No there is no requirement for withdrawing the 15% Phoenix Bonus amount.
Once the bonus amount is credited into your account, you are entitled to use the bonus amount for trading or withdraw it from the account immediately.
Phoenix Bonus is to rise up again
It is necessary to lose all your funds or reach stop out level in a trading account to receive the 15% Phoenix Bonus.
You do not need to lose your funds intentionally though, it is one of the criteria of the bonus.
100% Deposit Bonus and 15% Phoenix Bonus
There are two deposit promotions run by LMFX and they are both available together in one account.
100% Deposit Bonus
To receive the 100% Deposit Bonus, you just need to deposit more than 100 USD for the first deposit.
The bonus amount is from 100 USD to 3,000 USD for one account.
In case you have several accounts, you can receive up to 5,000 USD in total.
To withdraw the bonus amount, you will need to trade certain required trading lots, which is calculated as follows:
The required trading volume to withdraw the bonus = The Bonus amount / 2
15% Phoenix Bonus
15% Phoenix Bonus is in another world 15% Re-Deposit Bonus, which you can receive by making a second deposit.
The process of receiving the bonus is:
- Your account reaches stop out level or zero account balance
- Making a second deposit and place a trade
- 15% of the first deposit amount will be credited in the account
There is no maximum or minimum bonus amount for this promotion.
The First Deposit Amount is important
Please note that the bonus amount for both promotions(deposit bonus and phoenix bonus) depends on the first deposit amount.
Any deposits after the first one do not affect bonus amount at all.
So you may want to make a larger deposit at once for the first time, so you can benefit from promotions more.
*Please do not invest more than you can afford to lose.