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LMAX introduces new instruments: Indexes + Crypto
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LMAX introduces new instruments: Indexes + Crypto

created Paweł Mosionek8 May 2018

LMAX Exchange, a forex MTF broker with the status of the British stock exchange, introduces 14 new instruments from the stock indices group and 5 from the cryptocurrency group. The first category is particularly interesting, as it surprises with very low spreads, which have so far been about 20-30% larger.

New instruments at LMAX

New index instruments are actually the rebranding of "old" instruments that will be phased out in the near future. However, traders can get a little confused as they now have both "old" and "new" symbols at their disposal. The liquidation of earlier instruments will take place at the end of this week.

The index group is joined by:

  • GER30.lmx - an instrument based on the DAX index,
  • GER30m.lmx - an instrument based on the DAX mini index,
  • HK50.lmx - an instrument based on the Hang Seng 50 index,
  • US100.lmx - an instrument based on the NASDAQ 100 index,
  • US100m.lmx - an instrument based on the NASDAQ 100 mini index,
  • WS30.lmx - an instrument based on the Dow Jones 30 index,
  • SPX500.lmx - an instrument based on the S & P500 index,
  • FR40.lmx - an instrument based on the CAC40 index,
  • FCHI40.lmx - instrument based on CAC 40,
  • STOXX50.lmx - an instrument based on the Eurostoxx 50 index,
  • EUR50.lmx - an instrument based on the Stoxx Euro 50 index,
  • SPN35.lmx - an instrument based on the Ibex 35 index,
  • J225.lmx - an instrument based on the Nikkei 225 index,
  • AUS200.lmx - an instrument based on the ASX 200 index.

The minimum volume for each instrument is 0.1 lot (min. Step is also 0.1 lot). Spreads take variable values, however, they are very attractive. The commission should be added to the spreads according to the price list of the broker.

In the European session hours on the GER30 and GER30 instruments, the average spread is 0.7 pips (with a commission of about 1.0 pips), while for US100 even 0.5 pips (with 0,8 pips commission).

Check it out: Brokers offering DAX - Statement 2018

Added cryptocurrency instruments:

  • XBTUSD.lmx - Bitcoin,
  • XETUSD.lmx - Ethereum,
  • XBNUSD.lmx - Bitcoin Cash,
  • XLCUSD.lmx - Litecoin,
  • XRPUSD.lmx - Ripple.

The minimum volume for cryptocurrency transactions ranges from 0.01 lot (Bitcoin) to 1.0 lot (Ripple), depending on the value of the instrument.

Spreads take variable values, without specifying the specific range in which they can move.

The leverage offered is 1: 2 for all new instruments. At present, trade is only possible from Sunday to Friday.

Check it out: Brokers offering Bitcoin - 2018 statement

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.