LMAX Global Ltd Information
LMAX Global Ltd is an unregulated financial services provider that offers trading services in gold-related products like London gold, Gold T + D, Paper gold, and Physical gold viathe ST5 Trading Platform.
Pros & Cons
Is LMAX Global Ltd Legit?
LMAX Global Ltd currently lacks valid regulation, which raises significant concerns about its safety and legitimacy.
Market Instruments
LMAX Global Ltd offers various gold-related products, including London gold, Gold T + D (or Gold Tomorrow), Paper gold, and Physical gold.
London gold refers to gold traded on the London Bullion Market, a global over-the-counter market for wholesale trading of gold and silver.
Gold T + D contracts allow traders to buy or sell gold at a predetermined price for delivery on a specified future date.
Paper gold typically refers to gold investments that are not physically backed by the metal, such as gold futures or exchange-traded funds (ETFs).
Physical gold involves the direct purchase or sale of physical gold bullion or coins.
How to Open an Account?
- Step 1: Click the button ''Opening a real account'' on the homepage.
- Step 2: Note that due to policy reasons, services are not provided to NorthKorea, lsrael, China, Vanuatu, and Cuba.
- Step 3: Click on the ''Register'' option.
- Step 4: Follow the on-screen instructions to input your personal and contact details.
- Step 5: Click on the ''Register'' option to finalize the creation of your account.
Leverage
LMAX Global Ltd provides a maximum leverage ratio of 1:500. This ratio signifies that for every dollar deposited, traders can control $500 worth of trades. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
LMAX Global Ltd caters to its clients' trading needs with the ST5 Trading Platform, which is designed to offer advanced features and cutting-edge technology, empowering traders with the tools they need to analyze markets, manage positions, and execute trades with precision.
Customer Service
LMAX Global Ltd can be reached through:
Email: support@lmaxgloballtd.com
Address: 110 William St, New York, USA
Conclusion
In conclusion, LMAX Global Ltd is a broker who focuses on gold-related trading with high maximum leverage through the ST5 trading platforms. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.
Frequently Asked Questions (FAQs)
Is LMAX Global Ltd regulated?
No. It has been verified that this broker currently has no valid regulation.
Does LMAX Global Ltd offer demo accounts?
No.
Does LMAX Global Ltd offer industry-leading MT4 & MT5?
No. Instead, it offers ST5 Trading Platform.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
