Lmax.com Review

3.339 · 19 REVIEWS
Updated: Dec 31, 2020 · Visit site  · Is this your company?

Lmax is a forex broker. Lmax offers the MT4, MT5, Mobile and WebTrader forex trading top platform. Lmax.com offers over 100 forex currency pairs, cfds, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Lmax.com

Other websites of this company include lmaxtrader.co.uk

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10,000
Established: 2008
Address: Yellow Building, 1A Nicholas Road London, W11 4AN, United Kingdom
Contact: info@lmax.com, +44 20 3192 2500
Regional offices:
Regulators: FCA #509778, 783200
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, Mobile Trader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (100+)
Cryptocurrencies: (15+) Bitcoin, Litecoin, Ethereum
CFD: (15+) Gold, Silver, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
Scalping: Yes
MAM: Yes
PAMM: Yes
Deposit Methods: Bank Wire, MasterCard, Bitcoin
Withdrawal Methods: Bank Wire, MasterCard, Bitcoin

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3.339 · 19 REVIEWS
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Traders Reviews

Netherlands,
Feb 3, 2017,
Registered user

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.
 
Serbia, Serbia,
Jul 1, 2020,
Registered user

Unprofessional, terrible customer support !

Service use: Live

Length of use: 6-12 Months

No use of account manager!
He didnt even know basic things that the company update in meanwhile.
When u have money in your account they will kiss your ass, when u have less money they will not answer you.
 
Disclaimer provided by Lmax

FX and CFDs are leveraged products that can result in losses exceeding your deposit.

The information on this website is only directed at institutional and professional clients. It is not directed at residents of any jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations.