- Conditions of LMFX’s 1:1000 leverage
Conditions of LMFX’s 1:1000 leverage
The maximum leverage LMFX offer would be the 1:1000 leverage.
The highest leverage offered is not necessarily applicable to all trading accounts or all financial instruments.
There are some limitations on the leverage by LMFX.
1. Trading account types
LMFX offers the highest leverage 1:1000 only with the Premium account.
Premium account may offer wider spread than other account types though, the account is for High leverage traders.
Fixed account is available with up to 1:400 leverage, Zero account is available with up to 1:250 leverage.
Generally speaking, The premium account is for high leverage trader, Fixed account is for EA traders and the Zero account is for Scalping traders.
2. Financial Instruments to trade
Just like other brokers, CFDs and Precious Metals are available with limited leverage.
So only the Forex currency pairs are available with 1:1000 leverage in the Premium account.
For other trading instruments, LMFX may require fixed margins or you are allowed to use up to 1:100 leverage for trading.
You can find out all the margin requirement conditions in the contract specification table in its official website.
3. Higher Account Balance
Not like other brokers, LMFX does not restrict leverage according to your account balance.
As LMFX is a STP broker, the broker is not taking unnecessarily risks, and traders are allowed to use 1:1000 with any account balances.
4. PAMM accounts
One big merit of using the service of LMFX is that the broker offers stable system and trading server along with the PAMM system.
The PAMM system is available for Master Traders and Investors and if you are a Master Trader, you will need to open an account for PAMM system.
There are three different PAMM account types and they are all different from the normal trading accounts
The leverage is also limited to 1:400 or less, and there are some more conditions regarding to the accounts.
LMFX does not increase margin temporarily
LMFX offers fixed accounts, but the broker does not increase margins(decrease leverage) for trading in any occasions.
As LMFX is a STP broker, the traders can benefit from the free trading environment without extra restrictions.