Get the chance to win $12,000 worth of gift vouchers, airpods, and an iPad from the Trade for Rewards Bonus offered by Forex4you for Indian traders.
Forex4you is a popular multi-asset broker that offers a wide variety of trading services for various types of traders. It operates in more than 100 countries and has reached no less than 2 million opened client accounts. Using the latest technology and sophisticated trading platforms, the broker allows traders to enter financial markets and make money without a hassle.
Aside from offering the convenience of online trading, Forex4you also offers bonuses for new and loyal customers. One such bonus is the Trade for Rewards Bonus, which offers various rewards, including $12,000 worth of Amazon gift vouchers, Apple AirPods, and even an iPad.
Let's find out all the details in the bonus guide below.
Forex4you's Trade for Rewards Bonus for Indian Traders
The Trade for Rewards Bonus is a new Forex4you campaign that's available only in certain regions. The promotion started from May 1 - June 30, 2023.
This program offers rewards to clients who made a certain amount of deposit and traded a certain number of lots during the promotion period. The prizes will be distributed based on the participant's tier level. So, the more you deposit and trade, the higher the tier of prizes that you'll be able to win.
For Indian traders, here are the full criteria of each tier:
|Level||Prize||Minimum Deposit||Minimum Trading Lot|
|🥇Tier 1||8,000 INR of Amazon e-voucher||$1,000||50 lots|
|🥈Tier 2||Apple AirPods Pro (2nd generation)||$2,500||100 lots|
|🥉Tier 3||Apple iPad mini 64 GB, WiFi||$5,000||250 lots|
The calculation of trade is determined from closed orders during the promotion period. Please note that only trades with currency pairs, indices, and commodities will be qualified and included in the calculation.
Also, keep in mind that for hedged orders, the broker will only include the total lot volume when the second order was opened not earlier than 3 hours after the first order has been opened. Otherwise, only the smaller order will be counted.
Where to Find the Information on the Official Broker Site?
- This information is reported per May 29 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore Forex4You homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Participate in the Bonus Program
Every eligible Forex4you client can participate in the Trade for Rewards Bonus. To join the campaign, here are the steps that you should follow:
- Head over to Forex4you's official website and log in to your account.
- Click on "Participate" in the "Trade for Rewards" widget in your Trader Room.
- Make deposits and open trades using your account.
- At the end of the promotion period, you can claim the prize based on your tier.
How to Claim the Bonus
If you can fulfill the required amount of deposit and trade by the end of the promotion period, you will be entitled to win a prize. To claim the prize, you should follow these easy steps:
- Click the "Trade for Rewards" widget in your Trader Room
- Choose an account to claim your prize
- Click the "Claim Prize" button after making your choice
Keep in mind that you can only claim the prize after the promotion ends, starting from the 1st of July at 00:00 server time to the 7th of July 2023 at 23:59 server time or until all prizes are fully claimed.
The prizes are limited and thus will be distributed using a first-come, first-served basis. Note that each winner can only claim one prize regardless of how many tiers the client qualifies for.
Forex4you will give the prize to the same account that the client used to make the request and it will be distributed approximately 3-4 weeks after the client claimed the prize. However, if the client fails to respond by email to the original communication after 3 working days, the prize will be forfeited and the broker will find a new winner.
Providing services since 2007, Forex4you is mostly out of the spotlight even though their trading conditions can be regarded as one of the most flexible among other forex brokerages. Setting headquarters in the British Virgin Islands, this broker is currently under the regulation of local financial regulatory called the BVI Financial Services Commission (BVIFSC).
After opening an account with Forex4you, traders can choose leverage as high as 1:1000, thanks to the relatively loose policy from BVIFSC. Forex4you divide their account types by execution. Between the 4 accounts available, two adopt instant execution (Cent & Classic) while the remaining two call for market execution (Cent NDD & Pro STP). For traders choosing accounts with instant execution, there will be no trading commissions charged, but the spread is a bit high as it settles on 2 pips range (at the minimum). On the other hand, account types with market execution can give a floating spread from 0.1 pip despite charging a commission starting from $8 per lot.
Forex4you provides no Swap-Free feature, so this broker is not Sharia-compliant. Still, it is quite interesting to note that this broker provides an alternative on platform trading, so traders can try to trade on another platform with a new interface should they feel restricted by MetaTrader4 limits. The said platform is uniquely Forex4you's trading technology, which is available on WebTrader and Mobile App.
Forex4you also highlights their own Social Trading platform hailed as Share4you, which allows all traders to play as either Leaders or Followers. Both sides have mutual advantages, as Leaders are granted additional fees from their Followers while the Followers can copy trades which makes their transactions a lot easier and reliable as the signals come from more experienced traders.
Beyond their innovations on trading platforms as well as Social Trading facilities, Forex4you is quite transparent on their forex pairs' liquidity providers. However, they don't have a certain page dedicated to their Contract Specifications for other class assets.
Payment methods in Forex4you are quite limited, only available in Bank Transfer, Neteller, Skrill, WebMoney, and Credit Cards (Visa and Master Cards). This broker claims to have more than a million accounts all over the world, so it is believed that Forex4you is one of those forex brokers who perform steadily even if their popularity doesn't soar extremely high because of intense marketing schemes.
What makes trading in Forex4you stands out from is the remaining Cent Account which allows traders to trade with a contract size as low as 1000 units per lot. The ultra-small trading volume has been infamous for traders who want to trade in a real account with very minimal risk. However, the numbers of broker offering Cent features are gradually lessening as retail traders seem to keen on taking more risks. Yet, Forex4you maintains their Cent Account offering, not only in one type but in two types of execution so beginners can make their own choice on spread over commission or otherwise.
All in all, Forex4you is one of the preferred choices for a forex broker if you look for flexibility in trading conditions and an advanced platform in Social Trading. Also, the remaining Cent Account offers an interesting option even for experienced traders who look for spare accounts to try out new strategies. Nevertheless, it is not highly recommended for trading with big money as the company is registered in an offshore jurisdiction. Forex4you also tends to fly under the radar as the broker rarely generates buzz in the brokerage industry.
FAQs on Forex4you's Trade for Rewards Bonus
- How can I view my bonus status and progress?
To check your progress (trading volume and deposit amount), simply open your Trader Room, then click on the "Trade for Rewards" widget.
- Can I transfer the prize to another account?
No, the prize is not replaceable, refundable, transferable, or exchangeable for gifts or other benefits. The broker will automatically send the prize to the same Trader Room used to request the prize.
- What deposit methods does Forex4you offer?
Forex4you offers a wide range of payment methods, including bank transfers, credit cards, cryptocurrencies, and e-payments like Neteller, Skrill, WebMoney, Perfect Money, BitPay, as well as Astropay.
- Does Forex4you offer other bonus programs?
Yes, there are several other bonus programs that you can choose from, namely the 100% Deposit Bonus and the 50% Cashback Program.
Forex4you is a forex and CFD broker with more than 15 years of experience in the industry. The company seeks to contribute to the global change in the online trading industry — bringing more transparency and making trading truly accessible to all with instant and market execution, multiple trading platforms, free market analytics, as well as multiple account types.