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Up To 150k Qantas Points for $10k Deposit and 5 Full Lot Size FX Trades on Forex Site Pepperstone

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WARNING - Only trade the amount you can afford to lose!! This deal is NOT for everyone. It is for people with FX trading experience!!!

TOTAL 150k Qantas points to grab if you know what you are doing.

New clients can earn up to 100,000 Qantas Points on their first deposit. (Existing client is excluded).

New, eligible Pepperstone clients will earn 10 Qantas Points per $1 on their first deposit, up to a maximum of 100,000 points during the Winter Promotion period. Getting started is easy:

Open a new Pepperstone Live Trading account between 16th July 2018 and 31st August 2018
Link a Qantas Frequent Flyer membership
Make a deposit to earn up to 100,000 points
Then earn an additional 20 points per lot on FX trades during the promotion
You need to do 5 FULL Lot FX trades to get the bonus

Get started now and begin earning Qantas Points today. T&C's apply.

First Deposit Offer
The First Deposit Offer is to earn 10 Qantas Points per AU$1 deposited into the individual Pepperstone trading account, up to a maximum of 100,000 Qantas Points, on an Eligible Client’s first deposit, subject to the following conditions:

This offer is only available to new Eligible Clients who have not previously held a funded trading account at Pepperstone.
Pepperstone reserves the right to extend the First Deposit Offer to existing Clients who have previously held a funded trading account with Pepperstone at its discretion. Existing Clients eligible will be notified via email or phone.
Eligible Clients must trade 5 full FX lots on Major currency pairs (AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY), Minor currency pairs (AUDCAD, AUDCHF, AUDNZD, AUDSGD, EURAUD, EURCHF, EURGBP, GBPAUD, GBPCHF, NZDUSD) or Crosses (CADCHF, EURCAD, EURNZD, GBPCAD, GBPNZD, USDCAD, AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, NZDJPY), excluding Exotics, Commodities, Indices and Futures, as defined here.
Qantas Points earned on the First Deposit Offer will be allocated at the beginning of the subsequent calendar month, a minimum of thirty (30) days after the fifth (5th) full FX lot is traded.
This offer can only be claimed once per household.
Eligible trades must be open for a minimum of five minutes.
Trades must be placed by the individual who is participating in this offer.
This promotion is not transferable to other account holders and is not redeemable for cash.
This offer cannot be used in conjunction with any other Pepperstone promotion.

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closed Comments

  • Can you withdraw the 10k after depositing and recieve 100k points?

    • you need to buy/sell 5lots and hold the position for atleast 5 minutes..
      each lot is 100K of the base currency for ex if you were to buy 1 lot of AUD/USD that would mean you are long 100K AUD, so basically 5 lots would mean punting half a mil to get those 100.1K qantas points..

  • seems to be very tempting..iv been trying to analyse the possible loss by booking demo trades for past few days…if I am able to keep my loss under or = $1000, then it would work out to be 1c/point…high risk-decent reward..

    • Just open a 5 lot trade and close it straight away and pay the spread of approx $50

      • According to the condition you have to keep the trades for 5 minutes -

        Eligible trades must be open for a minimum of five minutes

      • position needs to be open for atleast 5 minutes..

        • Then open 2.5 lots long and 2.5 lots short as separate trades then you're hedged and you close them off after 5 minutes

          Or go 5 lots long with pepperstone and 5 lots short with a different broker

        • @jamestownfx: In addition to this you could try it in the early hours of the Asian session, nothing moves, spreads will probably be wider though.

  • Just do 6 equal and opposites and you're set? (3 long 3 short)

    • 5 minutes rule… 1 long + 1 short = close your position

      • Does pepperstone not let you open long and short positions simultaneously anymore?

        There's so many ways ways to hedge using 3 pairs then eg:
        EURUSD
        AUDUSD
        EURAUD

        Or 5 lots long with one broker 5 lots short with another. Or 2 separate accounts with Pepperstone.

        • Or 2 separate accounts with Pepperstone.

          I like that option … 200k points? How much is the spread on pairs like AUDUSD or EURUSD? How much it is likely to cost for the 10 trades all up?

        • There's so many ways ways to hedge using 3 pairs then eg: EURUSD, AUDUSD, EURAUD

          Does this actually work with pepperstone? Presumably by the time you've done the 3 trades, you'll have no exposure in the foreign currency so there's nothing to close out … so you don't meet the 5min rule?

        • @salmon123:

          Huh? They're 3 separate trades. You have to adjust your lot sizes based on pip values to be hedged properly. It's advanced hedge. Easier to go long and short on the same pair using multiple accounts.

        • @salmon123:
          1 pip 10usd for AUDUSD. So if you open and close and your spread is 1 then that.

        • @jamestownfx:

          Huh? They're 3 separate trades

          You said earlier, "Does pepperstone not let you open long and short positions simultaneously anymore?" … I was extrapolating that logic, so if you 3 traded those 3 pairs you would finish up with an exposure of 0 in EUR and 0 in USD (Aud being your base)… so you wouldn't meet the 5min rule.

          I had a look at the demo account and it looks like they do still allow simultaneous long and short positions, so the easiet way to get the 100k points is to just go long and short 1.25 lots in a pair … will cost ~$50 in spread and commissions.

        • @jamestownfx:

          1 pip 10usd for AUDUSD. So if you open and close and your spread is 1 then that.

          Pepperstone have 2 account types - Standard and Razor:

          • The spread for AUDUSD on the standard account for around 1.2 pips (on the demo account)
          • The spread for AUDUSD on the razor account is around 0.2 pips, but you pay a $7 commission per lot round trip ($3.5 for buy + $3.5 for sell), so it's slightly cheaper.
  • Can it be an accumulated 5 full lots? Eg 50 0.1 lots in total?

  • holding for 5 minutes. then sell?isn't that called "short selling"? does it still allow?

  • How much are 1 full FX lots? This deal sounds too good to be true…

  • Why does the title say 150k points? I only see 100k points in the description.

    • Never mind - i get it now … 20 points per lot … basically need to trade $250m worth to get the 50k point.

    • You could earn maximum 50k points per month by trading. That is outside of first deposit bonus.

  • +2 votes

    WARNING - Only trade the amount you can afford to lose!!

    So what you are saying is lose $10k and get 150k Qantas points in return ?

    • So what you are saying is lose $10k and get 150k Qantas points in return ?

      You need some skill to trade 250 million dollars and only lose 10k

  • How much leverage do you get? can i trade $10m in one go witha 10k deposit?

  • If ur investing 10k, placing 5 lots is risky. Consider to copy some good trader from mql5 and withdraw the profit n 100k qantas points.

  • Could my friend and i both take up the offer. Then one person takes a short position and another long to break even after (excl trade fees)?

  • Theoretically, if the market becomes too volatile, you can lose your $10k deposit in a blink. Even if you open long position and your friend opens short, there is still a chance to lose both deposits. Not likely but still possible..
    Or am I exaggerating?

    • Or am I exaggerating?

      It's happened before - in 2015 the swiss national bank made an unexpected announcement about un-pegging the franc to the euro. If you were trying to get into offsetting positions at that time, you probably would've lost quite a bit.

      You can minimize the risk of these types of unexpected announcements by trading at 6am on a Monday morning (Sydney time)- just when New Zealand is opening up … but there's still the risk that the US will drop bombs somewhere, which can also cause currency volatility.

      • But the friend who was short USDCHF would have offset the loss.

        Or am I exaggerating?

        5 lots with 10k margin is 50x leverage, leaving your liquidation price around 2% from entry. If the price whipsawed 2% up and then 2% down then yes. Theoretically, if the market becomes too volatile, you can lose your $10k deposit in a blink

        Like I and others have said, you could try it in the early hours of the Asian session, and keep an eye on an economic calender to make sure you are not doing it around any news events.

        • But the friend who was short USDCHF would have offset the loss.

          During a move like the swiss national bank event, everyone was struggling to get filled, so there a risk that you were left with an unhedged position.

          Further, if you do this across 2 accounts with 2 people … you'd have to pay tax on the profits in one account, but couldn't deduct the losses in another account … its difficult to estimate what the tax impact of this strategy will be.

  • If you are new to trading, I would strongly advise to advoid CFDs at all costs. A person I work with tried his luck with crypto currencies, on a CFD, a few months back & it didn't end well.. Most idiotic venture I've ever witnessed.

    Make sure you understand the basics involved e.g. The spread, stop losses, margin etc. A baptism of fire awaits otherwise.

  • A possible way to get 10k extra reward points is to fund pepperstone account with your credit card or PayPal. That way you will at least earn the 10k reward points for your credit card first.
    Some Qantas or virgin visa and MasterCard credit cards will let you do that. They don't support amex cards unfortunately.

  • Correct me if I am wrong but can't you just deposit $10,000. Make 5 lot trades using 1:500 leverage, meaning your margin for each trade would be $200, then set stop loss for like $40 and for profit something similar. As long as the trade last longer than 5 minutes you should be all good. Worst case would be lose 5 x $40, then get 100,000QFF, would that work?

  • Make 5 lot trades using 1:500 leverage, meaning your margin for each trade would be $200, then set stop loss for like $40 and for profit something similar. As long as the trade last longer than 5 minutes you should be all good.

    I wouldn't try that - a 5 pip move on a major pair would trigger your stop loss. I don't like the chances of that trade lasting 5 mins.

    • I just tried a few times on ctrader demo with 3 pip move on AUD/USD and it last over 5 minutes easy, that accounts also for a smaller potential loss/profit.

      • I just tried a few times on ctrader demo with 3 pip move on AUD/USD and it last over 5 minutes easy, that accounts also for a smaller potential loss/profit.

        What's your point? a 3 pip move wouldn't trigger your stop loss, in the scenario you described above. A 5 pip move would.

        In the past hour, I can see a few of 5 pip moves for AUDUSD … none of them within 5 mins, but I wouldn't chance it for this deal.

  • Pepperstone has changed the promotion to a maximum of 10,000 Qantas Points for deposit (by deposit $1,000)
    OP, please update the post!

  • Given the Turkish Lira issue & EM selloff, last couple of days have been good opportunity to make or lose shit loads of money!! Gonna be volatile for few more days so trade cautiously, don'g get burned!
    PS - this is not a financial advice. Pls due your own due diligence with your trusted adviser.