LMAX

What is LMAX Group?

LMAX Group is a Multilateral Trading Facility (MTF) headquartered in the United Kingdom, providing forex and cryptocurrency trading services to both retail and institutional clients. Founded in 2010, LMAX is renowned for its transparent execution model, high-speed trading technology, and low latency. The company is based in London and also has offices in New York, Tokyo, and Hong Kong.

What type of broker is LMAX Group?

LMAX is an Electronic Communication Network (ECN) broker operating under the MTF model. It is a pure agency broker, meaning it does not take positions against its clients but instead generates income solely from commissions and service fees. LMAX offers deep liquidity, fast execution, and transparent pricing through its proprietary platform, LMAX Global.

Pros & Cons

Pros:

• Provides Direct Market Access (DMA).
• Fast execution with low latency.
• Deep liquidity and transparent pricing.
• Advanced trading technology.
• Professional services tailored for institutions.

Cons:

• High minimum deposit requirement.
• Commission fees may be higher than some competitors.
• No social trading or copy trading features.

Market Instruments

LMAX offers access to a wide range of financial instruments, including:

• Forex: Major, minor, and exotic pairs.
• Indices: CFDs on major global indices such as UK100, GER30, US30.
• Commodities: Precious metals (gold, silver), energy (crude oil, natural gas).
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple

Leverage

• Forex: up to 1:100
• Metals & Commodities: up to 1:50

Spreads & Commissions

• EUR/USD spreads from 0.2 pips
• Commissions range from $2 – $4.5 per lot, depending on account type and trading volume

Trading Platforms

• LMAX Global: Proprietary, high-speed platform accessible via web and API
• MetaTrader 4: Suitable for traders familiar with MT4

Deposits & Withdrawals

• Methods: Bank transfer, Visa/MasterCard, Skrill, Neteller
• No deposit/withdrawal fees (third-party or bank charges may apply)
• Withdrawals processed within 1 business day

Customer Support

24/7 support via phone, email, and live chat. LMAX also maintains an active presence on social media such as LinkedIn, Facebook, and YouTube.

Conclusion

LMAX Group is a professional trading venue designed for institutions and experienced traders. With deep liquidity, transparent pricing, and high-speed technology, it is an excellent choice for those seeking a fair, fast, and reliable trading environment. However, its high minimum deposit and commission fees may present challenges for smaller retail traders.