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zack18
1-2 years

Is it possible to deposit funds into my LME account with cryptocurrencies such as Bitcoin or USDT?

Broker Issues
LME
Deposit
Withdrawal
06-23
United States
WikiFX
Reply

As an experienced trader evaluating LME based on the available information, I need to emphasize that LME's trading offerings are quite specialized and limited exclusively to various types of metals—such as non-ferrous, ferrous, EV, and precious metals. Critically, LME does not support forex, commodities, indices, stocks, or cryptocurrencies on its trading platforms. Also, there is no mention of support for MT4 or MT5 platforms, which typically provide broader deposit options, including crypto. Regarding deposit methods, there is no clear or explicit indication that Bitcoin, USDT, or any other cryptocurrencies are accepted for funding an account with LME. The context specifically focuses on their proprietary platforms (like LMEselect and the Ring) and lacks references to any crypto-related financial transactions. Additionally, with LME operating without any recognized regulatory oversight and having a suspicious regulatory license, I would be highly cautious about attempting to deposit funds—especially via non-traditional, irreversible channels like crypto. From my perspective, the absence of both regulatory protection and reliable documentation about crypto payments means that attempting to deposit using cryptocurrencies would be highly inadvisable. For me, this environment does not meet my minimum standards for security or trust. I would recommend extreme caution and would personally avoid transferring any funds—especially via crypto—until the broker offers clear, regulated, and transparent deposit processes.

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