Explore LMFX's clear fee structure: no deposit fees, selective withdrawal fees, and $4 per lot on Zero Accounts with 0.0 pip spreads. Trade actively to avoid inactivity fees and enjoy competitive conditions.
LMFX offers competitive trading conditions with a transparent fee structure. The broker does not charge any deposit fees, and most withdrawal methods also come without fees, although some may incur charges depending on the payment provider. For traders using the Zero Account, a commission of $4 per standard lot is applied, but the account offers raw interbank spreads starting from 0.0 pips. The Premium and Fixed Accounts have no commission fees, with variable and fixed spreads starting from 1 pip and 1.8 pips, respectively. Additionally, LMFX applies an inactivity fee for dormant accounts, so active trading is encouraged to avoid extra costs.
LMFX Trading Fees
LMFX offers competitive trading fees that vary depending on the account type. The Premium and Fixed Accounts come with no commission, making them ideal for traders looking for a commission-free trading environment. The Premium Account has variable spreads starting from 1 pip, while the Fixed Account offers spreads from 1.8 pips. For traders using the Zero Account, a commission of $4 per standard lot is charged, but it provides raw spreads starting from 0.0 pips, making it a good choice for high-volume traders and scalpers. LMFX also imposes an inactivity fee for dormant accounts, so regular trading is encouraged.
LMFX Non-Trading Fees
LMFX applies a few non-trading fees that traders should be aware of. One of the key non-trading fees is the inactivity fee, which is charged if an account remains dormant for a certain period. If there is no activity on your account for over 90 days, LMFX may apply this fee. While LMFX does not charge any fees for deposits, withdrawal fees may vary depending on the payment method chosen. Some e-wallets and bank transfer options might have withdrawal fees, so it's important to check with your provider. Additionally, LMFX does not charge maintenance fees or account management fees, keeping non-trading costs minimal for active traders.
LMFX Withdrawal Fees
LMFX applies withdrawal fees that vary depending on the method used to withdraw funds. While e-wallets like Skrill and Neteller may come with lower fees, bank wire transfers often incur higher charges. It's important to note that LMFX does not control all fees, as some are determined by third-party payment providers. Additionally, the processing times for withdrawals range between 24 to 48 hours. There are no withdrawal fees for cryptocurrency transactions, which makes them an attractive option for traders looking to minimize costs. Always check the specific withdrawal fees associated with your preferred method before proceeding.
LMFX Deposit Fees
One of the attractive features of LMFX is that it does not charge any deposit fees, regardless of the payment method used. Whether you deposit funds via bank wire transfer, credit card, e-wallets such as Skrill and Neteller, or cryptocurrencies, LMFX ensures that traders are not burdened with additional costs when funding their accounts. However, it's important to be aware that third-party payment providers, such as banks or e-wallet services, may apply their own charges for transactions. LMFX processes most deposits instantly, with the exception of bank wire transfers, which may take longer to reflect in your account.
LMFX Swap and Overnight Fees
LMFX charges swap and overnight fees for positions that are held open past the market’s closing time. These fees, also known as rollover fees, are based on the interest rate differential between the currencies being traded and can either be a cost or a credit, depending on the direction of your trade. Traders using LMFX should be aware that the longer a position is held, the higher the swap fees may become. For those who prefer swap-free trading, LMFX offers Islamic accounts that do not incur overnight fees, making it a suitable option for traders following Sharia law.
FAQ
Does LMFX charge deposit fees?
No, LMFX does not charge any deposit fees, regardless of the payment method. However, third-party providers like banks or e-wallets may apply their own fees.
What are the trading commissions on LMFX?
LMFX charges commissions only on the Zero Account, where traders pay a $4 commission per standard lot. The Premium and Fixed accounts have no commission fees.
Are there any withdrawal fees on LMFX?
Withdrawal fees vary depending on the method used. While some methods like cryptocurrencies may have no fees, others such as bank wire transfers could incur charges.
What are LMFX swap or overnight fees?
LMFX applies swap or overnight fees for positions held open past market close. These fees depend on the interest rate differential between the traded currencies.
Does LMFX charge an inactivity fee?
Yes, LMFX charges an inactivity fee if an account remains dormant for over 90 days. Regular activity is required to avoid this charge.
Published by:
Jaxon Maddox