Tradefair 50 bonus

  • Just got an email offering 50 quid bonus after 10 trades on Tradefair. Anyone know enough about this platform, or trading in general, to know whether this would be profitable?

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    Walter Mitty 0

    Says £1 a point minimum bet. Assuming their spread on something like EUR/USD is 1 point then if you simply bought and then closed a second later you could probably get away with £10-20 losses over the 10 trades. In which case it is probably profitable. However surely they aren’t going to just let you do it like that?

    The only other way to do it to make it seem like you aren’t blatantly milking the bonus is to open the opposite position on somewhere like IG markets as a hedge. However if you did it like that then I doubt this would be profitable as you would be paying the spread twice.

    +0
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