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Is LMAX a Scam or Not? Detailed LMAX Review, which is a must read before you trade with this Forex broker. Read all LMAX pros and cons, full description of trading accounts, platforms, spreads, promotions.
20 Reviews

Founded: 2010 Min deposit: 10000 USD

Headquarters: London, United Kingdom Max Lev: 1 : 30

Contact

+44 2031922555

info@lmax.com

https://www.lmax.com/

8.3 Business Scope

Trading instrument and serviced countries

8.0 Trading Cost

Spread and commission

7.6 Trading Platforms

Trading software and multi-end trading

7.9 Customer Support

Customer support and value-added services

Good Reputation
Fast Order Execution
Strict Regulation
100+ Trading Instruments
Tight Spread
Leverage Limit
Multiple Base Currencies Support
Abdul Quddus Chowdhury
Jan 26, 2021
One of the biggest advantages of LMAX is its safe transaction environment. Compared to other platforms, it takes so long to open account, deposits & withdrawals with LMAX. But the lucky thing is its cost is reasonable. The broker is suitable for those who want to trade with large sizes.
Mohammad Aziz Uddin Chowdhury
Jan 14, 2021
No slippage is impossible. Occasionally there will be one or two points of slippages. My opinion is that the platform is available without malicious slippage, and the execution speed is very fast.
Niloy
Oct 20, 2020
The spread is low, the server is perfect, and the most important thing is that it is a regulated broker! A commendable platform, I recommend it to friends with good trading skills and a lot of money!
Licence Status

operate with regulation licenses

LMAX Review 2022 | Information about FBS Forex Broker - BrokersView
CySEC 310/16
LMAX Review 2022 | Information about FBS Forex Broker - BrokersView
FCA 509778
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Q&A Reviews

Deposit and Withdrawal

7.0

Good

No deposit fee

Features

Fast Deposit

Company and Service

8.3

Very Good

Reputational broker but with high demand for retail traders

Features

Good Reputation Multilingual Support

Profile
Headquarters Address
Yellow Building, 1A Nicholas Road London W11 4AN, United Kingdom
Founded 2010
Broker Type
MTF
Time Zone GMT
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows
Contact
No Data
Others
Website Language
English,  French,  German,  Russian,  Spanish
Customer Service By
Phone,  Email,  Live Chat,  Fax,  Twitter,  LinkedIn,  Youtube
Supported Language
English,  French,  German,  Russian,  Spanish

Broker News

Riina Sulonen Leaves LMAX as Head of Marketing Dec 01, 2021
Riina Sulonen has resigned from the role of Head of Marketing at LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading.
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LMAX Appoints Paul Ainsworth as Head of Institutional Sales for Americas Jul 09, 2021
LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, has appointed Paul Ainsworth as the company's Head of Institutional Sales for Americas. He will report to Patrick Bartle, Managing Director for Americas at LMAX Group and will be based in New York.
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LMAX Group Selects Pyth Network to Enter DeFi Space Jun 23, 2021
LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, announced that it has become the first major institutional exchange to join the Pyth Network (Pyth), a decentralised financial market data distribution network.
See more

Related Q&A

Do you recommend LMAX? Is it a trustworthy broker?

Joey Liau
Philippines
Apr 15, 2022
LMAX is regulated and supervised by the UK Financial Condudt Authority (FAC) with license No. 509778, and the Cyprus Securities and Exchange Commission (CySEC) with license no. 310/16. For more details of this broker, please check our full LMAX review.As a licensed entity overseen by two top-tier regulators, LMAX is required to follow a series of rigorous rules and obligations. Hence, this broker is considered to be a reliable broker by comparison with unregulated and weak-regulated brokers.
See more

Overall Score

20 Reviews

Cost 8.0

Platforms 7.6

Deposit & Withdrawal 7.0

Customer Support 7.9

Indicates the average level of Brokers

Keywords for selection
Recommend Low Spreads Stable Server Connection Trading Problems Regulated & Licensed Fast Execution Slippage Problems Low Swap Fee Reliable & Reputable Complicated Registration Process Advanced Trading Platform Deposit/Withdrawal Problems Trading Conditions Do Not Recommend High Swap Fee

20 reviews

Sort by

Abdul Quddus Chowdhury

Jan 26, 2021 0-6 months Standard Account
One of the biggest advantages of LMAX is its safe transaction environment. Compared to other platforms, it takes so long to open account, deposits & withdrawals with LMAX. But the lucky thing is its cost is reasonable. The broker is suitable for those who want to trade with large sizes.
Canada
Helpful
Not Helpful

Mohammad Aziz Uddin Chowdhury

Jan 14, 2021 7-12 months Standard Account
No slippage is impossible. Occasionally there will be one or two points of slippages. My opinion is that the platform is available without malicious slippage, and the execution speed is very fast.
Australia
Helpful
Not Helpful

Niloy

Oct 20, 2020 7-12 months Standard Account
The spread is low, the server is perfect, and the most important thing is that it is a regulated broker! A commendable platform, I recommend it to friends with good trading skills and a lot of money!
Cyprus
Helpful
Not Helpful

Maria

Apr 29, 2022 0-6 months Standard Account
Have used it for half year, so far, it is very good, spread is not very high. the platform is also very good. now reliable. Good luck to all!
Sweden
Helpful
Not Helpful

Elvis

Apr 01, 2022 7-12 months Standard Account
Good honest broker, the only reason why I don't give them 5 stars is because of their meager leverage....1:100 is not realistic in today's trading environment.....
United Kingdom
Helpful
Not Helpful

Michal

Jan 20, 2022 7-12 months Standard Account
Lmax are by far the most professional company when it comes to forex . Best spreads and ok commission . Their is no fancy sexy looking platform , it’s all about execution . Withdrawals are the fastest in the industry.
Saudi Arabia
Helpful
Not Helpful

romrom daspan

Jan 20, 2022 0-6 months Standard Account
employees are not professional they never have the right answers to your questions when you ask them.
Germany
Helpful
Not Helpful

Fedor

Nov 15, 2021 0-6 months Standard Account
No slippage is impossible. Occasionally there will be one or two points of slippages. My opinion is that the platform is available without malicious slippage, and the execution speed is very fast.
Mexico
Helpful
Not Helpful

Egor

Oct 09, 2021 7-12 months Standard Account
I currently think this platform is the best I have ever used, and the cost is so low that it can be ignored.
Germany
Helpful
Not Helpful

Artem

Sep 15, 2021 7-12 months Standard Account
It's pretty good in all aspects. After you choose to deposit by this way, it will be paid within 2 working days. The network connection is good, wifi and 4G connections are very smooth, but it is inconvenient to view pictures on mobile phones and modify stop-loss. I can't open a position under extreme market conditions, so I don't know if there is a slippage or disconnection.
Congo
Helpful
Not Helpful

1 - 10 of 20 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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