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LMI Trade
Details
- Profile details were refreshed
UK futures prop firm (Liberty Market Investment Ltd) with a one-step Qualifying Session on VolFix, accounts from $10K to $300K, Standard and No Activation Fee subscriptions plus a Direct Funded path, and 100% of withdrawals up to $30,000 then 90/10. The lmitrade.com brand appears in the Wayback Machine from June 2018 (the domain was registered on 30 November 2017). A 14-day free Qualifying Session trial is offered.
Profiled by ProprietaryTrading.com
Things to know (3)
Independent notes from our review. Many firms have some; check the sources for detail.
Medium (2)
- The homepage says 'NO Payout Denials', but the firm's help centre still publishes a 7:1 risk-reward rule under which a payout 'may' be denied, and its prohibited-activities page lists rejection of withdrawal requests as a possible response (checked 10 Nov 2026). LMI Trade homepage (opens in new tab)
- On 23 Jul 2026 LMI told a reviewer it had removed the 7:1 rule (from 30 March 2026) and the 6-payout cap, but the 7:1 article was still live on 10 Nov 2026 and still described denials. Older help text said Tue/Fri and a 6-payout cap; the 22 Jul 2026 withdrawal article says Mon/Thu with no cap. LMI withdrawal article + 23 Jul 2026 firm reply (opens in new tab)
Low (1)
- The independent review base is small. FundedTrading cited a Trustpilot score of 3.9 from 38 reviews as of 29 Oct 2026; the live Trustpilot page could not be loaded on 10 Nov 2026. ForexPeaceArmy's listing has 0 reviews. FundedTrading (29 Oct 2026 Trustpilot citation) (opens in new tab)
- Headquarters
- Ipswich, England
- Founded
- 2018
- Legal entity
- Liberty Market Investment Ltd
- Funding model
- Evaluation + Instant Funding
- Geographic availability
- Worldwide policy not clearly stated
U.S. availability: not confirmed
May suit
traders focused on futures; traders who want a choice between evaluation and instant-funding paths; traders who want a published scaling path.
Consider alternatives if
you require stocks, options.
Trader rating
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At a glance
Structured facts about this firm
- Firm Type
- Evaluation + Instant Funding prop firm
- Market Focus
- Futures
- Trading Style
- Discretionary intraday trading
- Retail Accessibility
- Open to retail traders via evaluation
- Based in
- Ipswich, England
- Geographic availability
- Worldwide policy not clearly stated
- Known For
- One-step Qualifying Session on VolFix
Payout structure
How and when you get paid
Funding programs
Account types and the path to capital
Evaluation
Standard Qualifying Session
Source (opens in new tab)One-step Qualifying Session on VolFix with a subscription plus an activation fee on most sizes; $10K–$300K. Trailing drawdown and a daily pause. Minimum 2 trading days to pass (15 days on Mini, 30 on other sizes). Funded payouts follow the published withdrawal rules.
- Profit split
- 90–100%
- Payouts
- Processed every Monday and Thursday (withdrawal article updated 22 Jul 2026)
- First payout
- After 5 qualifying trading days; minimum $250
- Max allocation
- $300,000
- Min trading days
- 2
- Platforms
- VolFix
Pricing notes
Captured 10 Nov 2026 (20% automatic sale until 22 Nov 2026, not Mini): Mini $40 / 15 days, $0 activation, $30 restart; Small $40 + $109 activation, $35 restart; Medium $45 + $129, $39 restart; Large $89 + $139, $69 restart; Max $149 + $149, $99 restart; Extra $169 + $169, $139 restart. Subscriptions do not auto-extend.
No Activation Fee
Same one-step Qualifying Session as Standard, billed as a higher subscription with no activation fee; $10K–$300K.
- Profit split
- 90–100%
- Payouts
- Processed every Monday and Thursday (withdrawal article updated 22 Jul 2026)
- First payout
- After 5 qualifying trading days; minimum $250
- Max allocation
- $300,000
- Min trading days
- 2
- Platforms
- VolFix
Pricing notes
Captured 10 Nov 2026 (20% automatic sale until 22 Nov 2026, not Mini): Mini $40, $30 restart; Small $60, $50 restart; Medium $65, $55 restart; Large $120, $89 restart; Max $169, $99 restart; Extra $249, $149 restart. Subscriptions do not auto-extend.
Instant Funding
Direct Funded
One-time Direct Funded path with no Qualifying Session; $10K–$300K. Homepage listed a 20% consistency target on this path.
- Profit split
- 90–100%
- Payouts
- Processed every Monday and Thursday (withdrawal article updated 22 Jul 2026)
- First payout
- After 5 qualifying trading days; minimum $250
- Max allocation
- $300,000
- Platforms
- VolFix
Pricing notes
Discounted homepage prices captured 10 Nov 2026 (20% automatic sale until 22 Nov 2026, not Mini): Mini $100, Small $240, Medium $360, Large $488, Max $584, Extra $800.
Trading rules
What's allowed, what isn't
Asset classes supported
Not offered: Stocks, Options, Forex, Crypto
Scaling rules
A scaling plan is listed among the Funded Session Rules (docs.lmitrade.com, checked 10 Nov 2026).
Consistency rule
Consistency rule
Qualifying Session: best day must not exceed 51% of the current profit target (52% Mini) or the target is recalculated (rules updated 28 May 2026). Funded Session: 50% of total gain since the last payout on ordinary funded accounts; 20% on Direct Funded (updated 10 Oct 2026).
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Pros & cons
A balanced view based on documented terms
Strengths
- +Identifiable UK company (Liberty Market Investment Ltd, 12254047) with current filings
- +Long-running brand: domain registered 2017, site captured from June 2018
- +Published legal pages, rulebook and profit-split article; trading disclosed as simulated
- +Some reviewers report receiving payouts
- +No regulator warnings found against this firm (checked 10 Nov 2026)
Trade-offs
- −The homepage says “NO Payout Denials”, but a 7:1 help article that describes payout denials was still live on 10 Nov 2026
- −Official help pages disagree on payout days and whether payouts are capped
- −The independent review base is small
- −Consistency, Safety Net and qualifying-day rules apply before a payout
- −Fees are generally non-refundable except for statutory rights and billing errors
LMI Trade FAQs
Based on terms reviewed Nov 10
What should traders verify before choosing LMI Trade?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with LMI Trade before purchasing.
Does LMI Trade offer evaluation and instant-funding options?+
LMI Trade offers an evaluation (challenge) path and an instant-funding path. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do LMI Trade's payouts and profit split work?+
The published profit split is up to 100% of net profits to the trader, depending on the program; payout frequency: Processed every Monday and Thursday (current withdrawal article, updated 22 Jul 2026). Methods described as SWIFT/SEPA, PayPal, or crypto where those are unavailable.; first payout eligibility: After 5 qualifying trading days; minimum $250. Safety Net = drawdown limit plus $100; only profit above it is eligible. Per-request caps rise with payout number.. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
How does LMI Trade's scaling plan work?+
LMI Trade publishes a scaling ceiling of up to $300,000 through scaling. A scaling plan is listed among the Funded Session Rules (docs.lmitrade.com, checked 10 Nov 2026). A scaling ceiling is the maximum allocation reachable over time — not the size of an initial funded account.
Which platforms and markets are available at LMI Trade?+
Platforms: VolFix. Markets: futures. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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