With the internet we have noticed fundamental changes through out the globe so is the case with the reputation which cannot be hided from google and any information regarding brokers can be googled on one single click. FPA is also a good site in my opinion where we can check brokers performances by reading traders experiences with them.
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LMFX
- Thread starter trader_phil
- Start date
yeah i agree, now a days information is everywhere, its the easy part, and simply make sure the sources are reliable.
and simply make sure the sources are reliable.
We all have to do some scrutiny finding which source is reliable and which is not.. that's we need to handle at our own.
well its part of it really, that constant hunt for what reliable, but yeah with a little bit of luck all should be fine. i hope everyone is doing okay during these times. stay safe guys
the crypto market is getting more popular now a days, i guess its well beyond speculations now and its just keeps on growoing
I agree, forex is forever. For two years, I was just trading in forex but the crypto market is becoming popular like anything so I thought of trying my luck there too. been trading in both forex & crypto with fxview and am happy with the results I am getting in trading.Every business has a boom like the case in crypto as you are saying however in my opinion, currency pairs market is among the evergreen markets i have traded so far.
Does this broker's zero account offer good commission? Just read somewhere, please confirm if you had live account with LMFX.
What spreads can I expect with LMFX?
The spreads offered by the broker are not very competitive, falling slightly higher than the industry average. For Premium accounts, the typical spread for GBP/USD is 2.6 pips, for EUR/GBP it’s 2.1 pips and for EUR/USD it’s 1.1 pips.
The Fixed account does not have variable spreads, though their base rates are slightly higher than these typical values, coming in at 2.6 pips for GBP/USD, 2.2 pips for EUR/GBP, and 1.1 pips for EUR/USD.
The Zero account offers raw spreads with no mark-up from the broker. These spreads are much lower at 0.8 pips for GBP/USD, 0.5 pips for EUR/GBP, and 0.2 pips for EUR/USD.
premium account spreads are tighter slightly, have not tried their zero spread accounts though.