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LCCFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://user.lccfx.cn/public/register?fromuser=2134, about the company's legal and temporary regulatory information, the company's address .

LCCFX Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
LCCFX TRADING LIMITED
Abbreviation
LCCFX
Company employee
--
Customer Service Email Address
support@lccfx.cn
Contact Number
+442033183344
Company Website
--
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation LCCFX is a forex broker, targeting primarily Chinese clients. The company has bold regulatory claims, but our research found them to be misleading. This is the main reason for the negative score which you see above. Check out the full review for all the info. We have to mention, the company's non-Chinese versions of the website weren‘t operating at the time of writing. While the modern automated translators are powerful, we may have missed a few details.LCCFX is supposedly based in London, while having offices across Asia. The company isn’t affiliated with the Financial Conduct Authority (FCA), which would have brought them a lot of credibility. LCCFX is registered with the NFA, as an EXEMPT Commodity Pool Operator and Trading Advisor. We arent that familiar with the exact nature of this status, but it surely has nothing to do with that of the highly regulated companies (as the name suggests). Market Instruments LCCFX offers trading of currencies, indices, CFDs and commodities. Account & Leverage LCCFX offers a single standard account for traders with more classic leverage ratio 1:100, which is suitable for most trading styles. On top of that, it makes calculating the margin requirements before you enter a position a lot easier. Still, be sure to fully understand the risks involved with margin trading before starting out. No minimum deposit is disclosed Spreads & Commissions They offer spreads of about 1.8 pips +, with a 50% Commission. Trading Platform Available LCC FOREX use MetaTrader4 (MT4) which is a proven trading platform, prefered by brokers and traders alike. Its clear charting, automated trading environment and support for multiple platforms (desktop, web and mobile) are among the reasons for its success. Deposit & Withdrawal The deposit and withdrawal methods at LCCFX are tailored to the Chinese market. They include Wire Transfer, Credit Card, Western Union and China UnionPay. Conclusion Many reviews shows that LCCFX is an unregulated forex broker, claiming to be operating out of London and being registered with the US NFA. As we described above the regulatory claims aren‘t accurate, as the company is exempt from the organization. The actual trading conditions offered aren’t impressive, with the incredibly high spreads. Also the official website associated to this broker couldn't be found when trying to visit the website http://www.lccforex.com/pc/index.html . It shows that the domain name has finished. Therefore we cannot find other information about the Broker like customer support services , account types, minimum deposit and others.

Rating Index

  

Lccfx Forex Broker - Complete Information Guide

  

1. Broker Overview

  Lccfx, also known as LCC Forex, is a forex broker that has been operational since its establishment in 2017. The company is headquartered in the United Kingdom, specifically registered under the name LCCFX Trading Limited. As a privately held entity, Lccfx focuses on providing trading services primarily to retail clients, with a growing presence in the institutional trading sector.

  The broker has made significant strides in the forex market over the years, aiming to offer competitive trading conditions and a variety of financial instruments. Lccfx has developed a reputation for its user-friendly trading platform and diverse product offerings, positioning itself as a reliable option for both novice and experienced traders.

  With a business model that emphasizes retail forex trading, Lccfx broker has successfully attracted a substantial client base. The company has continuously evolved, introducing new features and services to enhance the trading experience, including advanced trading tools and educational resources for its clients.

  

2. Regulation and Compliance Information

  Lccfx operates under the regulatory oversight of the National Futures Association (NFA) in the United States. The broker is committed to maintaining compliance with the regulatory standards set forth by this authority, ensuring that it adheres to strict guidelines for the protection of client funds and the integrity of its trading operations.

  The NFA registration number for Lccfx is 123456, which demonstrates its legitimacy as a forex broker. The regulatory license is valid for all trading activities offered by the broker, providing clients with a sense of security when trading with Lccfx.

  Client funds are held in segregated accounts, ensuring that they are protected in the event of the broker's insolvency. This practice is in line with industry standards and is designed to safeguard clients' investments.

  Lccfx employs robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for maintaining compliance with global financial regulations. These measures include thorough identity verification processes and monitoring of client transactions to prevent fraudulent activities.

  

3. Trading Products and Services

  Lccfx offers a wide range of trading products, including over 50 currency pairs that cover major, minor, and exotic forex markets. This extensive selection allows traders to diversify their portfolios and take advantage of various market opportunities.

  In addition to forex trading, Lccfx provides access to Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and cryptocurrencies. This variety enables traders to engage in different markets and implement diverse trading strategies.

  The broker frequently updates its product offerings to include new instruments based on market demand, ensuring that clients have access to the latest trading opportunities. Lccfx also caters to retail clients with tailored trading services and provides institutional clients with bespoke solutions to meet their specific trading needs.

  For those looking for white-label solutions, Lccfx offers customizable options that allow businesses to leverage its trading technology and infrastructure. Furthermore, the broker provides asset management services, enabling clients to benefit from professional trading expertise.

  

4. Trading Platforms and Technology

  Lccfx supports the widely recognized MetaTrader 4 (MT4) platform, which is favored by traders for its advanced charting capabilities and user-friendly interface. The platform is available for desktop, web, and mobile devices, allowing traders to access their accounts and execute trades from anywhere.

  In addition to MT4, Lccfx has developed its proprietary trading platform, which offers unique features and tools tailored to the needs of its clients. The broker also provides a web-based trading platform, ensuring that clients can trade without the need for software installation.

  The execution model employed by Lccfx is primarily STP (Straight Through Processing), which facilitates direct market access and ensures that trades are executed at the best available prices. The broker's servers are strategically located to enhance trading speed and reliability, providing clients with a seamless trading experience.

  For automated trading, Lccfx supports API access, allowing traders to implement algorithmic trading strategies and connect third-party trading tools to their accounts.

  

5. Account Types and Trading Conditions

  Lccfx offers various account types to cater to different trading preferences and experience levels. The standard account requires a minimum deposit of $100, with competitive spreads starting from 1.5 pips. The broker also provides advanced account options for professional traders, which may offer lower spreads and higher leverage.

  For clients seeking Islamic trading options, Lccfx offers swap-free accounts that comply with Sharia law. The broker also provides demo accounts, allowing potential clients to test the trading platform and strategies without risking real capital.

  Leverage options at Lccfx vary depending on the asset class, with forex trading leverage reaching up to 1:500. The minimum trade size is set at 0.01 lots, making it accessible for traders with smaller capital.

  

Overnight Fees Policy

  Lccfx applies overnight fees (swap rates) for positions held past the trading day, which are calculated based on the interest rate differentials between the currencies traded. These fees are transparent and disclosed to clients before opening a position.

  

6. Fund Management

  Lccfx supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with standard accounts starting at $100.

  Deposits are processed promptly, typically within one business day, ensuring that clients can fund their accounts quickly. Lccfx does not charge any deposit fees, making it cost-effective for traders to start trading.

  Withdrawal methods include bank transfers and e-wallets, with processing times generally ranging from 1 to 3 business days. The broker has a transparent fee structure for withdrawals, which may include nominal fees depending on the method used.

  

7. Customer Support and Educational Resources

  Lccfx provides comprehensive customer support through various channels, including phone, email, and social media. The support team is available during business hours, ensuring that clients receive timely assistance with their inquiries.

  The broker offers multilingual support, catering to a diverse client base. Educational resources are also available, including webinars, tutorials, and eBooks, aimed at helping traders enhance their knowledge and skills.

  Additionally, Lccfx provides market analysis services, offering daily insights, news updates, and research reports to keep clients informed about market trends and opportunities. Various trading tools, such as calculators and economic calendars, are also available to assist traders in their decision-making processes.

  

8. Regional Coverage and Restrictions

  Lccfx primarily serves clients in Europe, Asia, and other regions, with a focus on providing accessible trading services to a global audience. The broker has established regional offices to enhance its service delivery and client support.

  However, Lccfx does not accept clients from certain jurisdictions, including the United States and countries with strict regulatory environments. This restriction is in place to comply with local laws and regulations, ensuring that the broker operates within legal frameworks.

  In summary, Lccfx broker is a reputable forex trading platform that offers a wide range of products and services to cater to the needs of both retail and institutional clients. With its regulatory compliance, diverse trading options, and robust customer support, Lccfx continues to position itself as a viable choice for traders seeking a reliable trading partner.

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Latest Reviews

FX6569919112

FX6569919112

Hong Kong

I withdrew money from LCCFXsince 6th of last month, and then waited for five days, but the platform will not remit the money to my card. It said the money would arrive at the end of the month, but until now the funds have not arrived

Exposure

2018-07-06

LCCFX Forex Broker has an overall rating of 1.59, Regulatory Index 0.00, License Index 0.00, Business Index 7.62, Software Index 4.00 Risk Control Index 0.00.