You need to be little bit more strategic. For example: Don't go to the bathroom.

VerbalK said:Well I almost made a profit, bought gold, jump up about 5 dollars, went to the bathroom, down 7 dollars. Oh well, I'm definetly not going to become a forex junky, thats for sure.

RagingBull said: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
Back when it was MBNA, they req-classified a neteller transaction (which was processed as a purchase) as a cash advance and hit me up for the cash advance fee. No clue if they still do it, but I was going to play it safe and use my Penfed card since it has no cash advance fee.

Anyone find out if you can pull credit card deposits out by check? On one of the withdrawal pages I saw, it said that it was only for deposits made by check or wire transfer. I emailed the rep that called me when my account was approved, I'll see what she says. Also, she told me all deposits within 72 hours of each other count towards the bonus.

I'm kind of weary about doing the $10k if they make withdrawal a pain. I'm tempted to go for just the $2501 for the $100 reward. May hold out a bit and see what results others see.

carefreeninja said:Did somebody withdraw the money using Zecco wire transfer?
On second thoughts - If Zecco keeps on letting us add money thru Credit card then CashBack opportunity is unlimited.forget it... you'll get called out immediately for laundering (or the appearance of)...

Currentbydiscover....
StateFarm gift card...
aafcu....

all dead options because of abuse..... don't do it...

use common sense.

edit: full disclosure (I gamed M & T bank too hard back in March 2009)

People who do not have $10,000+ to invest can take advantage of this offer in different way (I'm going to try):

1) Open an account with $2501 and get $100
2) Open another with your spouse and get $100
3) Open a joint (with children or spouse) and get another $100

$200 by investing $5002
$300 by investing $7503.

Chase Freedom is not processing this funding you may need to call customer care and need to confirm that you did this transaction then they will unblock your card , 2nd time you can fund this account using the same card.

wca53 said:Becareful for those who funding by credit card, I got hit by cash advance, not worth the trouble. Too much risk for too little money. I will never do it again, I will just go with my Coin purchase deal, so far is the safest deal.
Ouch!!
Care to share which Credit card.

when your funds available for trading? I opened my account and funded $20,0000 with credit card last night, got approved this morning. But account balance is still zero by now. Just wondering when I can make the trade and withdraw my money with check. Thanks.

Does anybody used Scwab for this offer? Any cash advance fee?

wca53 said:Becareful for those who funding by credit card, I got hit by cash advance, not worth the trouble. Too much risk for too little money. I will never do it again, I will just go with my Coin purchase deal, so far is the safest deal.

Yuck... this has me spooked. Please share which credit card. I funded today with the maximum of $5,000 from my Chase Freedom card and it has already appeared in my Forex account. But before I actually trade, I am going to check how this posts to my statement. If I need to, I'll write the darn check for the remaining $5,001 and snail-mail it to fund my account. What's up with no ACH?

How will I know if it posted as a purchase or a cash advance?

I funded with Schwab... still worried about it getting classified as a cash advance. I'm going to pay it off now.
I just did the XAU/USD trade as described above. I guess I bought 10 ounces of gold ($9140 position!) and then sold the 10 ounces of gold within a second or so. The entire trade cost me $6... Man this stuff is scary. During Thursday, gold moved within a range of $11/ounce. So, at a lot size of 10, your bet would have gone up or down by $100 if you held it all day. One thing that worried me is if the internet went down just after I bought the position... and then things moved against me.

Before signing up for this deal, try out the "Practice" trading. It is free and it will give you an idea of what the interface looks like when you get in.

I think this is really close to legalized gambling. It is a seedy area of investments...