LMAX

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Broker LMAX
Company LMAX Limited # 06505809
Year since 2010
Headquarters London, United Kingdom
Regulation FCA(UK) # 509778
Model STP+DMA
US Clients no
Min Deposit($) 10000
ECN Account Min Deposit($) no
ECN Commission($)/rtl(Round Turn Lot)
Offer Fixed Spread no
Offer Variable Spread yes
EURUSD Lowest spreads (pips) >0
Account Currency USD, EUR, GBP, AUD, CHF, JPY, CAD, SEK, SGD
Max Leverage 100
Minimal Lot 0.1
Deposit Method Bank Wire, Credit Card, Debit Card
Withdrawal method Bank Wire, Credit Card, Debit Card
Scalping yes
Hedging no
All EAs Allowed
Currency Pairs 67 (33 )
Gold yes
Gold Spread(100oz) 36
Silver yes
Silver Spread(5000oz) 20
Oil
CFDs yes
Other Instruments Futures, Indices, Commodities
MAM/PAMM Accounts MAM
Managed Accounts no
Swap-free accounts no
Segregated Accounts yes
Interest on Margin no
Bonuses & Rewards no
Trading contests no
Trading platform LMAX
Platform Execution Market execution
Platform Time Zone GMT
Trailing stops no
OCO orders no
One-click execution no
Trade with mobilephone yes
Trade in browser yes
API yes

Company: LMAX Limited # 06505809

LMAX1.52

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3 thoughts on “LMAX

  1. Jun Yan says:
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    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, 2 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