LMAX Digital — institutional liquidity provider
The record indicates potential information gaps regarding operational transparency and client data.
LMAX Digital Broker Limited · Gibraltar
- evidence score
- 55/100
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| GFSC | FSC1342B | Gibraltar | T2 | open source |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
2
- R01
Unpublished client refusal data
LMAX Digital has not published any information regarding client refusals.
Source: firm disclosures page
- R02
No published data centres
No named data centres are published on LMAX Digital's homepage.
Source: firm disclosures page
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- LMAX Digital is a trading name of LMAX Digital Broker Limited, authorised and regulated by the Gibraltar Financial Services Commission, licence FSC1342B (Gibraltar company 117528) — stated on lmaxdigital.com
- Regulated by the GFSC as a DLT provider for execution and custody services
- Custody uses a tiered offline wallet system based on cold wallets and vault storage
Claims we cannot verify from outside
- 'The institutional spot cryptocurrency exchange' positioning and volume/liquidity claims are the firm's own marketing
Perimeter and coverage
- Asset classes
- Spot cryptocurrencies
- Venues
- Connectivity
- Clients accepted
- Institutional cryptocurrency market participants
- Explicitly refused
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.