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Thread: A quistion about "Churning"

  1. #1

    Default A quistion about "Churning"

    I'm getting a little confused about what was posted on the forum about "Churning".

    So I would aprpeciate it if the manager clear things for me.

    I manage my referral acounts, I opened the accounts for them and manage those accounts as I know my referrals personally,
    I don't charge them anything, onely the referral rebates from FxOpen.

    So the accounts will be opened from my computer and be managed from it.

    So please let me know if that is OK or is it against The affiliate program rules.

  2. #2
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by [email protected] View Post
    I'm getting a little confused about what was posted on the forum about "Churning".

    So I would aprpeciate it if the manager clear things for me.

    I manage my referral acounts, I opened the accounts for them and manage those accounts as I know my referrals personally,
    I don't charge them anything, onely the referral rebates from FxOpen.

    So the accounts will be opened from my computer and be managed from it.

    So please let me know if that is OK or is it against The affiliate program rules.

    If FXOpen will decide that accounts were opened just to accumulate referal commission (even under the different names) FXOpen will cancel partnership agreement with referal agent.

  3. #3
    Bullish fxria's Avatar
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    Quote Originally Posted by FXOpen Manager View Post
    If FXOpen will decide that accounts were opened just to accumulate referal commission (even under the different names) FXOpen will cancel partnership agreement with referal agent.
    You said one can open as many accounts as possible so long as they are being funded and trading, now you talk of churning - Is that not contradicting?

  4. #4
    Denis Peganov, FXOpen Development Director cool user FXOpen Manager's Avatar
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    Quote Originally Posted by fxria View Post
    You said one can open as many accounts as possible so long as they are being funded and trading, now you talk of churning - Is that not contradicting?
    No, it is fine. 1 person can not open account under own referal link, it is churning offcourse.

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    Super Moderator nonamer's Avatar
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    Quote Originally Posted by fxria View Post
    You said one can open as many accounts as possible so long as they are being funded and trading, now you talk of churning - Is that not contradicting?
    we now talk about churning -
    u cant refer u self or try to lying about referral system

    Quote:
    Notice: The affiliate program provided by FXOpen prohibits the practice commonly known as "churning". Churning - the practice of executing trades through a misrepresented client account or for benefit of a misrepresented affiliate account in order to get commissions. In case of the churning activity FXOpen may remove all commission added to partner's account and cancel agent's account's status.


    to open many account u are allowed as long u deposited at least 25$

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