概要:LBMA, the London Bullion Market Association, is a UK-based international trade association representing the global Over The Counter (OTC) bullion market, established in 1987. It sets market rules and providing price discovery mechanisms. Membership in LBMA requires meeting a set of stringent standards, not just paying a fee. However, LBMA now operates without legal license.
LBMA Review Summary | |
Founded | 1987 |
Registered Country/Region | United Kingdom |
Regulation | Unregulated |
Market Instruments | Precious metals (gold, silver, platinum, palladium...) |
Demo Account | ❌ |
Leverage | / |
Trading Platform | / |
Min Deposit | £1,000 |
Customer Support | Tel: +44 (0) 20 7796 3067 |
Email: mail@lbma.org.uk, ask@lbma.org.uk | |
Physical Address: 1-2 Royal Exchange Buildings Royal Exchange London EC3V 3LF | |
Registered Address: 7th Floor, 62 Threadneedle Street, London EC2R 8HP |
LBMA, the London Bullion Market Association, is a UK-based international trade association representing the global Over The Counter (OTC) bullion market, established in 1987. It sets market rules and providing price discovery mechanisms. Membership in LBMA requires meeting a set of stringent standards, not just paying a fee. However, LBMA now operates without legal license.
Pros | Cons |
Long history of operation | No regulation |
Transparent pricing list | No demo accounts |
Membership fee charged | |
High minimum deposit | |
No live chat support |
LB operates in an environment where details concerning its regulatory status and licensing requirements may not be publicly available or well-defined.
LBMA focuses on precious metal trading like gold, silver, platinum, and palladium. LBMA LBMA also publishes authoritative data and information, such as the fixing prices of gold and silver, which are widely used as reference indicators by financial institutions and investors globally.
Tradable Instruments | Supported |
Precious metals | ✔ |
Forex | ❌ |
Commodities | ❌ |
Indices | ❌ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
Before registering as a member of LBMA, you must pass a qualification test. Once you pass the test, you can apply to be a member. LBMA has five types of memberships, and all applicants must pay a non-refundable application fee of £1,000. After joining the association, members are required to pay an annual membership fee, which may change from time to time. The fees for 2024 are as follows:
Member Type | Fee |
Market Maker | £28,700 |
Full Member Bank/Trader | £18,400 |
Full Member Other | £11,900 |
Affiliate Member – Exchange | £11,900 |
Affiliate Member | £7,100 |
The fees required by LBMA are quite complex. They impose the following charges:
Fees | Gold | Silver |
On application (25% on submission of RSG Audit) (plus VAT at the applicable rate) | £4,000 | £4,000 |
Stage 1: Assay Test (not normally subject to VAT) | £11,940 | £5,500 |
Stage 2: Testing of applicants bars (not normally subject to VAT) | £13,100 | £13,100 |
Total | £29,040 | £22,600 |
An annual maintenance fee of £9,900 per metal or £14,900 if a refiner is listed for both gold and silver.
Please refer to the previous dimension.
The supervising company will charge a fixed fee (US$2,000) for each dip sampling operation witnessed (US$2,300 including bar casting)