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FDAX margin requirements
When trading FDAX with LMI, you have to keep in mind how we calculate the buy power for the products allowed to trade. For any product except FDAX, the margin requirement is $10,000 per 1 lot traded. However, for FDAX, the margin requirement is $ 25,000 per one lot traded. Therefore, the buy power for FDAX is always 2.5 lower than for any other product available for trading. That has to be considered when you look at the scaling plan for both the Qualifying and Funded session. E.g. if the scaling plan says you can start trading 3 lots on your account, it means that we allow you to use…
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Traders Contest Results 01/22/2020
Below you can find a table with the rating of traders for the last contest. All traders who have a violation of the rules or whose account balance is below $ 0, unfortunately, have left the contest. № Nickname Account Closed Positions Closed profit positions Closed loss positions Total P&L Prize 1 Valex T7335004 12 12 0 3446 50K Practice 2 1st_Trader T7354704 15 15 0 3096 30K Practice 3 u3174804 T7352504 8 8 0 2374 10K Practice 4 mazz T7340404 21 18 3 2062 25% code 5 u1638304 T7348004 14 14 0 1812 25% code 6 Naryan-Mar T7354604 6 5 1 1683 25% code 7 u1945904 T7356604 16 13…
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Jan 22nd LMI is holding its first day Trading Contest in 2020!
Dear traders, We’ll be doing our first Trading Contest in 2020 this Wednesday, January 22nd! You will get full access to the VolFix platform and mobile app. You need to register to take part in the Contest. Registration will be open on January 22nd, at 00-00 UTC (21 Jan 06:00 pm CST) and will end at 14:29 UTC (08:29 am CST) the same day. The Contest itself will start at 14:30 UTC (08:30 am CST) and finish at 18:59 UTC(12:59 pm CST). Here are the contest rules: You will be trading a $ 50,000 Practice Session account. There is no profit target. Maximum drawdown $ 1,000. Permitted products are American…
