How to Earn ANA Miles with Point Earning Websites (PEWs) - 1 (FX Accounts)
In the previous post, I introduced to you some of the best Point Earning Websites (PEWs) that you can use to earn lots of ANA miles. In this article, I will write about one of the ways to earn points in PEWs.
- Ads for FX (Foreign Currency Exchage) Accounts
- Conditions
- Risks
- Summary
1. Ads for FX (Foreign Currency Exchage) Accounts
You will find lots of ads for FX (Foreign Currency Exchage) accounts on PEWs, including SBI FX, DMM.com FX, and so on. These ads usually offer around 10,000 ~ 15,000 points (= 15,000 Yen).
2. Conditions
In order to get these points, you need to take some actions. The conditions depend on each ad. For instance, the ad for SBI FX will give you 15,000 Moppy Points if you create the account and trade 1 unit of currency or more within 90 days after the registration of your account. This ad is the easiest among many FX ads. Most other ads require you to trade 10,000 units of currency, or still others require 500,000 units of currency trade.
3. Risks
Although ads for FX accounts sound exciting, there are many risks associated with trading FX (foreign currency exchange).
First, there's no gurantee that your deposit will increase as a result of trading. The currency rates are always flactuating, so there's a possibility that you'll earn lots of money and lost lots of money in a very short amount of time. If you want to minimize your loss, selling / purchasing a foreign currency immediately after purchasing / selling your position might be a good idea.
Second, FX companies make money from "split" (= transaction fees). Split refers to the difference in the amount at which you can buy / sell currency. The amount of split depend on each FX company. The smaller the split is, the lower the transaction fee is and the more money you can earn.
4. Summary
In this post, I introduced one of the most high-paying ads on PEWs, FX accounts. When you decide to trade, be mindful about the risks indicated above. I hope you'll earn lots of money and/or points through FX! Thank you for reading! See you next time!
