By Andrei Skvarsky.
M4Markets, a foreign exchange (FX) and contract-for-difference (CFD) brokerage, has announced that clients of the company will receive $2 for every lot they trade as a Christmas-New Year rebate promotion launched on December 1 and expiring on January 31.
Only direct clients, both current and new ones, and only those holding a standard account with M4Markets are eligible for the promo. The latter does not apply to clients introduced by brokers.
There are no minimum lot requirements. Nor is there any cap on rebates earned, M4Markets, which is based in the Seychelles, said in a statement.
New clients can open an account directly through the M4Markets website. They would need a minimum deposit of $50.
The promo automatically applies to existing clients meeting its criteria.
A CFD is a speculative financial derivatives contract stipulating that the difference between the value of an asset as of the moment of settlement and its value as of the moment of signature of the contract will be paid by the buyer to the seller or vice versa depending on which value is higher.
The payment must be made in cash and not in physical goods or securities.
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