share live trading experiences with this broker.


Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $50
Established: 2015
Address: 28 Koco Racin Blvd., 1000, Skopje, North Macedonia
Contact: support@lmfx.com, +44 2035192105
Regional offices:
Prohibited countries:
Trading platforms: MT4, WebTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (45+)
CFD: (55+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods: Bank Wire (Bank Transfer), VISA, MasterCard, FasaPay, Neteller, Skrill, VLoad
Withdrawal Methods: Bank Wire (Bank Transfer), VISA, MasterCard, FasaPay, Neteller, Skrill

Live discussion

Join live discussion of LMFX.com on our forum

Go to forums

LMFX.com profile provided by Maria LMFX, Nov 27, 2015

LMFX is an innovative online foreign exchange broker that offers advanced institutional and retail trading conditions to a global audience. We believe in the importance of building strong, secure foundations and the cornerstone of our mission is to provide the full spectrum of cutting-edge trading tools and services that our clients require to succeed in the world’s most liquid market.

Our goal is to deliver an unparalleled trading experience that offers the most competitive trading conditions available to each and every client, allowing them to trade Forex and CFDs on Commodities, Indices and Shares.

At LMFX, we know that our clients need to stay close to the markets and we provide a comprehensive range of mobile and desktop MT4 platforms to ensure that they never miss a market movement. In addition to an advanced trading environment, clients also have full access to exceptional educational resources via the LMFX Education Centre and advanced trading tools that have been designed to improve trading performance.

LMFX delivers what traders in today’s financial markets need the most! From fast execution and deep liquidity to automated withdrawals of trading profits and ensuring funds are deposited securely in segregated accounts, we are on call 24 hours a day, 5 days a week to help our clients with their trading needs.


Your company video here? Contact ad sales

3.265 · 134 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Traders Reviews

De leon Aris,
Lemeri, Philippines,
Jan 27, 2016,

I started trading this broker a couple of months ago, standard procedure in opening an account, trading environment is surprising, its really fast, very noticeable, there are only three accounts types as of now, and I'm trading a test premium account with roughly 400 USD, good set of currency pairs, and an active support, so far the results are good. I have no complaints, but I will stick to the test account for another two months before moving my funds here
Nguyen Thanh,
HCM, Viet Nam,
Jan 29, 2016,

I tried several brokers before and I see LMFX suits me most, I had 2 months of scalping test on its zero account before opened live account. Support was also very helpful and actually allowed me to use demo of the zero account. Keep in mind that you have to request if, because their regular demo is only for the premium account. The spread looks good and it requires only 3 pips difference in setting TP & SL, while other brokers are 5-8 pips. Just withdrew last week and money was in my account in 3 days (I used wire transfer)
, USA,
Jan 29, 2016,

I tried to open demo account with LMFX I could not. No support can help you, only automated reply no support.
Reply by Venelin Videnov submitted Feb 1, 2016:
Dear Mike, I'm sorry for any inconvenience you may had with our system, but I believe that you haven't started the chat properly. When you enter Queelo (our clients communication portal) you need to initiate the chat with the support department. Since you know about the automated reply section called "Ask Alejandro" you were at the right place, but you didn't press the button which says "Chat with support department". LMFX has 24/5 Live chat, Phone and Email support and I would like to assure you that if you initiate communication with our support agents you will get prompt reply to all of your questions.
Duc Tuan,
Hanoi, Viet Nam,
Mar 28, 2016,

I found out this broker after had a bad experienced of widening spread in previous broker. Much lower cost of trading with LMFX Zero account and the platform was faster with only 3 pips distance for entry point on pending orders. Deposit and withdrawal were very fast as stated on the website. Currently I am using Skrill and just withdrew last week. Overall experience is good.
Floyd Herrera,
Bicol, Philippines,
Apr 26, 2016,

First impression was good, the platform stability is excellent, fast execution, spreads on an average are very good on majors, i trade mostly the eurusd, gbpusd and aud pairs during london and ny sessions. the Queelo portal can be a bit confusing at first, its something new to me, but really handy once you get the hang of it.
Ahmed Zuberi - SCB,
Karachi, Pakistan,
May 17, 2016,

LMFX broker is among the top brokers I have used, the trading platform is stable and spreads are also competitive. Since I am from banking so i used to safe my money by investing it in mutual funds, buying share scripts of major companies and by investing in forex trading too..
Viet Huynh,
HCM, Viet Nam,
Jun 6, 2016,

I choosed LMFX because of the recommendation of a friend. I liked using their MT4 and now I’ve downloaded MT4 Mobile as well.

Pros: Professional and trustworthy
Cons: Busy days can result in requotes
thomas nash,
South Carolina, USA,
Jul 19, 2016,

Don't use these brokers they are a scam & scammed me out of my money they kept taking my money off my card due to losses but then when I catch a good bid in my demo account and try to go to my live account to place the same bid to catch the profit it's my bank rejecting my card if that was the case it would've rejected it from the jump not after y'all have gotten me out of $500 now it's wait 24hrs then its wait on your bank they blocking it then it's the payment processor I mean really straight run around I 've talked to my bank and they say it's not them so basically they scammed me take your money elsewhere
Tran Duc Vinh,
Hanoi, Viet Nam,
Jul 29, 2016,

I opened live account with LMFX couple of months before, I like the tight spread as well as friendly customer support. I had one withdrawal so far and it was credited in my skrill account same day. I would like to give them 4 stars at current situation because its too early give them 5 stars. Lets hope I`ll have the same opinion in future as of now.
Martin E.,
Pennsylvania, USA,
Aug 3, 2016,

I am very pleased with LMFX so far. I have received a few withdrawals by wire transfer and everything went smoothly. They have been very professional too.

Frequently Asked Questions

Is LMFX regulated and a good broker?

LMFX is not regulated by any regulator.

In another word, there is no designated government or non-government body to supervise the activities of LMFX or to resolve complaints.

To understand if LMFX is a good broker, the best way is to read the unbiased traders reviews on ForexPeaceArmy. https://www.forexpeacearmy.com/forex-reviews/12111/lmfx-forex-brokers.

Additionally, we'd recommend to check recent LMFX community discussions: https://www.forexpeacearmy.com/community/tags/lmfx.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Is LMFX an ECN broker?

LMFX's Zero account is considered as an ECN type of account.

The LMFX's Zero account has below certain features.

  • Minimum deposit of 100 USD
  • Leverage up to 1:250
  • Spreads starting from 0.2 pips EURUSD
  • Commission 8 USD per lot traded

Where is LMFX located?

LMFX is located at 28 Koco Racin Blvd., 1000, Skopje, North Macedonia.

LMFX is registered in the Republic of North Macedonia in the name of Global Trade Partners Ltd.