FXBrokerTrust
LMAX

LMAX

Compliant
Company Name
LMAX
Headquarters
United Kingdom
Founded
Founded in 2010
  • FCA
  • FSA
  • VFSC
Overall Score
8.3/10
Min Deposit
$250
Max Leverage
1:100
EUR/USD Spread
0.0 pips
Trading Platforms
LMAX Global, MT4, FIX API
Withdrawal Speed
1-3 business days

Overview

LMAX is a UK-based institutional-grade forex and CFD broker founded in 2010. Regulated by FCA, FSA(Seychelles), and VFSC, LMAX is renowned for its transparent ECN/DMA execution, no last look policy, raw spreads from 0.0 pips, and direct market access through its LMAX Global platform and FIX API connectivity.

Basic Information

Company Name
LMAX
Founded
Headquarters
United Kingdom
Official Website
https://www.lmax.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Metals
Account Types
Standard, Professional

Regulation

Regulatory licenses and compliance status of this broker

  • FCAVerified

    FCA · License Number FRN 785221

  • FSAVerified

    FSA · License Number SD044

  • VFSCVerified

    VFSC · License Number 40241

Trading Conditions

Trading Conditions

Min Deposit
$250
Max Leverage
1:100
EUR/USD Spread
0.0 pips
Trading Platforms
LMAX Global, MT4, FIX API
Account Types
Standard, Professional

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
Deposit Speed1-2 business days
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
Withdrawal Speed1-3 business days
Withdrawal FeeFree

Scoring Details

Regulatory QualificationWeight 30%
8.5
Trading EnvironmentWeight 20%
8.3
Fund SafetyWeight 15%
8.5
User ReputationWeight 15%
8.3
Platform FeaturesWeight 10%
8.5
Customer ServiceWeight 10%
7.8

Pros & Cons

Pros

  • Exchange-based execution with central limit order book
  • No last look policy ensures fair order fills
  • FCA regulation with strong investor protection
  • FIX API for low-latency algorithmic trading
  • Transparent pricing from competing liquidity providers

Cons

  • Maximum leverage limited to 1:100
  • Bank transfer only for deposits and withdrawals
  • Higher minimum deposit of $250
  • No MT5 platform available
  • Limited educational resources for beginners