Company Brief:

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 incorporated in London. LMAX is the first regulated MTF (Multilateral Trading Facility) that brings a possibility to Institutions and professional traders to trade on the central limit order book from top-tier banks and liquidity suppliers.

Over the last years, LMAX has been recognized as one of the fastest growing technology firms in the UK with conduct businesses within Europe, North America and Asia-Pacific, which been recognized by prestigious rankings and demonstrates the innovative achievements.

Best FX Trading Venue (ECN/MTF) 2016, 2015, 2014, 2013 | Fund Technology and WSL Awards

Best Trading & Execution 2016 | HFM US Technology Awards

Best Margin Sector Platform 2017, 2016, 2015, 2014, 2013 | Profit & Loss Readers Choice Awards

Best Execution Venue 2013 | Forex Magnates Awards

Winner 2015, 2016 | Deloitte UK Technology Fast 50

The Broker’s expertise mainstays in robust technology that ensures ultra-low latency and transparent costs to trade FX (including Cryptocurrencies), metals, indices and commodities through global exchange infrastructure – NY4, LD4, TY3.

Furthermore, the LMAX takes an active part within the global FX market in the measures and survey findings conducted to assess the sentiments and recommendations on the changes. The customer support service is another pro of the company that provides various functions, either online, or by phone, email support, along with trading education through the huge video library. 

LMAX Exchange Review

Licenses and Regulations:

LMAX Exchange is a trading name of LMAX Limited and LMAX Global, which both operates as a trading facility authorized and licensed by the Financial Conduct Authority. There is a particular need to conduct a double regulation of each branch, according to the MiFID requirement specified in the Broker’s offering that is conducted for institutional clients creating the unique trading venue or to use the sophisticated algorithms, either to the retail client through centralized clearing across venues.

Due to its regulations and complied requirements, the Broker provides an utmost level of security to their investors and clients, along with full compliance with applicable laws. The following regulation adheres the strict guidelines of operation, capital demands, client’s funds’ segregation and scheme participation, which ensures the protection of the investment under any circumstances.

Trading Platforms:

Based on the scalable technology of LMAX Exchange the continuous focus on expertise and improvements through low latency engines, exchange performance and ‘Disruptor’ technology that maximizes performance.

LMAX Exchange technology, recognized by multiple industry awards, delivers superior connectivity, ultra-low latency execution and real-time streaming market and trade data available to all participants – regardless of status, size or activity levels. There is a number of ways to access LMAX Global technology and platform, either via FIX 4.4, API (Java, .NET), Web GUI, Mobile Application (LMAX Global Trading, LMAX Exchange News, LMAX Exchange VWAP) and MT4/5 Bridges (for Brokers). All bring real-time updates, quality execution speed, capabilities to use various strategies and ultimate level analysis tools with full market depth.

– The Cryptocurrency institutional trading is enabled through separate brand within the group – LMAX Digital that enables to trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple among institutions admitted to trading. The central limit order books provided through cross-connect at LD4 and internet with one public rulebook applied to all members. The trading technology is based on proprietary LMAX Exchange and is a custodian solution on a tiered system with increased security.

 

Account Types:

LMAX Exchange always tries to validate the account electronically, but will occasionally require some additional supporting documentation, especially when it comes to corporate or institutional clients. There is no range of account types offered, while the type will diverse only by the Investors profile. Due to the company establishment either Institutional or Professional clients are able to join, thus requires a strong financial background.

The reason of that is the superior technology that is core to traders of bigger size, as well as the quite high balance to maintain the account opening – 10,000$. Due to the clientele nature, the accounts will feature tailor-made offerings with variable spreads, typically 0.1 pips (extracted from historical spreads) and a competitive commission rate structure dependant on the level of activity.

– The institutional Exchange delivers a neutral field and is unique FX trading venue for all market participants, including funds, banks, proprietary trading firms, brokers and managers through the MTF operational model, bilateral clearing and equal treatment of members.

Deposit and Withdrawal Methods:

LMAX Global currently offers accounts denominated in GBP, EUR, USD, AUD, CHF, JPY, PLN, SEK, SGD, HKD and HUF, while there are only two most convenient payment methods accepted to fund the account. Via bank transfer and debit/credit card.

Conclusion:

LMAX Exchange review presents a company that offers a comprehensive solution to the individual traders of bigger size and institutional clients. Even though the novice traders may not be the company clientele, due to the technological offering, high financial demands and implementation, the broker offering is among the most competitive and powerful for its solutions as well as the conditions. Thereof, there it is not much detailed information about the Broker’s accounts and platforms, yet the general proposal is deeply comprehensive for institutions as much as it has to be tailored and enhanced by each own need, as well combined with ease of use and deliverable costs. The conclusion goes also to the excellent performance on the range of trading instruments and technologies, that were recognized timely by the reputable publications, along and strict regulation by the reputable FCA.

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