Question:Does LMFX allow scalping, EA or Arbitrage? Any restrictions on trading method?

Answer:

LMFX has got no restrictions on its trading platform, MT4.

So you are allowed to trade Scalping, Hedging, EAs/Algorithm Trading and etc.

But please note that Arbitrage trading is not allowed by LMFX, and LMFX has the right to cancel profits generated on by the illegal trading method specified in its Terms and Conditions.

LMFX Official Website

Arbitrage is not categorized as trading

There may be no broker which allow arbitrage trading unless they have got some other restrictions, as the arbitrage trading is no categorized as a trading taking risks like others.

There are some types of arbitrage trading, but all of them are abusing a trading system and conditions to give advantage to a trader.

Arbitrage using swaps

Typical arbitrage traders tend to utilize the difference of swap rates between brokers.

As in buying a positions with high swap credit in one broker and selling a position with low swap charge in another broker.

In 2016, it has become a talk of the industry about the Chinese trader group trading arbitrage and some brokers have cancelled profits of theirs.

Actually cancelling profits of traders have been occurred many times before by several brokers, as the brokers have mentioned that the traders were trading arbitrage, so it is not a rare thing to happen.

Arbitrage using Bonus Promotions

Arbitrage trading to abuse bonuses are strictly restricted and monitored by brokers.

In case of LMFX, as the broker has smartly organized the condition of the promotions, it is hard for traders to trade arbitrage though, arbitrage trading abusing bonus promotions is still not allowed in LMFX MT4.

LMFX will assess your trading accounts if you have traded by following the conditions or not when you request for a withdrawal.

LMFX Official Website

LMFX is a STP broker

LMFX is providing its service as a STP broker.

This means that there is no conflict of interest between traders and LMFX, and LMFX does not restrict any trading methods on its platform.

LMFX may take risks by providing OTC service to traders, but the broker mentions that it restricts only arbitrage trading to abuse its system and conditions.

LMFX is happy to help traders earn more

When it comes to being a profitable trader, LMFX may be the one of the best choice for you.

As LMFX offers:

  • STP trading environment without any trading method restrictions
  • 100% Withdrawable Deposit Bonus(with trading lot requirement)
  • 15% Withdrawable Re-deposit Bonus(without any requirement)
  • PAMM system for traders and investors
  • Demo and Live trading contest to earn real money

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