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LMFX Broker Review

Broker review

LMFX Review

  • Updated 30 Sep 2026

Your capital is at risk.

Min. deposit
$50
Max. leverage
1:1000
EUR/USD spread
1.4 pips
Founded
2015
Regulators
Unregulated
Platforms
MetaTrader 4, WebTrader

Score breakdown

5.73 out of 10 FxFind score

  • 01

    LMFX by Client Region and Legal Entity

    2
  • 02

    Trading Costs by Account and Instrument

    8
  • 03

    Build a Trading Setup

    7.5
  • 04

    Trading Conditions and Position Management

    7.5
  • 05

    Tradable Markets: Range and Restrictions

    6.5
  • 06

    Customer Support

    7
  • 07

    Research, Trading Tools, and Education

    5

Benchmark

LMFX against the top-rated median

LMFXTop-rated median

FxFind score
LMFX: 5.7/10 Top-rated median: 9/10
Min. deposit
LMFX: $50 Top-rated median: $10
Max. leverage
LMFX: 1:1,000 Top-rated median: 1:1,000

Median of 5 other top-rated brokers on FxFind. Bars are scaled to the larger value in each pair.

The LMFX Decision Map

Decision QuestionFxFind Finding
Main reason to consider itLeverage up to 1:1,000 on Premium, Fixed, and Micro accounts, with MT4 automation and scalping supported.
Main limitationLMFX is unregulated and has no investor compensation scheme.
Most natural fitTraders seeking high leverage or MT4-based active trading who accept offshore-broker risk.
Relevant account/platform setupPremium, Micro, Fixed, and Zero accounts; MT4 desktop, web, and mobile, plus WebTrader.
FxFind Rating5.73/10
View the FxFind rating breakdown
CategoryScore
Trust and Safety2.0/10
Fees and Commissions8.0/10
Deposits and Withdrawals8.0/10
Tradable Instruments6.5/10
Setup7.5/10
Account Opening9.0/10
Customer Support7.0/10
Trading Conditions7.5/10
Market Research and Education5.0/10

LMFX combines flexible trading conditions with a significant protection gap: its leverage and platform features do not offset the absence of regulatory oversight or compensation cover.

3strengths 3trade-offs

What stands out

  • MT4 supports Expert Advisors on desktop and VPS environments, and LMFX offers VPS hosting.
  • The Zero account has spreads from 0.0 pips and a stated commission of $4 per lot per side.
  • LMFX supports several deposit and withdrawal methods, including cards, e-wallets, bank wire, and cryptocurrencies.

What to weigh up

  • LMFX is unregulated and has no investor compensation scheme.
  • The Zero account is limited to leverage of up to 1:250; leverage also varies by account type.
  • Withdrawal charges may depend on the payment method or provider.

LMFX by Client Region and Legal Entity

2/10

Regulatory Status and Client Protections

LMFX is an unregulated broker headquartered in North Macedonia and offers no investor compensation scheme. Clients should distinguish the broker’s stated account safeguards from protections overseen by a financial regulator.

LMFX says it segregates client funds and provides negative balance protection. These are broker claims; its unregulated status means there is no formal regulatory oversight to independently verify the segregation claim. Negative balance protection is intended to prevent an account from remaining in debt after extreme market movements, but it does not remove the risk of losing deposited funds.

Corporate Transparency and Ownership

LMFX is not publicly traded. The corporate details identify North Macedonia as its headquarters; no parent-company or ownership details are established here.

Trading Costs by Account and Instrument

8/10

Representative Trading Costs

InstrumentSpread BasisCommissionImportant Condition
EUR/USDBroker-reported average: 1.4 pipsAccount-dependentThe reported average is not tied to a specific account type.
GBP/USDBroker-reported average: 1.8 pipsAccount-dependentThe reported average is not tied to a specific account type.
Gold (XAU/USD)Broker-reported average: 0.071 pointsAccount-dependentSpread unit is points, not pips.
S&P 500 CFDBroker-reported average: 0.7 pointsAccount-dependentSpread unit is points, not pips.
Zero accountSpreads from 0.0 pips$4 per lot per side; $8 per standard lot round turnMinimum deposit $100; maximum leverage 1:250.
Premium and Fixed accountsFloating or fixed spreads, depending on accountNo commission on these accountsTrading costs are incorporated into the spread.
Share CFDsNot publicly specified as a fixed figure; check the broker’s current live spread or contract specification.0.10%Commission applies across account types.

The Zero account pairs a lower spread basis with a separate per-side charge. Commission-free accounts incorporate trading costs into their spreads, and the reported instrument averages are not account-specific quotes.

Costs Outside the Trade

Trader BehaviorPossible CostBroker Rule
Holding a leveraged position overnightSwap debit or creditSwaps are applied at 21:00 GMT; triple swaps apply on Wednesdays for forex and metals. Islamic accounts remove swaps but may carry overnight administration fees.
Depositing fundsThird-party or intermediary chargesLMFX says it charges no deposit fee; banks or payment processors may still charge.
Withdrawing fundsPayment-method or provider chargesLMFX says it charges no internal withdrawal fee, but provider charges may apply. The withdrawal quote in the client area is method-specific.
Funding or withdrawing in a currency other than the account base currencyProvider or bank conversion chargeLMFX says it does not charge an internal currency-conversion fee. Base account currencies are USD and EUR.
Leaving an account inactiveNo inactivity feeLMFX reports no inactivity fee.

Overnight positions and payment routes account for the main costs beyond spreads and commissions. Swap charges depend on the instrument and position direction; external payment charges fall outside LMFX’s stated internal fee policy.

Key Trade-Offs to Consider

High Leverage Comes With Offshore-Broker Risk

Premium, Fixed, and Micro accounts offer leverage up to 1:1,000, but LMFX is unregulated and has no investor compensation scheme. High leverage increases market exposure relative to deposited capital; it does not improve protections in the event of a dispute or firm failure. This trade-off matters to traders who prioritise buying power over regulated oversight.

Lower Spreads on Zero Mean a Separate Commission

The Zero account advertises spreads from 0.0 pips and charges $4 per lot per side, with a $100 minimum deposit and leverage capped at 1:250. Premium and Fixed accounts charge no commission, but their costs are built into floating or fixed spreads. Active traders should compare the full spread-and-commission cost for their account and instruments rather than focusing on the spread alone.

MT4 Automation Is Available, but Not Through a Direct API

LMFX supports Expert Advisors through MT4’s MQL4 environment on desktop and VPS, and offers VPS hosting. It does not offer a direct, publicly documented trading API. Traders using MT4 automation have a supported route, while those requiring a direct API connection do not.

Build a Trading Setup

7.5/10

Account and Platform Compatibility

AccountCompatible PlatformsPricing ModelAutomationImportant ConstraintNatural Use Case
FixedMT4, WebTrader, mobileFixed spreadsMT4 Expert Advisors on desktop/VPSMinimum deposit $25; leverage up to 1:400.Traders who prioritise fixed spreads.
MicroMT4, WebTrader, mobileSpreads from 1 pip; micro sizingMT4 Expert Advisors on desktop/VPSMinimum deposit $5; leverage up to 1:1,000.Smaller-size trading.
PremiumMT4, WebTrader, mobileSpreads from 1 pip; no commissionMT4 Expert Advisors on desktop/VPSMinimum deposit $5; leverage up to 1:1,000.Commission-free trading.
ZeroMT4, WebTrader, mobileSpreads from 0.0 pips; commission-basedMT4 Expert Advisors on desktop/VPSMinimum deposit $15 in the account conditions; leverage up to 1:250.Traders seeking a zero-spread pricing model who account for commission.

The minimums and leverage shown here follow the account conditions listed for each type. Other account-opening terms give different minimums for some accounts, so confirm the requirement for the selected account before funding.

Platform-Specific Differences

MT4 is available as a desktop terminal, WebTrader, and iOS and Android apps. MQL4 Expert Advisors run in the desktop/VPS environment; full custom-script and EA functionality is not available through browser or mobile clients. LMFX also offers WebTrader, but provides limited technical detail and does not document it as a programmable algorithmic environment.

Practical Setup Assessment

  • Manual trading: MT4 desktop, WebTrader, and mobile provide several ways to trade manually.
  • Automated trading: MT4 Expert Advisors can run in a desktop or VPS environment. LMFX offers paid VPS hosting and says it is free when the account maintains a $5,000 deposit.
  • Copy trading: Traders can use MT4’s Signals service or compatible third-party trade copiers. LMFX does not offer a proprietary social-trading network.
  • Direct API trading: LMFX does not offer a direct, publicly documented API. MT4 automation is the broker-specific route.

Trading Conditions and Position Management

7.5/10

Entering the Market

LMFX describes slippage as a normal part of trading. It permits scalping, news trading, and automated Expert Advisors. No execution statistics or specific order-type details are included here.

Leverage

MarketMaximum Retail LeverageProfessional / Other Eligible LeverageWhat Determines It
ForexN/A-Not applicable for the stated market/status.
IndicesN/A-Not applicable for the stated market/status.
CommoditiesN/A-Not applicable for the stated market/status.
StocksN/A-Not applicable for the stated market/status.
Bonds--Not offered.
CryptocurrenciesN/A-Not applicable for the stated market/status.
Other--Not offered.

Account-level maximum leverage is up to 1:1,000 on Premium, Fixed, and Micro accounts and up to 1:250 on Zero. These are account ceilings, not verified maximums for individual assets; actual exposure can be lower under the live contract specification.

Margin Calls and Stop-Outs

LMFX sets the margin-call level at 50% and the stop-out level at 20%. If open positions move against the account, a stop-out can close positions as available margin falls.

Trading Restrictions

Trading ActivityStatusImportant Conditions
ScalpingAllowedLMFX permits scalping; the Zero account offers spreads from 0.0 pips with commission.
Hedging within one accountAllowedSimultaneous long and short positions are permitted in a single account.
Hedging across separate accountsProhibitedOpening opposite positions across separate accounts is not allowed.
Expert AdvisorsAllowedMT4 supports Expert Advisors in desktop/VPS environments.
Direct API tradingNot offeredLMFX does not offer a direct, publicly documented API.
News tradingAllowedTrading around economic releases is permitted; volatility can increase execution risk.

Tradable Markets: Range and Restrictions

6.5/10

Asset ClassApprox. InstrumentsWhat Is NotableMain Restriction / Gap
Forex50Margin FX trading; swaps may applyInstrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification.
Indices9Cash- and futures-referenced index derivativesInstrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification.
Commodities≈13Spot- and futures-referenced commodity derivativesInstrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification.
Stocks≈100Share CFDs; no ownership or voting rightsInstrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification.
BondsNot Offered--
Cryptocurrencies≈78Crypto access varies by entity and jurisdictionInstrument availability, leverage and contract terms can vary by account, legal entity and jurisdiction; check the current product specification.
OtherNot Offered--

LMFX offers derivatives rather than direct ownership of shares. Its markets include forex, indices, commodities, share CFDs, and cryptocurrencies; bonds and other assets are listed as not offered.

Opening, Funding, and Withdrawing From an Account

Account Opening and Verification

LMFX requires identity and address verification. Clients must submit a government-issued photo ID, such as a passport or driving licence, and proof of residence dated within the previous three months, such as a bank statement or utility bill. Verification is required to open and fund an account and to process withdrawals.

LMFX restricts clients from a wide range of countries, including the United States, United Kingdom, Canada, Australia? #

Deposit Methods

MethodDeposit MinimumBroker FeeExpected ArrivalImportant Restriction
Binance Coin0.002 BNBNo broker deposit feeInstant after required network confirmationsSend BNB only to the address and network shown in the deposit instructions. Using the wrong network may result in permanent loss.
Bitcoin0.000000 BTCNo broker deposit feeInstant after required network confirmationsSend BTC only to the Bitcoin address and network shown in the deposit instructions. Incorrect transfers may be irreversible.
Bitcoin Cash0.002000 BCHNo broker deposit feeInstant after required network confirmationsSend BCH only to the Bitcoin Cash address and network shown in the deposit instructions. Incorrect transfers may be irreversible.
Dash0.030000 DASHNo broker deposit feeInstant after required network confirmationsSend DASH only to the Dash address and network shown in the deposit instructions. Incorrect transfers may be irreversible.
Dogecoin2 DOGENo broker deposit feeInstant after required network confirmationsSend DOGE only to the Dogecoin address and network shown in the deposit instructions. Incorrect transfers may be irreversible.
Ethereum0.001000 ETHNo broker deposit feeInstant after required network confirmationsSend ETH only using the network shown in the deposit instructions. Do not use another Ethereum-compatible or Layer-2 network unless explicitly supported.
Fasapay$50No broker deposit feeInstantAn eligible FasaPay account is required. Country availability, account verification, and transaction limits may apply.
Litecoin0.000100 LTCNo broker deposit feeInstant after required network confirmationsSend LTC only to the Litecoin address and network shown in the deposit instructions. Incorrect transfers may be irreversible.
Mastercard$50No broker deposit feeup to 30 minThe card must support online payments and be accepted by the broker. Issuer, country, currency, and authentication limits may apply.
Monero0.010000 XMRNo broker deposit feeInstant after required network confirmationsSend XMR only to the address shown in the deposit instructions. Some countries or payment providers may restrict availability.
Neteller$50No broker deposit feeInstantAn eligible NETELLER account is required. Country availability, account verification, and transaction limits may apply.
Ripple0.100000 XRPNo broker deposit feeInstant after required network confirmationsFor XRP deposits, use the address shown and include the destination tag or memo if provided. Missing or incorrect tags may delay or prevent crediting.
Skrill$50No broker deposit feeInstantAn eligible Skrill account is required. Country availability, account verification, and transaction limits may apply.
Tether3 USDTNo broker deposit feeInstant after required network confirmationsUSDT is available on multiple networks. Use only the network and address shown in the deposit instructions; a mismatch may result in permanent loss.
Tron20 TRXNo broker deposit feeInstant after required network confirmationsFor TRX deposits, use only the TRON network and address shown. Do not send other TRC-20 tokens unless explicitly supported.
TrueUSD3 TUSDNo broker deposit feeInstant after required network confirmationsTUSD may be available on multiple blockchain networks. Use only the network and address shown in the deposit instructions.
Union Pay$50No broker deposit feeup to 30 minAn eligible UnionPay card or account is required. Availability depends on the issuer, country, and broker's payment provider.
USD Coin3 USDCNo broker deposit feeInstant after required network confirmationsUSDC is available on multiple networks. Use only the network and address shown in the deposit instructions; a mismatch may result in permanent loss.
Visa$50No broker deposit feeup to 30 minThe card must support online payments and be accepted by the broker. Issuer, country, currency, and authentication limits may apply.
Wire Transfer$50No broker deposit fee1–3 business daysUse the exact beneficiary, bank details, and payment reference provided. Intermediary bank fees, currency conversion, and processing delays may apply.

Withdrawal Methods

MethodWithdrawal MinimumBroker FeeExpected ArrivalImportant Restriction
Binance Coin0.002 BNBMethod/provider-specific, check the current client-area withdrawal quoteAfter required network confirmations; network-dependentUse the exact BNB network and receiving address; an incorrect network may result in lost funds.
Bitcoin$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid Bitcoin address and supported network; crypto withdrawals are irreversible.
Bitcoin Cash$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid BCH address and supported network; crypto withdrawals are irreversible.
Dash$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid Dash address and supported network; crypto withdrawals are irreversible.
Dogecoin$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid Dogecoin address and supported network; crypto withdrawals are irreversible.
Ethereum$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse the exact supported network and receiving address; do not assume other EVM networks are accepted.
Fasapay$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant once processedAn eligible FasaPay account is required; country, verification, and limits apply.
Litecoin$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid Litecoin address and supported network; crypto withdrawals are irreversible.
Mastercard$10Method/provider-specific, check the current client-area withdrawal quoteUsually up to 30 minutes broker-side; card settlement may take longerAvailable only through supported card-payout or refund routes; issuer and regional restrictions apply.
Monero$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse a valid XMR address; the broker, provider, or jurisdiction may restrict availability.
Neteller$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant once processedAn eligible NETELLER account is required; verification, country, and wallet limits apply.
Ripple$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse the correct XRP address and destination tag or memo when required.
Skrill$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant once processedAn eligible Skrill account is required; verification, country, and wallet limits apply.
Tether$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUSDT uses multiple networks; choose the exact supported network or funds may be lost.
Tron$10Method/provider-specific, check the current client-area withdrawal quoteTypically instant after required network confirmationsUse the exact TRON address and asset specified; do not confuse TRX with other TRC-20 tokens.
TrueUSD$10Method/provider-specific, check the current client-area withdrawal quoteMethod-specific on official funding/withdrawal pageUse only the exact supported TUSD network and receiving address.
Union PayNo fixed public minimum statedMethod/provider-specific, check the current client-area withdrawal quoteMethod/provider dependentCard payouts or refunds depend on broker, issuer, card, and regional support.
USD Coin3 USDC on ERC20 / 10 USDC on TRONMethod/provider-specific, check the current client-area withdrawal quoteAfter required network confirmations; network-dependentUSDC uses multiple networks; choose the exact supported network or funds may be lost.
Visa$10Method/provider-specific, check the current client-area withdrawal quoteUsually up to 30 minutes broker-side; card settlement may take longerAvailable only through supported card-payout or refund routes; issuer and regional restrictions apply.
Wire Transfer$100Method/provider-specific, check the current client-area withdrawal quoteMethod-specific on official funding/withdrawal pageEnter bank, recipient, and SWIFT/BIC details exactly; fees and processing delays may apply.

Payment Rules

LMFX requires account verification before processing withdrawals. Card and e-wallet availability depends on the provider, issuer, country, and account verification. Crypto deposits and withdrawals are network-specific; using an unsupported network or incorrect address can result in loss. Deposit estimates range from immediate for e-wallets to 1–3 business days for wire transfers. Withdrawal times vary by method: e-wallets typically take up to 24 hours, cards about 1–3 business days, and bank wires approximately 1–4 business days.

Deposit methods

Withdrawal methods

Customer Support

7/10

RouteAccessHoursHuman / AutomatedLanguages / Conditions
Live ChatLive Chat24/5 overall supportHuman / agent-assistedMultilingual
Email[email protected]Messages accepted 24/7; staffed 24/5Human / agent-assistedMultilingual; asynchronous
Phone+44 20 3519 210524/5Human / agent-assistedMultilingual; regional availability may vary

Live chat, email, and phone support are available on a 24/5 basis. Available customer-support rating data is insufficient to support a reliable conclusion about service quality.

Research, Trading Tools, and Education

5/10

User NeedAvailable ResourcesProviderAccess RequirementDepth / Limitation
Tracking scheduled market eventsEconomic calendarLMFX; underlying data vendor not identifiedFull-access or login requirements are not specified.Includes scheduled macro events with actual, forecast, and previous data. It does not capture unscheduled news or every market-moving event.
Learning trading conceptsEducational articlesLMFXAccess conditions are not stated as a single universal rule; availability may vary by account, platform, region or login status.Educational material is provided through articles; no further depth or format is specified.

Who LMFX Fits

Trader ProfileWhy It May Suit ThemMain Reservation
MT4 scalpers and active tradersLMFX permits scalping and offers a Zero account with spreads from 0.0 pips and commission.The Zero account’s commission and 1:250 leverage ceiling should be considered alongside its spread model; the broker is unregulated.
MT4 Expert Advisor usersExpert Advisors are supported in the MT4 desktop/VPS environment, and VPS hosting is available.There is no direct, publicly documented trading API; full EA functionality is desktop/VPS-centric.
Traders seeking higher account leveragePremium, Fixed, and Micro accounts offer leverage up to 1:1,000.High leverage magnifies exposure, and LMFX has no investor compensation scheme.
Small-capital tradersSome account conditions specify minimum deposits from $5.Minimum requirements differ across account details, and country restrictions may affect eligibility.

Before you deposit

Key conditions to verify before funding

Tick each check off as you confirm it on the broker’s own site. Your ticks stay in this browser only.

0/ 5 checks confirmed

  1. 01 Country eligibility Read the checkHide the check

    LMFX restricts clients in many countries, including the United States, United Kingdom, Canada, India, and Japan. Confirm eligibility before beginning registration.

  2. 02 Account minimums Read the checkHide the check

    Minimums differ across LMFX account conditions. Confirm the first-deposit requirement for the account you intend to open.

  3. 03 Withdrawal charges Read the checkHide the check

    Withdrawal fees depend on the method and provider. Review the current client-area quote and any payment-provider charges before funding.

  4. 04 Crypto network selection Read the checkHide the check

    Use only the network and address shown in the payment instructions; an unsupported network or incorrect destination can result in irreversible loss.

  5. 05 Regulatory protection Read the checkHide the check

    LMFX is unregulated and has no investor compensation scheme. Consider whether this protection gap is acceptable before depositing.

FxFind's Assessment on LMFX

LMFX supports several trading setups, including four account types, MT4 automation, scalping, and leverage up to 1:1,000 on selected accounts. Its Zero account separates spreads from commission, while the other accounts use fixed or floating spreads without trading commissions.

The central trade-off is structural: LMFX is unregulated and offers no investor compensation scheme, leaving clients with greater counterparty and dispute-resolution risk in exchange for its trading conditions. Its features are most relevant to experienced, leverage-focused or MT4-based active traders who understand this risk and can manage exposure carefully. Traders who require regulated oversight, compensation arrangements, or a direct trading API may prefer a different setup. FxFind’s rating reflects this balance: fees and funding score well, while trust and safety score low.

Review method: FxFind’s assessment uses broker product and pricing information, account and platform details, asset-reference data, support and research-resource information, and FxFind category scores. See the FxFind Broker Review Methodology for scoring criteria and weightings.

Questions Readers Usually Have About LMFX

01

Is LMFX regulated?

<p>No. LMFX is unregulated and does not offer an investor compensation scheme. It is headquartered in North Macedonia.</p>

02

What is the minimum deposit at LMFX?

<p>The stated account conditions set minimums of $5 for Micro and Premium, $25 for Fixed, and $15 for Zero. Other LMFX account details give different minimums for some account types, so confirm the requirement for the account selected.</p>

03

What is the maximum leverage at LMFX?

<p>Premium, Fixed, and Micro accounts offer leverage up to 1:1,000; Zero offers up to 1:250. These are account-level ceilings, and the maximum for a specific instrument may differ.</p>

04

Does LMFX allow scalping and Expert Advisors?

<p>Yes. LMFX permits scalping and supports Expert Advisors through MT4 in a desktop or VPS environment. It does not offer a direct, publicly documented trading API.</p>

05

How does LMFX’s Zero account charge commission?

<p>The Zero account charges $4 per lot per side, or $8 per standard lot round turn, with spreads from 0.0 pips. Its stated maximum leverage is 1:250.</p>

06

Does LMFX charge withdrawal fees?

<p>LMFX says it does not charge an internal withdrawal fee, but provider or payment-method charges may apply. The client-area withdrawal quote is method-specific, and bank or card providers may also impose charges.</p>

07

Which platforms does LMFX offer?

<p>LMFX offers MetaTrader 4 for desktop, web, and iOS and Android, as well as WebTrader. MT4 Expert Advisors and full custom-script functionality are desktop/VPS-centric, rather than available through browser or mobile clients.</p>

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