LMAX is an English institutional broker of Forex and CFDs regulated by the FCA. This means that LMAX only provides services to institutions and professional clients. This requires an account of several hundred thousand dollars as an individual.
This is a pure ECN broker in which transactions take place in the LMAX Exchange or Market, one of the world’s leading Forex and CFD trading in direct market access mode.
LMAX is a broker specialized in the institutional market, offering three account divisions, the Professional, the Institutional, and the Interbank.
- The Professional is aimed at professionals, brokers, and institutions
- The Institutional Fund and other organizations specialized in the world of investment
- The Interbank, as the name, indicates, to banks.=
These accounts can give us an idea of the type of clients that LMAX works with, so this is not a broker for small clients.
Opinion Of LMAX
In particular, this is a broker with which we worked in the past, and we can only speak well of it both in terms of commissions and execution.
If the trader does not win here, it will not be the fault of LMAX, but of the bad strategies applied.
Therefore, it is not surprising that this broker is the provider that many other reputable brokers choose as a channel to offer their Forex trading services.
Since its launch, and especially after its break with Betfair, LMAX was one of the leading brokers in the Forex and CFD market.
After some time, the broker stopped offering accounts to retail traders with the old requirement of a minimum of $ 10,000, which was already high in itself. Although curiously before, there was the possibility of opening accounts with up to 2,500 using some introducting broker is (Introducing Broker คือ which is the term in Thai).
With the current structure, it does not make much sense to talk about the trading conditions for the typical trader. Still, there is the possibility of opening an account with brokers that use LMAX as liquidity providers.275