LKM Groups Account Type

LKM Groups offers four different account types for traders:

• Economy Class Account
• Minimum Spread: 2.1 pips
• Suitable for beginner traders looking for lower entry costs.
• Premium Class Account
• Minimum Spread: 1.3 pips
• Designed for more experienced traders who require tighter spreads.
• First Class Account
• Minimum Spread: 0.8 pips
• Ideal for traders focusing on reducing trading costs and maximizing profits.
• Business Class Account
• Minimum Spread: 0.6 pips
• Tailored for professional traders seeking the best trading conditions.

All accounts operate on a spread-based system with no additional commissions, and the minimum deposit is reportedly around 500 EUR, although this may vary. The maximum leverage available is up to 1:200, depending on the account type and trading instruments.

LKM Groups Broker Account Opening Process

To open an account with LKM Groups, follow these steps:

• Visit the Website: Navigate to the official LKM Groups website.
• Choose Account Type: Select the desired account type from the four options available.
• Complete Application Form: Fill out the online application form with your personal information, including name, email, and phone number.
• Deposit Funds: Make the required minimum deposit, which is estimated to be around 500 EUR. Payment methods may include bank wire transfer and credit/debit cards.
• Verification: Complete any necessary verification processes as required by the broker.
• Start Trading: Once your account is set up and funded, you can begin trading on the MetaTrader 4 platform.

Ensure to check the specific requirements and terms on the LKM Groups website before proceeding with the application.