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April 15, 2016

Question:What are Conditions of LMFX 100% Deposit Bonus promotion?

Answer:

LMFX 100% Deposit Bonus is one great bonus for any traders, as you can double up your deposit amount in one second and you can even withdraw the whole bonus amount by meeting its trading requirement.

But there are always conditions or requirements for these bonuses and LMFX 100% Deposit Bonus has got some too.

Please make sure that you have read through the Terms and Conditions provided by LMFX regarding to this bonus before joining this promotion.

LMFX Official Website

Here we have summarized some of its main conditions of the promotion.

Minimum Deposit Amount

The LMFX 100% Deposit bonus amount is limited from 100 USD to 3,000 USD for one trading account.

So to be qualified to receive the bonus, you will first need to deposit more than 100 USD in your new trading account.

If you have several accounts opened, you can receive the bonus several times though, in this case the bonus amount is limited to 5,000 USD in total.

*You can not receive more than 3,000 USD in one trading account as a bonus, even if you deposit more than 3,000 USD.

Withdrawal Requirements

After you have received the bonus, you can still withdraw your deposited amount and the profit amount at anytime without any conditions or requirement.

But the bonus amount itself has got some requirements.

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

The bonus amount in USD / 2

For instance, if you have received 100 USD as a bonus, you will need to trade 50 USD to release the bonus amount.

Requesting a withdrawal of any funds from the account before meeting the trading lot requirement, means cancelling all the bonus amount by LMFX.

LMFX Official Website

Standard lot calculation

This is the condition which is a bit tricky as not all the trades can be categorized as a standard lot for this promotion.

The conditions are as below:

  1. 1 lot of Indices, U.S. Shares, Gold and Oil are calculated as 0.1 lot.
  2. 1 lot of UK Shares are calculated as 0.001 lot.
  3. Positions closed within three pips away from the open price will not be calculated.
Please note that these conditions are solely set for this promotion, and LMFX does not restrict any trading methods in its trading platform.

Bonus Cancellation occurs when…

There are three different possibilities that could cause a cancellation of all bonus amount by LMFX, which are:

  1. Withdrawing any funds from the account before fulfilling the trading lot requirement.
  2. Transfer internally any funds from the account before fulfilling the trading lot requirement.
  3. The account balance goes below the bonus amount in the account.(half the whole balance after receiving the bonus)

As long as you follow the conditions, the bonus promotion is available half-eternally until the further notice from LMFX.

You may not be able to join other bonus promotions

Basically if you join this promotion, you can not join other bonus promotions with the same account if specified so in its T&C.

But if you would like to change the bonus plan to another, please contact LMFX support team.

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