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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

LMAX Group

United Kingdom|10-15 years| Benchmark D|
Market Making(MM)|MT4 Full License|Suspicious Overrun|High potential risk|

https://www.lmax.com/

Website

Rating Index

Benchmark

Benchmark

D

Average transaction speed (ms)

171.8 Perfect

MT4/5

Full License

LMAXNZ2-DEMO

Ireland
MT4
2

Influence

B

Influence index NO.1

Spain 6.02
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AAA

Slippage:D

Cost:AA

Disconnected:AAA

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
LMAXNZ2-DEMO MT4
Server Location Ireland

Influence

Influence

B

Influence index NO.1

Spain 6.02

Surpassed 56.87% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3192 2555
info@lmax.com
https://www.lmax.com/
Yellow Building, 1A Nicholas Road, London W11 4AN

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
LMAX Group
CCC
NSFX

Contact number

English

+44 20 3192 2555

Chinese (Simplified)

+64 4889 4510

Broker Information

More

Company Name

LMAX Group

Company Abbreviation

LMAX Group

Platform registered country and region

United Kingdom

Company website
Twitter
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2024-05-26
  • The number of the complaints received by WikiFX have reached 34 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 509778)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

LMAX Group · Benchmark
Average transaction speed(ms)
171.8 Perfect
The highest transaction speed(ms)
109 Good
The highest speed of opening positions(ms)
109 Great
The highest speed of closing position(ms)
112 Great
The lowest speed of opening positions(ms)
635 Great
The lowest speed of closing position(ms)
525 Great
Ranking: 129 / 134
Test user 137
Orders 1,068
Ocuppied margin $437,078 USD
Data Source WikiFX Data provide
Updated: 2024-05-24 01:05:SS

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    LMAX Group · Company Summary

    Company Summary

    Company profile

    Gernal Information & Regulation of LMAX Global

    LMAX Group is the holding company of LMAX Exchange, LMAX Global and LMAX Digital, registered address: Yellow Building, 1A Nicholas Road, London W11 4AN. LMAX Group is a global financial technology company and the leading independent operator of multiple institutional execution venues for FX and crypto currency trading. With offices in 9 countries and a global client base, the Group includes matching engines in London, New York and Tokyo. LMAX Global is a regulated broker for FX, metals and commodities worldwide, with LMAX Broker Limited regulated by FCA in the UK, regulatory license number 783200, LMAX BROKER EUROPE LIMITED regulated by CySEC, license number 310/16.

    Market Instruments

    Investors can trade all of LMAX Global's instruments, including forex, indices, stock indices, commodities, precious metals, cryptocurrencies, and weekend forex.

    Minimum Deposit of LMAX Global

    LMAX Global set up different minimum deposit requirements in light of traders from different countries. For traders in New Zealand, there is no minimum deposit required, while traders in UK or EU zone are requirement a minimum deposit of $10,000 or base currency equivalent.

    image.png

    Leverage of LMAX Global

    In terms of trading Leverage, LMAX Global offers investors flexible leverage, with maximum trading leverage of 1:200 for majors, 1:100 for minors, 1:100 for major indices, 1:100 for gold, and 1:100 for commodities.

    Spreads & Commissions of LMAX Global

    The minimum spread for EURUSD is from 0.2 pips, for GBPUSD from 0.2 pips, for EURGBP from 1.0 pips, for spot gold from 3.2 pips, for spot silver from 0.18 pips, for USOil (spot) from 0.20 pips, and for UKOil (spot) from 0.22 pips. The minimum spread for the AUS200 is from 0.20 pips, and the minimum spread for the UK100 is from 2.2 pips. As for comissions, LMAX Global claimes that its account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity. Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.

    image.png

    Markets Data Fees of LMAX Global

    Traders are charged a market data fee for trading through LMAX Global, which includes, among other things, a monthly connection fee of $300, a deep/full order (only connection fee for users with more than $500 million in monthly trading volume) of $2,000, and access quote (minimum trading fee for users) of $2,000, and a weekend FX $1000 (only connection fee for users with more than $500 million in monthly trading volume). The inactivity fee is $1,000 per port per month. White Label's initial setup fee is $5,000, and subsequent fees are offset by a minimum monthly transaction fee of $2,500. Inactive accounts (personal accounts) pay $50 per month, and inactive accounts (corporate accounts) pay $100 per month.

    Trading Platforms of LMAX Global

    LMAX Global firstly introduces some third party trading platforms, including AlphaNovae, MultiCharts, PTMC, Sierra Charts, , TSLab, then providing MT4/5 bridge which enable brokers to connect through their MT4/5 servers to all LMAX Global markets, and some Turnkey broker solutions including Protrader, ACTForex, ACTForex .

    News

    Trading platform LMAX worth $1bn after injection

    NewsTrading platform LMAX worth $1bn after injection

    2021-12-07 15:01

    Currency trading platform LMAX Group has been valued at $1bn (GBP720m) after New York-based private equity investor JC Flowers agreed to pay $300m for a 30pc stake.

    WikiFX
    2021-12-07 15:01
    News
    Trading platform LMAX worth $1bn after injection

    User Reviews

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    User comment

    8

    Comments

    Write a review

    FX1487258397
    more than one year
    Super honest, fast withdrawals, truly professional. But their support for API integration was a buzzkill. Also, they gotta rethink that 1:100 leverage, it's not cutting it. So great, yet kinda fell short.
    2024-04-26 16:16
    Reply
    0
    0
    AAAA201253
    more than one year
    For the time being, the transaction has not encountered any major problems. If it does, I will tell it for your reference. The commission has always been normal.
    2023-08-09 19:23
    Reply
    0
    0
    LMAX支持
    more than one year
    The comment area is all commented after being deceived by the fake LMAX, please look for the official website of LMAX.
    2023-04-23 01:40
    Reply
    0
    1
    董98129
    more than one year
    LMAX is just amazing when it comes to forex trading. It offers extremely narrow spreads, which I haven’t seen it anywhere else. hI suggest that you can apply for a demo account first if you want to trade with them.
    2023-02-24 15:06
    Reply
    0
    0
    利剑红尘
    more than one year
    Do not think about making a profit when trading on this platform, it is impossible. The actual spreads are huge and they will cancel your profits. When I made a withdrawal request on this platform, they immediately froze my account and zeroed the balance in the account.
    2022-12-13 11:00
    Reply
    0
    0
    庸俗
    more than one year
    They scammed me out of all my money! A total of 5,000 US dollars! Now I have to work two jobs to support my living. Damn liar! Who can help me get my money back?
    2022-11-28 10:47
    Reply
    0
    0
    且行且珍惜26349
    more than one year
    Withdrawals are difficult, please think twice if you want to trade with this broker. It's a long road to debt, and I don't know when it will end. I have been failing to withdraw money, wasting too much time and energy. I thought about spending money to buy a lesson, but I am still not reconciled!
    2022-11-25 17:06
    Reply
    0
    0
    曾峥
    more than one year
    I didn’t have a pleasant trading experience with this platform: excessively high entry barrier, trading fees, especially for cryptocurrency trading, platform fees, why don’t directly rob money? If you really want to trade forex, you can totally select some influential brokers under strict regulation, you can easily find them on internet…
    2022-11-25 14:41
    Reply
    1
    0
    37
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