Search ForexCrunch

GFT wants more forex traders, and offers a nice incentive to woo them from other brokers – a one pip rebate for every trade the trader made – as long as they prove they have another account. This promotion is very interesting because of the targeting – GFT targets only existing forex traders, excluding newbies.

Michael Greenberg reports about this promotion, offers his opinion and the full details, which are not that complicated.

Will other brokers follow? Is the forex market so saturated in the US that brokers will increase efforts on other brokers’ clients?