How to Open an LMFX MT4 FX account (a Step by Step guide) 

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LMFX is an MT4 broker; meaning that its clients trade forex and CFDs on its platforms. The platform provided by LMFX is the MT4 trading platform; it is a platform of choice among many forex traders, analysts, and brokers because of its great features. It is free, fast, extensible, supports algorithmic trading, and comes with several inbuilt features for trading and market analyses.

You need an MT4 account with a broker like LMFX before you can start trading forex/CFDs on the MT4 platform. The account creation process is fast and easy. You only need to complete a registration form by inputting your details and account parameters such as leverage, currency, etc.

LMFX Overview

LMFX is an online offshore broker that provides its clients with opportunities to trade more than 100 forex and CFDs. The brand started operations in 2015 and has become a global broker with clients from all over the world. It is an ECN broker whose quotes are aggregated from liquidity providers and streamed on the MT4 platform.

In addition to a digitally secured trading environment, traders are provided with trading tools like trading calculators, free VPS, and training resources. There are trading contests and bonuses for beginners.

Does LMFX Offer a Mt4 Account?

Yes, LMFX offers the MT4 account which is needed for trading on the MT4 platform. If you have received an MT4 platform user ID, trader’s password, investor’s password, server name, etc then you certainly have an MT4 account.

Advantages of LMFX MT4 Accounts

  • It comes at no cost to the trader. You will only need to fund your account before you can open a trade position.
  • From the account, you can speculate on over 100 forex and CFD assets.
  • You will be able to choose the leverage that best suits your trading style.
  • You only need one account to access all the versions of MT4; desktop, web trader, and mobile versions.
  • LMFX MT4 accounts support scalping, hedging, and other trading strategies without restrictions.
  • There is no restriction on Expert Advisors (EAs). You can rent or buy an EA from the platform.

How to open an LMFX MT4 account and start trading

  • Sign up for an LMFX account by completing the registration form found on the website.
  • Login to your personal area known as “LMFX connect”.
  • Click on “open live account”
  • Choose the account type, leverage ratio, bonus type and submit. The account types are Premium, Fixed, and zero accounts. Leverage ranges from 1:100 to 1:1000 and bonus types are Phoenix and deposit match bonus.
  • You will receive a success message on your screen and will be told to check your email.
  • The details of the new LMFX MT4 will be in your email. It contains your MT4 login user ID, trader’s password, investor’s password, and other account details such as leverage, and server. You can fund your account, and transfer some funds from your wallet to the trading account before trading can start.

Learn More: How to Deposit Fund on LMFX

To access the MT4 platform, do the following:

  • From the LMFX connect, download the MT4 terminal and install it on your Windows computer.
  • Select the LMFX Live server and click ‘next’.
  • Here, if you select ‘New real account’ and click ‘next’; the LMFX website opens in your web browser. So, you are expected to have already created your account from the LMFX connect.
  • Log in with your MT4 user ID and password which you earlier received by email.
  • You can start trading as soon as the MT4 home screen opens.

Learn More : LMFX Fund Withdrawal guide

LMFX Mt4 Platform for Different Devices

One of the great advantages of MT4 is that it is a platform that works across all devices. You can open a trade on one version and monitor or close it from another device or version. Below are the versions of the platform:

LMFX MT4 for Windows and MAC PC

This is the flagship version of the MT4 trading platform. Features like installation of plug-in apps, expert advisors (EAs), access to the Meta Trader market, signals, etc are exclusively available on this version of the MT4. You can fully customize the platform features on this version.

The MT4 desktop application is primarily developed for the Windows operating system. But, the macOS version can be downloaded from LMFX; it requires Wine, WineBottler, or other compatibility layer software before it can work. 

LMFX MT4 for iOS (iPhone and iPad)

This mobile version is perfect for monitoring asset prices, opening and closing trade positions as well as technical analysis. It can be downloaded from the Apple App Store.

LMFX MT4 for Android (Smartphones and Tablet)

You can download this mobile app from the Google Play Store. It supports trading and analyses while on the move.

Frequently Asked Questions ( FAQs)

Does LMFX Accept US Clients?

 Yes, LMFX accepts US Clients. However, they never mention it on their website.

Does LMFX Support MT5?

No LMFX does not support MT5. They only offer MT4 and Web trader platforms.

Final Verdict

MT4 accounts are used to access the MT4 trading platform before forex and CFD trading can begin. LMFX offers MT4 demo accounts and MT4 real accounts. LMFX has no restrictions on its accounts; you can scalp, hedge, and use trading robots.

It only takes a few minutes to create a new LMFX MT4 trading account from the LMFX connect area of the website. After creating an account, you can fund it by transferring money from your wallet to the MT4 account. Then, you can start trading from any of the MT4 versions; Windows desktop, MAC PC, Android, or iOS device.

Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like LMFX puts your funds at higher risk.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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