LMAX Global – account FAQs
How do I open an individual LMAX Global account? more
How do I open a corporate LMAX Global account? more
LMAX Global UK
You can download a corporate account application form here or contact our customer support team on +44 20 3192 2555 or email [email protected].
LMAX Global EU
You can download a corporate account application form here or contact our customer support team on +44 20 3192 2555 or email [email protected].
LMAX Global NZ
You can download a corporate account application form here or contact our customer support team on +64 4889 4510 or email [email protected].
What is the minimum initial deposit? more
LMAX Global UK
$10,000 (or base currency equivalent) is the minimum initial deposit.
LMAX Global EU
$10,000 (or base currency equivalent) is the minimum initial deposit.
LMAX Global NZ
No minimum initial deposit is required.
How do I fund my account? more
LMAX Global UK
We currently offer accounts denominated in GBP, EUR, USD, AUD, CHF, JPY, PLN, SEK, SGD, HKD and HUF. We accept funds via bank transfer and debit/credit card.
LMAX Global EU
We offer accounts denominated in GBP, EUR, USD. Currently we only accept funds via bank transfer.
LMAX Global NZ
We offer accounts denominated in AUD, EUR, GBP and USD. We accept funds via bank transfer, debit/credit card, Skrill and Neteller.
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How secure are my funds with LMAX Global? more
LMAX Global UK
In compliance with the FCA client money rules, all client funds are held in a segregated client trust account. The Client Money Overview document describes the procedures followed in relation to client funds.
LMAX Global EU
In compliance with the CySec Safeguarding of Clients Funds, all client funds are held in a segregated client trust account.
LMAX Global NZ
We hold money deposited by clients in a top tier global bank and separate from LMAX New Zealand Limited corporate funds.
What are your spreads and trading costs? more
LMAX Global UK
Spreads
LMAX Global spreads are variable. To view our historical spreads, please click here
Commissions
LMAX Global account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity.
Call our customer support team on +44 20 3192 2555 or email [email protected] for more information.
Overnight financing
FX Overnight Financing
The financing charge for rolling spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependant on market conditions and including an LMAX Global charge. When a position is held overnight, we will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX Global premium.
The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on your position is not adjusted, rather a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. Example available on request.
CFD Overnight Financing Rates
Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.
| Instrument | Reference Rate | Standard Contracts Long | Standard Contracts Short | Mini Contracts Long | Mini Contracts Short |
|---|---|---|---|---|---|
| UK instruments | 1 month LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
| Euro instruments | 1 month EUR LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
| US instruments | 1 month USD LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
| JPY instruments | 1 month JPY LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
| AUD instruments | 1 month AUD LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
| HKD instruments | 1 month HKD LIBOR | + 2.0% | – 1.5% | + 2.5% | – 2.0% |
LMAX Global EU
Spreads
LMAX Global spreads are variable. To view our historical spreads, please click here
Commissions
LMAX Global account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity.
Call our customer support team on +44 20 3192 2555 or email [email protected] for more information
Overnight financing
FX Overnight Financing
The financing charge for rolling spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependant on market conditions and including an LMAX Global charge. When a position is held overnight, we will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX Global premium.
The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on your position is not adjusted, rather a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. Example available on request.
LMAX Global NZ
Spreads
LMAX Global spreads are variable. To view our average spreads, please click here
Commissions
Account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity.
Call our client support team on +64 4889 4510 or email [email protected] for more information
Overnight financing
FX overnight financing
The financing charge for rolling spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependant on market conditions and including an LMAX Global charge. When a position is held overnight, we will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX Global premium.
The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on your position is not adjusted, rather a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. (Example available on request).
CFD overnight financing rates
Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.
| Instrument | Reference Rate | Standard Contracts Long | Standard Contracts Short | Mini Contracts Long | Mini Contracts Short |
|---|---|---|---|---|---|
| UK instruments | 1 month LIBOR | +2% | -2% | +2.5% | -2.5% |
| Euro instruments | 1 month EUR LIBOR | +2% | -2% | +2.5% | -2.5% |
| US instruments | 1 month USD LIBOR | +2% | -2% | +2.5% | -2.5% |
| JPY instruments | 1 month JPY LIBOR | +2% | -2% | +2.5% | -2.5% |
| AUD instruments | 1 month AUD LIBOR | +2% | -2% | +2.5% | -2.5% |
| HKD instruments | 1 month HKD LIBOR | +2% | -2% | +2.5% | -2.5% |
Which instruments can I trade? more
How do I access LMAX Global? more
There are a number of ways to access LMAX Global:
- FIX 4.4
- API (Java, .NET)
- Web GUI
- Mobile
- MT4/5 bridges (for brokers)
What customer support is available? more
All details can be found on the Contact us page. close
How does LMAX Global define ‘latency’? more
There are different definitions in relation to latency:
- We define “trade (order) execution latency” as the time between the receipt of an order arriving at the edge of LMAX Global systems, and the order confirmation leaving LMAX Global systems. For LMAX Global clients – the trade latency figure also includes the time it takes to do all pre-trade risk checks, ensuring the trade can be executed.
- We define “internal latency” as the time it takes for the order to be processed through LMAX Exchange “matching engine” software.