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