Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
maseko
Within 1 year

How do the different account types available on the LME compare to each other?

Broker Issues
LME
Account
Platform
Instruments
Leverage
09-01
United States
WikiFX
Reply

As an independent trader with years of experience, I need to emphasize that my evaluation of LME is grounded in a close review of public information. Based on what I’ve researched, LME does not follow the typical forex broker model and, as such, does not offer the standard range of account types that traders might expect—such as demo, standard, or ECN accounts. Instead, LME provides access to specific metal trading through a few unique platforms: LMEselect (an electronic system), open outcry trading known as “the Ring,” and a 24-hour telephone market. These aren’t “account types” in the sense most retail traders are accustomed to; rather, they’re alternative trading venues suited primarily to institutional or professional metals market participants. There is no mention of MT4 or MT5 support, which is a significant limitation for traders who depend on modern analytic or algorithmic tools. Crucially, LME is currently not regulated by any financial authority. This absence of oversight raises my risk assessment considerably, since even basic account protections cannot be guaranteed. Given these considerations, I do not see a range of account types or account benefits that would be relevant or accessible to the ordinary retail trader. From my perspective, anyone seeking a variety of transparent, well-regulated account options—particularly in currency trading—would be wise to proceed with caution, or to look elsewhere for a broker with robust regulatory standing and clear account offerings.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com