LMFX Review 2025

Regulations: Not regulated by major financial authorities

Instruments: Forex, Commodities, Indices, Metals, Energy, Shares

LMFX provides clients with a range of account options to suit different trading needs. These include the commission-free Premium and Fixed accounts, as well as the commission-based Zero Account. The Premium Account requires a minimum deposit of $50, while the Fixed Account starts at $250, and the Zero Account at $100. Leverage options vary, with up to 1:1000 for commission-free accounts and 1:250 for the Zero Account. Additionally, an Islamic Account is available upon request. We will explore each account type, including their features and trading conditions, in more detail in the following sections.

Premium Account

The LMFX Premium Account is designed for traders seeking flexibility with no commissions and competitive trading conditions. A minimum deposit of $50 is required, making it accessible for most traders. This account offers variable spreads starting from 1 pip, with a leverage of up to 1:1000, allowing traders to maximize their market exposure. The minimum trade size is 0.01 lots, and clients can trade up to 60 lots in a single transaction. Additionally, the Premium Account provides access to flexible bonus offerings and includes the support of a personal account manager for more tailored assistance.

Zero Account

The LMFX Zero Account is designed for traders looking for low-cost trading with raw interbank spreads starting from 0.0 pips. Unlike other accounts, the Zero Account offers no mark-ups, making it ideal for scalpers or high-volume traders. A minimum deposit of $100 is required to open this account, and it charges a commission of $4 per standard lot traded. The minimum lot size is 0.01, with a maximum trade size of 100 lots. Leverage of up to 1:250 is available, offering significant market exposure. This account suits traders who prioritize cost-efficient trading strategies.

Fixed Account

The LMFX Fixed Account is ideal for traders using Expert Advisors (EAs) that require consistent, fixed spreads. This account offers fixed spreads across all instruments, providing traders with stable pricing regardless of market conditions. The minimum deposit required is $250, with a minimum lot size of 0.01 and a maximum trade size of 75 lots. Leverage is available up to 1:400, giving traders ample market exposure. In addition to flexible bonus offerings, the Fixed Account also comes with a Personal Account Manager, offering personalized support for traders looking to manage their trades with consistency and precision.

LMFX supports many ways to deposit and withdraw, including bank wires, cards, e-wallets like Skrill and Neteller, and several cryptocurrencies. Most deposits (except bank wires and cards) are instant and fee-free from LMFX’s side—check your payment provider for any extra costs. The minimum deposit is $50, so most traders can get started easily. You can withdraw using the same methods, with typical processing times of 24–48 hours. More details are below.

LMFX Deposit Options and Fees

You can add funds via bank wire, credit/debit cards, Skrill, Neteller, and a wide range of cryptocurrencies. The usual minimum deposit is $50 (crypto minimums can vary by coin). LMFX doesn’t charge deposit fees, but your bank or wallet might. Most deposits arrive instantly, so you can start trading quickly.

LMFX Withdrawal Options and Fees

Withdrawals are available by bank wire, e-wallets (Skrill, Neteller), and cryptocurrencies. Minimums: $100 for bank wire, $10 for e-wallets, and variable amounts for crypto (depends on the coin). Bank wires take about 1–3 business days. E-wallet requests made before 10:00 A.M. server time are usually processed the same business day. Crypto withdrawals made 09:00–18:00 (Mon–Fri) can be slowed by blockchain congestion. LMFX doesn’t charge fees for wires or e-wallet withdrawals; crypto fees depend on network (blockchain) costs.

LMFX has different fee setups depending on your account. You can choose spread-only accounts or commission-based accounts. For example, on EUR/USD, spread-only accounts can start from 1.0 pips, while commission accounts can have spreads as low as 0.2 pips plus a commission. Swap fees apply if you hold trades overnight, and the EUR/USD commission is about $4 per round turn. Overall, the fees are in line with industry norms. Below we break down LMFX’s trading and non-trading costs.

LMFX Trading Fees

Fees change by account type. On spread-only accounts like Premium or Micro, major pairs such as EUR/USD start from 1.0 pips. The Zero account (commission-based) offers spreads from 0.2 pips on EUR/USD plus about $4 per round turn. This mix lets you pick what suits your strategy, risk level, and trading volume. Overall, LMFX’s pricing is competitive.

LMFX Spreads

Spreads are tailored to different styles. Premium and Micro (spread-only) start at 1.0 pips on majors like EUR/USD. The Zero account can go as low as 0.2 pips on EUR/USD but adds a commission. There’s also a Fixed account for traders who want stable, fixed spreads. These options are attractive for cost-focused traders, including scalpers and high-frequency strategies.

LMFX Non-Trading Fees

Non-trading costs are generally low. No deposit fees apply, regardless of the payment method. Withdrawal fees depend on the method—bank wires may have a fee, while e-wallets like Skrill or Neteller are often free. LMFX charges an inactivity fee if your account is idle for 90 days or more, but it’s relatively small compared with many brokers. These policies help keep overall costs down.

LMFX offers a variety of bonuses and promotions designed to enhance the trading experience for its clients. A notable promotion is the 100% credit bonus on deposits between $100 and $30,000, though traders must trade 100 lots before they can withdraw the bonus. Additionally, LMFX offers a 15% recovery bonus, which can be both traded and withdrawn, providing extra support in case of losses. The broker also runs a referral program with bonuses for new client referrals. LMFX’s "Learn and Earn Contest" allows demo account users to compete for real cash prizes without risking their own funds.

Phoenix Bonus

The LMFX Phoenix Bonus is designed to help traders recover from losses by providing additional funds to continue trading. When you make your first deposit into a Phoenix Bonus Account, a percentage of your deposit is set aside as ‘pending’ funds. If your trading capital is depleted, these pending funds will be credited to your account upon making your next deposit, no matter how small. This unique bonus is aimed at giving traders a second chance, allowing them to rise again after a setback, making it a valuable safety net for high-risk strategies.

Deposit Match Bonus

The LMFX Deposit Match Bonus, also known as the 100% Credit Bonus, is designed to boost a trader's account leverage and trading volume. When clients deposit funds, LMFX matches the deposit with a 100% bonus, effectively doubling the available trading capital. This bonus can significantly increase trading opportunities, and if all volume requirements are met, the bonus amount can be withdrawn without any restrictions. To unlock the bonus, traders must meet specific trading volume conditions, making it a valuable incentive for active traders seeking to maximize their market exposure.

LMFX claims to offer comprehensive educational materials and daily market analysis as part of its services. However, the reality is less impressive. The educational content redirects users to the "Why Choose LMFX" page, while the market analysis section leads to a blog that hasn’t been updated since June 2020. The existing content offers only brief market commentary, with no in-depth analysis available. Additionally, LMFX provides seven trading calculators, but they offer limited benefits in their current form and are not integrated into the MT4 platform. Overall, LMFX falls short in delivering meaningful education and research resources.