LMAX Global UK – account FAQs
How do I open an individual LMAX Global UK account? more
How do I open a Corporate LMAX Global UK account? more
What is the minimum initial deposit? more
$10,000 (or base currency equivalent) is the minimum initial deposit for an account. close
How do I fund my account? more
We currently offers 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. close
How secure are my funds with LMAX Global? more
What are your spreads and trading costs? more
LMAX Global spreads are variable. To view our historical spreads, please click here
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.
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%|
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
- MT4/5 bridges (for brokers)
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.
How does LMAX Global define ‘uptime’? more
We define “uptime” as the percentage of time the LMAX Global trading platform is available for customers to log-in during published business hours.close
What are the trading hours more
Download Terms of business pdf
Download API agreement pdf
Download Order execution policy pdf
Download Risk warning notice pdf
Download Trading manual pdf
Download MT4 trading manual pdf
Download LMAX deliverable FX agreement pdf
On request LMAX Global UK Pillar III disclosure
Key information documents (KID)
Download Instrument list and charges pdf
Download PRIIPS KID Energy CFDs v3.1 pdf
Download PRIIPS KID Exotic FX pairs v3.1 pdf
Download PRIIPS KID Index CFDs v3.1 pdf
Download PRIIPS KID Non exotic FX pairs v3.1 pdf
Download PRIIPS KID Rolling spot bullion v3.1 pdf
Download PRIIPS KID Crypto CFDs v3.1 pdf
Download KID Spot crude oil pdf
Download KID Weekend FX pdf