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  • LMFX Crystal Ball: Predict & Win

    LMFX Crystal Ball: Predict & Win

    • Posted: Jul 11, 2018
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    LMFX always cares about their clients, probably more than any other Forex brokers. They always make sure that the traders at LMFX stay at LMFX.That’s why they have adopted some effective ways to keep the traders engaged and interested in their platform.


    Giving their clients a chance to win a big bonus by participating in contests, investing big in trades, and depositing a good sum, is their way of saying “we want you here, we don’t want you to leave this platform.”


    LMFX has arranged different bonus and promotional offers for their traders. Apart from their Phoenix Recovery Bonus and Deposit Match Bonus, they have a Crystal Ball contest that gives the traders at LMFX a good chance to win a fortune.


    What is Crystal Ball?


    I bet you have seen those glowing crystal balls on movies and TV shows where a fortuneteller sits behind it and cast spells to see your future. No, this is not that type of crystal ball that I’m talking about. You can’t see your future in this crystal ball. But you can guess and that’s what this is about.


    LMFX allows you to guess the closing price of a currency pair for Monday at 12 o’clock midday. By guessing this correctly, any trader can win a bonus. There will be 3 winners, 1st, 2nd and 3rd who will win up to $1,000.


    How is the winner decided?


    Some might say that guessing the exact price is close to important. Yes, that’s true in a sense, but you can get very close to the exact figure if you analyze the data of previous weeks. And shockingly, you don’t have to be precise to win the bonus. You just need to be as close as possible.


    For example, say Larry said British Pound’s price will fall and come close to $1.48 this Monday, John said that the price will be closer to $1.39, Mike predicted $1.52 and Lew guessed $1.2.


    Say the price stood around $1.42 at Monday 12 pm. So, the best guess among John, Mike, Clark, and Larry is John’s $1.39 prediction because his $1.39 is closer to $1.42 than $1.48, $1.52 and $1.2. So, this week’s 1stwinner is John and he will get the $1,000 prize. But there are2 other prizes for the second and third best guess. So, Larry will get the 2nd place and Mike will be 3rd.


    Yes, total 3 bonus, up to $1,000.


    This is just example. It doesn’t have to be British Pounds and Dollars. It can be Euros and Dollars, Euros and Dollars or Dollars and Taka. Any currency you like is open for you to predict.


    In real time trading, the difference is very minimal. Besides, there will be a good number of participants who would like to give it a shot. That’s why it is tough to get the prediction closer to the exact figure. But if somehow you get it right, you win the grand prize of $1,000.


    Who is eligible for this?


    Every trader who registered their mobile number with the LMFX platform is eligible for this contest.


    Yes, you need to have a full LMFX account to participate in the prediction contest. Other information about their contests is on their website.


    For more info, please click here

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  • Accounts at LMFX

    Accounts at LMFX

    • Posted: Jun 22, 2018
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    LMFX is a user-friendly Forex Broker who allows their clients to choose from 3 different account types. Whatever your available capital, appetite for risk, and trading requirement is, LMFX has you covered with their different account types. These include LMFX Premium, Fixed, and Zero account.


    Premium Account


    For retail Forex traders, this Premium account is perfect. Traders can trade as low as 0.01 lots at LMFX. But if they want to go big, LMFX allows traders to trade up to sixty lots in one single trade, which is perfect if you want to take risks and get some profit out of it.


    Advanced trading platforms like Webtrader, Metatrader, and Mobile trading is available. When you open a Premium account, you also get a personal account manager and you automatically qualify for bonus offerings by LMFX.


    Leverage is 1:1000 and no commission on each lot. When you open an account, you just need the minimum amount of $50 to deposit. Once your account is active, you can reload with minimum $25. You can also deposit the amount in Euros.


    60 is the maximum total trade size for this type of account. The number of maximum open trades is 100. Margin call percentage is 50% and Stop out percentage is 20%.


    Fixed Account


    If you prefer trading with fixed spreads, LMFX has their Fixed account for you. This type of account gives you greater control over the trades you make and improves the accuracy while computing positions, thanks to the spread that you get in advance.


    For expert advisors or EAs who operate with the fixed spreads, this account type is most suitable. Like the Premium account, you get a personal account manager and once you open your account, you qualify for LMFX’s bonuses.


    With this account, there is no commission per lot, but the leverage is 1:400. Minimum deposit you need to make while opening a new account is $250. After that, you can reload with a minimum $50 at a time. Maximum total trades size is 75 and at once, you can keep 150 open trades. The amount can be deposited and withdrawn in either US Dollars or Euros.


    Margin call percentage is 30% and Stop out percentage is 15% with LMFX’s Fixed accounts.


    Zero Account


    The Zero accounts offered by LMFX is a low-cost account type for trading that boasts No Markup & Super-tight Spreads, starts from 0.0 pips!


    You can trade on the Interbank spreads with this Zero account offered by LMFX and bring down the cost for trading.


    The competitive commissions start at each 1,000 lot, which is why this account type is ideal for high-volume traders.


    Commission per lot is $4 and leverage is 1:250. When you open an account, you need to deposit minimum $100 and for the second time and onwards, minimum reloading is $50. Like other accounts, when you get started with Zero accounts, you qualify for LMFX bonuses like Phoenix Recovery Bonus and Deposit Match bonus.


    Maximum total trade size is 100 and at a single time, you can have 200 open trades. Account currency is both US Dollars and Euros. Marginal call is 30 percent and Stop Out is 15 percent.



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