LMAX Journal

Journal status: live
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LMAX Profile
Year
2009
Country
UK
Branches
1
Regulation
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted countries
Not serving
х Australia, Canada, Singapore, US
Broker type
ECN
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

LMAX Accounts
ECN
Minimum Deposit
10000 $
Leverage
100 : 1
Minimum Lot
0.1 lots
EURUSD spread
0 pips
Commission
5 $/lotRT
Volume
250 lots
Margin Call
100 %
Stop Out
70 %
Execution
Market
Spread
floating
Scalping
yes
Update broker

Is LMAX safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Registration: ...
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is LMAX trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • LMAX website: semi-detailed, updated ★★★
  • LMAX popularity (by visitor count): average ★★★

How LMAX works

LMAX Global is an FCA regulated Broker for FX and part of the LMAX Exchange Group. LMAX Global offers brokers and professional traders the ability to trade on the LMAX Exchange central limit order book, offering tighter spreads on streaming firm liquidity from top tier banks and proprietary trading firms.

LMAX Global offers liquidity and exchange quality execution from LMAX Exchange suited for clients in the following categories:

  • Broker dealers
  • Money managers
  • MT4/5 brokers
  • Professional traders

In the event that one of our banks should become insolvent... a client that meets the eligible claimant criteria of the Financial Services Compensation Scheme (“FSCS”) will benefit from the protection of the first £75,000 of that client’s deposited money. In the event that LMAX should become insolvent a client that meets the eligible client criteria in relation to investment business conducted with LMAX may benefit from the protection of the FSCS in relation to the first £50,000 of a claim.

https://www.lmax.com/documents/LMAXGlobal-client-money-overview-for-customers.pdf

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