LMAX Global — where it wins, where it loses
LMAX Global does not currently take a column outright against this field. It loses on published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where LMAX Global takes the field outright.
Loses on
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FCA | 509778 | UK | Tier 1 | LMAX Limited | register.fca.org.uk |
| CySEC | 310/16 | Cyprus | Tier 2 | LMAX Broker Europe Limited | lmax.com |
Checkable
Facts the comparison runs on
On the record
- LMAX Group was established in London in 2010.
- LMAX Limited is authorised and regulated by the FCA under firm reference number 509778.
- LMAX Global is a trading name of LMAX Broker Europe Limited (registration number HE 346613) in the EU, licensed by CySEC under number 310/16.
- LMAX Group also operates an FCA-regulated multilateral trading facility (MTF) for institutional FX.
- LMAX Global offers an exchange-style central limit order book with no last look execution.
| Trading since | 2010 |
|---|---|
| Base | London, UK |
| Minimum to open | not verified |
| Leverage cap | 1:30 (UK/EU retail) |
| EUR/USD | not verified |
| Terminals | LMAX proprietary web platform, MT4, MT5, FIX API |
| Account tiers | Retail, Professional, Institutional |
| Record confidence | medium |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minDeposit — LMAX does not publish a single figure; third-party reports range from $1,000 to $10,000
- spreadEurusd — LMAX charges commission on raw order-book spreads, so no typical marked-up spread is published
- public listing status
Costs less
Who beats LMAX Global on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.