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Author Topic: LMAX  (Read 80900 times)

Offline crashev

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Re: LMAX
« Reply #45 on: September 15, 2012, 02:23:06 PM »
First thing I have noticed about them is that You will have higher comission with them opposite to the regular
one. So I would say no to them, even they give free vps.

Thanks for info.
Had a chat last night with lmax support but they didnt have any interest in giving a classic account under 10k$. So an IB is the only way to go with them under 10k.
Armada is another option and i have an account with them but they are not regulated.
So building up a savings account with maybe 3-5k is not possible.

I was quite happy with my pepper razor but i didnt like the new edge accounts.
After some bad postings here in the forum i realy wonder where to go with my hard earned money  ;)
Lmax seemed to be the best solution right now!?

It would be so nice to find a reliable not cheating fsa regulated broker.  :(

best regards
Mark

There are couple other nice options: ICM, AxiTrader, FxPig. Also depends on what You need, what strategy are You going to deploy, and how big are You going to trade + will it be asian session, or london+ny...

Offline PFabc

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Re: LMAX
« Reply #46 on: September 15, 2012, 03:18:38 PM »
here is a new lmax access provider(uk):

FXDME  ( FxDirectMarkets)

http://www.fxdme.com

Commission charge each round turn ($5 per US$100k (1 lot)/$0.50 per US$10k (0.1 lot)
Start trading from US$1000
ECN account with LMAX Exchange

"I have no experience with this broker!"

Online nc!

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Re: LMAX
« Reply #47 on: September 25, 2012, 05:53:04 PM »
FXDME the site was down msg "if you are the owner please contact...."

Reason, not  technical site was up but with msg, looks like finacial?? LMAX IB in trouble?FSA regulated but i would not put any funds there. How does this effect LMAX?

Nc!
No eas in real accounts

Following Signals

Offline JonasBlixx

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Re: LMAX
« Reply #48 on: September 26, 2012, 06:54:32 AM »
Hi,
I have account there(lmax) with fxdme.
The support said they moved hosting servers on monday for the site.
Nothing extraordinary.

Offline Young

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Re: LMAX
« Reply #49 on: September 26, 2012, 08:14:18 AM »
regarding fxdme, how is
Hi,
I have account there(lmax) with fxdme.

how are the spreads, execution time, slippage, etc.?
Thanks

Tradenow

  • Guest
Re: LMAX
« Reply #50 on: September 26, 2012, 08:24:45 AM »

Offline crashev

  • Sr. Member
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Re: LMAX
« Reply #51 on: September 26, 2012, 08:32:49 AM »
some more infos about lmax to consider

http://forexmagnates.com/lmax-takes-big-hit-13-2-million-loss/

http://www.cityam.com/latest-news/goldman-sells-its-entire-lmax-stake

best regards
Mark

That is quiet interesting, thanks for sharing !
It looks like too many users were succesfull at LMAX, so "poor" goldman was unable to profit from them ;]

However these news seems to be preety old.
LMAX is in different place today.
« Last Edit: September 26, 2012, 08:36:10 AM by crashev »

Offline JonasBlixx

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Re: LMAX
« Reply #52 on: September 26, 2012, 09:29:13 AM »
regarding fxdme, how is
Hi,
I have account there(lmax) with fxdme.

how are the spreads, execution time, slippage, etc.?
Thanks

I trade EURUSd mostly, spread is 0.2-0.4pips. Comms is $5 per $100k RT.
Favorable slippage in some cases but very little.
I have good success with scalper EA there. Money safe too.
It is a true exchange, no games.

Online nc!

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Re: LMAX
« Reply #53 on: September 26, 2012, 04:06:31 PM »
Thanks macjoe,

"I have good success with scalper EA there. Money safe too."

How do you know your funds are safe? FSA investor protection scheme, other reason?

I want to open an account there but the latest news that golman left them is it because they did not make any money or the saw other insolvency issues? Do you know? How did you conclude that money is safe there?

NC!

No eas in real accounts

Following Signals

Offline JonasBlixx

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Re: LMAX
« Reply #54 on: September 27, 2012, 03:42:31 PM »
Thanks macjoe,

"I have good success with scalper EA there. Money safe too."

How do you know your funds are safe? FSA investor protection scheme, other reason?

I want to open an account there but the latest news that golman left them is it because they did not make any money or the saw other insolvency issues? Do you know? How did you conclude that money is safe there?

NC!

Hi,
you are covered to 50k if the firm goes belly up. No questions asked.
FSCS was recently tested when worldspreads when bust , clients got all their money back within 6 weeks.
I think Betfair can handle 13M loss, 800M Market cap.
For sure, goldman didnt like the losses, but exchanges take time to build momentum and costly start up costs.

Online nc!

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Re: LMAX
« Reply #55 on: September 27, 2012, 10:02:39 PM »


Hi,
you are covered to 50k if the firm goes belly up. No questions asked.
FSCS was recently tested when worldspreads when bust , clients got all their money back within 6 weeks.
I think Betfair can handle 13M loss, 800M Market cap.
For sure, goldman didnt like the losses, but exchanges take time to build momentum and costly start up costs.

Thanks for the hints. I will open an account with them it looks good.
Certainly it is better than AUSSIE brokers were there is no cover.

NC!

No eas in real accounts

Following Signals

Tradenow

  • Guest
Re: LMAX
« Reply #56 on: September 30, 2012, 03:30:12 PM »
Hi,
you are covered to 50k if the firm goes belly up. No questions asked.
FSCS was recently tested when worldspreads when bust , clients got all their money back within 6 weeks.
I think Betfair can handle 13M loss, 800M Market cap.
For sure, goldman didnt like the losses, but exchanges take time to build momentum and costly start up costs.

Good to know that FSCS is working in a acceptable time.
Thanks for the info.
+rep  :-*

best regards
Mark

Offline JonasBlixx

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Re: LMAX
« Reply #57 on: October 01, 2012, 09:23:36 AM »
hi,
yea i followed it with interest as I had a CMC account, (another UK spread firm). FSCS had all compensation pushed by July/August.
http://worldspreadsheist.blogspot.co.uk/

Spread firms ok but execution slow,freeze prices, log you out, etc all this nonsense. Better with ecn exchange, even though you have tax liability on gain.

Offline sand2000

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Re: LMAX
« Reply #58 on: October 03, 2012, 12:34:56 AM »
Hi All:

May I know what is the minimum lot for trading with LMAX? I heard it is 0.1 lot. Is that true?

 :)

Offline JonasBlixx

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Re: LMAX
« Reply #59 on: October 04, 2012, 12:38:08 PM »
hi,
micro lot (1k) 0.01 in LMAX

so ok for Martingalers
$10k to open account or $1k in FXDME IB.

 

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