LMAX Global — institutional liquidity provider
The record reflects unverified information, warranting cautious consideration in consumer protection assessments.
LMAX Broker Limited · London, UK
- evidence score
- 81/100
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA | 783200 | UK | T1 | 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
Unverified founding year
The firm's launch year is not stated on their website and remains unverified.
Source: press archive
- R02
Self-measured claims
'Tighter spreads' and 'deep institutional liquidity in over 100 instruments' are the firm's own marketing characterisations.
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 Global is a trading name of LMAX Broker Limited, authorised and regulated by the FCA as an Investment Firm, FRN 783200 (UK company 10819525) — stated on lmax.com/global/uk
- Global exchange infrastructure based in Equinix LD4, NY4, TY3 and SG1, with downloadable per-venue instrument lists for London (LD4), New York (NY4), Tokyo (TY3) and Singapore (SG1)
- Prices for all LMAX liquidity pools with up to 20 levels of market depth; no 'last look'; VWAP prices for specified order size
- Site states services are not directed at residents of jurisdictions where FX and/or CFD trading is restricted or prohibited
Claims we cannot verify from outside
- 'Tighter spreads' and 'deep institutional liquidity in over 100 instruments' are the firm's own marketing characterisations (instrument count is their published figure)
Perimeter and coverage
- Asset classes
- FX spot, Metals, Equity indices, Commodities, Cryptocurrencies, Weekend FX
- Venues
- Equinix LD4 (London), Equinix NY4 (New York), Equinix TY3 (Tokyo), Equinix SG1 (Singapore)
- Connectivity
- Cross-connect at Equinix LD4/5, NY4, TY3 and SG1, Point of presence at Interxion, AWS Direct Connect, BeeksFX, BT Radianz, Colt, Internet / extranet & hosted service providers
- Clients accepted
- Institutional clients seeking FX/CFD liquidity (brokers, funds)
- 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.