LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
The Retail Forex world is not short of promotions and offers for clients. So when we come across something a little interesting or unique, we like to point it out to our readers.
It appears as if ASIC-regulated Australian retail forex broker Pepperstone has come up with an interesting way of attracting new clients and rewarding trading volumes for existing clients – the very old notion of frequent flyer points.
Pepperstone has partnered with Australia’s largest airline Qantas to offer points to new clients who make first time deposits, and to new and existing clients who trade.
To the best of our knowledge, this is the first such promotion in the Retail Forex world. (If you have seen something similar please let us know).
The key elements of the Pepperstone-Qantas program are:
- Clients must first be members of the Qantas Frequent Flyer program. Note that joining the Qantas frequent flyer program costs Australian residents AUD$89.50, but they’ve agreed to waive the fee for new Qantas members who sign up via the Pepperstone offer.
- First Deposit offer – New Pepperstone clients can earn 10 Qantas Points per AUD$1 deposited into an individual Pepperstone trading account, up to a maximum of 10,000 Qantas Points. The offer is only available to new clients who have not previously held a funded trading account at Pepperstone. And, before receiving the First Deposit points a client must first trade a minimum of five FX lots on certain Major or Minor currency pairs or crosses (excludes Exotics, Commodities, Indices and Futures).
- Trading Volumes offer – New and existing clients can earn 10 Qantas Points for every one FX lot traded, up to a maximum of 10,000 Qantas Points per calendar month. Qantas Points will only be earned on FX trades on Major or Minor currency pairs or crosses (excludes Exotics, Commodities, Indices and Futures).
More on the Pepperstone-Qantas points promotion can be seen on Pepperstone’s website. (You might need to have an Australian IP address to see it).