• FCA regulated
  • Segregates clients’ funds
  • Min deposit $10,000
  • Limited account types
  • Limited funding options

Company Information

LMAX Global has been offering its services in the market since 2010 and is regulated by the FCA. The company’s clients can use a number of trading instruments, including: Forex, Metals, CFD Indices, Cryptocurrency and Commodities. Trading technology provides 24-hour access to financial markets. LMAX Exchange Group is the holding company of LMAX Limited and LMAX Broker Limited, which operated under the brand name LMAX Exchange and is a financial technology company situated in London. In 2012, it bought out its parent company, Betfair and opened an office in Hong Kong in 2014.


LMAX has prepared for its customers the basic asset classes. All you need to do is to choose the best for you. It offers over 100 different instruments to trade, including over 100 currency pairs. You can choose among the following asset classes:

● Commodities
● Metals
● Indices
● Cryptocurrencies
● Forex
● CFDs

Trading accounts

LMAX does not offer a range of account types, while the type will diverse only by the Investors profile. Due to the company establishment and the way they deliver trading opportunities, either Institutional or Professional clients are able to join, which also requires a strong financial background. The LMAX Prime account offers centralized clearing across multiple venues, a pre-trade risk management solution, multiple liquidity sources via one prime brokerage agreement, a cost-effective clearing model and elegant and simple orders execution.

Open an account

Users simply need to click on the Sign-Up button on the broker’s homepage to open an account with LMAX. Here, users will need to fill in their name, email, and password and telephone number while agreeing. After the confirmation process is finished, you can make a deposit and start trading. Alternatively, you can open a demo account.

Minimum deposit

The minimum required deposit necessary to make and open an account is $10,000. The sum is rather high one, which suits more for professional traders, but not for the novices.

© LMAX website screen

Trading Platforms

Luckily, the broker provides its clients with the MT4 and MT5 platforms. MT platform is very popular among the traders thanks to the variety of instruments it offers. You can read more details about the features of the platform here. The mobile trading is also available.

Our verdict

After conducting careful research, we can conclude the following. Although it is classified as an FX and CFD broker, it is the first MTF (Multilateral Trading Facility) regulated by the Financial Conduct Authority and is defined as such by MiFID. LMAX was established to deliver the benefits of exchange quality execution to both buy-side and sell-side trading institutions. It also segregates its clients’ funds. However, the minimum deposit is $10,000, which is comparatively high, and suits only to those who are skillful and confident. So, we do not recommend the broker to beginners. The account types are also limited and funding options as well. Finally, the broker is oriented toward professional traders.

LMAX Details

Deposit Methods:
Withdrawal Methods:
4.0 rating
User Review
  • Customer Service
  • Trade Experience
  • Range of Offerings
  • Security
Notify of

Inline Feedbacks
View all comments
Madeline Cook
Madeline Cook
August 11, 2020 12:03 am

I can’t say LMAX is perfect brokerage to start with. Yeah, trading conditions are more than good, but innitial deposit is extremely high for each beginner, as I think. By the way, if you’re sure that you’re ready, than LMAX will be wise choose

Kenneth Alexander
Kenneth Alexander
July 27, 2020 9:09 pm

I’ll be fair, when I was choosing brokerage, I was guided with reviews only and LMAX have 92% positive ones. Of course, now I have my own opinion, but it’s 100% the same as that one I read within the Web. Shortly: no slippages, fast withdrawals, Metatrader 4 and quick order execution. The only problem was (when I was just starting up) high minimum deposit, but in case you want to start up real trading, $1000 deposit is enough.

Stella White
Stella White
July 5, 2020 2:36 pm

10 000 dollars is extremely high, as for brokerage that promote itself as broker for beginners. But if don’t consider high minimum deposit, everything else seems to be pretty good. Support team respond quickly and trading is organized quite well. Don’t know what to add, brokerage seems to be worth trying 🙂

Xylina Nelson
Xylina Nelson
May 27, 2020 9:27 pm

Their customer support is OK – they reply your emails, but not as fast as the others brokers do, I think. But the payment team is not on the chatroom function. So why???

Rylee Ward
Rylee Ward
May 13, 2020 2:21 pm

Trading with LMAX seems to be really good. I’m in for 4 months and there was no occassions I can complain for.
Just trading, no problems and that what I need

Fitzgerald Garcia
Fitzgerald Garcia
May 6, 2020 8:40 am

My only problem is that the web site has been down for a couple of days. And I haven’t been able to trade since Tuesday.

Patience Ross
Patience Ross
April 7, 2020 5:58 pm

For me LMAX is simply a transmitter of my orders to the market. If it fulfills it’s purpose fine, this means the broker is OK and I can stay with them. Anyway the trading fees are about same everywhere. Executions is what really makes the difference. I’ve seen some brokerage agreements that allow up to 5 seconds of delays. Not milliseconds! Keep away from those. LMAX is fast enough, I recommend!

Destinee Harris
Destinee Harris
April 1, 2020 4:01 am

Reasonable deposit minimum, good spreads but quite poor customer support. It is slow. Why?

Annabelle Bennett
Annabelle Bennett
March 12, 2020 9:36 am

I wouldn’t say that trading is something simple and can bring you money under any circumstances, it certainly isn’t. And everyone who does it with serious investments and really treats it like a business understands how much time and effort it takes and how it can get you so carried away that you forget everything. Naturally, you can’t act on your own in the sense that you have a business partner, a priori, who is your broker, and you depend on him and what conditions he can provide you.
I chose this particular company for several reasons:
1. unlimited demo account – initially to get used to it – later to test strategies.
2. available minimum deposit – not to risk all your money at once
3. a running mobile application – because you can trade very rarely from your computer.
I can say that this partner does not let me down and my trading results are getting higher and higher.