$200 bonus for opening Zecco Forex, one trade required.

Ratcheer

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 Cash bonus cannot be withdrawn within 90 days of initial funding.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.

Interesting....It appears your initial deposit does not need to stay in the accout for the 90 days, only the bonus.

I guess I should have read your your whole post OP...you and I are on the same wave length.

Also from the email:

Note: If you open a practice account first, remember to use promo code "CashAd04" when you open your live account.

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 $10,000 level.

Hope this will be treated as a purchase. Any idea on that?

jolapo said: billionen said: it looks like funding by credit card is allowed........this may make it easy to get up to the $10,000 level.

Hope this will be treated as a purchase. Any idea on that?

That would be one hell of a fee hit if it was treated as a cash advance. I'm curious too. Any brave souls out there?

opening cc deposit email response:

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.

If it is treated as purchase, this is good times.

How do you cash out?

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?

medicine said: How do you cash out?WITHDRAWALS.Payments from a Customer Account require a withdrawal
request form signed by all required account holders and submitted in writing
to GAIN Capital. The Withdrawal Request Form requires a minimum of two (2)
Business Days from receipt of the withdrawal request for issuance of a check
or wire transfer of funds.