Accounts & headline costs
Sections ↑LMAX Global is built around professional access to firm limit-order liquidity rather than a mass-retail spread account. Its defining features are a central-limit-order-book style execution environment, strict price/time priority, no “last look” rejection and multiple connectivity routes. The minimum funding and API requirements reinforce that professional positioning.[1][2][5][4]
The service also contains distinct account layers that should not be merged: the ordinary professional FX/CFD account, an independently funded Weekend FX account and a UK deliverable-FX route with its own USD 50,000 minimum. One brand therefore covers several execution and settlement relationships.[6][7]
Broker essentials
| Measure | Value | Context |
|---|---|---|
| Primary audience | Professional and institutional clients | The global and UK pages are directed at professional/institutional clients.Source 2Source 6 |
| Minimum initial deposit | USD 10,000 equivalent | Published for the standard LMAX Global account.Source 3Source 4 |
| Instrument access | More than 100 instruments | FX, metals, equity indices, commodities, crypto CFDs and Weekend FX are named.Source 2Source 1 |
| Matching locations | London, New York, Tokyo and Singapore | Group infrastructure and liquidity pools are identified across the four centres.Source 2Source 8 |
| Execution claim | Average matching speed 3 milliseconds | A company-reported figure, not an independent latency test for every client route.Source 2 |
Three account relationships
| Route | Opening / funding point | Instruments and mechanics | Access |
|---|---|---|---|
| LMAX Global professional account | USD 10,000 equivalent initial deposit | 100+ FX/CFD instruments; variable spreads and activity-based commission | Web, mobile, API, FIX and bridge routesSource 4Source 1Source 5 |
| Weekend FX account | Separate independently funded account | EUR/USDw and USD/JPYw rolling CFDs; weekday positions remain separate | GUI, mobile, API, FIX and ITCHSource 6 |
| Deliverable FX | USD 50,000 equivalent minimum | Physical FX conversion/settlement rather than a leveraged rolling CFD | Web, mobile and API; UK service scopeSource 7 |
Who the service is designed to serve
| Client / use | Published fit | Key evidence to confirm |
|---|---|---|
| Professional trader | Large initial funding, variable commission and institutional liquidity | Professional classification and account agreement.Source 4Source 2 |
| Broker or institution | FIX/API, full-book data and matching locations | Connectivity, market-data, prime and credit arrangements.Source 5Source 8 |
| Weekend hedger | Two weekend FX CFDs in an independent account | Settlement methodology and gap risk around the weekday market.Source 6 |
| Deliverable FX user | Large conversion/settlement transactions | Quoted all-in rate, value date and beneficiary details.Source 7 |
Products & platforms
Sections ↑Access methods
| Route | Published capability | Requirement or limitation |
|---|---|---|
| Web GUI | Professional browser interface | Direct access without a custom integration.Source 5 |
| Mobile | Account and trading access | Depth display and functionality differ from FIX.Source 5 |
| FIX 4.4 / Java / .NET API | Automated trading and up to 20 levels of depth via FIX | Licence agreement and implementation expertise required.Source 5 |
| MT4/MT5 bridges | Bridge access to LMAX liquidity | A bridge is not a native retail MetaTrader account schedule.Source 5 |
| Cross-connect / hosted networks | LD4, NY4 and TY3 routes plus providers | Infrastructure choice affects latency and cost.Source 5 |
Weekend FX contract specification
| Instrument | Margin | Contract / tick | Account consequence |
|---|---|---|---|
| EUR/USDw | 1% | 10,000 contract; 0.00001 tick worth USD 0.10 | 24/7 rolling CFD; separate from weekday EUR/USD.Source 6 |
| USD/JPYw | 1% | 10,000 contract; 0.001 tick worth JPY 10 | 24/7 rolling CFD; separate account funding.Source 6 |
| Position relationship | Independent | Weekend positions do not offset weekday positions or margin | Realised P/L can be transferred on request.Source 6 |
Fees & holding costs
Sections ↑Cost and funding terms
| Item | Published treatment | What remains to establish |
|---|---|---|
| Initial deposit | USD 10,000 equivalent | The standard professional-account threshold.Source 4 |
| Base currencies | GBP, EUR, USD, AUD, CHF, JPY, PLN, SEK, SGD, HKD and HUF | Funding and settlement still depend on the account.Source 4 |
| Funding | Bank transfer and debit/credit card | Provider and regional details follow the account process.Source 4 |
| Spread | Variable | Historical spread data is referenced; no single fixed spread represents the service.Source 4 |
| Commission | Activity-dependent rate structure | A commercial quote is needed for the client’s expected volume.Source 4 |
Rolling FX financing is a separate cash entry based on the currency interest-rate differential and an LMAX premium; weekend and holiday rolls reflect the longer period. The UK FAQ still displays LIBOR-labelled CFD examples, so those dated reference-rate examples should not be used as a current executable financing quote. The operative instrument information and agreed commission schedule are needed for a current total cost.[10]
Execution & trading rules
Sections ↑Execution structure
| Feature | Published design | Practical consequence |
|---|---|---|
| Liquidity | Streaming firm limit orders | A displayed price is intended to be executable rather than subject to last-look rejection.Source 1Source 2 |
| Order priority | Strict price/time priority | Orders at a price are sequenced by arrival time under the stated rules.Source 1 |
| Anonymity | Buyers and sellers matched anonymously | The counterparty is not selected through a dealer-facing retail ticket.Source 2 |
| Market data | Streaming full order book | FIX can expose up to 20 levels of depth.Source 1Source 5 |
| Reports | Web and FIX Drop Copy | Execution and reconciliation data can be delivered separately from the order channel.Source 1 |
The distinction between no last look and no slippage is essential. Firm displayed liquidity removes one rejection mechanism; it does not guarantee that a market order or a large order will fill entirely at one price. The order book and the client’s execution instruction still determine the result.
Deposits, withdrawals & transfers
Sections ↑LMAX Broker Limited’s January 2026 terms permit withdrawal of cleared positive cash subject to available margin, foreseeable close-out losses, legal checks and set-off. Bank-holder evidence can be required. Once those conditions are satisfied, the contract requires processing by the second business day after the request; it does not guarantee bank arrival that day. Cash and cheque deposits are not accepted.[9]
Protection & regulation
Sections ↑Selected LMAX Global companies
| Legal entity | Authority / reference | Published regional role |
|---|---|---|
| LMAX Broker Limited | FCA 783200 | United Kingdom investment-firm broker route.Source 2Source 6 |
| LMAX Broker Europe Limited | CySEC 310/16 | European investment-firm route; company HE 346613.Source 2 |
| LMAX New Zealand Limited | FSP612509 | New Zealand financial-service-provider registration.Source 2 |
| LMAX Broker Mauritius Limited | Mauritius FSC GB19025016 | Mauritius-regulated broker company.Source 2 |
For professional clients and eligible counterparties, clause 18 of the January 2026 UK terms applies a title-transfer collateral arrangement unless otherwise agreed. Ownership of that money passes to LMAX, CASS client-money segregation does not apply, and the customer ranks as a general creditor on insolvency. An agreed opt-out, or the contract’s dormant-account treatment, restores client-money treatment. The classification and signed agreement therefore determine whether a professional balance is segregated.[9]
- Headquarters
- London, United Kingdom
- Founded
- LMAX Group operating history dates to 2010
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
LMAX Broker Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Conduct Authority783200 | Not verified | Checked 9 Oct 2026FCA investment-firm reference published by LMAX Global. Company-published licence reference; the cited material is not an independently retrieved current regulator match. This evidence label is not a finding of unlicensed activity.Source 2Source 6 |
LMAX Broker Europe Limited
CyprusSource 2
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Cyprus Securities and Exchange Commission310/16 | Not verified | Checked 9 Oct 2026CySEC investment-firm licence published by LMAX Global. Company-published licence reference; the cited material is not an independently retrieved current regulator match. This evidence label is not a finding of unlicensed activity.Source 2 |
LMAX New Zealand Limited
New ZealandSource 2
No separate licence entry is recorded in this panel.
LMAX Broker Mauritius Limited
MauritiusSource 2
No separate licence entry is recorded in this panel.
Opening an account & support
Sections ↑The published UK complaints policy uses +44 20 3192 2555 and [email protected]. An unresolved complaint receives acknowledgement within three business days and a written response within eight weeks. Eligible customers can refer the dispute to the Financial Ombudsman Service, ordinarily within six months of the final response. The policy’s availability does not mean every institutional or professional complainant meets the Ombudsman’s eligibility test.[11]
Additional Information
Sections ↑LMAX Global’s distinguishing feature is market structure rather than a headline “from” spread. The useful comparison asks how an order enters, what liquidity is firm, which account funds the position, which company serves the client and what the complete connectivity-and-commission package costs.
Sources & further reading
- LMAX Global UK overview LMAX Group · Accessed 9 Oct 2026
- LMAX Global company and entity overview LMAX Group · Accessed 9 Oct 2026
- LMAX Global account FAQs LMAX Group · Accessed 9 Oct 2026
- New client information and account FAQs LMAX Group · Accessed 9 Oct 2026
- LMAX Global access methods LMAX Group · Accessed 9 Oct 2026
- Weekend FX instruments LMAX Group · Accessed 9 Oct 2026
- Deliverable FX service LMAX Group · Accessed 9 Oct 2026
- LMAX Group overview LMAX Group · Accessed 9 Oct 2026
- LMAX Global UK Terms of Business, January 2026: withdrawals and TTCA LMAX Global · Accessed 15 Oct 2026
- LMAX Global UK account, financing and service FAQ LMAX Global · Accessed 15 Oct 2026
- LMAX Global UK complaints procedure currently linked by the broker LMAX Global · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.