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Thread: is this ok?

  1. #1
    In Profit tonmaibiya's Avatar
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    Default is this ok?

    I just open another standard account under my friends who open her account under me..

    is this OK to do?

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    i think as long as u re not chunning ,there is no problem ... but the manager is more position to answer this question...sm_win

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    Director of FXOpen Aus FXOjafar's Avatar
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    The security department will be able to detect churning activity. Otherwise I don't believe there to be a problem.
    Jafar Calley - Director
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    what is the punishment for chunning.sm_smile

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    Director of FXOpen Aus FXOjafar's Avatar
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    Quote Originally Posted by richtrader View Post
    what is the punishment for chunning.sm_smile
    Fraudulent commissions are forfeit, accounts closed, banishment and blacklisting.
    Jafar Calley - Director
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    What is Chunning?

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    Director of FXOpen Aus FXOjafar's Avatar
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    Quote Originally Posted by 69450 View Post
    What is Chunning?
    Churning is opening up new accounts for yourself using your OWN referral link for the purpose of generating referral income.
    Jafar Calley - Director
    FXOpen AU Pty Ltd
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    Quote Originally Posted by RebateFX.com View Post
    Fraudulent commissions are forfeit, accounts closed, banishment and blacklisting.
    Is this not a case of killing a fly with a sledge hammer?

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    well chunning is a frudulent act and culprits should be banned from fxopen.

  10. #10
    Intraday Master
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    Quote Originally Posted by fxcarbon View Post
    well chunning is a frudulent act and culprits should be banned from fxopen.
    agreed, because the main objective of having a trading account is to trade and not just to gain a point or comm from your affiliate acc. Remember, forex is not a MLM scheme. When company give comm, its just a bonus to us. Don't turn a forex into MLM which is the main target is getting comm.(like Erlan cases)...Hope everybody understand. If a person don't dare to trade , try not to involve in this field. There are a lot of thing they can do in this world.........

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    In Profit omobaorun's Avatar
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    i don't think opening a live a/c is for the purpose of bonus,i belive is for the purpose of trading,so pple should hav this in their mind.

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    well we have enough bonus to earn here
    so no need to open multiple accts here

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    i also think that there is no need of multiple acc
    & ofcourse churning peoples should be banned,
    i think churning is cheating

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    well can anybody tell me the exact meaning of churning?
    I have seen this term in fx open forum only

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    what is refferal exactly?

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