LCMFX Forex Broker keeps up-to-date with the latest trading account information, including STANDARD TRADE, PRO TRADE maximum leverage of 1:500 (Currency) 1:50 (Metal), trading varieties, and more
Rating Index
Pros
High leverage options up to 1:500 for currency trading, allowing for potentially greater returns.
Low minimum deposit requirement of $100, making it accessible for new traders.
Offers a widely-used trading platform (MetaTrader 4), which provides a range of tools and features for traders.
Cons
Lack of valid regulation, raising concerns about safety and fund security.
High spreads starting from 1.8 pips, which may not be competitive compared to other brokers.
Limited range of trading instruments, primarily focusing on currency pairs and metals, which may not suit all traders.
LCMFX broker Accounts
STANDARD TRADE
PRO TRADE
LCM FX Account Types
LCM FX offers a variety of account types to cater to different trading styles and experience levels. The available account types include:
- Standard Account
- Spreads: From 1.2 pips
- Max Leverage: 1:1000
- Min Lots: 0.01
- Commission: Zero commission
- Swap-Free: Yes
- Zero Commission Account
- Spreads: From 0.0 pips
- Max Leverage: 1:1000
- Min Lots: 0.01
- Commission: $10 per round lot
- Swap-Free: Yes
- Fixed Spread Account
- Spreads: From 1.5 pips
- Max Leverage: 1:1000
- Min Lots: 0.01
- Commission: Zero commission
- Swap-Free: Yes
- VIP Account
- Spreads: From 0.6 pips
- Max Leverage: 1:1000
- Min Lots: 0.01
- Commission: Zero commission
- Swap-Free: Yes
Register: Visit the LCM FX website and click on the “Open a Live Account” button. Fill out the registration form with your personal details.
Upload Required Documents: After registration, you will need to upload the necessary documents for verification, such as identification and proof of address.
Make a Deposit: Choose a convenient payment method and fund your account. The minimum deposit required is $100 for the Standard Account.
Download the Platform: Download the MetaTrader 5 (MT5) platform, log in with your credentials, and start trading.
Each account type is designed to meet different trading needs, ensuring that traders can find a suitable option based on their preferences.
LCM FX Broker Account Opening Process
Opening an account with LCM FX is a straightforward process that consists of the following steps:
This process allows traders to quickly set up their accounts and begin trading in the financial markets.
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