Many brokers have recently launched bonuses for Nigerian traders. So, it's essential to know the best offers. Forex4you has one of the best rewards worth $5,000 for Nigerian clients.
Forex4you now offers an incredible opportunity for active Nigerian traders to earn Trading Rewards. Traders can win attractive prizes by depositing funds into their trading accounts and meeting the required trading volume. With a total budget of $5,000, this promotional campaign aims to reward traders based on the amount deposited and the volume of trades executed. Participating in this offer provides bonus funds for daily trading and adds excitement and competition to the trading experience.
There are numerous reasons to participate in Forex4you's Trading Reward Promotion. Let us look at some of the critical advantages and incentives that make this promotion appealing to Nigerian traders:
This promotion's bonus rewards are genuinely enticing. Traders can compete for prizes worth up to $2,500. The promotion has a total reward pool of $5,000 divided into three tiers based on deposit amounts and trading volume. Tier 1 requires a $500 to $999 deposit, and traders must trade 10 lots to win $30. Tier 2 requires traders to play 25 lots to win $75 with a deposit range of $1,000 to $2,999. Finally, Tier 3 requires a deposit of $3,000 or more and requires trading 50 lots to win a $150 prize.
Where to Find the Information on the Official Broker Site?
- This information is reported per Jun 7 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.
Opportunity for a Limited Time
The Trading Reward Promotion has a time limit and will end on June 30, 2023. This means that time is of the essence, and traders must act quickly to capitalize on this opportunity. By participating in the promotion, traders can compete for generous rewards by attempting to meet the required trading volume within the specified timeframe.
Prizes are Awarded in Tiers
The promotion consists of three prize tiers based on deposit amounts and trading volume.
- Tier 1 requires a deposit range of $500 to $999 and offers a prize of $30 for trading 10 lots.
- Tier 2 necessitates a deposit of $1,000 to $2,999 and rewards traders with $75 for trading 25 lots.
- Tier 3 designed for deposits of $3,000 $or more, provides a $150 prize for trading 50 lots. These tiered prizes ensure traders can win based on their trading capabilities and deposit amounts.
How to Apply for the Promotion
It is simple to participate in the Forex4you Trading Reward Promotion. Follow these steps to claim your prizes:
1. Make an Account
Begin by registering for an account on the Forex4you platform. This will allow you to participate in the promotion and gain access to it.
2. Check Your Trading Account
Complete the trading account verification process. This step ensures that your account has been verified and you are eligible for the promotion. Provide all necessary documentation per the platform's requirements.
3. Visit the Promotional Link
To access the Trading Reward Promotion, click on the promotional link provided. This link will take you to a specific page to find the promotion's details and requirements.
4. Use the Trade for Rewards Button
Locate the "Trade for Rewards" button on the promotion page. This button allows you to participate in the promotion and win prizes.
5. Make the Necessary Deposit
Make the required deposit for the tier in which you want to participate. Tier 1 requires a $500 deposit, Tier 2 a $1,000 deposit, and Tier 3 a $3,000 deposit or more. To be eligible for the prizes, you must meet the deposit requirement.
See Also: Forex4you Deposit Bonus
How to Claim Your Prizes
It's time to claim your prizes after you've completed the required trading volume. Select the account where you want to receive your prize from the "Trade for Rewards" widget in your trader room. After you've chosen an account, click the "Claim Prize" button to begin the prize claim process.
Follow these steps to claim your prizes:
- Go to your trader room's "Trade for Rewards" widget. This widget allows you to access the prize claim process.
- You will see a list of eligible accounts if you meet the criteria and qualify for a prize. Choose the account where you want your prize to be deposited.
- After you've chosen an account, click the "Claim Prize" button to begin the prize claim process.
Prices can only be claimed after the promotion ends, specifically between July 1, 00:00, and July 7 at 23:59. Follow the timeline and claim your prizes within the time frame specified to ensure your eligibility and receive your rewards.
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.
The Forex4you Trading Reward Promotion provides an exceptional opportunity for Nigerian traders to earn attractive prizes while engaging in daily trading activities. Traders can create an account, verify their trading account, participate in the promotion, make the required deposit, and finally claim their prizes by following the simple steps outlined above.
Furthermore, becoming acquainted with the terms and conditions established by Forex4you is critical to ensure compliance and maximize one's chances of success. Don't pass up this opportunity to improve your trading skills and potentially win large sums of money. Act quickly to take advantage of the Trading Reward Promotion.
If you are a trader from India, Forex4you also offers bonus worth up to $12,000 in gift vouchers and luxury gifts, including iPads and Airpods. Check out the complete guide in the article Claim $12,000 Worth of Rewards from Forex4you India.