LMFX is an offshore and non licensed Forex broker, that opened in March 2017.
Officially owned and operated by Global Trade Partners Ltd, with Registration Number 7020600, and located in the Republic of Macedonia. Their payment services provider is: GTP Global Solutions Ltd, in Saint Vincent and the Grenadines. Contact phone number is in the United Kingdom: +44 2035192105. Customer support email is: firstname.lastname@example.org. Official website is: https://www.lmfx.com/.
For complaints and withdrawal problems, read this.
Investors at LMFX are given access to the widely used MetaTrader4 Forex trading platform. They offer the desktop software to download, along with a web based platform, and mobile apps for Android & iOS. You can create multiple demo trading accounts to test out their platform and your trading strategies.
They offer a wide variety of assets to trade including; Forex / Currency pairs, Commodities (oil, gold & silver), Indices and CFD’s for shares trading. Standard leverage available is as high as 1000:1, and the minimum deposit for a new premium trading account is $50.
Bonus money is given at this broker, and it is important you understand that bonus money limits your ability to withdraw your deposited funds. For every hundred dollar bonus you receive, you will need to trade 50 lots, before you can withdraw your money.
Is LMFX a Regulated Broker?
No, LMFX is not a licensed or regulated broker.
The way investors know if their Forex broker is not a scam, is by checking their regulatory status. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker. Forex brokers in the United States are registered with the CFTC and are members of the National Futures Association, see here.
Today there are hundreds of get rich quick scams online, and most people lose their money. For complaints and issues with withdrawing your money, read this.
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