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Open Zecco Forex Get $200 in: Subjects › Investing

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

Don't think you can use AMEX (I'm trying and keep getting "Invalid Credit Card Number" errors). Bummer, was hoping for 10k starwood points!

In my limited experience, I don't recall AMEX working for funding any deposit type accounts. AMEX was great for travelers checks and now dollar coins.


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anyone here tried with this a bank of america credit card like the charles schwab? and this will be a purchase?

Yea it is true that the rep said it would be a purchase, but it is up to the bank to decide at the very end what it is determined. Because some banks may reclassify it as a cash advance

Message edited by: RagingBull on 2009-07-08 22:16:31 CDT
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nm

Message edited by: jackcrawfish on 2009-07-09 08:36:41 CDT
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carefreeninja said:I am totally new to options trading and opened account only for the bonus.
Can somebody please post steps on how to put a trade for minimal amount?

This is a FOREX account (Foreign Currency) not options. Pleaase see http://www.investopedia.com/terms/forex/f/forex-accounts-managed... for an explanation for a Forex account. Trading FOREX carries A LOT of risk, be advised.


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DiscountSAE said:carefreeninja said:I am totally new to options trading and opened account only for the bonus.
Can somebody please post steps on how to put a trade for minimal amount?


This is a FOREX account (Foreign Currency) not options. Pleaase see http://www.investopedia.com/terms/forex/f/forex-accounts-managed... for an explanation for a Forex account. Trading FOREX carries A LOT of risk, be advised.

He is not assuming A LOT of risk if he's only interested in doing the bare minimum to get the bonus. And I would like my hand held on this one too. Pretty please - with sugar on top.


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I never dealed with Forex or trading for currency before. So what's the minimum amount $ for a single trade? Just to reduce the risk?
thanks!


DiscountSAE said:carefreeninja said:I am totally new to options trading and opened account only for the bonus.
Can somebody please post steps on how to put a trade for minimal amount?


This is a FOREX account (Foreign Currency) not options. Pleaase see http://www.investopedia.com/terms/forex/f/forex-accounts-managed... for an explanation for a Forex account. Trading FOREX carries A LOT of risk, be advised.


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Yeah, I concur. I just funded my account and have no idea how to trade. I don't want to learn forex, just looking for a step by step to make a minimum trade. I think I already screwed up my choosing a standard account rather than mini.


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And on another note, to make sure I get to 10,001 (even though the terms say 10K should qualify), I used a Rewards checking debit. This looks like it might be a good way to get your required debit card purchases (though abuse will surely kill it eventually)


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i called up and was informed that there you cant trade options through your forex account

the best option that i see is to trade xau/usd which is Gold the 1 lot is 10 ounces of gold with a 50 cent spread it would cost $5
second best xag/USD which is silver and 1 lot is 500 ounces with a 5C spread it would be about $20


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just did the trade
Here is my step by step
On the left side click on the Xau/Usd that will ad that to the top then by lot i typed 1 hit buy then i hit continue typed in 1 and then hit sell i did this on two accounts one account cost me $8 and the other one the trade cost $5
Time to get my money out on second thought maybe i leave the money in until the bonus posts

Message edited by: mmy613 on 2009-07-09 11:08:19 CDT
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I did the xau/usd as well. I placed a bid at 150.80, and then I sold it at 150.70. The loss is $1. Is there any charge on top of that?

I guess if I give it a longer time, I may earn $1 instead of losing $1. But anyway, this is not a game for me. Too much pressure. I will just wait for the bonus to show up and then do a withdraw.


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Can you do pre market and post market trading with Zecco ?


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mmy613 said:just did the trade
Here is my step by step
On the left side click on the Xau/Usd that will ad that to the top then by lot i typed 1 hit buy then i hit continue typed in 1 and then hit sell i did this on two accounts one account cost me $8 and the other one the trade cost $5
Time to get my money out on second thought maybe i leave the money in until the bonus posts

Are you sure you need to Buy and then Sell. I was told by a CSR to buy and then square the position by from the bottom half of the screen. I can't connect to zecco else I could tell exact steps I followed.


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carefreeninja said:mmy613 said:just did the trade
Here is my step by step
On the left side click on the Xau/Usd that will ad that to the top then by lot i typed 1 hit buy then i hit continue typed in 1 and then hit sell i did this on two accounts one account cost me $8 and the other one the trade cost $5
Time to get my money out on second thought maybe i leave the money in until the bonus posts

Are you sure you need to Buy and then Sell. I was told by a CSR to buy and then square the position by from the bottom half of the screen. I can't connect to zecco else I could tell exact steps I followed.

Yes, you can use square to liqudate your position. At the left bottom of the screen, select "Position" and you will see all the positions you own. There is a SQR button on each row. Just click it and you can sell all.


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Called my credit company, they won't lower my cash advance limit.
Will wait till I see the reports from brave guys.


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Bit on this, $200 was too good to pass up. Split the deposit across three cards, called the zecco rep beforehand to re-confirm that it would be treated as a purchase. Charged 5K to one card with a 3500 cash advance limit, it shows a pending charge from GAINCAPITAL for 5K.

The CSR also informed me that any deposits within 24 hours of the initial deposit will also be counted along with the initial deposit.

Message edited by: jinju on 2009-07-09 15:35:59 CDT
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chase Amazon visa classified as purchase. Also, Chase Amazon.com CC denied the charge at first (fraud concerns) and required a phone call to clear things up...others might want to call first.


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Looks like a GREAT first purchase on my new Chase Sapphire Card to trigger the $250 bonus!


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does all $10000 need to be executed on 1 trade and how long must you buy before you can sell, or can I just buy 1 share of coca-cola and then sell it the next day?


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mmy... trade

sugarlessninja has an alternate plan it seems (something about squares and permutations)

Message edited by: jackcrawfish on 2009-07-09 15:51:51 CDT
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