3.1 Bonus terms and conditions are set out separately for each Promotion and published on the Company’s website.
3.1.1 The Bonus is granted no later than 7 (seven) days after the Client funds his trading account.
3.1.2 The Bonus is calculated and accrued based on the actual balance in the trading account and cannot be more than the deposit amount in percentage terms.
3.1.3 The Bonus is deposited to the trading account participating in the Promotion and cannot be transferred or used in another account.
3.2. Required number of lots to withdraw the bonus = Bonus amount / $3. Only closed trades on currency pairs are taken into account in the turnover calculations. The transaction must have at least a 3 pips difference between the open and close price to meet the volume requirement.
3.2.1. For example, a Client deposited $100 and received a $100 bonus. To withdraw the credit bonus, the Client must generate a trading turnover of 100 / 3 = 33.3 lots in currency pairs.
3.3. In case of a trade-out of a client account, Remaining bonus amount will be either partially/fully used to recover the account from any negative balance in the trading account. Bonuses are an additional benefit provided to the client as a goodwill gesture by the Company and they do not provide special protection against losses. It is strongly advised that the client manages trading risk according to the funds available in the trading account.
3.4. The Bonus will be canceled in the event of inactivity in the Client’s trading account within 30 (thirty) calendar days.
3.5. If the Company suspects or has reasonable grounds to suspect that the Client is performing fraudulent operations, violating or taking unfair advantage of the Promotion terms and conditions or is acting in bad faith, the Company reserves the right, at its sole discretion, to decline, retain or write off the Bonus from the Client’s account (s) and refuse service to the Client and/or terminate the Customer Agreement between the Company and the Client for the provision of services if required.
3.6. During the validity period of the bonus, the client is able to withdraw any profits up to the amount equal to the given bonus, without affecting the bonus. In case where the client wants to withdraw the initial deposit partially or fully, Bonus will be removed from the account upon the withdrawal confirmation.
3.7. In cases where a client wants to withdraw profits exceeding the amount of bonus given, bonus and profits accumulated will be canceled and removed from the account.