Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| LMAX | Exness | |
|---|---|---|
| Overall score | 3.36 / 5 | 3.97 / 5 |
| Regulation | CySEC No. 310/16 + FCA-licensed (FRN unconfirmed) FCA-licensed; firm reference number not independently confirmed. |
CySEC No. 178/12 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD025 Exness Group also holds licences in Seychelles (FSA), Mauritius (FSC), BVI (FSC), Curacao (CBCS), Jordan and the UAE, but these are not on the approved Tier-1 list so are excluded here. FCA-licensed via Exness (UK) Ltd; per Exness's own disclosures this entity does not serve retail clients -- confirm current status before relying on it. |
| Entity | LMAX Broker Europe Ltd | Exness (Cy) Ltd |
| Founded | 2010 | 2008 |
| Headquarters | 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 | Limassol, Cyprus |
| Minimum deposit | $10,000 | $10 (varies by payment method; some methods allow as low as $1) |
| Avg. spread (EUR/USD) | 0.3 pips | 0.2 pips |
| Platforms | MT4, MT5, Proprietary (LMAX Trader) | MT4, MT5, Proprietary (Exness Terminal) |
| Other Tier-1 regulators | None confirmed | FSCA, CMA |
| Instruments | 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. | 100+ instruments across forex, indices, commodities, stock and crypto CFDs |
| Visit | Visit LMAX | Visit Exness |
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