LMAX Exchange

Updated on September 30, 2019

Orders are forwarded to the LMAX EXCHANGE market of London, a Forex market with a real open order book and full market depth.

LMAX Exchange is based in London, and it is a regulated MTF (Multilateral Trading Facility) for FX. The LMAX Exchange OPEN order book is driven by streaming, no last look limit orders supplied by top-tier banks as liquidity providers, all competing against each other.

This will result in no last look, no orders' rejection and no re-quotes.
Operations are thus solid and transparent, with the lowest spreads available on the Forex market.

Through LMAX Exchange on EUR/USD the round turn typically has a one pip cost, often less, including Directa's commissions.

FOREX Currency Pairs

Currency Pairs:

  • EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, EUR/HUF, EUR/TRY, EUR/RUB, EUR/ZAR, EUR/CZK, EUR/NDZ, EUR/PLN, EUR/SGD, EUR/MXN, EUR/SEK, EUR/NOK
  • AUD/CAD, AUD/CHF, AUD/JPY, AUD/USD, AUD/NZD*
  • CAD/CHF, CAD/JPY
  • CHF/JPY
  • GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, GBP/HUF, GBP/TRY, GBP/ZAR, GBP/CZK, GBP/PLN, GBP/SGD, GBP/MXN, GBP/SEK, GBP/NOK
  • USD/CAD, USD/CHF, USD/JPY, USD/HUF, USD/TRY, USD/RUB, USD/ZAR, USD/CZK, USD/PLN, USD/SGD, USD/MXN, USD/SEK, USD/NOK
  • NZD/USD*
  • NOK/SEK

In addition to the regular orders with daily validity (until 23:00, time of day change) multiday orders , valid until revoked, can be placed as well.

Stop loss orders are valid until revoked.

  • The two pairs of currencies in which there is the New Zealand dollar (AUD / NZD and NZD / USD), makes the day change from Monday to Thursday between 19.00 and 21.00, depending on the time now in force (summer or winter), with a cancellation of all orders placed or already in negotiation, except conditional and multiday orders.

The currency symbols stand for:

AUD = Australian Dollar
CAD = Canadian Dollar
CHF = Swiss Franc
GBP = British Pound
JPY = Japanese Yen
SGD = Singapore Dollar
USD = US Dollar
NZD = New Zealand Dollar
HUF = Hungarian Fiorint
TRY = Turkish Lira
RUB = Russian Rublo
ZAR = South African Rand
CZK = Czech Koruna
PLN = Polish Zloty
MXN = Mexican peso
SEK = Swedish Krona
NOK = Norwegian krone

Commissions


Currency Pairs
0.003% of trade value
(e.g.: $ 3 for every 100,000 $)
Minimum € 1.5

One contract represents 1000 currency units.

All commissions will be converted in Euro.

Examples:

# of contracts
Notional
Commission to pay
1
1,000
1.5 € (=minimum)
2
2,000
1.5 € (=minimum)
...
10
10,000
1.5 € (=minimum)
...
60
60,000
1.8 currency units
100
100,000
3 currency units

MARGIN REQUIREMENTS

You will find a comparison of the different major Forex brokers' spreads, in realtime on this page
http://www.myfxbook.com/forex-broker-spreads.