Announcement

Collapse
No announcement yet.

LMFX Review - Forex broker for US clients.

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • guapenzyme
    replied
    *Here are some brokers with highest leverages :

    1. FXGLORY Leverage = 1:3000 ( on user demand from 1:1 to 1:3000 & 50% tradable bonus on each deposit )

    2. AAFX Trading Leverage = 1:2000 (on user demand)

    3. RoboForex Leverage = 1:1000 (on user demand)

    Leave a comment:


  • BogdanK
    replied
    Originally posted by ForexandCrypto View Post
    Though they are not regulated, are LMFX regulated?
    Nope, LMFX is not regulated for broker. According to this review,
    The company is operated by the Global Trade Partners Ltd. based in Kingstown, Saint Vincent and the Grenadines. They also provide the regulation number, so the broker is registered offshore.
    As a result, it's not regulated forex broker.

    Leave a comment:


  • ForexandCrypto
    replied
    Originally posted by RenkoGuy

    Are you an employee there ? Its getting a bit silly now to promote a bucket shop broker.
    An employee? No. But ok I get your point, just trying to make conversation.

    Leave a comment:


  • ForexandCrypto
    replied
    Though they are not regulated, are LMFX regulated?

    Leave a comment:


  • ForexandCrypto
    replied
    Are people still using LMFX? I prefer Hugosway(as I have said)

    Leave a comment:


  • kylera
    replied
    Hello, I am going to sign up with LMFX in the coming days. Would you all suggest the premium account? And are you able to withdrawal your deposit amount and profits? And are debit card and credit card services always down?

    Thank you,

    Kyle

    Leave a comment:


  • LogicaLucidity
    replied
    Just to let everyone know, my funds were deposited into my account today.

    I requested the withdrawal on the 23rd of May.

    They called the very next day to verify the request and emailed asking for a bank statement.

    On the 28th of May they sent me an email detailing that the withdrawal had been completed.

    Yesterday. June 6th, I received just under half of my funds.

    Today, June 7th, I received the rest of my funds.

    I did not ask them why they split the withdrawal into separate transactions.

    From experience, anything over $10k might get flagged and it is easier to split things into smaller transactions.

    So, from request to deposit, it took only 11 business days.

    That is really good in my book.

    LL
    Last edited by LogicaLucidity; 06-08-2018, 02:18 AM.

    Leave a comment:


  • LogicaLucidity
    replied
    Originally posted by Nick View Post
    The fact they're calling you to find out why you're withdrawing money is also a positive in my book, it shows they want to keep you as a client
    I agree Nick. It may have read as though I was irritated that they called. That's not the case.

    I rather appreciate when a broker makes the extra effort and wants to confirm changes made within my account.

    I have not had any issues with LMFX in any way. They have been first class.

    Personally, I'm not in a hurry to receive the funds.

    When the money hits my bank I will let everyone know.

    LL
    Last edited by LogicaLucidity; 05-26-2018, 12:49 AM.

    Leave a comment:


  • Nick
    replied
    Originally posted by LogicaLucidity View Post
    Just to document the process LMFX goes though:

    This morning I received a phone call from LMFX Asking why I made a withdrawal request.

    You have to give them a reason when filling out the form so I do not know why I would be getting this call.

    I also received an email from LMFX about my Withdraw Request (Seen Below)




    This has probably burned up two days.

    Now that I have done this, we will wait and see how long it takes to get the cash.

    LL
    Thanks for the feedback LL, it's not that uncommon to ask for a bank statement from a broker.

    The fact they're calling you to find out why you're withdrawing money is also a positive in my book, it shows they want to keep you as a client

    I really appreciate you offering your personal experience dealing with then, so please keep us in the loop.

    Leave a comment:


  • LogicaLucidity
    replied
    Just to document the process LMFX goes though:

    This morning I received a phone call from LMFX Asking why I made a withdrawal request.

    You have to give them a reason when filling out the form so I do not know why I would be getting this call.

    I also received an email from LMFX about my Withdraw Request (Seen Below)

    Dear -------------

    I am writing you regarding your pending withdrawal request via Wire Transfer.

    Please note that our Anti-Money Laundering department is requesting that you provide us with a bank statement of the account you wish your funds be transferred to in order for us to proceed with the payment. Your name, address and the account number should be visible. The statement is requested only on the first withdrawal to the bank account and is used for verification purposes.

    You can send your document directly to backoffice@lmfx.com

    In the event that you have any questions, do not to hesitate to contact us.

    This has probably burned up two days.

    Now that I have done this, we will wait and see how long it takes to get the cash.

    LL

    Leave a comment:


  • LogicaLucidity
    replied
    Originally posted by JerBear67 View Post
    Has anyone made Profit withdraws from your LMFX account? How was the process? how long did it take?...Thanks for any help. Jerry
    I am making my first Withdrawal today. The automated response stated:

    Dear Client,

    Your withdrawal request has been submitted.

    Please note that withdrawals via credit/debit card and wire transfer can take up to 2-10 working days (depending on your bank), all the withdrawals via e-wallets and credit cards submitted before 8am GMT are processed on the same day between 8am GMT and 4pm GMT

    As soon as your withdrawal is processed you will receive a confirmation email.

    For further inquiries please do not hesitate to contact backoffice@lmfx.com.

    Best Regards,

    The LMFX Team
    I will update this thread once I actually receive my withdrawal for reference.

    Originally posted by JerBear67 View Post
    ...I think I want to fund my account with netteller or should I wire the money. I am in the USA. Thanks for any help. Jerry
    As for deposits, I have only ever made deposits via Wire Transfer. I have always felt more comfortable going directly though my bank.

    LL
    Last edited by LogicaLucidity; 05-24-2018, 06:03 PM.

    Leave a comment:


  • JerBear67
    replied
    Has anyone made Profit withdraws from your LMFX account? How was the process? how long did it take? I think I want to fund my account with netteller or should I wire the money. I am in the USA. Thanks for any help. Jerry

    Leave a comment:


  • LogicaLucidity
    replied
    Last edited by LogicaLucidity; 05-09-2018, 07:27 PM.

    Leave a comment:


  • blsturgeon
    replied
    LMFX has been good. The only complaint I have had was an wiring funds to my bank account here in the USA. It took 19 business days. But I did get the funds

    Leave a comment:


  • LogicaLucidity
    replied
    Originally posted by LogicaLucidity View Post
    Heads up...

    LMFX has yet again changed their Wire Transfer info:

    Company name: Petrus Trade LLC
    ...
    The new Bank changes are a breath of fresh air.
    My LMFX wire deposit went through in 48 hours.
    Very nice.

    LL



    Leave a comment:

Working...
X