How to get a free 100$ forex account without depositing a dime
here is the tip, there is this currency broker called uwcfx that launched a special offer with a payment solution called okpay all you have to do is go and register with okpay at okpay.com then you will get an e-mail with a coupon code for the free 100$ and from there you go to uwcfx.com sign up and verify your account with the needed documents then enter the coupon code in the deposit page in your account and walla you have 100$ in your account.
after you trade 5 contracts with them you can take out the money and your profits whereas if you lose, well you don't lose any of your own money because its free money in the first place. I made 290 with the free $100 that I got trading EUR against USD :)
Its a good way to try forex for the first time as execution time differs between real accounts and demo accounts. I estimated that forex has around 400x bigger risk/reward ratio than usual currency futures trading but surely its much more interesting than playing poker online on the at night when market is closed.
How'd you estimate that?
Depending on the losses and wining of my forex clients. try it your self, its way too risky to be considered an investment but rather a form of controlled gambling. Much more factors effect currency prices compared to the prices of a stock not to mention the huge leverage involved (in the case of the free 100$ offer the leverage is 1:500).
Anyone know if this is a scam?
Sounds legit. There is an ad of the left hand side of the site.
http://www.uwcfx.com/
This just worked for me, surprised nobody else is jumping on it.
Took about 15 minutes to sign up, 3 hours to verify documents.
Now anyone got some good trades?!
Verified documents?
sounds sketch. wondering where they expect to make >$100 off of me.
500x leverage? Sounds like fun. SB to the first person who turns that into a grand (you can wire me the grand for proof).
What's this OKpay thing?
OKPay is an e-payment system like paypal.
"Verified documents?" yeah they are a regulated EU broker so they need an ID and proof of address (utility bill).
"sounds sketch. wondering where they expect to make >$100 off of me." in the forex brokerage industry an account costs a little over 100 in marketing expenses, so they did this promotion to market them selves and am sure many of those who came for the 100$ will stay and start depositing and trading bigger lots.
Now anyone got some good trades?! "am following the trend on EUR USD
To the folks who opened accounts, how has it worked out so far?
Pretty well for me. I turned the free $100 into $100K, and am thinking about taking the rest of 2011 off. I urge everybody to try it.
I uploaded the required docs and await their funding of my account. If they actually deposit a free $100 I simply might lever it up on a GBP/JPY short. I'll post back if this thing turns out to be for real.
It worked for me, I woulda turned a %1000 profit had I not leveraged my account 500 times. Went long the EURUSD and moved against me .0002 before jumping up .02. They sold off my positions due to my leverage and low requirements.
Haha. If you want me to certify that result as true you'll need to wire me 10%.
Haha :)
econ since am the one that tipped you about it how about a 10% tip for me too lol no for real folks how is the trading going am down to $80 lol but its just a set back
Pretty soon I'm going to be tapped. This must be how rappers and pro-athletes feel.
Sounds like I'll have to give it a whirl
the company just made verification a lot more strict since too many are applying for it. you need to upload a valid for the next 6 month at least ID and utility bill dated with you name and address with the last 3 month
My whole account was verified (address, name, ID, bill, etc...) yesterday afternoon.
BUT, it shows a balance of $0.00
For those who already did this, how long after verification did you see a balance of $100.00?
you have to go to the deposit page and enter the okpay coupon code that you received by e-mail
Looks like the $100 is in. Now time to develop a position...
hey am up to $190 , using a hedging strategy on the five minute chart with less than 45 minutes time between entry and exist points on my positions. how is every one else?
GBP/ JPY
I finally get around to creating an account and the damn link won't work. Anyone else having this issue?
I'm up to $170 with a current short on AUD/USD @ $1.00/pip
It's crazy leverage but I'll ratchet down if I can break the balance above $250ish
this is insane...
Anyway, I'm about to short eur/gbp in a few minutes.
done
I still can't get that damn site to load
It's the promo link that won't work.
0.02 lots per trade
The offer is over, so trading results folks
How long does it take to get $100 after you have registered with okpay and your account has been verified, i'm asking this because it's been 3 days now since the last communication from okpay that my account has been successfully verified but no other follow up email with coupon.
i joined but where is the coupon? how to get the coupon?
You might be a little late
You can try forex trading demo account contest and you can earn money without one cent
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