I'm posting this because a few people have PM'd me with interest in LMAX.
Anyway, was reading a report from last month about LMAX's revenue & volumes being up 260%, client base doubling & client funds up 240%. Seems they are going from strength to strength. Good to see someone doing things right.
So why should we as traders care? Basically because there is a large negative edge with most retail brokers. I've used a variety of brokers in my time and the cost-savings from an institutional quality broker for an active trader are huge. In that respect, places like LMAX have saved me a small fortune.
I'm willing to bet that some people who are struggling to be profitable traders could be if they only used a decent broker. Anyway, your choice...
Disclosure: I use LMAX Exchange. This is not an advert for them - although if LMAX is reading, please feel free to reduce my commish further
. My point is that I would strongly recommend an institutional quality broker even to retail clients.
PS I would also strongly caution readers to ignore most of the posts written in this broker forum... there is a huge amount of incorrect and misleading information.
Anyway, was reading a report from last month about LMAX's revenue & volumes being up 260%, client base doubling & client funds up 240%. Seems they are going from strength to strength. Good to see someone doing things right.
So why should we as traders care? Basically because there is a large negative edge with most retail brokers. I've used a variety of brokers in my time and the cost-savings from an institutional quality broker for an active trader are huge. In that respect, places like LMAX have saved me a small fortune.
I'm willing to bet that some people who are struggling to be profitable traders could be if they only used a decent broker. Anyway, your choice...
Disclosure: I use LMAX Exchange. This is not an advert for them - although if LMAX is reading, please feel free to reduce my commish further
PS I would also strongly caution readers to ignore most of the posts written in this broker forum... there is a huge amount of incorrect and misleading information.