Aspect	Information
Registered Country/Area	Saint Vincent and the Grenadines
Founded Year	2-5 years
Company Name	CXCMarkets Group
Regulation	No valid regulatory information, please be aware of the risk!
Minimum Deposit	$100 for Micro account
Maximum Leverage	Up to 1:1000
Spreads	Micro Account: From 1.3 pips, Zero Account: From 0 pips, Standard Account: From 1.3 pips
Trading Platforms	MetaTrader 4, Web Trader
Tradable Assets	Forex currency pairs, precious metals, cryptocurrencies, stock index CFDs
Account Types	Micro Account, Zero Account, Standard Account
Demo Account	Available
Islamic Account	Not specified
Customer Support	Online support available 24/7 in multiple languages; Email support
Payment Methods	Bank cards, Bitwallet (including Bitcoin, Litecoin, Ripple)

Overview of CXC

CXC is a trading platform known as CXCMarkets and Tech-FX, which recently underwent a brand merger and upgrade. However, it's important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation poses a higher risk of fraud or financial losses for traders.

CXC offers a range of market instruments, including forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. Forex currency pairs allow traders to speculate on exchange rate fluctuations, while precious metals and cryptocurrencies provide opportunities to benefit from price movements and global events. Stock index CFDs offer exposure to broader market trends.

CXC provides different account types, such as the Micro Account, Zero Account, and Standard Account, each with its own features and benefits. The leverage offered by CXC is up to 1:1000, allowing traders to control larger positions with a smaller initial investment. Spreads and commissions vary across account types, and the minimum deposit starts at $100 for the Micro Account.

CXC offers the MetaTrader 4 platform and a web trader platform for trading activities. Customer support is available online through email, but no telephone number is provided for inquiries. Reviews about CXC are mixed, with some users expressing satisfaction with trading conditions and others reporting server issues and problems with payments.

In conclusion, CXC is an unregulated trading platform that offers various market instruments and account types. Traders should be cautious due to the lack of regulation and the associated risks. It's advisable to consider other factors and conduct thorough research when evaluating a broker.

Pros and Cons

CXC, operating as CXCMarkets and Tech-FX, presents a range of pros and cons for potential traders to consider. On the positive side, CXC offers a diverse selection of market instruments and different account types, along with leverage of up to 1:1000. Traders can access MetaTrader 4 and a web trader platform, benefiting from online customer support available around the clock. Additionally, CXC provides various deposit and withdrawal methods, accommodating different trader preferences. However, there are significant drawbacks to consider. Notably, CXC lacks regulation from any financial authority, increasing the risk of fraud or financial losses. Additionally, the absence of an official website raises transparency concerns, limiting access to essential information. Mixed user reviews and a suspicious regulatory license further contribute to the overall evaluation of CXC's potential as a reliable broker.

Pros	Cons
Offers a variety of market instruments	Not regulated by any financial regulatory authority
Different account types available	Higher risk of fraud or financial losses
Leverage of up to 1:1000	Limited deposit and withdrawal options
Customer support available in multiple languages	No official website available
Online customer support available 24/7	No telephone customer support
Provides access to MetaTrader 4 platform	Mixed user reviews
Offers a web trader platform for browser-based trading	Lack of transparency due to no regulatory information

Is CXC Legit？

CXC. is not regulated by any financial regulatory authority. This means that there is no government agency that oversees CXC.'s activities or protects its customers. As a result, there is a higher risk of fraud or other financial losses when trading with CXC.

Market Instruments

CXC Markets is a trading platform that offers a variety of market instruments for investors. These instruments include forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.

FOREX CURRENCY PAIRS: CXC Markets provides trading services for forex currency pairs. Forex, also known as foreign exchange, involves the buying and selling of different currencies. Traders can speculate on the exchange rate fluctuations between currency pairs, such as EUR/USD or GBP/JPY. The forex market is known for its high liquidity and round-the-clock trading, allowing investors to take advantage of global economic trends.

PRECIOUS METALS: CXC Markets also offers trading opportunities in precious metals. Precious metals, including gold, silver, platinum, and palladium, are valued for their rarity and industrial uses. Traders can speculate on the price movements of these metals, taking advantage of market fluctuations and global events that impact supply and demand. Precious metals are often considered a safe haven investment during times of economic uncertainty.

CRYPTOCURRENCY: CXC Markets enables trading in cryptocurrencies, which are digital or virtual currencies. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained significant popularity in recent years. Traders can participate in the price movements of cryptocurrencies, taking advantage of their volatility. Cryptocurrency markets operate 24/7 and provide opportunities for both short-term trading and long-term investment.

STOCK INDEX CFD: CXC Markets offers trading in stock index contracts for difference (CFD). A stock index represents the performance of a group of stocks from a specific market or sector. With stock index CFDs, traders can speculate on the price movements of the entire index without owning the underlying assets. This allows for greater ability to take both long and short positions. Stock index CFDs provide exposure to broader market trends and are popular among traders seeking diversification.

Pros	Cons
Offers diverse market instruments	Not regulated by any financial regulatory authority
Access to forex currency pairs	Higher risk of fraud or financial losses
Availability of precious metals trading	Limited information on risk management and regulatory index
Enables trading in cryptocurrencies	Lack of transparency due to no regulatory information
Offers stock index CFDs for broader market exposure	Limited information on software index and licenses

Account Types

CXC offers a range of account types to cater to the diverse needs of traders. These accounts include the Micro Account, Zero Account, and Standard Account. Each account type has its own unique features and benefits.

MICRO ACCOUNT:

The Micro account offered by CXC is designed for traders who prefer smaller trading volumes. With a maximum leverage of 1:500, traders can amplify their trading positions. The minimum deposit required for this account is 10,000 JPY, and the minimum spread starts from 1.3 pips. Traders can trade various products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). CXC provides deposit and withdrawal methods for this account type, although specific methods are not mentioned. No commission is charged for trades executed in the Micro account.

ZERO ACCOUNT:

With a maximum leverage of 1:500, traders can have increased trading power. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 0 pips. Similar to the Micro account, traders can access a wide range of products, mainly focusing on currency trading. The minimum position size is 0.01 lots, and Expert Advisors (EAs) are supported. Traders using the Zero account will be charged a commission of 8 USD per trade.

STANDARD ACCOUNT:

The Standard account offered by CXC caters to traders looking for a more flexible trading experience. With a maximum leverage of 1:500, traders can enhance their trading potential. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 1.3 pips. Traders can access a variety of products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). No commission is charged for trades executed in the Standard account.

Pros	Cons
No commission charged in Micro and Standard accounts	Lack of transparency on deposit and withdrawal methods
Access to a wide range of trading products	Limited information on specific deposit/withdrawal methods
Support for Expert Advisors (EAs)	Commission charged for trades in Zero account

Leverage

Leverage refers to the borrowing of funds to increase the potential return on an investment. CXC Markets offers a maximum leverage of 1:1000 for forex trading, which provides traders with the opportunity to control larger positions with a smaller initial investment. This high leverage allows traders to potentially magnify their profits.

Spreads & Commisions

CXC offers varying spreads and commission structures across its account types. The Micro Account has a minimum spread of 1.3 pips with no commission, while the Zero Account provides spreads starting from 0 pips but charges a commission of 8 USD per trade. The Standard Account also has a minimum spread of 1.3 pips but does not charge any commission. Traders can choose the account type that aligns with their trading preferences and cost considerations.

Minimum Deposit

The Trading Platform offered by CXC provides an accessible and user-friendly interface for traders. It caters to various account types, with the minimum deposit set at $100 for the Micro account. The platform ensures that traders can engage in their preferred trading activities. Additionally, different account tiers are available, requiring deposits of $500, $1,000, and $10,000, respectively, offering a range of options to suit individual trading preferences.

Deposit & Withdrawal

Deposit and withdrawal options at CXC Markets are straightforward but limited. Traders can fund their accounts using two main methods: bank cards and Bitwallet, which includes cryptocurrencies such as Bitcoin, Litecoin, and Ripple. While these options provide a means of transferring funds, it is important to note that using cryptocurrencies for funding comes with inherent risks. Unlike traditional payment methods, such as bank cards, there is no possibility of initiating a chargeback in case of an issue or error. Therefore, caution should be exercised when choosing to use cryptocurrencies for depositing and withdrawing funds from CXC Markets.

Pros	Cons
Supports Bit wallet for cryptocurrency transfers	Limited deposit and withdrawal options
Availability of bank card payments	Using cryptocurrencies for funding carries inherent risks
	No possibility of initiating a chargeback with cryptocurrency transactions

Trading Platforms

CXC Markets offers a range of trading platforms to meet the diverse needs of its users.

META TRADER 4 PLATFORM: CXC Markets provides access to the MetaTrader 4 trading platform, a highly regarded and widely used platform in the brokerage industry. This platform offers numerous trading tools and instruments that enhance the trading experience. Some notable features include a financial calendar, virtual private server (VPS) capabilities, trading signals (available for a subscription fee), a code base with customizable scripts, and a demo account for practice.

WEB TRADER: In addition to MetaTrader 4, CXC Markets also offers a web trader platform. This web-based platform allows traders to access their accounts and execute trades directly through a web browser. It provides an option for traders who prefer not to download and install trading software on their devices. The web trader platform offers similar functionality to the MetaTrader 4 platform, allowing for seamless trading experiences.

Pros and Cons

Pros	Cons
MetaTrader 4 platform, widely used in the brokerage industry	No mention of specific innovative features or advanced tools
Web trader platform for browser-based trading	Lack of information on additional platform functionalities
Demo account for practice and testing	No mention of integrated educational resources or tutorials
Virtual private server (VPS) capabilities for enhanced trading	Limited information on platform customization options

Customer Support

CXC Markets provides customer support through various channels to cater to the needs of their clients. Their online support is available 24/7, 365 days a year, and can be accessed in multiple languages such as Japanese, English, French, Chinese, and Korean. Clients can reach out to them via email at support@cxcmarkets.com. However, they do not provide a telephone number for customer inquiries. This approach ensures that clients can easily communicate with CXC Markets and receive assistance promptly.

Reviews

Based on the reviews on WikiFX, there are mixed opinions about CXC. One user expressed satisfaction with the various trading conditions provided by CXC, such as a wide variety of trading products, high leverage of up to 1:1000. They were eager to open a demo account and potentially invest in instruments offered by the broker. However, another user had a negative experience, mentioning server issues that resulted in missed profits. They suspected intentional server shutdowns or problems with payment orders. It is important to note that these reviews reflect individual experiences and should be considered alongside other factors when evaluating a broker.

Conclusion

In conclusion, CXC is a trading platform that offers various market instruments such as forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. However, it is important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation increases the risk of fraud or financial losses for traders. While CXC provides different account types with features like leverage and low spreads, the limited deposit and withdrawal options and mixed user reviews raise concerns about the reliability and quality of their services. Traders should carefully consider these factors and exercise caution when dealing with CXC.

FAQs

Q: Is CXC a regulated broker？

A: No, CXC is not regulated by any financial regulatory authority, which increases the risk of trading with them.

Q: What market instruments are available on CXC？

A: CXC offers trading in forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.

Q: What are the account types offered by CXC？

A: CXC offers Micro, Zero, and Standard accounts, each with its own features and benefits.

Q: What is the maximum leverage offered by CXC？

A: CXC provides a maximum leverage of 1:1000 for forex trading.

Q: What are the deposit and withdrawal methods supported by CXC？

A: CXC supports deposits through bank cards and Bitwallet, including cryptocurrencies like Bitcoin, Litecoin, and Ripple.

Q: What trading platforms are available on CXC？

A: CXC offers the MetaTrader 4 platform and a web trader platform.

Q: How can I contact CXC's customer support？

A: You can contact CXC's customer support through email at support@cxcmarkets.com.

LMAX Group Review Summary in 10 Points
Founded	2010
Headquarters	London, UK
Regulation	FCA, CYSEC
Market Instruments	Forex, precious metals, stock indices, commodities, cryptocurrencies
Demo Account	Available
Leverage	1:100 (forex), 1:50 (metals and commodities)
EUR/USD Spread	0.2 pips
Trading Platforms	LMAX Global, MetaTrader4
Minimum deposit	$1,000
Customer Support	24/7 phone, email, and live chat

What is LMAX Group？

LMAX Group is a UK-based multilateral trading facility (MTF) that offers forex and cryptocurrency trading to retail and institutional clients. It was founded in 2010 and is regulated by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CYSEC). LMAX is known for its transparent and fair execution model, as well as its low latency and high-speed trading technology. The company's headquarters are located in London, and it has additional offices in New York, Tokyo, and Hong Kong.

What Type of Broker is LMAX Group？

LMAX is an electronic communication network (ECN) broker that operates a multilateral trading facility (MTF) for forex and cryptocurrency trading. It is a pure agency broker, which means it does not take positions against its clients and earns revenue solely from commissions and fees. LMAX provides institutional and retail traders with deep liquidity, fast execution, and transparent pricing through its proprietary trading platform, LMAX Global.

Pros & Cons

LMAX has several advantages, such as being a regulated broker, offering transparent and direct market access, providing a range of trading instruments, and offering a professional trading platform.

On the other hand, LMAX has some drawbacks, including limited account types and high minimum deposit requirements.

Pros	Cons
• Regulated by FCA and CySEC	• High minimum deposit requirement
• Offers DMA (Direct Market Access)	•High commission fees
• Low latency and fast trade execution	• No social trading or copy trading features
• Transparent pricing and deep liquidity
• Advanced trading technology and tools
• Professional and institutional grade services
• Segregated client funds and investor protection

Note: This table is not an exhaustive list of all the pros and cons of LMAX and is only meant to provide a general overview.

Overall, LMAX is a suitable choice for experienced traders who value direct market access and professional trading tools.

LMAX Group Alternative Brokers

There are many alternative brokers to LMAX Group depending on the specific needs and preferences of the trader. Some popular options include:

• IG

• Saxo Bank

• CMC Markets

• Admiral Markets

• Pepperstone

IG, Saxo Bank, and CMC Markets are all well-established and reputable brokers, with strong regulatory oversight and a range of trading instruments and platforms available to their clients. Admiral Markets and Pepperstone are both popular among traders for their low spreads, fast execution speeds, and user-friendly platforms.

Some traders may prefer brokers with a wider range of trading instruments than what LMAX offers, and these alternative brokers may fit the bill. Additionally, some traders may prefer brokers with more robust educational and research resources, and may find these alternative brokers more suitable in that regard. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is LMAX Group Safe or Scam？

As a regulated broker by reputable financial authorities such as FCA and CySEC, LMAX is considered a reliable broker. The company also prioritizes the security of its clients' funds by keeping them in segregated accounts and offering negative balance protection.

How are you protected？

Protection Measures	Detail
Regulation	FCA, CySEC
Segregated client funds	To protect them in case of any financial difficulties or insolvency
Financial Services Compensation Scheme (FSCS)	A member of the FSCS, which provides eligible clients with protection up to £85,000 per person in the event of the broker's insolvency
Negative balance protection	Ensures that clients can never lose more than their account balance
Two-factor authentication	Adds an extra layer of security to clients' accounts
SSL encryption	To protect clients' personal and financial information from unauthorized access

Note that this table is for informational purposes only and is not exhaustive. It is important to conduct your own research and due diligence when choosing a broker.

Our Conclusion on LMAX Group Reliability:

LMAX is a highly regulated and reputable broker that takes the security of its clients' funds seriously. It is regulated by the FCA and CYSEC, and it implements various measures to ensure the safety of its clients' funds, such as holding them in segregated accounts and offering negative balance protection. Overall, LMAX appears to be a reliable and trustworthy broker.

Market Instruments

LMAX provides access to a range of financial instruments across various asset classes, including:

• Forex: Major, minor, and exotic currency pairs

• Indices: CFDs on major global indices, including UK100, GER30, US30, and more

• Commodities: Precious metals such as gold and silver, as well as energy products like crude oil and natural gas

• Cryptocurrencies: CFDs on Bitcoin, Ethereum, Litecoin, and Ripple

• It is important to note that the range of trading instruments may vary depending on the specific entity of LMAX and the jurisdiction in which it operates.

Accounts

LMAX offers different account types, each with different features and benefits:

• LMAX Global Account: This account is designed for institutions, hedge funds, asset managers, and professional traders. It offers access to the LMAX Global trading platform, deep liquidity, and low latency execution.

• LMAX Professional Account: This account is designed for experienced traders and offers access to the LMAX Exchange central limit order book, low latency execution, and competitive pricing.

• LMAX Prime Account: This account is designed for brokers, banks, and other financial institutions that want to access LMAX Exchange liquidity and offer it to their clients. It offers deep liquidity, low latency execution, and access to a range of trading tools and services.

• LMAX Interbank Account: This account is designed for banks and other financial institutions that want to access LMAX Exchange liquidity and offer it to their clients. It offers deep liquidity, low latency execution, and access to a range of trading tools and services.

All of these accounts have different minimum deposit requirements and fee structures.

Leverage

The maximum leverage offered by LMAX varies based on the account type and the asset being traded. For example, the maximum leverage for forex trading is up to 1:100, while for metals and commodities, it is up to 1:50.

It's important to note that leverage can increase both potential profits and losses, so it should be used with caution.

Spreads & Commissions

LMAX offers a variable spread on EUR/USD, which can start from as low as 0.2 pips during peak trading hours. However, the average spread is usually around 0.5-1 pip. It's worth noting that the spread can widen during periods of low liquidity or high market volatility.

The commission fee varies depending on the account type and the trading volume of the client. Here is a breakdown of the commission fees for LMAX:

LMAX Global: The commission for forex pairs ranges from $2.5 to $4.5 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1.25 to $5 per lot traded, depending on the instrument and the trading volume.

LMAX Professional: The commission for forex pairs ranges from $2 to $3 per $100,000 traded, depending on the trading volume. For indices, the commission ranges from $1 to $3 per lot traded, depending on the instrument and the trading volume.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker	EUR/USD Spread	Commission
LMAX	0.2 pips	$2-$4.5 per lot/trade
IG	0.6 pips	None
Saxo Bank	0.9 pips	None
CMC Markets	0.7 pips	None
Admiral Markets	0.5 pips	$6 per lot/trade
Pepperstone	0.16 pips	$3.76 per lot/trade

Note that the above information may vary depending on the account type, trading platform, and other factors. It's always a good idea to check with the broker directly for the most up-to-date and accurate information.

Trading Platforms

LMAX offers its proprietary trading platform called LMAX Global, which is a web-based platform accessible from any device with an internet connection. It also offers connectivity through industry-standard APIs, allowing clients to connect directly to LMAX Global's liquidity pool through third-party platforms.

Additionally, LMAX offers the MetaTrader 4 platform for traders who prefer using a familiar interface.

See the trading platform comparison table below:

Broker	Trading Platforms
LMAX	LMAX Global, MT4
IG	IG Trading, MT4
Saxo Bank	SaxoTraderGO, SaxoTraderPRO, SaxoInvestor, MT4
CMC Markets	MT4, proprietary mobile trading platform
Admiral Markets	MT4, MT5, proprietary Supreme platform
Pepperstone	MT4, MT5, cTrader

Overall, LMAX Group's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

Deposits & Withdrawals

LMAX offers a variety of deposit and withdrawal methods, including:

Payment Options:

• Bank Wire Transfer

• Debit/Credit Cards (Visa and Mastercard)

• Skrill

• Neteller

LMAX does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider or bank involved in the transaction.

Minimum deposit requirement

The minimum deposit requirement for LMAX varies depending on the type of account. The LMAX Global account has a minimum deposit requirement of $1,000, while the LMAX Professional account has a minimum deposit requirement of $10,000.

LMAX Group minimum deposit vs other brokers

	LMAX Group	Most other
Minimum Deposit	$1,000	$100

LMAX Group Money Withdrawal

To withdraw funds from LMAX, you need to follow these steps:

Step 1: Log in to your LMAX account and go to the “My Account” section.

Step 2: Click on the “Withdraw Funds” button.

Step 3: Select the account you want to withdraw from and enter the amount you wish to withdraw.

Step 4: Choose your preferred withdrawal method and fill out the necessary information.

Step 5: Submit your withdrawal request.

LMAX processes withdrawal requests within one business day, and the time it takes for the funds to reach your account will depend on the withdrawal method you choose.

Fees

LMAX charges various fees for trading and account maintenance. Here is an overview of some of the fees charged by LMAX:

• Swap Fees: LMAX charges a swap fee for positions held overnight. The swap fee is based on the interest rate differential between the two currencies of the trading pair.

• Deposit/Withdrawal Fees: LMAX does not charge any deposit or withdrawal fees. However, fees may be charged by the payment provider or bank involved in the transaction.

• Inactivity Fee: LMAX does not charge any inactivity fee.

It's important to note that the fees charged by LMAX may vary depending on the type of account and trading instrument. Traders are advised to check the latest fee schedule on the LMAX website before trading.

See the fee comparison table below:

Broker	Deposit Fee	Withdrawal Fee	Inactivity Fee
LMAX	Free	Free	Free
IG	Free	Free (over $100)	$18/month after 2 years
Saxo Bank	Free	Free	€100/year after 2 years
CMC Markets	Free	Free	£10/month after 12 months
Admiral Markets	Free (except bank transfer)	Free (over $150)	Free
Pepperstone	Free (except bank transfer)	Free (over $100)	Free

Customer Service

LMAX provides 24/7 customer service through phone, email, and live chat. You can also follow LMAX on some social networks such as LinkedIn, Facebook and YouTube.

Overall, LMAX's customer service is considered to be of good quality with responsive and helpful agents.

Pros	Cons
• 24/7 customer support through email, phone, and live chat	• Limited language support with customer service available only in English
• Dedicated account managers for all clients
• Responsive customer service with quick resolution of issues

It's worth noting that the quality of customer service can be subjective and may vary from client to client. However, this table provides a general overview of the strengths and weaknesses of LMAX's customer service.

Education

LMAX provides a range of educational resources for its clients, including:

• Video tutorials: LMAX offers video tutorials on various topics related to trading, such as technical analysis, fundamental analysis, and risk management.

• Webinars: LMAX hosts regular webinars that cover a wide range of topics, including market analysis, trading strategies, and risk management.

• eBooks: LMAX provides a range of eBooks on various topics related to trading, such as forex trading strategies and technical analysis.

• Trading guides: LMAX offers a range of trading guides that cover a variety of topics, including forex trading, CFDs, and cryptocurrencies.

• Glossary: LMAX has a comprehensive glossary of trading terms that clients can refer to when needed.

• Overall, LMAX's educational resources are comprehensive and cover a wide range of topics, making it a good choice for traders who are looking to improve their knowledge and skills.

Conclusion

In conclusion, LMAX is a highly-regulated broker that offers institutional-level trading services to retail clients. The broker offers a wide range of trading instruments and a powerful trading platform. LMAX's low-latency trading environment, deep liquidity pool, and transparent pricing model make it an ideal choice for traders who demand high-quality execution and a fair trading environment.

However, LMAX's high minimum deposit requirement and limited account types may not be suitable for beginner traders. Additionally, the broker's relatively high trading costs may not be attractive to cost-sensitive traders. Overall, LMAX is a reliable and competitive broker for experienced traders looking for top-tier trading services.

Frequently Asked Questions (FAQs)

Q 1:	Is LMAX regulated？
A 1:	Yes. It is regulated by FCA and CYSEC.

Q 2:	Does LMAX offer demo accounts？
A 2:	Yes.

Q 3:	Does LMAX offer industry-standard MT4 & MT5？
A 3:	Yes. LMAX supports LMAX Global and MetaTrader4.

Q 4:	What is the minimum deposit for LMAX？
A 4:	The minimum initial deposit to open an account is $1,000.

Q 5:	Is LMAX a good broker for beginners？
A 5:	Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.