[FXTRADING.com]Frequent Trading Bonus
INTRODUCTION
1. Gleneagle Securities Pty Ltd trading as FXTRADING.com is a registered Vanuatu company with Company Number 40256 (hereinafter the “Company” or “FXTRADING.com”) and is regulated by the Vanuatu Financial Services Commission (VFSC).
2. The Terms and Conditions of the “Frequent Trading Bonus Promotion” are an integral part of “FXTRADING.com Business Terms and Policies” and provisions set herein are considered as an annex of all “FXTRADING.com Business Terms and Policies”.
3. Taking part in the “Frequent Trading Bonus Promotion” constitutes acceptance of these Terms and Conditions and of the “FXTRADING.com Business Terms and Policies” set forth on FXTRADING.com Website.
4. FXTRADING.com reserves the right to alter, amend or terminate the “Frequent Trading Bonus Promotion”, or any aspect of it, at any time and without prior notice. Prior notice of such changes will be given to clients and FXTRADING.com will post any such changes on its website. It is recommended that participants in the “Frequent Trading Bonus Promotion” consult these Terms and Conditions on the FXTRADING.com website regularly.Please note that taking part in the “Frequent Trading Bonus Promotion” constitutes acceptance and agreement to abide by any such alterations,amendments and/or changes.
5. The “Frequent Trading Bonus Promotion” Terms shall be governed by and construed in accordance with the Laws of Vanuatu. Any dispute or situation not covered by these Offer Terms will be resolved by FXTRADING.com in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into.
6. FXTRADING.com reserves the right, at its reasonable discretion, to discontinue the offering of this “Frequent Trading Bonus Promotion” to any of its clients, without having to explainthe reasons. Such clients will be informed via email.
7. If any of “Frequent Trading Bonus Promotion” Terms were to be translated into a language other than English, then the English version of the Terms shall prevail where there is an inconsistency.CONDITIONS OF ELIGIBILITY Subject to, and without prejudice to, all other “FXTRADING.com Business Terms and Policies”, the offer is only available to FXTRADING.com new register direct clients who have satisfied the eligibility criteria for the offer (“Eligible Clients”) as set out in the sections following hereinafter.
9. The “Frequent Trading Bonus Promotion” may be offered by FXTRADING.com from time to time to clients who open a Standard live account with FXTRADING.com (Pro trading accounts are not eligible to participate in the “Promotion”) in cases where such clients are referred to FXTRADING.com via specific websites and/or social network sites in the context of certain specific promotions, and/or surveys that FXTRADING.com may be running from time to time on such specific websites and/or social network sites.
10. FXTRADING.com, at its reasonable discretion, offers the “Frequent Trading Bonus Promotion” to any Eligible Client(s) and/or any countries/regions as it deems appropriate and for as long as FXTRADING.com deems to provide it.
11. Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the “Frequent Trading Bonus Promotion”. Without limiting the foregoing, participation in the “Frequent Trading Bonus Promotion” is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence (“Minors”). If you are a minor, you may not participate in the “Frequent Trading Bonus Promotion”.
12. Participation of intermediaries or related parties in the “Frequent Trading Bonus Promotion” is prohibited. If the registration and/or trading data of a participant in the “Frequent Trading Bonus Promotion” corresponds with the registration and/or trading information, including but not limited to IP address, of another participant in the “Frequent Trading Bonus Promotion”, FXTRADING.com reserves the right to regard this matching as a reason for immediate disqualification. For the purposes hereof, the term intermediaries or related parties, when used in these Terms and Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any participant in the “Frequent Trading Bonus Promotion”, including, without limitation:
a) Family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral descendants.
b) Any person or entity, whom any participant in the “Frequent Trading Bonus Promotion”, directly or indirectly through one or more intermediaries, controls, or whom,directly or indirectly, through one or more intermediaries, is controlled by, or is under common control with any participant in the “Frequent Trading Bonus Promotion”; for purposes of this definition, the term “Control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as used with respect to any participant in the “Frequent Trading Bonus Promotion”, shall mean the possession,directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.
c) Similarly, persons associated in any manner whatsoever with FXTRADING.com and/or with the specific websites and/or social network sites on which FXTRADING.com may be running specific promotions from time to time, contests and/or surveys, in the context of which access to the “Frequent Trading Bonus Promotion” is offered, are not allowed to participate in the offer.
13. Please note that it may take up to 24 working hours before any Convertible Deposit Bonus is added to the account of an Eligible Client who meets all of the criteria set forth herein.
14. The “Frequent Trading Bonus Promotion” is only available for Standard trading account(s). The “Frequent Trading Bonus Promotion” is not applicable for holders of Pro trading account(s).
15. 1. Eligible Clients can apply for the promotion by sending an email to promotion@fxtrading.com from their registered email address and including their trading account number and date of the new deposit. Eligible Clients also need to submit the opt-in form prior to trading.
16. According to the client’s ID number, each client shall only be eligible to enter the promotion once. No trading account of a client will be credited with the offer if that client applies for the promotion for more than one trading account.
17. No trading account of a client will be credited with the offer if that client is already subject to another promotion.
18. The offer will be credited to the Eligible Client’s trading account, as a notional sum, after all the requirements set out in the Terms and Conditions have been met.
19. Any profits generated can be withdrawn at any time, however, fund withdraws will trigger a proportional removal of your Frequent Trading Bonus.
THE OFFER
20. Eligible Clients, who meet the criteria set forth herein can receive Frequent Trading Bonus equal to:
a) 10% of their new deposit amount during the promotional period (and subsequent deposit, if any) that is made in their live account, provided that the maximum amount of any such Frequent Trading Bonus awarded to any eligible client will be limited to a maximum amount of USD $50,000 (or currency equivalent), per Eligible Client.
b) The minimum amount of the new deposit should be USD $1,000 (or currency equivalent) per deposit.
c) Total amount of Frequent Trading Bonus accumulated due to participation in this “Frequent Trading Bonus Promotion” is set to USD $50,000 (or currency equivalent),per Eligible Client.
Example of the “Frequent Trading Bonus Promotion”:
FURTHER CONDITIONS
21. The value of the Frequent Trading Bonus depends on the value of the new deposits made during the promotional period.
22. Internal funds transferred from, to or between an Eligible Client’s live account(s) with FXTRADING.com will not count as a new deposit.
23. Fraudulent or incorrectly completed applications will not be accepted.
24. The offer under this promotion is neither transferable nor exchangeable.
25. FXTRADING.com will not be responsible for any lost, late, incomplete, illegible, or misdirected entries.
26. Frequent Trading Bonus cannot be separately transferred between, to or from Eligible Clients live trading accounts with FXTRADING.com.
27. “1 standard lot” means a round-turn trade of 1 standard lot on Forex products and bullion provided by FXTRADING.com. One foreign exchange standard lot is $100,000 of base currency. 10 round-turn lots traded on WTI and Brent CFDs are equivalent to 1 standard lot.Please see the table below which shows how many contracts of a relevant market must be traded to be count as 1 standard lot throughout the promotional period.
28. Hedge trades on the same currency pair within five (5) minutes will not be counted towards trading volume for the promotion.
29. Trades held for less than five (5) minutes will not count towards trading volume for the promotion.
30. FXTRADING.com reserves the right, at its reasonable discretion:
a) to decline registration of any participant in the “Frequent Trading Bonus Promotion”;and
b) disqualify any participant in the “Frequent Trading Bonus Promotion” who tampers or attempts to tamper with the operation of the “Frequent Trading Bonus Promotion” or breaches these Terms and/or any of the “FXTRADING.com Business Terms and Policies” set forth on FXTRADING.com website.
31. Under no circumstances shall FXTRADING.com be liable for any financial losses or consequences incurred due to the removal or cancellation of any Frequent Trading Bonus,including, but not limited to, order(s) closed by stop out or margin calls.
32. In the event a trading account becomes dormant all previously awarded Frequent Trading Bonus(es) will be immediately withdrawn from the respective Eligible Clients real account with FXTRADING.com. An account is deemed dormant if there has been no trading activity for over six (6) months.
33. Any indication or suspicion, in the company’s sole discretion, of any form of arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially from the Frequent Trading Bonus without being genuinely interested in trading in the markets and/or taking market risk), fraud, manipulation, cash-back arbitrage connected to a Frequent Trading Bonus or any other forms of deceitful or fraudulent activity, will nullify all previously credited Frequent Trading Bonus of the Eligible Client’s live trading accounts with FXTRADING.com and/ or any and all transactions carried and/or profits or losses garnered therein. In these circumstances, FXTRADING.com reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Eligible Client’s real trading account(s) with FXTRADING.com, cancel all orders and annul all profits of such participants. In these circumstances, FXTRADING.com shall not be liable for any consequences of the Frequent Trading Bonus cancellation, including, but not limited to, order(s) closure by stop out.
34. Clients may opt-out from the “Frequent Trading Bonus Promotion” whenever they wish by emailing promotion@fxtrading.com, and the relevant department will process their request and inform them accordingly.
REDEMPTION
35. During the promotional period, the trading volume requirement for Frequent Trading Bonus redemption will be based on 10% of the new deposit. The conversion equation is: “Standard Traded Lots” x $2 = Converted Real Equity (maximum converted amount is up to 10% of your new deposit). The value of redemption cannot exceed the awarded Frequent Trading Bonus amount (please see below the promotional period and calculation of Frequent Trading Bonus details).
For Example:
• A client has funded their Standard Account with $10,000 and also received 10% of their Frequent Trading Bonus of $1,000.
• The client has traded 50 lots on their account after one week with their initial $1,000 Frequent Trading Bonus, 10% of which (50 lots × $2 = $100) will be converted into real equity which the client can withdraw from their account if they choose to.
• As the client continues to trade, the rest of their Frequent Trading Bonus (90% of $1,000) will be continuously converted into real equity until 500 lots have been traded.
36. Once trading volumes have been met, the Frequent Trading Bonus will be automatically converted from credit to real equity in the Eligible Client’s trading account.
RISK WARNING
37. Margin FX and CFD trading involve a significant risk to your invested capital. It is important that Eligible Clients are aware that their risks are not limited to the deposit and that by making a qualifying trade it is possible to lose more than the deposit. In some circumstances, losses may be considerably more than any initial or minimum deposit. FXTRADING.com retains the right to claim back any negative equity that the client incurs. Please read and ensure you fully understand our “Product Disclosure Statement”, available at FXTRADING.com website.
Definition of “Period”
38. The Promotional Period consists of the following:
a) The “Promotional application period” runs from 0:00 on 2023 September 1 to 24:00 on 2024 August 31.
b) The “promotion due date” is the last day to send the application on 24:00 2024 August 31.
DATE
39. These Terms and Conditions are current as of dated 1 st September 2023.
a) If an event under the agreement must occur on a stipulated day does not land a business day then the stipulated day will be taken to be the next business day.
b) Headings (including those in brackets at the beginning of paragraphs) are for convenience only and do not affect the interpretation of the agreement.