WikiFX

Reply

In my evaluation of LME as a trading venue, I need to emphasize that LME is not subject to valid financial regulation at this time. This is a crucial consideration in my due diligence process whenever I review a broker. From the information available, despite its long operational history and UK address, LME clearly lacks any oversight from recognized regulators. There are warnings about a “suspicious regulatory license” and explicit notices indicating “no valid regulations”—both red flags in my experience. The lack of regulation means there are no external safeguards or formal avenues for dispute resolution in the event of conflicts or insolvency. For me as a trader, regulation is not just a bureaucratic point; it is foundational for the security of client funds, transparency in operations, and fair dealing. The presence of regulation typically offers a degree of recourse and protection that, in my view, is extremely hard to substitute through company reputation alone. Given these findings, I would exercise heightened caution considering any engagement with LME. Without supervision from bodies such as the FCA or ASIC (which comparable brokers do fall under), I consider LME’s environment very risky for retail traders, regardless of its operational history or the diversity of its contact channels. For me, the absence of regulatory backing is a decisive factor against entrusting funds or trading through this venue.