LMAX Review
- Highly professional
- Regulated broker
- Sophisticated and advanced trading platform
- Complicated and confusing website
- Only caters to high-profile investors and traders
LMAX Exchange (London Multi Asset Exchange) is an online forex and CFD trading brokerage as well as an Multilateral Trading Facility (MTF). LMAX is not your traditional online trading brokerage for everyday traders. This broker is solely for institutional investing groups and professional traders, rather than novice traders willing to throw money at anything. LMAX Exchange is owned and operated by LMAX Exchange Group which is the holding company of LMAX Limited and LMAX Broker Limited which operates the multilateral trading facility. The brokerage was established in 2008 and is a registered company in England and Wales under number 6505809. The LMAX Exchange is headquartered at Yellow Building, 1A Nicholas Road, London, W11 4AN and is therefore authorized and regulated by the Financial Conduct Authority (FCA). The brokerage exchange is internationally recognized and accepts and services traders from all over the world and therefore offers their services in multiple languages including English, Dutch, French, Russian, Spanish, and Chinese. It’s clear that LMAX Exchange is not your everyday trading brokerage, but why is this the case? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets LMAX Exchange apart from the competition and whether or not they can be trusted.
Trading Platform
LMAX Exchange utilizes their very own proprietary trading platform and technology that has been refined and developed by a dedicated team of sophisticated professionals in the online trading and investments industry. Their trading platform technology has been recognized for it’s excellence and proficiency within the forex trading industry. The core technology of the platform is unique, robust, and scalable for the continuous development and implementation of new aspects for efficient and successful trading. The platform is so advanced that it can confidently process up to 400 million orders a day without any latency issues. The platform has won numerous awards and is one of the most powerful and technically advanced in the industry. LMAX’s trading platform is clearly very advanced and complicated and requires a great deal of training and experience to competently use the platform to its full capacity. The platform comes complete with a highly advanced charting package with more technical indicators and drawing and analysis tools that one could ever use. Also, numerous news and data feeds can be incorporated into the platform, as well as automatic trading algorithms and other advanced scripts and features.
Exchange Markets
The LMAX Exchange is primarily a foreign exchange market (forex) broker but also offers the trading of precious metals, major indices, and commodities. In other words, the broker does not feature nearly as many tradeable assets as most other online trading brokerages, but for the products they do offer, they do it well. LMAX Exchange is a very specialized trading brokerage and acts as the institutional exchange for the foreign exchange markets.
Fees and Commission
The LMAX Exchange features some of the most competitive and lowest spreads and commissions in the financial trading industry. All spreads are variable which results in much tighter spreads than fixed spreads. Also, the spreads and commissions a trader incurs is dependent on their level of trading activity (number of trades, amount of money being traded, institutional or individual, etc.). The LMAX Exchange is very professional and transparent with their fee structure and a complete history of spreads can be viewed for multiple dates. Also, LMAX’s customer service representatives can clearly explain and assess the fees for you upon reviewing your trading activity and other information.
Security and Fairness
The LMAX Exchange is probably one of the most secure online trading brokerages in the world as they must be secure in order to service their high-profile clientele. LMAX services both institutional investors and professional traders and deals with hundreds of millions of transactions per day. The brokers website is secured by the latest encryption technologies and most sophisticated and technologically advanced web servers and data centers. As well, LMAX Exchange is registered and regulated by the Financial Conduct Authority (FCA) which helps to ensure they operate securely while maintaining best practices for the benefit of their customers. Also, all client’s funds are held securely in segregated accounts. As for fairness between traders, LMAX only accepts a certain level of trader. Traders must be serious and professional with a certain amount of capital in order to open an account with LMAX Exchange.
Support
LMAX Exchange offers their clients 24/7 support via telephone, email, or live chat. Multilingual support is available in the following languages; English, Dutch, French, Russian, Spanish, and Chinese. It has been reported that the customer support representatives are highly professional and very helpful and informative with their responses. Additional methods of support include the websites extensive FAQ page and various content found throughout the website. Traders will find explanations for nearly every aspect of the LMAX trading brokerage on the site.
Conclusion
The LMAX Exchange is relatively confusing at first glance, but it becomes evident that the exchange is solely designed for institutional and professional investors. The broker is highly sophisticated and advanced with its top of the line technology for the trading of forex and CFDs on precious metals, major indices, and commodities. LMAX Exchange has won numerous awards and is recognized around the world for it’s competent services. Also, the broker is regulated and trusted by many. It’s important to remember that novice traders will not fare well with LMAX Exchange as it is highly advanced and used only by advanced and professional traders.
LMAX Exchange Q&A
The following are the common questions that customers inquired about LMAX Exchange.
Is LMAX Exchange regulated?
Yes, it is regulated by the Financial Conduct Authority (FCA).
Is LMAX Exchange a scam?
No, LMAX Exchange is a legit broker and is licenced and regulated in the UK.
Where is LMAX Exchange based?
The LMAX Exchange is based at Yellow Building, 1A Nicholas Road, London, W11 4AN.
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