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LMAX exchange

  • #21
  • Mar 28, 2013 11:25am Mar 28, 2013 11:25am
I am using them since almost a year now. Very reliable. I am using the web platform, so i can not speak to the quality of their MT4 solution.

I would stay away from their index and commodity products, it looks like they only have a single liquidity provider for those. But fx is excellent.
  • #22
  • Mar 28, 2013 11:37am Mar 28, 2013 11:37am
am one of the happy campers.

can anyone share experience on trading LMAX vs Currenex or Hotspot?
  • #23
  • Apr 15, 2013 8:36pm Apr 15, 2013 8:36pm
Quoting Red Herring
That is why broker do not want traders to make profit, right? So better for you to be conscient that your broker will never be your friend!They always trade against you....expecting you to loose without having send your order to the spot market....but if never you win....then he will have to pay you...and pay the market too...so each time you win 10 pips....the broker is loosing 20 pips...it is why they really not want to see you winning trades on a daily basis!!!!!The only reason for a broker to live is to see you losing your money for his own...
I am always willing to learn new info but it is a fact that that some brokers use MT4 software plug ins to, widen the spread, paint a particular candle. When you open an account you are immediately placed in the losers file. When you start to become successful you are placed in the winners folder and watched /monotored.When you become a problem they will carry out practices to made it hard for you. EG you may be 2/3 pips into a large profitable trade and they will deliberately widen the spread to trigger your stop. Thats why you have account managers, who are issued with handbooks and taught how to use the plug ins.

I am only saying.... this is what I was told by a freind of mine who left a UK brokerage as he could not deal with the dishonesty. Apparently you have to shop around for an honest broker and dont assume they all are.
  • #24
  • Apr 16, 2013 7:18pm Apr 16, 2013 7:18pm
I am thinking about opening a Lmax account, but now lcgfx (london capital group fx) attracted my attention.
Defenitely for the future, when my account will grow, i think lcg would be better?
In a few months i would like to start managing accounts, any one can share any experience about this for these brokers?
And wich one would you recommend? Going to start with minimum 25k usd, when starting with Pamm this would go over 100k.
Hard decision because they both look great, Lmax seems to be a little cheaper.
  • #25
  • Apr 17, 2013 5:08am Apr 17, 2013 5:08am
Just out of curiosity, why do you think LCG would be better?
  • #26
  • Apr 17, 2013 5:22am Apr 17, 2013 5:22am
Quoting RubenDK
I am thinking about opening a Lmax account, but now lcgfx (london capital group fx) attracted my attention. Defenitely for the future, when my account will grow, i think lcg would be better? In a few months i would like to start managing accounts, any one can share any experience about this for these brokers? And wich one would you recommend? Going to start with minimum 25k usd, when starting with Pamm this would go over 100k. Hard decision because they both look great, Lmax seems to be a little cheaper.
I trade also with LCG and of these two I prefer LMAX. After difficult start with LCG I have been satisfied with them also but for pricing and spreads LMAX is much better. I don't manage any customer funds so I can't comment Pamm.
  • #27
  • Apr 17, 2013 5:23am Apr 17, 2013 5:23am
Quoting shrike
Just out of curiosity, why do you think LCG would be better?
LCG,
minimum depoist is 20,000usd.
leverrage is 50.
  • #28
  • Apr 17, 2013 5:34am Apr 17, 2013 5:34am
Quoting kalastaja
I trade also with LCG and of these two I prefer LMAX. After difficult start with LCG I have been satisfied with them also but for pricing and spreads LMAX is much better. I don't manage any customer funds so I can't comment Pamm.
Kalastja: Are you using mt4 or their pro platforms (currenex, hotspot etc) ?
  • #29
  • Apr 17, 2013 6:24am Apr 17, 2013 6:24am
Quoting shrike
Just out of curiosity, why do you think LCG would be better?
Good question
I think i had a safer feeling there, but afther a day of research i am heading to Lmax again.
They are cheaper, and seems to get bigger and better.
I am now trading using mt4, i know both offer mt4, but i am looking for something else.
Lmax doesnt have a platform i like, lgc has Currenex, wich looks nice.
Lgc told me their mt4 platform orders will routed through their Currrenex platform
  • #30
  • Apr 17, 2013 6:47am Apr 17, 2013 6:47am
Quoting shrike
Kalastja: Are you using mt4 or their pro platforms (currenex, hotspot etc) ?
LMAX I use web platform, LCG mt4. My main account is with LMAX for reasons I mentioned before.
  • #31
  • Apr 17, 2013 8:59am Apr 17, 2013 8:59am
Quoting kalastaja
LMAX I use web platform, LCG mt4. My main account is with LMAX for reasons I mentioned before.
I am now using the Lmax MT4 demo.
So far so good, fast execution and i like the spread!
  • #32
  • Apr 17, 2013 9:16am Apr 17, 2013 9:16am
Quoting RubenDK
I am now using the Lmax MT4 demo. So far so good, fast execution and i like the spread!
Good. Spreads are awesome, often in most liquid pairs could be zero spread
  • #33
  • Apr 17, 2013 7:34pm Apr 17, 2013 7:34pm
Quoting kalastaja
Good. Spreads are awesome, often in most liquid pairs could be zero spread
And another day of research brought me at Fx Open AU.
Their spread also is pretty nice, commissions are low.
Also i heard it is a little easier to manage accounts over there, for Lmax and LCG i need a license or regulation from my country, which would be FSMA (Belgium)
And getting such a license seems to be pretty hard.
Fx Open AU keeps clients money on segregated accounts at Commonwealth Bank, which is rated aa2 i think.
Regulated by ASIC, so seems safe to, right? Anyone any experience with them?
  • #34
  • Apr 17, 2013 9:01pm Apr 17, 2013 9:01pm
Quoting RubenDK
And another day of research brought me at Fx Open AU. Their spread also is pretty nice, commissions are low. Also i heard it is a little easier to manage accounts over there, for Lmax and LCG i need a license or regulation from my country, which would be FSMA (Belgium) And getting such a license seems to be pretty hard. Fx Open AU keeps clients money on segregated accounts at Commonwealth Bank, which is rated aa2 i think. Regulated by ASIC, so seems safe to, right? Anyone any experience with them?
Just had a nice chat with Hantec Markets support, spreads are little higher, but i am willing to pay a little more for good service.
They seems to be nice, cant find much info about them.
If the license wouldn't be a problem, i would go for Lmax.
If it is a problem, i think Fxopen AU would be the best choice?
They said i do not need any license as long as i do not accept investors located in Australia.
  • #35
  • Apr 18, 2013 4:25am Apr 18, 2013 4:25am
Couple of weeks ago I set up a LMAX account via Fastbrokers.com, using their PathFinder Trader software. They only needed $2,500 margin and their software offers market depth and a scalper ladder.

I've found the software quite a steep learning curve (should have tried a demo version first), but the more I use it the more I like it.

I've also found the common forex pairs very good to trade - great spreads and good liquidity.
The commodities are a bit different. You can see on the market depth for oil that there are just some fixed 100lot offers that track the price, so there is liquidity there too.

All in all, I'm pretty happy with the setup. I feel much happier trading thru LMAX than thru my other brokers.
Holy Grail part 1. - Cut loses short.
  • #36
  • Apr 18, 2013 4:39am Apr 18, 2013 4:39am
Quoting mystic
Couple of weeks ago I set up a LMAX account via Fastbrokers.com, using their PathFinder Trader software. They only needed $2,500 margin and their software offers market depth and a scalper ladder. I've found the software quite a steep learning curve (should have tried a demo version first), but the more I use it the more I like it. I've also found the common forex pairs very good to trade - great spreads and good liquidity. The commodities are a bit different. You can see on the market depth for oil that there are just some fixed 100lot offers that...
Thank you for your post. Fastbrokers definitely look interesting. And their Pathfinder Trader software.

So, them being an IB for LMAX Exchange, can you explain in a little more detail how the account setup went. What documents they needed, where did the initial deposit go and how you deposited it? When going thru Fastbrokers, do you have any contact with LMAX Exchange? Etc...

What I don't find very appealing with Fastbrokers is that last blog entry on their site is from the last summer. And their forum seems abandoned, too.
  • #37
  • Apr 18, 2013 6:05am Apr 18, 2013 6:05am
Quoting jeuro
. If anyone wants to trade with the Lmax liquidity via mt4, Armada Markets is the best choice. Armada is not an IB fort LMAX, but they STP to their liquidty and Citi liquidity.. J.
Lmax it self offers mt4, not on their website, but u can ask for a account by email
  • #38
  • Apr 18, 2013 7:54am Apr 18, 2013 7:54am
Yes, Lmax does offer mt4 to individual clients but there is a difference.
I am not a tech person but in layman term is like this...

Mt4 needs a bridge to connect to liquidity. There is several companies
that provide these bridges to institutional level, Such as RousTech, OneZero, PrimeXM,
dealHub, etc. Every Brokers that offer mt4 needs this type of bridge.

Lmax platform does connect straight to liquidity, but if you ask for mt4 account, you may be
using a "bridge" to their platform, not to their liquidity. So, this may not be the "best" to trade
their own liquidity. It is the same case when trading mt4 in Oanda or mt4 in Dukascopy. These
bridges mt4-to-platform seem to be unstable and slow compare to long time tested mt4-to-Liquidity

J.
  • #39
  • Apr 18, 2013 1:20pm Apr 18, 2013 1:20pm
if that was not data feed error, bad tick or something ---> and it don't look for that so that must be an GAP
Gaps are normal on any market on FX also
GAPS mean no trading on prices between them ----> and don't think that when on data feed on M1 chart from MarketMaker you have nice long candle there You will be filled inside I can assure You You wont.
  • #40
  • Apr 18, 2013 11:01pm Apr 18, 2013 11:01pm
LMAX is Exchange.
retail clients play in lmax exchange.
their mt4 is option.
MT4`s bridge is PrimeXM.

Quoting jeuro
Yes, Lmax does offer mt4 to individual clients but there is a difference. I am not a tech person but in layman term is like this... Mt4 needs a bridge to connect to liquidity. There is several companies that provide these bridges to institutional level, Such as RousTech, OneZero, PrimeXM, dealHub, etc. Every Brokers that offer mt4 needs this type of bridge. Lmax platform does connect straight to liquidity, but if you ask for mt4 account, you may be using a "bridge" to their platform, not to their liquidity. So, this may not be the "best" to...
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