| Information | |
|---|---|
| Broker | LMAX |
| Company | LMAX Limited # 06505809 |
| Year since | 2010 |
| Headquarters | London, United Kingdom |
| Regulation | FCA(UK) # 509778 |
| Model | STP+DMA |
| US Clients |  |
| Min Deposit($) | 10000 |
| ECN Account Min Deposit($) | |
| ECN Commission($)/rtl(Round Turn Lot) | – |
| Offer Fixed Spread | |
| Offer Variable Spread |  |
| 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 | |
| Hedging | |
| All EAs Allowed | – |
| Currency Pairs | 67 (33 ) |
| Gold | |
| Gold Spread(100oz) | 36 |
| Silver | |
| Silver Spread(5000oz) | 20 |
| Oil | – |
| CFDs | |
| Other Instruments | Futures, Indices, Commodities |
| MAM/PAMM Accounts | MAM |
| Managed Accounts | |
| Swap-free accounts | |
| Segregated Accounts | |
| Interest on Margin | |
| Bonuses & Rewards | |
| Trading contests | |
| Trading platform | LMAX |
| Platform Execution | Market execution |
| Platform Time Zone | GMT |
| Trailing stops | |
| OCO orders | |
| One-click execution | |
| Trade with mobilephone | |
| Trade in browser | |
| API | |
Company: LMAX Limited # 06505809
Submit your review | |
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.
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.
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.