I hear if broker know you’re trading in this way, they will follow up closely and can block your account.
no not really, its a myth, a good broker will abide by their own ToS, and its a case to case bases to avoid abuses.
Anyone participating this broker’s contest “Learn and Earn Contest”?
Do you have an EA to win these contest?
I havent, not been looking much into events, but sound good might look into it. thanks for letting us know
Does they have any hidden fee when withdraw through wire?
They also support Bitcoin, is it reliable? and who will use it? I think Bitcoin is like gold now, you don’t want to use it for most things except urgent cases.
I use them… and have had many successful withdrawals. I would not recommend for scalping or jumping in and out during low liquidity…It’s my offshore swing broker. Good luck!
@joedub6 I’m trading stock CFDs with lmfx as they have a good selection with them. For scalping, I’m with turnkey forex because of their lower spreads.
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Have you had any success with any funding programs or retail prop firms? I want to check out turnkey… thanks for the tip
[quote]
Does fixed account have fixed spread under all market conditions? Another broker I traded doesn’t guarantee freeze spread in volatile time and I lost too much. If spread is widen in negative way, will broker compensate for me?
[/quote]>Dear dollace,
The point of the Fixed spread account type at LMFX is to offer fixed spread to the clients of the company. I don’t understand what you mean by freeze spread in volatile time, but I guess you mean keeping the spreads fixed as they are during regular market operations. As stated above – the meaning of the Fixed spread account is to have the spreads fixed during all kinds of market conditions. I hope that answers your question.
The post above was from March of 2016, but in case anyone comes across it I’ll share a partial webmail response to that exact question from me in Nov 2022, written by LMFX “Maggie Mendes”:
“Thank you for your request.
Please note that these spread values are average. They could always be changed from the market conditions.”
Let us know if you need any further assistance
Thanks for your experience, I have tried their bitcoin payment combined with Skrill. These payments are really smooth and no cost attached for both.
Considering that I cannot change my email address without providing photographic proof that the old one is out of commission, it is good that I have not given them any money.
do you accept crypto withdrawals?
well being strict is good, like imagine if anyone can come and change ur email with all the identity theft going on now a days, as long as the level of being strict is tolerable in a very acceptable way in my opinion. but over all they are good and safe to deal with anyway
It has been my experience that it be wise to exercise caution with the kind of crap people are willing to pull in the name of security. I’ve got to admit that it takes a bit of blind faith to believe that accounts are in safe hands, but going from the possible to impossible is a clue…
Another such case: After verifying with legal documents, I was able to have full access. Over time they changed their protocols by data mining using the verification documents to produce a set of questions like personal information about family members I did not know the answers to, cars I’ve never owned, etc…, and just like that, I no longer had access to that account. Luckily I didn’t have any money in that one either.
Anyone tried this broker’s bitcoin payment processor? how’s about the cost?
nope, i have not made any crypto withdrawals, do they still offer it, its a good option but im sticking with what works for me. skrill is what im using with them and its good.
I just received an email about the Golden Draw contest, relatively simple, is the trading condition or the number of winners decide our prize-winning chance?
its a pretty good contest, i like the idea of owning gold. lets see how it goes
