Trade Global Currencies with Pepperstone to Earn up to 75,000 Qantas Points

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Dr Prepper on 21/11/2017 - 10:13 pepperstone.com (187 clicks)
Last edited 21/11/2017 - 10:22 by 1 other user

Trade Global Currencies with Pepperstone and earn up to 75,000 bonus Qantas Points*! That’s enough points for a one-way Qantas Economy Classic Flight Reward from Sydney to London (plus taxes, fees and carrier charges of $270.51)^

Earn Qantas Points in addition to Pepperstone's ultra-low spreads, award winning trading conditions+, world-class trading technology and fee-free funding.

The promotional period runs from 15 November to 31 December 2017.
This promotion is only available to new Pepperstone clients who open an account during the promotional period.
Eligible clients will earn 20 bonus Qantas Points per Forex lot traded up to a maximum of 25,000 bonus Qantas Points during the promotional period.
Eligible clients will earn 10 Qantas Points per AUD$1 deposited on their initial deposit up to a maximum of 50,000 Qantas Points during the promotional period. Subsequent deposits will not be eligible for this promotion.

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  clandestino on 21/11/2017 - 10:27

  +1

  Can anyone please explain the hidden fees and charges…?

  What is a Forex Lot? Is it one transaction? If so, 1,250 transactions are required to earn the bonus 25,000.

  is there a charge per transaction? Is this a flat $ charge or a % fee?

  are there any costs to deposit, or withdraw?

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  Willyslicks on 21/11/2017 - 10:30

  +1

  There doesn't need to be fees to make this a raw deal. Basically forex trading is gambling on minute currency fluctuations at 100x leveraging. Margin calls easily happen.

  • 

    clandestino on 21/11/2017 - 11:00

    +1

    I already understand forex trading and spread betting. Not sure why I've been downvoted above, lol.

    My question simply relates to this deal as published on ozbargain. What are the transaction costs per trade, and the other terms and conditions?

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  runamuck on 21/11/2017 - 10:32

  +7

  Eligible clients will earn 10 Qantas Points per AUD$1 deposited on their initial deposit up to a maximum of 50,000 Qantas Points.

  This statement is quite misleading as you should not call it just a deposit because you require someone to trade 5 times after money is deposited. Majority people will think it is like a term deposit and park their money there not knowing you need to trade 5 TIMES to get the bonus points.

  Eligible Clients must trade 5 full FX lots on Major currency pairs (AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY), Minor currency pairs (AUDCAD, AUDCHF, AUDNZD, AUDSGD, EURAUD, EURCHF, EURGBP, GBPAUD, GBPCHF, NZDUSD) or Crosses (CADCHF, EURCAD, EURNZD, GBPCAD, GBPNZD, USDCAD, AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, NZDJPY), excluding Exotics, Commodities, Indices and Futures, AS DEFINED HERE.
  Qantas Points earned on the First Deposit Offer will be allocated at the beginning of the subsequent calendar month, a minimum of thirty (30) days after the fifth (5th) full FX lot is traded.

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  arctan on 21/11/2017 - 10:54

  +1

  Be mindful as 1 lot is quite big in terms of FX trading.

  • 

    clandestino on 21/11/2017 - 10:58

    how big???! lol.

    It would be nice if this deal was a bit more transparent.

    • 

      owli on 21/11/2017 - 11:15

      100,000

    • 

      Shwayne on 21/11/2017 - 11:21

      ^ beat me to it

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  owli on 21/11/2017 - 11:17

  +2

  Maybe just open up hedges. buy 1 lot AUDUSD sell 1 lot AUDUSD , do that three times, you will have to eat the spread I guess.

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  Nachotroncoso on 21/11/2017 - 13:17

  So due to risk and possible losses, one is better off just buying quantas points? No deal.