LMAX Reviews and User Ratings
LMAX General Information
LMAX Exchange is a London based broker offering trading services in Forex, Spot Gold, Spot Sliver, index and commodity CFD’s both to private traders and institutions. They are regulated by the FCA and have spent the past few years winning a surprising number of awards. The broker prides itself on its unique vision for global FX trades – a transparent, neutral, level playing field for all market participants. LMAX Exchange offers markets in 66 FX pairs
Features of LMAX
LMAX Exchange trading accounts are primarily separated into Professional and Institutional accounts with a minimum deposit of $1000 and above. Trading with this broker is not for the novice. A certain level of proficiency and experience in the forex markets is necessary. Professional traders get access to the LMAX Exchange order book, and the lack of dealer intervention means traders are free to hedge and scalp the markets as long as equity and margin requirements allow. Traders have the option of using the LMAX Web Trader, MultiCharts or MT4 trading platforms. The LMAX Web Trader is a multi-functional browser based trading platform with excellent charting capabilities. Multicharts is a proprietary trading platform focused on the needs of the professional trader. These two platforms do cost, but LMAX Exchange offers clients using them a data-feed that allows professional trading directly from the platform. MT4 is available for download as soon as a client’s credentials are verified. A free demo account is available for traders wanting to try LMAX’s services. Other key features from LMAX include a listing of news and events, blogs and an economic calendar.
All in all LMAX Exchange seems to provide good service and would be a solid choice for the experienced trader.back to menu ↑
Features and Trading Instruments
Pros and Cons
- There is a 24-hour support Sun through Fri via telephone and email.
- A live chat option is also available.
- LMAX is well regulated, offering a sizable amount of markets to trade.
- They have tight spreads and provide traders with quality resources.
- On the downside the broker has a high minimum deposit and doesn’t allow for US clients.
- Minimum Account Size: $1000
- Spread: Low/ Fixed
- Trading Instruments: Forex
- Trading Platforms: MT4, LMAX Trader, Mobile Trader