Recent content by TraderHoo

LMAX InterBank - Spot FX Execution Venue for Banks | LMAX Exchange Read up on that website on the requirements to join that market.

Ok so you are just guessing. I would find it highly unlikely LMAX would do something like this. One thing it would be illegal. They have a exchange license. FSA would be on their **** in a second for "kickbacks". Secondly why would they be stupid enough to widen spreads to such an extent that...

LMAX is a pure exchange not a blended feed of the best bid/ask, how can they be making money of the spread? Only market participants would be making/loosing money.

Had an email from the account manager at LMAX saying they bought on four liquidity providers last week and the spreads should start getting better. Gbpusd definitely seems better but everyone please keep an eye on the spreads and let's see if this is a genuine effort or bull****.

Definitely on the lookout for a top quality brokerage now that LMAX has become useless.

What's the minimum account opening size?

Good point. Just took a screenshot of the live EURUSD depth. I think they are artificially narrowing the spread to show better results for websites that keep track like fxintel.com/live 10 standard (mini?) lots but the proper liquidity is much wider and almost double the artificial spread...

I trade on Integral too and the spreads are tight. Like today Integral is showing 1 - 2 pip on GBPAUD and LMAX has been showing between 3 and 4 pips for the same. Screw that.

I wrote to them too a couple of weeks ago and the account manager gave me some bull**** about the best execution in the market and how LMAX was worth it. I told him if spreads don't improve I will move my business elsewhere. He said he would forward my feedback to London HQ. The awful spreads...

Yep I can confirm this. LMAX spreads have become much bigger than just a few weeks/months ago. AUDCAD is just flat out un-tradeable most of the day.

I had a couple of questions: - Is the spread markup exactly one pip or does it vary? If it does vary then what are the variables? - Is it the same across all account types and/or order size? I am considering using FXCM but I am concerned that with a flat 1 pip markup - 2 pip roundtrip, my...