[Q] fxclub's 100$ newacc bonus? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

100$ -->100,000$ (period: 12 months) 207 replies

FXclub 23 replies

Anyone experienced in FxClub? 2 replies

FXCLUB swap earning 4 replies

100 pip STOP for a 100 pip Target 7 replies

[Q] fxclub's 100$ newacc bonus?

  • #1
  • First Post: Edited 8:32am Jul 12, 2009 8:19am | Edited 8:32am
it says bonus cannot withdraw but can cover your trade loss.

does it mean if I deposit 100$, get 100$ unwithdrawable bonus,
then trade 1000$ position size, lost 50$, acc balance=150$

then I can still withdraw my 100$ deposit? (except some 5$ processing fee)... w/o a requirement of completing xxx trade volume?

what happens if everyone open acc with 100$ and do a random long / short with 1000$ position size & -1000pip(-100$) s/l , +1000pip(+100$) t/p?

if it fail then withdraw initial deposit 100$-5$.
if it pass then withdraw deposit+profit=200$-0.4$-5$.

I guess if everyone do this, then broker should bankrupt? ...
(hoho forgive me didn't wanna joke on a preferred broker, just curious coz it sounds like sure way of losing money to trader overall.)
  • #2
  • Jul 13, 2009 8:01am Jul 13, 2009 8:01am
Quoting billye
it says bonus cannot withdraw but can cover your trade loss.

does it mean if I deposit 100$, get 100$ unwithdrawable bonus,
then trade 1000$ position size, lost 50$, acc balance=150$

then I can still withdraw my 100$ deposit? (except some 5$ processing fee)... w/o a requirement of completing xxx trade volume?

what happens if everyone open acc with 100$ and do a random long / short with 1000$ position size & -1000pip(-100$) s/l , +1000pip(+100$) t/p?

if it fail then withdraw initial deposit 100$-5$.
if it pass then withdraw deposit+profit=200$-0.4$-5$....
Hello billye,

They give you $100 for $100. You can lose this money at no obligation and withdraw any profit you made at anytime. The only thing is when you lose money, you lose your money first and than their $100.
  • #3
  • Jul 13, 2009 8:04am Jul 13, 2009 8:04am
Quoting lavatrader
Hello billye,

They give you $100 for $100. You can lose this money at no obligation and withdraw any profit you made at anytime. The only thing is when you lose money, you lose your money first and than their $100.
hi lava or fxclub amb(?)...

then it's not so called "unwithdrawable 100$ bonus to cover your trade loss", because when I lose I lose my real money 1st.

I see haha, anyway it makes sense or you'll bankrupt if people lose no more than 100$ / or win and withdraw...
  • #4
  • Jul 13, 2009 8:09am Jul 13, 2009 8:09am
Quoting billye
hi lava or fxclub amb(?)...

then it's not so called "unwithdrawable 100$ bonus to cover your trade loss", because when I lose I lose my real money 1st.

I see haha, anyway it makes sense or you'll bankrupt.

billye,
I'm not a fxclub's sales.rep but it doesn't matter right now. As long as you got an idea of this $100 incentive bonus.

Good luck to you!
  • #5
  • Jul 13, 2009 8:22am Jul 13, 2009 8:22am
broker's trick

_________________

RSI divergence

.
  • #6
  • Jul 13, 2009 9:18am Jul 13, 2009 9:18am
hi lava:
I guess it's better you inform the amb that the 100$ bonus ads on your website is under suspect of misleading with a meaning to be able to prevent 100$ loss of new trader and could be misunderstood.

sometimes a broker does not bankrupt financially but can bankrupt in other ways... oh, I am not being serious, just joking.

Quoting lavatrader
billye,
I'm not a fxclub's sales.rep but it doesn't matter right now. As long as you got an idea of this $100 incentive bonus.

Good luck to you!
RULE 2-36. REQUIREMENTS FOR FOREX TRANSACTIONS
[Adopted effective June 28, 2002. Effective dates of amendments: December 1, 2003; November 30, 2005; February 13, 2007; October 25, 2007; and April 1, 2009.]
(b) Fraud and Related Matters
No Forex Dealer Member or Associate of a Forex Dealer Member engaging in any forex transaction shall:
(1) Cheat, defraud or deceive, or attempt to cheat, defraud or deceive any other person.
  • #7
  • Jul 13, 2009 11:01am Jul 13, 2009 11:01am
Quoting billye
hi lava:
I guess it's better you inform the amb that the 100$ bonus ads on your website is under suspect of misleading with a meaning to be able to prevent 100$ loss of new trader and could be misunderstood.

sometimes a broker does not bankrupt financially but can bankrupt in other ways... oh, I am not being serious, just joking.

.

I don't think that any NFA member will do any promotion without NFA approval. So, if they have it on the website this means that this promo is approved.

What do you think billye?
  • #8
  • Jul 13, 2009 11:01am Jul 13, 2009 11:01am
Quoting billye
hi lava:
Could you give me a link to this bonus BTW?
  • #9
  • Edited 11:36am Jul 13, 2009 11:19am | Edited 11:36am
Quoting lavatrader
Could you give me a link to this bonus BTW?
I think this is it, they should know where else have put it.
http://www.fxclub.com/gold/
http://www.fxclub.com/incentive

oh, lava, don't be serious, I am just joking

it would be nice if the bonus could be used to cover trade loss, but I guess that's an unrealistic expectation.... so let it be, no big deal

I'm just scanning through newbie-safe & newbie-friendly platforms,
if your bonus really can cover 100$ usd loss that may be a pro so people can trade live w/o much risk exposure for their 1st 10 trades at least.

say 1000$ position, fix s/l at 10$ risk, then can do 10-15 daily time frame trades that do not risk real capital. (loss at most 100$)

it's not a must have.
  • #10
  • Last Post: Jun 17, 2010 5:20pm Jun 17, 2010 5:20pm
The offer for 100$ is not valid anymore!!!
0 traders viewing now