Can the BaseFEX confirm any of these type of questions? I guess that many will reject the offer of having 50 dollars when you need to sell your own identity.
That free $50 is not really free that you can withdraw immediately since im sure they have a rules in place for angel users to try their system and probably they have a target volume on your account before we can withdraw.
Next week i can confirm what is the rules for the free $50 once i receive mine
The 50$ is not a fund to withdraw indeed, but we don't have a target of trading volume.
This fund is more like something you can start trading with, an investment we made in you. If you lose it by trading badly or spending in commission fees, you just lose it, we won't ask you to pay it back; but if you earn some profit with it, you can definitely withdraw the profit part, but never the $50 part - we will need the investment to be back when you require a withdrawal.
You get a chance to start trading with 0 risks, but you still need to trade wisely to get profit.
So no, it is not charity; and yes, it is funding without any requirement (such as your privacy or deposit of assets) except your willingness to register and share experience.