BrokAIr Reviews

Lmfx Review

"Lmfx has a reputation for being one of the most reliable online brokerages, but many users have complained about hidden fees and poor customer service. Is Lmfx really as reliable as it claims?"

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Overview of LMFX

LMFX is an online brokerage firm founded by CEO Ilija Pavlovic and his team of experienced financial professionals. The company was established in 2015 in the Republic of Macedonia, and it provides its services to clients from around the world. It is regulated by the International Financial Services Commission (IFSC) in Belize, and it is a member of the Financial Commission (FinaCom PLC).

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Public Opinion

Overall, public opinion of LMFX is generally positive. Many traders appreciate its competitive spreads and fast execution speeds. Its customer service team is also highly praised for its responsiveness and helpfulness. However, there are some who are critical of its limited educational resources and slow deposit and withdrawal process.

News Events

In 2020, LMFX launched its new “Zero Spread” account type with extremely low spreads on major currency pairs. The company also introduced a “Social Trading” feature which allows traders to follow other successful traders and copy their trades. In 2019, LMFX won the “Best Broker in Europe” award from Global Banking & Finance Review.