-----Join us now & Save!------

LBM has more than 145 member companies in more than 20 countries around the world. These companies include financial institutions, mining, refining, transportation, trading, insurance and manufacturing companies, and they all enjoy a lot of benefits after becoming LBM members.

-----Member Benefits

LBM members gain insight into the market and work with us to shape the future direction of the industry. Members gain access to professional knowledge, resources and advice. Members can help us improve industry standards and develop markets. Members can also optimize their business networks through knowledge, connections and professional skills.

Full membership of LBM is open to companies located in the UK and overseas. Each full member must be engaged in business activities closely related to the London gold market. These activities include trading, brokerage, transportation and storage, mining, refining, inspection and analysis, and research. For companies engaged in gold and derivatives trading, this means that they need to have trading transactions in gold and derivatives (forwards and options) with at least three existing members of LBM within the Loco London market. Individuals are not allowed to become members.

-----Application conditions

Companies wishing to become LBM members must be invited by an LBM member as a guarantor when submitting an application. The LBMA member acting as a guarantor must have a gold trading relationship with the applicant company for at least one year. LBM requires each guarantor company to provide referee information to confirm the extent of their gold trading relationship with the applicant.

LBM members can trade under the Terminal Market Directive (TMO). In the UK, silver and non-investment gold remain under the jurisdiction of the TMO under an agreement reached between HMRC and the LBMA. The regulation is a simplified mechanism that does not levy VAT on goods sold regularly on the market.