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LBMA

United Kingdom|2-5 years|
Suspicious Regulatory License|Regional Brokers|High potential risk|

http://www.lbma.org.uk/

Website

Rating Index

Influence

Influence

A

Influence index NO.1

Georgia 5.72

Surpassed 15.10% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0) 20 7796 3067
mail@lbma.org.uk
http://www.lbma.org.uk/
1-2 Royal Exchange Buildings Royal Exchange London EC3V 3LF

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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LBMA · Company Summary

LBMA 7511366147

Basic Information
Registered Country/Region United Kingdom
Regulation No license
Founding Time 1987
Products & Services Precious metals, such as gold, silver, platinum, and palladium
Trading Platform Non-MT4 or MT5 trading platform
Customer Support Telephone & Email Support

General Information

Established in 1978, The London Bullion Market Association (now known simply as LBMA) is the International trade association representing the global Over The Counter (OTC) bullion market, and defines itself as the global authority on precious metals. It has a membership of approximately 150 firms globally, including traders, refiners, producers, miners, fabricators, as well as those providing storage and carrier services.

Membership Types

There are three types of membership: Full Membership, Market Making Membership, Affiliate Membership. Currently, LBMA has 74 full members, 60 affiliate members, market maker members in over 23 countries.

Full Membership-Full membership of LBMA is available to companies in the UK and abroad. All members must be operational in areas that are closely linked to the London bullion market.

Market Making Membership-Market Makers have the same rights as full members but must quote bid and offers prices to each other during the London business day, for agreed minimum quantities and tenors.

Affiliate Membership-Affiliate Membership of the LBMA is available to a range of international market participants, service providers, technology providers, exchanges, and intermediaries.

Vault Storage Services

There are six custodians offering vault storage services in the Loco London market. Three of these are clearing members of LBMA: HSBC, ICBC Standard Bank, and JP Morgan. These clearing members without their own dedicated vault operations use their accounts with one of the other custodians. The other security carriers are LBMA members: Brinks, Malca, Amit, and Loomis International (UK) Ltd.

LBMA‘s goods delivery Rules are considered the international regulatory standard for gold and silver bullion. The Standard LBMA gold bar weighs around 400 troy ounces, and must have a minimum purity of 995.0 parts/thousands fine gold (99.5%). They must be marked with a serial number, the refiners’ hallmark, its fineness and the year of production. Silver bullion bars are required to contain 999.0 parts/thousand silver (99.99%) and must show the same marks.

Customer Support

If clients have any inquiries about their products and services, they can get in touch with LBMA through the following contact channels:

Telephone: +44 (0) 20 7796 3067

Email: ask@lbma.org.uk

Registered Address: 7th Floor, 62 Threadneedle Street, London EC2R 8HP

Or you can also keep up with LBMA on some popular social media platforms, such as Twitter, Youtube, Linkedin and Instagram.

Pros & Cons of LBMA

Pros Cons
Long-Established & famous No regulated authority specified
Owning many members globally No online chat support
Transparent pricing list

Broker Information

Company Name

London Bullion Market Association

Company Abbreviation

LBMA

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 (0) 20 7796 3067

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • 1-2 Royal Exchange Buildings Royal Exchange London EC3V 3LF

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • mail@lbma.org.uk

Company Summary

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