LMFX - Lmfx.com

[tradesprint]

I am trading with more than one broker at the moment and LMFX is one of my favorites, so far the trading experience is good with them. Let see how it goes in future.

[nextop]

How much is the minimum deposit of this broker?

[sendong]

if im not mistaken its 50 for premium, but i went ahead and started with 300+ it was good really.

[nextop]

Brexit doesn't revote so GBP could be dropped more, many professional give forecast GBP could be dropped up to 20% and follow me. It's very good chance to sell, but you need to catch the bottom price and pivot.

[tradesprint]

$ 50 can be a good amount to start with any broker or you can also test the broker by downloading their demo account as they are more or less very similar to the real trading accounts offered by any broker.

[tradesprint]

Brexit doesn't revote so GBP could be dropped more, many professional give forecast GBP could be dropped up to 20% and follow me. It's very good chance to sell, but you need to catch the bottom price and pivot.

Did any one make money during brexit while shorting the GBP, i thought it was good opportunity but i didn't traded for the whole week.

[sendong]

yeah, it ws too risky, and the margin was really close, i mean it was a 51% vote, i usually stay out of the market with such scary conditions, learned my lesson from the black swan event last year.

[tradesprint]

I think i had received an email from this broker specifically addressing the improved margin requirements during the said time period but i didn't gave any thoughts to it as i closed all my open positions and took rest for the whole week.

[nextop]

$50 is good minimum deposit, but if you're serious to earn consistenly profit with a broker. you should try 500 or larger fund.

[tradesprint]

It might be a good idea but i think there are many traders that even finds $50 as a huge amount, however i think new traders should start trading with small amounts and retain their earnings in their account to reach at this required threshold of 500 or more.

[sendong]

yeah thats ok, i mean break even is better than a lose right! lol its a constant battle about what ifs!! but thats ok, we can always look for better opportunities in the future..

[nextop]

Anyone withdrew from this broker through wire? Please advise the process days (when you get the fund in your credit card)

[tradesprint]

Haven't tried wire transfer as yet as it may take few business days usually 5 - 6 working days, so it is good to get the withdrawals processed in skrill account or any other e-wallet which is usually transferred within one business day.

[nextop]

Skrill is messing, my withdrawals wasn't in my account yet over 5 days, hence I think we should switch to Neteller.

[tradesprint]

I also had the same problem but i am receiving the payments now and i think that the said issue is resolved now however i have noticed skrill had made some changes in their service level agreement and the fees are raised, anyone noticed the same ..?

[sendong]

Im using skrill,, last withdrawal went through, i mean for both brokers im using, one of them is lmfx, no issues here, though i did get an email about charges but didnt look much into it. will have to check it again.

[tradesprint]

No doubt skrill is convenient payment processor but i am looking for another alternative too, can anyone suggest something better with low processing charges..?

[nextop]

I think wire transfer and PayPal could be greater options than Skrill (not sure). But definitely Neteller (the company bought Skrill) is much worse.

[sendong]

yeah, its good for some bad for others, im pretty much a skrill user, and a skrill card holder, thats how i do my withdrawals 

[nextop]

Still waiting for wire transfer withdrawal feedback, it's supposed to be better than others.