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April 15, 2016

Question:Is LMFX 100% Deposit Bonus withdrawable? What is the bonus condition?

Answer:

Yes, by meeting its trading lots conditions, you are able to withdraw even the bonus amount from LMFX.

The required trading lots to withdraw the bonus amount is calculated as below.

Required Number of lots = Bonus amount(USD/EUR) / 2

So if you have received 100 dollars as 100% Deposit Bonus, you will need to trade 50 standard lots to withdraw the bonus amount.

After fulfilling the requirement, please contact LMFX support team within 3 months to release the bonus amount so you can withdraw whole amount including bonus all together.

LMFX Official Website

Withdrawing the Original Deposit amount

Although there are conditions that you will need to meet in order to withdraw the bonus amount itself, you are allowed to withdraw the original deposited amount at anytime.

But please note that if you have withdrawn your original funds from the account which you have received the bonus before meeting the trading lots requirement, all the bonus amount will be deducted from your account.

As long as you have met the requirement and notified the LMFX support team, you do not worry about this deduction.

Withdrawing the Profit amount

Besides the bonus amount, you are also able to withdraw the profit amount generated in the trading account which you have received the bonus.

The profit is all yours without any conditions, but please note that if you withdraw partial or whole funds from the account, the bonus amount will be also deducted from your account.(if you have not fulfilled the requirement)

Standard lots conditions

Required trading lots to withdraw the bonus amount is calculated as Bonus amount(USD/EUR) / 2.

To be qualified as a trading lot for this bonus, you will need close a position 3 pips away from the opening price.

You will just need to make sure that you close a position 3 pips above or below the opening price, so if you are not a scalping trader, it shouldn’t be a big problem.

Also, 1 lot trading of Indices, U.S. Shares, Gold and Oil trading will be counted as 0.1 lot, and 1 lot trading of U.K. shares will be counted as 0.001 lot.

For other financial instruments, LMFX will calculate them as normally for this bonus requirement.

LMFX Official Website

Receiving the Bonus in Multiple accounts

You can even open multiple accounts to receive the 100% deposit bonus in each account.

But LMFX has set that the maximum bonus amount will be 3,000 USD for one account and 5,000 USD for several accounts in total.

So you are entitled to receive the bonus several times until the bonus amount reaches the limitation.

No time limits for the requirement

LMFX is running this 100% deposit bonus from September in 2,016.

There is no time limits set by LMFX so you do not need to worry about fulfilling the trading requirement as soon as possible.

The promotion is available until the further notice by LMFX.

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