Free $100 to start trading with this broker. scam? | Forex Factory

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Free $100 to start trading with this broker. scam?

  • #1
  • First Post: Aug 27, 2007 12:09pm Aug 27, 2007 12:09pm
http://www.fxclub.com/incentive/

Fxclub are offering free $100 if you open an account with them. Aditionally, they let you withdraw any profits you made, and the broker is located in NY, USA (less likely it is scam).

Is this too good to be true? Anyone have an account with them?
  • #2
  • Aug 27, 2007 9:43pm Aug 27, 2007 9:43pm
Quoting Xenjin
http://www.fxclub.com/incentive/

Fxclub are offering free $100 if you open an account with them. Aditionally, they let you withdraw any profits you made, and the broker is located in NY, USA (less likely it is scam).

Is this too good to be true? Anyone have an account with them?
Forex brokers used to always give "money" with opening an account. They know they will take it back, er, make it back, er, probably earn enough back on you and then some.
FXChant Singing the World of Forex
  • #3
  • Aug 27, 2007 11:15pm Aug 27, 2007 11:15pm
It's no scam.
I just opened an account with them this afternoon; the free $100 is perfectly legit...but, you can't withdraw it. You can only withdraw the profit that you make. I have been trading micro-lots and I'm up $6.01 ...too bad they weren't standard lots...

Anyways, give it a shot!
  • #4
  • Sep 6, 2007 2:34pm Sep 6, 2007 2:34pm
Quoting Xenjin
http://www.fxclub.com/incentive/

Fxclub are offering free $100 if you open an account with them. Aditionally, they let you withdraw any profits you made, and the broker is located in NY, USA (less likely it is scam).

Is this too good to be true? Anyone have an account with them?
It says it is a scam located in Russia here.

http://www.forexbastards.com/public/...www.fxclub.com

no idea if thats right.. but think I will steer clear anyway after reading the comments posted there from users.
  • #5
  • Sep 7, 2007 3:08pm Sep 7, 2007 3:08pm
Quoting fxchant
Forex brokers used to always give "money" with opening an account. They know they will take it back, er, make it back, er, probably earn enough back on you and then some.
Same business model as a casino. Casinos offer free credits to play, comps,etc because they know you'll lose it all and put in more. It's a great marketing tool for these types of brokers and casinos. Always remember, there's no free lunch
  • #6
  • Sep 8, 2007 12:34am Sep 8, 2007 12:34am
May i know what is the leverage and the smallest unit that they allow you to trade?
  • #7
  • Sep 19, 2007 7:47am Sep 19, 2007 7:47am
Hey.. any1 use fxclub? got something to ask regarding swap earn. i hole my position for a full 1 day but why was i not credited with the swap earn? can some1 teach me how to read the report? The report did not stated anything regarding the swap earn.
  • #8
  • Sep 22, 2007 3:32am Sep 22, 2007 3:32am
Quoting Holypendant
May i know what is the leverage and the smallest unit that they allow you to trade?
Smallest unit is $1000 and leverge 1:100.
  • #9
  • Sep 28, 2007 1:14pm Sep 28, 2007 1:14pm
has any1 use thiier free $100 to make profit n withdraw the amount out?
  • #10
  • Last Post: Sep 30, 2007 3:32pm Sep 30, 2007 3:32pm

the only thing that is good bout this broker is free $100...
is that really matter?...they have a low connection to the server...
hard to understand ID system...if u wanna learn how the feel to trade live then u got it...but if u serious,dedicated and wanna find some fortune in your trading i suggerst u take another broker such oanda or forex.com...they offer the best spread...

P/S FXclub is in FF preferred broker list...hmm i wonder why

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