LMAX Exchange Group does not offer a welcome bonus, deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time.
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 Sign-Up Bonus below.
LMAX Exchange Sign-up bonus – 9 key points quick overview:
LMAX at a Glance- LMAX Exchange Sign-up bonus – 9 key points quick overview:
- LMAX Exchange Sign-up Bonus
- LMAX Exchange Referral Bonus
- LMAX Exchange Additional broker bonuses, promotions, and rewards
- LMAX Exchange Customer Reviews
- LMAX Exchange Pros and Cons
- Conclusion
- Frequently Asked Questions
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
LMAX Exchange Sign-up Bonus
LMAX Exchange does not offer a welcome bonus to traders who choose to register for a real account. This includes deposit bonuses and no deposit bonuses.
LMAX Exchange is headquartered in the UK and as such is regulated by the Financial Conduct Authority (FCA), the most reputable Forex regulatory agency in that country.
The FCA, along with EU regulators such as the Cypress Securities and Exchange Commission (CySEC), has placed a far-reaching ban on the offering of broker bonuses, as part of extended client protection measures.
It is felt that such bonuses may lead to overtrading and increase the risk of losses suffered in the Forex market by beginner traders and smaller retail traders.
These regulators, therefore, encourage brokers operating within their jurisdiction to incentivize new clients by offering competitive trading conditions, such as with tighter spreads or lower commissions.
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
However, traders seeking such bonuses to boost their trading potential should look to non-EU-regulated brokers.
LMAX Exchange Referral Bonus
Referral bonuses allow existing traders of a given broker to earn greater rewards by referring a “friend” to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
LMAX Exchange does not offer a referral bonus at the time of writing. This includes partnership programs, such as Introducing Brokers or White Label Affiliates.
However, traders interested in benefiting from partnership programs should check back with the broker in the future, as this may be added to the LMAX offering at a later stage. Partnership programs do not fall under the FCA restriction on bonuses.
LMAX Exchange Additional broker bonuses, promotions, and rewards
LMAX Exchange does not offer any additional broker bonuses, promotions, or rewards to new traders or to its existing loyal customers. This includes trading bonuses, deposit bonuses, no-deposit bonuses, referral bonuses, or cashback rewards.
The broker is restricted from offering such bonuses by its primary regulator, the Financial Conduct Authority (FCA).
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
| Broker's Name | MEX Exchange |
| 📍 Headquartered | Sydney, Australia |
| 📅 Year Founded | 2012 |
| ⚖️ Regulating Authorities | ASIC |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | Credit and debit card, Bank wire transfer, Skrill, Neteller |
| 💳 Withdrawal Options | Credit and debit card, Bank wire transfer, Skrill, Neteller |
| 💻 Platform Types | MetaTrader 4, MEX NexGen MT4 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, Metals, CFDs, Spot commodities, Cash Indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
Conclusion
An LMAX Exchange Group does not offer a welcome bonus, deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time.
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Frequently Asked Questions
Does LMAX charge commission?
Yes. Commissions are not fixed and will be determined by the trading volume and activity.
Are there additional charges on the Islamic account?
No. LMAX does not offer Muslim traders the option of converting their live trading account into that an Islamic Account.
Is LMAX regulated?
Yes. LMAX is regulated and authorized by FCA as well as authorized by CySEC.
Is LMAX a recommended forex trading broker for experts and beginners?
No. LMAX only caters to expert and professional traders.
What is the overall rating out of 10 for LMAX?
7/10.
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