LMFX broker discussion

trade2bpro

Active member
Nov 5, 2013
147
1
28
#31
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
 

ph_trader

Active member
Oct 20, 2011
393
6
28
#32
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
 

trade2bpro

Active member
Nov 5, 2013
147
1
28
#33
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.
 

progix

Active member
Feb 25, 2016
206
2
28
#35
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I think 1000$ will remain in your trading account and whatever you will earn on it as profit can be withdrawn..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.
 

ph_trader

Active member
Oct 20, 2011
393
6
28
#36
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..
 

moka2

Active member
Aug 9, 2012
529
13
28
#39
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)
 
Jun 28, 2016
46
0
16
#40
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..
 

moka2

Active member
Aug 9, 2012
529
13
28
#41
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
 
Jun 28, 2016
46
0
16
#42
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
 

moka2

Active member
Aug 9, 2012
529
13
28
#43
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
 

ph_trader

Active member
Oct 20, 2011
393
6
28
#44
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 :)
 

moka2

Active member
Aug 9, 2012
529
13
28
#45
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? :(