Thinking of LMFX? “Must-Read” Pros & Cons of the Service

September 17, 2016

You should read this before start trading with LMFX.

Thinking of LMFX? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

The official website(including Trading Systems and Client Portal) of LMFX is well built and perfectly organized.

As a STP Forex broker, LMFX does not restrict any trading methods on its trading platform.

The maximum leverage is 1:1000 which is two times higher than the average in Forex industry.

LMFX has got perfect PAMM systems, tools and promotions for Money Managers.

A number of attractive bonus promotions including No Deposit Bonus, Deposit Bonus and Forex Trading Contests. 

The minimum Forex spreads starts from 0.0 pips with only 4 USD of extra trading commissions. It is one of the lowest costs among STP Forex brokers

Cons

LMFX is a Macedonian based Forex broker, which is not regulated by any financial authority as “Forex” is not regulated in the country.

LMFX is relatively a new broker founded in 2015.

Is LMFX suited for you?

LMFX has got the perfect Forex investment for any types of traders, especially for Money Managers, its PAMM system and promotions have exceptional conditions comparing to other Forex brokers.

You can trade in a way you want to as there is no restrictions on the platform, LMFX allows all types of trading activities except arbitrage.

You can choose from Fixed or Floating spread, several bonus promotions and 3 Forex trading contests running all time.

LMFX’s trading conditions wouldn’t be something you cannot fit into.

But one drawback is that the broker isn’t regulated by any regulatory authorities yet. The website does mention regarding to “Security of Funds” though, some traders might find it unacceptable.

LMFX, a Forex broker with great potential.

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