The LMAX Exchange Group Minimum Deposit is $10 000/R14 99130. This is an extremely high minimum deposit and as such will be inaccessible to most beginner and smaller retail traders.
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 Group Minimum Deposit below.
LMAX Exchange Minimum deposit – 9 key points quick overview:
LMAX at a Glance- LMAX Exchange Minimum deposit – 9 key points quick overview:
- LMAX Exchange Minimum Deposit
- LMAX Exchange Deposit fees and deposit methods
- LMAX Exchange Step by step guide to depositing the minimum amount
- LMAX Exchange Customer Reviews
- LMAX Exchange Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the LMAX Exchange Minimum deposit as well as the pros and cons as well as features that are offered to traders.
LMAX Exchange Minimum Deposit
The minimum deposit amount required to open a broker account with LMAX Exchange is $10 000/R14 99130. (or base currency equivalent. This is an extremely high minimum deposit and as such will be inaccessible to most beginner and smaller retail traders.
As such, the broker appears to be positioned more towards advanced and professional traders, with a bespoke institutional-grade offering for higher-level investors and traders.
LMAX Exchange Deposit fees and deposit methods
LMAX Exchange has an extremely limited selection of available deposit methods, consisting of either bank transfer or debit/credit card only.
That said, it is to be expected that the broker would limit deposit options to bank-operated methods considering the high minimum deposit of $10 000.
Many online payment methods have restrictions on handling higher amounts of money, while there is significantly more deposit security surrounding bank wire and card transfers.
The broker does not charge additional deposit or withdrawal fees. However, traders should be aware that there will be a handling fee charged by the bank or card facilitator, which is beyond the broker’s control.
In compliance with the FCA client money rules, all client funds are held in a segregated client trust account. The Client Money Overview document on the broker’s website describes the procedures followed in relation to client funds.
With regards to deposit currencies, LMAX offers accounts denominated in GBP, EUR, USD, AUD, CHF, JPY, PLN, SEK, SGD, HKD, and HUF. Traders depositing in smaller currencies not listed here, like ZAR/Rand, will incur conversion fees.
LMAX Exchange Step by step guide to depositing the minimum amount
To deposit funds into your account, you will need to take the following steps:
Step 1 – Log in
- Log into the accounts area on the brokers when funding the trading account, traders can do it from their own bank account or log in to their trading account with the LMAX Exchange website.
Step 2 – Transfers
- After logging in to their own registered account, clients must click on the Deposit button and proceed to deposit funds through one of the payment methods provided.
Select your preferred deposit method, whether by wire transfer, or ACH. Confirm your deposit amount.
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 |
| Well-regulated broker with a high level of deposit security | High minimum deposit |
| Limited deposit methods | |
| Limited deposit currencies |
Conclusion
The LMAX Exchange Group Minimum Deposit is $10 000/R14 99130. This is an extremely high minimum deposit and as such will be inaccessible to most beginner and smaller retail traders.
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Frequently Asked Questions
What is the minimum deposit for LMAX Exchange?
The minimum deposit for LMAX Exchange is $10,000. This is an extremely high minimum deposit and as such will be inaccessible to most beginner and smaller retail traders.
As such, the broker appears to be positioned more toward advanced and professional traders, with a bespoke institutional-grade offering for higher-level investors and traders.
How do I make a deposit and withdrawal with LMAX Exchange?
Available deposit methods consist of bank transfer or debit/credit card only.
That said, it is to be expected that the broker would limit deposit options to bank-operated methods considering the high minimum deposit of $10 000.
Does LMAX Exchange charge withdrawal fees?
The broker does not charge additional deposit or withdrawal fees. However, traders should be aware that there will be a handling fee charged by the bank or card facilitator, which is beyond the broker’s control.
How long does it take to make a withdrawal?
Bank transfers can take between 1 and 3 business days, and up to 7 business days for international bank wire transfers.
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