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LMAX Exchange - Frequently Asked questions

FAQs
What products are available through LMAX?
 

LMAX† offers trading on Forex and Centrally Cleared CFDs. You can see the list of currency available here and CFDs on indexes and commodities here.

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FAQs
What is the advantage of trading through LMAX?
 

LMAX† exchange is a Multilateral Trading Facility (MTF) which means that there is no dealer intervention, no hedging of clients positions and no requotes. All orders are passed to the exchange where prices are quoted by the liquidity providers or other traders like you, resulting in increased trasparency of pricing and execution. LMAX† simply matches the best bids and offers. Take a look at our complete LMAX† offer at this page.

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FAQs
What is the advantage of opening an account on LMAX through FastBrokers®?
 

LMAX† is an MTF exchange offering direct access to its products through an API and a basic web-based platform. By opening an account through FastBrokers, you will be able to trade on the LMAX MTF using PathFinder Trader™ at no extra cost.

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FAQs
What is the minimum deposit required to open an LMAX account?
 

You can open an LMAX† trading account for as low as $2,500 (or equivalent GBP or EUR).

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FAQs
I'm a US Citizen can I open an Account with LMAX?
 

Unfortunately, US citizen and US residents are not allowed to open an account with LMAX†, because LMAX is currently registered and regulated in Europe.

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FAQs
Is LMAX Regulated?
 

LMAX† Limited is authorized and regulated by the Financial Services Authority in the United Kingdom (Register Number 509778). LMAX Limited is registered in England and Wales (Number 06505809). LMAX holds registration as a broker and an MTF (Multilateral Trading Facility).

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FAQs
Are the Funds deposited with LMAX segregated?
 

LMAX† ensures that client funds are segregated and protected from their own business activities at all times. As a regulated entity LMAX† is fully compliant with the FSA Client Assets Sourcebook (CASS). LMAX holds client trust accounts at RBS and JP Morgan Chase and also holds a client trading account with the London Clearing House.

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FAQs
Do you offer Level 2 depth view on LMAX products?
 

Yes, all contracts traded on LMAx™ offer level 2 depth of market view.

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