Funding Methods at LMFX

LMFX is very transparent about their funding methods. They also have quite a few methods for their clients so that they can choose anyone that they see fit.

Today, I’m going to talk about these funding sources.

Wire Transfer

Wire Transfer, also known as Credit Transfer or Bank Transfer is one of the easiest ways to add funds to your LMFX trading account.

This is a popular method for electronic funds transfer. Wire transfers are usually used for sending funds from one person or entity to another person or entity. This transaction can be made from one account to another account or even a cash transfer from a cash office.

Although it is a secure method of adding funds to your LMFX trading account, it can take up to 15 days to reach your account. However, most transactions are completed between 2-3 days. Still, it is way too long than other funding methods that LMFX offers.

Another drawback to this funding method is its minimum limit for each transaction. You cannot add funds less than 250 USD or the equivalent EUR. The minimum amount for each transaction is 250 USD however, there is no fee for the deposit, whether it is 250 or 2,500 USD.

Visa Card

Visa Inc. or Visa is an American Multi-National Financial Services Corporation that facilitates transfers of electronic funds. My bet is you’ll find a Visa powered debit card, credit card or gift card in your wallet.

LMFX allows you to add funds through Visa enabled cards. This is secure and much faster than wire transfers. It doesn’t take days to reach, only minutes. Visa fund transfers usually get transferred to your LMFX trading account within 30 minutes.

Besides, minimum limit for each transaction is not at high as wire transfers. A trader can add funds to his/her account, starting from as low as 50 USD. Besides, you don’t need to go to a bank or cash office physically. Every transaction from your Visa cards can be processed from your home. And like any other funding method, it won’t cost you a dime for depositing funds into your LMFX trading account.

MasterCard

Like Visa, MasterCard is another American Multi-National Financial Services Corporation, which processes payments between the bank of merchant and the card issuing bank or the credit union of a buyer.

MasterCard also allows you to add transfers to your trading account within a matter of minutes. The minimum funding amount is 50 USD or its equivalent EUR. It takes maximum 30 minutes to reach your account.

Skrill, Neteller, FastPay, and VLoad

Skrill, formerly known as Money bookers, Neteller, FastPay, and VLoad are all online payment processors. These processors work from any place in the world and the transactions are almost instantaneous.

You get the funds in your account as soon as the payment is made. The minimum amount of deposit is 50 USD or equivalent EUR and it won’t charge any you any fees upon the transaction.

This is perhaps the best funding method offered by LMFX. It is instant and you can add the funding from any place in the world, without paying a single penny.

For more info, please visit : LMFX broker review