LMFX has five different trading platforms users can choose from, depending on personal preference.
As the name suggests, the LMFX WebTrader is a web-based trading platform, so it requires no downloads or installations. You simply need an internet-connected device and you are good to go.
The MetaTrader4, commonly known as MT4, is one of the most popular trading platforms in the industry. In order to use the powerful MT4 platform you will need to download it onto your desktop. Now, even though it is considered a more professional trading platform, it can be used by absolutely anyone with its user-friendly interface. The LMFX MT4 offers 9 time frames per instrument, over 50 built-in indicators, advanced charting and analysis and multiple language options.
LMFX separates its mobile trading app into three different categories of platforms depending on the device used. All three are essentially very similar, with only a few minor differences found. Either way, with mobile trading you can easily trade on-the-go, anytime and anywhere.
This is available in the App Store and offers the same advanced tools and functionality as the regular LMFX trading platform.
The LMFX Android application requires Android OS version 2.1 or higher. There are 7 time frames available, 3 chart types and 30 popular technical indicators.
This LMFX iPad application requires iOS 5.1.1 or later versions. This can also be found in the App Store and it offers 9 different time frames, 3 chart types and 30 popular technical indicators.
LMFX has two different bonus offerings, what they call a “Phoenix Recovery” and a “Deposit Match”. Users should always be careful when it comes to bonus methods, for in most cases they will be more of a hassle than an actual “bonus”. There is a reason no regulated broker offers bonuses. You ca find the two bonus offerings LMFX has available below.
The Phoenix Recovery is a 15% recovery bonus that is applicable on a first-time deposit. When you make your first deposit with LMFX you will receive an amount of funds that are “pending” on your account. These funds reflect a known percentage of your FTD and in case you lose all your trading capital, the bonus will be placed into your trading account on your next deposit, therefore helping you rise again.
The Deposit Match is a 100% credit bonus intended to increase the trading volume of your account. If all the bonus requirements are met, the specific bonus sum is placed in your account and can be withdrawn without any limitations.
Education is an essential part of trading and it is always important for a broker to provide its users with extensive education materials to understand how trading works before they invest any money. LMFX has a few education resources available such as video tutorials, trading tools and economic calendar and market analysis. It would be even better if they offered some eBooks as well.