The process of receiving the bonus amount is really simple.
Please follow the steps below.
1. Open an account and register for LMFXConnect
It is the normal account opening process you will need to go through.
You will also be required to submit documents(ID and Proof of Address) to verify your documents.
2. Deposit more than 100 USD
The first requirement to be eligible for the promotion is to deposit more than 100 USD for the first time.
The bonus amount is limited from 100 USD to 3,000 USD for one trading account.
You can receive the bonus several times and in case you receive it in multiple accounts, the maximum bonus amount will be 5,000 USD.
3. Fulfill the trading lot requirement
You can withdraw the original deposit amount and the profit amount you have generated in the account as anytime, but there is a required trading lots for withdrawing the bonus amount itself.
The required trading lot will be calculated as:
Trading lot requirement = The bonus amount in USD / 2
If you make a withdrawal before meeting the requirement, the bonus amount will be deducted from the account so you can withdraw only the originally deposited amount and the profit amount.
Please note that trading of some financial instruments are calculated differently.
*For U.K. shares, 1 standard lot is calculated as 0.001 lot for the bonus promotion.
4. Request for the bonus to be released
You will need to request for the bonus release to LMFX support team within 3 months after the fulfillment of the requirement.
There is no time limits to fulfill the trading lot requirement, but you can take as long as you want to trade the required lots.
But you just need to make sure that you notify the LMFX support team that you have traded the required lots within 3 months after the fulfillment other you will not be able to withdraw the bonus amount later.
The 100% Deposit Bonus Promotion is available until further notice from LMFX.
5. Withdraw whole amounts at anytime
After fulfilling the requirement and notified the support team of LMFX, the bonus amount will be available as your funds and withdrawable as anytime.
Please note that if have not met the requirement yet, the bonus amount is only available as an extra credit/margin for your trading.
3 pips rule of the Promotion
To be categorized as a trading lot for the promotion, you need to open and close a position 3 pips away.
Meaning that if you close a position at the price within 3 pips from the opening price, that trading volume will not be calculated for the promotion.
Also don’t forget that some financial instruments are subject to different lot calculation for the promotion as mentioned above already.
To check the amount of trading lots qualified for the calculation of promotions.
1. Please go to “Profile” in LMFXConnect.
2. Then go to “Phone Validation” and you will see the “Bonus Progress”.