LMAX

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BrokerLMAX
CompanyLMAX Limited # 06505809
Year since2010
HeadquartersLondon, United Kingdom
RegulationFCA(UK) # 509778
ModelSTP+DMA
US Clientsno
Min Deposit($)10000
ECN Account Min Deposit($)no
ECN Commission($)/rtl(Round Turn Lot)
Offer Fixed Spreadno
Offer Variable Spreadyes
EURUSD Lowest spreads (pips)>0
Account CurrencyUSD, EUR, GBP, AUD, CHF, JPY, CAD, SEK, SGD
Max Leverage100
Minimal Lot0.1
Deposit MethodBank Wire, Credit Card, Debit Card
Withdrawal methodBank Wire, Credit Card, Debit Card
Scalpingyes
Hedgingno
All EAs Allowed
Currency Pairs67 (33 )
Goldyes
Gold Spread(100oz)36
Silveryes
Silver Spread(5000oz)20
Oil
CFDsyes
Other InstrumentsFutures, Indices, Commodities
MAM/PAMM AccountsMAM
Managed Accountsno
Swap-free accountsno
Segregated Accountsyes
Interest on Marginno
Bonuses & Rewardsno
Trading contestsno
Trading platformLMAX
Platform ExecutionMarket execution
Platform Time ZoneGMT
Trailing stopsno
OCO ordersno
One-click executionno
Trade with mobilephoneyes
Trade in browseryes
APIyes

Company: LMAX Limited # 06505809

LMAX1.52

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3 thoughts on “LMAX

  1. Jun Yan says:

    Rating

    LMAX robbed $3668 from me. They are not “Exchange” as they said, they are liars.
    On Dec 16th, 2014 they suddenly changed the USD/RUB margin requirement to 100% and they sent an email to me only 8 minutes ago. After that they closed my position as soon as possible. Before that I use margin level no more than 50%. I have sufficient maintain margin.

    Margin requirement of 100%? Do you believe it? This is just to close all your position.
    This is robbing, I am sure.

    Do not trade on this platform, for I have traded for more than 3 years, this is the only company that can do like this, directly rob your money to their pockets.

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    Feedback: 1 positive, 1 negative
  2. deva says:

    LMAX fills are very fast and I don’t see any slippage issues (under 1 standard lots).
    They also offer free multicharts, which is great for order management and charting.

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    Feedback: 1 negative
  3. Tn says:

    Rating

    Their spreads are low, but low spreads means nothing at face value, can they fill 5 standard lots with minimal slippage within milliseconds? I have traded with LMAX, terrible slippage and spreads blow out in Asian session. I’m sure they will get better in the future, however at the moment I will choose other brokers. Amongst experienced traders I’ve spoken to there are still questions about their liquidity pool.

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    Feedback: 1 positive