LMAX Exchange - Brokerage Application


BOOK MARK THIS PAGE FOR YOUR REFERENCE (we do not link to it) and it contains very important information for opening your account at one of our preferred brokerages; LMAX Exchange. LMAX is clearing firm regulated by the FCA in London and the SFC in Hong Kong (http://www.lmax.com). Please follow the instructions below in detail.

Here are some important tips to read before starting the application.

  • GETTING HELP: should you require any assistance in getting your account established and/or funded, please email the registration team at [email protected] or visit their contact page here: https://www.lmax.com/contact for alternative contact methods. Alternatively you can contact our account rep Scott Johnson at [email protected].
  • CLIENT RESTRICTIONS: These programs are not open to residents of the USA unless the client qualifies as an ECP (Eligible Contract Participant). The minimum participation level for an ECP clients at LMAX is $250K USD. If you would like to apply as an ECP, please contact us about this. Please note that LMAX may require further information prior to approving your account as an ECP and this is viewed on a case by case basis.
  • Please also note that as per our management mandate, we are not permitted to trade for clients from within the EU (MiFID) Zone. Thus as it pertains to our managed funds, LMAX is ONLY available to non-MiFID investors.
  • Furthermore, LMAX is ONLY available to Professional/Sophisticated Investors. Not retail investors. What does this mean? It means that in order to join the PAM at LMAX, you must be a high net work investor, and you must meet two of the following three requirements before LMAX can classify you as professional: 1.) The client has carried out transactions, in significant size, on a relevant market at an average frequency of 10 per quarter over the previous four quarters. 2.) The size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 500,000. 3.) The client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisagedClients may be required to provide proof of the criterias above (and this is assessed on a case by case basis by LMAX compliance).

To participate in our Managed Account(s) through LMAX, you must first:

  1. Complete an Account Application
  2. Submit the required LPOA(s) (Limited Power of Attorney) documents
  3. Deposit funds to your trading account

The instructions below will guide you through the application process.

 

STEP 1. Completing an Account Application

CLICK HERE For The LMAX - Online Application

For those looking to open a corporate application, please download the PDF application here.

 

STEP 2. LPOAs (Limited Power of Attorney)

After your account(s) have been approved, you can proceed with submitting your LPOA(s) This document authorizes our managers to trade your account(s) on your behalf. Select your desired strategies from the list below and click the corresponding LPOA download link. This form must be signed and submitted in to LMAX. Simply complete all the sections in yellow highlight, and then send the LPOA in to [email protected].

* Please Note: For the sake of diversification we generally recommend, where possible, that our investors spread their funds across all of our trading programs. The funds are “non-correlated” creating synergy through intra-asset class diversification. You can view an overview and comparison between the strategies here.

Please Contact us for the LPOAs
ONCE YOUR ACCOUNT HAS BEEN APPROVED, PLEASE CONTACT US FOR THE SPECIFIC LPOA’S REQUIRED BY LETTING US KNOW THE EXACT FUNDS YOU WOULD LIKE TO INVEST IN.

* IMPORTANT - MULTIPLE ACCOUNTS: If you want to participate in more than one Managed Account you need to ensure that you open the same number of Trading Accounts (you need one separate account per strategy). You can request additional accounts (once your primary account has been approved) by emailing [email protected] and requesting assistance in establishing multiple accounts.

When your initial account has been funded you can simply provide instructions to LMAX on what amount should be transferred to each particular account/fund. This can be done again by emailing [email protected].

Should you have any questions or concerns in completing this application, please do not hesitate to contact us at any time.

Respectfully Yours,
The Managed Forex Hub team.