LMAX Exchange Review
What is LMAX?
LMAX Exchange is the holding company for LMAX Limited, LMAX Broker Limited and LMAX Broker Limited . These companies operated under the name LMAX Exchange. Financial technology company incorporated in London.
It is worth noting that LMAX was the first regulated Multilateral Trading Facility (MTF) that allowed professional traders and institutions to access the central limit order books from top-tier banks and liquidity providers on a variety of instruments, including ETFs and Spot Commodities.
LMAX has been a UK financial company that has grown rapidly over the years. It offers a solid infrastructure and consistent trading conditions.
Broker: LMAX Exchange
Minimum deposit: 10,000$
Leverage: 1:30 | 1:500
Regulator: FCA. CySEC. FSP
Year: 2008
Platforms: LMAX Exchange Proprietary
HQ: UK
LMAX Exchange Licences:
LMAX Global UK - Authorized by FCA UK (UK) registration number. 509778
LMAX Global EU - Authorized by CySEC, (Cyprus). registration number. 310/16
LMAX Global NZ is authorized by FSP New Zealand registration number. FSP612509
Overview
LMAX Exchange (London Multi Asset Exchange), founded in 2008, is domiciled in London, UK. In 2012, it bought out its parent company, Betfair and opened an office in Hong Kong in 2014. LMAX is not an ordinary financial broker. Although it is classified as an FX and CFD broker, it is the first MTF (Multilateral Trading Facility) regulated by the Financial Conduct Authority and is defined as such by MiFID.
Pros
Strictly-regulated
Unique, dynamic trading environment
Over 100 tradeable financial instruments
MetaTrader bridges offered
Cons
A minimum deposit of US Dollar 10,000 required
Limited account types offered
Not recommended for beginners
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.6
Awards
LMAX has been recognized as one of the UK's fastest-growing technology companies with operations in Europe, North America, and Asia-Pacific over the past years. LMAX has been awarded prestigious rankings to recognize its innovative achievements.
Is LMAX a fraud or safe?
LMAX Exchange, a trading name of LMAX Limited and LMAX Global is used to trade. Both companies are licensed and authorized by the Financial Conduct Authority as trading facilities. In fact, each branch must be double-regulated according to the European MiFID regulations. This is determined by the broker's offering and how the business model is delivered.
LMAX created a trading platform for institutional clients.
LMAX, thanks to its regulations and complied requirements, provides the highest level of security to investors and clients. It also complies with all applicable laws and uses best protection strategies. This regulation complies with strict guidelines regarding operation, capital requirements, segregation of client funds, scheme participation and scheme participation. It ensures that investments are protected under all circumstances.
Trade Instruments
Cryptocurrency institutional trade is also possible through a separate brand in the group - LMAX Digital that allows you to trade Bitcoin and Ethereum with Litecoin Cash, Bitcoin Cash, Ripple among other institutions. The trading technology uses proprietary LMAX exchange and is a custodian solution in a tiered system that offers increased security.
Types of accounts
LMAX Exchange doesn't offer a variety of account types. While the type will vary only by the Investors profile, Due to the company's establishment and how they offer trading opportunities, either institutional or professional clients can join. This requires a strong financial background.
This is due to the high-tech core technology that is used by traders of larger sizes, and the very high balance required to maintain account openings - 10,000$. The accounts will have custom-made offerings, usually 0.1 to 0.2 pips, and a competitive commission structure depending on level of activity.
Spreads
LMAX allows you to see historical spreads on various instruments in order to get a better idea of trading costs. The costs are very competitive and a huge advantage for professional traders.
See below for a comparison of some popular instruments and fees to BlackBull Markets.
You should also consider a overnight fee, or swaprate, if the position is not completed within a specified time.
Deposit and Withdrawal
LMAX Global offers accounts in USD, GBP, EUR and CHF. However, only two of the most reliable and convenient payment methods are accepted to fund the account. You can use bank transfer or debit/credit card .
Minimum deposit
LMAX Minimum deposit is 10,000$. This will enable you to trade with LMAX.
LMAX Minimum Deposit vs Other Brokers
Withdrawals
LMAX charges no additional fees for money transfersto and from an account. However, traders have the option to withdraw funds using Bank Wire or Credit cards. If there are any fees imposed by the payment provider, it is best to consult your bank.
Trade Platforms
LMAX Exchange's scalable technology and constant focus on improvements throughout low latency engines have resulted in a number of methods to access LMAX Global. These include FIX 4.4 and API (Java), Web GUI, Mobile Application, Web GUI, Web GUI, Web GUI, and Mobile Application (LMAX Global Trading News, LMAX Exchange VWAP, LMAX Exchange VWAP), and MT4/5 bridges (for brokers).
LMAX exchange technology is generally considered to be truly comprehensive. This technology has been awarded multiple industry awards and is highly recognized for its superior connectivity, ultra low latency execution, and real-time streaming data market and trade data available for all participants, regardless of their status, size, or activity levels.
All offer real-time updates and speedy execution, the ability to use different strategies, as well as PAMM and MAM features. They also provide a complete market analysis tool with all market depth.
Customer Support
LMAX is active in the global FX market, taking part in the survey findings and measures that are conducted to assess sentiments and make recommendations about the changes.
LMAX 's customer service is another strong benefit. It offers various functions online or over the phone, as well as email support and trading education via the vast video library.
Conclusion
LMAX Exchange review reveals a company that offers comprehensive solutions to individual traders and institutions. LMAX Exchange is a strong provider of solutions , even though novice traders might not be their target market. Although there isn't much information on the platforms and accounts of Brokers, the general proposal is comprehensive enough for institutions to tailor and enhance according to each individual need.