LMFX: accounts, costs and trading conditions

All four offer USD/EUR base currencies and a 50-lot aggregate FX limit. Maximum open FX trades are 100 on Premium/Micro, 150 Fixed and 200 Zero. Micro covers FX/metals only. Minimum-deposit fields read 5, 5, 25 and 15 respectively, without a currency beside those values; payment-method minima are separate.[2]

The website excludes US, UK and Japanese residents, alongside other locally restricted jurisdictions. Availability therefore depends on residence and the entity actually accepting the application.[18]

View full spreads & trading costs

The share catalogue still contains labels such as Twitter, Facebook and British Airways. Its table should not be read as confirmation that every named contract is currently tradeable. Check the live terminal symbol and specification before relying on a listing.[7]

Commodity expiry dates and sessions are contract-specific. The website directs traders to product information for expiry and deletes commodity pending orders around market breaks or the daily close. These are material differences from leaving a conventional stock order open indefinitely.[8]

For one standard EUR/USD lot in a USD account, 1.5 pips × USD10 per pip gives USD15 of spread cost. This illustration excludes financing, slippage and conversion. Zero’s separate commission must also be added when assessing that account.[3]

The swap policy credits or debits overnight positions at 21:00 GMT and applies Wednesday triple rollover to FX. Instrument pages control other conventions: indices specify Friday triple financing, while shares and metals specify Wednesday. Product-specific dividend adjustments can also affect the account.[9][6][7][4]

Published oil swap cells currently show zero, but the energy page also describes overnight financing. Those cells do not establish a permanent swap-free oil product. UK oil has a longer listed daily break than US oil; gas has its own charges and contract size.[5]

Islamic accounts require an application and eligibility based on faith. Only FX, metals and oil qualify. Positions receive up to seven swap-free days, then a daily carry charge whose amount is not stated here. Clients cannot combine Islamic and ordinary accounts; suspected abuse can trigger revoked status, reclaimed swaps or account closure.[11]

After 90 calendar days without login, an account is archived, not terminated; restoration is manual through Wallet account management.[10]

The terms describe a market-making execution venue, potentially the company itself. Quotes do not guarantee a fill; erroneous prices and latency-arbitrage transactions can be corrected or cancelled. A spread floor therefore says little about the price available during a gap.[11]

FX runs Monday 00:05–Friday 23:59 EET/EEST. The page warns that insufficient liquidity can prevent execution between 23:55 and 00:15 server time.[3]

US share sessions are published as 16:31–22:55 and UK sessions as 10:01–18:25 EET/EEST. Share pending orders are deleted after daily breaks/close, and UK share prices use pence. The relevant terminal schedule remains necessary for holidays.[7]

Mobile order controls do not establish that a desktop Expert Advisor, trailing rule or custom indicator continues running after that computer disconnects. The published mobile walkthrough documents manual controls; it is not a promise of feature parity across devices.[19]

Withdrawals require verification, available free margin and normally the original funding route. Contract processing: three business days. Trading fewer than three lots per deposit can trigger an unspecified withdrawal fee; third-party fees remain.[10]

Closure requires written notice and settlement of positions and liabilities. The broker can retain necessary funds and pays the remaining balance with a closing statement.[10]

The deposit table does not establish complete withdrawal minima, method fees or receipt times. Likewise, the reviewed documents do not establish a standard incoming or outgoing transfer of open positions. Bonus rules specifically treat an internal account transfer as a withdrawal for credit-removal purposes.[12][15]

LMFX describes pooled client accounts kept separate from company funds. Its security document says liquidation distributions are reduced by administration and distribution costs. This is a company description of segregation, not an independently verified client-money audit or a named deposit-insurance promise.[13]

No named compensation fund or insured per-client limit is established by that document. Multiple banks and payment gateways diversify providers but do not themselves create compensation eligibility.[13]

Clause 15.5 promises to settle stop-out-generated negative balances; it is a contractual undertaking, not statutory insurance.[10]

The homepage advertises 24/5 support. No dedicated emergency dealing line, authentication procedure or guaranteed telephone-execution window was established. General customer support should not be assumed to accept executable orders during a platform outage.[1][20]

Platform transaction reports are available; printed reports can be requested. The agreement sets a two-business-day objection window.[10]

LMFX advertises VPS hosting for USD20 monthly or free with a USD5,000 deposit, including EA hosting. Ongoing eligibility and resource limits were not fully specified.[1]

Terms prohibit AI-analysis software applied to the company’s system/platform. That restriction should be read alongside advertised EA hosting; permission for every algorithm or API cannot be inferred.[11]

A limited power of attorney permits an appointed agent to trade, but not to withdraw to third parties or terminate the client’s contract. Revocation requires written notice received and accepted by LMFX. The client must appoint a replacement or explicitly assume control; otherwise the broker may close or settle remaining trades. Revocation does not erase earlier liabilities.[14]

Deposit Match and Phoenix remain advertised. Their linked terms distinguish margin credit, pending entitlements and cash that has actually become withdrawable.[17]

Phoenix initially records a pending entitlement equal to 15% of the first deposit, including eligible deposits before the first trade. Activation requires the account balance to reach zero or fall below the “reload amount”, followed by another deposit. The terms do not clearly define that reload threshold. After the conditions are met, release is within 24 hours and the funds become withdrawable. A prior withdrawal cancels the pending entitlement; only one account qualifies. Its extensive country exclusions must be checked before treating it as available. The company reserves change/removal rights.[16]

Independent financial authorisation for the MT4 counterparty was not established. The footer separates other group services from Live Markets’ claimed regulated activities. Corporate registration and that crypto-company claim do not establish a verified licence for the main CFD account.[1]

The linked terms use older Skopje addresses and the agreement uses a different registration-style identifier. No verified transfer notice resolves those differences. The entity and dated terms supplied at onboarding therefore matter more than treating every visible group document as interchangeable.[11][10]