We are making some changes to the LMX platform to make your life easier. As a result, we are updating our Terms of Service to reflect these changes.
Specifically, the standard LMX platform transaction fee will change from 10% (capped at $2,000), to a 5% fee, with a $1,000 minimum and no cap. As a result, platform fees for transactions between $10k and $40k will be cheaper.
These revisions will go into effect on September 30, 2019, and your continued use of LMX will confirm your agreement to these terms. All existing listings will automatically switch to the new fee structure on September 30, 2019. If you do not wish to have your listings on LMX reflect the new fee, you can simply remove your LMX listings from the platform before September 30, 2019.