LMFX
Published: Updated:
- Trust score
- 2/10
- Legal simplicity
- 2/10
- Min. deposit
- 50
- Trading platforms
- Payment systems
- Instruments
- Forex, Metals, Indices, Commodities, Energies, Stocks
- Legal entity
- Global Trade Partners Ltd
- Jurisdiction
- North Macedonia
- Fees
- Premium, Fixed and Zero accounts differ in pricing, with Zero quoting raw spreads against a per-lot commission and Fixed holding a set spread. Overnight swaps apply, and swap-free accounts are available on request.
- Withdrawals
- Withdrawals return to the funding method and are normally processed within one to two business days.
Features
- Trading seminars and education
- Low minimum deposit
- Deposit bonus offers
- Segregated client accounts
- Scalping allowed
- Affiliate program
- Wide range of tradable instruments
Pros
- No advantages identified
Cons
- No drawbacks identified
LMFX, established in 2015 and based in Northern Macedonia, is an unregulated forex broker managed by Global Trade Partners Ltd. and GTP Global Solutions Ltd. Without a financial regulator overseeing it, LMFX can offer conditions many regulated brokers can't, such as high leverage — but traders also lose the legal protections regulation provides. Client funds are held in segregated accounts at Tier 1 banks, which offers some protection despite the lack of regulatory oversight.
LMFX is an unregulated forex broker offering segregated client accounts, a $50 minimum deposit, scalping, and a wide range of tradable instruments.
Overview
LMFX, established in 2015, operates from Northern Macedonia as an unregulated forex broker. It is managed by Global Trade Partners Ltd. and GTP Global Solutions Ltd. Without oversight from a financial regulator, LMFX can offer conditions many regulated brokers can't, such as high leverage — but it also lacks the legal protections that come with regulation.
Trading platforms and tools
MetaTrader 4 (MT4)
- Desktop: full functionality, including automated trading (Expert Advisors).
- Web: runs in the browser with no download, but does not support automated trading.
- Mobile: iOS and Android apps with most desktop and web features, for trading on the go.
Trading tools
- Calculators for trade planning: Fibonacci, pivot points, position size.
- Economic calendar for market news.
- Free VPS for eligible clients.
Accounts and trading conditions
Account types
- Premium: $50 minimum deposit, up to 1:1000 leverage, no commission.
- Fixed: $250 minimum deposit, up to 1:400 leverage, fixed spreads.
- Zero: $100 minimum deposit, up to 1:250 leverage, raw spreads plus $4 commission per lot.
Trading hours
LMFX trades from Monday 00:05 to Friday 23:59 (GMT+2). CFD trading hours follow each instrument's local market.
Deposits and withdrawals
- Visa/Mastercard, bank wire transfer, and e-wallets (Skrill, Neteller, FasaPay).
- $50 minimum for most methods; wire transfer requires $250.
- Processing is generally quick, though timing depends on the method used.
Bonuses and promotions
- 100% credit bonus on deposits between $100 and $30,000, with withdrawal conditions attached.
- 15% recovery bonus after an initial capital loss.
- Referral bonuses, details on the LMFX website.
- Demo trading contests with real cash prizes.
Regulation and fund safety
LMFX operates without regulatory oversight, so clients have limited legal recourse in a dispute. Client funds are held in segregated accounts at Tier 1 banks, offering some protection despite the unregulated status. LMFX publishes information about its operations, but no regulator independently supervises it.
Support and education
- Customer support: live chat, phone, and email.
- Education: limited compared to other brokers, with some video tutorials and courses.
Bottom line
LMFX offers high leverage, flexible account types, and trading tools such as calculators and free VPS. Its unregulated status is the key risk: client funds sit outside a regulator's protection scheme, and legal recourse in a dispute is limited. Weigh the trading conditions against that risk before depositing.
Trading conditions
LMFX offers Premium, Fixed and Zero accounts on MetaTrader 4, with very high leverage and a fixed-spread option that is uncommon at this end of the market.
Hedging, scalping and Expert Advisors are permitted without restriction.
The offering competes on leverage and cost. Neither is worth much without confidence that withdrawals are paid, which an unsupervised structure leaves entirely to the firm's own record.
Verification
Verification requires photo ID and a proof of address, normally reviewed within one to two business days and required before the first withdrawal.
The operating entity is registered in a jurisdiction with no financial services regulator supervising forex business. There is no licence to verify, no leverage cap, no conduct rulebook, no complaints mechanism and no compensation scheme.
