standard lot round turn transactions

c0py

Member
92 1
Hi all,

As a forex newbie I have just joined Alpari UK and received my 100 % credit bonus. Having read through there terms and conditions I am stuck understanding the following condition quoted below.

My question is what exactly is a standard lot round turn transaction ?

Can somebody provide me a working example of how this is calculated?

Thanks

(e) to receive a credit bonus, subject to all other Terms, an Eligible Client must trade a minimum set number of FX standard lot round turn transactions on the account/s into which a deposit/s has/have been made, from the date of opting-in or the start of the Lots Calculation Period, whichever is the later, through to the conclusion of the Promotional / Lots Calculation Period. If the Lot trading requirement has been satisfied, the credit bonus will be credited to the relevant account/s after the conclusion of the Promotional Period;
 

Rhody Trader

Senior member
2,620 264
A standard lot is generally considered to be 100,000 units of the base currency (first currency in the pair - USD for USD/JPY). A round-turn is a position that's been opened and closed.
 

c0py

Member
92 1
Oh ok, so if I open a trade with 1.0 lots and close it, that is a 1 lot round transcation? and it is always 1 lot regardless of the trade outcome (win/lose) ?

I need to complete 800 lot transactions by end of feb to get my bonus, this seems impossible! :)
 

Similar threads


AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock