LMAX Digital agreements and policies
- LMAX Digital Terms of Business downloadsave_alt
- LMAX Digital API Agreement downloadsave_alt
- LMAX Digital Order Execution Policy downloadsave_alt
- LMAX Digital Risk Warning Notice downloadsave_alt
- LMAX Digital Conflicts Policy downloadsave_alt
- LMAX Digital Complaints Policy downloadsave_alt
- LMAX Digital Subject Access Request Formdownloadsave_alt
Access and connectivity
- Customer Connectivity Overview downloadsave_alt
- LMAX Group FIX 4.2/4.4 API Spec on requestmail_outline
- LMAX Group DropCopy Spec on requestmail_outline
- LMAX Group REST/Websocket API view
LMAX Digital product information
How is LMAX Digital different? more
LMAX Digital is a regulated global institutional digital exchange, using the LMAX Group trading technology and infrastructure. We offer fair, transparent, consistent and precise execution, along with proven technology, deep, robust liquidity and global distribution.
Where is LMAX Digital regulated? more
LMAX Digital is regulated by the Gibraltar Financial Services Commission (GFSC) (license number FSC1342B) and is a company registered in Gibraltar (number 117528) as a DLT provider for execution and custody services.
LMAX Digital is also registered as a Money Services Business (MSB) with FinCEN in USA — registration number 31000179750856
Who are the clients of LMAX Digital? more
LMAX Digital is the institutional crypto currency trading exchange. Our deep institutional liquidity is particularly suited for financial institutions, banks, corporates, brokers and asset managers.
How do I open an account with LMAX Digital? more
Minimum deposit for opening an LMAX Digital account? more
The minimum deposit size is 100,000 USD or crypto currency equivalent.
Which digital currencies are available to trade? more
BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), BCH (Bitcoin Cash), XRP (Ripple) – against USD, EUR, JPY, GBP; and SOL (Solana), MATIC (Polygon), LINK (Chainlink) – against USD.
What is the minimum trade size? more
The minimum size and order increment you can trade is 0.01 coins for all digital currencies, except XRP which has a minimum trade size of 1 coin.
What are my funding options? more
We accept both fiat (via bank transfer) and crypto currency deposits. Information on how to deposit and withdraw is available via your Client Portal.
What fees do you charge? more
Passive Aggressive Free 3bps
Non-committed makers and takers
Traded volume* Passive Aggressive < $100m 2bps 6bps** > $100 < $200m 2bps 4bps > $200m 2bps 3bps
* Traded volume (calculated as passively and aggressively matched orders in aggregate) will be reviewed monthly
Clients, meeting the stated volume discount thresholds, will be rebated monthly on a retrospective basis
Discounts will be applied on a back to zero volume basis
**Commission of 6bps will be levied at point of trade on all aggressively matched orders
What are the trading hours? more
LMAX Digital operates 24 hours, 7 days a week, except 17:00 – 17:05 EST/EDT daily. We perform scheduled software releases, details of which will be sent in advance to all clients and members.
What is the settlement period? more
Settlement can take up to T+1.
Are there limits to how much I can trade? more
Prior to trading, you are required to have the full fiat amount needed to purchase the crypto currency or the crypto amount you wish to sell deposited on your LMAX Digital account.
How are my orders matched? more
Orders are matched in an anonymous central limit order book on a price-time priority basis.
Are my crypto currencies safe with LMAX Digital? more
LMAX Digital offers an industry leading full custodian solution by operating a tiered offline wallet system (Cold and Vault storage). All clients’ coins are held in Cold (Offline Hardware Security, Multi-Signature) or Vault (Offline Hardware Security, Multi-Signature, Secure Vault) storage. The Vault storage has been designed in conjunction with a leading established security firm.
What are my connectivity options? more
Connectivity is either over the Internet (SSL) or via a direct cross-connect through LMAX Proximity. As per our existing LMAX Group infrastructure, we support market data and orders over FIX 4.2/4.4; API (REST/Websocket, Java, .Net) and ITCH (available for cross-connected clients only), Drop Copy over FIX 4.4.
Where are your servers located? more
Servers are located in the LD4/6 Equinix campus in Slough, United Kingdom. Cross-connects are via the LMAX Proximity Network in LD4.