LMFX broker discussion

This is a discussion on LMFX broker discussion within the Brokerages forums, part of the Commercial category; Originally Posted by bigmistake I have researched about account and bonus and have a question regarding bonus, can I withdraw ...

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Old Nov 26, 2015, 10:39am   #9
 
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Quote:
Originally Posted by bigmistake View Post
I have researched about account and bonus and have a question regarding bonus, can I withdraw the Phoenix bonus right after my second deposit without trading? both the fund + bonus?
Hello,

The Phoenix Bonus is a unique type of bonus which LMFX offers to its clients. I will write part of the conditions of the Phoenix Bonus below to make the answer to your question as clear as possible.

Conditions of the Phoenix Bonus:
1. The bonus is applied on the first time deposit (FTD).
2. The FTD is defined as being the first deposit or sum of all deposits prior to one (1) trade being placed into
the account.
Therefore you have the following scenarios;
a) 1st Time Period: Client places funds into account. Client will see that in addition to the physical funds
placed in the trading account they have 15% held pending the Phoenix Bonus criteria being met.
2nd Time period: Client places a trade thereby locking the Phoenix Bonus at the levels set.
b) 1st Time Period: Client places funds into account. Client will see that in addition to the physical funds
placed in the trading account they have 15% held pending the Phoenix Bonus criteria being met.
2nd Time Period: Client places a second deposit without placing a trade. This deposit will also be calculated towards the Phoenix Bonus.
3rd Time period: Client places a trade thereby locking the Phoenix Bonus at the levels set.
3. Subsequent deposits being made after the first trade will not receive or be calculated towards the 'Phoenix
Bonus'.
4. The percentage attributed to the Phoenix Bonus is set at the time of the account opening and funding.

In the event that you lose all your trading capital, the Phoenix Bonus will be placed into your trading account on the next deposit (however small) thereby helping you rise again.

So the answer to your question is yes, but prior to that the bonus terms and conditions must be met.

If you have any other questions feel free to ask us here, or contact our customer support.
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Old Jan 4, 2016, 9:23am   #10
Joined Oct 2011
its nice to see an official rep, this broker has a certain positive vibe about them, lets see how it goes.
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Old Jan 4, 2016, 12:37pm   #11
 
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Happy New Year to all forums members! Thanks for the kind words ph_trader. We are doing our best to provide high quality services to our clients.
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Old Jan 11, 2016, 9:24am   #12
Joined Oct 2011
you are most welcome. btw i was wondering will lmfx be offering the mt5 terminal?
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Old Jan 11, 2016, 10:41am   #13
 
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Originally Posted by ph_trader View Post
you are most welcome. btw i was wondering will lmfx be offering the mt5 terminal?
Dear ph_trader,

At some point we will surely add Metatrader 5 to the trading platforms offered by our company. It will be officially announced when the time comes.
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Old Jan 27, 2016, 8:07am   #14
Joined Oct 2011
will be looking forward to it, btw the way will the services be offered to US traders as well?
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Old Jan 27, 2016, 1:19pm   #15
 
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Dear ph_trader,

The services of LMFX are available with no limitations to US traders.
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Old Feb 29, 2016, 10:08pm   #16
Joined Mar 2012
I see that this broker is dead already as the website is down.
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