LMFX broker discussion

This is a discussion on LMFX broker discussion within the Brokerages forums, part of the Commercial category; Originally Posted by andrewML on the other hand the phone verification bonus is withdrawable if im not mistaken, i think ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 31, 2016, 11:04am   #31
Joined Nov 2013
trade2bpro started this thread
Quote:
Originally Posted by andrewML View Post
on the other hand the phone verification bonus is withdrawable if im not mistaken, i think there is something about a 3 lot traded but thats it..
3 lots to withdraw 30$, sounds good. Most brokers offering 100% bonus and the required volume = the bonus amount. 100 lot for $100 bonus, very difficult
trade2bpro is offline   Reply With Quote
Old Jun 9, 2016, 11:15am   #32
Joined Oct 2011
yeah its a good deal really, good marketing i would say i mean its acceptable. and the broker so far has been consistent in doing well
ph_trader is offline Software vendor   Reply With Quote
Old Jun 21, 2016, 11:12am   #33
Joined Nov 2013
trade2bpro started this thread i've just checked the conditions of Phone Bonus, seems you have to deposit an certain amount and trade fully 3 lots to acquire it.
trade2bpro is offline   Reply With Quote
Old Jun 22, 2016, 9:14am   #34
Joined Oct 2011
of course its not a free bonus, its for existing accounts, ill check with support and clarify
ph_trader is offline Software vendor   Reply With Quote
Old Jun 24, 2016, 10:07am   #35
Joined Feb 2016
Quote:
Originally Posted by trade2bpro View Post
If the bonus is only tradeable, assume it's 1000$ and I make profit of 200$. So can I only withdraw 200$ and leave 1000$ forever?
I think 1000$ will remain in your trading account and whatever you will earn on it as profit can be withdrawn.. IMO! As i haven't won that prize money as yet but quite hopeful every time as it is a weekly contest.
progix is offline   Reply With Quote
Old Jun 28, 2016, 9:22am   #36
Joined Oct 2011
there is a certain condition i guess to withdraw the 1000.. a certain number of lots of im not mistaken, then it can be withdrawable. but the good thing is though its bonus, it does provide conditions to be able to earn more, like you can do more with a 1000 account rather than simply trade with 200. and so on..
ph_trader is offline Software vendor   Reply With Quote
Old Jun 28, 2016, 10:31am   #37
Joined Aug 2012
Quote:
Originally Posted by andrewML View Post
Not regulated ? I couldn't find any information about your company.Your website is down.Where are you located?
Not regulated and 1:1000 leverage ... h.....m must be good
Market Maker model also? even better
moka2 is offline   Reply With Quote
Old Jun 29, 2016, 11:15am   #38
Joined Oct 2011
as long as we earn and make money, then its good, as traders thats what we aim for right?
ph_trader is offline Software vendor   Reply With Quote
Old Jun 29, 2016, 1:41pm   #39
Joined Aug 2012
Quote:
Originally Posted by ph_trader View Post
as long as we earn and make money, then its good, as traders thats what we aim for right?
NO PH

What god is so called winning if
a) There is a risk that your deposit is at risk because there is no "Client Money Protection"
b) The results can't be independently verified ( just the way you can verify on major exchanges)/ Lack of transparency


When there are better regulated exchange traded products why bother with OTC market maker ( hope you know what I mean by these two terms)
moka2 is offline   Reply With Quote
Old Jul 1, 2016, 2:29pm   #40
Joined Jun 2016
Quote:
Originally Posted by moka2 View Post
NO PH

What god is so called winning if
a) There is a risk that your deposit is at risk because there is no "Client Money Protection"
b) The results can't be independently verified ( just the way you can verify on major exchanges)/ Lack of transparency


When there are better regulated exchange traded products why bother with OTC market maker ( hope you know what I mean by these two terms)
Look at so called Regulated brokers that have ran away with peoples deposits and nothing has happened..
Aiman is offline   Reply With Quote
Old Jul 2, 2016, 2:09am   #41
Joined Aug 2012
Quote:
Originally Posted by Aiman View Post
Look at so called Regulated brokers that have ran away with peoples deposits and nothing has happened..
First of all lets clarify when we say broker are we talking about OTC FX/ CFD or Equity/ Futures
With Equity, most countries have some sort of insurance or a Recovery fund , USA = SIPC, UK = FCSC, etc
With FX and Futures : Only checks and balances Except in UK and may be few of the EU countries

Fraud can happen any place, how does that argument justify using thinly regulated "broker"
Unless those who promote have vested interest!

TO give you a racing example
IF both the Bookmaker and the Pari Mutul board are offering similar odds Why would I bother with a Bookies when the pari mutual system provider has no conflict with if I win or loose! while to survive
the Bookmaker does need t most of the punters to loose
The Pari Mutual board is only interested in punters participating same way a True Exchange is interested in traders "participating"

Any way it is your money if you want to take a risk of using such dodgy brokers it is your risk, but don;t pretend that that is same as choosing a properly regulated and perhaps better Exchange Traded product
moka2 is offline   Reply With Quote
Old Jul 5, 2016, 3:36pm   #42
Joined Jun 2016
Quote:
Originally Posted by moka2 View Post
First of all lets clarify when we say broker are we talking about OTC FX/ CFD or Equity/ Futures
With Equity, most countries have some sort of insurance or a Recovery fund , USA = SIPC, UK = FCSC, etc
With FX and Futures : Only checks and balances Except in UK and may be few of the EU countries

Fraud can happen any place, how does that argument justify using thinly regulated "broker"
Unless those who promote have vested interest!

TO give you a racing example
IF both the Bookmaker and the Pari Mutul board are offering similar odds Why would I bother with a Bookies when the pari mutual system provider has no conflict with if I win or loose! while to survive
the Bookmaker does need t most of the punters to loose
The Pari Mutual board is only interested in punters participating same way a True Exchange is interested in traders "participating"

Any way it is your money if you want to take a risk of using such dodgy brokers it is your risk, but don;t pretend that that is same as choosing a properly regulated and perhaps better Exchange Traded product
I understand but my point is other than usa regulators.. I don't think regulation is as strcit as everyone makes it to be

There are many brokers that i wont name that are "regulated" and dont pay client withdrawals.. I was a victim of this
Aiman is offline   Reply With Quote
Old Jul 6, 2016, 1:34am   #43
Joined Aug 2012
Quote:
Originally Posted by Aiman View Post
I understand but my point is other than usa regulators.. I don't think regulation is as strcit as everyone makes it to be

There are many brokers that i wont name that are "regulated" and dont pay client withdrawals.. I was a victim of this
Again what kind of instrument? OTC or Exchange traded? Purely from Client Money protection point of view ,mostly UK is better than US / Australia across all Futures/ OTC FX/ Stock
Purely for stock, All three are equal with SIPC in USA, FSCS in UK and ASG in Australia, If a broker goes burst you can make a claim with the regulator if there is not enough money left with the broker
moka2 is offline   Reply With Quote
Old Jul 11, 2016, 7:56am   #44
Joined Oct 2011
Im not regulations guru but i guess im learning from u guys, yes regulators and good ones are really essential especially for individuals with larger investment, not just tens of thousands, maybe hundreds and even millions, on that note i would say yes they do have the option to secure their funds with a good regulatory or a higher grade broker/bank if necessary right? everything starts from nothing, good brokers where newbies at once. but in this industry i learned that testing a broker is way better than simply judging by age, dont get me wrong, even with small investments i am a very cautious trader, even if im not that good of a traders but still its money im investing from a hard earned work/business/trading, so i test them if im positive, play along with smaller accounts till i get my ROI back, and just keep an eye open as time goes by, will it last? will they be better? who knows, but one thing i know if im earning with less hassle then its good. trying to keep it simple
ph_trader is offline Software vendor   Reply With Quote
Old Jul 11, 2016, 8:18am   #45
Joined Aug 2012
Quote:
Originally Posted by ph_trader View Post
Im not regulations guru but i guess im learning from u guys, yes regulators and good ones are really essential especially for individuals with larger investment, not just tens of thousands, maybe hundreds and even millions, on that note i would say yes they do have the option to secure their funds with a good regulatory or a higher grade broker/bank if necessary right? everything starts from nothing, good brokers where newbies at once. but in this industry i learned that testing a broker is way better than simply judging by age, dont get me wrong, even with small investments i am a very cautious trader, even if im not that good of a traders but still its money im investing from a hard earned work/business/trading, so i test them if im positive, play along with smaller accounts till i get my ROI back, and just keep an eye open as time goes by, will it last? will they be better? who knows, but one thing i know if im earning with less hassle then its good. trying to keep it simple
Sorry but what is your point , for small money shall one ignore all the regulatory, Protection etc That I have mentioned?
moka2 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
TA v FA Discussion FTSE Beater Technical Analysis 12 Sep 25, 2003 11:27pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)