Instant 100% Forex Deposit Bonus

Instant 100% Forex Deposit Bonus + Up-to $200 FREE

Open a forex account today, or replenish your exiting forex trading account and become eligible to receive an instant 100% bonus on your deposit. Double your investment capital with FIGfx brokers before you even engage in forex trading. In addition, FigFX Brokers will add up-to $200 free bonus to your account absolutely free.

During 2010 for example, over 22,000 traders took benefit from this generous bonus. In 2011 and with the release of this new website, we have decided to make this 100% more like a tradition by making it a static, unique and of course unbeatable offer for all our traders.

How to Get The Free 100% Deposit Bonus?

All you have to do is actually open a forex trading account or replenish your existing trading account maintained with FIGfx Brokers; Upon receiving your deposit, we will instantly check if your account meets the terms and conditions listed on this page and credit the 100% bonus immediatley if you are eligible.

General Terms and Conditions for the 100% Deposit Bonus

Please make sure you read and understand the following terms in regards to our 100% free deposit bonus. Our backoffice assistants will check each and every account deposit against these rules and will credit the 100% bonus only if your account meets the following:

• Offer is valid for fully verified accounts only (help)
• There is a minimum deposit requirement of $10
• The 100% is given unlimited times; Once upon initial deposit, and once on the each replenishment afterwards.
• Additional bonus(es) are credited after a stop-out only. Consecutive deposits does not mean multiple bonuses
• Fund transferred between accounts are not eligible (see exceptions below)
• Internal account transfers does not qualify them to get the bonus (see exceptions below)
• Bonus cannot be transferred between accounts
• Bonus cannot be combined with any other bonuses and/or promotions
• Only one account per person is eligible to receive the bonus
• Only one account per household is eligible to receive the bonus
• Participant must make a minimum lot round turn transactions as per table below
• Bonus will be applied to an account as usable credit bonus
• Bonus does not apply for managed accounts
• Bonus is not given to accounts banned/blocked earlier for breaching any terms of service
• Bonus is not withdraw-able until the required round turn lot transactions are completed
• Bonus will be removed from an account after 45 days of account inactivity
• Bonus will be removed upon account stop-out automatically; You can deposit again to get the bonus again.
• Offer available in All countries except Kuwait, Pakistan and Cyprus

Additionally, please notice the following in regards to your rewarded bonus:

• Credits can not be accomulated, the bonus credit is removed automatically before another bonus is credited.
• Credited bonus is removed upon account stop-out; If you replenish your account again, you get the bonus again as well.
• Credited bonus will be removed instantly upon your first withdrawal of any size, before comlpeting the required lots.
• Additional bonuses (except first one) are available to stopped-out accounts only upon account replenishment. 

Internal Account Transfer Exceptions

Traders from Iran, Malaysia, Nigeria, Vietnam and Indonesia are exepmt from our rule above about internal account transfers. If you are a trader from any of these countries, you will be awarded the 100% bonus if you deposit locally through your local agent using an internal account transfer:

• Iran: - FIGfx Iran, Mr. Iman Salahashour
• Malaysia: - FIGfx Malaysia, Mr. Moh'd Rizal Maslan
• Nigeria: - FIGfx Nigeria, Mr. Uche Alozie
• Vietnam: - FigFX Vietnam, Mr. Le Van Minh 

Bonus Award Table

• For deposits above $10 and less than $200, the awarded bonus is 100%
• For deposits above $200 and less than $500, the awarded bonus is 75%
• For deposits above $500 and less than $1000, the awarded bonus is 50%
• For deposits above $1000 and less than $5000, the awarded bonus is 25%
• For deposits above $5000, the awarded bonus is 5%

Get an additional 5% if you deposit by Moneybookers, VISA® or Mastercard™
** up-to $200 only for all Moneybookers/Card payments.

** IMPORTANT NOTICE:
-- While the 100% bonus is usually credited instantly, it might take up to 48 hours to appear on your account; specially on weekends.

Minimum Lot Round Turn Requirements for Bonus Withdrawal

• 15 closed lots are required for deposits of $10-$200
• 25 closed lots are required for deposits of $200-$500
• 50 closed lots are required for deposits of $500-$1000
• 100 closed lots are required for deposits of $1000-$5000
• 300 closed lots are required for deposits of $5000 or more.

** IMPORTANT NOTICE:
Fair Usage Policy:
To make sure traders do not violate the minimum required lots requirements, the following is taken in consideration:

• Fully hedged positions do not count towards the required lot requirement
• Cancelled trades do not count towards the required lot requirement 

Trade More, Earn More

Upon withdrawal of the bonus money, our backoffice assistants will check your trading pip average; the higher your pip average is, the bigger portion of the bonus money will be withdrawn per your request as per table below:

• For pip average < 4 pips, no bonus will be withdrawn.
• For pip average > 4 pips, withdrawn bonus will be 10% only of the 100% initial bonus
• For pip average > 8 pips, withdrawn bonus will be 15% only of the 100% initial bonus
• For pip average > 12 pips, withdrawn bonus will be 20% only of the 100% initial bonus
• For pip average > 16 pips, withdrawn bonus will be 30% only of the 100% initial bonus
• For pip average > 20 pips, withdrawn bonus will be 50% only of the 100% initial bonus
• For pip average > 30 pips, withdrawn bonus will be 65% only of the 100% initial bonus
• For pip average > 40 pips, withdrawn bonus will be 85% only of the 100% initial bonus
• For pip average > 50 pips, withdrawn bonus will be all the 100% bonus amount

You can check your pip average from within your account's control panel at anytime.

Additional Terms and Conditions

• FIGfx brokers reserve the right, at it's sole discretion, to disqualify any individual that tampers/attempts to tamper with the Promotion, or breaches any agreed Terms of service.
• FIGfx reserves the right to alter, amend or terminate this Promotion, or any aspect of it, at any time and without prior notice.
• FIGfx may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the FIGfx Brokers website or sending an internal mail.
• FIGfx reserves the right, at it's sole discretion, to disqualify any individual from taking benefit from this offer without expressing any reasons.
• FIGfx recommends you to revise these Promotion Terms regularly and, by your continued use of the FIGfx Brokers website and services you accept any such modified terms.
• FIGfx assumes that each contributor has read and fully understood our terms of service, scalping policies, affiliate terms of service and other related documentation.
• Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into. If these Promotion Terms are translated into a language other than English, then the English version of the Rules shall prevail where there is an inconsistency. 

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Determinants of FX rates

The following theories explain the fluctuations in FX rates in a floating exchange rate regime (In a fixed exchange rate regime, FX rates are decided by its government):

(a) International parity conditions: Relative Purchasing Power Parity, interest rate parity, Domestic Fisher effect, International Fisher effect. Though to some extent the above theories provide logical explanation for the fluctuations in exchange rates, yet these theories falter as they are based on challengeable assumptions [e.g., free flow of goods, services and capital] which seldom hold true in the real world.

(b) Balance of payments model (see exchange rate): This model, however, focuses largely on tradable goods and services, ignoring the increasing role of global capital flows. It failed to provide any explanation for continuous appreciation of dollar during 1980s and most part of 1990s in face of soaring US current account deficit.

(c) Asset market model (see exchange rate): views currencies as an important asset class for constructing investment portfolios. Assets prices are influenced mostly by people’s willingness to hold the existing quantities of assets, which in turn depends on their expectations on the future worth of these assets. The asset market model of exchange rate determination states that “the exchange rate between two currencies represents the price that just balances the relative supplies of, and demand for, assets denominated in those currencies.”

None of the models developed so far succeed to explain FX rates levels and volatility in the longer time frames. For shorter time frames (less than a few days) algorithms can be devised to predict prices. It is understood from the above models that many macroeconomic factors affect the exchange rates and in the end currency prices are a result of dual forces of demand and supply. The world's currency markets can be viewed as a huge melting pot: in a large and ever-changing mix of current events, supply and demand factors are constantly shifting, and the price of one currency in relation to another shifts accordingly. No other market encompasses (and distills) as much of what is going on in the world at any given time as foreign exchange.
Supply and demand for any given currency, and thus its value, are not influenced by any single element, but rather by several. These elements generally fall into three categories: economic factors, political conditions and market psychology.

Economic factors

These include: (a)economic policy, disseminated by government agencies and central banks, (b)economic conditions, generally revealed through economic reports, and other economic indicators.

• Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by which a government's central bank influences the supply and "cost" of money, which is reflected by the level of interest rates).
• Government budget deficits or surpluses: The market usually reacts negatively to widening government budget deficits, and positively to narrowing budget deficits. The impact is reflected in the value of a country's currency.
• Balance of trade levels and trends: The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example, trade deficits may have a negative impact on a nation's currency.
• Inflation levels and trends: Typically a currency will lose value if there is a high level of inflation in the country or if inflation levels are perceived to be rising. This is because inflation erodes purchasing power, thus demand, for that particular currency. However, a currency may sometimes strengthen when inflation rises because of expectations that the central bank will raise short-term interest rates to combat rising inflation.
• Economic growth and health: Reports such as GDP, employment levels, retail sales, capacity utilization and others, detail the levels of a country's economic growth and health. Generally, the more healthy and robust a country's economy, the better its currency will perform, and the more demand for it there will be.
• Productivity of an economy: Increasing productivity in an economy should positively influence the value of its currency. Its effects are more prominent if the increase is in the traded sector [1].

Political conditions

Internal, regional, and international political conditions and events can have a profound effect on currency markets.
All exchange rates are susceptible to political instability and anticipations about the new ruling party. Political upheaval and instability can have a negative impact on a nation's economy. For example, destabilization of coalition governments in Pakistan and Thailand can negatively affect the value of their currencies. Similarly, in a country experiencing financial difficulties, the rise of a political faction that is perceived to be fiscally responsible can have the opposite effect. Also, events in one country in a region may spur positive/negative interest in a neighboring country and, in the process, affect its currency.

Market psychology

Market psychology and trader perceptions influence the foreign exchange market in a variety of ways:

• Flights to quality: Unsettling international events can lead to a "flight to quality," a type of capital flight whereby investors move their assets to a perceived "safe haven." There will be a greater demand, thus a higher price, for currencies perceived as stronger over their relatively weaker counterparts. The U.S. dollar, Swiss franc and gold have been traditional safe havens during times of political or economic uncertainty.^[16]
• Long-term trends: Currency markets often move in visible long-term trends. Although currencies do not have an annual growing season like physical commodities, business cycles do make themselves felt. Cycle analysis looks at longer-term price trends that may rise from economic or political trends.^[17]
• "Buy the rumor, sell the fact": This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being "oversold" or "overbought".^[18] To buy the rumor or sell the fact can also be an example of the cognitive bias known as anchoring, when investors focus too much on the relevance of outside events to currency prices.
• Economic numbers: While economic numbers can certainly reflect economic policy, some reports and numbers take on a talisman-like effect: the number itself becomes important to market psychology and may have an immediate impact on short-term market moves. "What to watch" can change over time. In recent years, for example, money supply, employment, trade balance figures and inflation numbers have all taken turns in the spotlight.
• Technical trading considerations: As in other markets, the accumulated price movements in a currency pair such as EUR/USD can form apparent patterns that traders may attempt to use. Many traders study price charts in order to identify such patterns.^[19]

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