LMAX New Zealand account FAQs

How do I open an individual LMAX New Zealand Account? more

You can apply for an LMAX New Zealand Account online here.

We always try to validate your account electronically, but will occasionally require some additional supporting documentation.

We will notify you by email as soon as your account is open and ready to start trading. close

How do I open a Corporate LMAX New Zealand Account?more

You can download a Corporate Account application form here or contact our Customer Services Team on +64 4889 4510 or email [email protected].close

How do I fund my account?more

LMAX New Zealand currently offers accounts denominated in AUD, EUR, GBP and USD. We accept funds via bank transfer and debit/credit card. close

What leverage do you offer? more

As a client of LMAX New Zealand, you will be able to trade on the following leverage:

Instrument type Leverage margin*
Major FX pairs 200-1
Minor FX pairs 200-1
Major indices 100-1
Minor indices 100-1
Gold 200-1
Commodities 100-1
Crypto currencies 100-1

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How secure are my funds with LMAX New Zealand? more

LMAX New Zealand holds money deposited by its clients in a top tier global bank and separate from its corporate funds. close

What are your spreads and trading costs?more

Spreads

LMAX Exchange spreads are variable. To view our historical spreads, please click here

Commissions

LMAX New Zealand Account holders are eligible for a competitive commission rate structure, dependant on their level of trading activity

Call our Customer Services Team on +64 4889 4510 or email [email protected] for more information

Overnight financing

FX Overnight Financing

The financing charge for Rolling Spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependant on market conditions and including an LMAX New Zealand charge. When a position is held overnight, LMAX New Zealand will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX New Zealand premium.

The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on your position is not adjusted, rather a separate financing charge is levied to your account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. Example available on request.

CFD Overnight Financing Rates

Financing charges are applied to all CFD positions held through the market close each day. Financing charges will be applied according to the following schedule.

Instrument Reference Rate Standard Contracts Long Standard Contracts Short Mini Contracts Long Mini Contracts Short
UK instruments 1 month LIBOR +2% -2% +2.5% -2.5%
Euro instruments 1 month EUR LIBOR +2% -2% +2.5% -2.5%
US instruments 1 month USD LIBOR +2% -2% +2.5% -2.5%
JPY instruments 1 month JPY LIBOR +2% -2% +2.5% -2.5%
AUD instruments 1 month AUD LIBOR +2% -2% +2.5% -2.5%
HKD instruments 1 month HKD LIBOR +2% -2% +2.5% -2.5%

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What instruments can I trade? more

Over 100 instruments: FX, bullion, equity indices, spot commodities and crypto CFDs.

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How do I access LMAX New Zealand? more

There are number of ways to access LMAX New Zealand:

  • FIX 4.4
  • API (Java, .NET)
  • Web GUI
  • MT4/5 Bridges

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What customer support is available?more

Our Customer Services Team offers 24-hour support from Monday 7:00 – Saturday 7:00 AEST

You may contact us during this period by calling +64 4889 4510, via the Live Chat function on our website or by emailing [email protected]. We offer support in a variety of languages. close

What are the trading hours?more