I just wanted to let other MTI students know that Forex.com is making a 5% bonus available to any FXCM customers whose accounts will be closed at the end of the month. HOWEVER, you can not just have FXCM transfer your account over to Forex.com. You have to close the account and open a new account with Forex.com.
Transfers are NOT eligible.
What I did today was eligible. You do need to have enough to open a new account, but if you do, this will work for you. Here's what I did. I opened a new account with $5,000, and asked about the 5% promotion for new accounts. They gave me the promotion, which includes some trading stipulations (equivalent of 50 standard lots of trading in the first 180 days). So, once I have made the equivalent of 50 standard lots in trades, within 3-5 days they will credit my account with 5% of my new account, or in my case $250. Then, after closing all my trades on FXCM, I went online to their webpage and withdrew all my funds from that account. I didn't close the account though because I will need information for completing my taxes.
If you have any questions, feel free to write me at email@example.com
All the best,