LMAX = revolution?!? | Page 43 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

LMAX and Fastbrokers 20 replies

Anyone with Darwinex or LMAX? I had a little issue with AUDJPY 27 replies

LMAX? Anyone Trade With Them Here? 12 replies

Dukascopy vs LMAX - Has anyone tried either or both? 7 replies

Information about LMAX? 2 replies

Attachments: LMAX = revolution?!?
Exit Attachments

LMAX = revolution?!?

  • #841
  • May 22, 2012 7:17am May 22, 2012 7:17am
I have seen "untrusted markets" in the DAX CFD a few times, mostly around news. The whole book goes blank and you cant trade for a few seconds. I think its quite a bad idea to do that, but atleast you know when its likely to happen (news). I have never seen that happen in FX tho, and i stare at the quote screen pretty much all day.

Slippage appears to be rather minimal, but i have not collected stats on this. But its reasonable to assume it can happen with stop and mkt orders on high impact news, like everywhere else.
  • #842
  • May 22, 2012 8:15am May 22, 2012 8:15am
Quoting shrike
I have seen "untrusted markets" in the DAX CFD a few times, mostly around news. The whole book goes blank and you cant trade for a few seconds. I think its quite a bad idea to do that, but atleast you know when its likely to happen (news). I have never seen that happen in FX tho, and i stare at the quote screen pretty much all day.

Slippage appears to be rather minimal, but i have not collected stats on this. But its reasonable to assume it can happen with stop and mkt orders on high impact news, like everywhere else.
How about the spread during news announcement? Will it goes as high as Oanda's spread, like 10-20pips?

Slippage is completely understandable during high market volatility. However if there is no 'last look' from LP, then the slippage should be minimal compare to others ECN/STP because you either get filled at current tick or the next tick, but not a couple of ticks away.

In fact it is the 'last look' that draw my eyeball on LMAX, a feature that you cant find with other spot FX brokers.
  • #843
  • May 22, 2012 11:40am May 22, 2012 11:40am
No last look from market makers on LMAX, and you are correct, slippage is minimal. Depends how quick you are, if you hit a price, you are done...
  • #844
  • May 22, 2012 11:46am May 22, 2012 11:46am
Quoting ForexQuant
How about the spread during news announcement? Will it goes as high as Oanda's spread, like 10-20pips?
Spreads do go wide on news, as expected, but most of the times this is between 5-6 pips the most.
  • #845
  • May 22, 2012 1:02pm May 22, 2012 1:02pm
Rooicol, you impress me, you really are on the ball

Quoting rooicol
I coded it myself. It works for all types of trades.
Tracking the Specialists.
  • #846
  • May 22, 2012 1:11pm May 22, 2012 1:11pm
I find similar traiding condissions in Armada Markets, put smaller minimum deposit to open account
  • #847
  • May 23, 2012 1:07am May 23, 2012 1:07am
any you guys take regular withdrawals from lmax just done the paper work and ready to fund.
student
  • #848
  • May 23, 2012 1:16am May 23, 2012 1:16am
Quoting johnpajarito
I find similar traiding condissions in Armada Markets, put smaller minimum deposit to open account
Did anyone just get a random email offering an LMAX account for $1000 deposit rather than $10,000 and free access to multi charts?

I haven't used LMAX yet and was weighing up between Oz brokers and UK brokers but my mind may have been made up if this offer is genuine.

Has anyone compared LMAX to Pepperstone?
  • #849
  • May 23, 2012 3:06am May 23, 2012 3:06am
Quoting garrye
any you guys take regular withdrawals from lmax just done the paper work and ready to fund.
Wouldn't worry about that, LMAX are not a bucketshop.. Unlike many other brokers I read about on here..
  • #850
  • May 23, 2012 8:06am May 23, 2012 8:06am
The spread of CADJPY on Armada demo account widen to 16pips after the CAD retail sales announcement and last for 16minutes. Can anyone confirm whether this is happened on live account too?
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.PNG Size: 23 KB
  • #851
  • May 23, 2012 8:22am May 23, 2012 8:22am
On this screenshot it looks like it lasts for almost 3 hours?

I dont want that particular cross, but you can always confirm live quotes on the lmax website.
  • #852
  • May 23, 2012 8:38am May 23, 2012 8:38am
Quoting shrike
On this screenshot it looks like it lasts for almost 3 hours?

I dont want that particular cross, but you can always confirm live quotes on the lmax website.
The timestamp of the tick chart does not same with the timestamp of M1 bar. The screenshot actually showed the last 500 ticks only.
  • #853
  • Edited 2:24pm May 23, 2012 1:41pm | Edited 2:24pm
Can anyone point me to any information online about the current state of LMAX Limited? How much capital do they have and what is the current strength of the company? I read that they have 150 million pounds of equity but I also read that they made a loss of 13.5 million pounds last year. Will they stand the test of time, will they still be around long-term or are they on a downward spiral to bankruptcy? Their FX offering seems to be the best on the planet for retail traders but if the company is not in good standing then we will be risking the loss of our fx account deposits with them.

Also if we join LMAX through Armada or FastBrokers, who will hold our FX account deposits, LMAX or the Introducing Brokers?
  • #854
  • May 23, 2012 1:42pm May 23, 2012 1:42pm
http://www.fxmtf.com/en/about/
what do you think ?

mt4 from armada or web lmax from this guy ?

maybe both
  • #855
  • May 23, 2012 2:52pm May 23, 2012 2:52pm
Quoting global3
Can anyone point me to any information online about the current state of LMAX Limited? How much capital do they have and what is the current strength of the company? I read that they have 150 million pounds of equity but I also read that they made a loss of 13.5 million pounds last year. Will they stand the test of time, will they still be around long-term or are they on a downward spiral to bankruptcy? Their FX offering seems to be the best on the planet for retail traders but if the company is not in good standing then we will be risking the loss...

You are insured up to 50.000 pound ......worry more about not losing money with trading....
  • #856
  • May 23, 2012 2:57pm May 23, 2012 2:57pm
Quoting przem81621
http://www.fxmtf.com/en/about/
what do you think ?

mt4 from armada or web lmax from this guy ?

maybe both

Hmmm, a new IB !
  • #857
  • May 24, 2012 2:52am May 24, 2012 2:52am
Quoting Marv
Lame commissions. Armada is better. Better regulation than Armada though.

Lame ? Same as Lmax but yes,Armada is 20 % cheaper...
  • #858
  • May 24, 2012 7:44am May 24, 2012 7:44am
Quoting Cocoflanel
Lame ? Same as Lmax
Yeah that's my point. Nothing new/impressive.

But more IB's = more competition = good. So hopefully we'll be seeing more of them (we probably will).

I realize I wasn't a huge fan of LMAX initially, but with the liquidity and spreads getting this good and with decent IB's starting to appear (so we're not stuck with the original bröker's conditions), I have changed my mind.

This exchange is a huge addition to the retail FX bröker market. You've been right about that.
  • #859
  • May 24, 2012 9:45am May 24, 2012 9:45am
Two things. There's kind of discrepancy there. On their home page they say: 0.25$ comm. On the account type page they say 7.80$ per round turn.
Secondly, y-day I've received the following ad:
"Be one of the first to experience trading on MetaTrader4 with the only true Forex Exchange available to retail clients - The LMAX Exchange. MetaTrader4, along with the standard LMAX web trader, is only available to LMAX Live account holders.

If you open an LMAX account directly from the Application Form links in this email then you can also benefit from the following Exclusive Offers. These offers are only available via this email!"

and the offer is 1,000$ opening deposit.
So why do we need an IB?
  • #860
  • May 24, 2012 11:26am May 24, 2012 11:26am
Trading via mt4 is more expensive that via lmax's web interface.

They also charge extra for trading via api.

This is what I hate about lmax: thier inconsitent (stupid) policy. It does not make sense to me to tax different trading venues differently. They seem to not to want clients, but, otoh, they desperately need clients..
1 trader viewing now