LMAX Exchange Group Fees Spreads and Commission varies according to the account type which the trader is using. spreads show an average daily spread of between 0.4 pips and 0.5 pips, which is extremely competitive.
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 Fees Spreads and Commission below.
LMAX Exchange Fees and spreads – 9 key points quick overview:
LMAX at a Glance- LMAX Exchange Fees and spreads – 9 key points quick overview:
- LMAX Exchange Fees and Spreads
- LMAX Exchange Additional Trading Fees
- LMAX Exchange Broker Fees
- LMAX Exchange Customer Reviews
- LMAX Exchange Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the LMAX Exchange Fees Spreads and Commission as well as the features that are offered, which could affect your trading.
LMAX Exchange Fees and Spreads
Traders with LMAX Exchange can expect the following spread list:
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.
Account holders are eligible for a competitive commission rate structure, depending on their level of trading activity.
LMAX Exchange Additional Trading Fees
The broker charges swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
The financing charge for rolling spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium depending on market conditions and including an LMAX Global charge.
When a position is held overnight, the broker will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX Global premium.
The cost of tomorrow’s next roll (tom/next) is applied to positions held through the respective market close.
The opening price on your position is not adjusted, a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades.
The broker does not offer an Islamic, or swap-free Account to traders of the Muslim faith. This is a drawback for such traders, for whom the interest accrued on swap charges is prohibited by Sharia law.
LMAX Exchange Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
As LMAX Exchange is not a spread betting broker, spread betting fees will not apply.
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 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, messed 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 |
| Extremely tight spreads | High minimum deposit |
| No deposit fees | No swap-free accounts available |
| No withdrawal fees | |
| Volume-based commissions | |
Conclusion
LMAX Exchange Group Fees Spreads and Commission varies according to the account type that the trader is using. spreads show an average daily spread of between 0.4 pips and 0.5 pips, which is extremely competitive.
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Frequently Asked Questions
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.
Does LMAX Exchange offer leverage?
Yes. For retail clients, the broker offers maximum leverage of 1:30, which is in line with FCA regulation regarding maximum leverage ratios.
Professional clients can apply for a maximum leverage ratio of 1:500.
What spreads can I expect with LMAX Exchange?
Historical spreads show an average daily spread of between 0.4 pips and 0.5 pips.
Does LMAX Exchange charge commission?
Yes., dependent on the level of trading activity.
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?
8/10.
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