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LMAX Reviews and User Ratings

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  • Overview
  • Information
  • Video
  • Specification
  • Review score

LMAX General Information


Broker Name
LMAX
Established
2010
Country
United Kingdom
Min Deposit
$1000
Max Leverage
1:100
Regulation
FCA
Email
info@lmax.com
Telephone
+44 20 3192 2555
Fax
+44 20 3192 2572
Website Language
English, Chinese, French, Spanish, German, Japanese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Bank Transfer
Withdraw Options
Credit Cards, Debit Cards, Bank Transfer

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Description


LMAX Background

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.

Conclusion

All in all LMAX Exchange seems to provide good service and would be a solid choice for the experienced trader.

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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • 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.
CONS:
  • On the downside the broker has a high minimum deposit and doesn’t allow for US clients.
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Account Type


  • Minimum Account Size: $1000
  • Spread: Low/ Fixed
  • Trading Instruments: Forex
  • Trading Platforms: MT4, LMAX Trader, Mobile Trader

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LMAX Review Score


LMAX Reviews and User Ratings
7.6 Total Score
5 reviews
Add your review
Web Design
7.8
Reliability
7.6
Platform
7.4
Customer Support
8.0
Withdrawal
7.6
Broker Name
LMAX
Established
2010
Country
United Kingdom
Min Deposit
$1000
Max Leverage
1:100
Regulation
FCA
Email
info@lmax.com
Telephone
+44 20 3192 2555
Fax
+44 20 3192 2572
Website Language
English, Chinese, French, Spanish, German, Japanese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Bank Transfer
Withdraw Options
Credit Cards, Debit Cards, Bank Transfer
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
LMAX Reviews and User Ratings
7.6 Total Score
5 reviews
Add your review
Web Design
7.8
Reliability
7.6
Platform
7.4
Customer Support
8.0
Withdrawal
7.6

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Casimir Chancellor
    January 29, 2016 at 6:05 am
    3.4
    Web Design
    60
    Reliability
    70
    Platform
    60
    Customer Support
    80
    Withdrawal
    70

    LMAX renders quality services however you can easily feel by how the back office and customer support deals with you that you are not their main focus. I feel like their main focus is on companies and not individual traders which is a bit sad, but their services are still respectable enough so I guess the situation isn’t hopeless.

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  2. Reply
    Gerald Rosenfeld
    August 13, 2015 at 10:00 pm
    1.7
    Web Design
    40
    Reliability
    30
    Platform
    30
    Customer Support
    30
    Withdrawal
    40

    The guys over at LMAX are just the worst, not only are they hostile when you inquire or raise concerns with them; they also have no back office and just have partners. The GUI of their native trading platform looks like it was done a novice programmer and their MT4 platform is unstable and unreliable in terms of trade execution.

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  3. Reply
    Gabriel Mottershead
    June 27, 2015 at 10:14 pm
    4.5
    Web Design
    90
    Reliability
    90
    Platform
    90
    Customer Support
    100
    Withdrawal
    80

    Tight spreads are one thing, but offering very low commissions with it is just a leap into greatness. LMAX is an amazing broker in that they know what their clients really look for in a broker. They provide excellent service with these great perks which just makes me wish that I found this broker sooner.

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  4. Reply
    Song Kim Jun
    February 9, 2015 at 9:14 am
    4.6
    Web Design
    100
    Reliability
    90
    Platform
    90
    Customer Support
    90
    Withdrawal
    90

    This is one thing I have never found anywhere else except LMAX and I just have to praise them for offering it. Even in other brokers that say they have many exotic pairs do not have USD/CNH. Having come from China, I find that trading in this currency gives me an edge and I thank LMAX for giving me the chance to do so.

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  5. Reply
    JerrardNussenbaum
    September 14, 2014 at 9:00 am
    5
    Web Design
    100
    Reliability
    100
    Platform
    100
    Customer Support
    100
    Withdrawal
    100

    The most important factor for me when choosing a broker is the trade execution quality, the fact is there are many brokers that MT4 but trade executions suffer when their servers are unstable. This isn’t a problem with LMAX, their platform and servers are stable and this is evident in the high quality of their trade executions.

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