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Thread: LMFX discussion

  1. #71
    qtv
    qtv is offline Junior Member
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    Quote Originally Posted by andengireng View Post
    I want to try LMFX services, but the minimum deposit is $50, with minimum Reload Deposit $25, it is a big amount for me, I can trade in another broker only with $1-$5 minimum and they offer me some bonuses, I think that I am a trader, it is up to me what amount I will spent to trade.
    Can you share the name of your broker? It really smells scam broker with only a few bucks deposit with bonus.

  2. #72
    tama is offline Senior Member
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    well i guess some brokers do offer less, but honestly speaking what can one do with a 1-5usd deposit? its only good for testing in my opinion. but who knows

  3. #73
    frienndforever is offline Senior Member
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    I heard some brokers offering cent account with 1-10$ deposit, But the minimum trading lot is 0.01 leading the leverage must be super high, of course such positions would close out after slight different price movement.

  4. #74
    tama is offline Senior Member
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    hahaha yeah thats plausible, cent account with high lot sizes, thats crazy

  5. #75
    frienndforever is offline Senior Member
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    Quote Originally Posted by tama View Post
    hahaha yeah thats plausible, cent account with high lot sizes, thats crazy
    It's reason many brokers require high initial deposit from 150 or 200$, with minimal trading lot from $0.01, those such deposits could keep positions opening under hundred pips movements.

  6. #76
    Stive Welson is offline Member
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    As forex is an over the counter market along with good earning potential there are some trading challenges that a currency exchange trader needs to consider. Non regulated broker can be great threat for any forex trader as being an over the counter market forex has no fixed monitoring authority that will give him full safety of capital. So, it is your responsibility to check whether the broker you have mentioned is regulated and experienced or not.

  7. #77
    tama is offline Senior Member
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    yeah i believe that to be, i mean the requirements for initial deposits vary and the conditions differ, it could be smaller deposits are ment for testing, while some higher min deposits are due to local regulations for instance, US traders have a different min deposits from EU traders or asian traders etc.

  8. #78
    Forex-Master is offline Junior Member
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    I have been with LMFX since the beginning. It's been about 2 years now. They are great and I highly recommend them!
    https://www.forex.zone/index.php?action=refferals;refferedby=557

  9. #79
    frienndforever is offline Senior Member
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    Looks like you've earned profit with this broker, any other advantages?

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