Forex Broker

LMAX review


On-line since: 2010
Country of origin: the United Kingdom
Regulation: FCA
Payment options: bank wire transfer, Visa/MasterCard bank cards
Minimum account size: $1000
Minimum lot size: 0.01 lot
Leverage: 1:1000
Spreads: floating, from 0 point

About company:

LMAX is an unusual broker. While being a forex and CFD broker, it is also the first Multilateral Trading Facility which is regulated by the FCA.

The trading technology of LMAX Exchange received the award of the Best Marketing Platform in 2015. This platform can process up to 400 million orders per day. Besides, LMAX Exchange was recognized as the fastest growing UK firm.

LMAX Exchange works similar to an exchange, so it is impossible to cancel an order at the stated price on the part of sellers as the liquidity is quoted by limit orders.

All clients of LMAX Exchange can enjoy high liquidity, fast execution and small spreads.

The exchange model is a cost-effective way of trading liquidity products. In an industry which is currently not regulated, LMAX Exchange strives to provide transparent services to all market participants.

Trading conditions

LMAX Exchange offers over 100 trading instruments: currencies, indices, shares and commodities. The broker ensures instant execution of orders through the STP technology which takes up to 7 milliseconds.

Trading accounts

The broker offers the LMAX Prime Account to professional brokers. This type of account ensures the highest level of liquidity provided by major global banks through the ECN technology.

The main LMAX profile offers solutions for managing the trading volume, several sources of liquidity, and efficient clearing model.

The LMAX Institutional profile enables clients to apply complex algorithmic trading strategies.

The liquidity on the LMAX Institutional account is provided by several big financial institutions which creates a unique trading floor with momentous execution. This type of account suits hedge funds, scalpers, and corporate clients.

The broker offers one more account type for banks – LMAX InterBank. It ensures fast execution, full transparency, and equal conditions for all market participants regardless of their position or level of activity.

Moreover, demo accounts are also available.

Trading platform

Various trading platforms are available for trading. Besides, the broker provides its clients with the API.

Trading at LMAX Exchange is conducted through MetaTrader 4, which is also available as a mobile app, and the Multicharts featuring Easy Language.

Besides, the broker provides an opportunity to create or integrate its own platform through free libraries such as .NET, Java, JSON/XML with the help of the FIX protocol.


LMAX provides numerous video tutorials. The website contains announcements of future events, as well as video reports of past events. The latest news is presented in text or video formats.

By clicking the Blog section, you reveal a list of various tweets and links to them which provide interesting news and analysis.

LMAX mobile app is available to all clients. It ensures fully functional trading and live quotes updates. This app can be downloaded in AppStore or Google Play.

Customer support service

Clients of LMAX can contact managers of the company by email or a live chat. Additionally, they can visit the company’s office in London. The website is available in English, German, French, Russian, Chinese, and Polish.

Payment methods

Clients of LMAX can make a deposit through a bank wire transfer or with the help of a bank card. Traders can transfer funds directly to LMAX account at the National Westminster bank. Deposits via bank cards are processed within one minute.


  • Regulated broker
  • Obtained numerous awards
  • Provides demo accounts and educational materials.


  • Deposit via electronic payment systems is not available.

LMAX 2/10 (votes 2196)
Author of LMAX: Kowalski | Date 2024-01-29
I am dealing with a live account with Lmax platforms. Trading is simple, the platform is user-friendly, and here I got an outstanding order execution. Also, the platform builds in some awesome tools too. I have withdrawn my profits through Skrill. I'm very impressed with the Lmax.
Author of LMAX: Ertha | Date 2022-08-25
LMAX is worst broker ever I have traded with. Yesterday I placed an order on USD/JPY and 45 minutes latter market moves in the opposite way so I was trying to close the position but I was unable because the platform crashed. Even I tried with their web platform here also same situation. I lost over $1315 just in one trade. I also contact with their support via live chat but they refuse to accept that was their platform problem. So I would not recommend this broker.
Author of LMAX: Rmoyep | Date 2022-01-04
I have a very good experience with LMAX! Spreads are reasonable Execution is quick and customer service is attentive on the occasion that I have used has been quick responsive and also professional. Using their MasterCard for transfer money, it really is a no hassle on the client part in depositing and or withdrawing funds.
Author of LMAX: Loanis | Date 2021-10-06
LMAX promised to provide favorable trading conditions but when I started an account with them, I was only disappointed. The broker had a terrible trading platform and they charge high fees on all transactions. Good thing they let me close my account and take my remaining funds back.
Author of LMAX: Nayla | Date 2021-08-03
Website is poor, their platforms are terrible. My fx bank has bad functions and is very difficult to withdraw money. I couldn't manage my orders properly because of the bugs that always popping up. Very useless! The Support team were unreachable since yesterday. There are periods when you keep getting off quotes error messages, even when volatility is not very high.
Author of LMAX: Oscar | Date 2020-12-01
My trading is profitable on the Lmax platforms because I get many trading advantages on the platform, which is build-in analytical tools, indicators and EA. Also, their service is awesome, As I am comfortable dealing with themselves. Almost their spread is tight and execution is instant. As I can earn $250 so far and I have satisfied with their payment through the Neteller account. Overall I say Lmax broker is reliable!
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