Up to 150,000 Qantas Points when you sign up with Pepperstone | Australian Frequent Flyer
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Up to 150,000 Qantas Points when you sign up with Pepperstone

redwoodw

Member
Joined
May 25, 2016
Messages
114
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)

  • 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.
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
 

knightfall88

Intern
Joined
May 3, 2016
Messages
68
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?
 

rock86

Established Member
Joined
Jul 18, 2017
Messages
1,046
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?
Isn't a full lot 100,000 units of currency?
 

WLGFlyer

Member
Joined
Jul 8, 2013
Messages
160
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.
 

rock86

Established Member
Joined
Jul 18, 2017
Messages
1,046
Is that what is actually required?
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.
 

knightfall88

Intern
Joined
May 3, 2016
Messages
68
Trading $500,000 for 100,000 points seems excessive
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..
 

knightfall88

Intern
Joined
May 3, 2016
Messages
68
Great question. The 100000 bonus requires a deposit of $10,000. $500,000 seems out of line with the $10,000 deposit requirement.
They are requestng you deposit 10k + do 5 lots of trades which requires a minimum exposure of 500k aussie dollars
 

Vic

Member
Joined
Jan 31, 2017
Messages
322
They are requestng you deposit 10k + do 5 lots of trades which requires a minimum exposure of 500k aussie dollars
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.
 

Anna

AFF Supporter
Joined
Jan 17, 2005
Messages
2,103
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.
 

singster

Newbie
Joined
Aug 3, 2018
Messages
3
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...
 

blacksultan

Member
Joined
May 1, 2017
Messages
422
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...
Did you or anyone else actually try this ?
 

tricky1337

Intern
Joined
Jan 4, 2017
Messages
54
Flights
My 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
 

samh004

AFF Supporter
Joined
Apr 1, 2009
Messages
17,739
Flights
My Map
The promotional period runs from 16 July to 31 August 2018
Eligible clients will earn 20 bonus Qantas Points per Forex lot traded up to a maximum of 50,000 bonus Qantas Points during the promotional period.
This equals to 2,500 trades, right?

Eligible clients will earn 10 Qantas Points per AUD$1 deposited on their initial deposit up to a maximum of 100,000 Qantas Points during the promotional period. Subsequent deposits will not be eligible for this promotion.
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
 
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