Client documents

FAQs

• 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

  To become a client, you will need to apply for an account with LMAX Digital. You can apply online using our application form. If you need assistance or have further questions, please contact our LMAX Digital Sales team at +44 333 700 4096 or email: [email protected].

• 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 (XRP) – against USD, EUR, JPY, GBP; and SOL (Solana), LINK (Chainlink) , PYTH (Pyth Network) – against USD.

• What is the minimum trade size? more

  The minimum trade sizes are 0.01 coins for BTC, ETH, LTC, BCH, and SOL; 1 coin for XRP; and 0.1 coins for LINK and PYTH.

• 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

  Committed makers

  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.