This is probably the biggest no deposit bonus you’ll ever see, so far. However, this type of bonus is not for everyone but only for experienced or professional traders who have experienced being an account managers, money managers, and PAMM traders before or at present. By the way, it’s a $3000 bonus from ForexTime (FXTM) broker.
ForexTime is a new NDD (non-dealing desk) forex broker established last 2010 in New Zealand registered under FSP NZ (Financial Service Provider) by 2011 that offers no minimum deposit on standard accounts. It is also a member of FDR (Financial Dispute Resolution), a free and independent dispute resolution scheme to help consumers and financial service providers to resolve disputes. Though it is new, it has already been recognized as the ”Best Trading Platform of the Year” by a Chinese financial site hexun.com (not sure how platforms are being rated since almost all has the same platform MT4, but the site itself would prove that it has an edge with being a technology-driven broker). FXTM has also been a main sponsor of the 6th annual Shanghai Investment Banking Financial Exhibition that took place last December 9-11, 2011, at the Shanghai Everbright Convention & Exhibition Center. To know more about the different trading terms and conditions with this broker, see it’s page at the Brokers Section.
We’ve been talking about PAMM, PAMM (defined as Percent Allocation Management Module or Percent Allocation Money Management) is a trading or investment solution that allows brokers to offer traders accept or create investments with other traders at their own agreements. A PAMM account manager, most probably a trader as well, is someone that accepts and handles investments from PAMM investors (which may also be traders). Profits or loss are distributed in terms of percent between parties. PAMM is broker-specific, meaning, you can only invest on a trader that is a client of the same broker.
How To Claim The Bonus
- Click here to visit ForexTime. (Promotion Page)
- Click “Become a Manager” button. (see image below)
- Register your details and choose a PAMM description (PAMM name).
- Provide a history of your trading with other brokers to prove you PAMM account management experience. Include as many as possible as these details will also be attached to your PAMM account for attracting investors.
- Promotion is until January 31, 2012 only.
- Only one PAMM account per client.
- The bonus is for trading only. Profits can not be withdrawn. Bonus and profits are only used for opening a PAMM account, provide PAMM account performance & statistics, and receive PAMM investors.
- A client must make a deposit to his PAMM account within 0ne year of registration. (PAMM account with ForexTime starts with $200).
- Funds received through investment can used and withdrawn anytime.