LMAX Exchange
: Updated on June 16, 2020
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/CHF, EUR/GBP, EUR/JPY, EUR/USD, EUR/HUF, EUR/TRY, EUR/RUB, EUR/ZAR, EUR/CZK, EUR/NDZ, EUR/PLN, EUR/SGD, 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
- USD/CAD, USD/CHF, USD/JPY, USD/HUF, USD/TRY, USD/RUB, USD/ZAR, USD/CZK, USD/PLN, USD/SGD, USD/MXN, USD/SEK, USD/NOK
- NZD/USD*
- NOK/SEK
In addition to the regular orders with daily validity (until 23:00, time of day change) multiday orders , valid until revoked, can be placed as well.
Stop loss orders are valid until revoked.
- The two pairs of currencies in which there is the New Zealand dollar (AUD / NZD and NZD / USD), makes the day change from Monday to Thursday between 19.00 and 21.00, depending on the time now in force (summer or winter), with a cancellation of all orders placed or already in negotiation, except conditional and multiday orders.
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 |
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 |
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.