Liberty Market Investment (LMI) futures prop firm review – Red flags detected!

Liberty Markets Investment, or LMI in short, is a prop trading company that offers traders funded accounts ranging from 10k to 300k dollars and only allows for futures trading. LMI prop firm fees are monthly subscription fees, which is a common practice among futures prop firms. Monthly fees start from 70 bucks on 10k funded accounts and traders can get up to 90% profit split.

In this LMI review, we are going to assess the firm’s most important features such as safety, fees, rules, funded options, platforms, assets, support, and more. After reading this review, you will decide whether LMI can be trusted.

Overall

Liberty Market Investment provides funded futures accounts with flexible risk rules and a competitive profit-sharing model. LMI prop trading firm has a 90% profit share, a 70 USD monthly fee on 10k funded futures accounts, and requires traders to meet simple rules while hitting the profit target. There are several red flags such as a lack of trader reviews, and a 100% profit split for the first 30k USD withdrawals, which is a very high amount, making the firm’s legitimacy questionable.

Pros & cons of LMI prop firm

Pros

• ✅ Offers up to 90% profit split, with a 100% split on the first $30,000
• ✅ Provides a free 14-day trial, allowing traders to test its conditions
• ✅ There are no daily loss limits
• ✅ Offers competitive monthly fees starting at $70, lowering entry barriers for beginners
• ✅ Allows traders to speculate on a wide range of futures instruments

Cons

• 🚫 Lacks adequate online reviews and reputation on key platforms like FPA and Trustpilot
• 🚫 Only supports one trading platform, the Volfix futures platform
• 🚫 Does not offer an account scaling plan
• 🚫 Does not offer live chat or phone support, only email support is available
• 🚫 Does not partner with regulated brokers, which raises concerns about its safety

Safety of LMI

LMI reviews are lacking on both FPA and Trustpilot. This is an important component of safety criteria, and lacking online reviews is never a good sign for a prop firm. This is especially true when the firm has been around since 2021, giving it years of experience in the field. Liberty Market Investment, or LMI, has a total of 5 reviews on Trustpilot, and all of these 5 are 5-star evaluations. However, this is nowhere near enough to define the firm as having positive trader feedback. The firm is not associated with any regulated brokers, which is another red flag that can not be underestimated.

Overall, Liberty Market Investment did not give us any clue about its safety, and we advise our readers to exercise extreme caution when dealing with such firms. The firm might not be a scam, but it definitely lacks some crucial safety features.

LMI Funding and maximum capital allocation

LMI funded programs consist of several funding options, but there are no various funded account types, which is a downside of this firm. The full list of LMI funding options includes 10k, 30k, 50k, 100k, 150k, and 300k USD amounts. All LMI challenges are 1-step accounts where traders are required to hit the profit target once they get funded and start trading for profits. The lack of different funded challenge types is a drawback as some traders might prefer 2-step or instant accounts and the firm is not attractive enough for traders with diverse needs and preferences. This is probably why the firm has so few reviews from traders. On the other hand, the firm offers a simple 1-step approach to funding, which might be attractive for trailers who prefer simplicity.

LMI scaling plan is not available at the moment, which is another downside for the firm. Overall, LMI offers very mediocre experience in the funding department as well.

LMI Assets

LMI prop trading assets are only futures and the firm does not allow speculating on other assets. Allowed futures include CME equities, Forex, cryptos, NYMEX, agricultural, CBOT Agricultural, CBOT Equity, CBOT Financial/Interest Rate, COMEX, and EUREX futures. All these instruments are futures from diverse markets. The firm allows traders to open positions from 2 lots at 10k to 30 lots on 300k accounts.

LMI Trading rules and limitations

LMI rules require traders to maintain strong risk control and follow other important requirements such as consistency. Traders can not make a profit from a single trade that is more than 51% of total profits. Each of the funded options comes with different profit targets and risk limits.

LMI 10k USD funded account has the following requirements:

• Profit target – 700 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 500 USD
• Maximum position size – 1

The LMI 30k USD funded option has the following rules:

• Profit target – 2,000 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 1,500 USD
• Maximum position size – 3

50k USD challenge rules:

• Profit target – 3,000 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 2,000 USD
• Maximum position size – 5

100k USD funded challenge requirements:

• Profit target – 6,000 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 3,000 USD
• Maximum position size – 10

150k USD challenge rules:

• Profit target – 9,000 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 4,500 USD
• Maximum position size – 15

300k USD rules:

• Profit target – 20,000 USD
• Daily loss limit – No Daily Loss Limit
• Maximum trailing drawdown – 7,500 USD
• Maximum position size – 30

Overall, LMI offers attractive requirements and traders have to hit small profit targets and maintain maximum trailing drawdown tight to pass the challenge and get funded status.

LMI Fees

LMI has a monthly subscription fee structure where traders have to pay a certain fee depending on the account size every month. This is a common practice among futures prop trading firms, and all of them require traders to pay fees every month. Each of the funded options has a different monthly fee and requires different restart costs.

Here are monthly payments and restart costs for each of the funded options offered by Liberty Market investment:

• Funded amount: 10k USD – monthly fee & restart cost: 70 USD, 30 USD
• 30k USD – 140 USD, 50 USD
• 50k USD – 155, 50 USD
• 100k USD – 300, 80 USD
• 150k USD – 350, 90 USD
• 300k USD – 650, 120 USD

As we can see, the smallest account size which is 10k USD in funding costs 70 dollars per month.

LMI free trial is offered for 14 days when traders can test the firm’s conditions such as platform, spreads, commissions, and so on.

LMI free repeat is not available and traders should pay restart costs when they fail in the challenge. Overall, LMI fees are competitive when compared to other futures prop firms available nowadays.

LMI Platforms

Liberty Market Investment only allows Volfix trading platform for futures trading. If traders try to use any other software, they will get disqualified instantly. The platform allows traders to speculate on futures and comes with all the necessary features. There are no other platforms supported, which is a drawback of the LMI futures prop firm.

LMI Profit-Sharing

LMI profit split is 90% and traders can get up to 100% on the first 30k USD withdrawals. This is a minor red flag as the firm allows too much profit withdrawal at 100% profit-sharing, meaning it won’t make any money unless the trader withdraws above this amount. This is suspicious and might indicate conflicts of interest. Overall, the profit sharing is very competitive and attractive by LMI, but the 30k withdrawals with a 100% profit split raise some questions about its legitimacy.

Education and trading tools at LMI

The firm offers a blog that covers important news and events and offers various schedules for these events. There are no other sources for education such as courses, webinars, or video guides, which is a downside of LMI. In the blog, there are some guides about free trials and other products offered by the firm itself, but no resources for trading education.

Overall, LMI falls short of the education department and does not offer comprehensive learning materials.

Customer Support at LMI

When it comes to customer support experience, LMI falls short here as well. There is only an email channel available for support, and the firm lacks live chat support and phone support. This makes it a lengthy and frustrating process to contact the firm in case something goes wrong. The website is multilingual, but support is not, which is yet another downside of the firm.

Frequently Asked Questions on LMI