LCM

General Information & Regulation

LCM is an offshore broker registered in Saint Vincent and the Grenadines, and advertises that it offers trading in FX, Commodities, Indices and Stock CFDs. LCM doesnt hold any license to operate financial services.

Markets Instruments

LCM advertise that it offers more than 100 financial instruments, including forex currency pairs, commodities, indexes, stocks.

Minimum Deposit

The minimum deposit is stated to be $100, but once we made an account, it turned out that it is actually $200 – not that it matters when most of its competition can open an account for about $10.

Leverage

The leverage LCM offers, however, is not okay – 1:1000 is too much for retail traders, as a majority of the regulatory bodies out there have ruled.

Spreads & Commissions

LCM only advertises that it offers low spreads, as low as 0 pips, but does not specify spreads on particular instruments.

Trading Platform Available

LCM provides access to industry-leading trading platform MT5 – the platform has earned that distinction with its comprehensive UI and powerful automated trading features.

Deposit& Withdrawal

LCM only accepts deposits via Bitcoin. Bitcoin is not eligible for a chargeback at all. As for withdrawals, LCM never specifies what kind of fees it charges on them – but considering how shady the broker is already, we fully expect them to be quite difficult and expensive.

Customer Support

LCM claims that it offers 24/7 customer support. And they can be reached via email: support@lcmfx.com, telephone: +1 784 485 61 48 and live chat. Additionally, they are also available on some social media platforms, including Facebook, Twitter, Instagram, Youtube and Linkedin.