What Account Types and Fees Does LME Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Access to a wide range of trading instruments, user-friendly platform |
Suitable for small-capital traders |
| Professional Account |
Experienced traders and institutions |
Higher leverage, lower spreads, access to advanced tools |
Requires minimum trading volume and documentation |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation and qualifications |
| Islamic Account |
Clients seeking swap-free trading |
Complies with Sharia law, no interest charges |
Requires verification of eligibility |
| Demo Account |
All levels of traders |
Practice trading without risk, access to virtual funds |
Available for all potential users |
Account Opening Process
To open an account with LME, prospective clients must follow a systematic process. Initially, they need to submit personal information, which includes their name, address, and contact details. Following this, employment and financial information must be provided to assess the client’s trading capacity. An essential part of the application is identity verification, which requires uploading a government-issued ID and a proof of address, such as a utility bill or bank statement. LME offers flexibility in account types; clients can upgrade from a retail to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for major pairs |
| CFDs (Stocks) |
1.5 |
$0.1 per share |
Variable based on stock |
| CFDs (Indices) |
1.2 |
$0 |
Includes major indices |
| CFDs (Commodities) |
2.0 |
$0 |
Includes energy and metals |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Clients should be aware of additional costs associated with their LME accounts. Deposit and withdrawal fees may apply, depending on the payment method used. An inactivity fee is charged if an account is dormant for an extended period. If applicable, platform usage fees may be incurred, along with overnight interest (swap rates) for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
