Just got this enter promo code cash08, must make 10 roundtrip trades to get bonus. There are no commissions (it is built into the spread) maybe someone will take advantage of this.
Open and fund your account by December 31st, 2008 and earn up to $250* just by entering promo code CASH08 when completing your online account application. If you have any questions, please call us at 877.367.3946. Open your account today! When you deposit - Earn a cash bonus Click to fund your account now Don't face the market alone. Trade with FOREX.com in your corner Open and fund your account today with $1,000 or more and you'll not only earn a cash bonus, you'll also receive a complimentary trading consultation with a FOREX.com Market Strategist to help you make sense of the markets and plan your trading approach.
Familiarize yourself with forex trading and our tools, create or refine your trading plan - even get custom trade set-ups tailored to your goals. Our Market Strategists are here to help you learn about the currency markets and what FOREX.com has to offer - it's that simple.
Get active. Earn cash. And get ready to tackle the world's most-traded marketplace. Start trading today!
Click to open your account today >>
* Offer expires December 31, 2008. Cash bonus will be added as equity to your trading account within 5 business days of initial account funding. Withdrawal of cash bonus is contingent upon execution of a minimum number of round trip trades (round trip is defined as the buying and subsequent selling of one currency pair) in accordance with the following schedule: A) $50 requires 2 round trip trades, B) $100 requires 5 round trip trades, C) $250 requires 10 round trip trades. Minimum trades must be completed within 90 days of initial account funding. Existing FOREX.com customers who have funded and traded are not eligible to receive this promotion. Accounts referred by an Introducing Broker are not eligible to receive this promotion. This offer is non-transferable.
waht is the difference between mini account and standard account?
kjgco
Senior Member - 1K
posted: Dec. 13, 2008 @ 7:34p
mysteryAgain said: waht is the difference between mini account and standard account?From their web site: A mini account is ideal for traders new to the Forex market, with a minimum deposit size of $250 and smaller trade sizes (10,000) higher leverage (200:1). A standard account is for those investors who are comfortable trading the Forex market. The minimum account balance for a standard account is $2,500, contract size of 100,000 and maximum leverage of 100:1.
FloorsMat
Senior Member
posted: Dec. 13, 2008 @ 7:46p
Can you buy USD/EUR and EUR/USD at the same time?
asharerin
Senior Member
posted: Dec. 13, 2008 @ 8:03p
Thanks OP. Wife and I will open 2 accounts tomorrow and pick up an easy $500 cash. Nice find.
The promotion isn't listed because it was a direct marketing offer via e-mail. You can call the number provided if you have any questions. I probably got the offer because I opened a free practice trading account, but never funded it.
Currency prices change in pips(decimal points), for instance right now it can be 1.0001 USD to CAD, but in the next minute it can be 1.0004 so as long as you make a small trade your potential loss is minimal. They give you massive leverage though, so you must restrain yourself from making a crazy large trades.
If anyone wants me to forward them the e-mail PM ME.
hkguyatus
Member
posted: Dec. 13, 2008 @ 8:56p
Can anyone answer FloorsMat's question: "Can you buy USD/EUR and EUR/USD at the same time?" From my understanding, if you could buy USD/EUR and EUR/USD at the same time in a mini account, the most you can lose is the spread for the pair. If EUR/USD is 1.4616/19 in 10,000 size, you lose $3 on each pair. Doing 10 of these would net you $250 - $30 (depends on the spread) = $200~ish. Any expert please correct me if I am wrong.
FloorsMat said: Can you buy USD/EUR and EUR/USD at the same time?
might get a little scrutiny for "bonus abuse"....better to take opposite sides of the same trade in two accounts with a partner. That's what we did for a bunch of sportsbook bonuses with minimum wager requirements back in the day
hkguyatus said: Can anyone answer FloorsMat's question: "Can you buy USD/EUR and EUR/USD at the same time?" From my understanding, if you could buy USD/EUR and EUR/USD at the same time in a mini account, the most you can lose is the spread for the pair. If EUR/USD is 1.4616/19 in 10,000 size, you lose $3 on each pair. Doing 10 of these would net you $250 - $30 (depends on the spread) = $200~ish. Any expert please correct me if I am wrong.
Technically, you cannot buy USD/EUR and EUR/USD at the same time since there is no USD/EUR pair in the spot forex world. However, you can hedge the pair by long and short the EUR/USD concurrently (if the broker allows). I did not see if the 10 round trip trades have to be in standard lots or mini lots.
Anyway, if you want to get your feet wet in forex, learn it from the great site Babypips. Forexfactory is an excellent and popular forum among forex traders. There are a lot of scams involving forex brokers, read them here. Enjoy!!!
Want to be a forex millionaire? Start with a billion.
MikeR397
Senior Member - 3K
posted: Dec. 13, 2008 @ 9:54p
I agree, we need a link to the main promo page, so we can screenshot the terms. I can't find it on google. Anyone?
MikeR397
Senior Member - 3K
posted: Dec. 13, 2008 @ 9:55p
AND THIS BETTER NOT TURN OUT LIKE THE OPTIONS EXPRESS PROMO.
MikeR397 said: AND THIS BETTER NOT TURN OUT LIKE THE OPTIONS EXPRESS PROMO.
Working fine for me... so far!
asharerin
Senior Member
posted: Dec. 13, 2008 @ 10:26p
FloorsMat said: Can you buy USD/EUR and EUR/USD at the same time?
No you cannot. You may buy eur/usd and then sell eur/usd for the same amount hence completing the round trip (or sell eur/usd and then buy eur/usd). Each pip on a $10,000 USD trade is $1. With a 2 pip spread on a mini account you are therefore looking at $4 for a round trip if you open and close at the same price. The quietest time for trading is Sunday afternoon PST and late Friday PST. Hopefully they maintain that 2 pip spread during these quiet time periods.
Xyrus2
Member
posted: Dec. 13, 2008 @ 10:42p
Playing in FOREX with "retail" accounts is sort of like playing game of financial Russian Roulette due to the insane leverages. Get the free cash, get out, and invest in something safer. FOREX is about as risky as it gets.
~X~
tmolloy
Member
posted: Dec. 14, 2008 @ 12:12a
funkxl said: Cash bonus will be added as equity to your trading account within 5 business days of initial account funding. ...Minimum trades must be completed within 90 days of initial account funding.
This is a little confusing. On what basis is the cash bonus based? Is it a deposit minimum or a trade minimum? If it's a trade minimum, how can they deposit the bonus within 5 days when you have 90 days to do the minimum trades? If it's a deposit minimum--how much for each tier?
Tom
Xeon852
Senior Member - 1K
posted: Dec. 14, 2008 @ 11:36a
YMMV on this:
Chat InformationPlease wait for a site operator to respond. Chat InformationYou are now chatting with 'Xenia' Xenia: Hello, welcome to FOREX.com. May I have your email address to better assist you? Xeon852: <removed> Xenia: Thank you for your information, how may I assist you? Xeon852: A friend forwarded me an email from you with a promo code of CASH08 in it where you can qualify for a bonus of up to $250. Can I use that code or is it only for people who got the email? Xenia: This is a promotion that we had a few months ago, and does not currently apply. However, if your friend is already trading with us, you can both qualify for such a cash bonus just for the referral. Xenia: It also depends on what amount you are looking to start with. Xeon852: i was thinking about $1000 just to start off Xenia: Ok this would entitle you and your friend to a $50 cash bonus. You can get a better idea of the referral program at the following link: Xenia: Click here http://www.forex.com/referral.html Xeon852: thank you for your help
Just spoke with a representative from Forex -- he said that offer is still valid and ongoing as long as you meet terms in the promotion.
Xeon852
Senior Member - 1K
posted: Dec. 14, 2008 @ 12:48p
mysteryAgain said: Just spoke with a representative from Forex -- he said that offer is still valid and ongoing as long as you meet terms in the promotion. Yes the response I got sounded suspicious - since the offer clearly says it is good til 12/31/08. However, without a copy of the actual offer, it will be tough to proove you qualified if they don't honor it. Not saying it doesn't exist - simply YMMV.
AmiableAlien
Happy Member
posted: Dec. 15, 2008 @ 1:14a
Chat InformationPlease wait for a site operator to respond. Chat InformationYou are now chatting with 'Goran' Goran: Hello and welcome to Client Services. May I have your User ID (account number) or email address to better assist you? you: Hi!! you: I am planning to open a new account and have a questions regarding account opening you: Can you help me with that? Goran: Sure. you: I want to open up a forex account ... you: and want to take benefit of a promotion a friend told me.. you: however, I do not know all the conditions of the promotion.. you: I have the promotion promo code .. that my friend told me .. you: can you tell me the promo conditions based on the code ? Goran: Sure, what is the code? you: It's CASH08 Goran: One moment please. you: SURE Goran: I am sorry, but that promotion had expired on August 30th. you: My friend told me that it is supposed to expire on 12/31.. you: can you check if there is similar/another promotion ending on 12/31? Goran: I am sorry, but that is not correct. The CASH08 promotion had expired in August. It also did not apply to new accounts, but existing accounts which had not yet been funded. Goran: Currently, you would only be eligible for a Friend Referral bonus. You can read more about the Friend Referral program at the link below: Goran: Click Here you: Thanks for the information
kjgco said: mysteryAgain said: waht is the difference between mini account and standard account?From their web site: A mini account is ideal for traders new to the Forex market, with a minimum deposit size of $250 and smaller trade sizes (10,000) higher leverage (200:1). A standard account is for those investors who are comfortable trading the Forex market. The minimum account balance for a standard account is $2,500, contract size of 100,000 and maximum leverage of 100:1.
Higher leverage for those less familiar with Forex? Brilliant!
sweetbutter
Senior Member
posted: Dec. 15, 2008 @ 8:51a
So how does it work? What's a pip? So is it like this: you dep usd, trade it into Euro or Yen or Pound or CAD.....wait until currency increase in value...trade back into USD? so the spread is like an eagle spread or something else? what all those methods? like butterfly and craps? are they making these stuffs up? I thought only banks can trade currency in mass amount? I thought traditionally you must have foreign accounts to do these kind of things. What going on with the world? Sorry I'm just back from civilization.
Please wait for a site operator to respond. You are now chatting with 'Brent' Brent: Hello funk, welcome to FOREX.com. May I have your account number (User ID) to better assist you? Brent: Hello, welcome to FOREX.com. May I have your email address to better assist you? funk: xxxxxxx funk: I currently have a practice account Brent: How can I help you? funk: I received and e-mail with a promo CASH08 that said I would receive $250 dollars for making a deposit, is this still valid? funk: it says I have until dec 31st Brent: No I believe this has expired. funk: can you please double check, I just received the email a few days ago.... funk: why would your marketing team send me an expired promo? Brent: Sure. Brent: I'm sorry your right. Brent: We just started it up again. funk: so if I fund my new account, I will get my bonus deposit? Brent: That is correct.
nikoftime
New Member
posted: Dec. 15, 2008 @ 1:41p
Hello everyone,
My wife and I spoke to some cust. service reps and they all had different information. Finally, one of them gave us this page, which is clearly the promotion we're discussing:
Get up to $200 bonus: Cash Bonus: When You Deposit: $200 $10,001 + $100 $2501 - $10,000 $75 $1001 - $2500 $50 Up to $1000
*To qualify for cash bonus, you must open and fund a new FOREX.com trading account by March 31, 2009. After first trade is initiated, cash bonus will be deposited to your account within 3-5 business days. Cash bonus cannot be withdrawn within 90 days of initial funding. Existing FOREX.com customers who have funded and traded are not eligible to receive this promotion. Self-directed trading accounts only; managed accounts and accounts referred by an Introducing Broker are not eligible to receive this promotion. Limit one cash bonus per customer. This offer is non-transferable.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
