Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| XS Markets | LMAX | |
|---|---|---|
| Overall score | 3.35 / 5 | 3.36 / 5 |
| Regulation | CySEC No. 412/22 + FSA Seychelles No. SD089 | CySEC No. 310/16 + FCA-licensed (FRN unconfirmed) FCA-licensed; firm reference number not independently confirmed. |
| Entity | XS Markets Ltd | LMAX Broker Europe Ltd |
| Founded | 2010 | 2010 |
| Headquarters | Not independently confirmed | 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 | No minimum | $10,000 |
| Avg. spread (EUR/USD) | Not independently confirmed | 0.3 pips |
| Platforms | MT4, MT5 | MT4, MT5, Proprietary (LMAX Trader) |
| Other Tier-1 regulators | ASIC, FSCA | None confirmed |
| Instruments | 700-1,100+ instruments (sources disagree) across forex, metals, energy/commodities, indices, shares, crypto CFDs, and futures. No official total instrument count was found. | 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 XS Markets | Visit LMAX |
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