Update 10/8/24: Deal is back and valid until 10/31
Update 11/4/23: Bonus up to $10,000 is back. (ht Docfan) For the $500 tier, they increased the deposit requirement to $1,500 and the trade volume requirement to $100,000. Important note: stop-loss method is no longer allowed, per the terms.
Update 1/26/23: There is now a new bonus that is up to $10,000. The only version worth doing is the $250 bonus that requires $25,000 in trading volume. Hat tip to reader Lefty
Contents
The Offer
- Forex trading platform Oanda is offering a bonus of up to $5,000.
Our Verdict
$500 bonus is the only one worth considering, this requires a $500 deposit and $50,000 in Minimum Notional Trade Volume Requirements. Shawntheshawn explains how to do this in some detail here. Similar to the IG trading bonus.
Bonus just posted in mine and P2s account. Setup and complete trading on 10/30. To get around the 1 per household limit I listed my address as apt xy and P2s as unit x-y. Not sure if that’s why it worked but glad it did!
Seems like they processed my withdrawal as an ACH: “ACH CREDIT / OANDA CORPORATIO PAYMENT Transfer”
No fee on either end
So no wire transfer fee, for the search bar
Has anyone got the welcome back bonus?
Yes, but not automatically. Two months after meeting the requirement there was no bonus so I chatted with CS. CS acknowledged that my account was eligible and I met the requirements but said they had no control over the bonus and said someone would call me back. I talked to the rep over the phone the rep said he was going to look into it. Days later the bonus was posted after a couple more email inquiries
Opened and completed trading (did double the trades just in case and used no stop loss) on 10/30. Still no bonus, maybe they do them in waves and I just wasn’t in the last wave?
You have to hold the initial deposit for 30 days after you complete the trades. You probably will get the bonus later this month since they don’t release it exactly after the holding period
Still no bonus, starting to get a bit concerned, not sure what date I should be expecting the bonus to arrive though? 🤔
After waiting the full 30+couple error failsafe days I’ve wd ~2050 from acct; no wire fee was taken. I deposited close to the end of the term period so I decided to wait to be safe so bonus wasn’t claweb back.
What should I do with the account after withdrawing the fund? Should I close it or keep it to wait for the future promo for existing accounts?
Up to you, but there are some reports of targeted offers from users with open, empty accounts. 1 2 May have been more
Signed up for welcome back promo and completed the requirements in September, still no bonus. Contact CS several days ago, CS said they were going to submit an escalated ticket for review. Messaged CS again today trying to get an update, CS said they couldn’t see any information.
Initial funding done via debit card. Withdrew original amount to debit card.
CS asked for bank statement to wire the rest (same account as debit card). Wire was done in 1 day with no fees taken for the wire.
got bonus despite using stop loss for nearly all trades, woohoo.
now i can buy more bitcoin futures and lube!
unable to withdraw funds to different account as my original funding account no longer valid(closed), got email saying transfer is denied and I have to use original funding source account only. waiting for closed account statement as proof.
not sure why these guys giving this much trouble, let me know if anyone has workaround for this.