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