https://www.lmax.com/
Website
Benchmark
D
Average transaction speed (ms)
MT4/5
Full License
LMAX-DemoUK
Influence
B
Influence index NO.1
Speed:B
Slippage:D
Cost:C
Disconnected:D
Rollover:B
MT4/5 Identification
Full License
Influence
B
Influence index NO.1
Single Core
1G
40G
1M*ADSL
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Most visited countries/areas
lmax.nz
Server Location
Belgium
Website Domain Name
lmax.nz
Server IP
35.205.112.159
lmax.com
Server Location
South Korea
Most visited countries/areas
Russia
Website Domain Name
lmax.com
Website
WHOIS.GANDI.NET
Company
GANDI SAS
Domain Effective Date
0001-01-01
Server IP
13.124.166.164
LMAX Group Review Summary in 10 Points | |
Founded | 2010 |
Headquarters | London, UK |
Regulation | FCA, CYSEC |
Market Instruments | Forex, precious metals, stock indices, commodities, cryptocurrencies |
Demo Account | Available |
Leverage | 1:100 (forex), 1:50 (metals and commodities) |
EUR/USD Spread | 0.2 pips |
Trading Platforms | LMAX Global, MetaTrader4 |
Minimum deposit | $1,000 |
Customer Support | 24/7 phone, email, and live chat |
LMAX Group is a UK-based multilateral trading facility (MTF) that offers forex and cryptocurrency trading to retail and institutional clients. It was founded in 2010 and is regulated by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CYSEC). LMAX is known for its transparent and fair execution model, as well as its low latency and high-speed trading technology. The company's headquarters are located in London, and it has additional offices in New York, Tokyo, and Hong Kong.
LMAX is an electronic communication network (ECN) broker that operates a multilateral trading facility (MTF) for forex and cryptocurrency trading. It is a pure agency broker, which means it does not take positions against its clients and earns revenue solely from commissions and fees. LMAX provides institutional and retail traders with deep liquidity, fast execution, and transparent pricing through its proprietary trading platform, LMAX Global.
LMAX has several advantages, such as being a regulated broker, offering transparent and direct market access, providing a range of trading instruments, and offering a professional trading platform.
On the other hand, LMAX has some drawbacks, including limited account types and high minimum deposit requirements.
Pros | Cons |
• Regulated by FCA and CySEC | • High minimum deposit requirement |
• Offers DMA (Direct Market Access) | •High commission fees |
• Low latency and fast trade execution | • No social trading or copy trading features |
• Transparent pricing and deep liquidity | |
• Advanced trading technology and tools | |
• Professional and institutional grade services | |
• Segregated client funds and investor protection |
As a regulated broker by reputable financial authorities such as FCA and CySEC, LMAX is considered a reliable broker. The company also prioritizes the security of its clients' funds by keeping them in segregated accounts and offering negative balance protection.
Protection Measures | Detail |
Regulation | FCA, CySEC |
Segregated client funds | To protect them in case of any financial difficulties or insolvency |
Financial Services Compensation Scheme (FSCS) | A member of the FSCS, which provides eligible clients with protection up to £85,000 per person in the event of the broker's insolvency |
Negative balance protection | Ensures that clients can never lose more than their account balance |
Two-factor authentication | Adds an extra layer of security to clients' accounts |
SSL encryption | To protect clients' personal and financial information from unauthorized access |
LMAX is a highly regulated and reputable broker that takes the security of its clients' funds seriously. It is regulated by the FCA and CYSEC, and it implements various measures to ensure the safety of its clients' funds, such as holding them in segregated accounts and offering negative balance protection. Overall, LMAX appears to be a reliable and trustworthy broker.
LMAX provides access to a range of financial instruments across various asset classes, including:
LMAX offers different account types, each with different features and benefits:
All of these accounts have different minimum deposit requirements and fee structures.
The maximum leverage offered by LMAX varies based on the account type and the asset being traded. For example, the maximum leverage for forex trading is up to 1:100, while for metals and commodities, it is up to 1:50.
It's important to note that leverage can increase both potential profits and losses, so it should be used with caution.
LMAX offers a variable spread on EUR/USD, which can start from as low as 0.2 pips during peak trading hours. However, the average spread is usually around 0.5-1 pip. It's worth noting that the spread can widen during periods of low liquidity or high market volatility.
The commission fee varies depending on the account type and the trading volume of the client. Here is a breakdown of the commission fees for LMAX:
LMAX Global: The commission for forex pairs ranges from $2.5 to $4.5 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1.25 to $5 per lot traded, depending on the instrument and the trading volume.
LMAX Professional: The commission for forex pairs ranges from $2 to $3 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1 to $3 per lot traded, depending on the instrument and the trading volume.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
LMAX | 0.2 pips | $2-$4.5 per lot/trade |
IG | 0.6 pips | None |
Saxo Bank | 0.9 pips | None |
CMC Markets | 0.7 pips | None |
Admiral Markets | 0.5 pips | $6 per lot/trade |
Pepperstone | 0.16 pips | $3.76 per lot/trade |
Note that the above information may vary depending on the account type, trading platform, and other factors. It's always a good idea to check with the broker directly for the most up-to-date and accurate information.
LMAX offers its proprietary trading platform called LMAX Global, which is a web-based platform accessible from any device with an internet connection. It also offers connectivity through industry-standard APIs, allowing clients to connect directly to LMAX Global's liquidity pool through third-party platforms.
Additionally, LMAX offers the MetaTrader 4 platform for traders who prefer using a familiar interface.
See the trading platform comparison table below:
Broker | Trading Platforms |
LMAX | LMAX Global, MT4 |
IG | IG Trading, MT4 |
Saxo Bank | SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, MT4 |
CMC Markets | MT4, proprietary mobile trading platform |
Admiral Markets | MT4, MT5, proprietary Supreme platform |
Pepperstone | MT4, MT5, cTrader |
Deposits & Withdrawals
LMAX offers a variety of deposit and withdrawal methods, including:
LMAX does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider or bank involved in the transaction.
To withdraw funds from LMAX, you need to follow these steps:
Step 1: Log in to your LMAX account and go to the “My Account” section.
Step 2: Click on the “Withdraw Funds” button.
Step 3: Select the account you want to withdraw from and enter the amount you wish to withdraw.
Step 4: Choose your preferred withdrawal method and fill out the necessary information.
Step 5: Submit your withdrawal request.
LMAX processes withdrawal requests within one business day, and the time it takes for the funds to reach your account will depend on the withdrawal method you choose.
LMAX charges various fees for trading and account maintenance. Here is an overview of some of the fees charged by LMAX:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
LMAX | Free | Free | Free |
IG | Free | Free (over $100) | $18/month after 2 years |
Saxo Bank | Free | Free | €100/year after 2 years |
CMC Markets | Free | Free | £10/month after 12 months |
Admiral Markets | Free (except bank transfer) | Free (over $150) | Free |
Pepperstone | Free (except bank transfer) | Free (over $100) | Free |
LMAX provides 24/7 customer service through phone, email, and live chat. You can also follow LMAX on some social networks such as LinkedIn, Facebook and YouTube.
Conclusion
In conclusion, LMAX is a highly-regulated broker that offers institutional-level trading services to retail clients. The broker offers a wide range of trading instruments and a powerful trading platform. LMAX's low-latency trading environment, deep liquidity pool, and transparent pricing model make it an ideal choice for traders who demand high-quality execution and a fair trading environment.
Please enter...
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX4166899258
Thailand
At first, do mission 120000 After completing the mission, it was announced that the profit received was higher than the profit that the company had set. and let the compensation mission increase to 500000 of the next round of missions When finished, there are still 550000 final missions. Another time, at that time, the funds were no longer available. and force him to complete the mission until he can withdraw The company has borrowed 550000 until the mission is completed. Is not willing to do the last round like being forced to do And what should people who do not have money to return? If I don't return the portion borrowed from the company, I can't withdraw it. What should I do?
Exposure
2023-05-13
LKmingye
Hong Kong
This woman is a liar, failed to seduce, and began to curse. Everyone wiped their eyes, this kind of platform can only enter and not come out, and the platform salesmen promise to protect their capital. After inferior, regular platform salesmen are not allowed to do transactions, and the platform promises to protect their capital? ? ?
Exposure
2023-04-06
lucky73682
Hong Kong
I’m thinking about whether to continue to deposit. I feel that it is too difficult about endless traps. I feel that I can’t withdraw my hard earning money and it is impossible to get help from others. Should such platform be blocked?
Exposure
2021-12-13
良人终不及菇凉
Hong Kong
The withdrawal was refused, indicating that the account was suspected of making illegal profits and has been frozen. If you need to withdraw, you need to deposit the same amount of balance to unfreeze. The user did not deposit and found that the account was emptied the next day, and the balance was reset to zero.
Exposure
2021-12-11
十七33735
Hong Kong
There is an anniversary event today and offering gift money so I deposit ten thousands, but I cannot withdraw then. It requires me to deposit another ten thousands in order to wihtdraw. Why you do not state clearly when you have this event. I won't make appointment if you state it clearly.
Exposure
2021-11-28
十七33735
Hong Kong
There is an anniversary event today and offering gift money so I deposit ten thousands, but I cannot withdraw then. It requires me to deposit another ten thousands in order to wihtdraw. Why you do not state clearly when you have this event.
Exposure
2021-11-28
永不止步35221
Hong Kong
Money has been detained and unable to withdraw. Please deal it with fairness. I had no other choice.
Exposure
2021-11-27
永不止步35221
Hong Kong
Unable to withdraw. All the money was locked. Money will be cleared to zero without withdrawal. How to resolve it.
Exposure
2021-11-27
潭幽
Hong Kong
there is a little balance left which use for many years. I cannot withdraw them at first because the account has been freezed. It requires lots of documents. I unfreeze the account first and then it is able to withdraw. although it is complicated process but the fund withdraw successfully at the end. People may refer my case if you have similar situation.
Exposure
2021-11-18
张子玉
Hong Kong
There was an anniversary celebration last night and I made an appointment for 100000 and deposited 50000. Then I could not withdraw. It asked me to deposit 50000 further. Is this a scam?
Exposure
2021-10-20
FX2882573530
Hong Kong
When I first started trading on this platform, it was very successful. Later, I booked an event customer service, and he told me that I could withdraw money by charging 50,000. I charged it but the withdrawal was unsuccessful. The customer service said that I did not have a turnover account, so it was frozen. I can withdraw money only when I have an VIP account, and I need to charge more than 60,000. Then I tried a way to charge it, but I couldn't withdraw money. I asked the customer service again, and the customer service said that a dedicated channel was needed for payment, so I need to pay another 30,000 deposit to get money. Now I don't have the money to pay the security deposit, and money has been scammed by the platform.
Exposure
2021-09-28
Boon65837
Malaysia
Unable to withdraw and the account funds will be frozen if personal tax is not paid. The deposit is not recorded. It is easy to withdraw money in the early period, but you cannot receive a response even waiting for three days.
Exposure
2021-09-13
FX3710970162
Hong Kong
It is said that you can’t withdraw funds when you are in a leapfrog operation. First you will upgrade your membership, then you will make up your deficit, then you will make up your deficit, then you will buy a security certificate, and then you will be called a deposit. This is not an induced fraud. Don’t believe it in the future. These ones
Exposure
2021-04-14
FX3710970162
Hong Kong
First, I bought a member, and later it was called no shortfall. Later, I bought a voucher, and later I paid a deposit. It said manual remittance. It has been more than ten days until now. I asked the customer service before and said it was queued to 389. Then there was no reply. Until today I can’t even enter the customer service. I can’t inquire. I can check everything else on the platform, but the customer service can’t enter the inquiry. I don’t understand what this platform means. The money is given, but I can’t enter the customer service to inquire. I don’t know this. Was it induced to pay, and then cried after paying? Is this a fraud?
Exposure
2021-04-11
情话虐心
Hong Kong
When I withdrew once, I said that the account was frozen, and I had to recharge the relative amount to withdraw funds. After I rushed, I said that the account was frozen, and there was no turnover, and I couldn’t withdraw funds. I was asked to upgrade to a VIP customer to withdraw funds. I had to recharge 18 thousand. Later, it was said that the account was unfrozen and the deposit of 28888 was required to withdraw funds, so there was still no withdrawal.
Exposure
2021-03-21
可口可乐1659
Hong Kong
What happened? Verification is needed when I wanna withdraw funds. And I need to pay margin, 30% of my account balance.
Exposure
2021-03-02
小小16613
Hong Kong
I met a woman named Liu Changjing on WeChat. She gave me an app to download and deposit. It was profitable but I can not withdraw funds and my account has been frozen. Be careful. The following is this person’s WeChat avatar and the app downloaded for me
Exposure
2021-01-28
天天美丽心情
Hong Kong
This platform embezzled your interest when you hold positions. If it embezzled normally, it’s ok. But the fee was widened over 10 times suddenly in February, 2017. I reported to their customer service and emailed them but no one helped me solve the problem. In December, 2020, it happened again. What’s worse, this time the interest was widened 400 times. They didn’t reply to me when I reported to them twice. So I continued reporting, for half a month. So they compensated me $100 and explained that their data input was wrong. OMG, they should input the data manually? That means they can manipulate the spread? Please polish your eyes in case of embezzling your money. They deducted me of $46,600. I exposed them today. People who wanna invest here should thin twice. Here attach some screenshot.
Exposure
2021-01-13
小小16613
Hong Kong
Freeze the account during the withdrawal time. Ask for margin. My capital was gone. Who can help me
Exposure
2021-01-04
小小16613
Hong Kong
Fraud platform. Return my capital. Beguile me into depositing funds. Can't get your money back if u deposit here
Exposure
2020-12-30