LMFX is an international broker established in 2015 and based in North Macedonia, offering trading across a variety of instruments like forex, metals, and cryptocurrencies, but it is not regulated by any government body.

The broker boasts a platform that is both user-friendly and sophisticated, providing tools and features that cater to both new and experienced traders.

LMFX guarantees the safety of client funds by keeping them in segregated accounts at top-tier banks, ensuring that these funds cannot be used for the company’s own financial activities.

Despite its lack of formal regulation, LMFX offers competitive trading conditions such as high leverage up to 1:1000 and low to zero commission structures.

The broker provides a broad range of deposit and withdrawal methods including cryptocurrencies, all with minimal to no fees and rapid processing times.

Concerns about trading with an unregulated broker like LMFX include potential risks during disputes or insolvency as there is no regulatory oversight to offer protection.

Positive customer feedback online highlights the broker’s reliable service, though the risks associated with its unregulated status remain a significant consideration.

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Is LMFX Safe?

An international broker with innovative features, LMFX offers an intuitive and flexible environment, capable of meeting the trading needs of any category of trader. The broker allows trading in forex, metals, commodities, indices, stocks, energies, and cryptocurrencies, with competitive conditions and cutting-edge tools.

In addition to the excellent quality of the environment offered, the broker guarantees a transparent service with strict security levels regarding the management of client funds.

Total Transparency.

One of the most appreciated features by traders, it allows quick access to sections dedicated to legal documentation, privacy, and fund protection. No hidden fees or unclear clauses, by consulting the list of available documents, the client will have the opportunity to know in detail any instrument or service offered.

Segregated Accounts.

All client funds are held in segregated accounts at top-tier banks and separated from the company’s funds. The broker cannot use them for its own purposes and cannot access the accounts in any case. In case of insolvency, this guarantees the trader the return of all their funds.

Wide range of reliable funding methods

The broker offers clients a wide list of both fast and reliable funding methods. In a short time, the client can select the most suitable solution for their needs and carry out rapid, secure deposit or withdrawal operations, with costs starting from zero.

Maximum support.

A team formed by professionals with proven experience will offer the client uninterrupted support to solve any problem.

Clarity and ease of use.

Factors that allow both experienced and beginner traders to access any service easily and to operate at full capacity in markets around the world, with state-of-the-art tools and advanced trading platforms.

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However, despite the excellent service offered, it is important to emphasize that LMFX is a Broker created in 2015 and legally registered in North Macedonia, but unfortunately, it is not regulated by any government agency. Practically an Offshore company (managed by Global Trade Partners Ltd. and GTP Global Solutions Ltd) that, not being required to comply with regulations imposed by regulatory bodies, offers a service that is advantageous in some aspects, but extremely risky in others:

Risks in trading with an unregulated broker

First and foremost, there are no security and protection standards for the trader that are normally available with strictly regulated brokers. This implies that in the event of insolvency or any other dispute with the broker, the client will not be protected by any regulatory body. Moreover, the broker illustrates on the official website deposits on segregated funds, but such a feature concerns strictly regulated brokers. Consequently, despite the broker’s assurance, there is no guarantee that LMFX actually offers segregated accounts.

Advantages of trading with zero regulations.

Unregulated trading offers high financial leverage and extremely advantageous trading conditions (features not available with regulated brokers who are required to comply with certain norms). A very high leverage up to 1:1000, commissions and spreads starting from zero, no trading restrictions, and much more.

It is duly noted that there are no reports of misconduct concerning this broker. Both regular customers and traders registered in forums that deal with such topics give positive feedback that suggests that LMFX, despite not being regulated, offers excellent service for investing in the markets and protects the client to the best of its ability. Moreover, the broker allows activating an account with a minimum deposit starting from only $5, a detail not to be overlooked that outlines a marked interest towards clients, who can decide if and when to trade in total freedom and without any conditions or restrictions.

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See LMFX’s Trading Conditions

Deposit and Withdrawal Methods Offered by the Broker

The broker offers a wide range of funding and withdrawal methods. Both sections offer a rapid, advantageous, and transparent service in every respect. In particular, on deposits, regardless of the payment method selected, the broker imposes no commission.

To make a deposit or a withdrawal, each trader must have a verified account and follow these steps:

1. Access their client area.
2. Click on the “Payment Methods” icon.
3. Select “Deposits” or “Withdrawals”.
4. Choose the method most suitable for their needs.
5. Submit the request by filling out the form.

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Deposit Methods

In the next table, a detailed description of all the funding methods offered by the broker.

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Withdrawals

Maximum speed and security in withdrawals, with a wide list of available methods:

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FAQs about LMFX’s Safety

What is LMFX?

LMFX is an unregulated international broker offering trading in forex, metals, and more, established in 2015.

Is LMFX regulated by any government agency?

No, LMFX is not regulated by any government agency, operating under a company registered in North Macedonia.

How does LMFX ensure the safety of client funds?

LMFX keeps client funds in segregated accounts at top-tier banks, separate from company funds.

What trading platforms does LMFX offer?

LMFX provides access to MT4, MT5, and a mobile app, equipped with advanced trading tools.

What types of accounts can I open with LMFX?

LMFX offers several account types including Premium, Fixed, Micro, and Zero accounts.

What are the benefits of trading with LMFX?

Benefits include high leverage up to 1:1000, zero commissions on some accounts, and a low minimum deposit requirement.

What are the risks of trading with an unregulated broker like LMFX?

Risks include lack of protection during insolvency or disputes, as there is no regulatory oversight.

What deposit methods are available at LMFX?

LMFX offers a variety of deposit methods including bank transfers, credit cards, e-wallets, and multiple cryptocurrencies.

Are there any fees for deposits and withdrawals at LMFX?

LMFX does not charge any fees for most deposit and withdrawal methods, although crypto transactions may incur network fees.

How quickly can I withdraw funds from my LMFX account?

Withdrawals at LMFX are processed promptly, typically within the same day, depending on the method and network conditions.