LMFX Account Types

LMFX offers a variety of trading account types to cater to different trading needs and preferences. The available account types include:

• Premium Account
• Minimum Deposit: $5
• Leverage: Up to 1:1000
• Spreads: From 1 pip
• Commission: None
• Maximum Total Trade Size: 50 lots
• Maximum Number of Open Trades: 100
• Trading Instruments: Forex, metals, oil, indices, commodities, shares
• Micro Account
• Minimum Deposit: $5
• Leverage: Up to 1:1000
• Spreads: From 1 pip
• Commission: None
• Trading Instruments: Forex, metals, oil, indices, commodities, shares
• Fixed Account
• Minimum Deposit: $25
• Leverage: Up to 1:400
• Spreads: Fixed
• Commission: None
• Trading Instruments: Forex, metals, oil, indices, commodities, shares
• Zero Account
• Minimum Deposit: $15
• Leverage: Up to 1:250
• Spreads: From 0 pips
• Commission: $4 per side (total $8 round turn for standard lot)
• Trading Instruments: Forex, metals, oil, indices, commodities, shares

All account types can be Islamic accounts, allowing traders to comply with Sharia law.

LMFX Broker Account Opening Process

Opening an account with LMFX is straightforward and can be completed in a few simple steps:

• Visit the LMFX Website: Go to LMFX.
• Select Account Type: Choose the account type that best suits your trading needs from the options available.
• Complete Registration Form: Fill out the online registration form with your personal information, including your name, email address, and phone number.
• Submit Identification Documents: Provide necessary identification documents as part of the Know Your Customer (KYC) process.
• Fund Your Account: After your account is approved, fund it using one of the accepted payment methods (e.g., credit/debit card, wire transfer).
• Start Trading: Once your account is funded, you can start trading on the LMFX platform.

The entire process is designed to be user-friendly, allowing traders to get started quickly and efficiently.