Going offshore to escape the CFTC

LMFX

There was nothing “instant” about the designation of LMFX as a Trusted Broker. If fact, that designation occurred more slowly than most of the other four.

LMFX was first discussed on this website in Jingoy’s thread titled Lmfx, beginning in October 2015. Immediately after that first mention of LMFX in the Babypips forums, LMFX representative Maria Bachvarova joined Babypips. About 6 weeks later, she began posting in Jingoy’s thread.

Here in the Offshore Broker Thread, LMFX was discussed for the first time in January 2016 by Babypips member Jack72, who was already an LMFX client. That was about 20 months before you became a Babypips member.

At that time, LMFX was added to our List, in Group 1, as an offshore broker that accepts U.S. clients.

Immediately after that first mention of LMFX in this thread by Jack72, Maria Bachvarova began posting here, answering questions about LMFX.

In THIS POST, Maria expressed interest in having LMFX designated as a Trusted Broker.

Over the next 18 months, there were occasional comments about LMFX in this thread, and more than 100 posts about LMFX in Jingoy’s thread, almost all of them positive for LMFX.

In July 2017, I asked for comments on designating LMFX as a Trusted Broker, and based on the responses at that time (and on the considerable discussion of LMFX over the previous 18 months), I decided to award the Trusted Broker designation to LMFX. That was hardly a hasty decision.

Contrary to what you said, LMFX did not become an “instant Trusted Broker”.

LQDFX

As you may have noticed, LQDFX has not been on our radar for as long as LMFX has been. And there has not been nearly as much discussion of LQDFX, as there was of LMFX prior to its designation as a Trusted Broker. Which might help to explain why LMFX is a Trusted Broker, but LQDFX has yet to earn that designation.

Clearly, you are a fan of LQDFX. You should continue to report your experience with them, and encourage other members here to give them a try. If a consensus develops regarding a Trusted Broker designation for LQDFX, I will be delighted to pin that label on them.

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