You know how to trade Forex? Well then, LMFX may offer you 4 Contests Opportunities. Let’s find out!
If you know how to trade Forex or you are one profitable trader, you should be looking for some “Forex Contests” to join.
Well there are some kinds of “contests” though, isn’t it bothering to look for a contest to be run in the future and also to make sure that the broker is reliable.
Now your problem is solved, because LMFX has got better trading conditions and all kinds of contests monthly and weekly.
What is the “Better Trading Conditions” of LMFX?
Let me list up some of these “better” conditions offered by LMFX.
1. Leverage up to 1:1000
The average leverage offered by Forex brokers is around 1:400 – 1:500 with limitations depending on the account balance.
LMFX offers higher leverage than majority of the brokers in the world.
Even FBS may have got the highest leverage in the world which is 1:3000, the leverage is available only if the accout balance is less than 200 USD.
In case of LMFX, the broker does not deduce the maximum limitation of the leverage. So technically, you can have the highest leverage in the world with any account balance.
2. Zero fees on Deposit/Withdrawals
It is just another reason to trade with LMFX.
They do not charge any extra fees to your deposit/withdrawals, so you don’t feel pressured to manage your funds frequently.
3. The minimum smallest spread is 0.4 pips
It is hard to find a broker with spread tighter than 0.5 pips including all extra commissions.
Even though some brokers say that they offer spread from 0.0 pip, it is often that that is a bit exaggerating number.
But LMFX is different, the broker offers the actual raw spread from 0.0 pip with 4 USD/1 lot commission.
Meaning that the actual spread is even tighter than 0.5 pips.
4. Option to Variable or Fixed Spread
Not just offering 4 types of contests (which I am going to introduce later), LMFX offers two types of spread which are “fixed” and “variable”.
Generally speaking, “Fixed Spread” account is for EA traders, “Variable Spread” account is for Scalping traders.
Now let me introduce 4 Contests you can join with LMFX.
All of them are free-to-join, and even some of them are risk-free.
CrystalBall Contest
It is the contest to predict the price in the future.
Yes, all you need to do is just specify the price of the exchange rate on Monday at 12:00 in the server time, and the 3 people with the closest price will get the prizes.
You do not need to trade or make a deposit to join the contest. It is free to join the the contest is running every week, right now!
The contest prizes are as follows:
- 1st prize = 1000 USD
- 2nd prize = 500 USD
- 3rd prize = 250 USD
What you need to do to join the contest?
All you need to do is the followings:
- Register with LMFX
- Verify your Phone Number with SMS
Demo Trading Contest
Are you at the learning stage? Then let’s give it a try and who knows, you could be the most profitable trader of the month and earn the money prizes.
In this LMFX Demo Trading Contest, you are going to trade virtually in a MT4 Demo Account, and you can win the real money if you become the Top 3 profitable traders of the month.
It is totally risk-free (because it’s a Demo Contest) and free-to-join. You will not lose anything but you will earn the real money or trading experience.
The contest is running monthly and the Top 3 traders can receive the cash prizes as follows:
- 1st Prize – $1,000 in a Live Account
- 2nd Prize – $500 in a Live account
- 3rd Prize – $250 in a Live Account
What you need to do to join the contest?
All you need to do is the followings:
- Register with LMFX
- Submit required copied documents(ID and Proof of Address)
- Open a Demo account
Real/Live Trading Contest
If you don’t want to waste your time for other virtual trading contests, but already trading with your own money in MT4?
Why don’t you register for this “Real/Live Trading Contest” and aim for the extra prizes?
In this “LMFX Real/Live Trading Contest”, you will need to open your MT4 account and make a deposit with your own money.
It is free to join, so if you are already trading with our own money with LMFX, there is no reason to register for the contest.
The contest awards are also attractive. The contest is run monthly and there is also huge annual prize.
Monthly Prize
1st Prize – $1,000 in a Live Account
Annual Prize
1st Prize – $100,000 in a Live Account
What you need to do to join the contest?
All you need to do is the followings:
- Register with LMFX
- Submit required copied documents(ID and Proof of Address)
- Deposit more than 500 USD
PAMM Championship
When it comes to the level of the IT team, LMFX has got the excellent quality. Not just the well-organized websites, Client-Portal and the trading server, LMFX also offers up-to-date PAMM system to traders.
It is your chance to become a PAMM Master. Why don’t you earn extra profits by letting some other investors to copy your trades?
In this PAMM Trading Contest, you can trade as normal as a Money Manager, and you will earn the extra prizes in case you have achieved to be the top 10 Money Managers.
The prizes are distributed as follows:
| Top Ten PAMM in LMFX Contest | Cash Reward |
|---|---|
| 1th Prize | 500 USD |
| 2nd Prize | 400 USD |
| 3rd Prize | 300 USD |
| 4th Prize | 200 USD |
| 5h Prize | 100 USD |
| 6th Prize | 100 USD |
| 7th Prize | 100 USD |
| 8th Prize | 100 USD |
| 9th Prize | 100 USD |
| 10th Prize | 100 USD |
What you need to do to join the contest?
All you need to do is the followings:
- Register with LMFX
- Submit required copied documents(ID and Proof of Address)
- Register as a Money Manager
- Make a Deposit
These are the simple 4 steps to be the PAMM Master!
*Please note that these “Contest Prizes” are not available for withdrawal but offered only for trading purposes.
