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LMAX Global Review

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LMAX Global
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2.20/5

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LMAX Global is a well-established broker since 2008. LMAX Global has headquarters in Cyprus and United Kingdom. LMAX Global to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by CySEC 310/16 and FCA (UK) 509778.


Company Information

🌐 Website
www.lmax.com

Year Established
2008

🌎 Country
CyprusUnited Kingdom

💼 Regulation

Features

👨‍💻 PAMM accounts

📊 MAM accounts

📁 Segregated accounts

📈 Managed accounts

Account Information

Apart from the forex demo account, this broker offers Professional. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by LMAX Global is up to 1:30. Meanwhile, you can open an account with a starting capital of $10000.

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Min Deposit

$10000

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Max Leverage

1:30

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Spread

Fixed

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $10000

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

Instruments Traded

Besides lots of currency pair, LMAX Global also offers some instruments you would like to trade on, such as Forex, CFD, Oil, Stocks, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Professional account, LMAX Global specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Indexes

Indexes
1:10

Crypto

Crypto
1:2

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

LMAX Global also provides payment with Crypto and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, LMAX Global offers you MetaTrader 4.

Customer Support

Do you have any question or find any trouble related to LMAX Global? If you do, you should reach LMAX Global's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English

Office Support

Email Support

Call Support

Chat Support



FAQ About LMAX Global

Is LMAX Global a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if LMAX Global is a good broker for you or not by reviewing the criteria. In general, LMAX Global provides trading service in Forex , CFD , Oil , Stocks , Indexes and Crypto . As for the payment methods, you can choose between Crypto, Credit/debit cards and Wire transfer. The customer support is available via Email and Phone.


What is the minimum deposit for LMAX Global?

The starting capital in LMAX Global is $10000.


Is LMAX Global regulated?

LMAX Global is regulated by CySEC 310/16 and FCA (UK) 509778. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is LMAX Global legit?

LMAX Global is a brokerage company offering trading services for clients since 2008 with offices in Cyprus and United Kingdom.