LMAX Group Account Types

LMAX Group offers a variety of trading account types tailored to the needs of different traders. The primary account types include:

• Professional Account:
• Minimum Deposit: $10,000
• Maximum Leverage: 1:30 for retail clients, up to 1:500 for professional clients.
• Spreads: Starting from 0.2 pips for EUR/USD.
• Commission: Varies based on trading volume, typically $2 to $4.5 per $100,000 traded.
• Available Instruments: Forex, metals, equity indices, commodities, and cryptocurrencies.
• Institutional Account:
• Designed for institutional clients, providing access to deep liquidity and advanced trading tools.
• Demo Account:
• Available for new traders to practice trading conditions without financial risk.

Unfortunately, LMAX does not offer swap-free Islamic accounts for traders of the Muslim faith.

LMAX Group Broker Account Opening Process

To open an account with LMAX Group, follow these steps:

• Visit the LMAX Website: Go to the official LMAX website.
• Choose Account Type: Select the appropriate account type based on your trading needs.
• Complete Registration:
• Fill out the online application form with personal information, including name, email, and country of residence.
• If you are a resident of the UK, Sweden, Germany, or Canada, your details will be checked by a third-party credit agency.
• Verification:
• Submit required documentation for identity verification. This may include proof of address and source of funds.
• Account Approval: After verification, you will receive an email confirming that your account is open and ready for trading.
• Fund Your Account: Deposit a minimum of $10,000 to start trading.

For more detailed information, you can visit the following sources:

• LMAX Exchange Account Types Reviewed
• LMAX Group - Forex Penguin
• FAQs - LMAX Group