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.
🌐 WebsiteProviding 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.
10 Comments
Amir
May 29 2023
Hello! As an Indian trader myself I'm really happy to learn about this exclusive bonus, super excited to participate very soon, however I'm a little confused about the technical aspects of the prize claiming process. Since it's based on the first-came first-served basis, does that mean that I might not get the prize even though I already fulfilled the criteria? If I fail to secure a prize, will there be any compensation at all for being a part of the winners? Just want to make sure because I don't want to get my hopes too high (even though I really want those airpods).
Afika
May 29 2023
Yeah, I believe so. The number of prizes is limited, so you may not get anything even though you're entitled for one. That's why I highly recommend you to claim the prize as soon as possible (starting from 1st of July at midnight). Also, please keep in mind that if you win in more than one tier level, you will be able to choose the prize either from your tier or the tier below you. So, for example, if you're entitled to win a prize from tier 3 which is an iPad, you can opt to get airpods from the tier 2 instead.
Zahib
May 29 2023
This program sounds wonderful, but I figured that it's only a temporary event. Do you guys think that the broker will hold similar events in the future? The reason why I'm asking this is because I'm currently looking for a broker that consistently offers considerable bonus programs for its clients. I think it's pretty crucial because some brokers in India only offer one or two bonuses every year, not to mention that the requirements are typically very high to the point where they are simply unreachable especially for beginners and small traders. Sorry if my English is not perfect
Rizqi
May 29 2023
Good news for you! Forex4you offers great promos all the time, ranging from free-to-enter competitions, free trading credit, and even cash back rewards. If you look at their website, you'll find a bunch of on-going events and promotions that are available to all active users.
One of the most recent options is the special event to celebrate the broker's 16th anniversary. The requirements are very simple: you only need deposit at least 160 USD to your account and trade at least 16 lots across all trading accounts. You can trade currency pairs, indices, and commodities. Once you fulfill the requirements, you will be eligible for the lucky draw. There are four winners in total and each one will get a prize of 200 USD. Pretty good, right?
Ishaan
May 30 2023
As a Forex4you user, I can confirm that the broker does indeed offer a bunch of bonus programs. Bonus programs are definitely a great attraction for all kinds of traders, but please be mindful when applying for one. One of the most common beginner mistakes is putting bonuses as their priority. While the requirements are usually not that hard to achieve, you still need to remember that trading should be your main focus.
In that case, Forex4you also offers a handful of excellent educational materials that can help you improve your skills, like free seminars and webinars, articles, and video tutorials. Once you master the basics, it would be easier to generate real profits in trading and of course, it will increase your chance of winning in trading contests as well. Good luck and happy trading :)
Lidya
Jun 9 2023
When it comes to choosing a reliable broker for trading, it's essential to consider the regulatory framework in place to ensure a secure and transparent trading environment. With Forex4you operating in over 100 countries and boasting an impressive client base of 2 million opened accounts, it's evident that they have gained popularity among traders worldwide. However, in the specific context of Forex4you's operations in India, it would be helpful to delve into the regulatory body that oversees and approves their operations in the country.
Could you shed some light on the specific regulatory body that governs Forex4you's activities in India? What are the guidelines and regulations set forth by this regulatory body to ensure the fair treatment of traders and the overall integrity of the financial markets?
Herlin
Jun 10 2023
@Lidya: When it comes to Forex4you's operations in India, it's important to know that they are regulated by the Securities and Exchange Board of India (SEBI), which is the governing body overseeing financial market participants in the country. SEBI sets out guidelines and regulations to ensure a fair and transparent trading environment for traders. They make sure that Forex4you and other brokers comply with the necessary criteria and follow the rules. SEBI's main focus is investor protection, meaning they want to safeguard the interests of traders and ensure they are treated fairly. Forex4you also has to provide regular reports and disclosures to SEBI to maintain transparency. The code of conduct established by SEBI promotes ethical practices and professional behavior among brokers. So, with SEBI's oversight, traders can have confidence in Forex4you's operations in India, knowing that they are operating within a regulated framework designed to protect their interests.
Lidya
Jun 28 2023
Considering Forex4you offers other bonus programs like the 100% Deposit Bonus and the 50% Cashback Program, which of these bonus programs would you recommend for beginners? How do these bonus programs work, and what benefits can beginners expect to receive from them? Are there any specific considerations or requirements that beginners should be aware of when participating in these bonus programs? I'm looking to make the most out of my trading experience with Forex4you, and any insights on the best bonus program for beginners would be greatly appreciated! Thank you!
Bobby
Jun 29 2023
@Lidya: Let's break it down into simpler terms.
For beginners on Forex4you, there are two bonus programs to consider:
Benefits for beginners: The 100% Deposit Bonus provides extra money to trade with, which can be helpful for trying out different strategies and gaining experience in the Forex market.
Considerations: Keep in mind that there are usually specific requirements you need to meet before you can withdraw the bonus funds. It's important to understand the terms and conditions associated with the bonus program.
Benefits for beginners: The 50% Cashback Program helps reduce your trading costs, which can increase your potential profits.
Considerations: Make sure you understand the conditions of the cashback program, such as which accounts or trading instruments are eligible for cashback.
When deciding between these programs, consider your trading goals, preferences, and risk tolerance. The 100% Deposit Bonus gives you more initial capital to trade with, while the 50% Cashback Program reduces your trading costs.
Antonio
Jun 30 2023
So, I heard that Forex4you is quite flexible when it comes to payment methods. They offer options like bank transfers, credit cards, e-payments, and even cryptocurrencies! That got me curious - which cryptocurrencies exactly are accepted by Forex4you? I mean, it's fascinating to see how digital currencies have gained traction in the financial world. Knowing which cryptocurrencies I can use for transactions with Forex4you would definitely add an exciting twist to my trading experience. It's always good to have diverse options, right? So, could you fill me in on the cryptocurrencies that Forex4you accepts?