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