This LMFX review provides an in-depth look at the offshore forex and CFD broker known for its high leverage, flexible account types, and MetaTrader 4 platform support. LMFX is based in North Macedonia and operates without direct oversight from tier-1 regulators, making it more suitable for high-risk-tolerant traders seeking trading flexibility.

Regulation and Safety

LMFX is owned by Global Trade Partners Ltd, registered in North Macedonia. It is an unregulated offshore broker and does not hold licenses from the FCA, ASIC, or CySEC.

• Not regulated by any financial authority
• No investor compensation scheme
• Limited legal recourse for dispute resolution

Clients must rely solely on LMFX’s internal policies and reputation for fund protection, with no formal regulatory backing.

Execution Model and Trading Platforms

LMFX operates a No Dealing Desk (NDD) model with Straight-Through Processing (STP). Execution is available through:

• MetaTrader 4 (Windows, Android, iOS)
• WebTrader (browser-based MT4)

LMFX does not offer MT5 or proprietary platforms. FIX API is not available, and VPS services are offered through third-party arrangements.

Markets and Instruments

LMFX offers over 150 instruments across major asset classes:

• Forex: 45+ currency pairs
• Indices: US30, NAS100, GER30, UK100
• Commodities: Gold, silver, crude oil
• Shares: US and EU-listed stocks
• Cryptocurrencies: BTC/USD, ETH/USD, LTC/USD (on select account types)

Accounts, Spreads and Leverage

LMFX provides three account types with competitive conditions:

• Premium Account: Spreads from 1.2 pips, no commission, leverage up to 1:1000
• Fixed Account: Fixed spreads from 1.8 pips, no commission
• Zero Account: Raw spreads from 0.0 pips, $4 per lot commission, leverage up to 1:250

Minimum deposit is $50 for Premium/Fixed and $100 for Zero. Stop-out levels are 20–30% depending on the account.

Funding and Base Currencies

Supported deposit and withdrawal methods include:

• Bank wire
• Credit/debit cards (Visa/Mastercard)
• Skrill, Neteller
• Crypto payments (BTC, USDT)

Base currencies: USD, EUR. Deposits are usually processed within 1 business day. Withdrawals can take 2–5 business days depending on method.

Client Protections and Features

• No negative balance protection guarantee
• Segregated client funds claimed but unaudited
• 2FA login supported on client portal
• Internal risk management system for margin monitoring
• No FSCS, ICF, or audit compliance transparency

Institutional and Retail Offering

LMFX caters primarily to global retail traders. Institutional services are not available:

• No FIX API or liquidity aggregation
• No white-label or introducing broker solutions advertised
• High-leverage flexibility appeals to high-frequency retail traders

Pros and Cons

Pros

• High leverage up to 1:1000
• Low minimum deposit
• Three account types for different strategies
• Crypto and stock CFD availability
• MT4 platform for all devices

Cons

• Unregulated and offshore-based
• No investor protection or licensing
• No MetaTrader 5 or FIX API support
• Withdrawals may be delayed
• No institutional features

Frequently Asked Questions

Is LMFX regulated?

No, LMFX is not regulated by any financial authority and operates as an offshore broker.

What platforms does LMFX support?

LMFX supports MetaTrader 4 on desktop, mobile, and browser-based WebTrader.

What leverage does LMFX offer?

LMFX offers leverage up to 1:1000 on Premium and Fixed accounts and 1:250 on Zero accounts.

Is LMFX suitable for beginners?

LMFX may appeal to beginners due to its low deposit requirements but carries significant risk due to lack of regulation.

Can I trade crypto with LMFX?

Yes, LMFX offers cryptocurrency CFDs including BTC/USD and ETH/USD on certain account types.