Hi all,
I may have got this wrong, but this offer doesn't look that good to me. As far as I can tell, the £100 bonus isn't 'free' money as you can't ever withdraw it and it's only credited to your account once you've made a minimum initial deposit of £100 and done the required number of trades.
From their T&Cs:
8.Withdrawals cannot be made that would cause the cash balance of the customer's account to fall below the amount of the initial deposit before the bonus funds are credited.
Apologies for not sharing your collective enthusiasm - and do please correct me if I'm wrong or missing something!
Tim.
1.By opening a spread betting account with Tradefair Financials under this Account Bonus offer, the customer acknowledges they have read, and agree to be bound by, these Terms and Conditions.
2.To be eligible the customer must open an account with Tradefair Financials with a minimum initial deposit in any of the following currencies and amounts:
a.£100 GBP
b.$100 USD
c.€100 EUR
And place a minimum of 5 open and close trades OR 10 total trades within 30 days of the account being established.
3.
If the minimum deposit and trading credit is met, one of the following bonus amounts will be paid based on the currency of your deposit:
a.£100 GBP
b.$100 USD
c.€100 EUR
4.Your bonus will match the currency you use in your initial deposit. For example: If you deposit €100 EUR into your account, you will receive €100 EUR bonus.
5.Only trades placed in the following markets will qualify for the offer: ◦Most Indices Markets (See Clause 6 for exclusions)
◦All FX Markets
◦All Commodities Markets
6. No trades will be accepted in the following: ◦Positions on JPY-denominated markets. For example: JP225, USD/JPY, etc.
◦ETF Trades
◦Volatility and Dollar Indices (VXxx and DXxx)
◦Equity Markets
◦Interest Rate Markets
7.
Providing all conditions of the Account Bonus offer have been met, the Account Bonus will be credited to a customer's trading account during the week after the 30-day eligible trading period has expired. For example, if the account open date is October 3, 2013 and all the conditions for the bonus were met by November 1, 2013, the client would receive their bonus funds during the week of November 4 - 8, 2013.
8.
Withdrawals cannot be made that would cause the cash balance of the customer's account to fall below the amount of the initial deposit before the bonus funds are credited.
9.The Account Bonus is not available to the following: a.A GFT or Tradefair Plus customer who closed off their existing GFT account and re-opened a new Tradefair Financials account within the promotional period, unless invited; or
b.Existing GFT customers; or
c.Accounts being traded through a Professional Asset Manager (“PAM”)
10.
Customer must satisfy both the minimum deposit and minimum trading volume, within 30 days of the account being established, in order to receive the Account Bonus.
11.Only one Account Bonus will be available per customer.
12.Only accounts opened between GMT 12:01 a.m. 12th December 2013 and GMT 11:59 p.m. 31st January 2014 will be eligible for the Account Bonus.
13.Tradefair Financials reserves the right to withdraw this Account Bonus offer at any time.
14.Tradefair Financials reserves the right to withhold any bonus and void any trades associated with such withheld bonus if GFT, in its reasonable discretion, considers any trading activity to be predatory in nature.
