LMFX - Lmfx.com

[sendong]

that got me confused hahaha on a personal note, most my transactions are mainly through skrill and their card, and i have not faced any limits really, some banks have stupid policies and its kinda screws things up

[shoushe]

My funding advice for any forex broker is buying Skrill or Neteller (depend on which is cheaper). Deposit from CC is really fast but the rate is much higher than buying E-money

[sendong]

the online exchange is something else, yeah its has some crazy rates lol. deposit with cc is ok, then withdraw with skrill if necessary. i use skrill mostly anyway

[shoushe]

On 10/3/2017 at 9:11 PM, sendong said:

im not sure about netteller isnt the two limitting cash withdrawals and card usage lately? 

DO you use Skrill, can you compare Skrill and Neteller? I am using Skrill but there are some restrictions.

[sendong]

i guess skrill still has the country and currency restrictions after the euro problems a couple of years ago. havent tried neteller though.

[tradesprint]

On 5/28/2018 at 1:07 PM, shoushe said:

DO you use Skrill, can you compare Skrill and Neteller? I am using Skrill but there are some restrictions.

Both are same just comes up with different labels, what kind of restrictions are we talking about btw..? Also if you have issues with skrill better to register with neteller as well and see if they offer any better services.

[sendong]

skrill was caught in the EUR mess a couple of years ago where ther restricted USD withdrawals and limitted number of countries due to huge loses in money conversions. :) but i think things are getting better as of late. yes neteller and skrill are almost own by the same group but they remain separate companies with separate transactions. 

[tradesprint]

Not sure about the mess honestly but one thing that we haven't noticed so far is that the year has almost ended. Let make some new year resolutions .. :)

[sendong]

well on a positive note, skrill has lots of new updates and are doing fine, better yet i have an option to withdrawal from skrill directly to my local mobile wallet which i enjoy using. 

[tradesprint]

I think soon such mobile wallets will be integrated by the brokers in future, let see where it goes due to advancement in technologies.

[sendong]

yeah, but for now im sticking to usd pairs and i guess its one of the easiest to trade for now. 

[broforex51]

I want to join LMFX, but I read about account types, it is not match for me. Minimum deposit is $250, it is big value for me as a new trader and margin call percentage is 30%. I think LMFX is not good for me.

[tradesprint]

Better looking for other account options as well which starts from 50 usd i guess but being a new trader the only advise is to start forex trading as a hobby while doing some primary job, save some money from it and trade demo account only which does not cost you anything. Once you get some savings in your piggy bank i am sure you will be able to make profitable trades too so that would be the right time for you to open a live account even with more than 1000 usd or above..Good luck

[sendong]

it could be depending on the region. but tbh 250 is not a bad starting point for any experienced trader. if nee i would advice familiarising with demo first. but over all lmfx is actually good

 

[tradesprint]

Demo accounts and practicing them can be the real asset for any successful trader in my opinion so whoever wants to become successful in future should not ignore the importance of trading demo account.

[sendong]

there is now waste even in demo. i still use my lmfx demo to test some trades if not sure, and it helps really. its more of a practice for consistency. but newer traders should always do demo first and learn through exp. 

[tradesprint]

Even if they (the newcommers) start live trading, they should back test their strategy on demo accounts before implementing it on live trading accounts.

[sendong]

yeah of course, if you are new to anything then practice with a 0 risk. stick to demo for a couple of months first

[tradesprint]

At least for a minimum of six months in my opinion before going to trade on live accounts.

[sendong]

yup, i hope newcomers listen, forex trading is not a walk in the park. and best of luck to every one. hope everyone is staying safe