On-line since:
Country of origin:
Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
Spreads:
About the company:
LMAX Global is a part of LMAX Exchange Group. The company is one of the largest international brokers which is similar to the companies operating a multilateral trading facility (MTF). In other words, LMAX is a stock and currency exchange which streams liquidity from top banks and private trading brokerage firms with the help of its own technologies. The broker provides favourable trading conditions and tight spreads. The company is represented in all major currency markets around the world, including Europe, North America, and the Asia-Pacific region. The broker holds a licence from the FCA to trade currencies, metals, indexes, and commodities.
Trading conditions
LMAX offers its clients the following trading instruments: forex, gold, silver, crude, CFD, and cryptocurrency. The minimum deposit starts from $10,000. Therefore, the broker is focused primarily on professional investors. LMAX does not offer any welcome and other bonuses. The company does not provide any introductory instructions or training for beginners. However, it allows traders to open a demo account. LMAX does not divide accounts into several types depending on the size of the deposit. The broker also welcomes everyone who delegates trading to professionals and has a rich investment portfolio.
Trading platforms
The broker provides its own innovative web platform, as well as popular MetaTrader 4 and MetaTrader 5. The LMAX Digital mobile app package ensures full-time access to the markets for monitoring and trading cryptocurrencies online.
Customer service
If you need help, you can contact the company’s customer service via telephone, email (through the service of customer inquiries), or use a separate website for technical support.
There is a frequently asked questions section on the company’s official website which contains information about accounts.
Deposit and withdrawal of funds
Deposit and withdrawal of funds is possible only by means of bank transfers and debit or credit cards.
Traders’ reviews
There are many negative reviews about the company on the network. Mostly, the broker is accused of client funds theft. There are some negative comments from English-speaking traders. At the same time, there are positive reviews as well. They are from traders who have successfully traded and generated profit with LMAX. In addition, the company has a fairly high international rating - 4 out of 5 as well as a large number of prestigious awards.
Advantages and disadvantages of broker
Advantages:
- licensed and regulated broker;
- wide range of trading instruments;
- demo account;
- convenient trading platforms.
Disadvantages:
- high minimum deposit;
- limited number of available ways to withdraw profit;
- negative traders’ reviews.
Conclusion
LMAX is an award-winning company that offers transparent trading and a wide selection of trading instruments. The broker has been repeatedly recognized as one of the fastest growing technology companies in the UK according to prestigious business ratings. At the same time, there are reviews on the network about unfair LMAX activities. In any case, it is important to choose a broker carefully and responsibly.
