Wikilix
LCM logo

LCM

No Regulation
Turkey
,
Since 2023
Last Updated:
46/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1000
Account Types
StandardZeroSpread only+1 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
Free

Credit/Debit Card (Visa/MasterCard)

credit card
Instant
Fee:
Free
Fee:
Free

Skrill

e wallet
Instant
Fee:
Free
Fee:
Free

Bitcoin

crypto
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 0%, 2: License 0%, 3: Software 50%, 4: Spread 0%, 5: Account Type 42%, 6: Symbol 0%
Regulation
0%Poor
License
0%Poor
Software
50%Fair
Spread
0%Poor
Account Type
42%Poor
Symbol
0%Poor
No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:LCM
Founded:2023
Headquarters:Turkey
Enterprise Offices:1offices

Customer Support

Phone:
+90 212 271 00 68
Live Chat:
business_hours
Response Time:
Languages:
English
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Is LCM a scam?

Wikilix independent safety report

Read the full report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
2.5/5Safety rating 2.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.

LCM (lcmfx.com) is an unlicensed offshore broker that we rate high risk, and its deposit portal is now offline. LCM trades as 'London Currency Markets' but holds no forex licence anywhere, and it pre…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation7/10 · HighIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Identity & transparency6/10 · HighHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Withdrawals & conduct6/10 · HighCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Reputation6/10 · HighWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Website claims6/10 · HighWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Operational history5/10 · ModerateHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).

Broker Summary

Summary of the broker

Introduction & Overview

LCM is a trading broker and financial services provider with an online platform that enables individuals or organisations to take part in different types of Financial markets. Although there isn’t a lot of publicly accessible detail regarding LCM, what we do know is included below; therefore this will serve as our guide when explaining what to consider when using this broker.

It is important that traders understand how a broker operates, the relevant regulations it falls under, its trading conditions, and finally, its user experience when using their platform. Therefore, this article provides a structured explanation of all these areas coupled with information on what "LCM" means within the Financial Services Sector.

The Background/History Of LCM is limited due to the lack of publicly-available information. LCM operates as a trading broker in the Financial Services industry, focusing on offering its customers the ability to trade on a wide variety of markets. Without publicly available historical/later records or reports regarding LCM's founding date or growth over time and leadership, it has been challenging to establish these characteristics.

Even with limited information, LCM's presence within the Trading Industry indicates its commitment to providing traders with the ability to access the markets. However, there is limited information available about LCM's history, including how it has grown and developed over time.

LCM has a number of key features, including the ability to trade on a wide range of Financial Instruments. However, as there are no specific details about the products offered by brokers in this category, typically brokers in this category offer access to Forex, Commodities, Indices and likely Cryptocurrency Trading.Limited details are provided to the public by LCM concerning its various trading accounts and trading platforms, therefore making it difficult for traders to precisely evaluate whether LCM provides suitable trading options for them.

A broker's regulatory compliance serves as an indicator of how reliable and safe a broker is; however, without more evidence of being licensed and compliant with regulations, it is impossible to determine if LCM would be a wise choice as a trader. Security and protection from regulators and regulatory bodies is paramount among traders, and none of the public resources currently available outline any evidence regarding LCM's protection from regulatory agencies.

In order to understand how compliant LCM is with their regulations, we have provided below a summary chart of information provided by the respective regulatory body(s).

*Regulator Licence No. Status

*Not Available Not Available

*Not Available Not Available

*Not Available Not Available

Very limited publicised information exists regarding Spreads, Leverage, and Minimum Deposits; therefore, for any trader, the absence of this information creates a serious obstacle for them when determining which broker to work with. Brokers typically provide varying amounts of Leverage and competitive spread prices to attract various segments of the trader market.

LCM has not disclosed any publicly available data concerning which Trading Platforms it offers and whether it currently has Proprietary Software for its clients. The Trading Platform used by LCM influences many areas, such as a trader's speed of execution, the ease of potential misuse of their Trade System, and a trader's overall user experience.

The limiting amount of publicly available data demonstrates in the following chart the current knowledge and availability concerning all trading conditions available with LCM.

Lowered Fee Type Fee Structure

Deposit Fees: Limited public knowledge about deposits

Withdrawal Fees: Limited public knowledge about withdrawals

Commission Fees: Limited public knowledge about commissions

conclusion

LCM has yet to provide enough public available data necessary for traders to fully assess their offerings, and as such, traders should be cautious in any future interactions with LCM. The lack of public data demonstrating transparency and compliance means that traders have to conduct a significant amount of research in order to determine whether it is appropriate for them to deposit or withdraw funds with LCM. The current knowledge from this article is meant to provide a basis for understanding LCM to anyone interested.

Regulatory Licenses

Compliance & oversight

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for LCM. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.

What this means for you

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
View other brokers

Account Types

Trading account options

4 types
Standard
Standard
Leverage 1:1000 • Commission Zero commission
Leverage1:1000
CommissionZero commission
Zero
ECN
Leverage 1:1000 • Commission $10 per round lot
Leverage1:1000
Commission$10 per round lot
Spread only
Standard
Leverage 1:1000 • Commission Zero commission
Leverage1:1000
CommissionZero commission
VIP
VIP
Leverage 1:1000 • Commission Zero commission
Leverage1:1000
CommissionZero commission
4
Total Types
3
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

4 methods
Bank Transfer
Bank Transfer3 min
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:USD 100
Max:N/A
Processing times may vary depending on the bank and country; available in regions where LCM FX operates.
Credit/Debit Card (Visa/MasterCard)
Credit CardInstant
Deposit
Fee:Free
Min:USD 100
Max:N/A
Withdrawal
Fee:Free
Min:USD 100
Max:N/A
Processing times may vary depending on the card issuer; available where Visa and MasterCard accepted.
Skrill
E-WalletInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:Free
Min:USD 50
Max:N/A
Processing times may vary depending on Skrill account and country; available where Skrill operates.
Bitcoin
CryptocurrencyInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:Free
Min:USD 50
Max:N/A
Processing times may vary depending on Bitcoin network and country; available where Bitcoin transactions are permitted.
4
Free Deposit
4
Instant
1
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Global Domains

Worldwide web presence

2 sites
🌐
http://secure.lcmtrade.com
Unknown
Active
SSL
🌐
http://lcmtrade.com
Unknown
Active
SSL
2
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

LCM LLC

Turkey
active

Registration

19038539

Established

2019-03-13

Company Registration

Legal entity checked against the official company registry

Not confirmed on registry

Legal entity

LCM LTD

Registration number

2023-00111

Jurisdiction

Saint Lucia

Registry

Registrar of International Business Companies (Saint Lucia)

From our latest investigation · Verified Aug 24, 2026

Comments

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