At this stage, we make sure you can trade profitable and your risk management is OK.
You can complete the Practice as long as you need. Trade when it’s comfortable for you. For most accounts (except the Mini account), the subscription lasts 30 calendar days (15 days for the Mini account), after which you can extend your subscription for another 30 calendar days (15 days for the Mini account).
If something goes wrong and one of the rules is broken, you can always restart your Practice Session for $100* by clicking the "Restart" button right in your LMI Trade Report. Your initial balance and rules will be reset and you can start trading from scratch.
Your goals and risk parameters at the Practice Session are similar to the Funded Session, which allows you to gradually prepare for trading the Live account.
Do you have any questions? Ask our support team, and on of the members will be happy to help you.
*For the Mini account, the restart cost is $40
Having successfully completed your Practice Session, you will move on to the Qualifying Session. This step is free for the first 30 calendar days (15 days for the Mini account). The rules of the Qualifying Session are the same as in the Funded Session. You trading gets as close as possible to the Live account.
You can restart your Qualifying Session at any time for $120* by clicking «Restart» your LMI Trade Report.
Upon Successful completion of the Qualifying Session, we take a few working days to complete all necessary documents, after which you will be able to trading your Live account.
* For Mini account, the restart cost is $60
|Account size||Daily loss limit||Weekly loss limit||Max. trailing drawdown||Profit target||Subscription cost*|
*The first 30 calendar days of your Qualifying Session (15 calendar days for the Mini account) are free. If you need more time, you will need to pay for additional subscription
Below you can compare the rules of both stages of selection, observing which you can get the Funded Session Account.
|Practice Session Rules||Qualifying Session Rules|
|Only trade permitted products during permitted times||Only trade permitted products during permitted times|
|Trade a minimum of 5 days||Trade a minimum of 8 days (5 days for Mini Account)|
|Do not hit or exceed the Daily Loss Limit||Do not hit or exceed the Daily Loss Limit|
|Do not allow your Account Balance to hit or exceed the Max Trailing Drawdown||Do not allow your Account Balance to hit or exceed the Max Trailing Drawdown|
|Do not hit or exceed the Weekly Loss Limit|
|Do not hold positions into major economic releases|
|Follow the Scaling Plan|
Free period of 14 days Practice Session to try our Trader Recruitment Program