Hello, I want to ask, I want to register for Instaforex, they said there is a $1000 bonus, and if I make a profit of $100, after depositing $100, I can withdraw it. What is the truth, I don't understand. Please provide information, thank you.
2 Answer
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erik tri cahyo
20 Aug 2021, 09:03
To Astika, Yes, that's correct how it works. However, as far as I remember, you are required to trade again with a certain number of lots after making the deposit in order to withdraw the profit of USD 100. In conclusion, here's the flow:
You apply for and open a USD 1000 bonus account
You trade in the bonus account, and can generate a maximum profit of USD 100
After the bonus account period ends, the bonus account will change to a standard account and the balance will be emptied. Then the profit you have earned will go to the credit section and you are required to deposit funds equal to the profit earned (in this case, you are required to deposit USD 100).
After you deposit funds, the balance in the trading account that you can trade is USD 200 (USD 100 is your deposit funds (balance) plus credit from the bonus account profit of USD 100).
Then you are required to trade again with a certain number of lots before the bonus period ends in order to realize the profit from the bonus account.
At the end of the period, the number of lots you have traded will be calculated. If all lot trading requirements have been met, then and only then can you realize the profit (the bonus balance that previously went into the credit section will be transferred to the account balance so you can withdraw it through the personal area).
However, if at the end of the period you have not been able to complete the lot trading requirements, then you cannot realize the credit funds in full. However, you can still realize the profit even if only partially based on the lots you have traded.
Furthermore, if the credit (bonus funds previously obtained) has been transferred to the account balance (balance) then you can make a withdrawal by submitting a manual fund withdrawal in the personal area.
That's more or less the flow and mechanism for withdrawing profits from the bonus account. For more details, please review the terms and conditions or you can contact the customer service of the broker in question.
Hopefully this can help.
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Sephia
24 Aug 2021, 14:44
This is a bit of a misleading promo, they advertise this bonus and that bonus upfront, but then it turns out there are terms and conditions with bullet points and everything lololol...