LMAX
Exinity
LMAX vs Exinity
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
LMAX and Exinity are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. LMAX, founded in 2010 and headquartered in London, UK, is regulated by FCA and offers spreads starting from 0.0 pips with a minimum deposit of $1000. Exinity, established in 2012 in Limassol, Cyprus, holds licenses from FCA, CySEC, FSA with spreads from 0.5 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, LMAX scored 8.8/10 overall compared to Exinity's 7.7/10, making it the stronger pick for most traders. That said, Exinity holds its own with superior education resources and smoother deposits & withdrawals, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
LMAX scores 8.8/10 overall vs 7.7/10 for Exinity — a 1.1-point difference.
- 💵
Exinity requires just $10 to start, while LMAX needs $1000 — Exinity is 100x more accessible.
- 📈
Exinity offers 500+ instruments vs 100+ at LMAX — a massive gap in market coverage.
- 🖥️
LMAX runs on LMAX Global, while Exinity uses MT4, MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: LMAX scores 9.0 vs 7.5 for Exinity — a 1.5-point difference.
Our Verdict
LMAX
Score: 8.8/10 · Wins 5 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
Exinity
Score: 7.7/10 · Wins 3 categories- You're a beginner who values learning resources
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
LMAX takes the lead with an overall score of 8.8/10 compared to 7.7/10, winning in 5 out of 8 scoring categories. LMAX stands out for lower trading costs and better trading platforms, while Exinity fights back with superior education resources and smoother deposits & withdrawals.
Detailed Verdict
After testing both brokers with real accounts, LMAX comes out ahead with a 8.8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. LMAX holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Exinity is not without merit — it scores 7.7/10 overall and excels in Regulation & Trust (9.0/10), winning 3 categories. Traders who value superior education resources or smoother deposits & withdrawals may find Exinity the better fit. For a complete breakdown, read our full LMAX review and Exinity review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
LMAX wins by 1.5 points
LMAX wins by 0.5 points
LMAX wins by 0.5 points
Exinity wins by 1.0 points
LMAX wins by 0.5 points
LMAX wins by 0.5 points
Exinity wins by 0.5 points
Exinity wins by 1.0 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, LMAX has the edge with a score of 9/10 versus 7.5/10 for Exinity. LMAX offers spreads starting from 0.0 pips, while Exinity starts from 0.5 pips. The minimum deposit at LMAX is $1000, compared to $10 at Exinity. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
LMAX scores 8/10 for platforms compared to 7.5/10 for Exinity. LMAX provides LMAX Global, while Exinity offers MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. LMAX is regulated by FCA (Tier 1), while Exinity holds licenses from FCA, CySEC, FSA (Tier 1). LMAX scores 9.5/10 and Exinity scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Exinity leads with 7/10 compared to 6/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. LMAX and Exinity both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
LMAX offers 24/5 Email, Phone and scores 8/10, while Exinity provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
LMAX scores 7/10 for deposits and withdrawals, while Exinity scores 7.5/10. LMAX accepts Bank Transfer, and Exinity supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. LMAX requires a minimum deposit of $1000 versus $10 for Exinity. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose LMAX if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
Choose Exinity if you...
- You're a beginner who values learning resources
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is LMAX better than Exinity?
LMAX scores higher overall (8.8/10 vs 7.7/10), winning 5 of 8 categories. However, Exinity is stronger in superior education resources and smoother deposits & withdrawals. The best choice depends on what matters most to your trading style.
Which has lower fees, LMAX or Exinity?
LMAX scores higher for trading costs. LMAX offers spreads from 0.0 pips with a $1000 minimum deposit, while Exinity starts from 0.5 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is LMAX safe to trade with?
LMAX is regulated by FCA and scores 9.5/10 for regulation. Exinity is regulated by FCA, CySEC, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, LMAX or Exinity?
LMAX scores 8/10 for platforms. LMAX offers LMAX Global, while Exinity provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for LMAX vs Exinity?
LMAX requires a minimum deposit of $1000, while Exinity requires $10. Exinity has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.