LMAX review

February 21st, 2018, 04:45 PM

Thnx man. Ive contacted them alread and they don't do any forex anymore. They will update and remove it from the site.

If you Google Introducing broker you get all kind of shady businesses.

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February 21st, 2018, 06:35 PM

LMAX is known as a high speed wholesale spot forex broker.

are you a futures trader or a spot forex trader?

LMAX is banned in Australia because they dont meet requirements for retail traders (hence wholesale/sophisticated traders only).

February 21st, 2018, 06:37 PM

LukePoga

LMAX just does spot forex right? and maybe some spot indexes?

are you a futures trader or a spot forex trader?

Spot forex, for now. Looking for a platform where I can do both. Difficult quest finding a good broker If you dont want to use metatrader

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February 21st, 2018, 06:37 PM

Giamsterdam4x

Spot forex, for now. Looking for a platform where I can do both. Difficult quest finding a good broker If you dont want to use metatrader

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i think you would need two brokers. one for spot and one for futures. they are entirely different beasts. not sure about which retail platforms combine this. i dont use retail software.

LMAX is highly regarded as a forex broker though.

February 21st, 2018, 06:41 PM

I hate metatrader with a passion, it has crashed 3x in 2 months removing 2 days work of trendlines and zones in the process. I cant risk my livelyhood on a platform that is so unstable and heavy on the cpu, I have a new i5 computer and it sounds like its about to takoff and fly away.

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February 21st, 2018, 06:52 PM

Giamsterdam4x

I hate metatrader with a passion, it has crashed 3x in 2 months removing 2 days work of trendlines and zones in the process. I cant risk my livelyhood on a platform that is so unstable and heavy on the cpu, I have a new i5 computer and it sounds like its about to takoff and fly away.

Sent using the NexusFi mobile app

I don't use MetaTrader personally, so fwiw;

It is possible you have a bad indicator or plugin that is overloading the platform? Might be worth investigating before having to jump into a whole new platform. In my experience a new platform jump introduces loads of new (and unseen) problems that will take time to test and iron out.

February 22nd, 2018, 01:55 AM

amoeba

I don't use MetaTrader personally, so fwiw;

It is possible you have a bad indicator or plugin that is overloading the platform? Might be worth investigating before having to jump into a whole new platform. In my experience a new platform jump introduces loads of new (and unseen) problems that will take time to test and iron out.

The slowing down is an indicator issue, but I know plenty people that use the same setup as me and have no problems, I've even tried it on 2 different brokers. I figure since I want to explore Futures anyway now is a good time to get used to a platform that supports both.

February 22nd, 2018, 01:56 AM

Small update; Even with an Introduction broker you will need to deposit 10k if you want to use LMAX with Sierra Charts.

February 22nd, 2018, 05:32 AM

Sierra chart use both FIX protocol and Java/.Net and when you dont use FIX protocol connection minimum deposit is 5000. Sierra chart has also on their site that dont use FIX protocol connection (It is not recommended to use the direct FIX connection that Sierra Chart also supports. This does not support what is described in the above paragraph and has a 300 USD/month fee from LMAX if the monthly minimums are not met with trading volume).
this is from one IB of LMAX regarding api requirements
https://fxmtf.com/trading-platforms/api-trading/

February 22nd, 2018, 05:43 AM

Obelixtrader

Sierra chart use both FIX protocol and Java/.Net and when you dont use FIX protocol connection minimum deposit is 5000. Sierra chart has also on their site that dont use FIX protocol connection (It is not recommended to use the direct FIX connection that Sierra Chart also supports. This does not support what is described in the above paragraph and has a 300 USD/month fee from LMAX if the monthly minimums are not met with trading volume).
this is from one IB of LMAX regarding api requirements
https://fxmtf.com/trading-platforms/api-trading/

Thnx. I mailed yesterday with FXMTF and they told me the minimum was 10.000 I'll send them another mail with this info!

LMAX review

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LMAX review