LMAX Broker Review

LMAX Broker Review – Is LMAX.com a Legit Broker To Trade With?

The LMAX broker is a member of the LMAX Group. Ownership of several entities is shared among several individuals. No matter what entity you choose, tracking your funds is a challenge.

Before reading our honest LMAX review, we strongly recommend that you read our recently updated scam broker reviews for InstaForex and FMarketX. Also, your funds are at risk when you deal with them!

1. The regulatory status of the broker: Licensed
2. Regulations: FCA, FMA, CySEC
3. Websites of scammers: www.lmax.com
4. Operational Status: Alleged Forex Scam
5. It has been blocklisted as a scam by N/A.
6. Owner of the broker: Lmax Limited
7. Headquarters: United Kingdom
8. The foundation was founded in 2010
9. Platforms for online trading: WebTrader, LMAX Exchange
10. Mobile trading is available.
11. It is required to deposit at least $10,000
12. The Gibraltar entity only offers crypto assets (only).
13. The following trading assets are available: Forex (FX), Commodities, Indices, Shares, and Cryptocurrencies.
14. Leverage maximum: 1:50
15. Islam Account: Not available
16. Demo Account: Yes, free of charge
17. US traders are not accepted: US traders are not accepted.
18. Fraud Protection Experts’ Verdict: Beware of This Broker!

LMAX Regulation: Is the Broker Safe?

We are a member of the LMAX Group and offer the following services:

• Two companies are regulated by the UK Financial Conduct Authority: Lmax Limited and Lmax Communications Ltd.
• The second company is Lmax Broker Limited, which CySEC regulates
• The Financial Markets Authority regulates Lmax New Zealand Limited

A second entity, LMAX Digital Broker Limited, registered in Gibraltar, is allegedly regulated by the Financial Services Commission.

Questions About License Legitimacy – Reputation Problems

Currently, the main question is whether the company is regulated everywhere it operates. There was company regulation with FSC too, but here is the problem.

As part of its operation of a secondary market for trading virtual assets and custody services, the company is authorized to use distributed ledger technology to store or transmit value belonging to others.”

The company is not authorized to provide financial or brokerage services. As a result, they have a license, but it isn’t valid.

Trading scams involving LMAX should be avoided. Furthermore, avoid FXLift, ActivTrades, and DecFin broker scams at all costs!

LMAX Login Problems: What Should You Do?

We assume you have been experiencing log-in issues with LMAX forex brokerage for the past few days. Upon logging in, you discover that all of your money has been lost. The broker will claim that you did not close your trades in time, that your stop loss and take profit did not work. They will blame your internet connection, mobile or desktop device for all that. You will never hear them admit that they blocked your access on purpose. 

Report anything similar immediately if you experience it. You can reach our support team via online chat 24/7. We can save you money if you tell us what happened.

Scammed By LMAX Broker? – Talk To Our Experts Today!

LMAX or a similar illicit operation may have scammed you. If so, please let us know. We are here to help you with this matter and file a dispute on your behalf. 

Different governments have different rules and demands, no matter how good you are at paperwork. Let the professionals handle your case. Call or chat with us for a free consultation, and let’s work together to get your money back!