LMFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
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 Demo account – 8 key points quick overview:
LMFX at a Glance- LMFX Demo account – 8 key points quick overview:
- How to set up an LMFX Demo Account – Step by Step
- LMFX Demo Account Features
- LMFX Customer Reviews
- LMFX Pros and Cons
- Conclusion
- Frequently Asked Questions
How to set up an LMFX Demo Account – Step by Step
To register and set up a demo account with LMFX, traders must visit the website and follow the simple steps.
LMFX offers a demo account with unlimited usage, allowing traders to test new algorithms and strategies. To register for, and set up a demo account with LMFX, traders must visit the website and follow the simple steps. Once you have registered your details, you will receive your login credentials and can start trading.
Step 1 – Open Your Account
- Navigate to the LMFX homepage
- Click on the demo account button at the top left of the page
Step 2 – Fill out the form
- Ensure that you have your email address and ID ready
- Select the country of residence and your currency, if applicable
- Choose that you want to try a demo account
- Provide basic personal information requested
- Proceed through the KYC process if needed and get approved
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what LMFX has to offer.
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 Demo Account Features
LMFX’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
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 Islamic accounts are available |
| Demo accounts can be used unlimited | Unregulated and offshore broker |
| Demo contest with cash prizes | |
| Minimum deposit of only $50 |
Conclusion
LMFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like LMFX is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customer’s own real money.
Does LMFX offer a demo account?
Yes.does offer a Demo account
How long is the demo account valid?
The demo account can be used unlimited.
Which live trading accounts does LMFX offer?
- Premium Account
- Fixed Account
- Zero Account
Is the LMFX demo account rigged?
LMFX demo accounts are not rigged.
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