Quick Summary
LMFX is an unregulated offshore broker with high leverage up to 1:1000, 3 account types, and crypto deposits. $100 minimum deposit. No regulatory protection — exercise significant caution.
About LMFX
LMFX is an unregulated offshore forex broker that offers high leverage and flexible trading conditions. The broker primarily serves clients in regions where access to regulated brokers is limited, offering MetaTrader 4 trading with multiple account types.
The broker offers three account types: Fixed (fixed spreads from 2 pips, no commission), Floating (variable spreads from 1.5 pips, no commission), and Premium (ECN-style spreads from 0.0 pips with commission). The minimum deposit is $100, and leverage up to 1:1000 is available. Over 55 instruments are available including forex, metals, indices, and commodities.
LMFX supports MetaTrader 4 across desktop, web, and mobile. The broker accepts various payment methods including Visa, Mastercard, Skrill, Neteller, bank wire, and cryptocurrency. Islamic (swap-free) accounts are available.
The most significant concern with LMFX is the complete lack of regulatory oversight. The broker is not licensed by any financial regulatory authority, which means clients do not benefit from segregated funds requirements, negative balance protection mandates, or investor compensation schemes. Traders should exercise significant caution and consider regulated alternatives.
Account Types
Micro, Standard, Premium
Trading Platforms
MetaTrader 4
Website
lmfx.com
Headquarters
Skopje, North Macedonia
Instruments
55+
Support Hours
24/5
Our Rating
The overall rating is based on our experts' review of regulation, fees, platforms, and support.
Why Choose LMFX?
- High leverage up to 1:1000
- Low $100 minimum deposit
- 3 account types (Fixed, Floating, Premium)
- Crypto deposits accepted
- MetaTrader 4 support
- Islamic (swap-free) accounts
What Could Be Better?
- No regulatory oversight whatsoever
- Not recommended for large balances
- No negative balance protection guarantee
- No segregated funds requirement
- MT4 only — outdated platform
- Limited instrument range (55+)
- Better regulated alternatives available at similar costs
Bonuses & Promotions
LMFX may offer periodic promotional programs. However, the broker does not publish consistent bonus programs. Traders should be cautious of bonus offers from unregulated brokers, as terms and conditions may be restrictive and there is no regulatory oversight to ensure fair treatment.
Instruments Offered
Forex, Metals, Indices, Commodities
Risk Warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. Leverage magnifies both gains and losses. Never trade with funds you cannot afford to lose. Past performance is not indicative of future results. The information on this page is for educational purposes only and does not constitute financial advice.