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Does LMFX charge withdrawal fees?

Broker Issues
LMFX
Fees and Spreads
02-07
United States
WikiFX
Reply

Yes, LMFX does charge withdrawal fees, which I find frustrating. These fees vary depending on the method I use to withdraw my funds. For example, e-wallet withdrawals like Skrill and Neteller carry a fee of around 2% to 5%, which can add up quickly if I’m making frequent withdrawals. The broker also charges fees for card payments, which is another drawback for me as I prefer to avoid such charges. LMFX broker review mentions these withdrawal fees, and they are definitely something to consider when choosing this broker. Personally, I prefer brokers who offer free withdrawals or at least have lower fees for more common withdrawal methods like bank transfers or e-wallets. Although LMFX does not charge deposit fees, these withdrawal fees make it less cost-effective for me. If I were to use LMFX, I would need to factor in these additional costs and perhaps look for a broker with fewer fees associated with withdrawing funds.

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