LCM FX Broker Review 2025

LCM FX provides access to 30+ financial instruments across two asset classes, including Forex and Metals with a minimum deposit of $100. The broker supports Skrill and bank payments.

LCM FX (An Introduction to the Company and its Regulatory Status)

LCMFX is an STP brokerage firm operating as a brand name of Lucror Ltd, registered in the UK (Company No. 05975456). However, the broker is not regulated by any financial authority.

This lack of regulatory oversight raises significant concerns about the safety and security of client funds, as well as the overall compliance and transparency of the broker's operations.

LCM FX Table of Specifications

LCMFX was founded in 2017. Here are some other specific details about the Forex broker.

LCM FX Broker Account Types

The company offers two main account types with different entry barriers, spreads, and maximum order sizes.

LCM FX Advantages and Disadvantages

The broker supports the use of EAs and copy trading. However, like any other trading platform, it has weaknesses, too. To have a balanced view, let’s weigh the LCMFX’s upsides against its downsides.

While LCM FX offers some attractive features like competitive spreads and high leverage, the lack of regulation and Forex tutorials are significant drawbacks that traders should carefully consider before opening an account.

LCMFX Registration and KYC Verification

We must discuss the required documents for account opening in this LCM FX review. To complete the LCMFX registration process, follow the steps below, but get your ID and residence documents ready before starting.

#1 Access the LCM FX Registration Portal

Visit the official LCM FX website and click on "Open Live Account" to begin your registration.

#2 Create Your Login Credentials

Set up your username and secure password. Fill in personal information, such as your full name and date of birth.

#3 Enter Contact & Residential Information

Input your full address, phone number, and country of residence. This information ensures the entry level of identity verification and legal compliance.

#4 Complete Financial & Employment Profile

Disclose your employment status, income source, investment size, and estimated net worth to assess trading suitability.

#5 Verify Your Identity

To pass the KYC, provide proof of identity (driver’s license or passport) and proof of residence (recent utility bill or bank statement).

What Trading Platforms Are Available on LCM FX Broker?

LCMFX supports only one trading platform: the industry standard and popular MetaTrader 4. You can utilize various trading features, such as Expert Advisors (EAs) and 50+ MT4 indicators, via this platform. MT4 is available in various versions, including:

• Desktop
• MT4 Android
• MT4 iOS

The broker provides a Multi Account Manager (MAM) program through the MT4 platform for professional money managers to execute trades simultaneously on all of their followers’ accounts.

LCM FX Fees and Commissions

LCMFX provides free-commission trading conditions with no hidden fees. The broker’s fee structure mainly consists of spreads and swaps. There is no specific data available on swap rates, but here’s a list of spreads in the two account types.

LCMFX Payment Methods

The company comes short in regard to deposit/withdrawal options since it doesn’t support Crypto transactions and Credit/Debit Cards. LCM FX main payment options:

Does LCM FX offer Investment Plans or Copy Trading?

The broker does not offer traditional copy trading or social trading features. It also doesn’t provide any exclusive investment plans. However, LCMFX does present the MT4 Multi-Account Manager (MAM) solution, which allows:

• Money managers to trade multiple client accounts simultaneously
• Allocation of trades across various accounts
• Customizable allocation methods (balance and equity)

LCM FX Trading Assets

Offering limited trading instruments is one of the biggest weaknesses of LCMFX.

The company offers only a limited range of 30 tradable assets across the Metal and Forex markets.

• Forex: Trade major and minor currency pairs from 0:00 Monday to 0:00 Sunday
• Metals: Gold (XAU/USD) with a leverage of up to 1:50 and Silver (XAG/USD) with a 1:25 maximum leverage

LCMFX Broker Promotions

Promotion is one of the most attractive topics in all of LCM FX reviews. However, the broker disappoints in this aspect as well, since it doesn’t offer any traditional bonuses, such as no deposit or welcome gifts. But LCM FX offers a comprehensive partnership program for:

• Introducing Brokers (IBs)
• Strategy Providers
• Financial companies (White Label)
• Forex Educators/Trainers

How to Reach LCM FX Customer Support?

The company provides 24/5 support through various channels, including phone calls, email, and a dedicated feedback form.

• Phone: +64-9-9722150
• Email: support@lcm-fx.com
• Feedback Form: Available on the “Contact Us” page
• Skype: Deactivated

LCM FX Red Flag Countries

As a brand name of Lucror Ltd., registered in the UK, the broker is obliged to deny services to “Caribbean Islands” and “UN Sanctioned” countries, including:

• Afghanistan
• Central African Republic
• Democratic Republic of Congo
• North Korea
• Guinea-Bissau
• Iran
• Libya
• Mali
• Somalia
• South Sudan
• Sudan
• Yemen

LCMFX User Ratings and Trust Scores

User Satisfaction may be the most important topic in all LCM FX reviews. You can get a good sense of the broker’s service quality and reliability by exploring its ratings on reputable websites.

The LCMFX Trustpilot profile has a score of 2.9 out of 5. Two TP users have rated LCM FX as a 1-star broker (the lowest rating).

Does LCMFX Provide Educational Resources?

While the company doesn’t offer any educational resources, it provides an exclusive economic calendar and a dedicated blog covering various topics, including:

• Fundamental/Technical analysis
• Market news
• Tutorials
• Trading Strategies

LCMFX in Comparison to Other Brokers

The brokerage is compared against other companies in the table below:

Conclusion and Final Words

LCM FX offers spreads from 0.9 pips and MAM accounts through the robust MetaTrader 4 platform. The broker isn’t regulated by any respected authorities and has an average TrustPilot score of 2.9.