So LMFX have zero regulation...
Yes, completely unregulated, meaning they didn't even bother to get a dodgy Caribbean regulation for show.
Check their 'security of funds' page on their website for a laugh:
"4. So will Clients get their money back if LMFX goes into liquidation?
In the event that LMFX is forced into liquidation, all funds designated as Client funds and held in the Client Accounts will be returned to the Clients as per the funds held on their behalf by LMFX minus any costs associated with administration and distribution of these funds."
"If there's anything left after we rob you to pay our debts... and there won't be... then we'll pay our the rest to you."
You couldn't even make this up if you tried!