What's the actual Forex spread on LMFX MT4 trading accounts?
“Officially Tightest Spread 0 pip” by LMFX STP Forex Broker. Find out more!
- LMFX is a NDD broker with low Forex spread
- LMFX MT4 Real-Time Spread from 0.0 pips
- Comparison of LMFX’s Trading Account Types
- LMFX allows any types of trading strategies
- LMFX offers high leverage 1:1000
- LMFX limits the loss with NBP Insurance Fund
- Join Bonus Promotions and Contests
LMFX is a NDD broker with low Forex spread
LMFX is growing its popularity all over the world.
LMFX is an online Forex and CFD broker with STP execution.
LMFX’s STP (Straight Through Processing) execution guarantees that all clients’ orders are sent to the market directly.
LMFX does not have a Dealing Desk, and does not hedge clients’ positions, which eliminates the conflict of interest between LMFX and its traders.
LMFX supports its traders to make profit, and the broker earns its own profit only from the commissions and spread charged on its MT4.
That spread and the trading commissions charged by LMFX are also very low, and that is also the reason for traders to choose LMFX as their broker.
In LMFX Official Website, LMFX mentions its 0.0 pips raw spread though, is it the actual spread you can see on LMFX MT4?
We have actually opened the account and have monitored the spread and recorded them for you.
LMFX MT4 Real-Time Spread from 0.0 pips
LMFX, an Online Forex and CFD broker in Macedonia, strives to offer 100% STP trading environment with the lowest cost in the industry.
LMFX is very good at offering:
- Forex trading with one of the lowest cost
- PAMM and MAM trading systems
The broker is regulated and based in Macedonia though, its trading condition is something we all need to see for once.
For traders, who are interested in trading with LMFX, we have captured the actual “real-time” spread of LMFX Zero Spread account in 2020.
Through the Zero Spread account, LMFX offers raw spread with only $8 per 1 lot of trading commissions.
As you can see, the average minimum spread of EURUSD is only from 0.0 to 0.1 pip. And it is not just sometimes, but the spread is very stable around the lowest level.
With the trading commission of $8, that makes the actual trading cost to be from 0.8 pips, which is still one of the lowest level in the industry.
LMFX’s Zero Spread account is very suitable for Scalping traders.
Comparison of LMFX’s Trading Account Types
LMFX’s 0.0 pips raw spread is available in LMFX’s Zero Account type.
For other account types, different spread and trading commissions are applied.
We have summarized the comparison of LMFX’s all account types in the table below.
| Account Types | Premium | Fixed | Zero |
|---|---|---|---|
| Minimum Spread | 1.0 pip | 1.8 pips | 0.0 pips |
| Trading Commission | None | None | $4 per lot |
| Maximum Leverage | 1:1000 | 1:400 | 1:250 |
| Minimum Deposit | $50 | $250 | $100 |
| Minimum Re-deposit | $25 | $50 | $50 |
| Minimum Order Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum Order Size | 60 lots | 75 lots | 100 lots |
| Maximum Number of Simultaneous Orders | 100 lots | 150 lots | 200 positions |
| Account Base Currencies | USD and EUR | USD and EUR | USD and EUR |
| Margin Call % | 50% | 30% | 30% |
| Stop Out % | 20% | 15% | 15% |
Each account type has different merits for traders.
Try them all to see which account type is suited for your style today.
You can find the full service details and conditions of LMFX MT4 in the article here.
1. LMFX Premium Account
LMFX’s Premium account type is the only account with floating spread and no trading commission.
LMFX’s Premium account type’s minimum spread starts from 0.0 pips.
There is no trading commission thus the trading cost you need to cover is the only spread you will see on LMFX MT4 trading platforms.
LMFX’s Premium account type is suited for any types of traders regardless of the account balance and trading strategy.
LMFX’s Premium account type requires only $50 minimum deposit amount.
For the list and conditions of fund deposit and withdrawal with LMFX, please visit the page here.
2. LMFX Fix Account
LMFX’s Fix account is the only account with the fixed spread.
LMFX’s Fix account’s fixed spread is not floating (variable).
The minimum spread is 1.8 pips and it is fixed all the time.
There is no extra trading commission charged, thus the cost you need to cover is the spread which is fixed on LMFX’s Fix account.
LMFX’s Fix account makes it easy to calculate the cost of trading and plan your strategy.
LMFX’s Fix account is also suited for traders with EAs (Expert Advisers) as the fixed spread makes it easy to setup the parameters.
LMFX’s Fix account requires $250 of minimum deposit amount to start trading.
3. LMFX Zero Account
LMFX’s Zero account is the only account with raw spread.
As you could see in the above “real-time spread”, LMFX’s Zero account does offer 0.0 pips spread on major currency pairs.
LMFX’s Zero account charges $8 per round turn lot commission, which is fixed for all Forex currency pairs.
LMFX’s Zero account is suited for traders with scalping strategies.
LMFX allows any types of trading strategies
LMFX’s each account type has different advantages for traders with their low spreads.
While you can benefit from their low floating and fixed spread, you can also benefit from LMFX MT4 with no trading restrictions.
LMFX is a NDD broker and has no conflict of interest against its traders, thus the broker supports its traders to make profit.
On LMFX MT4, you can perform any kinds of trading strategies.
You can perform scalping strategy, hedging, EAs (Expert Advisers) trading and also swing trading.
With LMFX, you can save your money with the low cost and trade to make actual profit for your own.
How LMFX’s NDD environment and STP execution can benefit you?
Contact their customer support team to find out more.
LMFX offers high leverage 1:1000
LMFX’s one of the main advantages is the high leverage 1:1000.
While the average Forex leverage in the market is around 1:400, LMFX offers up to 1:1000 which is more than the double of the average.
LMFX’s 1:1000 leverage keeps the margin requirement low, and lets you trade more.
You can use the high leverage to increase your trading volume to earn more through profitable opportunities.
LMFX’s 1:1000 high leverage is available for Premium account type only, which offers 1.0 pips low spread with no extra trading commissions.
How LMFX’s 1:1000 can keep the margin requirement low?
Visit LMFX Official Website and use the margin calculator to see the actual numbers.
LMFX limits the loss with NBP Insurance Fund
LMFX’s high leverage 1:1000 involves higher risks, while it can be a great tool to increase your trading volume.
To limit the risks for its traders, LMFX supports NBP (Negative Balance Protection) for all live trading accounts.
LMFX’s NBP works like an insurance fund for traders, and it gets triggered when a trader’s account balance goes below zero.
LMFX’s NBP fixes the negative balances to zero, so traders can re-start their trading with zero account balance.
With LMFX’s NBP, you can increase your trading volume by 1000 times while limiting the maximum loss to the total account balance.
Want to find out how NBP system works? Visit the page below to find out more.
What is NBP and How does it work?
Join Bonus Promotions and Contests
It is very rare that a Forex broker with this low of trading cost offers variety of bonuses, but LMFX does offer many.
Starting with the No Deposit Bonus and 100% Deposit Bonus, LMFX is also running Forex trading contest with cash prizes every month.
All bonus promotions are free to join, you wouldn’t miss them if you are planning to trade with LMFX.
You can find out more about LMFX’s Bonus Promotions in the article here.
For the list and conditions of LMFX’s all trading contests, visit the page here.
The broker is founded in 2015 and relatively new though, they are also getting many positive feedback from users.
For more information of LMFX’s service, please refer to the page below.
-
Official Site
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