Lmax.com

jabberwocky

Recruit
Messages
1
lmax

hi all

was wondering i any other users could comment on lmax

i guess in this type of forum no news is good news as a bad experience is what will prompt people to post/complain

lmax was recommended to me and i like the idea of not being suspicious of dirty tricks from market maker etc


i am being realistic in my assumptions about lmax ?


cheers

jb
 

TraderThomasP

Recruit
Messages
1
Best execution venue for FX and CFDs. I have tested dozens of brokers, but no other venue can match the execution speed and spreads of LMAX Exchange. Also the fact that they are an Exchange and do not Trade against the clients, makes them my favorite venue for trading.
 

Sugit

Private
Messages
34
I have no experience in using their web platform, which seems very good. But I do have experience in using their MT4 platform (serviced by PrimeXM) for several EA's. That had worse results than e.g. AlpariUK, so be careful there.
 

traderbee

Recruit
Messages
15
My view on LMAX...​

Good Points...

I cannot say enough good things about LMAX when it comes to trustworthiness. They have been nothing but dependable and quick.
Their MT4 set up is very decent, never had an issue...already been trading with them for years.
Their spreads are tight on EURUSD, AUDUSD
They haven't adjusted their margin requirements in panic every time uncertainty looms (most brokers have gone nuts that last year with this)....last time I can recall was Bexit....for the rest, they've stayed put for years.

Bad Points...

Their leverage is very meager in comparison to most retail friendly brokers...just 1:100...
You STILL have to go via a person via chat to transfer money from your MT4 to your web account....come on LMAX, it's 2017!!!
Their SWAP charges are the highest of ANY broker!!

So, would I recommend them....? It depends on the trading you do with them, day traders, short term traders should be OK, but if you have long term strategies, find another broker.
 
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