LMFX "Learn & Earn" Demo Trading Contest
Trade with virtual money & Earn real money.
Trading Contest Details
| Prizes | 1,750 USD |
|---|---|
| Available to | Both New & Existing Clients |
| Duration | Every month |
| How to entry | Sign up & Open a Contest Demo Account |
| Entry Requirements | You must verify the account with documents. |
- LMFX Learn & Earn Demo Trading Contest
- LMFX Learn & Earn Demo Trading Contest Information
- Prizes of LMFX Learn & Earn Demo Trading Contest
- How to join in LMFX Learn & Earn Demo Trading Contest
- Fund Withdrawal Condition of LMFX Learn & Earn Demo Trading Contest
- FAQs of LMFX Learn & Earn Demo Trading Contest
- Terms and Conditions of LMFX Learn & Earn Demo Trading Contest
LMFX Learn & Earn Demo Trading Contest
LMFX’s “Learn and Earn Contest” is a Demo (Virtual) trading contest which is convenient for all the Clients who may feel that they are not experienced enough to start trading live or these who want to improve their trading skills.
Because this contest is run on Demo Accounts only, there is no real financial risk but furthermore, the prizes for winners are real.
Each contest round lats for 1 month, and the total prize amount is 1750 USD for the top 3 traders.
LMFX Learn & Earn Demo Trading Contest Information
Here are the main information of LMFX’s Demo trading contest “Learn and Earn”.
| Contest Type | Demo (Virtual) MT4 |
|---|---|
| Requirement to join | Account Verification |
| Demo Account Condition | 100,000 USD with 1:400 Leverage |
| Prize Amount | 1750 USD in total |
| Withdrawal of the Prize Fund | Not avaialble |
| Withdrawal of Profit (made using the prize fund) | Available at anytime |
The contest involves no risks. The cash prizes are real and credited into your live trading account.
Prizes of LMFX Learn & Earn Demo Trading Contest
Each month, LMFX’s Learn and Earn trading contest gives away the total of 1750 USD.
The prize pool will be distributed to the top 3 traders of the month, as below:
| Ranking | Prize Amount |
|---|---|
| 1st | $1000 |
| 2nd | $500 |
| 3rd | $250 |
Prizes will be credited into the winners’ live trading accounts within 48 hours of the notification and will only be applied to a
no-bonus type trading account.
Once the prize fund is credited, you can start trading with it.
How to join in LMFX Learn & Earn Demo Trading Contest
To register for LMFX’s service and participate in the Demo trading contest, follow the steps below.
1. Signup and Complete account verification
Go to the registration page of LMFX and register online.
During the process, you must submit your proof of ID and also your proof of address to complete the KYC and Compliance procedures.
This account verification can also be completed after the registration through the LMFXconnect (LMFX’s client portal).
2. Login to the client portal and Open the contest account
Once the account verification is completed, go to the contest page in LMFXConnect and register for the contest via the LMFXconnect account.
Once you opened the Demo contest trading account, the login credentials will be sent to your registered email address.
Each Demo trading contest account has 100,000 USD of balance, and the leverage is fixed at 1:400.
Account opening of the Demo trading account (participation in the contest) can be done any time during the active round.
3. Start trading to win the contest
Start trading within the contest period.
Each contest starts from the 1st Company’s working day of the month at 00:05:00 Company’s server time and ends the last day of the given month.
The 3 top performers will earn the cash prizes!
Fund Withdrawal Condition of LMFX Learn & Earn Demo Trading Contest
Prize funds are not available for withdrawal, but are only available for trading purpose.
Note that any fund withdrawals will cause full cancellation of the total prize amount from the account.
FAQs of LMFX Learn & Earn Demo Trading Contest
Here are the frequently asked questions regarding LMFX’s Demo (virtual) trading contest “Learn and Earn”.
- Who can participate in the contest?
- The Demo trading contest is available for all traders of LMFX.
- What is the requirement to participate in the contest?
- The only requirement to participate in the contest is account verification with documents.
- How much is the prize amount?
- The total prize amount is 1750 USD. The top 3 traders of the contest will earn the prize from the prize pool.
- Can I withdraw the prize fund as my profit?
- No, the cash prize amount is available only for trading purpose.
- Can I participate in the contest every month continuously?
- Yes, you can. All contest accounts will be automatically taken into the next round until the participate requests not to.
- Can I also participate in other trading contests of LMFX?
- Yes, the demo trading contest does not restrict traders from participating in other promotions or contests of LMFX.
Do you have any other questions in mind?
Visit LMFX Official Website and contact their multilingual support team available for 24/5.
Terms and Conditions of LMFX Learn & Earn Demo Trading Contest
Here are the terms and conditions of LMFX’s Demo (virtual) trading contest “Learn and Earn”.
Make sure that you know the rules of the promotion before confirming your participation.
- The contest is available for all traders of LMFX.
- Each contest account has 100,000 USD of initial trading fund.
- The contest runs every month from the 1st Company’s working day of the month at 00:05:00 Company’s server time and ends the last day of the given month.
- In the event that the last day of the month is one of the weekend days, the closing prices of that week’s Friday at 23:59:59 Company’s server time will be used.
- The top 10 performers will be displayed in the company’s contest page.
- The cash prizes which total is 1750 USD will be shared with the top 3 traders of the month.
- The amount of the cash awards is 1,000 USD for the 1st, 500 USD for the 2nd and 250 USD for the 3rd trader.
- The winners will be contacted by LMFX via LMFXconnect (client portal of LMFX) and the cash prizes will be credited into a live account within 48 hours of the notification.
- The cash prizes can be credited only into the live accounts which have not participated in any bonus promotions.
- The prize funds are available only for trading purpose, but not available for withdrawal.
- In case of any fund withdrawals, the full prize funds will be removed from the trading account.
- Any fund withdrawals from the bonus account can only be performed if all positions are closed.
- To confirm your participation in the contest, you must open a Demo trading contest account from the LMFX’s client portal (LMFXconnect).
- The participation in the contest, as in the account opening of a Demo contest account can be done at anytime during the contest period.
- Each participant can register only one Demo contest account per round.
- At the end of each monthly round, the account will be automatically taken into the next trading contest.
- Not more than two contestants can work from the same IP address.
- In order to participate in the contest, you must complete the KYC and Compliance procedures by submitting your proof of ID and also your proof of address.
- The Leverage of each contest account is fixed at 1:400 and cannot be changed.
- At the expiration of every round all open positions will be closed with the final balance value being used to calculate the gain.
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