LMAX Global Ltd Account Types

LMAX Global Ltd offers various account types tailored to meet the needs of different traders. The primary account types include:

• LMAX Global Account:
• Minimum Deposit: $10,000
• Leverage: Up to 1:30 for retail accounts and up to 1:500 for professional accounts.
• Spreads: Variable spreads, with competitive commission structures based on trading activity.
• Instruments Available: Over 100 instruments including Forex, CFDs, commodities, metals, and cryptocurrencies.
• Trading Platforms: Access to MetaTrader 4, MetaTrader 5, and proprietary web-based platforms.
• Corporate Account:
• Designed for corporations looking to trade various financial instruments.
• Similar minimum deposit requirements and trading conditions as the LMAX Global Account.
• Demo Account:
• Available for traders to practice and test strategies using virtual funds.
• Islamic Account:
• Not offered by LMAX Global Ltd.

LMAX Global Ltd Broker Account Opening Process

To open an account with LMAX Global Ltd, follow these steps:

• Choose Your Account Type: Decide whether you want an individual or corporate account based on your trading needs.

• Complete the Application:

• You can apply for an account online through the LMAX Global website. The application process will guide you based on your residency and eligibility.
• For individual accounts, you will need to provide personal details and may need to submit additional supporting documentation.
• Identity Verification:
• LMAX Global will verify your identity and residency. If you are a resident of the UK, Sweden, Germany, or Canada, a third-party credit agency may check your details (this is not a credit check).
• If electronic verification is not possible, you will be asked to provide further documentation.
• Account Activation:
• Once your account is verified and opened, you will receive a notification via email.
• You may be required to provide evidence of funds to support your trading activity.
• Funding Your Account:
• You can fund your account via bank transfer, credit/debit card, or other accepted methods depending on your account type.

For more detailed information, visit the LMAX Global website: LMAX Global Account Application.