Day 1 Experience with LMFX:
For safety reasons (and for my suspiciousness), I decided to test out the payment and withdrawal system. Each time I made an attempt to deposit the minimum amount ($50), I kept receiving an error code: ZM-ERR1. According to the customer representative, the error came up due to either (a) error’s in my typing or (b) my bank placing a restriction on the merchant.
option (a) is easy to fix, but unfortunately that wasn’t the case. I made 2 attempts to make the transaction but as I couldn’t get my bank to remove the transaction, I decided to try and make an attempt with Skrill (depositing money to Skrill, and authorizing Skrill to fund my account)
Attempting that method failed as well. At this point, it’s been too much of a hassle to go try anything with LMFX. Their customer service is amazing, but due to the many attempts to simply fund my account didn’t work, I’m not going to pursue my ventures with them any further.
It seems that I’m not the only one with issues with their payment processor. A few members in this forum had withdrawals that weren’t seen in their account (or still pending) for more than 40 days.
Forex Signals Forum Link
Instead, I’m going forward to try with Trader’s Way and start things off. So far, the registration process has been smooth. I’m waiting for 48 hrs to get my account verified before I deposit any funds. They due in the assets available to trade (indices, commodities), but i’ll I can work with that.
TL:DR - Tried to deposit funds in LMFX, failed miserably due to the US banks blocking the merchant. Moving forward to Trader’s Way.