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/10

LCMFX

New Zealand|5-10 years|
White label MT4|Regional Brokers|High potential risk|

https://www.lcm-fx.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

Lucrorfx-Demo

United States
MT4
2

Influence

C

Influence index NO.1

United States 3.26

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
Lucrorfx-Demo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

United States 3.26

Surpassed 82.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+64 9.972.2150
Support@lcm-fx.com
https://www.lcm-fx.com

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+64 9.972.2150

Broker Information

More

Company Name

Lucror Ltd

Company Abbreviation

LCMFX

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-05-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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LCMFX · Company Summary

GENERAL INFORMATION AND REGULATION

LCMFX is a foreign and commodity broker that accepts customers globally and offers them exceptional and personalized services, unparalleled trading instruments, and the latest trading software. With LCMFX, one can access global financial markets and use an award-winning trading platform MT4 and mobile apps. The company offers highly competitive pricing, informative charting, and sophisticated execution technology. LCMFX introduces modern technologies and systematically expands the range of assets and trading tools.

According to disclaimer posted at the footer of their homepage, Lucror Capital Markets claims to be the owner. What this company claims is not true, being located in New Zealand is false. Scam artists will do or say anything to try and make their platform appear real. After checking with the registrar of companies in New Zealand, NO results popped up. Make sure to check whether a broker is properly registered as they claim. As it turns out, LCM FX is another fake website, stay away.LCM FX is not licensed to offer any Forex trading services anywhere on the world. In order to ascertain this claim, we had to contact some of the leading regulatory bodies. We contacted ASIC, CySEC, FCA, and NFA in attempt to confirm their licensing details. All these regulatory bodies have never heard of this brokerage firm. Simply stay away from this platform.

MARKET INSTRUMENT

LCMFX is good in offering the long-range of instruments like Forex, Indices, Metals, Commodities and trading option.

ACCOUNT AND LEVERAGE

LCM FX is offering two types of accounts to choose from. Accounts are named STP Trade and Pro Trade accounts. Theres no real advantage of trading with either of these accounts. Why would a broker offer two different accounts with same trading advantages? Only notable difference is their minimum acceptable deposit. They ask for $100 and $500 for each account type as depository requirement.

SPREADS AND COMMISSIONS

According to the contract specifications on LCM-FX ‘s website, the EURUSD spread on STP accounts is starting from 1.8 pips, which is higher than the average spreads in the sector. Besides, when we tested the broker’s MT4 in demo mode, we traded with a spread of around 1 pips on EUR/USD, but a commission of $9 applied per standard lot.

TRADING PLATFORM AVAILABLE

Another disturbing issue we found is with their platform, they have an unstable MT4 platform. In order to test how well their platform works, we tried their demo account. Platform is not well secure and lacks proper SSL Encryption. We also noted their website lacks proper security features such as protection from DDoS attacks. Whoever signs up should expect multiple attacks from third parties. Hackers will try and steal credit card information by attacking their MT4 trading platform.

DEPOSIT AND WITHDRAWAL

Add, transfer or withdraw funds using the payment method most convenient for you, either through Visa, MasterCard, Skrill and bank transfer.

CUSTOMER SERVICE

LCMFX offers reliable multilingual customer support 24/7 through live chat, telephone and email.

News

WikiFX Review: LCMFX, Something you may not know before reading this

NewsWikiFX Review: LCMFX, Something you may not know before reading this

2022-05-26 17:15

LCMFX is a New Zealand-based forex broker. Can you withdraw money from LCMFX? What is the leverage ratio of LCMFX? WikiFX made a comprehension review on this broker to help you better understand it. We will analyze the reliability of this broker from specific information, regulation, exposure and etc. Let’s get into it.

WikiFX
2022-05-26 17:15
News
WikiFX Review: LCMFX, Something you may not know before reading this

User Reviews

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阿革
more than one year
Why does everyone say that this company is a scam, I just recently opened a demo account, and I feel good using it. Spreads are low, the MT4 platform has many features, the interface is clear, and the execution speed is fast. My experience is very good, so I planned to open a real account to trade, but now that I see these negative comments, I am a little hesitant...
2023-03-21 10:30
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0
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领头雁
more than one year
Scammers! Just stay away from these people. If you don't play along they even get aggressive on the phone. They want to see what is in your bank account at any time, no scruples!
2023-03-03 15:58
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