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Thread: LMFX broker

  1. #1

    LMFX broker

    I am trading with another broker and want to switch to this broker to diversify my fund, this broker offer PAMM and CFDs trading. Any idea would be appreciated.


  2. #2
    Dear Forum members,

    I am an official representative of LMFX and I am here to answer any questions that you might have. I would like to say a few words about the company and the products we offer.

    LMFX offers it's clients the opportunity to trade many products, including 47 currency pairs, precious metals, oil, indices, shares and CFDs. As an online brokerage, LMFX welcomes clients from all around the world.

    Why choose us?
    * Fast execution.
    * Three different types of live trading accounts, designed to suit the needs of every trader.
    * Demo account.
    * One of a kind PAMM system.
    * A rich bonus program.
    * Multiple contests.
    * Seven trading platforms.
    * Various funding methods, including Neteller, FasaPay, Skrill, Credit and Debit Cards and Wire Transfers (more to be introduced soon)
    * Security of funds ensured by segregated accounts.

    LMFX is dedicated to making your trading as easy as possible, which is why we give our clients a state of the art customer wallet, from which you could manage your trading. Our one of a kind Queelo communication system gives you security and comfort when communicating with the company.

    LMFX's dedicated Customer Support is online 24/5 to help you and answer any questions you might have.

    Contact us:
    +44 2035192105
    [Only registered and activated users can see links. ]

  3. #3
    I am currently testing this broker with a decent premium account, its to early to judge but quite honestly its pretty promising.

  4. #4
    Editor and Chief peachy's Avatar
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    If you are in fact an official Rep, I find concern with your company. I have spent some time this morning exploring your website. I find the information that should be openly displayed missing from your site. I fail to see the company's holding name, and very little information about the owners, officers and you are very vague with information. I do not see any Registration information that is generally associated with Forex Brokers. I do not know who your Licencing board is. There is many things missing that should be disclosed in my opinion other than you are located in Macedonia and you provide Business License number. Who is the dept that issued that License number.


    Just way to little information, that most reputable companies openly provide on their websites.

    Peachy


    Quote Originally Posted by LMFX View Post
    Dear Forum members,

    I am an official representative of LMFX and I am here to answer any questions that you might have. I would like to say a few words about the company and the products we offer.

    LMFX offers it's clients the opportunity to trade many products, including 47 currency pairs, precious metals, oil, indices, shares and CFDs. As an online brokerage, LMFX welcomes clients from all around the world.

    Why choose us?
    * Fast execution.
    * Three different types of live trading accounts, designed to suit the needs of every trader.
    * Demo account.
    * One of a kind PAMM system.
    * A rich bonus program.
    * Multiple contests.
    * Seven trading platforms.
    * Various funding methods, including Neteller, FasaPay, Skrill, Credit and Debit Cards and Wire Transfers (more to be introduced soon)
    * Security of funds ensured by segregated accounts.

    LMFX is dedicated to making your trading as easy as possible, which is why we give our clients a state of the art customer wallet, from which you could manage your trading. Our one of a kind Queelo communication system gives you security and comfort when communicating with the company.

    LMFX's dedicated Customer Support is online 24/5 to help you and answer any questions you might have.

    Contact us:
    +44 2035192105
    [Only registered and activated users can see links. ]
    Peachy
    Editor and Chief

  5. #5
    Hello Peachy,

    First of all I would like to thank you for spending your time checking our company. LMFX is not trying to hide the owners of the company and in fact the owner and CEO of LMFX is actually planning to go publicly on forums and be in direct contact with everyone who is interested in LMFX and has a question about the company. The name of the CEO is Venelin Videnov. As of the license information - Forex brokers are still not being regulated by the financial regulators in Macedonia(FSC and the National Bank). The business license number is issued by the Commercial Register in Macedonia. We will do our best to be open and transparent to the public and will take a note of your suggestions.

    If you allow a registration of the CEO of LMFX he will be happy to join forum.

    Kind Regards,

    Maria B
    LMFX Official Representative

    Quote Originally Posted by peachy View Post
    If you are in fact an official Rep, I find concern with your company. I have spent some time this morning exploring your website. I find the information that should be openly displayed missing from your site. I fail to see the company's holding name, and very little information about the owners, officers and you are very vague with information. I do not see any Registration information that is generally associated with Forex Brokers. I do not know who your Licencing board is. There is many things missing that should be disclosed in my opinion other than you are located in Macedonia and you provide Business License number. Who is the dept that issued that License number.


    Just way to little information, that most reputable companies openly provide on their websites.

    Peachy

  6. #6
    Editor and Chief peachy's Avatar
    Join Date
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    Well, we will have to agree to disagree.

    I appreciate you responding to my posting, but I find that most brokers that I have investigated, are members of at least one if not both associations.

    FCA Financial Conduct Authority- UK
    NFA USA

    Then we have additional ones that are recognized

    SFC Hong Kong ASIC Australia and IIROC- Canada

    The only point I was making, They are all members to some regulatory association as a independent group, Not just a license with in the country. If you would like to expand on it, please feel free, but you speak of you are going to disclose openly.

    Why is this not information that is openly posted on the website. Your statement that he is planning to go on forums. Why is he not addressing this to his website. It is the core of your solicitation program. The virtual employee, one that is there 24 hours per day and 7 days a week. A potential client should be able to obtain this information with out ever having human contact.

    That is the point I was trying to make.

    Peachy





    Quote Originally Posted by LMFX View Post
    Hello Peachy,

    First of all I would like to thank you for spending your time checking our company. LMFX is not trying to hide the owners of the company and in fact the owner and CEO of LMFX is actually planning to go publicly on forums and be in direct contact with everyone who is interested in LMFX and has a question about the company. The name of the CEO is Venelin Videnov. As of the license information - Forex brokers are still not being regulated by the financial regulators in Macedonia(FSC and the National Bank). The business license number is issued by the Commercial Register in Macedonia. We will do our best to be open and transparent to the public and will take a note of your suggestions.

    If you allow a registration of the CEO of LMFX he will be happy to join forum.

    Kind Regards,

    Maria B
    LMFX Official Representative
    Peachy
    Editor and Chief

  7. #7
    Hello Peachy,

    Thanks for your quick response. As I said we will take a note of your suggestions and will keep you posted.

    As of the rest I will also have to agree and disagree. Not all of the Forex Brokers out there are members of the associations mentioned above. I can't speak off whether or not LMFX will join any of the mentioned associations in the future, because this is a management decision.

    Kind Regards,

    Maria B
    LMFX Official Representative


    Quote Originally Posted by peachy View Post
    Well, we will have to agree to disagree.

    I appreciate you responding to my posting, but I find that most brokers that I have investigated, are members of at least one if not both associations.

    FCA Financial Conduct Authority- UK
    NFA USA

    Then we have additional ones that are recognized

    SFC Hong Kong ASIC Australia and IIROC- Canada

    The only point I was making, They are all members to some regulatory association as a independent group, Not just a license with in the country. If you would like to expand on it, please feel free, but you speak of you are going to disclose openly.

    Why is this not information that is openly posted on the website. Your statement that he is planning to go on forums. Why is he not addressing this to his website. It is the core of your solicitation program. The virtual employee, one that is there 24 hours per day and 7 days a week. A potential client should be able to obtain this information with out ever having human contact.

    That is the point I was trying to make.

    Peachy

  8. #8
    Quote Originally Posted by paps4cash View Post
    I am currently testing this broker with a decent premium account, its to early to judge but quite honestly its pretty promising.
    What's your review on this broker, p4c? I am looking for real reviews.

  9. #9
    I cant say its a review as of yet, like i only trade a small premium account right now, its still early to say, but so far, it starts good, decent execution actually its fast, no bothered by spreads but i would say its really reasonable, been talking to chat a lot they are an active bunch. its still a long way to go. Ill keep some tabs and update as soon as i get anything new.

  10. #10
    Quote Originally Posted by paps4cash View Post
    I cant say its a review as of yet, like i only trade a small premium account right now, its still early to say, but so far, it starts good, decent execution actually its fast, no bothered by spreads but i would say its really reasonable, been talking to chat a lot they are an active bunch. its still a long way to go. Ill keep some tabs and update as soon as i get anything new.
    Thanks for info, I went through the website and noticed 3 main accounts + PAMM trading are this broker features. I am still searching for a long-term performance on this broker and maybe consider changing current broker.

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