Bronze-fx.com Review Is BronzeFX A Scam Forex Broker

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Bronze Fx Reviews

6 • Average

Write a review

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Reviews 6

Would not trust them

Would not trust them. Had to recover through BTC Disco thanks for the recommendation from earlier

bronze fx is not real

bronze fx is not real. They would stop calling and receiving your calls after they have taken your money. I had to get help from persons on my bio/profile text after the disallowed all my withdrawals for several months

Bronze-fx.com aka Bronze FX aka…

Bronze-fx.com aka Bronze FX aka bronzefx is an Illegal scam company. They use a manipulated demo trading account to rob you blind. They are 100% fraudulent in nature. No trading ever takes place when you “deposit” your money it is stolen and they then play mind games with you to try to get you to “deposit” more money. STAY AWAY. SCAM SCAM SCAM.

They never returned my money

They never returned my money! After 2 months waiting i contacted my credit card provider, explaining the story with screenshot supporting evidence and my credit card provider pulled the money back. Bronze-fx never sorted the problem – most of the time ferry did not answer and the few occasions they answered postponing with excuses.

Bronze-Fx.com is fraud as they do not…

Bronze-Fx.com is fraud as they do not have regulatory registration. They don’t have license to provide trading services and have no access to financial markets.
They started services for Uk market only but none of them are based in UK. They have not disclosed their locations. No one knows who owns this company.
My investment is stuck here and they are not returning the money.

Bronze-Fx is a scam

Bronze-Fx is a scam. Stay away.
There are warning by regulators against them.
They are part of Algotech / FX24 / Bealgo group who scammed millions and ran away.
Police is after these companies.

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LMFX Review

LMFX general information

USA

Founded in: 2020 year
Headquarters:
Offices in the country: USA
Minimum Deposit: 50 $
Website: www.lmfx.com
Website languages: English
Execution model: NDD
Deposit currency: USD, EUR
Support languages: English
Mobile trading: iOS, Android
Types of offered accounts:
Affiliate program: Yes
  • Traders from the USA
  • Web-based platform

LMFX Forex broker description

Trading accounts of LMFX

  • Premium
  • Fixed
  • Zero
  • Scalping
  • Hedging
  • Trading with expert advisers
  • Trailing stop
  • Trading 24 hours a day
  • Scalping
  • Hedging
  • Trailing stop
  • Trading 24 hours a day
  • Scalping
  • Hedging
  • Trading with expert advisers
  • Trailing stop
  • Trading 24 hours a day
  • Gold
  • Silver
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 50 $
Deposit currency : USD – US Dollar
EUR – Euro
  • Gold
  • Silver
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 250 $
Deposit currency : USD – US Dollar
EUR – Euro
  • Gold
  • Silver

Contacts of LMFX

Recent customer reviews of LMFX

Advantages: No ADVANTAGE

Disadvantages: Bunch of scammers

Comment: To put this in a simple way, this company stole £95,000 from me and I am living with my parents as i no longer have a house. The guy on the phone claiming to be called ‘Erlington’ told me that if I invested the money it would be tripled. He was showing me some sort of simulation pretending that I was making lots of money and then once I invested a huge amount he called and told me that bitcoin had crashed and that I lost all the money but not to worry because bitcoin is going to go back up again so I should borrow money and invest it! I hung up and googled the bitcoin value to find out that it never crashes could get my money till i saw a review on TIMES OF ISREAL about a recovery company called HORIZON SECURITY. I filed my complaint through ([email protected] horizon-security.org) Although i got back my money some time but ill still ask that we should all report this broker to the FBI and other security outfits as i have already done.

Lost all investments trading with a scam broker. Lost more money to fake recovery services. Please be careful of fake recovery services! They are littered all over the forum. If you truly wish to get your money back then I suggest you reach out to me and I will guide you on steps I took in getting back my money. Write me on tomhaggins3 attGmaiI dotKcom .

Advantages: Try and reach out to Mr Barry on Barrysilbert540 @ gmail. com if you need help or guidance on how to withdraw your money from any broker and he can show you how profitable trades is been done and also if you want to recover your lost funds, with his masterclass strategy he has being helping me for the past one month and I’m earning $8,550 weekly. You can also reach him out on whatsapp + 44 750 8298 691.

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Comment: Try and reach out to Mr Barry on Barrysilbert540 @ gmail. com if you need help or guidance on how to withdraw your money from any broker and he can show you how profitable trades is been done and also if you want to recover your lost funds, with his masterclass strategy he has being helping me for the past one month and I’m earning $8,550 weekly. You can also reach him out on whatsapp + 44 750 8298 691.

Lost all investments trading with a scam broker. Lost more money to fake recovery services. Please be careful of fake recovery services! They are littered all over the forum. If you truly wish to get your money back then I suggest you reach out to me and I will guide you on steps I took in getting back my money. Write me on tomhaggins3 attGmaiI dotKcom

Advantages: FULL RECOVERY PROCESS

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Which broker is the best forex broker?

If you are fed up with fraudulent brokers and want excellent support for your investments, FxPro is the broker you need. With more than ten years of experience and coverage in 150 countries, FxPro is the safest option to invest in forex and CFD. Its more than 40 awards show that and the guarantee of having the regulatory entities that give us security in our operations.

FxPro is one of the most significant brokers on the planet and has been the preferred broker for thousands of traders in the currency market. Because of that, the broker has facilitated thousands and thousands of transactions in thousands of accounts.

FxPro’s regulations

The company is regulated in several countries, so it adheres to the strictest principles; but, before deciding on whether it is a good broker or not, it is necessary to do the relevant research before making a decision.

FxPro is regulated by the primary financial organizations such as the Cypriot CySEC, the British FCA, and the Spanish CNMV. The significant advantage of a broker that’s controlled by the FCA is that user deposits are guaranteed up to € 50,000 in case the broker has a financial problem or breakdown.

It has rained a lot since FxPro has been operating, and it is to be expected that during all that time we may have seen some opinion of its users being more positive than another regarding the service they can offer.

What we haven’t seen is an opinion about it being a scam or that they are going to keep the money of the users. In this sense, this regulated by the FCA is a substantial seal of quality.

FxPro’s trading conditions

According to the opinions of its users, an experienced person who knows the stock market well can earn enough.

As an investment platform, FxPro is quite professional, very reliable and with complete statistics that are updated continuously. It can be adapted perfectly to a novice user since it gives the possibility of copying investment strategies of other people and establishing control of how much we are willing to risk.

A priori, if we look at the general atmosphere that is breathed in forums about FxPro gives the feeling that there is a general climate of satisfaction between traders and FxPro.

It can be said that FxPro is a right and legitimate broker of FOREX and CFDs based on the opinions of its users. Also, FxPro is a broker that has received numerous awards naming him the best FOREX broker in several consecutive years.

FxPro is a broker that has been awarded the prize of “Best FOREX broker” in 2008 and 2009 by different financial magazines.

One of the things that may be a disadvantage is that to open an FxPro account the minimum deposit is a little high (500 USD) and they do not have any bonus available for new users.

But in any case this does not mean that they are not severe or reliable, it is not important if we want to look for a broker with guarantees like FxPro.

FxPro offers us more than 10 different platforms to trade. In this sense, it may be the broker that provides more platforms to its users. Its best-known platform is known as “cTrader”, which is a web-based platform that does not need any software installation to be able to operate. FxPro also offers us the great Metatrader trading platform.

Like most brokers, FxPro offers us the possibility of operating through platforms for mobile phones and tablets (Android and Apple).

FxPro affords us a wide range of financial underlying to work, precisely more than 140 among which are: FOREX, Commodities, Stock indices, Metals.

FxPro’s customer service

The commercial policy of the broker is to attract clients by their trading conditions and their transparency and not by aggressive promotions or promotions that often have hidden states.

FxPro also has a small educational section, composed of several webinars and online seminars. They usually offer several per week and even and, in some of them, large economic events and live fairs are analyzed.

Within this training center, we have two subsections; one’s for novices and another’s for expert traders, where initiation guides and other more advanced ones are presented so that we carry out our FOREX operations and with CFDs.

Likewise, it is important to talk about one of the main advantages offered by this broker, and that’s the technical support it has. If we have any problem or doubt, we can solve them quickly by sending an email or by calling a telephone number

The trading tools, the variety of accounts or the media with which you count on for your negotiations, are critical elements that must be taken into account when choosing a broker for your investments. However, all this would not make sense if the said broker was fraudulent or illegal. With FxPro this will not be a problem since on its homepage you can see the stamp of many institutions that are responsible for regulating the proper use of this economic activity.

This is a broker that can also be used for beginners but is especially suitable for experienced traders, especially for those who use automatic trading systems or scalpers. In FxPro any trading strategy is allowed without restrictions (hedging, expert advisors, scalping…)

After having analyzed the trading platform in FOREX FxPro, we can conclude that it is highly recommended to operate in the market and be able to invest according to your experience.

Among the main advantages you can find liquidity with Tier 1 suppliers, you can operate with prices from suppliers, orders are executed before 50 ms in 99.9%. Investments are in complete anonymity, there are higher orders, the account has a demo, there are different trading platforms, and it has a mobile application.

If you are thinking of investing in FOREX or would like to learn to work with CFD, do not hesitate and choose this broker to carry out these actions. With everything it offers, what else can you ask for?

Is FxPro the best?

Now that we know FxPro is definitely not a scam broker, we should move on to “Is FxPro the best forex brokers for you?” Well, let’s compare FxPro with the top brokers in the market right now to find the answer.

Credibility

As of credibility, yes, FxPro is reliable, but there are other brokers who have acquired the same regulations as FxPro. Exness has acquired CySEC and FCA forex regulations, which is the same as FxPro. XM is one of the best regulated brokers as it has a regulation from UK, which is FCA. It also obtains CySEC from Cyprus and ASIC from Australia. Hotforex currently have acquired three trusted and famous regulations, which are CySEC, FSCA, and FSC. Therefore, in terms of reliability, Exness, XM, and HotForex is just no more and no less than FxPro.

Moreover, those 3 brokers are even better, because they are one of the biggest forex brokers in the world, judging by the trading volume. Trading volume can imply how many people choose to trade with them. The trading volume of Exness, XM, and HotForex are more superior than that of FxPro, specifically as following:

Exness, XM, and HotForex all have tighter spreads. I’ll take the most common currency pair, EURUSD, as an example.

  • Exness has Classic account, whose spreads are only around 0.7 pip. Check Exness spreads.
  • In the past, XM was one of the brokers that have really high spread. However, in December 2020, XM introduced the Ultra Low account. This account offers a very competitive spread rate, at about 0.8 pip. So now, XM can confidently claim that they are among the top lowest spread brokers. Check XM Ultra Low account.
  • HotForex’s spread has always stayed at an acceptable rate, at around 1.1 pips. Yet, it is still surely lower than that of FxPro. Check HotForex spreads.

And finally, when it comes to customer service, Exness, XM, and HotForex all do a better job than FxPro. While FxPro supports customers 24/5, the others have service as following:

  • Exness supports 18 languages 24/7 CHECK DETAILS
  • XM supports 23 languages 24/7 CHECK DETAILS
  • HotForex support 27 languages CHECK DETAILS

Trusted Forex Broker Reviews

Not even legends in the calibre of a Larry Williams or a Martin Schwartz will have much luck in currency trading if the broker is unwilling to cooperate – it has an overwhelming role in determining what type of experience you will have as a forex trader. The lack of clear rules and precedents creates great opportunities, but also huge risks for the unprepared.
But aren’t there always two sides to a story? To help our visitors avoid the dark side of forex, we have carefully screened the best offers in the online brokerage business, and prepared a selection of some of the most reputable and efficient brokers for your exclusive benefit. If you have any plans to explore the exciting world of currency trading, we are sure that you will find our list an invaluable guide in the crowded and sometimes shady world of the forex brokers. We recommend reading our listed brokers’ review pages for user reviews, e.g. OctaFX or FXTM review page.

Safest Forex Brokers 2020

*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.

Want to be featured on this broker list? Use our contact form here.

More country specific forex broker listings:

Finding the Best Forex Broker – FAQ

Finding the best forex broker for your needs takes some research. Hundreds of online brokerage firms now compete for your account, so plenty exist to choose from. Check out our recommended top list above, or read our FAQ below with excellent points to consider before choosing your broker, or see this extensive five step guide on how to choose a forex broker.

Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts.

Basically, you want a forex broker you can trust to handle your money and your trades so that you can get on with the business of trading forex without worries. Anyway, to make the process of finding a broker simpler, the list above covers most of the key comparison points between forex brokers so that you can be better prepared for a successful search.

In the end of this page you will find many more brokers that did not make the top list, you can still read our reviews of them and give your comments on them or share your experience from them.

But first we will go through some of the criteria and features you should look for when searching for the best forex broker for you.

Regulation

Most reputable online forex brokers take the step of submitting to regulation by one of the main financial regulatory agencies operating in their home country. Sometimes, they will even be regulated by more than one agency. Such regulation provides you with the security of knowing the broker’s operations are being overseen by an independent authority with the goal of keeping the business honest.

Is there a benefit to where a broker is located?

Location can make a big difference, especially if the regulatory regime in the country is top of the line. The most advantageous location has to be reserved for UK brokers, since London is the center of the foreign exchange business.

Forex Trading in the UK

Early in the last century, nearly 50% of the world’s foreign exchange was conducted using the Pound Sterling. Today, daily forex trading turnover in the London market represents 41% of the world, more than double that of the United States at 19%. If you choose a reputable UK broker, then you can be assured that the firm can draw upon a broad pool of experienced and professional staff in the UK.

From a regulatory perspective, UK forex brokers must also comply with one of the strictest regulatory bodies around, the Financial Conduct Authority (FCA). Once again, the pool of UK staff will be very aware of best business practices and related compliance issues, another reason to choose a UK broker, if at all possible. One must, however, be due diligent when choosing a broker that claims to have offices in London, since the marketing aspect of this location has caused many overseas brokers to set up a “shell” presence in the UK to gain your trust, but without the benefits listed above. If you prefer a UK broker, then make sure that they are headquartered in London and have a significant presence there.

Forex Trading in Australia

The Australian Forex/CFD/Cryptocurrency landscape is an intricate one, where at least three different types of brokerages peddle their services. There are unlicensed, unregulated brokerages with a global reach, whose services may indeed be accessible to Australian traders too. Then, there are financial service providers who are not based in Australia, but who are licensed by ASIC to peddle their products there. Finally, there are Australian born-and-bred operations, firmly under the authority of ASIC.

If you are looking for a forex broker in Australia or that offers services for Australians then make sure to go here.

Data Security

When you either enter or store vital personal information online, it can be subject to falling into unfriendly hands that may use it for their own personal gain. Accordingly, a top priority when choosing a broker is that they encrypt all data entered into online forms using industry standard SSL-encryption or better.

Another key issue involves the safe storage of data so that it will not be lost in case of disaster. Many online forex brokers use duplicate data farms with high security to assure the safety of your account information.

Dealing Spreads

Many day trading strategies become unsuccessful over the long term if your account does not have access to competitive dealing spreads. The spread is simply the difference between the bid price and the offer price for a particular currency pair and should be no greater than five pips in the majors and major crosses, with wider spreads often seen in the minor crosses and exotic currencies.

Commissions and Fees

Sometimes brokers are not content just to have you dealing on their spreads. In this case, they might charge a commission or fee for each transaction. Sometimes these are calculated on a per transaction basis or on a volume dealt basis. Additional fees might be involves in making withdrawals or deposits, so be sure to check that information to minimize your transaction costs.

Order Types

Most forex brokers handle the basic market, stop and limit order types. Nevertheless, some brokers also offer support for OCO (one-cancels-the-other) and trailing stops. If either of these more specialized order types would be suitable for your trading plan, then be sure that your chosen broker supports them and make sure that you fully understand the limitiation of these different order types.

Currency Pairs

Since more currency pairs often means more opportunities to profit, you will want to make sure that your forex brokers offers all of the pairs you might be interested in trading. Some traders also like to have access to precious metals like Gold and Silver, in addition to oil, especially if they will be trading the commodity currencies like AUD and CAD whose exchange rates can depend on commodity price fluctuations.

Deposit Required

Unless you are just interested in opening up a demo or practice account with the forex broker, they will usually require a minimum deposit to be made for you to get started trading forex. Often, the more money you place on deposit, the more features you have access to or the tighter your dealing spreads become. Make sure that you research the broker thoroughly before sending a deposit.

Account Types

Account types vary considerably between brokers, but most offer demo accounts for practice trading, mini accounts for newer traders with a low minimum initial deposit, standard accounts for more experienced traders with a moderate deposit, and finally VIP accounts for larger initial deposits. Here is a list of forex brokers that offers demo accounts.

Also, the features offered with each account type vary quite a bit among the various forex brokers, so be sure to see which reputable broker will offer you the best deal for the initial deposit you have available to you.

Leverage

Leverage refers to how much of a position you can control with a certain amount of funds allocated to it. Forex brokers currently offer leverage rates of as high as 500 to 1. What this means is that you can control a $50,000 trading position with just $100 allocated from your portfolio. Note that in the U.S. the maximum leverage is 50:1 for majors and 20:1 for minors.

Naturally, amplifying your risk by using leverage can result in larger gains, as well as larger losses, so be sure to use leverage wisely and avoid trading beyond your means.

Margin Requirements

Even though forex transactions are exchanges and not purchases of an asset like a stock or commodity, when the exchange rate moves, it creates credit risk for the counterparty showing a gain on the transaction. As a result, most forex brokers require that their clients place a certain amount of funds on deposit to cover such potential losses. This is known as the broker’s margin requirement.

Since margin requirements vary among brokers, you will want to make sure that the broker you choose has guidelines you can live with. Also, some brokers automatically close out trading positions when the amount of margin in your account is exceeded by trading losses, or according to other criteria, so be sure to understand such the implications of such policies for your trading business.

Trading Platforms

Most of the better forex brokers offer their own proprietary trading platforms for you to use to execute forex transactions with and to keep track of the market. These usually either take the form of web-based platforms that use access via your Internet browser or client-side platforms that you download to, install and run on your personal computer.

In addition, some brokers support independent trading platforms like the popular MetaTrader 4 platform that can be obtained free of charge and which many commercial forex trading robots are designed for.

Mobile Trading

Some forex traders require the convenience of trading and keeping in touch with the forex market via their mobile phone or other mobile device. Many brokers provide such services, so if this is important to you, check out what each broker offers in this regard and whether their software will work with your device.

Algorithmic Trading

Forex traders increasingly wish to automate their trading plans or algorithms to free up their time for other endeavors. They often do this by using a programming language to write down their decision process in an algorithmic format that can then automatically be executed by forex trading platforms that support this capability.

If you think you might want to automate your trading plan, check to see with brokers you are considering to see if they support this type of trading and how they do so.

ECN Brokers

ECN Brokers are brokers who use an Electronic Communications Network to provide price quotations and trading opportunities to their clients. The best way to picture an ECN is as an Exchange. Through an ECN, the broker puts various market participants into touch, directly. What that means is that it matches up trades so a seller will always find a buyer and vice-versa.

CFDs – Contracts for Differences

These days, CFDs are all the rage as far as online trading is concerned. These Contracts for Differences offer traders (and brokers) several advantages, which make the setup a very attractive one indeed.

A CFD is in essence a futures contract arrangement, between a broker (the CFD provider) and a trader (the client), the object of which is the difference between the current value of a traded asset (which can be just about anything, given the impressive market coverage of this financial derivative) and its value at the end of the contract. Find more information about CFD brokers here.

Market Alerts

Many brokers offers SMS or other types of market alerts to their customers. If you think this might be important to your trading business, look for this feature.

Support

Those new to forex trading will want to have better access to both dealing support and technical support. See what services each broker under consideration provides and whether it will suffice for your purposes.

Information Resources

Newer traders often require educational materials about the forex market and trading in general to get started trading forex on the right foot. If this is important to you, research what the brokers you are considering have to offer in this regard.

Also, many brokers provide sophisticated news feeds, like Reuters for example, as well as proprietary market commentary and other timely information.

Dealing Desk Access

Some traders like to speak to a personal dealer or advisor at the broker in order to obtain inside market information and advice. Others like to be able to make transactions over the telephone in a pinch. If either of these options makes sense for you, inquire with your potential brokers whether dealing desk access will be available to someone with your anticipated initial deposit.

Managed Forex Accounts

There are three types of managed forex accounts, Individual, Pooled and PAMM accounts. Here is a list of recommended managed forex accounts that offers this kind of forex accounts.

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Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 100 $
Deposit currency : USD – US Dollar
EUR – Euro