I received a targetted email, but it appears anyone can qualify.
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. Bonus amount varies based on amount of deposit according to the following schedule: $200 bonus with deposit of 10,000 or more; $100 bonus with deposit of $2500 -$9999; $75 bonus with deposit of $1001-$2500, $50 bonus with deposit up to $1000. Cash bonus cannot be withdrawn within 90 days of initial funding. Existing Zecco Forex 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.
Looks like you can open an account with 10K, make a trade, withdraw 10K, and then wait 90 days to withdraw the bonus. I don't know much about forex so if anyone can please recommend the simplest method of satisfying the requirements.
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
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saving...
toll free = 866-567-0295
Bonus paid withing 3-5 days following 1st trade (note: bonus based on balance in account AT TIME of TRADE)
Funding via credit card is treated as a purchase per Zecco rep.
The fine print indicates just 10,000 is required for $200 bonus eligibility. However, the opening splash page indicates 10,001 deposit required for $200 bonus eligibility.
The opening deposit can be done with a CC and appears to be counted as a purchase. Limited to $5k per deposit, but the bonus is determined based on the account balance at the time of the first trade.
Message edited by: jackcrawfish on 2009-07-08 09:39:32 CDT
I've never done currency trading or dealt with zecco before. So I was looking for the fees. Found this list Link, but it doesn't say anything specific about currency trading. Can anyone shed some light on this?
it looks like funding by credit card is allowed........this may make it easy to get up to the $10,001 level.
edit to reflect $10,001 necessary for the bigger bonus..thanks for pointing that out. also, i don't know if this is treated as a purchase or not...so tread carefully.
billionen said:it looks like funding by credit card is allowed........this may make it easy to get up to the $10,001 level.The cap on funding is $5k per transaction*
*After depositing $5000, there is a link which reads Return To Deposits. You may enter an additional $5000 transaction to reach the $10001 level.
My card showed the authorization within 5 minutes of clicking "Charge My Card."
edit: modified $10000 to read $10001 since the extra dollar makes a difference whether you qualify for $100 versus $200 bonus.
jackcrawfish said:billionen said:it looks like funding by credit card is allowed........this may make it easy to get up to the $10,001 level.The cap on funding is $5k per transaction*
*After depositing $5000, there is a link which reads Return To Deposits. You may enter an additional $5000 transaction to reach the $10001 level.
My card showed the authorization within 5 minutes of clicking "Charge My Card."
edit: modified $10000 to read $10001 since the extra dollar makes a difference whether you qualify for $100 versus $200 bonus.
Does the 10001 need to be deposited up front or not? I mean breaking it into 2 or 3 transactions will it be only 100 and not 200?
Please accept this as confirmation that your recent credit/debit card deposit is currently being processed*. If you have funded with this credit/debit card previously, the funds may be immediately available for trading.
Funding Information:
Account: ending in ************1234
Amount: USD 5000.00
Order Number: 0123456789012345678901
Deposits with a new credit card may take up to 1 business day for the credit to post to your trading account. We will email you as soon as the funds are posted to your account and available for trading.
If you have not recently funded your account, please notify us immediately at 1.866.567.0295 (toll free in North America) or 1.626.529.7078.
Thank you for choosing Zecco Forex.
* All card-based transactions are automatically converted to USD; you may incur additional fees by your card issuer for currency conversion.
So as a guy who just wants to abuse the promo and not actually learn anything about FOREX, should I go for mini or standard. what a step by step for placing a small, risk free trade?
How about this plan: 1) Use Schwab, or any other ca$h-back card, to fund an account (2% ca$h-back brings $200) 2) Do a trade, 3) Withdraw the money 4) Wait 90 days for $200 bonus ------------ Total earnings from this plan: $400 minus trade expenses.
Questions: Any problems with this plan? What's the minimum trade expense?
It appears you can buy an option contract $5.00. If you buy 100 - $.01 options and let it expire, you should be able to collect the $200.00 for a $6 investment.
This strategy worked nicely to land $500 optionsxpress bonus.
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