LMAX Exchange Group Account Types vary according to what traders require. LMAX Exchange, part of the LMAX Group, delivers efficient market structure and transparent, precise, consistent execution to all market participants, including funds, banks, proprietary trading firms, brokerages, and asset managers.
LMAX at a Glance
🔎 Broker's Name | LMAX Exchange |
| 📍 Headquartered | London, England |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 Retail/ 1:500 Professional |
| 💰 Minimum Deposit | $10 000/R14 99130. |
| 💳 Deposit Options | Wire transfer, credit, or debit card |
| 💳 Withdrawal Options | Wire transfer, credit, or debit card |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, Proprietary LMAX platform |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | FX, metals, equity indices, commodities, crypto currencies, and weekend FX |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 10,000
Regulators
MiFID, FCA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our LMAX Exchange Account Types below.
LMAX Exchange Account types – 11 key points quick overview:
LMAX at a Glance- LMAX Exchange Account types – 11 key points quick overview:
- LMAX Exchange Overview
- LMAX Exchange Account Types
- LMAX Exchange Account Features
- LMAX Exchange Demo Account
- LMAX Exchange Islamic Account
- LMAX Exchange Customer Reviews
- LMAX Exchange Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the LMAX Exchange Account types as well as the training features and benefits offered for each account.
LMAX Exchange Overview
LMAX Exchange, part of the LMAX Group, delivers efficient market structure and transparent, precise, consistent execution to all market participants, including funds, banks, proprietary trading firms, brokerages, and asset managers.
Operating multiple global institutional FX exchanges and an FCA-regulated MTF, LMAX Exchange enables institutions to trade on a central limit order book with streaming firm limit order liquidity from top-tier global banks and non-banks.
The broker offers an advanced trading environment complemented by extremely tight spreads and competitive volume-based commissions. The wide selection of tradable assets can be accessed through advanced trading platforms.
The broker offers excellent customer service and a variety of tailored accounts, but with a minimum deposit of $10 000, LMAX Exchange is better suited for advanced and institutional traders.
LMAX Exchange Account Types
LMAX is divided into three different types of trading.
Within the Professional sector, the LMAX Prime Account provides access to LMAX Exchange, top-tier global banks, and ECN liquidity.
The account offered through the LMAX Institutional sector are FCA-regulated MTFs for Forex and are aimed at institutions.
The LMAX InterBank is a spot FX execution venue for banks only.
The broker also offers a comprehensive demo account that will allow new traders to test out the trading conditions and features before signing up for a real account. However, new clients should be aware that the broker is positioned more toward advanced and professional trades.
LMAX Exchange does not offer a swap-free, or Islamic account for traders of the Muslim faith.
LMAX Exchange Account Features
All the accounts from LMAX Exchange will have the following key features:
Tighter spreads on streaming, firm limit order liquidity.
Transparent execution with no ‘last look’ rejections.
Strict price/time priority order matching.
Real-time reports & reconciliation via web or FIX Drop Copy.
Streaming, full order book firm market data.
Flexible clearing – via margin account or existing PB account.
Competitive commission and overnight financing rates.
Global exchange infrastructure based in Equinix LD4, NY4, and TY3.
Using the broker’s trading software on these accounts, traders will have access to the following key features:
Ultra-low latency matching engine.
Superior exchange performance built for scale.
Processing capacity ‐ orders/sec. 800,000 peak, 100,000 sustained.
Award-winning, in-house developed ‘Disruptor’ technology maximizing performance.
Key technologies including ‘Disruptor’ have been open-sourced.
Order matching ‐ internal exchange latency <85 μs.
High capacity achieved through a distributed, transactional service‐oriented architecture based on high-performance publish/subscribe messaging.
High availability is achieved through resilience at all levels.
Scalable architecture with room for growth to meet increasing demand.
Precision time protocol achieves sub-microsecond clock accuracy through the network.
All orders are time-stamped in microseconds at several points from order receipt, gateways, and matching engine to execution.
Dye traces run through the execution pathway every 10 milliseconds to monitor the consistency of order processing.
LMAX Exchange Demo Account
The demo account from LMAX Exchange is a comprehensive practice tool that will allow new traders to test out the broker’s features before signing up for a real account. The demo account can be opened with the following steps:
Navigate to the Client Login portal on the broker’s website.
From here you can select the option to apply for a demo account.
This will direct you to the demo registration page.
Complete the three-tiered digital registration page. This will consist of your basic information, the account details, and your confirmation of your details.
Once you have confirmed and submitted your registration, you will receive your login detail to start trading on the demo account.
Min Deposit
USD 10,000
Regulators
MiFID, FCA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LMAX Exchange Islamic Account
Unfortunately, LMAX Exchange does not offer an Islamic Account for traders of the Muslim faith. This is a drawback for such traders as these accounts fulfill a significant role, which is described in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
LMAX Exchange Customer Reviews
Lmax is by far the most professional…
Lmax is by far the most professional company when it comes to forex. Best spreads and ok commission. There is no fancy sexy looking platform, it’s all about execution. Withdrawals are the fastest in the industry.
Good honest broker
Good honest brokers, the only reason why I don’t give them 5 stars is because of their meager leverage….1:100 is not realistic in today’s trading environment….. Please review this policy, and I’ll be happy to give you 5 stars:))))
So far, so good 🙂
I’ve had no major issues with LMAX, all things that have come up we’ve been able to sort out in a reasonable amount of time, great customer service. Transfers and withdrawals, zero problems, they’ve been actually faster than what they state on their agreement.
They are not the cheapest, in fact, I would say they are quite pricey…But, I’ve been with them for about a year now, and they haven’t tried anything funny with my MT4 (EAs), messed with my transactions, attempted to change my MT4 history, mess with live trades, hunted stops, messed with the margin, or with my web trader for that matter. I literally comb my accounts (compare separate accounts with each other, etc.) for irregularities and I can say -from my experience- they are playing fair ball. You pay a bit more, but you get to sleep at night. A keeper on my book.
Would I recommend them? Yes.
What would I recommend LMAX? Offer us a better pricing structure; an option of spreads instead of paying commissions per lot. The way it’s set up right now, you still have to eat the spread (which is not tight at all) AND pay a commission on top. Your reputation at the moment is of more importance than your high transaction costs, but more and more brokers are gaining that trust and transparency, with lower costs. Don’t make us shop around, give us a bit of a break on the transaction costs….and keep up the awesome honest work you’re doing!
LMAX Exchange Pros and Cons
| ✔️ Pros | ❌ Cons |
| Advanced trading platforms | High minimum deposit |
| Competitive volume-based commissions | Not beginner friendly |
| Very low spreads | |
| Well-regulated broker | |
Conclusion
LMAX Exchange Group Account Types vary according to what traders require. LMAX Exchange, part of the LMAX Group, delivers efficient market structure and transparent, precise, consistent execution to all market participants, including funds, banks, proprietary trading firms, brokerages, and asset managers.
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Frequently Asked Questions
Trading environment
How many instruments can I trade with LMAX Exchange?
LMAX Exchange offers clients access to deep institutional liquidity in over 100 instruments: FX, metals, equity indices, commodities, cryptocurrencies, and weekend FX.
Which platforms are supported by LMAX Exchange?
MetaTrader 4, MetaTrader 5, LMAX proprietary platform.
Does LMAX Exchange offer leverage?
Yes, the broker offers a max. of 1:30 for retail clients and a max. of 1:500 for professional clients.
What spreads can I expect with LMAX Exchange?
LMAX Global spreads are variable. Historical spreads show an average daily spread of between 0.4 pips and 0.5 pips, which is extremely competitive.
Does LMAX Exchange charge commission?
Yes. Account holders are eligible for a competitive commission rate structure, depending on their level of trading activity.
Are there additional charges on the Islamic account?
LMAX Exchange does not offer an Islamic Account.
Is LMAX Exchange regulated?
Yes. LMAX Exchange is regulated by the Financial Conduct Authority (FCA).
Is LMAX Exchange a recommended forex trading broker for experts and beginners?
No. Due to the broker’s deposit amount, it is better positioned toward advanced traders.
What is the overall rating out of 10 for LMAX Exchange?
The overall rating is 8/10.
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