LMFX Review 2026
Established in 2015
•
North Macedonia
• FSC Regulated
LMFX offers forex and CFD trading services with a 3.5/5 rating. Regulated by FSC, this broker offers spreads from 1.0 pips on EUR/USD with a minimum deposit of $50. Trade 100+ instruments including forex, CFDs, and more.
📊 LMFX Overview
LMFX (LMFX Ltd) is a well-established broker founded in 2015 headquartered in Skopje, North Macedonia. The broker operates under the supervision of FSC .
With access to 100+ tradable instruments including 48 forex pairs , 5 cryptocurrencies , and various indices, LMFX caters to diverse trading strategies.
| Legal Name | LMFX Ltd |
|---|---|
| Founded | 2015 |
| Headquarters |
Skopje, North Macedonia
|
| Primary Regulation | FSC (Tier 3 - Basic) |
| Instruments | 100+ assets |
| Min Deposit | $50 |
| Max Leverage | 1:1000 |
📖 LMFX — In-Depth Introduction
Operating since 2015, LMFX has developed a solid reputation over its 11-year history. While LMFX is regulated by FSC, this offshore jurisdiction offers more limited investor protections compared to tier-1 regulators like the FCA or ASIC. With a $50 minimum deposit requirement, LMFX removes barriers to entry for new traders.
Company Background
LMFX (legally LMFX Ltd) has been operating in the financial services industry for 11 years. Headquartered in Skopje, North Macedonia, the broker has established a solid track record through various market conditions.
The broker provides access to 100+ tradable instruments.
💸 LMFX Fees — Complete Cost Analysis
LMFX offers competitive trading costs that will appeal to cost-conscious traders. The 1.0 pip spread on EUR/USD is below the industry average, providing good value. There are no commission fees on LMFX's standard accounts. All trading costs are embedded in the spread, making it straightforward to calculate your expenses. Consider this cost analysis: with 1.0 pip spreads, each standard lot trade on EUR/USD costs $10 in spread. An average retail trader making 50 trades monthly would spend approximately $500 on spreads.
Trading Costs Breakdown
💡 Cost Calculator: LMFX
Non-Trading Fees
| Fee Type | LMFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is LMFX Safe? — Complete Security Analysis
LMFX's 48/100 safety rating is below our recommended threshold. We advise thorough due diligence before committing significant funds. Fund protection at LMFX may be more limited than tier-1 regulated brokers. We recommend not depositing more than you can afford to lose.
Regulatory Framework
Limited investor protection. Exercise caution and only invest what you can afford to lose.
Security Features Checklist
Understanding the Trust Score
Our 48/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use LMFX?
✅ Best For
- Beginners will appreciate LMFX's low $50 minimum deposit, free demo account, and educational resources. The learning curve is manageable, making it suitable for those just starting their trading journey.
- Muslim traders can benefit from LMFX's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on LMFX
LMFX is a decent option worth considering with a 3.5/5 rating.
📈 LMFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how LMFX performed in our rigorous testing:
LMFX is a decent choice but has areas that could be improved.
💰 LMFX Fees & Spreads
Understanding trading costs is crucial for profitability. LMFX uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.0 pips — competitive compared to industry average.
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 1.0 | 1.0 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with LMFX:
- Spread Cost: 1.0 pips × $10/pip = $10.0
- Commission: $0
- Total Cost: $10.0 per lot
🛡️ LMFX Regulation & Safety
LMFX is regulated by FSC, a Tier 3 - Basic regulatory authority. While regulated, traders should be aware that offshore regulation may offer less protection than tier-1 jurisdictions.
📜 Regulatory Licenses
- FSC North Macedonia
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 48/100
Lower Trust: Exercise caution and verify all regulatory claims independently.
🖥️ LMFX Trading Platforms
LMFX offers 2 trading platforms, giving traders flexibility in how they access the markets. Mobile apps are also available for iOS and Android.
MetaTrader 4
The world's most popular forex platform. Ideal for beginners and algo traders with Expert Advisor support.
- ✓ Expert Advisors (EAs)
- ✓ Custom Indicators
- ✓ One-Click Trading
- ✓ Mobile & Desktop
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✓ | ✗ | ✗ |
| Copy Trading | ✗ | ✗ | ✗ |
| Algo Trading | ✓ | ✗ | ✗ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 LMFX Tradable Instruments
LMFX offers access to 100+ tradable instruments across multiple asset classes. This includes 48 forex pairs , 5 cryptocurrencies .
👤 LMFX Account Types
LMFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Not available
💳 LMFX Deposits & Withdrawals
LMFX requires a minimum deposit of $50 — one of the most accessible in the industry.
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ LMFX Pros & Cons
✅ Pros
- Competitive spreads with average 1.0 pips on EUR/USD
- Regulated by FSC with investor protection
- Free demo account available for practice
- Low minimum deposit of just $50 makes it accessible
- Negative balance protection for retail traders
- Swap-free Islamic accounts available
❌ Cons
- Offshore regulation offers less protection than tier-1 jurisdictions
- No copy trading feature
- Limited educational resources for advanced traders
📚 LMFX Education & Research
LMFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 LMFX Customer Support
LMFX offers customer support to assist traders with their queries.
⭐ LMFX User Reviews
📝 User reviews will be displayed here. Share your experience with LMFX!
Write a Review🏆 LMFX — Our Verdict
LMFX is a decent broker with some limitations. With FSC regulation, 1.0 pips EUR/USD spreads, and a $50 minimum deposit, this broker is particularly accessible for beginners .
Best for: Beginners with limited capital
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ LMFX — Frequently Asked Questions
Is LMFX a safe and regulated broker?
Yes, LMFX is regulated by FSC, which is a Tier 3 - Basic regulatory authority. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at LMFX?
The minimum deposit at LMFX is $50. This is considered low and accessible for beginners.
What trading platforms does LMFX offer?
LMFX offers the following trading platforms:
- MetaTrader 4 (MT4) — The most popular forex trading platform
- Web Platform — Trade directly from your browser
- Mobile Apps — Available for iOS and Android
What are LMFX's spreads on EUR/USD?
LMFX offers EUR/USD spreads with an average of 1.0 pips. The broker uses Variable spreads.
How long do withdrawals take at LMFX?
Withdrawal processing times at LMFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does LMFX offer a demo account?
Yes, LMFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is LMFX's maximum leverage?
LMFX offers maximum leverage of 1:1000. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:1000 may be available
Higher leverage increases both potential profits and potential losses.
Can I use LMFX in ?
LMFX accepts traders from . The broker operates under FSC regulation. Always verify current availability and applicable regulations on the broker's website.
Does LMFX offer Islamic (swap-free) accounts?
Yes, LMFX offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact LMFX's support to request an Islamic account.
What instruments can I trade with LMFX?
LMFX offers access to 100+ tradable instruments:
- 48 Forex currency pairs
- 5 Cryptocurrencies
- 8 Index CFDs
- 8 Commodities
