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about FXCM micro offer!

  • #1
  • First Post: Mar 21, 2009 9:55pm Mar 21, 2009 9:55pm
hello all, i hear that FXCM Micro offer Free $50 to Open FXCM Micro Forex Trading Account. is it right?
In forexfactory,have the members received this offer yet?if have,please guide me to receive this offer.
many thanks
  • #2
  • Mar 21, 2009 10:15pm Mar 21, 2009 10:15pm
I know they are doing 25. Here are two links I know worked at one time.

http://www.forexmicrolot.com/tradesh...keyword=036017

http://www.forexmicrolot.com/cnbc.jsp
  • #3
  • Mar 22, 2009 12:35am Mar 22, 2009 12:35am
Quoting magnumfreak
I know they are doing 25. Here are two links I know worked at one time.

http://www.forexmicrolot.com/tradesh...keyword=036017

http://www.forexmicrolot.com/cnbc.jsp
it only for US and Puerto Rico
  • #4
  • Mar 22, 2009 9:17am Mar 22, 2009 9:17am
But I heard somewhere, that there are a lot of hoops to jump through to get a withdrawl if by chance you were to make any money on an account this size. Does anyone know about how the withdrawl process works on this type of "free" account?
  • #5
  • Mar 22, 2009 9:59am Mar 22, 2009 9:59am
5 round turns, and then fill out their online withdrawal form. My gf made money, and had no problems withdrawing.
  • #6
  • Mar 22, 2009 11:12am Mar 22, 2009 11:12am
That 50$ offer is nothing but a joke. I mean, what's 50$ compared to the thousands of dollars the traders lose every day?
Forex is a losers game.
  • #7
  • Mar 22, 2009 11:22am Mar 22, 2009 11:22am
not saying that I recommend FXCM. In the end, they're a crappy bucketshop.
  • #8
  • Mar 22, 2009 11:27am Mar 22, 2009 11:27am
I got $50 and I am in the UK.

I spread trade and have been playing with the $50 account and think FXCM are great.

Still it's not hip on FF these days unless you moan about everything, even a free $50
----o00o--°(_)°--o00o----
  • #9
  • Mar 22, 2009 11:29am Mar 22, 2009 11:29am
I tried to change my UK account to it, got told USA accounts only, couldn't be arsed to move my account.

Never had the pleasure in 5years of withdrawing money from my normal account sadly, but print out a form fill it in and post it then wait for your cheque to arrive I think, then wait for that to clear so not speedy and instant transfer like DATEK used to be, which is a good thing as I kept tapping that

If it gets you started for $50 which lets face it is a sensible worthless amount to waste then go for it.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #10
  • Mar 22, 2009 12:01pm Mar 22, 2009 12:01pm
I feel stupid for asking this. But what is 5 round turns?
  • #11
  • Mar 22, 2009 12:17pm Mar 22, 2009 12:17pm
Quoting lohad
I feel stupid for asking this. But what is 5 round turns?
It's five full trades.
  • #12
  • Mar 22, 2009 2:14pm Mar 22, 2009 2:14pm
Quoting lohad
I feel stupid for asking this. But what is 5 round turns?
make 5 trades total. (opening and closing a trade = 1 trade) No minimum lot size for each trade.
  • #13
  • Mar 22, 2009 3:30pm Mar 22, 2009 3:30pm
I had a regular account which they converted to Micro. All the rules for Micro accounts are the same. I had to pay $10 for a check withdrawal. They are retarded and don't want you to withdraw any money. If I remember correctly the fee is $20 for the second withdrawal in a month. I wouldn't trade with them only because of that.

Quoting lohad
But I heard somewhere, that there are a lot of hoops to jump through to get a withdrawl if by chance you were to make any money on an account this size. Does anyone know about how the withdrawl process works on this type of "free" account?
  • #14
  • Mar 23, 2009 6:47am Mar 23, 2009 6:47am
So they have offered a free $25 or $50 account and they have honered it? Has anyone actually received a free account like this? Sorry for all of the questions. Someone I know is working 4X strats and they are thinking of getting in live, and I thought this may be something they can use.

Thanks
  • #15
  • Mar 23, 2009 6:53am Mar 23, 2009 6:53am
yes, besides myself I know of about 10 others who have the $25 micro accounts.
  • #16
  • Mar 23, 2009 7:03am Mar 23, 2009 7:03am
Quoting magnumfreak
yes, besides myself I know of about 10 others who have the $25 micro accounts.
Thanks for the quick response! I appreciate it. I will see about getting him hooked up with it.

Lohad
  • #17
  • May 31, 2009 3:21pm May 31, 2009 3:21pm
the withdrawal admin fee they charge micro lot holder is pretty high, even higher than standard account holders.

$25 withdrawal basically got nothing to pay up the withdrawal admin fee. $50 withdrawal, but they may charge up to $45 withdrawal admin fee. This is my friend's in person sufferings. that really charges higher than many banks despite their explanation claiming "more admin work to do"!

its attractive selling point is the high leverage 400:1 but!
  • #18
  • May 31, 2009 3:49pm May 31, 2009 3:49pm
withdrawal fee
1st. 25$
2nd. 35$
3rd. 45$

Fxcm micro customer support is None and they charge huge fees
Thats sux !!!
Charting Markets into the Future...MǎҖ€¥.
  • #19
  • Last Post: May 31, 2009 8:27pm May 31, 2009 8:27pm
Yeah but to learn with, with $25 which is better than a Demo account, its kinda okay 4 1/2 years on and off of messing about and haven't got to the stage of withdrawing money yet which sadly applies to most Forex wanna be traders

When cracked, definately close the account and go elsewhere.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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