LeapRate Exclusive… LeapRate has learned that CySEC regulated Retail Forex broker Vistabrokers CIF Ltd, which operates the vistabrokers.com MT4 brand, has launched second website and brand called TRADEiAM, at tradeiam.com.
The company has also launched an Affiliate Marketing website I AM AFFILIATES at iamaffiliates.com, to market TRADEiAM as well as other brands.
Vistabrokers registered the tradeiam.com site in November 2016, and last month went live with the site.
Vistabrokers is a mid size MT4 broker founded in 2013 which is focused on the Chinese language market. From the design of the TRADEiAM site, it looks like Vistabrokers has designed the new brand to appeal to younger, more mobile oriented traders. The company is offering trading on a multi-device web based platform as well as the popular MT4, in addition to social trading and features such as news and alert pop-ups and a loyalty reward program.
Interestingly, at the center of its homepage TRADEiAM is offering traders a €25 bonus (see screenshot above), a practice recently outlawed by CySEC. The bonus terms seem to indicate that the bonus is not tied to any requirement to deposit or trade, and that the bonus can be freely withdrawn by clients, subject however to ‘bank fees’ which we guess would eat up most or the entire amount. These terms might circumvent the CySEC bonus ban. However, it remains to be seen if the Cypriot regulator, which lately has been cracking down on the aggressive marketing practices of Forex and Binary Options brokers, will allow the front-and-center bonus offer by the new brand.