Funding Methods at LMFX

LMFX is very transparent about their funding methods. They also have quite a few methods for their clients so that they can choose anyone that they see fit.

Today, I’m going to talk about these funding sources.

Wire Transfer

Wire Transfer, also known as Credit Transfer or Bank Transfer is one of the easiest ways to add funds to your LMFX trading account.

This is a popular method for electronic funds transfer. Wire transfers are usually used for sending funds from one person or entity to another person or entity. This transaction can be made from one account to another account or even a cash transfer from a cash office.

Although it is a secure method of adding funds to your LMFX trading account, it can take up to 15 days to reach your account. However, most transactions are completed between 2-3 days. Still, it is way too long than other funding methods that LMFX offers.

Another drawback to this funding method is its minimum limit for each transaction. You cannot add funds less than 250 USD or the equivalent EUR. The minimum amount for each transaction is 250 USD however, there is no fee for the deposit, whether it is 250 or 2,500 USD.

Visa Card

Visa Inc. or Visa is an American Multi-National Financial Services Corporation that facilitates transfers of electronic funds. My bet is you’ll find a Visa powered debit card, credit card or gift card in your wallet.

LMFX allows you to add funds through Visa enabled cards. This is secure and much faster than wire transfers. It doesn’t take days to reach, only minutes. Visa fund transfers usually get transferred to your LMFX trading account within 30 minutes.

Besides, minimum limit for each transaction is not at high as wire transfers. A trader can add funds to his/her account, starting from as low as 50 USD. Besides, you don’t need to go to a bank or cash office physically. Every transaction from your Visa cards can be processed from your home. And like any other funding method, it won’t cost you a dime for depositing funds into your LMFX trading account.

MasterCard

Like Visa, MasterCard is another American Multi-National Financial Services Corporation, which processes payments between the bank of merchant and the card issuing bank or the credit union of a buyer.

MasterCard also allows you to add transfers to your trading account within a matter of minutes. The minimum funding amount is 50 USD or its equivalent EUR. It takes maximum 30 minutes to reach your account.

Skrill, Neteller, FastPay, and VLoad

Skrill, formerly known as Money bookers, Neteller, FastPay, and VLoad are all online payment processors. These processors work from any place in the world and the transactions are almost instantaneous.

You get the funds in your account as soon as the payment is made. The minimum amount of deposit is 50 USD or equivalent EUR and it won’t charge any you any fees upon the transaction.

This is perhaps the best funding method offered by LMFX. It is instant and you can add the funding from any place in the world, without paying a single penny.

For more info, please visit : LMFX broker review

Learn and Earn Contest at LMFX

Trading has risks. You can’t deny that. But for the return you get, the risk seems legit. But what if I tell you that you can trade without any risks and the return will be solid? Hard to believe, right?

If someone said to me that I could trade without any risks and get a genuine return, I wouldn’t believe him.

But LMFX is giving you this opportunity for real. And if you are wondering why there is no risk, it’s because you’ll be trading with your demo account. But the return you get from trading with your demo account is genuine. So, if you are new to trading and want to sharpen your trading skills, LMFX’s Learn and Earn Contest is for you.

How “Learn & Earn Contest” works? 

After you register at LMFX, you will be delivered a 100,000 USD deposit to your demo account for trading. Each round will start from the company’s first working day of that month at 00:5:00 server time. The round will end the last day of that month. If the day is by chance the company’s working day, then the calculations will be done by taking the prices displayed exactly at 23:59:59 server time. But if the last day of the month is a weekend, the closing price will be the prices of Friday 23:59:59 server time.

All the registered traders will trade via their Demo trading account using the virtual deposit till the round ends.

Winners

After the round closes, all the traders’ performance will be evaluated. Then the top 10 traders will be announced on the contest homepage. Among them, the best three traders will be rewarded with the following amount. First trader and the winner of the contest will get 1,000 USD as reward. The first runner-up or the second placeholder will get 500 USD as rewards. Third reward will be awarded to the second runner-up. He will get 250 USD.

If you are a winner, how will you know? 

The traders or participants who won the contest, the first, second and third placeholders will be notified by the LMFX Connect Account.

How and When will the reward be available? 

Winning amount will be distributed in USD and the funds will be available as the winner’s trading funds within 2 days from the moment you get the winner’s notification. The amount will be applied to the no-bonus type trading accounts only.

But if the winner doesn’t have a no-bonus type trading account, he will be given a chance to create one. 

How can I use the reward funds? 

The prize fund is trad able. Traders cannot withdraw the amount. They can only use this amount to trade. But if any trader at LMFX tries to withdraw any profit from his/her no-bonus type trading account that has had any contest, prize money or any non-with draw able amounts, the entire balance (or value) of such funds would be removed.

So if the trader wishes to withdraw funds from the no-bonus trading account, he/she will have to close all the trades. Only then can the trader withdraw without losing the bonus or prize funds.

For more info, please visit : LMFX broker review

Trading Tools at LMFX

Trading tools are blessings for traders and LMFX has blessed their traders with a bunch of these.These Forex calculators are essential; enabling trading to have comprehensive statistics on their trades.

By using these trading tools, a trader can easily estimate his/her profit or loss on the trades. Also, they can evaluate the margin requirements needed for secure trading. Besides, calculating the impact of particular positions with the different sizes is also easy with these trading tools.

Here are some of the most notable trading tools that are available at LMFX.

1. Fibonacci Calculator

By entering the low and high in their places, a trader can quickly calculate 4 basic Fibonacci support & the resistance retracement value at 61.8%, 50%, 38.2%, and 23.8%.

2. Pivot Point Calculator

A trader needs to input the current open price, close price, low price and the high price to successfully calculate Floor, Camarilla,DeMark’s, and Woodie’s pivot points. This will also give you the support & the resistance level.

3. Position Size Calculator

This is a free Forex tool that lets a trader compute the size of positions in lots and units for efficiently managing the risks. This calculator works with almost all of the currency pairs & crosses. For computing, a trader must input the account currency, account leverage, currency pair, and the volume or margin. If a trader wants to calculate the margin, he/she needs to input the volume. But when the traders need to compute the volume, the value of margin should be inputted.

4. Pip Value

By inputting the Account currency, the currency pair and the Position units, size, a trader can calculate the pip value.

5. Risk & Reward

Based on a trader’s Fibonacci retracements from the local bottom and peak, the risk & reward calculator can help the trader to compute the position’s best and suitable targets with their each rewards-to-risk ratios. This calculator is a very powerful and helpful tool for identifying the potential risks before the trader enters any position.

Fibonacci retracements (0.618 and 0.382) are determined to form the stop-loss, target,and entry levels. It is better for traders to enter the positions if and only if C, i.e. Current price is closer to 0.382 Fibonacci level.

6. Risk Percentage Calculator

In trading, knowing your risks is a must before you proceed. That’s why it is one of the most important trading tools that LMFX offers to their clients.

To calculate the lot size, a trader needs to input account balance, account currency, a percentage that he is willing to risk,the currency pair, stop loss price and open price.

7. Multitarget Calculator

This is another interesting tool for trading. It helps a trader to plan and execute the specific portion of the positions that should be closed at certain target levels to get the most profiting return-to-risk ratio.

Conclusion: Trading tools are developed for reducing the stress that involves calculation of different factors that are related to trading. LMFX thought this through and that’s why the Forex traders at LMFX are enjoying these amazing trading tools.

LMFX Premium Account, Is it for you?

LMFX has auser-friendlyplatform and account types that suit any trader who is either new to the Forex trading or highly experienced in this type of trading.

LMFX tailored their accounts in a way that it can meet all the trading needs of a retail Forex Trader. Besides, with their minimum trade size, which starts at 0.01 lots, this extremely competitive account offers a trader the flexibility in trading up to sixty lots in one single trade.

No matter who you are or whatever you do, LMFX has got you covered.Their account types are plannedin a way that everyone gets what they want, in the most convenient way possible.

LMFX offers 3 types of accounts, Fixed account, Zero account, and Premium account.

Today, I’m going to talk about the Premium Accountonly.

Premium Account at LMFX 

By opening this premium account, a trader can trade Forex, CFDs, Indices, Commodities, Shares, Stocks, Precious metals through this trading platform.

Basically, the premium account at LMFX offers a model of ECN execution where maximum leverage is exactly 1:1000 and the spread is variable from one pips.

Choose USD or EUR as the base currency of your account. After opening your account, you need to deposit at least 50 USD or its equivalent in Euros.

The premium account at LMFX adopts the Negative Balance Protection, which ensures that a trader doesn’t lose more than what he or she deposits. In Premium accounts, the margin call is 50 percent and the stop out is adjusted to 20 percent so that all your positions automatically close when the margin levels go down to 20 percent.

Features of Premium Account at LMFX

Advanced Trading Platforms:For using LMFX with ease, all the trading options are available in WebTrader, MetaTrader, and Mobile Trading platforms. Now the traders can get involved with the platform from any device and from any place around the world.

Flexible Bonuses: LMFX knows how to treat their clients. They have two different bonuses offered with their Premium account. Once you open a Premium account at LMFX, you are automatically eligible for the Phoenix Recovery bonus and Deposit Match bonus.

Personal Account Manager:Clients at LMFX are provided with their own personal account manager.

And many more benefits.

How to Open a Premium account at LMFX.

1. First, a trader must fill out a form. After filling the First name and Last name section, a trader needs to select his/her country from the pop-out
2. Then he/she needs to put on his phone number without the country code.
3. After that, the trader needs to fill out their email.
4. Selecting the Date, Month, and Year will be his next step.
5. Then the trader needs to select his currency, which he will use for depositing and withdrawing.
6. The trader will be asked to answer a security question, which is a small math problem.
7. After putting the right answer, the trader must tick on the “I accept the Terms and Conditions.”Hit “Register Now.”

Once you are done registering, you‘ll be prompted to a thanking message where you’ll be asked to check your email for next steps. Just follow the instructions and you’ll have your own LMFX Premium Account in no time. It’s ready for trading at once.

For more info, please visit : LMFX broker review

Is it worthmoving to LMFX?

Forex trading platforms are increasing like crazy. You can’t name all of them in one night. Honestly, I tried but couldn’t.

Ever wondered why there are so many trading platforms on the Cloud?

The actual question should be how all these platform are surviving all at once?

The answer is, each one of them has something special to offer. But only one in a dozen can do so. Otherwise I’d have told you that I couldn’t finish counting all the trading platforms in one week or a month.

There are only some special ones who never disappoint their traders and always keep them occupiedwith new products and features and LMFX is one of them.

Traders all over the world are in constant search of profitable and reliable broker for Forex trading, which is why they tend to shift from one platform to another. If he is not satisfied with the platform ortheir services, he will definitely move.

This is why traders are moving towards LMFX. They are sensitive about their client’s satisfaction and keep them engaged with new and advanced features for trading.

But is it worth heading towards LMFX?

Comprehensive Training or educational material

Some might have years of experience with other manual or digital platforms and some might be completely new in this world. Some traders may have gone through every single detail and platform guide to ensure he’s up-to-date and some newbies may be completely stronger about how things work here. That’s why, having a knowledge base for the trading platform is must. And so far, LMFX has done an excellent job sharing the educational material to their clients.

This is one the main reason why people are fond of this broker so much.

Anything you are confused about, is on their site to study and get-to-know.

Leading MT4 desktop and mobile platform 

Take advantage of their wide range of services and products, including a wide variety of tools, industry-leading MT4 desktop and mobile platforms, in-depth analysis of Daily Market and several other instruments.

In-depthregular market analysis

It’s not possible to go through the market data every day and reach to a conclusion. So, the best thing to do is to look for some place or someone who did the analysis and made it available to you for study.

LMFX does that for you. You get the market analysis with proper figures every day. So, you don’t need to go through all market data, trying to figure out what investment will be more profitable.

Multilingual Support 

In any situation, you can contact customer support. Their support is now available in different languages so that LMFX can cover most of the regions in the world and give native support.

Generous bonuses

One of the best thing about LMFX is they are pretty generous when it comes to giving you a little additional edge. The promotional offers are not only about the rewards. It also proves that LMFX cares for you and is ready to shower you with their promotional offers. And it would be a shame to miss those.

For more info, please visit : LMFX broker review

The LMFX Deposit Match Bonus

Among all the various bonus programs offered by LMFX is the Deposit Match Bonus program. This offer provides you with a flat bonus on the amount you initially deposit into your account once all the conditions pertaining to the bonus have been agreed upon and fulfilled. And that is what sets this bonus program apart, it is a risk-free 100% bonus added to your account as soon as you are eligible. As these funds cannot be lost, it helps to leverage your account as well.

How does the bonus work?

In order to get the bonus amount that has been applied to your account once the initial deposit has been made, there are some conditions you need to fulfill. After the initial deposit, you will be given a set number of deals to complete, called lots. The number of lots you get is about half of your initial deposit/bonus amount. For example, if you have deposited $400 into your account, your bonus sum amount is also $400, therefore, the amount of successful deals you need to complete is exactly 200.

As soon as you complete the number of allocated lots, you have to email LMFX support. Afterward, your account is checked and you can now withdraw your bonus amount at any time within a three month period. However, failing to claim the bonus during that time will cancel it altogether.

Once the conditions have been met and you have emailed LMFX support, your account is checked and the bonus amount which matches your initial deposit can be claimed within three months. However, failure to do so will cancel your bonus. Furthermore, you must be wary of two things.

Things to be wary of when applying

There is no set amount of time within which you need to complete the required trades to receive the bonus. However, you must never allow the balance in the account to go below the Deposit Match Bonus amount. If you do so, the bonus is automatically terminated. Furthermore, withdrawing any amount for the account will result in an automatic deduction from the Deposit Match Bonus amount. This is done proportionally and is applied to previously claimed and awarded bonus amounts as well.

The Deposit Match bonus is only applied to deposits greater than $100 and the maximum amount is $30,000.

You can use the bonus amounts for credit purposes if you do not meet the set trading requirements.

How to receive the bonus?

After opening a real or live account with LMFX, you will need to register for the promotion. And then, after making the first deposit, the bonus is applied to your account and the initial deposit is doubled. Finally, you must trade the required lots and withdraw the bonus.

Conclusion

The bonus is a great advantage for new traders looking to get a head start with LMFX, as it not only allows you some credit to trade, it encourages a larger investment that helps the client in the long run.

For more info, please visit : LMFX broker review

LMFX’s Phoenix Bonus

The Phoenix Recovery Bonus offers LMFX clients who are making a first-time deposit into their account a sort of financial safety net, which, as the name suggests, helps you rise again. When you make a first-time deposit, your Phoenix Bonus Account will receive a pending amount of funds which are calculated from a percentage of your initial deposit amount. This serves as a safety because, in the unfortunate event you lose all your trading funds, some of it is returned to you through this bonus the next time you make a deposit.

Some of the conditions to be wary of:

This bonus is only applied to your first-time deposit. However, your first-time deposit is not completed until you make a trade from your account. This means that, until your first successful trade, all of the prior deposits are counted towards your initial deposit. And, any subsequent deposits made after a trade has been made from the account will not be counted towards the Phoenix Bonus.

Furthermore, the percentage of Bonus you get using the Phoenix Bonus program is agreed upon at the time of opening the account. LMFX does, however, reserve the right to change the percentage applied and so the percentages may vary.

Clients should be aware that, even though they are allowed to have other accounts enjoying other bonus program benefits, they are only allowed to have one account under the Phoenix Bonus program. If a client is discovered to have multiple accounts registered under the Phoenix Bonus program, all pending bonus amounts will be terminated from all the accounts.

Finally, if an account is awaiting activation for the Phoenix Bonus program, and a withdrawal is made from the account before the conditions for the bonus are met, the Phoenix Bonus is removed from the account and it is no longer eligible.

The procedure to set up your account properly:

Some of the key steps to ensuring you can enjoy the full benefits of the Bonus program include:

• After your first deposit, you will see you have a 15% pending on your account calculated from the amount you deposited.
• If you deposit more funds into the account without placing a trade, the pending amount held also changes accordingly.
• Finally, after you place a trade, the Phoenix Bonus amount is locked and you get 15% of the total initial deposit held pending to your account.

Conclusion:

The bonus serves as a great way for clients to invest more confidently, as they do not have to worry about starting over from scratch in the event they lose all of their trading capital. Instead, as soon as the amount in their account hits zero, the next time they make a deposit, an amount dependent upon their previous initial deposit is returned to them ready for withdrawal or more likely, to be used in more trades in the future. The bonus is usually activated as soon as the next day, so it is quick as well as effective.

For more info, please visit: LMFX broker review