LMAX Global vs XTB: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeLMAX GlobalXTB
Licence Score61Moderate75Strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record26
1 FCA United Kingdom LicensedLicensed
2 CySEC Cyprus LicensedLicensed
2 FSCA South Africa —Licensed
2 DFSA United Arab Emirates —Licensed
2 KNF Poland —Licensed
4 FSC (Belize) Belize —Licensed
Founded20102002
HeadquartersUnited KingdomPoland
TypeForex & CFD brokerMulti-asset broker
Publicly listedNoWSE:XTB
PlatformsProprietary, MT4Proprietary
Minimum deposit—No minimum
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Frequently asked questions

Is LMAX Global or XTB better regulated?

XTB has the higher Licence Score (75 vs 61), based on the number and tier of licences, operating history and public listing.

Which regulators license both LMAX Global and XTB?

Both are matched to licences from FCA and CySEC.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.