LMAX Exchange review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
LMAX Exchange is a UK regulated, custodial exchange for traders who put fee levels ahead of coin choice: taker fees of 0.03% to 0.06% sit well under the 0.2% median. The trade-off is the list, since 16 coins is short next to that 74.5 median.
Key facts
- Best for
- Low-cost regulated spot trading on a short list of major coins.
- Taker fee
- 0.03% to 0.06%↗
- Coins listed
- 16↗
- Regulators
- Gibraltar Financial Services Commission (GFSC), Financial Conduct Authority (FCA)↗
- Maker fee
- 0% to 0.02%↗
- Exchange type
- Cex↗
- Headquarters
- United Kingdom↗
- Founded
- 2010↗
- Support channels
- Email, Chat, Phone↗
- Features
- Custodial
- Official website
- lmax.com
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- WikidataLinkedInXyoutube.com
Pros and cons
Pros
- Taker fees of 0.03% to 0.06% sit well under the exchange median of 0.2%.
- Regulated by the Financial Conduct Authority and the Gibraltar Financial Services Commission (Gibraltar Financial Services Commission (GFSC) and Financial Conduct Authority (FCA)).
- Maker fees of 0% to 0.02% make posted orders the cheap side of the book.
- Support runs on email, chat and phone, and only 19.2% of ranked exchanges offer a phone line.
Cons
- Only 16 coins are listed, far short of the 74.5 median in the exchange ranking.
- Custodial, so the platform holds the coins rather than you (custodial).
- Taker fees of 0.03% to 0.06% apply per trade, where ActivTrades charges 0%.
Who it suits
- UK traders who want an exchange supervised by the Financial Conduct Authority.
- Cost-conscious spot traders, with taker fees of 0.03% to 0.06% against a 0.2% median.
- Traders who want phone and chat help, since support runs on email, chat and phone.
Who should look elsewhere
- Traders who want to pay no taker fee, since ActivTrades charges 0%.
- Altcoin hunters, because Bitpanda lists from 650.
Trading and withdrawal fees
Trading costs are the reason to look here. Taker fees run 0.03% to 0.06% and maker fees 0% to 0.02%, so orders that add liquidity cost less than orders that remove it. The rate you pay depends on whether you take the top of the book or post your own price.
Safety and regulation
Regulation is the clearest reason to hold funds here. The exchange is supervised by the Gibraltar Financial Services Commission in Gibraltar and by the Financial Conduct Authority in the UK, and Gibraltar Financial Services Commission (GFSC) and Financial Conduct Authority (FCA) lists both. Supervision in the UK and in Gibraltar keeps client accounts inside a licensed framework.
How LMAX Exchange compares
9.4 vs 9.5- 9.4 vs 9.3
9.4 vs 9.2
9.4 vs 9.7Its taker fee is 0%, so it suits traders who pay nothing to trade.
9.4 vs 9.4
9.4 vs 9.6
9.4 vs 9.0
9.4 vs 9.0
9.4 vs 9.0
9.4 vs 9.0
9.4 vs 8.9
9.4 vs 9.0
9.4 vs 8.2
9.4 vs 8.2
9.4 vs 9.7
9.4 vs 9.4
9.4 vs 9.3
9.4 vs 9.2
9.4 vs 9.2
9.4 vs 9.1
9.4 vs 9.0
9.4 vs 8.7
9.4 vs 8.6
Where LMAX Exchange is available
- Licence in Gibraltar
- Gibraltar Financial Services Commission (GFSC), checked September 26, 2026
- Licence in United Kingdom
- Financial Conduct Authority (FCA), checked September 26, 2026
Frequently asked questions
What does it cost to trade on LMAX Exchange?+
Trading fees are taker fees of 0.03% to 0.06% and maker fees of 0% to 0.02%, so taking liquidity costs more than posting it. For context, the median taker fee across ranked exchanges is 0.2%. Fees apply per trade, so frequent trading adds up.
Is LMAX Exchange regulated?+
Yes. The exchange is supervised by the Financial Conduct Authority in the UK and by the Gibraltar Financial Services Commission in Gibraltar, and Gibraltar Financial Services Commission (GFSC) and Financial Conduct Authority (FCA) lists both. Supervision in the UK and in Gibraltar keeps client accounts inside regulated markets.
How many coins can I buy on LMAX Exchange?+
The list covers 16 coins, which is a short list for a venue of this kind. The median across ranked exchanges is 74.5 coins, so most lists run far longer. Traders after a deep altcoin range will find more choice elsewhere.
Who holds the coins on the account?+
LMAX Exchange is custodial, so the platform holds the coins and you hold a balance in the account, as custodial describes. That keeps key management with the exchange rather than with you, so access to holdings depends on the account and the platform staying in order.
How do I contact support?+
Support runs on email, chat and phone, so the team can be reached by email, in chat or by phone. Phone lines are the exception among exchanges, with only 19.2% of ranked venues offering one. Email gives a written record for order queries.
How does the fee compare with ActivTrades and bunq?+
On taker fees, LMAX Exchange sits at 0.03% to 0.06%, against 0% at ActivTrades and 0.25% to 1.99% at bunq, making it the cheapest of the group for taking liquidity. Fees are quoted per trade, so a frequent trader pays more in total than a casual one.
When was LMAX Exchange founded and where is it based?+
The group was founded in 2010 and is headquartered in the United Kingdom (GB). Its licences come from the Financial Conduct Authority in the UK and the Gibraltar Financial Services Commission, so the operation runs from a regulated UK base with a further supervisor in Gibraltar.
Sources
- en.wikipedia.org/wiki/LMAX_Group checked September 26, 2026
Backs: Founded, Headquarters
“Founded 2010, Headquarters London, UK”
- lmaxdigital.com checked September 26, 2026
Backs: Exchange type, Features, Regulators, Licences
“LMAX Digital is the institutional spot crypto currency exchange”
- lmaxdigital.com/trading checked September 26, 2026
Backs: Coins listed, Maker fee, Support channels, Taker fee
“SOL, LINK, PYTH, UNI, AAVE, DOGE, CC, PAXG, RLUSD, USDT, TRX (against USD); BTC, ETH, XRP, LTC, BCH”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Fiat deposit methods.