Membership
How to Join
Complete an online application, providing three Members as attesters to support your application.
You can apply to join LBMA by completing an online application form via the MyLBMA portal. You will need to provide three current Members, with whom you’ve had a bullion-based business relationship for at least one year, as attesters. They must each provide a letter of recommendation, confirming the nature and relationship of their relationship with you.
Details of the full application process and Members obligations can be found within the Rules for Members. For more information, guidance or support, please contact us at membership@lbma.org.uk.
Fees
All Applicants must submit an application fee of £1,000 (plus VAT if applicable). Please note this is non-refundable.
On admittance to the Association, an annual subscription is payable. Since membership runs from 1 January to 31 December, subscription fees will be adjusted pro-rata throughout the first Membership year. This subscription fee must be paid before the publication of any admittance decision is made. This annual subscription fee may vary from time to time. The fees for 2024 are as follows:
| Membership | 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 |