LMAX Exchange
: Updated on November 26, 2024
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/NZD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, EUR/HUF, EUR/TRY, EUR/ZAR, EUR-CNH, EUR-HKD, EUR/CZK, EUR/PLN, EUR/SGD, EUR-DKK, 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, GBP-DKK, GBP-HKD, GBP-NZD
- USD/CAD, USD/CHF, USD/JPY, USD/HUF, USD/TRY, USD/ZAR, USD/CZK, USD/PLN, USD/SGD, USD/MXN, USD/SEK, USD/NOK, USD-CNH, USD-DKK, USD-HKD, USD-ILS, USD-THB
- NZD/USD, NZD-CAD, NZD-CHF, NZD-JPY
- NOK/SEK
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 HKD = Hong Kong Dollar |
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 DKK = Danish Krone THB = Thai baht ILS = Israeli Shekel |
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 |
You will find a comparison of the different major Forex brokers' spreads, in realtime on this page
http://www.myfxbook.com/forex-broker-spreads.