Desk file · 2026 edition · record confidence: medium
LMAX Global
We opened the file on LMAX Global the way we open every file: register first, marketing never. Trading since 2010, run out of London, UK, and carrying 2 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FCA | 509778 | UK | T1 | LMAX Limited | register.fca.org.uk |
| CySEC | 310/16 | Cyprus | T2 | LMAX Broker Europe Limited | lmax.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- LMAX Group was established in London in 2010.
- LMAX Limited is authorised and regulated by the FCA under firm reference number 509778.
- LMAX Global is a trading name of LMAX Broker Europe Limited (registration number HE 346613) in the EU, licensed by CySEC under number 310/16.
- LMAX Group also operates an FCA-regulated multilateral trading facility (MTF) for institutional FX.
- LMAX Global offers an exchange-style central limit order book with no last look execution.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- minDeposit — LMAX does not publish a single figure; third-party reports range from $1,000 to $10,000
- spreadEurusd — LMAX charges commission on raw order-book spreads, so no typical marked-up spread is published
- public listing status
| Founded | 2010 |
| Head office | London, UK |
| Minimum deposit | not verified |
| Leverage cap | 1:30 (UK/EU retail) |
| EUR/USD | not verified pips |
| Tier-1 entries | 1 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.