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April 15, 2016

Question:I couldn't receive the full amount of LMFX 100% Deposit bonus. Why is that?

Answer:

LMFX has set the maximum limitations on the bonus amount of 100% Deposit  Promotion.

The limitation is

  • 3,000 USD for one account
  • 5,000 USD for multiple accounts in total

So you can not receive more than 5,000 USD in total.

Receiving the Bonus in multiple accounts

As long as you deposit more than 100 USD in a trading account for the first time, you are entitled to receive the bonus and double up your deposit amount.

As LMFX offers 3 different account types, you can open all 3 of them and receive the bonus accordingly.

Please note that if you make a withdrawal or internal transfer before fulfilling the trading lots requirement, the bonus amount will be deducted from your account.

LMFX Official Website

Requirement for Bonus withdrawal

There is no requirements for withdrawing the original deposit amount and the profit amount generated in the trading account where you have received the bonus.

But withdrawing the bonus amount itself from LMFX, you will need to fulfill certain trading lot requirement to withdraw.

The required trading volume will be calculated as the bonus amount(USD) / 2 = required lots.

If you withdraw the any funds(even partially) before fulfilling the requirement, the whole bonus amount will be deducted from the account.

Also before fulfilling the requirement if you lose half the account balance in your account, LMFX may deduct the whole bonus amount.

Scalping is not supported for the promotion

LMFX does not restrict any trading methods on its trading platform including scalping though, to be qualified as a trading lot for the bonus, you need to close the positions 3 pips away from the opening price.

Scalping itself is supported in LMFX MT4, but not for the bonus requirement calculation.

LMFX Official Website

Request for the withdrawal within 3 months

Please note that you will need to request for releasing the bonus amount to LMFX support team within 3 months after fulfilling the trading lot requirement.

Otherwise, you will not be entitled to receive the bonus amount and withdraw.

The process of withdrawing the bonus amount

To summarize the withdrawal conditions, you will be required to do:

  1. Deposit more than 100 USD as a first time deposit(3,000 USD is the maximum amount)
  2. Trade certain trading lot requirement(required lot = bonus amount / 2)
  3. Contact LMFX support team to release the bonus
  4. Withdraw the whole amount(deposit amount and bonus amount) anytime

Please note that for some financial instruments, standard lot calculation is different for this bonus promotion.

*Indices, U.S. Shares, Gold and Oil = 10 standard lots = calculated as 1 lot for the promotion.
*U.K. shares = 1,000 standard lots = calculated as 1 lot for the promotion.

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