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Forex Zone Points System

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Forex Zone Points System in Promotions_topic=3035
Forex Zone Points System


CURRENT STATUS:

  • ACTIVE


HOW TO GET POINTS:

  • Posting (1 Points per post)
  • New Topic (2 Points per new topic created)
  • Attachments (1 Points per each attachment posted)
  • Images (1 Points per inline image using [img] bbcode tag)
  • Referrals* (1000 Points per referral who successfully registers)
* Note: Referrals will manually be credited upon request, but a maximum of once per month.

REDEEMING POINTS:

- For Crypto

  • 1000 points = 1000 FZT (conversion rate: 1 point = 1 FZT)
  • 1000 points = 5000 Satoshi (conversion rate: 1 point = 0.00000005 BTC)

- For Trading Money

  • 1000 Points = $10 (FxGlory)
  • 1000 Points = $7 (FxOpen, Kinesis)
  • 1000 Points = $5 (FxChoice, LMFX, Hugo FX)
Note: Points are only redeemed in increments of 1000.

HOW TO REDEEM:

  • Whitelisting is mandatory first (except for VIP members).
  • Reply in this section, PM 'Admin', or send an email to 'admin@forex.zone'.
  • State how many Points you want to redeem and if you want Bitcoin, FZT, or trading money.
  • Your points will then be deducted from your forum account and the reward will be sent.

PAYMENT METHODS:


* Note: Please read the forum section called Forex Zone Transfers To Brokers


QUESTIONS/ANSWERS:

Question) Why aren't the redemption methods equal in value?
Answer) For Crypto, the BTC price is constantly fluctuating and so is FZT. To keep it simple and easy-to-understand, 1 point is always 1 FZT, regardless of FZT value in fiat money. And 1 point is pegged to 5 Satoshi (0.00000005 BTC) currently. Real-time changes in values based on fiat are not done, but simple pegs are used instead. For trading money, the Dollar values are different because different brokers have different terms and benefits. FxGlory currently receives the highest value because it is easy to work with and provides good compensation. So a higher amount gives traders more incentive to redeem for trading money with FxGlory.

Question) Do I have to pay the BTC network fee?
Answer) Yes, the BTC network fee will be deducted from your BTC transaction. Bitcoin should only be used when redeeming a large sum of points. It is not worth redeeming small amounts like 2000 points if the network fee is this much. So keep this in mind when selecting your redemption method. FZT has zero transaction fee deducted from your transfer and is ideal for converting small amounts of points.

Question) Do I have to trade with the trading money?
Answer) Yes, it is expected that trading money be used for trading purposes. The trading supports the forum, supports the broker, and gives traders the ability to profit risk-free. It is a win-win for everyone involved. The forum is already very generous compared to all other online forums. So please trade with the trading money you receive.

Question) Can I redeem fewer points instead of waiting until I reach the redemption level?
Answer) No. The points must be redeemed in increments of 1000. So 1000, 2000, 3000, etc...

Question) How do I redeem points (withdraw points)?
Answer) Assuming you are already whitelisted, simply contact the Forex Zone admin. You can do this by sending a PM to Admin, sending an email to 'admin@forex.zone', or replying in this forum section. Just state how many points you want to redeem and your wallet/account.

Question) After I send a request to redeem points, how long does it take to receive?
Answer) This depends on current workload, day of week, and other factors. You will receive what you request as fast as possible. It could take minutes or it could take hours or even a couple days (eg. during holiday).

Question) Can I redeem my points for mixed rewards?
Answer) Yes, you can redeem your points for trading money and FZT. For example, let's say you have 15000 points. You can redeem 10000 for trading money and the remaining 5000 for FZT.

Question) How many times can I redeem points?
Answer) There is no limit to the number of times a forum member can redeem points, granted the forum member is in good standing with the forum.

Question) Why are the referral points manually credited?
Answer) Making referrals can be an easy way to gain many points in a very short time. Since that is the case, it is also prone to cheating though. This is why referrals will be manually reviewed and credited. Referral quality and signs of cheating will be checked. If you are making genuine Forex/Crypto related referrals then you have nothing to worry about.

Question) Why can I only claim referral points once per month?
Answer) The manual review will be done upon request only, but no more than once per month simply because it would be very time-consuming otherwise. If there was no limit like this, it could literally mean thousands of different requests a week.


TERMS:

  • The Points system may stop in the future at any time we deem appropriate.
  • The redemption values for Points may be adjusted in the future at any time we deem appropriate.
  • The Points system may be paused if needed due to bugs, members cheating, or any other reason we deem appropriate.
  • Cheating will not be tolerated. Any cheating by members (eg. making fake referrals, junk posts, etc...) will cause Points to be invalidated. The Forex Zone Administration may adjust a member's Points, at it's sole discretion, if cheating has occurred.
  • Members must have their account whitelisted before redeeming points. With the exception of VIP members.
  • The Points are automatically calculated and recorded by the Forex Zone software and are dependent on such software always being online and operating correctly. The Forex Zone forum will not be held liable for missing Points caused by bugs, downtime, hacking attacks, or anything else.
  • The Points system is a privilege for Forex Zone members and not an entitlement. The Forex Zone administration may exclude problematic members from redeeming Points at it's sole discretion.
  • The sharing of trading accounts and wallets between forum members is prohibited. Only your own personal trading account or wallet may be used for redeeming Points. Members caught sharing accounts/wallets or trying to receive funds on behalf of another forum member will forfeit their Points.
  • Traders are expected to trade with the free trading money they receive. Members who do not trade with the free trading money may be excluded from the Points System in the future.
  • This Points system is operated by the Forex Zone forum and is completely independent from the brokers listed above. All questions or concerns regarding this Points system should be directed to the Forex Zone forum.
  • Participation is optional and done according to your own will.
  • Participation is free of charge. No purchase is necessary.
  • You are responsible for the accounting and recording of your own Forex Zone Points redemptions, if any, that you receive for tax purposes. We will not send out tax forms or get involved with your taxes unless it becomes legally mandatory to do so.
  • Under no circumstances will we be held liable for any damages or losses you incur by participating.
  • The terms and conditions of this Points system may change at any time. You are responsible for checking back here for updated terms or conditions, if any. It's best to have email notifications and alerts enabled so you stay informed.
  • If you do not agree with all the terms, do not participate.

Please read the above terms and conditions carefully before asking questions. Thank you!


Linkback: https://www.forex.zone/promotions/36/forex-zone-points-system/3035/
#1 - February 22, 2020, 03:27:17 PM
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  • Sr. Member
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Congratulations on Forexzone forum 

This point system is a very brilliant idea for the members of this forum, because with this "POINT SYSTEM" members can get savings points in the future other than the contests held by this forum, and I am sure the members will compete to make a good post and useful for other members. I have gained 50 points today from the original 15 points to 50 points up 35 points or 200% more by writing only 3 posts. 

Good job for forexzone. 
Regards
#2 - February 22, 2020, 04:10:22 PM
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I want to participate in the planning of this point
#3 - February 22, 2020, 09:55:59 PM

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Responding to point 7 I want to ask, meaning if only online 24 hours a day will get 1440 points, with a calculation of 1 point per minute, means 60 points per hour and if multiplied 24 hours means 1440 points, is that correct sir?
And for point 5. If someone uploads an image in his post using an image upload service provider such as tinypict, postimage etc. is that included?
And can the prize be on WD directly?
Thank you
#4 - February 22, 2020, 10:56:33 PM
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« Last Edit: February 22, 2020, 11:06:20 PM by Tahajud »

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if only online 24 hours a day will get 1440 points, with a calculation of 1 point per minute, means 60 points per hour and if multiplied 24 hours means 1440 points, is that correct sir?
Yes, that is correct if you are online every minute of a day since there are 1440 minutes in a day.



If someone uploads an image in his post using an image upload service provider such as tinypict, postimage etc. is that included?
It depends if the service you are using gives you [img] bbcode. HTML links are not counted.



And can the prize be on WD directly?
Yes, Burst can be sent directly to your wallet.


#5 - February 22, 2020, 11:55:29 PM

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What does point mean for $ 50000 transferred to a personal account? Is it transferred to a glory or bitcoint FX account?
#6 - February 23, 2020, 01:34:24 AM
« Last Edit: February 23, 2020, 01:55:17 AM by Admin »

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What does point mean for $ 50000 transferred to a personal account? Is it transferred to a glory or bitcoint FX account?
It means your personal FxGlory, FxOpen, LuckyGames, etc... Do not share accounts with someone else.
#7 - February 23, 2020, 01:58:23 AM

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really a very interesting promotion, unthinkable before and extraordinary is that only online in this forum can get points that can be redeemed into cash.
#8 - February 23, 2020, 04:46:06 AM

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Is this online point still valid? Today I tried to be online more than 5 hours, but my point did not increase.
#9 - February 23, 2020, 01:04:08 PM

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Is this online point still valid? Today I tried to be online more than 5 hours, but my point did not increase.
It is updated once per day as stated in the terms. It does not update in real-time.
#10 - February 23, 2020, 01:09:32 PM

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It is updated once per day as stated in the terms. It does not update in real-time.
Okay Thank for the info
#11 - February 23, 2020, 01:10:52 PM

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Can I withdraw prizes below the redeem rate sir? 
for example 5000 points = $ 5 in a burst coins
#12 - February 25, 2020, 01:07:29 PM

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Can I withdraw prizes below the redeem rate sir?
for example 5000 points = $ 5 in a burst coins
No. Only what is stated in the terms.
#13 - February 25, 2020, 05:33:53 PM

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congratulations for forex.zone which has made a new breakthrough for the development of the Forum, sorry for a long time I was inactive because I was busy, hopefully I can get back to my beloved forum.
#14 - February 26, 2020, 10:36:29 PM

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No. Only what is stated in the terms.
Ok sir. 
This system is very good, so it's fair for each member to get a prize, all divided equally, as long as they are very active they will get a big prize.
#15 - February 27, 2020, 01:56:41 PM

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