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Broker
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Franko Knavs
Within 1 year

Have you experienced any drawbacks with LME’s customer service or issues with how stable their platform is?

Broker Issues
LME
Regulation
07-04
United States
WikiFX
Reply

Drawing from my own experience as a trader who prioritizes both regulatory security and user support, I have some considerable reservations when it comes to LME. One of my key concerns is the firm’s complete lack of valid regulation. For anyone serious about safeguarding their funds, operating with an unregulated broker like LME increases the risk that disputes or service failures may not be fairly mediated by any independent authority. In my trading journey, I’ve learned this is not a trivial risk, especially when significant capital is on the line. Regarding customer service, I always look for responsive and transparent channels. While LME does offer several ways to get in touch—email, telephone, and various social platforms—the absence of positive user feedback makes it difficult for me to gauge how reliable their support is during critical times. Notably, I came across user reports describing serious issues, such as untracked deposits and accounts being inaccessible. Although this is only a single report, it does reinforce my personal caution around the lack of regulation. On the technical side, I find it limiting that LME does not support industry-standard trading platforms like MT4 or MT5. Their proprietary tools might serve niche professionals, but for me, the lack of familiar, robust platforms increases operational uncertainty and makes it harder to manage my trades confidently. All things considered, these factors have kept me from entrusting LME with my own trading capital. My risk management approach dictates that stability, user protections, and proven customer support are essentials I can’t compromise—none of which I currently see affirmed with LME.

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