LMAX Review 2025

LMAX General Information

LMAX Group is a global financial technology company and the leading independent operator of multiple institutional execution venues for FX and crypto currency trading. With offices in 9 countries and a global client base, the Group builds and runs its own high performance, ultra-low latency exchange infrastructure, which includes matching engines in London, New York, Tokyo and Singapore.

LMAX Group has a solid presence in all the major FX markets around the world, including Europe, North America and Asia-Pacific. 

Our rapidly expanding global institutional and professional client base is a testament to our distinctive business model that delivers efficient market structure and transparent, precise, consistent execution to all market participants.

The LMAX Group portfolio includes LMAX Exchange, LMAX Global and LMAX Digital

• LMAX Exchange – the institutional exchange for global FX. LMAX Exchange operates global institutional FX exchanges and an FCA regulated MTF. A central limit order book (CLOB) execution model offers streaming firm limit order liquidity from top tier banks and non-bank institutions, transparent price discovery, no ‘last look’ rejections and full control over trading strategy and costs.
• LMAX Global – regulated broker for global FX. LMAX Global is a leading regulated broker for FX, metals and commodities worldwide. Servicing retail brokers and professional traders, LMAX Global offers access to deep institutional FX liquidity, tight spreads and transparent, precise execution with no ‘last look’ rejections.
• LMAX Digital – the institutional spot crypto currency exchange. LMAX Digital is a regulated institutional spot crypto currency exchange. Based on proven, proprietary technology from LMAX Group, LMAX Digital allows global institutions to acquire, trade and hold the most liquid digital assets – BTC, ETH, LTC, BCH, XRP and SOL – safely and securely.

The institutional exchange for global FX. Transparent, precise, consistent execution

LMAX Exchange, part of the LMAX Group, delivers efficient market structure and transparent, precise, consistent execution to all market participants, including funds, banks, proprietary trading firms, brokerages and asset managers. Operating multiple global institutional FX exchanges and an FCA regulated MTF, LMAX Exchange enables institutions to trade on a central limit order book with streaming firm limit order liquidity from top tier global banks and non-banks.

The trusted global FX liquidity source

LMAX Global offers brokers and professional traders around the world access to deep institutional FX liquidity, tight spreads and transparent, precise execution with no ‘last look’ rejections. We operate regulated FX brokers in the UK (FCA), Europe (CySec) and New Zealand (Registered Financial Service Provider). All LMAX Global clients have access to our liquidity pools in London, New York, Tokyo and Singapore, and are able to trade over 100 instruments: FX, metals, equity indices, commodities and crypto CFDs

LMAX Global – FX trading excellence

LMAX Global offers direct access to the LMAX Exchange central limit order book and peer-to-peer institutional liquidity, delivering transparent price discovery and competitive spreads to clients worldwide, including broker dealers, money managers, MT4/5 brokers and professional traders:

• Tighter spreads on streaming, firm limit order liquidity
• Transparent execution with no ‘last look’ rejections
• Strict price/time priority order matching
• Real-time reports & reconciliation via web or FIX Drop Copy
• Streaming, full order book firm market data
• Flexible clearing – via margin account or existing PB account
• Competitive commission and overnight financing rates
• Global exchange infrastructure based in Equinix LD4, NY4, TY3 and SG1