LMFX Golden Draw Contest
The LMFX Golden Draw contest requires participants to deposit a minimum of $2000 and trade at least 20 standard lots within a year to be eligible for a draw to win a 50-gram gold bar, with each additional 10 lots traded increasing their chances of winning.
Promotion Details
Offer | 50g Gold Bar |
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How to get | You need to make a minimum deposit of $2000 and trade a minimum of 20 standard lots |
Available to | All traders of LMFX |
LMFX
Extremely popular for its excellent service, LMFX is an international broker that since its inception has invested significant resources to provide traders with an efficient service, full of opportunities, and with high security standards.
The main goal of the broker is to create an innovative environment with flexible trading conditions and a wide range of state-of-the-art tools and features for investing in forex, indices, commodities, cryptocurrencies, precious metals, energy, and stocks. Both novice and experienced traders will have the opportunity to easily access markets and fully leverage their capabilities, thanks to a fully dedicated and partly customizable service.
Being strictly regulated, LMFX guarantees traders maximum transparency and security. All trader funds will be managed following legal standards and will be deposited in segregated accounts, completely separated from the company’s capital which cannot access them in any way. A mix of cutting-edge technologies, competitive conditions (including spreads starting from 0 pip and zero commissions), a wide list of available accounts, and interesting promotional initiatives represent the perfect combination to gain maximum advantage from any operation.
- Safe funds.
- All trader funds will be held in fully segregated accounts separate from the company’s capital. Moreover, LMFX will neither access the trader accounts nor use the deposited funds for ulterior purposes.
- Educational material.
- Experience and knowledge are indispensable weapons to face the markets. Fully aware of the importance of trading informed, the broker offers clients an excellent education section, full of great content to expand their knowledge and perfect their style.
- Customizable Client Area
- To allow clients excellent management of their accounts and investments, the broker enables adaptation based on their own operating methods, parameters, and client area functions.
- Rapid and flexible deposits.
- To make deposit transactions to the account, each client will be able to select the most suitable method, choosing one from a wide list available.
- An account for every trader.
- The range of accounts offered by the broker has been carefully structured to meet the needs of any type of trader. Novices, professionals, high-volume investment traders, day traders, and clients with specific trading characteristics can select the right option and invest to the fullest of their capabilities. A particularly important detail concerning all offered accounts involves the minimum activation deposit which does not exceed $25. A feature that outlines the attitude of a broker who cares about the individual as well as the figure of the trader. Each client, regardless of experience level or trading volume, can decide how much and when to invest, in complete tranquility.
Characteristics | LMFX |
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Trading platform | MetaTrader 4, Mobile app, Copy trading, Mobile app, Web Trader |
Available accounts | Premium account, Fixed account, Micro account, Zero account |
Account currency | USD – EUR (changes based on the selected account) |
Minimum deposit | Starting from $5 |
Maximum leverage | Up to 1:1000 |
Contract size | one lot equals 100,000 |
Minimum trading volume | 0.01 lots |
Available instruments | forex, precious metals, stocks, spot indices, and energies |
Margin call | 50% – 30% (varies based on the selected account) |
Stop out | Varies from 20% to 15% based on the selected account |
Mobile trading | Supported by any offered platform |
Order execution | Market |
Promos and contests | Available |
Trading commissions | Starting from zero (variable based on the selected account) |
Spreads | Variable starting from 0.0 pip (variable based on the selected account) |
As previously mentioned, in addition to offering clients an excellent trading environment, the broker periodically launches interesting promotional initiatives with the intention of: encouraging traders to evolve their status, expand their experiences, and negotiate advantageous extra funds.
Among the promos available at this time, the Golden Draw has aroused considerable interest among traders given its features.
Visit the official LMFX website
Golden Draw
An attractive promo as well as extremely advantageous, the innovative Golden Draw contest launched by the broker, offers clients the chance to win a 50-gram gold bar as a prize!
Here’s how it works:
- To be able to enter the contest, all participants must be holders of a rigorously verified account.
- To activate the promo, a minimum deposit of 2000 USD is required.
- To be included in the final drawing, the participant must trade a minimum of 20 standard lots during the entire promotional period. Additionally, for every 10 additional lots traded, the trader will have greater chances of securing the coveted prize
- The promo lasts for a year. At the end of the promotional period, the 20 lucky winners will be drawn. Winners can choose to receive the gold bar or its equivalent in cash.
- With the exception of Micro accounts, all accounts available with the broker are compatible with the offer. Consequently, every trader can select the most suitable account for their needs and trade to the best of their abilities.
Characteristics | Golden Draw |
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Minimum deposit required | $2000 |
Prize at stake | 50g gold bar (or cash equivalent) |
Access | All clients |
Trading restrictions | None |
Validity period of the promo | One year |
Compatible accounts | All accounts are eligible (except for Micro accounts) |
Conditions of use | Trade a minimum of 20 standard lots within the set times |
As already specified, the greater the quantity of standard lots traded, the higher the chances of winning the prize (by trading 10 lots more than the 20 required to enter the drawing, the trader increases their chances of victory by 1, consequently with thirty lots traded the chances of accessing the final drawing will double).
Participate in the Golden Draw
Terms, Conditions, and Useful Information about the Promotion
To access the Golden Draw contest, each trader will be required to read and accept the rules carefully. In the next list, a summary of the main information and rules to know:
- To access the promo, the trader will not need to register. With a deposit of 2000 USD, the contest will be automatically activated.
- To participate in the initiative, the trader must be the holder of a rigorously verified account. In practice, the client will need to prove their real identity and country of origin by sending the necessary documentation for account activation (photo of identity card and a recent bill with a visible address).
- To qualify for the final prize drawing, the client must trade a minimum of 20 standard lots within a time limit of one year. The contest will start on May 1 of the current year and will end on April 30 of the following year.
- The promo is accessible both by traders already holding a real account and by new subscribers. all available accounts are compatible with the promo, with the exception of micro-type accounts.
- There are no particular restrictions or onerous clauses. The promo will be automatically activated by depositing the required amount. However, if the trader is not interested in participating in the promo, they can decide to abstain by sending a request to the email address support@lmfx.com.
- At the end of the promotional period, the broker will conduct the drawing to award the prizes to the 20 lucky traders. Each of them will win a 24-carat, 50-gram gold bar (or the equivalent in dollars, if the client requests it).
- For every 10 extra lots traded, the client will double the chances of winning.
- Transfers between accounts will not be considered as deposits and therefore not suitable for activating the contest.
- To be considered valid for the calculation of the necessary lots, the transactions carried out must have a duration longer than one minute (opening and closing).
- Only operations with a difference of at least 5 pips between the opening and closing price will be eligible for the counting of the necessary lots.
- At the end of the promotional period, the winning traders will be drawn. Each client can access the list of winners by visiting the page dedicated to the initiative.
- Once the drawing is done, all winners will be contacted within 3 days by the support team via email or phone. The trader will have to decide whether to receive the gold bar or its equivalent in cash. If the trader chooses the cash prize, the broker will credit the winner’s account. The extra funds can be withdrawn at any time
- Each trader has the opportunity to access the initiative a single time and on only one account. Each year, by making a minimum deposit of 2000 USD, the activation of the promo will be automatic.
Participate in the Golden Draw
Available Accounts
The range of accounts offered by the broker is structured to meet any need or trading style. Beginners, experts, or professionals with specific trading preferences can select the account most suitable to their modus operandi and gain the maximum advantage from any trading experience. Among the accounts available with the broker, only the following allow access to the offer:
The available accounts are:
- Premium Account.
- Fixed Account.
- Zero Account.
Premium Account
An account type designed for professional traders with proven experience who need specific conditions and dedicated services to trade to the fullest of their capabilities, the Premium account provides access to a high-performance environment to create efficient strategies with excellent risk assessment.
Characteristics | Premium Account |
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Zero swap option (Islamic account) | Available |
Maximum leverage | 1:1000 |
Spread | Variable starting from 1 pip |
Contract size | 1 lot = 100 000 |
Account currency | USD – EUR |
Trading commissions | Zero |
Minimum deposit | 5 USD |
Maximum total size per operation | 50 |
Maximum number of open operations | 100 |
Trading on Forex, Metals | Yes |
Trading on Oil, Indices, Commodities, Stocks | Yes |
Fifth decimal place pricing | Yes |
Available platforms | Meta Trader 4 – Web – mobile app |
Margin call | 50% |
Stop out | 20% |
Fixed Account
An account created exclusively for traders who prefer trading with variable costs fixed on the spread and with zero commissions, the Fixed account is an excellent choice for any trader intending to trade on the available instruments, based solely on cost variations.
Characteristics | Fixed Account |
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Zero swap option (Islamic account) | Available |
Maximum leverage | 1:400 |
Spread | Fixed, varies based on the selected instrument |
Contract size | 1 lot = 100 000 |
Account currency | USD – EUR |
Trading commissions | Zero |
Minimum deposit | 25 USD |
Maximum total size per operation | 50 | Maximum number of open operations | 150 |
Trading on Forex, Metals | Yes |
Trading on Oil, Indices, Commodities, Stocks | Yes |
Fifth decimal place pricing | Yes |
Available platforms | Meta Trader 4 – Web – mobile app |
Margin call | 30% |
Stop out | 15% |
Zero Account
Unlike the Fixed account, the Zero account type is characterized by trading with fixed costs (with minimized commissions and variable spreads starting from 0 pip). This type of account is typically chosen by traders with high investment volumes, intended to accurately quantify costs before opening any operation.
Characteristics | Zero Account |
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Zero swap option (Islamic account) | Available |
Maximum leverage | 1:250 |
Spread | Variable starting from 0 pip |
Contract size | 1 lot = 100 000 |
Account currency | USD – EUR |
Trading commissions | $4 per lot |
Minimum deposit | 15 USD |
Maximum total size per operation | 50 |
Maximum number of open operations | 200 | Trading on Forex, Metals | Yes |
Trading on Oil, Indices, Commodities, Stocks | Yes |
Fifth decimal place pricing | Yes |
Available platforms | Meta Trader 4 – Web – mobile app |
Margin call | 30% |
Stop out | 15% |
How to Open an LMFX Account
The process that offers traders the possibility to open a new account with the broker is quick, easy, but above all secure. In a few minutes, the interested trader will be able to opt for the most compatible account to their modus operandi, register, and make a deposit to start investing. LMFX is a strictly regulated broker by multiple control bodies. To protect both the company and the client themselves, the latter will be required to perform a verification to prove their real identity and country of origin. Once suitable, the client can activate the account and start interacting on the markets.
To sign up and open a new account, just follow these very simple steps:
- First Step
- To begin, the potential client must access the official broker site and click on the “Register” icon, visible at the top right of the screen. On the new page titled “Create your portfolio”, provide the form by entering: name, surname, email address, phone number, country of residence, date of birth, and account currency. Accept the terms and conditions of use (after having consulted them with extreme attention) and click on “Register now”.
- Second Step
- In this step, the client will need to provide additional information regarding experience level, risk propensity, the quantity of potentially investable funds, income, industry and job type, account type, leverage to use, and trading platform.
- Last Step
- Finally, to definitively activate the account, the trader will undergo a verification that will allow proving their identity and country of origin. To do so, they must upload a clear front and back photo of an identification document (identity card, driver’s license, or passport) and a recent bill (electricity, gas, internet) containing the complete address. Once suitable, the client can make a first deposit using the payment method best suited to their needs and start trading.