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LMFX Review {year} | Information about LMFX Forex Broker - BrokersView
LMFX Review {year} | Information about LMFX Forex Broker - BrokersView

Operating status: SCAM

Website: https://www.lmfx.com/

Broker violations and abnormal records
  • 2021-06-20 BrokersView has reviewed that LMFX is an unregulated forex broker
    BrokersView found LMFX is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    BrokersView found LMFX is currently not regulated or not overseen by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

Related Complaints

Q&A

LMFX regulated or not?

hotskyforex
Honduras
2023-04-06
ANSWER LMFX is an unlicensed broker despite claiming to be a reliable one and offering seemingly attractive deals.LMFX claims to be registered in Saint Vincent and the Grenadines with registration number 7020600. However, our search for this broker in the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) did not yield any results. This is a red flag, suggesting that this broker is not under regulation to provide financial services or products.Regarding your question, LMFX is not a regulated broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we strongly suggest investors avoid unlicensed brokers like LMFX and choose fully regulated ones instead.
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3 comments

Jerrod Hayes
Please do not trust this broker. They said they are regulated but they are not. At present they are not processing any withdrawals. Be careful, don't deposit any money. Find a trusted broker fully regulated.
2023-06-09
Reply
Forexia
I can't withdraw money, I use the same deposit method, but it always goes back to the trading account and cannot take out all the funds, so that’s why I would like to choose a more reliable broker.
2023-06-01
Reply
Mario Vega
Scammer scammer scammer , they stole my money 4600 $ . they suddenly removed the bonus from my account to make my margin to reach to zero then close all my open position and stole 4600 $ . i had on my account at this time 2600 Margin with 250 % . but they removed the bonus and closed all open position and stole my money ., keep away from them
2022-08-27
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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