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Originally Posted by Merrygoround  They seem to get good reviews on the internet. Some had concerns about their base of operations (Mauritius), but I did not find any further complaints because of that.
However their 100% bonus seems almost like deception to me. Suppose you deposit USD 10,000. According to their rule you should trade the funded amount / 6 in lots for an ECN Premier account during the promotional period (ends on 31st of December). So in 2-3 months' time you should trade 10,000/6 = about 1,670 standard lots!  Their is no way that even an active EA like FH will trade that amount of lots.
Furthermore for safety reasons you can only trade your own deposited amount, without the bonus. In case of big DD they just take away the bonus (out of fear of losing their money), and you are left with an almost empty account.
Maybe it would be better to wait until they offer a "normal" promotion like 20% bonus, without absurd lotsize conditions... |
Alpari UK sometimes has credit bonuses but not 100% and I just ignored them. Trade the account as if it does not exist.
I just noticed that the demo account does not have the ECN commission in it and I'll have to factor that into the profit calculations.
Rick