LMAX Global NZ – account FAQs
How do I open an individual LMAX Global NZ account? more
How do I open a corporate LMAX Global NZ account?more
How do I fund my account?more
We offer accounts denominated in AUD, EUR, GBP and USD. We accept funds via bank transfer, debit/credit card, Skrill and Neteller. close
What leverage do you offer? more
As an LMAX Global client with LMAX New Zealand Limited, you will be able to trade on the following leverage:
|Instrument type||Leverage margin*|
|Major FX pairs||200-1|
|Minor FX pairs||200-1|
* For qualifying details contact your account manager at [email protected]
How secure are my funds? more
We hold money deposited by clients in a top tier global bank and separate from LMAX New Zealand Limited corporate funds. close
What are your spreads and trading costs?more
LMAX Global spreads are variable. To view our average spreads, please click here
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
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
Over 100 instruments: FX, bullion, equity indices, spot commodities and crypto CFDs.
- LMAX Global London (LD4) – download instrument list
- LMAX Global Tokyo (TY3) – download instrument list
- LMAX Global New York (NY4) – download instrument list
- LMAX Global Singapore (SG1) – download instrument list
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
- MT4/5 bridges