LMFX offers three account types to cater to traders with different approaches and capital requirements. All the accounts offer fifth-decimal pricing, access to MT4, and mobile trading.
LMFX at a Glance
| 🔎 Broker's Name | LMFX |
| 📍 Headquartered | Macedonia |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | Not regulated by reputable authorities |
| 🌐 Countries not accepted for trade | United States, United Kingdom, Japan |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:1000 on the Premium account, 1:400 on the Fixed account and 1:250 on the Zero account |
| 💰 Minimum Deposit | $50 / R 795,07 |
| 💳 Deposit Options | Wire Transfer, Credit Card, Skrill, Neteller, Vload, Fasapay |
| 💳 Withdrawal Options | Wire Transfer, Credit Card, Skrill, Neteller, Vload, Fasapay |
| 💻 Platform Types | MT4 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, CFDs, indices, shares, commodities |
| 👨💼 Languages supported on Website | English, Spanish, Portuguese, Japanese |
| 👥 Customer Support Languages | English, Spanish, Portuguese, Japanese |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 50
Regulators
Not Regulated
Trading Platform
MT4, WebTrader
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LMFX Account types – 11 key points quick overview:
LMFX at a Glance- LMFX Account types – 11 key points quick overview:
- LMFX Overview
- LMFX Account Types
- LMFX Account Features
- LMFX Demo Account
- LMFX Islamic Account
- LMFX Customer Reviews
- LMFX Pros and Cons
- Conclusion
- Frequently Asked Questions
LMFX Overview
LMFX is a financial stock and forex broker founded in 2015 and situated and registered in the Republic of North Macedonia.
The broker offers MT4 trading with high leverage rates to clients.
LMFX is an innovative online foreign exchange broker that offers advanced institutional and retail trading conditions to a global audience. LMFX has taken on clients in locations throughout the world, from Europe to Canada and Australia.
LMFX separates itself through its highly leveraged forex trading services.
LMFX provides a comprehensive range of mobile and desktop MT4 platforms to ensure that clients never miss a market movement. Its MT4 trading platform can be downloaded to both Windows and Mac computers from LMFX’s website once a client has completed an account registration. MT4 WebTrader, the browser-based version of MetaTrader 4, provides clients with a more readily accessible platform that requires no download and offers most of the functionality of the desktop client while logging in from any computer with a browser.
LMFX offers a fair range of tradeable instruments, including spot prices on currency pairs and metals as well as several CFD markets. A total of 48 forex pairs can be traded, comprising 7 major pairs, 21 minors, and 20 exotics. There are 5 CFDs on commodities made up of metals and agricultural goods, 3 energy CFDs, 4 precious metal pairs, including gold, and 9 global stock indices. There are also 36 stock CFDs, made up of 15 NYSE shares, 11 NASDAQ stocks, and ten assets from the London Stock Exchange.
LMFX is an unregulated broker that is opting for high-risk, high-reward services that are otherwise restricted by regulatory bodies. LMFX offers rates as high as 1:1000, increasing market exposure and profit potential.
The broker does present some legal documentation and information on its website, something usually indicative of a trustworthy broker, but signing up to unlicensed providers is hardly ever recommended. The risks of scams are considerably higher and clients that encounter deposit and withdrawal problems or other issues will have limited legal options.
LMFX claims to deliver a trading experience that offers traders the most competitive trading conditions available to trade Forex and CFDs on Commodities, Indices, and Shares.
In addition to an advanced trading environment, clients also have full access to some educational resources via the LMFX Education Centre and advanced trading tools designed to improve trading performance.
LMFX delivers fast execution and deep liquidity to automated withdrawals of trading profits and ensures funds are deposited securely in segregated accounts.
Support is available 24 hours a day, 5 days a week to help clients with their trading needs.
LMFX Account Types
LMFX offers three account types to cater to traders with different approaches and capital requirements. The Premium account is best suited to standard trading strategies and less-experienced traders.
The Fixed account is good for automated trading using expert advisors and the Zero account is best for scalping and high-volume trading. The minimum deposit required to open the account is only $50.
All the accounts offer fifth decimal pricing, access to MT4 and mobile trading, as well as a personal account manager. LMFX however does not offer Islamic swap-free accounts.
LMFX Account Features
📍LMFX Premium Account
| 💻 Platform | MetaTrader 4, WebTrader |
| 🆓 Demo account | Yes |
| 💰 Minimum Deposit | $50 / R 795,07 |
| 🎉 Flexible bonuses | Yes |
| 📈 Leverage | Up to 1:1000 |
| 📊 Managed Accounts | No |
| 📌 Spreads | from 1 pip |
| 💳 Commission | $0 |
| 📈 Trading instruments | Forex, CFDs, indices, shares, commodities |
📍LMFX Fixed Account
| 💻 Platform | MetaTrader 4, WebTrader |
| 🆓 Demo account | Yes |
| 💰 Minimum Deposit | $250 / 4000 |
| 🎉 Flexible bonuses | Yes |
| 📈 Leverage | of 1:400 |
| 📊 Managed Accounts | No |
| 📌 Spreads | Fixed spreads |
| 💳 Commission | $0 |
| 📈 Trading instruments | Forex, CFDs, indices, shares, commodities |
📍LMFX Zero Account
| 💻 Platform | MetaTrader 4, WebTrader |
| 🆓 Demo account | Yes |
| 💰 Minimum Deposit | $100 / R 1597 |
| 🎉 Flexible bonuses | Yes |
| 📈 Leverage | of 1:250 |
| 📊 Managed Accounts | No |
| 📌 Spreads | Raw spreads |
| 💳 Commission | $4 / R64 |
| 📈 Trading instruments | Forex, CFDs, indices, shares, commodities |
Min Deposit
USD 50
Regulators
Not Regulated
Trading Platform
MT4, WebTrader
Crypto
No
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LMFX Islamic Account
LMFX does not offer traders who follow the Sharia law the option of an Islamic Account.
Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
LMFX Demo Account
📍 LMFX offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
Traders who want to evaluate and compare brokers would like to explore LMFX’s trading conditions in a risk-free environment.
Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
LMFX Islamic Account
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
LMFX Customer Reviews
LMFX has always been at the top of my list as the best FX broker out there. Being in the USA I appreciate their kind and friendly service but especially their high-leverage account. I’ve been a customer of LMFX for about 7 years so I know of which I speak. I can guarantee you your money is safe with LMFX.
In Dec of 2025, I started trading with LMFX mainly focusing on joy and AUD pairs, trading the Asian market, starting with a mid-sized premium account I. overall I would describe trading with LMFX as simple and easy, in July I hit my ROI and made my first pure profit by the end of OCT 2025, I am a part-time trader still learning, most trades are done on mt4, I use different charting software, stable servers, good execution time, I don’t scalp much but so far I’m satisfied with the results.
A lot of the low reviews seem to stem from misunderstandings, and you really do have to read through the boring stuff to understand how the bonuses work, etc. This is a pretty good forex provider, their odd deposit options seem to have improved since last I tried it months ago.
I’ve yet to make any profit, I’ve only lost money, but I never felt it was due to LMFX or shady practices (Other than markets being rigged which everyone knows), I’m just a terrible trader lol. Don’t bet against the trend like I did 😛
LMFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Automated trading supported | Limited educational resources available |
| Bonuses and deals offered | No cryptocurrency and Bitcoin trading |
| Demo accounts can be opened | No hedging allowed |
| Demo contest with cash prizes | No Islamic accounts are available |
| Fixed spreads available | Unregulated and offshore broker |
| High leverage rates offered | |
| Minimum deposit of only $50 | |
| Negative balance protection provided |
Conclusion
LMFX offers three account types to cater to traders with different approaches and capital requirements. All the accounts offer fifth decimal pricing, access to MT4 and mobile trading, as well as a personal account manager.
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Frequently Asked Questions
How many instruments can I trade with LMFX?
You can trade several different instruments with LMFX, which include the following:
- Forex
- CFDs
- Indices
- Shares
- Commodities
Does LMFX offer leverage?
Yes, LMFX offers maximum leverage of up to 1:1000 on the Premium account, 1:400 on the Fixed account, and 1:250 on the Zero account.
What spreads can I expect with LMFX?
LMFX offers spreads from 1.1 pips.
Does LMFX charge commission?
There are no commissions charged for Premium and Fixed account holders, but Zero accounts come with a $4 per lot commission.
What is the overall rating out of 10 for LMFX?
The overall rating is 5/10.
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