About LMAX Exchange
LMAX Exchange is a Financial Services company based in London (United Kingdom) founded in 2007. It operates as a forex trading services are provided via an electronic exchange platform. LMAX Exchange has raised $300.09 million across 4 funding rounds from investors including SVB, J.C. Flowers and Ripple. LMAX Exchange has completed 2 acquisitions, including CB Capital and FX HedgePool. Its chief executive is David Mercer. Its website lmax.com draws about 48 thousand monthly visits. LMAX Exchange offers products and services including LMAX Exchange, LMAX Global, and LMAX Digital. Its focus areas include FinTech, Forex Tech, Foreign Currency Services and Diversified. Its legal entity is LMAX BROKER LIMITED. Its competitors include BookMyForex, Travel Wallet, MultiPass, Finseta and Lumon and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
LMAX Exchange was established in 2007 in London, United Kingdom, as a venue for foreign exchange trading. Operations are centered on an electronic platform that supports institutional liquidity in the forex market. Services include execution of FX trades, order matching, and risk management tools. The firm is regulated in the UK and focuses on transparent, low-latency trading for global participants.
- Total Equity Funding$300.09M (USD)
in 4 rounds
- Latest Funding Round$150M (USD), Debt – Conventional
Jan 2026
- InvestorsSVB
& 2 more
- Investments & AcquisitionsCB Capital
& 1 more
Products & Services of LMAX Exchange
LMAX Exchange offers a comprehensive portfolio of products and services, including LMAX Exchange, LMAX Global, and LMAX Digital.
Platform for global foreign exchange and asset trading services.
Service for cryptocurrency and FX market access.
Platform focused on digital assets and exchange operations.
Apps and channels of LMAX Exchange
LMAX Exchange publishes 2 mobile apps with over 50K+ downloads; its YouTube channel LMAX Group has 2.08K subscribers and 30 videos.
Videos from LMAX Exchange
The most watched videos on LMAX Exchange's YouTube channel, LMAX Group (2.08K subscribers). Click a video to play it here.
More on LMAX Group.
Funding Insights of LMAX Exchange
LMAX Exchange has successfully raised a total of $300.09M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $300.09M
- Total Rounds 4
- Last Round Debt – Conventional — $150M
- First Round $53.51M
(Dec 2020)
- Investors Count 3
All 4 funding rounds of LMAX Exchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $150M | Debt – Conventional | – | – | |
| Feb 2023 | $93,985 | Seed | – | – | – |
| Jul 2021 | $300M | Private Equity Round | – | – | |
| Dec 2020 | $53.51M | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in LMAX Exchange
LMAX Exchange has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, J.C. Flowers and Ripple.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on financial services sector | – | jcfco.com | New York, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
- | – | ripple.com | - |
Investor details for LMAX Exchange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
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People of LMAX Exchange
79 people are tracked at LMAX Exchange (48 in leadership, 31 in team).
| Name | Role | Group |
|---|---|---|
David Mercer | CEO | Leadership |
Rafaela Sandu | Senior People Business Partner | Leadership |
Ilya Khazen | Director, Institutional Sales Americas | Leadership |
Nicholas Klostris | Head Of Operations, LMAX Digital | Leadership |
Michael Lynch | Head Of ETS Operations USA | Leadership |
Sara B | Head Of Operational Risk | Leadership |
Marcelo R. | Head Of Security | Leadership |
Chetan Parmar | Deputy Chief Operating Officer | Leadership |
Franz Schmidpeter | Global Head Of Buyside Sales, LMAX Exchange | Leadership |
Dhanjeet Jadeja | Director Of Quality | Leadership |
Enayet Nayeem | Head Of Financial Crime & MLRO | Leadership |
Andy Phillips | CTO | Leadership |
Tim Turner | Chief Information Officer | Leadership |
Campbell Millar | Chief Operating Officer | Leadership |
James L. | Head Of Property & Workplace | Leadership |
Sidi Jiang | Head Of Broker Operations | Leadership |
Roland White | Global Head Of Institutional Sales At LMAX Exchange | Leadership |
Andre Severi | Head Of Curex EMEA Sales, LMAX Exchange | Leadership |
Arun Sundaram | Head Of FX Data & Analytics Sales, Strategic Partnerships | Leadership |
Jason Huang | Head Of Asia Pacific Sales | Leadership |
59 more people are available in the full profile.
Complete people profiles for LMAX Exchange
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Investments & Acquisitions by LMAX Exchange
LMAX Exchange has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CB Capital and FX HedgePool.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Execution management solutions for forex swaps | fxhedgepool.com | New York, United States | 2018 | Oct 2024 | •••• | |
Financial advisory services are provided to clients by CB Capital. | cbcapital.eu | North Smithfield, United States | 2016 | Jul 2019 | •••• |
Complete acquisition details for LMAX Exchange
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
- Exports
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Timeline of LMAX Exchange
6 dated milestones of LMAX Exchange across 19 years, from founding to its latest funding, stage changes and deals.
- Founded LMAX Exchange is founded.
- Acquisition Acquires CB Capital.
- Funding First funding round of $53.5M.
- Acquisition Acquires FX HedgePool.
- Acquisition Acquires FX HedgePool.
- Funding Latest funding round, Debt – Conventional, of $150.0M.
Competitors of LMAX Exchange
LMAX Exchange has 8 listed competitors in our database, 5 of them funded. They include BookMyForex, Travel Wallet, MultiPass, Finseta and Lumon, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bookmyforex.com | 2011 | Gurugram, India | $5.59M | 231 | Online foreign exchange and remittance services are facilitated in India. | |
| travel-wallet.com | 2018 | Seoul, South Korea | $31.33M | – | Mobile platform for Asian currency exchange and payments is offered. | |
| multipass.co | 2017 | London, United Kingdom | $7.21M | – | Cross-border payment solution for businesses | |
| finseta.com | 2010 | London, United Kingdom | $268,531 | – | Multi-currency accounts and international payment solutions are offered by Finseta. | |
| lumonpay.com | 2000 | London, United Kingdom | – | 99 | Online currency exchange and money transfers are facilitated. | |
| wsfx.in | 1986 | Mumbai, India | – | 357 | Foreign currency exchange and remittance services are offered online. | |
| buyforex.com | 2015 | Mumbai, India | – | 1,461 | Foreign currency is bought and sold via an online platform. | |
| 4xlabs.co | 2011 | Singapore | $1.5M | – | Provides tailored solutions for forex exchange services to meet client needs. |
Detailed competitors of LMAX Exchange
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of LMAX Exchange
The website of LMAX Exchange (lmax.com) receives about 47.8K visits a month and ranks #673,591 among all websites worldwide, #6,589 in Investing.
- Monthly visits47.8K
▲ 4.6% vs previous month
- Unique visitors20.2K
per month
- Global rank#673,591
among all websites
- Category rank#6,589
Finance · Investing
- Bounce rate39%
- Pages per visit2.1
- Average visit39 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with LMAX Exchange. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
armadamarkets.com | armadamarkets.com | 100% | – | – | – |
fastbrokers.com | fastbrokers.com | 97% | – | – | – |
trade.lmaxtrader.com | trade.lmaxtrader.com | 91% | – | – | – |
| lmaxdigital.com | 83% | 22.5K | #1,192,988 | View details | |
forexpeacearmy.com | forexpeacearmy.com | 79% | – | #125,256 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for LMAX Exchange
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Forex Tech
10 companies that operate in the same segment as LMAX Exchange (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 396.83 M | USD 2.71 B | 11,760 | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore, Singapore | USD 1.9 B | – | 2,947 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 546.08 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | – | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – |
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Related news about Lmax Exchange
Complete news archive for LMAX Exchange
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Frequently Asked Questions about LMAX Exchange
LMAX Exchange was founded in 2007 and raised its 1st funding round 13 years after it was founded.
LMAX Exchange is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
David Mercer is the current CEO of LMAX Exchange.
LMAX Exchange is a funded company, having raised a total of $300.09M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $53.51M, raised on Dec 2020.
LMAX Exchange was established in 2007 in London, United Kingdom, as a venue for foreign exchange trading. Operations are centered on an electronic platform that supports institutional liquidity in the forex market. Services include execution of FX trades, order matching, and risk management tools. The firm is regulated in the UK and focuses on transparent, low-latency trading for global participants.
LMAX Exchange's top competitors include BookMyForex, Travel Wallet and WSFx Global Pay.
LMAX Exchange offers LMAX Exchange, LMAX Global, and LMAX Digital.
LMAX Exchange has made 2 acquisitions, including CB Capital, and FX HedgePool.
LMAX Exchange has 3 investors. Key investors include SVB, J.C. Flowers, and Ripple.
LMAX Exchange operates through Lmax Broker Limited.
Yes. LMAX Exchange publishes LMAX Global Trading and 1 more app, with over 50,000 downloads.