LMAX

About company:

 

LMAX is an unusual broker. Although classified as a Forex and CFD broker, it is the first MTF (Multilateral Trading Facility) regulated by the FCA.

 

The LMAX Exchange trading technology, which can handle up to 400 million orders per day, has been recognized for excellence and innovation by the forex industry's most prestigious awards - Best Marketing Platform 2015, Fastest Growing Company in the UK.

 

The LMAX Exchange works like an exchange, which means that it is impossible to cancel the deal at the stated price by the suppliers, since liquidity is quoted by limit orders.

 

All clients have access to first-class liquidity, fast execution and small spreads.

 

The “exchange” model is a cost effective way to trade liquid products. In an industry that is currently not regulated by regulations, the concept of the LMAX Exchange is to provide a transparent platform for all Forex participants.

 

Trading conditions

The LMAX Exchange Markets include over 100 instruments: Forex, Indices, Stocks and Commodities. The broker guarantees ultra-fast execution of orders up to 7 ms using STP technology.

 

Trading accounts

Within the professional sector, the LMAX Prime Account provides access to the LMAX Exchange, global top tier banks and ECN liquidity, as well as a variety of liquidity sources that can be tailored to the needs of the trader.

 

The LMAX Master Account offers centralized clearing across multiple sites, a refueling management solution, multiple sources of liquidity through a single master brokerage agreement, a cost-effective clearing model and an elegant and simple turnkey implementation.

 

The LMAX Institutional account is designed to use complex algorithmic trading strategies.

 

LMAX Institutional offers liquidity from a variety of institutions, creating a unique retail venue with outstanding execution quality. It serves hedge funds, high frequency traders, corporate clients.

 

Another offer for banks only is LMAX InterBank. LMAX InterBank provides all the execution benefits, full transparency before and after trading, and a level playing field for all participants - regardless of status, size or activity level.

 

A demo account is also offered.

 

Trading platforms

Various platforms and even APIs are available for trading. Many high-volume traders trade through the LMAX API, there are several libraries for it that can be downloaded from the LMAX website.

 

Available terminals: MetaTrader 4, mobile (blackberry, iPhone), Multicharts (with Easy Language).

 

In addition, traders have the opportunity to write or integrate their platform through free .NET, Java, JSON / XML libraries using the FIX protocol.

 

Education

LMAX offers a huge video library. The site publishes announcements of future events, as well as video reports of past ones, and updated news messages are presented in both text and video formats.

 

Clicking on a blog section takes you to a list of various tweets and their links, which lead to interesting news and analysis.

 

The LMAX mobile app is available to all members and provides full trading functionality with real-time price updates. It is available for iOS and Android devices and can be downloaded from the App Store or Google Play.

 

Support service

Clients can contact a company representative by email, chat. You can also visit the London office. The website is available in English, German, French, Russian, Chinese and Polish.

 

Ways of payment

The following methods are available to customers: bank transfer, bank card. Traders can transfer money directly to their LMAX client account at Bank National Westminster. Depositing funds with a VISA card takes less than one minute.

 

Pros:

 

regulated broker; has many prestigious awards; offers a demo account and educational materials.

 

Minuses:

 

does not offer e-wallets for payment.