LMFX Journal

Journal status: live
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LMFX Profile
Year
2016
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Japan, UK, US
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
not disclosed
LPs names
not disclosed

LMFX Accounts
MM
DMA
Minimum Deposit
50 $
100 $
Leverage
1000 : 1
250 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
8 $/lotRT
Volume
60 lots
100 lots
Margin Call
50 %
30 %
Stop Out
20 %
15 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
yes
Update broker

Is LMFX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is LMFX trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • LMFX website: highly detailed, updated ★★★★★
  • LMFX popularity (by visitor count): average ★★★

How LMFX works

6. Market Making

6.1 The Client is particularly made aware of the fact, that in certain markets, including the foreign exchange markets, OTC foreign exchange options and CFD Contracts, the Execution Venue may act as a Market Maker.

6.2 The Company may from time to time act as the Execution Venue.

6.3 When acting as a Market Maker, the Execution Venue will under normal market conditions give the Client bid and ask prices.

8. Prohibited Trading

8.1 The Client acknowledges and understands that the service provided by the company to the Client is not designed for specific trading techniques usually called "arbitrage trading", "picking/sniping" . Snipping: the situation where the Client is prematurely buying or selling near default prices.

https://static.lmfx.com/doc/Terms_of_Business.pdf

The Company (or any of its associates) may benefit from commission, mark–up, mark–down or any other reward where it acts for the Counterparty to a Contract.

10.10 The Company is, in accordance with its Best Execution Policy, authorized to merge the Client’s orders with the bank’s own orders, orders of any of the Company’s associates and/or persons connected with the Company including employees and other clients.

https://static.lmfx.com/doc/Account_Opening_Agreement.pdf

Our Zero Spread Account is a low cost trading account that boasts NO markups and super-tight spreads starting from 0.0 pips!

Ideal for scalping and high-volume trading

https://www.lmfx.com/en/account-types/zero-account.html

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