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LMAX EUR/USD Spread Compared to Top Competitors

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LMAX isn't available in US
FULL LMAX OVERVIEW

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Nationalflagg United States

Your location is United States

The average spread for the EUR/USD across more than 200 brokers that offer ECN and Raw Spread accounts showed it is 0.17 pips. The average spread of LMAX for the EUR/USD currency pair is 0,1, which corresponds to a Low level

How Does LMAX EUR/USD Spread Compare to top Competitors?

The average EUR/USD spread among over 200 researched Forex brokers on ECN accounts is 0.17 pips All spreads mentioned are based on the analysis of publicly available sources and data provided by the brokers. . We also compared the spreads and per-lot fees of LMAX with top competitors that accept clients from your country.

LMAX Plus500 Pepperstone
EUR/USD 0,1 0,1
GBP/USD 0,1 0,15
ECN commission (per lot) 5 3
Supported Currency pairs 80 60 90
Study review Open an account
Your capital is at risk.
Open an account
Your capital is at risk.

What Other Fees Does LMAX Charge?

We also compared the spreads of LMAX on Standard account types with those of competitors, as well as non-trading fees such as inactivity fees and withdrawal fees.

LMAX Stardard Account EUR/USD spread
LMAX Plus500 Pepperstone
EUR/USD, min pips 0,2 0,5 0,5
EUR/USD, max pips 0,5 0,9 1,5
GBP/USD, min pips 0,3 0,5 0,4
GBP/USD, max pips 0,7 1,0 1,4
LMAX Non-Trading Fees
LMAX Plus500 Pepperstone
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0
Inactivity fee, $ 10 10 0

LMAX ECN/Raw Spread Account vs Standard Account: Where is the Lower Spread?

According to calculations by Traders Union based on the analysis of over 300 brokers, the average cost of executing a trade of 1 standard lot of EUR/USD on an ECN/RAW account, including spread and commission, is $5.20. In contrast, the average spread on a Standard account is 0.8 pips, which is equivalent to $8 per lot. It is also worth noting that ECN/RAW accounts generally offer faster order execution and allow trading with bots, making them more suitable for active traders.

The average LMAX EUR/USD spread is 0,1, which equal to 1$, plus you will need to pay a commission per lot of ECN 5$. LMAX Standard account spread is 0,2, which equal to 0,1; however, there is no extra commission to pay in this case.

What Other Factors Directly Affect LMAX EUR/USD Spread?

Several factors directly impact LMAX the overall cost of executing trades in EUR/USD, beyond just the average spread. Here are some key considerations:

  • Liquidity and Daily Turnover:

    Higher liquidity and larger daily turnover generally result in tighter spreads and better trade execution. Brokers with higher liquidity can offer more competitive pricing and faster order execution, which is crucial for active traders.

    Top 3 Forex Brokers by Trading Turnover
    Average Daily Turnover for All Currency Pairs $B
    IC Markets 29 Open an account
    Your capital is at risk.
    Saxo Bank 20,01 Open an account
    Your capital is at risk.
    StoneX 18,6
  • LMAX Order Execution Speed:

    Faster order execution reduces the likelihood of slippage, ensuring that trades are executed at the expected prices. This is especially important for scalpers and high-frequency traders. Typically, order execution speed is better on ECN accounts. LMAX is an ECN forex broker, which means it offers high.

  • Time of Day:

    • Best Times to Trade EUR/USD is Peak Activity: 8:00 AM to 12:00 PM EST (1:00 PM to 5:00 PM GMT). During the overlap of the London and New York sessions, liquidity is highest and spreads are usually the tightest.
    • Worst Times to Trade EUR/USD: 5:00 PM to 10:00 PM EST (10:00 PM to 3:00 AM GMT). Spreads widen during this period due to low liquidity when major markets are closed.
  • Commission Fees

    In addition to spreads, commission fees per trade can significantly impact the total cost. ECN/RAW accounts often charge a commission per lot, which needs to be factored into the overall trading cost.

    LMAX Commison Per Lot is 5$

  • Non-Trading Fees:

    Inactivity fees, withdrawal fees, and other non-trading charges can add up and impact your overall profitability. It is essential to review all potential fees associated with the broker.

  • VPS (Virtual Private Server) Services:

    Utilizing a VPS can enhance your trading by providing a stable and high-speed internet connection, reducing latency and potential slippage. This is particularly beneficial for automated trading systems and high-frequency traders, as it ensures your trades are executed as quickly as possible, minimizing execution costs.

    LMAX Extra Services For Active Traders Vs Competitors
    LMAX Plus500 Pepperstone
    Free VPS Yes No Yes
    API Yes No Yes
    Signals (alerts) Yes Yes Yes
    TradingView integration No Yes Yes
    Trading bots (EAs) Yes Yes Yes
    Scalping Yes Yes Yes
    One click trading Yes Yes Yes

LMAX Regulation and Other Important Trading Conditions

Minimum deposit $10,000
Trading platform МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader
Accounts Demo, standard
Account currency GBP, EUR, USD, AUD, CHF, JPY, PLN, SEK, SGD, HKD, and HUF
Replenishment / Withdrawal Credit cards, bank transfer, Neteller, Skrill
Trading features There is an inactivity fee on the account
Instruments currency pairs (69)
CFDs on indices (13)
metals (7)
energy (5)
cryptocurrencies (8)

Can I Copy Trade EUR/USD at LMAX?

No, LMAX does not support copy trading. However, you can still benefit from this feature by choosing among the following brokers that do support copy trading:

Copy trading
Garanti BBVA Yes
Plotio Global Yes Study review
Trive Yes Open an account
Your capital is at risk.

These platforms offer the ability to follow and replicate the trades of experienced traders, allowing you to participate in the EUR/USD market without needing to manage trades actively. Simply select a broker from the list, and start leveraging professional strategies to enhance your trading results.

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