RECOMMENDED FOREX BROKERS
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Forex broker HotForex said on Monday it has launched a new loyalty program for traders of forex and precious metals.
Traders with the broker can earn HotForex Bars (points) for each qualifying round-turn lot they trade on forex, gold, and silver. They can exchange the collected points for cash or trading service rewards. Every 35 bars, or points, are the equivalent of $1. Traders can start claiming cash rewards once they reach at least 1,000 HotForex Bars.
The broker offers four types of reward levels – red, silver, gold and platinum, depending on the number of active trading days. How many bars traders earn will depend on their loyalty level. Traders who have just registered for the loyalty program will receive a red level status and 100 HotForex Bars after they fund their trading accounts, while platinum level will be awarded to those who have accumulated more than 105 active trading days.
Following is a list of the currently available awards that traders can exchange for their bars, or points:
- 12 months subscription to Trading Central
- HotForex Debit Card (coming soon)
- 1 month access to advanced VPS
- 1 hour private session with a HotForex Market Analyst
- 3 months access to advanced VPS
“We gave a lot of thought to the rewards on offer and we feel that we’ve put together a great selection of Forex trading services that will enhance the trading tool-kit of any trader. Our Trading Rewards Program follows hot on the heels of the recently launched HotForex App, and is our next step towards providing clients with exceptional trading tools and services as standard,” a HotForex spokesperson was quoted as saying.
HotForex is the unified brand name of HF Markets Group, which operates under its subsidiaries HF Markets, licensed by the Mauritius financial regulator, the Financial Services Commission (FSC), and HF Markets (Europe), which holds a license by the Cyprus Securities and Exchange Commission (CySec). CySEC regulation allows access to the markets of all other EU countries.
The broker offers both retail and institutional services.
Many other forex brokers offer loyalty programs to attract new customers and retain existing ones. Recently, Russia-oriented forex brokerage group Alpari said it has distributed more than $2.36 million to clients worldwide through its cashback loyalty program in the first 500 days of its launch. Shortly after, it expanded the program with binary options instruments.