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
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