LMFX Review 2018: Scam or Legit Broker? Lmfx.com is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies. They have their address at the Republic of Macedonia and they are owned and operated by Global Trade Partners Ltd.
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LMFX TRADING PLATFORM
This broker uses the MT4 trading platform for Cryptocurrency and Forex and CFD trading. Their Max leverage is 1:1000
DEPOSIT AND WITHDRAWAL METHODS
The available methods are Bank Wire Transfer, MasterCard, Visa, Skrill, Neteller, fasapay. The minimum deposit is $50
Is LMFX REGULATED?
NO! LMFX broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.
SUPPORT
LM FX broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.
CONCLUSION
LMFX is an unregulated broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
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COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide..visit their official website
DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE
