Liberty Market Investment Review
Liberty Market Investment offer trader evaluation programs for traders who want to prove their skills in order to get access to a funded account up to $150,000 with a maximum 90% profit share.
Liberty Market Investment or LMI for short, if a proprietary trading company based in the United Kingdom (UK). They offer evaluation programs for CME and EUREX futures traders. There are two main phases to pass in order to get a funded account. This prop firm has an 90% profit share with the first $8,000 going to the trader. This is a generous profit split although you can also get 90% with one of the best prop trading firms in FTMO as an alternative option. LMI Trade not only recruits funded traders, but also provides them with trading support, research, tools, and skills required to succeed.
Trader Evaluation Program
Liberty Market Investment have a three-stage trader evaluation program. You must complete the practice and qualifying stages in order to qualify for a funded account. This is to show LMI that you have the required trading skills and risk management in order to trade their capital. After all, they cannot simply give anyone a funded account as that could be risky. You can however get instant funding accounts from other prop firms, including Instant Funded Account.
Everyone will find a suitable account size from $10,000 to $150,000 to suit their trading system and style. You can try the LMI evaluation program for free as there is a free trial period of 14 days practice session to try the Trader Evaluation Program and see if it is for you. At LMI, you can choose between 2 options for an evaluation program. Each option has its own features and advantages.
Practice Stage
Choose an appropriate account, show off your trading prowess, and meet your profit targets with LMI. Monitor every trading parameter directly in the VolFix terminal in real time. This is the first stage on your journey to getting a funded account.
You will develop the necessary market abilities and be able to properly manage a funded session account in the future in a secure setting. Without putting your own money at risk, you will develop your trading skills, fine-tune your trading strategy, and become a better risk manager.
Qualifying Stage
Demonstrate sound trading and risk management skills. Get funding by demonstrating that their capital will be safe in your hands. They want traders who are consistent and do not use dangerous money management to achieve quick profits.
Funding Stage
Use the capital of their investors for a variety of trading instruments while working from anywhere in the world at any time. They bear all of the risks so that you can focus on your trading without worrying about substantial losses.
You will be notified that the transition to the Funded Stage has begun when you have finished the Qualifying Session. To extend you a contract, the Liberty Market Investment team will get in touch with you. The papers are typically ready in a few business days. Following that, you will obtain your Live account information so that you can begin managing the money belonging to their investors.
Regardless of where you are, you can withdraw your earnings to any bank and receive a 100% bonus on all withdrawals up to an overall limit of $8,000. On withdrawals over $8,000, the profit is split 90/10, with 90% going to the trader.
Practice Session Rules
You must follow these criteria during your first step, the practise session. Your account will not be eligible for a Funded Account if any of the rules are broken, but you can always Restart your account. At any account size, your subscription is valid for 30 calendar days (apart from the Mini account). The Mini Account has a 15-day calendar period.
You will receive an email 1 day before your subscription ends to let you know. Your account will be cancelled automatically if your subscription payment is late.
- Only trade permitted products during permitted times
- Trade a minimum of 5 days
- Do not hit or exceed the Daily Loss Limit
- Do not allow your Account Balance to hit or exceed the Max Trailing Drawdown
| Account Type | Account Size | Max contracts | Daily Loss Limit | Max Trailing Drawdown | Profit Target | Practice Price | Restart Price |
|---|---|---|---|---|---|---|---|
| Mini | $10K | 1 | $250 | $500 | $700 | $70 | $40 |
| Small | $30K | 3 | $500 | $1,500 | $1,900 | $140 | $100 |
| Medium | $50K | 5 | $1,000 | $2,000 | $2,800 | $155 | $100 |
| Large | $100K | 10 | $2,000 | $3,000 | $5,700 | $300 | $100 |
| Max | $150K | 15 | $3,000 | $4,500 | $8,500 | $350 | $100 |
Qualifying Session Rules
You must follow the following guidelines throughout your second step, the qualifying session. Your account will be ineligible for a Funded Account if any of the rules are broken, but you can restart your account at any time for a $100 fee ($40 for the Mini account).
Your Qualifying Session is cost-free for the first 30 calendar days (15 days for the Mini account). You will need to purchase an additional subscription if you need more time (see table below)
You will receive an email 1 day before your subscription ends to let you know. Your account will be cancelled automatically if your subscription payment is late.
- Only trade permitted products during permitted times
- Trade a minimum of 8 days (5 days for Mini Account)
- Do not hit or exceed the Daily Loss Limit
- Do not allow your Account Balance to hit or exceed the Max Trailing Drawdown
- Follow the Scaling Plan
| Account | Size | Max position size | Daily Loss Limit | Max Trailing Drawdown | Profit Target | Additional Subscription Cost |
|---|---|---|---|---|---|---|
| Mini | $10K | 1 | $250 | $500 | $700 | $70 |
| Small | $30K | 3 | $500 | $1,500 | $1,900 | $140 |
| Medium | $50K | 5 | $1,000 | $2,000 | $2,800 | $155 |
| Large | $100K | 10 | $2,000 | $3,000 | $5,700 | $300 |
| Max | $150K | 15 | $3,000 | $4,500 | $8,500 | $350 |
Funded Session Rules
All Live Traders need to follow the Funded Session rules. If you break any of these rules, you are going to lose your account. All traders participating in funded sessions must manually control the maximum position size. Your LMI Trading Report contains information on your maximum position size. You risk having your account closed if you exceed your Max Position Size.
- Only trade permitted products during permitted times
- Do not hit or exceed the Daily Loss Limit
- Do not allow your Account Balance to hit or exceed the Max Trailing Drawdown
- Follow the Scaling Plan
| Acc.Type | Acc.Size | Max Contracts | Daily Loss Limit | Max Trailing Drawdown |
|---|---|---|---|---|
| Mini | $10K | 1 | $250 | $500 |
| Small | $30K | 3 | $500 | $1,500 |
| Medium | $50K | 5 | $1,000 | $2,000 |
| Large | $100K | 10 | $2,000 | $3,000 |
| Max | $150K | 15 | $3,000 | $4,500 |
Your account will be cancelled for inactivity if you don’t make at least 1 trade per 30 days since the last one.
The Funding Session account will be cancelled immediately and the Trader will receive 1 free month of the Practice Session subscription if the account balance is lower than 2/3 of the Max Trailing Drawdown after 2 months from the day 2/3 of the Max Trailing Drawdown was reached.
The trader has the option to close their funded session account and receive 1 free month of the practise session subscription if 2/3 of the maximum trailing drawdown has been reached but the maximum trailing drawdown has not been reached.
The trader has the option to close their funded session account at any time prior to reaching 2/3 of their maximum trailing drawdown in exchange for receiving 1 free month of their qualifying session subscription.
Scaling Plan
In order to survive an early drop and to give themselves a genuine opportunity of success in the qualifying session and funded session, traders will initially need to scale their trading strategies. This will assist you in adjusting to real-time trading circumstances. As long as your total position size is less than or equal to the Max Position size as determined by the scaling plan, you are free to trade as many lots as you like.
| Small $30,000 | Medium $50,000 | Large $100,000 | Max $150,000 |
|---|---|---|---|
| 2 lots | $0 – $1.500 3 lots | $1.501+ | 2 lots | $0 – $1.500 3 lots | $1.501 – $2.000 5 lots | $2.001+ | 3 lots | $0 – $1.500 4 lots | $1.501- $2.000 5 lots | $2.001 – $3000 10 lots | $3.001+ | 3 lots | $0 – $1.500 4 lots | $1.501- $2.000 5 lots | $2.001 – $3000 10 lots | $3.001 – $4.500 15 lots | $4.501+ |
Platforms
Liberty Market Investment provide the all in one VolFix platform. VolFix is a leading charting solution that includes pricing data, financial research, global financial news and commentary, fundamentals analysis and visual analysis. Traders participating in the LMI evaluation programme are free to use the VolFix platform to its fullest extent.
Use the integrated LMI trade report feature to monitor your account information. See your complete transaction history to help you trade better, advance your skills and show more stable results. You can always be on top of your trading due to the VolFix built-in risk management system. Step up your trading and use all available resources to reach success.
Instruments
This prop trading firm has a broad selection of futures markets to trade including equities, forex, commodities and interest rate futures. You can trade the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange Inc. (COMEX), Kansas City Board of Trade (KCBT), COMEX, EUREX and the NEX Group.
| Symbol | Exchange commissions (per round) |
|---|---|
| CME Agricultural Futures Live Cattle (LE) Lean Hogs (HE) | $ 3.80 $ 3.90 |
| CME CBOT Commodity Futures Corn (ZC) Wheat (ZW) Soybeans (ZS) Soybean Meal (ZM) Soybean Oil (ZL) | $ 4.12 $ 4.12 $ 4.12 $ 4.12 $ 4.12 |
| CME CBOT Equity Futures Mini-DOW (YM) Micro Mini-DOW (MYM) | $ 2.56 $ 0.94 (full) |
| CME CBOT Financial/Interest Rate Futures 2-Year Note (ZT) 5-Year Note (ZF) 10-Year Note (ZN) 30-Year Bond (ZB) Ultra-Bond (UB) Ultra-Note (TN) | $ 1.22 $ 1.30 $ 1.52 $ 1.62 $ 1.72 $ 1.52 |
| CME COMEX Futures Gold (GC) E-micro Gold (MGC) Silver (SI) E-micro Silver (SIL) Copper (HG) | $ 3.10 $ 1.34 (full) $ 3.10 $ 1.10 (full) $ 3.00 |
| CME Equity Futures E-mini S&P 500 (ES) Nikkei (NKD) E-mini NASDAQ 100 (NQ) E-mini Russell 2000 (RTY) Micro E-mini S&P 500 (MES) Micro E-mini NASDAQ 100 (MNQ) Micro E-mini Russell 2000 (M2k) | $ 2.56 $ 4.72 $ 2.56 $ 2.56 $ 0.94 (full) $ 0.94 (full) $ 0.94 (full) |
| CME Foreign Exchange Futures Australian $ (6A) Australian $ (6A) Canadian $ (6C) Euro FX (6E) E-mini Euro FX (E7) Micro Euro FX (M6E) Japanese Yen (6J) Swiss Franc (6S) | $ 3.20 $ 3.22 $ 3.22 $ 3.22 $ 1.72 $0.82 (full) $ 3.22 $ 3.22 |
| CME Interest Rate Futures Eurodollar (GE) | $ 2.4 |
| CME NYMEX Futures Crude Oil (CL) Micro Crude Oil (MCL) E-mini Crude Oil (QM) Natural Gas (NG) E-mini Natural Gas (QG) | $ 3.02 $ 1.34 (full) $ 2.42 $ 3.02 $ 1.02 |
| EUREX DAX (FDAX) Mini-DAX (FDXM) Micro-DAX (FDXS) EURO STOXX 50 (FESX) Bunds (FGBL) Euro-Bobl (FGBM) | € 1.70 € 0.66 € 0.58 (full) € 0.86 € 0.56 € 0.56 |
Trading Blog
On the LMI website, you will find lots of helpful content related to what is happening in the financial markets and the latest prop trading company news. There are plenty of frequently updated articles to keep you informed.
| Maximum capital | $150,000 |
| Profit split | 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | No |
| Free trial | Yes |
| Maximum leverage | 1:2 |
Overall, there is a lot to like about Liberty Market Investment. In addition to funding traders, LMI Trade also equips them with the trading tools, market research and trading support that they need to get the most out of their trading career. There are a range of funding programmes for novice and experienced traders to aid in the understanding of markets and market sentiments as well as to aid in the reduction of losses through efficient risk management and trading discipline.
The subscription price is much lower than other competitors and you get free of using VolFix during the Practice and Qualifying Session. You can trade a great selection of futures with very competitive trading conditions. On the other hand, they do not provide MetaTrader and they are more catered towards experienced futures traders with successful strategies.
What platforms do LMI use?
How do I get a funded account with LMI?
How does the LMI subscription work?
Can I get a free trial?
If I break a rule, will my account be closed?
What is the LMI profit split?
How can I extend my subscription?
Just before the expiration date of your current membership is a subscription extension available. A few days before the subscription expires, our group advises renewing it. The expiration date of a subscription is always inclusive. For instance, if the subscription expiration date is the eighth of the month, the subscription is valid and may be extended until the eighth of the following month. Extension of the subscription does not “restart” the account.
If you broke an account rule and continued your membership, the penalty will still apply; however, the trader may “restart” the account to erase the infraction.
