LMFX

Rating: 0.6 / 5

LMFX, owned by North Macedonian-based Global Trade Partners Ltd, is an unregulated multi-asset broker which has been in operation since 2015. Regrettably, there is no information available about Global Trade Partners Ltd. Research suggests that LMFX has accepted clients since 2015 and that the support team operates out of Bulgaria. Despite its opaque ownership, LMFX has no negative reviews and its five years of operating history suggests that it manages a trustworthy broker. Rather than relying on regulatory oversight, similar to brokers operating out of St. Vincent and the Grenadines, LMFX relies on establishing a trustworthy relationship with traders who are willing to ignore regulation in favor of a competitive trading environment and friction-less execution. LMFX accepts US Forex traders, as it does not have to comply with restrictions which would otherwise prohibit it from doing so.

LMFX Website Screenshot

Broker Details

Headquarters
Republic of Macedonia
Established
2015
Min Deposit
$50
Execution
Market Maker

Trading Costs & Spreads

EUR/USD
1.9 pips ($19.00)
GBP/USD
2.5 pips ($25.00)
Gold
$0.31
WTI Crude
$0.11

Platform & Features

Trading Platforms
MetaTrader 4

Pros

  • Choice of Trading Accounts
  • Choice of Platforms
  • Demo Account

Cons

  • No Regulation

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