Up to 150,000 Qantas Points when you sign up with Pepperstone

Discussion in 'Qantas Frequent Flyer Program' started by redwoodw, Jul 19, 2018.

Welcome to Australia's leading independent Frequent Flyer and Travel Resource!
Our site contains tons of information that will improve your travel experience.
Joining AFF is fast, simple & ABSOLUTELY FREE -  join now by clicking on the JOIN NOW button, and take immediate advantage of these great BENEFITS.
Once registered, this box will disappear. And you will see fewer advertisements :)
  1. redwoodw

    redwoodw Intern

    May 25, 2016
    79
    11
    Hi all,

    Just an interesting sign up offer from Pepperstone here that I thought would be worth sharing.

    Deposit A$1 for 10 points up to 100,000 points (5 full lots of trade required)

    Earn 20 points per every Forex lot traded up to 50,000 points per month


    Link here.
    Forex Trading with Pepperstone - One of the World's Largest Forex Brokers
     

  2. rock86

    rock86 Active Member

    Jul 18, 2017
    846
    184
    Toowoomba
    Here's the 'First Deposit Offer' T&C's.

    upload_2018-7-20_8-52-52.png
     
  3. knightfall88

    knightfall88 Junior Member

    May 3, 2016
    32
    7
    Is anyone attempting to try this? When I get home tonight I want to do some digging on what 5 lots of trades actually means and whether it impacts how much deposited amount is required?
     
  4. rock86

    rock86 Active Member

    Jul 18, 2017
    846
    184
    Toowoomba
    Isn't a full lot 100,000 units of currency?
     
  5. AisleSeat

    AisleSeat Active Member

    Nov 11, 2016
    642
    552
    MEL
    Flight Map:
    View my flight map
    Trading $500,000 for 100,000 points seems excessive
     
  6. rock86

    rock86 Active Member

    Jul 18, 2017
    846
    184
    Toowoomba
    Agreed, to much of risk (of the unknown) for me.
     
  7. blacksultan

    blacksultan Member

    May 1, 2017
    389
    19
    Is that what is actually required?
     
  8. WLGFlyer

    WLGFlyer Member

    Jul 8, 2013
    152
    19
    I've been meaning to look into this some more but haven't had the time.

    Depending on what their spreads are this could be a good cash for points ratio. Just trade long and short at the same time, same currency pair to minimize exposure.
     
  9. rock86

    rock86 Active Member

    Jul 18, 2017
    846
    184
    Toowoomba
    Well you're not spending $500K as the FOREX broker lends' lends you the money for the trade - from my understanding they assess the certain leverage based on your personal information given.
     
  10. Vic

    Vic Member

    Jan 31, 2017
    269
    78
    Great question. The 100000 bonus requires a deposit of $10,000. $500,000 seems out of line with the $10,000 deposit requirement.
     
  11. knightfall88

    knightfall88 Junior Member

    May 3, 2016
    32
    7
    If 5 lots means $500'000AUD that is extreme... if the currency pair moves 1% thats $5000...
    I suppose you can hedge but can I be bothered? There's brokerage fees as well I am guessing..
     
  12. knightfall88

    knightfall88 Junior Member

    May 3, 2016
    32
    7
    They are requestng you deposit 10k + do 5 lots of trades which requires a minimum exposure of 500k aussie dollars
     
  13. Vic

    Vic Member

    Jan 31, 2017
    269
    78
    Yes, I know.
    I'm not sure I'd want to loan someone $500000 to play with when they've only deposited $10,000. But that's just me.
     
  14. Anna

    Anna Established Member

    Jan 17, 2005
    2,049
    1,389
    I'm old enough to remember when forex trading was popular with the masses in the 80's, and many came to grief. Lots of stories at the time on ACA and the like. My impression back then was it's fine if you know exactly what you're doing, including the risks.
     
  15. blacksultan

    blacksultan Member

    May 1, 2017
    389
    19
    they mention something about mini lots. 1000?
     
  16. singster

    singster Newbie

    Aug 3, 2018
    3
    0
    I had a closer look at this:

    - they allow you to enter offsetting postions in the same currency pair, eg long AUDUSD and short AUDUSD ... so you would only need to trade 1.25 lots (sell + buy) in each pair to make the 5 lot requirement
    - The overall loss on the trade should only be ~$50 including commission

    Has anyone actually tried this and gotten the 100k points? There seems to be a 'good faith' clause in the T&C that they might use to avoid paying up...
     
  17. blacksultan

    blacksultan Member

    May 1, 2017
    389
    19
    Did you or anyone else actually try this ?
     
  18. tricky1337

    tricky1337 Intern

    Jan 4, 2017
    51
    5
    Flight Map:
    View my flight map
    I'm somewhat tempted to try this, although it is a lot of money to risk.

    I imagine you can just buy and then sell very quickly a lower volatility pair like AUDNZD. Perhaps outside of Aus/NZ business hours and making sure there is no major data releases in Europe/US
     
    • Agree Agree x 1
  19. blacksultan

    blacksultan Member

    May 1, 2017
    389
    19
    Let us know how’s you go
     
  20. samh004

    samh004 Enthusiast

    Apr 1, 2009
    17,509
    3,993
    Gold Coast
    Flight Map:
    View my flight map
    Twitter:
    Facebook:
    Google+:
    Linkedin:
    Instagram:
    #20 samh004, Aug 4, 2018
    Last edited: Aug 4, 2018
    This equals to 2,500 trades, right?

    So upon joining you need to deposit $10,000 to earn 100,000 points? Presumably there is no fee/limited fee for pushing this back into your account? Does everyone remember when you could deposit into IG with a credit card through Paypal and not pay a cash advance fee – I wonder if their systems will be as inept? Their FAQ suggests they accept Paypal... paging @Dr Ralph
     
Loading...

Share This Page