View full risk warning. Past performance is not indicative of future results. Trading via this terminal is fully confidential and absolutely safe. I have to agree that their MT4 solution is horrible.
TOP FOREX BROKERS
I got the distinct feeling that this firm is basically for traders who have been in engaged in Forex trading for some time and not for novice traders who are just starting out in the field. This broker is for individuals and groups with a strong financial background. LMAX is divided into three different types of trading. Clients can now leverage LMAX Exchange institutional liquidity relationships to access competitive pricing and fast, efficient settlement for its Deliverable FX account.
LMAX InterBank delivers all the benefits of exchange quality execution, complete pre and post-trade transparency and a level playing field for all participants - regardless of status, size or activity levels. With the LMAX InterBank include traders can benefit from true transparency with real time publication of order book updates and anonymous trade data and exchange quality, ultra-fast, execution averaging 0. Every member of this group benefits from superior credit solution with a single credit line and no fixed costs such as account charges or other fees.
What makes this account even nicer is the fact that all bank members are created equal regardless of status, size or activity levels. It was nice to see that a demo account is offered as there are most probably plenty of traders who could use the opportunity to practice trading without risking any of their funds.
Members can contact a representative by email or at the London office. Chat was also available. This means higher quality of execution for the end client. MT4 is a standalone third party trading platform which operates independently of your LMAX Global web trading account. The MetaTrader 4 terminal is a perfectly equipped traders workplace that allows to trade in the financial markets Forex.
It provides the necessary tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs Expert Advisors. It represents the all-in-one concept and is the most popular trading terminal in the world. The MetaTrader 4 terminal offers a number of impressive analytical tools. There are nine timeframes available for each financial instrument that provide detailed analysis of quote dynamics.
More than 50 built-in indicators and tools help simplify the analysis, enabling to determine trends, define various shapes, determine entry and exit points, etc.
Besides, one object can be applied over another one, which comes in very useful in various trading systems. Are you having a hard time managing several trading accounts? MetaTrader 4 MultiTerminal is the ideal solution for you.
Request MetaTrader 4 MultiTerminal from us and run multiple accounts with ease. Get all the tools you need for managing all your accounts in one place and at the same time! MetaTrader 4 provides the built-in social trading service — Trading Signals. Using this service, you can copy deals of other traders directly in your terminal. All you need to do is to choose a Signals Provider and subscribe to his or her signals.
I am sure you want to know about their spreads: For about two days the highest spread I could see was 0. Apparently this type of trading is frowned upon by LMAX and traders have been asked to stop doing it.
Is he afraid of inflation? Ah or maybe the QE is not going well? It is clear that LMAX is not your average broker and their target clientele is serious traders, not guys who want to try their hand at Forex by opening a bucks account. Remember when I said that if I ever see a broker without any complaints I will think something is fishy? For example Vitor from Portugal complains about the fact that LMAX only offers the headers for the news, not the full story .
An LMAX representative explained that showing the full story was not a part of the service and I agree with that. If you want to read the news, go to Bloomberg, Reuters or any other news portal.
People are often too lazy to read the Terms and Conditions or to simply ask a support representative if their trading style is allowed. If I want to scalp, I am going to ask if scalping is allowed; same with EAs, same with hedging. People are different and no brokerage can please all of them. On the bright side, here is what other traders have to say: