Donna Forex Forum

Brokers => Brokers => Topic started by: donnaforex on March 07, 2017, 06:21:35 PM

Title: LMFX
Post by: donnaforex on March 07, 2017, 06:21:35 PM
This broker was brought to my attention via PM.

https://www.lmfx.com

If anyone has experience trading with them, please share.
Title: Re: LMFX
Post by: hardforex on December 18, 2017, 10:09:10 AM
How does this broker regulate and other notes?
Title: Re: LMFX
Post by: hardforex on January 15, 2018, 08:22:45 AM
No one trading with this broker? I read feedback from review sites and this look worthy to trade but still looking for a detail review from Donna member.
Title: Re: LMFX
Post by: Xavier cha on September 19, 2018, 09:26:54 AM
I opened an account on LMFX. I transfered 200 dol via credit card. I tried an EA. The EA wasn't satisfying. No problems with LMFX.
Then i invested in a pamm managed by ousidethebox hk with Mt cook. As it is profitable at this point, i decided to try his high risk with a little amount. It as to be done on LMFX as i m under ESMA regulation.
A wanna do a wire transfer to have less fees, and they asked me to ma the wire transfer to rotor compagnie in Kyrgyizstan and to sign an invoice for "LLC “ ROTOR DEVELOPMENT”"  for software service. This way they will credit my account. SOooo shady.
Title: Re: LMFX
Post by: ichamp on July 02, 2019, 12:46:25 PM
Mostly EAs are coded technically to follow the technical analysis so they might requires monitoring during the times when the markets become unpredictable so better if we check their manual before implementing them to live trading accounts.
Title: Re: LMFX
Post by: TR4DEX on July 02, 2019, 04:10:09 PM
Mostly EAs are coded technically to follow the technical analysis so they might requires monitoring during the times when the markets become unpredictable so better if we check their manual before implementing them to live trading accounts.

What does this have to do with LMFX?
Title: Re: LMFX
Post by: hardforex on November 05, 2019, 06:25:49 PM
I opened an account on LMFX. I transfered 200 dol via credit card. I tried an EA. The EA wasn't satisfying. No problems with LMFX.
Then i invested in a pamm managed by ousidethebox hk with Mt cook. As it is profitable at this point, i decided to try his high risk with a little amount. It as to be done on LMFX as i m under ESMA regulation.
A wanna do a wire transfer to have less fees, and they asked me to ma the wire transfer to rotor compagnie in Kyrgyizstan and to sign an invoice for "LLC “ ROTOR DEVELOPMENT”"  for software service. This way they will credit my account. SOooo shady.

Seems no problem so far from LMFX and from I know this broker doesn't have PAMM or provided but it's stopped so far.
Title: Re: LMFX
Post by: ichamp on November 22, 2019, 10:54:41 AM
Mostly EAs are coded technically to follow the technical analysis so they might requires monitoring during the times when the markets become unpredictable so better if we check their manual before implementing them to live trading accounts.

What does this have to do with LMFX?

This does not have to do with the lmfx but above my post i guess you haven't had seen the software/signals post. Please go through the topic one more time to check if there is any relevancy or not. thanks
Title: Re: LMFX
Post by: hardforex on March 13, 2020, 02:22:39 PM
Seems this broker accepts U.S trader, I read many US reviews on rating sites. If a broker can operate in US, is it more trustful than others or we can trust it more?
Title: Re: LMFX
Post by: pinoytrader on March 30, 2020, 09:31:07 AM
i guess that one way to look at it, but with US based brokers, i think the conditions would differ a lot. can say for sure since im not from there.
Title: Re: LMFX
Post by: ichamp on April 01, 2020, 04:52:09 PM
I guess US has more legal complications so the broker might have to be little bit vigilant all the times.
Title: Re: LMFX
Post by: donalduck on July 03, 2020, 11:05:36 AM
from my POV, everything is accepted in US would be more trustful in my eye.
Title: Re: LMFX
Post by: Byte on July 03, 2020, 12:54:15 PM
I would note that it does not seem like lmfx is regulated in the USA. So they seem to be one of the brokers that are not regulated (or very little regulated) in a region where the country in which they are regulated does not enforce the US rules (most countries seem to do that by now, to avoid conflict with the US).
LMFX might be a good broker, but do not base that judgment on the regulation.
If I am mistaken in how I read the site, please correct me.
Title: Re: LMFX
Post by: hardforex on March 03, 2021, 06:36:26 PM
Sounds legit but actually this broke is reliable. A group of trader on Telegram experienced this broker and no hassles so far.
Title: Re: LMFX
Post by: pinoytrader on May 22, 2021, 02:20:26 PM
I would note that it does not seem like lmfx is regulated in the USA. So they seem to be one of the brokers that are not regulated (or very little regulated) in a region where the country in which they are regulated does not enforce the US rules (most countries seem to do that by now, to avoid conflict with the US).
LMFX might be a good broker, but do not base that judgment on the regulation.
If I am mistaken in how I read the site, please correct me.

yeah, they are this broker that just right in the middle, and they have proven to be legit, though at the same time able to provide services to US traders seeking higher leverage i think they do have a good rep so far
Title: Re: LMFX
Post by: ichamp on July 23, 2021, 04:16:13 PM
All i can say is that there are many bad examples in the past where even regulated brokers ran away right over the night, so regulations does not matters i guess what matters the most is the reputation and this broker has good reputation in my opinion.