iSAM Securities Brings LMAX's 24/7 Crypto and Gold Perpetuals to CFD Brokers

Brokers that run iSAM Securities' Apex bridge can now offer LMAX Group's perpetual futures to their clients, iSAM said today (Monday). The 22 contracts cover Bitcoin, Ethereum, gold and 19 other crypto tokens, and they trade around the clock.

The LMAX offer carries leverage of up to 100:1, with funding rates set by the market and applied every eight hours, according to the release. The contracts have no expiry, so a position stays open for as long as margin requirements are met.

LMAX opened perpetuals to institutional traders in September 2025 with two contracts, on Bitcoin and Ether, and lists 22 now. Apex is the fifth bridge or platform route into them that FinanceMagnates.com has reported since December.

London's trading industry is coming home!

Five Broker Routes Since December

Since December, LMAX has put the feed into systems that brokers already use. Gold-i connected first, and LMAX adopted MetaQuotes' Ultency engine for its institutional MetaTrader 5 clients in February.

Spotware's cBridge followed on August 3, routing the contracts into MT4, MT5 and FIX API setups, and FXCubic connected its own bridge on September 14.

By FinanceMagnates.com's count, that makes five routes in about 10 months. iSAM said Apex lets brokers take LMAX prices alongside their existing providers. The connection came five days after Evenox, the former LP Prime, added prices on more than 2,500 instruments to the bridge.

Jenna Wright, managing director for digital assets at LMAX Group, said perpetual futures "have become one of the most actively traded digital asset products."

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The volumes behind that claim are large. The global perpetual futures market has processed more than $60 trillion in cumulative trading volume since 2020, FM Intelligence estimated in March.

Retail Leverage Meets EU Rules

iSAM Securities presented higher leverage as one of two advantages over the crypto CFDs brokers usually offer, saying retail clients get "the leverage rates they expect" while paying market-driven funding.

In the European Union the ceiling is much lower. The European Securities and Markets Authority (ESMA) told firms in February that perpetual futures meeting the CFD definition fall under EU CFD rules, which hold retail crypto leverage at 2:1.

The 100:1 on offer is 50 times that ceiling, and the release named no target markets. Professional clients sit outside the caps, and iSAM's own services are available only to professional investors and not to US persons, according to its disclaimer.