- How to get LMFX 100% Bonus and 15% Phoenix Bonus together
How to get LMFX 100% Bonus and 15% Phoenix Bonus together
Yes, the bonus promotion offered by LMFX, 100% Deposit Bonus and 15% Phoenix Bonus are available together in one trading account.
You will need to receive 100% Deposit Bonus first then the 15% Phoenix Bonus later.
The process of receiving two of them bonuses would be as follows:
1. Open a real (live) account with LMFX
There are 3 different account types offered by LMFX and all of them are eligible of joining both of the promotions.
You are able to receive 100% Deposit bonus in several accounts up to 5,000 USD in total, but the Phoenix Bonus is available only once per client, so you may want to decide one account to receive both bonuses and deposit more amount than others.
2. Making the first time deposit
The amount of the FTD will decide the amount of the bonuses you can receive.
Generally speaking, more you deposit more you can benefit from the promotions.
Please note that any deposits after the first time will not affect the amount of bonus(100% Deposit bonus & 15% Re-deposit bonus).
For the list and conditions of fund deposit and withdrawal methods for LMFX, visit the page here.
3. Receiving the 100% Deposit Bonus
In order to be qualified to receive the bonus, you need to deposit more than 100 USD for the first time deposit.
The bonus amount is limited from 100 USD to 3,000 USD.
To release the bonus amount itself, you will need to trade the following calculated lots:
The required trading lot = The bonus amount / 2
Even if you have not fulfilled the requirement, you are still able to receive the 15% Phoenix Bonus.
4. Reaching Stop Out % or Zero account balance
There is no need to lose all your deposited funds, but it is one of the criteria of the 15% Phoenix Bonus.
In order to receive the 15% Bonus, you will need to lose all your funds to zero or reach the stop out level in the account.
5. Making second deposit
The amount of the second deposit does not affect the amount of 15% Phoenix bonus, so you can deposit any amounts you want.
After making a second deposit, the Phoenix Bonus amount will be pending on your account but not confirmed yet.
The second time deposit is solely required for LMFX to confirm that the trader is coming back to start trading again.
6. Placing a trade
By placing a trade in the account after the second time deposit, the 15% of the first time deposit amount will be credited into your account.
The bonus amount is available for withdrawal at anytime and also used for trading.
Please note that the Phoenix Bonus is available only once per trader, but 100% Deposit Bonus is available until the bonus amount reaches the maximum limitation which is 5,000 USD in total.