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Attachments: LMAX Exchange discount.
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LMAX Exchange discount.

  • Post #1
  • Quote
  • First Post: Edited Apr 7, 2013 9:56am Apr 6, 2013 9:19pm | Edited Apr 7, 2013 9:56am
The HFT Group has finalised an agreement with LMAX Exchange for a 12% discount on all commission charges for all the account types offered by LMAX.

Additionally, accounts can be opened with a minimum $1000 USD deposit instead of the normal $10,000 USD minimum.

This offer is available to all forum members and traders wishing to take advantage of a discounted commission rate with the excellent trading environment offered by LMAX Exchange.


Discounted commission rates are 22 per million notional for the LMAX web based trading platform and a fixed commission rate of $5.72 per lot r/t for the mt4 based account.

Existing LMAX accounts are eligible and can be transferred to the HFT Group IB to receive the 12% discount. Please email [email protected] for details.

LMAX do not accept US residents and the HFT Group is unable to take applications from Australian residents.

Full details available on the HFT Group website.
Nice deal
Quoting Forexeurusd
Nice deal
Thanks, took awhile to setup but I think it's the best deal for LMAX.
Quoting jonpearce
Thanks, took awhile to setup but I think it's the best deal for LMAX.
Sounds great. If I already have an account with LMAX can I still setup a fresh one with this deal?
Quoting C-12
Sounds great. If I already have an account with LMAX can I still setup a fresh one with this deal?
Existing accounts are eligible and can be transferred over to the HFT Group IB.

Alternately you can open another account via the IB link on our website.

For existing LMAX account transfers please email [email protected] for details.
Quoting jonpearce
LMAX do not accept US residents and the HFT Group is unable to take applications from Australian residents.
Just found out LMAX do not accept clients/residents from Singapore.
No longer trading forex. Looking for full time job.
Quoting mmaker
Just found out LMAX do not accept clients/residents from Singapore.
Yes, finding all this out as we are going along unfortunately.
It seems that residents of Australia, Singapore, Canada and of course the US are unable to open accounts with LMAX.
Just hope the list doesn't get any longer.
My understanding is that is involves the fact that LMAX Exchange are a wholesale provider and unable to take 'retail' clients from some countries due to licensing implications/restrictions.
Just thought I'd add my experience here. As a satisfied LMAX client, I saw this thread and thought well 12% off commissions is worth a go. I asked LMAX if I could transfer my account to this IB, and they said no, but I could open a new account through the HFT link without problem, and they would make a note of it that I would be applying. I did this, and today deposited a small amount to trade and check the commissions, and everything works as expected ie my commissions are 12% less at source.

Well done and thanks, Jon!
There is no top. There are always further heights to reach. Jascha Heifetz
is the $20 per million is one side; or round lot?

for example; I have an account with Armada; and the total commission (round trip); is $40 per million.
Its 20$ per side per million USD traded. So eur/usd is $20 * 1.3080 = $26,16 per side, $52,32 per round-turn ( or 0.52 pips).
in that case; why don't you go with Armada; they charge $20 per side outright.
Quoting mattg
in that case; why don't you go with Armada; they charge $20 per side outright.
Yes thats cheaper. But i dont want to be an unsecured creditor of an estonian llc whose owners have a dodgy regulatory history. If you stay in the UK, at least you get GBP 50K back, if the worst comes to the worst.
Quoting shrike
{quote} Yes thats cheaper. But i dont want to be an unsecured creditor of an estonian llc whose owners have a dodgy regulatory history. If you stay in the UK, at least you get GBP 50K back, if the worst comes to the worst.
My take on this is if you've got a small (under 10k) account and want to take advantage of the higher leverage then go with Armada.

If your account is over 10k and are generally taking low risk entries then may as well go with LMAX.

No harm in having both for different requirements. I've now got 2 live accounts with both of em.
Quoting C-12
{quote} My take on this is if you've got a small (under 10k) account and want to take advantage of the higher leverage then go with Armada. If your account is over 10k and are generally taking low risk entries then may as well go with LMAX. No harm in having both for different requirements. I've now got 2 live accounts with both of em.
Yes, fair enough, but if you go through an IB like this one, or Fxmtf, you can open an lmax account for 1k, AND have the security that your money is held in the UK with LMAX. Not wanting to dish Armada, I have no experience with them, but your money's more secure in the UK.

The only advantage I see, is the higher leverage 500:1 as opposed to 100:1, but you shouldn't need more than 100:1 anyway if you're using decent MM.
There is no top. There are always further heights to reach. Jascha Heifetz
HFT Group is happy to announce that the discounted commission rate offered for all LMAX Exchange account types has been increased to 16%.

http://hftgroupfx.com
hi dear
  • Post #17
  • Quote
  • Edited 12:47am Jan 19, 2015 12:35am | Edited 12:47am
Quote
A discount of 16% is offered on all LMAX Exchange accounts.
HFT Group clients will pay a discounted commission rate of
21per million on the web based account and $5.46 per lot r/t
on the MT4 account

Hello . Will trading through API or Multichart not get discounts ?

Regards,
The best IB so far i've tried..good communication support
FXerha
Simple & effective All Time Profit: -9,318
Hello Traders!

We are excited to announce the long-awaited and great news that is sure to please many traders worldwide.Today PTMC trading platform starts offering access to no last look liquidity and unparalleled execution capabilities from LMAX Exchange. This enables traders to benefit from transparent price discovery and precise execution with no rejections or re-quotes. Traders will be able to access both Level I and Level II liquidity in over 70 products, including spot FX, precious metals, commodities and equity indices.
Attached Image (click to enlarge)
Click to Enlarge Name: PTMC-LMAX.png Size: 118 KB

Access to LMAX Exchange through PTMC makes it possible to use advanced panels of platform, including Market Depth, Matrix, etc. Also, traders will appreciate the ability to close positions for the same trading instrument separately and do not close positions by FIFO or LIFO rules. This means each new position is not summarized with already existing positions opened in the same direction.
Keep testing and using PTMC as well as writing your feedback about applications functionality on our forum. For information about available liquidity sources, please see Brokers page.
Your experience starts with Protrader Multi-Connect
  • Post #20
  • Quote
  • Last Post: Jun 26, 2019 3:35am Jun 26, 2019 3:35am
Hi there,
Currently have an LMAX acct and their rt costs are eye wateringly high so would be v happy to get on board.
One thing I don't understand is the structure regarding where my money is held and who is legally responsible.
Am I co-mingling my money with HFT Group accounts which is then used by LMAX? What is the difference between me having an account with LMAX and having an account with HFT Group and LMAX?
Thanks in advance for any responses.
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