Fxmtf.com is a trading name of PK Investment Services Ltd. Founded in 2011 it acts as an Introducing Broker (IB) for LMAX Global. LMAX Global is an FCA regulated Broker for FX (registration number 783200). That means the fxmtf clients can trade forex and other CFDs.
The company itself is not regulated by the FCA and is only an IB of a well-regulated company. Although fxmtf is not regulated, client deposits will go directly to LMAX. So, the main advantage of using fxmtf services is that customers receive a lower commission and initial deposits, that cannot be obtained by trading directly with LMAX. The term MTF from the company name stands for Multilateral Trading Facility. This is a mechanism of matching orders like the ECN (electronic communications networks).
This IB provides the following platforms for dealing directly with LMAX Global: MetaTrader 4, MultiCharts, Quantower and Web Client. Fxmtf claims that it means higher quality of execution for the end user. The variety of platforms allows every trader to choose the right one for him. The MetaTrader 4 terminal is a perfectly equipped traders’ workplace that provides all the necessary tools and resources to analyze price dynamics and create automated trading programs (Expert Advisors). More experienced traders will appreciate this opportunity. If the MT4 terminal is not enough, there are options for using the more sophisticated MultiCharts and Quantower platforms.
LMAX Global trading instruments are distributed into four classes of assets: FX and Spot Commodities, Indices and Crypto. Spreads for majors are close to zero but there is commission on every standard lot. An inactivity fee of USD50 per month can be imposed after six months of inactivity. Opening hedging positions is only allowed if clients trade through the MetaTrader platform.
The minimum initial deposit for all platforms is GBP1,000 but the minimum trade size and the base currencies are different. Customers can make their deposits by cards and bank wire transfers.
There is an economic calendar in the Resources section of the website. There also is some statistical data about spreads and average execution times.
Generally, fxmtf is an introductory broker of LMAX and if you want to use the resources of a time-tested company using the well-known trading platform, you can open an account here. Please note that the minimum deposit amount is GBP 1,000 and that the trading conditions must be specified separately.