Open Zecco Forex Get $200

Just got an email from Zecco.

Open a Zecco Forex acct, deposit $10,001 and Get $200 after your first trade

Have to keep bonus $200 in there for 90 days before withdrawing.

It appears you can withdraw initial $10k after getting the bonus..

Offer ends July 31st

Basically you earn 2% interest on your $10k for a couple of days work?

and posted here

Updated the QS with some useful info from the other thread that jackcrawfish found out.

Approval is rapid. I was logged in to my account within 45 minutes of initial application. "Congratulations, your Zecco Forex application has been approved!"I called and was also told there is no hard credit inquiry.

Dang it... Couldn't the threads have been consolidated rather than locking the one with all the relevant questions/discussion?

Anyway:
To qualify for cash bonus, you must open and fund a new Zecco Forex trading account by July 31, 2009. After first trade is initiated, cash bonus will be deposited to your account within 3-5 business days (1). Existing Zecco Forex customers who have funded and traded are not eligible to receive this promotion (2).

(1) Doesn't sound like you need to keep your 10k in after you receive your bonus.
(2) Damn-it to hell, looks like existing (or previous) Succo customers are out.

Warning to anyone who actually trades with Zecco, especially day trades with larger positions, I had their entire system go down on me about 3 times in a few months last year. The first time, I watched in disgust as a $800 winner turn into a $500 loser as it plummeted through all my stops which never activated... Infuriated I waited on hold for almost an hour as not even the website was available.

The good news is that by the time I actually got through to someone the position was only down $500, whereas a half hour ago it was down over $1.2k... Zecco's response? "Sorry." Then they actually had the nerve to try and charge me for a broker assisted trade. Never day traded with Zecco again, but tried multi-day position trading only to see more of the same garbage for a few months. Left, never went back and am happy about it.

Get in, get your bonus, get out.

jackcrawfish said: Approval is rapid. I was logged in to my account within 45 minutes of initial application. "Congratulations, your Zecco Forex application has been approved!"I called and was also told there is no hard credit inquiry.
jackrawfish: Can you still fund with your CC (I mean by logging into your a/c now; after the appl. process is complete)?

CreditGuy said: The Zecco Forex division seems to be run through Gain Capital, which is behind several other Forex firms as well, such as forex.com. Forex.com accounts can be funded by a credit card--but when you want to withdraw money, withdrawals may be done by a credit to the same credit card used for the initial funding. This reverses any credit card rewards earned.

I can't find any information on the Zecco site that clarifies this issue for its Forex product. So consider this note a warning to be careful--or to not count on the credit card rewards...
Thanks for the heads up! If what you say is true for Zecco as well, the CC funding can at best be used as a float and not lose any interest while the money is lying in your zecco a/c.
Do you have personal experience with forex.com or is the withdrawal policy documented somewhere in forex.com?

uutxs said: CreditGuy said: The Zecco Forex division seems to be run through Gain Capital, which is behind several other Forex firms as well, such as forex.com. Forex.com accounts can be funded by a credit card--but when you want to withdraw money, withdrawals may be done by a credit to the same credit card used for the initial funding. This reverses any credit card rewards earned.

I can't find any information on the Zecco site that clarifies this issue for its Forex product. So consider this note a warning to be careful--or to not count on the credit card rewards...
Thanks for the heads up! If what you say is true for Zecco as well, the CC funding can at best be used as a float and not lose any interest while the money is lying in your zecco a/c.
Do you have personal experience with forex.com or is the withdrawal policy documented somewhere in forex.com?

Also, what about ACAT transfers to another brokerage and then withdrawing the money.

check or via wire ....

pthor1231 said: jolapo said: Can somebody explain a little bit how to trade option contract? I did my research, but still don't know how to do that at Zecco Forex.

Or anyone knows another cheap way to get the bonus?

Check this post in the locked thread.

I did read that. But I can't find the right place to do it in their Java trading platform. Any advises?

Hard or soft pull??

azygous said: Hard or soft pull??
See Here

read both threads and you'll get answers to all your questions. Don't know why this is a GREEN post. Red.

DiscountSAE said: I just opened my Zecco Forex account.

Looking for the answer to the following answers / confirmations.

It has been stated that you can only fund $5000 on a credit card, but I didn't see that anywhere on the funding instructions page. I would like to fund all $10,001 to a credit card, or even more if possible. Please let me know your experiences on credit card funding.

1. Credit card funding limit that Zecco imposed
2. How you funded your remaining initial deposit if there was a credit card limit.
3. Was your credit card funding counted as a purchase or a cash advance?
4. Do you know whether a credit card funded deposit has to be withdrawn to the originating credit card (this is common with FOREX brokers), or can you withdrawal the money with a ACH or check?
5. Any other hidden charges/fees from ZECCO / Gain Financial for using a credit card to fund your account?

P.S. I am bummed that I missed out on the optionsxpress easy $500 (never heard of the offer until today).

walletfart said: JTFH said: Dang it... Couldn't the threads have been consolidated rather than locking the one with all the relevant questions/discussion?

Anyway:
To qualify for cash bonus, you must open and fund a new Zecco Forex trading account by July 31, 2009. After first trade is initiated, cash bonus will be deposited to your account within 3-5 business days (1). Existing Zecco Forex customers who have funded and traded are not eligible to receive this promotion (2).

(1) Doesn't sound like you need to keep your 10k in after you receive your bonus.
(2) Damn-it to hell, looks like existing (or previous) Succo customers are out.

Warning to anyone who actually trades with Zecco, especially day trades with larger positions, I had their entire system go down on me about 3 times in a few months last year. The first time, I watched in disgust as a $800 winner turn into a $500 loser as it plummeted through all my stops which never activated... Infuriated I waited on hold for almost an hour as not even the website was available.

The good news is that by the time I actually got through to someone the position was only down $500, whereas a half hour ago it was down over $1.2k... Zecco's response? "Sorry." Then they actually had the nerve to try and charge me for a broker assisted trade. Never day traded with Zecco again, but tried multi-day position trading only to see more of the same garbage for a few months. Left, never went back and am happy about it.

Get in, get your bonus, get out.

It says previous Zecco Forex customers. If you are just a normal Zecco trading customer, then you should still qualify.

I got an email about it sent specifically to my Zecco Trading email, so I would certainly hope so.

DiscountSAE said: It may be a better deal for all of you if you have another forex trading account to go directly to www.forex.com to open an account rather than going through Zecco they will offer you up to $250.00

Link? I don't see it on their home page.

walletfart said: JTFH said: Dang it... Couldn't the threads have been consolidated rather than locking the one with all the relevant questions/discussion?

Anyway:
To qualify for cash bonus, you must open and fund a new Zecco Forex trading account by July 31, 2009. After first trade is initiated, cash bonus will be deposited to your account within 3-5 business days (1). Existing Zecco Forex customers who have funded and traded are not eligible to receive this promotion (2).

(1) Doesn't sound like you need to keep your 10k in after you receive your bonus.
(2) Damn-it to hell, looks like existing (or previous) Succo customers are out.

Warning to anyone who actually trades with Zecco, especially day trades with larger positions, I had their entire system go down on me about 3 times in a few months last year. The first time, I watched in disgust as a $800 winner turn into a $500 loser as it plummeted through all my stops which never activated... Infuriated I waited on hold for almost an hour as not even the website was available.

The good news is that by the time I actually got through to someone the position was only down $500, whereas a half hour ago it was down over $1.2k... Zecco's response? "Sorry." Then they actually had the nerve to try and charge me for a broker assisted trade. Never day traded with Zecco again, but tried multi-day position trading only to see more of the same garbage for a few months. Left, never went back and am happy about it.

Get in, get your bonus, get out.

It says previous Zecco Forex customers. If you are just a normal Zecco trading customer, then you should still qualify.
I called and asked this, they said that Zecco stock trading customers would indeed still qualify for the Forex bonus.

VerbalK said: DiscountSAE said: It may be a better deal for all of you if you have another forex trading account to go directly to www.forex.com to open an account rather than going through Zecco they will offer you up to $250.00

I wonder if anyone would dare double dip by xfering from zeccoforex to forex.com for another 200 bonus plus a 50 dollar xfer bonus?

I know it's the same company, but the terms specficially state "zecco forex" and "forex.com".

Interesting, it's still $200 at FOREX, but the extra $50 is if you show proof that you withdrew money from another forex dealer (Zecco Forex?). I guess it would be worth a shot once we get the Zecco Forex bonus.

When people check their credit card funding, post if it's treated as a purchase or cash advance please!

Let me know if the credit card funding is treated as purchase or cash advance once we know FOR SURE. THANKS!

It seems that there is $250 minimum balance required for the mini account.
http://www.zecco.com/forex/support-account-funding.html

Is it just visa/mastercard or can us Amexites play? It's not super clear on the web page. Other than Mastercard.

USrules said: 3/28 I was able to withdraw nearly the entire balance of 2 accounts in checks of less than 2.5k each by now. That seems to be the magic number.
Got a few phonecalls but as long as I kept the checks at less than that amount I didn't have to bother with faxing any forms...

EDIT 3/31 - With several k left in the account they now want me to send them a copy of my original funding CC...Any update? Did you ultimately send a copy of your original funding source?