Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| FXOpen | LMAX | |
|---|---|---|
| Overall score | 3.42 / 5 | 3.36 / 5 |
| Regulation | CySEC No. 194/13 + FCA No. 579202 + FSA Seychelles-licensed (licence number unconfirmed) FCA and ASIC licences are held by separate FXOpen group entities (UK and Australia), not by FXOpen EU Ltd itself. FSA Seychelles-licensed via FXON Ltd, per the official FSA Capital Markets register; licence number not independently confirmed. |
CySEC No. 310/16 + FCA-licensed (FRN unconfirmed) FCA-licensed; firm reference number not independently confirmed. |
| Entity | FXOpen EU Ltd | LMAX Broker Europe Ltd |
| Founded | 2003 | 2010 |
| Headquarters | London, UK (group); FXOpen EU Ltd, the CySEC entity, is based in Cyprus | London, United Kingdom (LMAX Group parent, set up by Betfair/Goldman Sachs alumni); LMAX Broker Europe Ltd is the CySEC-licensed Cyprus entity serving EU retail clients |
| Minimum deposit | $300 / €300 | $10,000 |
| Avg. spread (EUR/USD) | 1 pips | 0.3 pips |
| Platforms | MT4, MT5, TradingView, Proprietary (TickTrader) | MT4, MT5, Proprietary (LMAX Trader) |
| Other Tier-1 regulators | ASIC | None confirmed |
| Instruments | Forex plus CFDs on indices, commodities, stocks and cryptocurrencies | LMAX publishes a specific, independently reported range rather than a vague estimate: 100+ instruments across forex, spot metals (bullion), equity indices, commodities, and cryptocurrency CFDs, plus a "Weekend FX" product (cash-settled FX CFDs tradable over the weekend). No shares/stock CFDs were found in any source. |
| Visit | Visit FXOpen | Visit LMAX |
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