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LMFX Broker Discussion

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This broker has just announced the launch of their crypto exchange, allowing deposits and withdrawals in cryptocurrency. While it may not compete with major decentralized exchanges (DEXs), it could still be a good option for traders who combine forex and crypto strategies.

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Just wondering if anyone here trades crypto. I saw that this broker recently launched a dedicated crypto platform, separate from their forex trading. Crypto seems to be growing in popularity.

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On 1/12/2025 at 6:18 AM, barako said:

contest are good to mix up things and break the redundant pattern, its also fun. though i have to admit, i was never the type that won any haha

Prizes won are kinda satisfaction and acknowledgement for the success achieved among the other contestants in my opinion.

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Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.

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They have introduced the new traderspot for the forex traders to gather free lmgx tokens and it depends on the traders to increase the pot value by simply carrying out their forex trades.

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yes they did, they have their own token, and the ICO is ongoing, i believe the lmgx sto will be in 2027. they utilization is brilliant for their traderspot that increases with each trade made. not to mention is starts at 100k token. well done

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it being unique thing, this kind of utilization is fairly new, might as well be the first of its kind, exciting and im looking forward to how it unfolds long term, im actually rooting for it to succeed.

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that might be the case, but it still limits the financial income individuals have. and its a negative thing, especially for traders that make a living out of trading. 

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yup thats true, persistence is the key in forex, and i've been doing it for more than a decade, not rich by any means, but it did make me some spare time to other things i love.

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