LMAX – Is it scam or safe?
LMAX Limited is as a ‘multilateral trading facility’ (MTF) and is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. The FCA license allows it to conduct financial services, including forex.
Although LMAX claims to offer a ‘real exchange, which just matches the orders’, transparency and ‘no last look’ orders, there are some posts in forex forums that inform about applying too big swaps, excessive spreads widening during important news, shifting trading conditions (sometimes several times a day) and poor customer support.
So far, we haven’t received any complaints from clients of LMAX.com.
If you feel frustrated by LMAX.com and have something to share with us, please fill in the form below, describing your case: