[FXTRADING.com]NEW TRADER PROGRAMME
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 “New Trader Programme” 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 “New Trader Programme” 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 “New Trader Programme”, 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 “New Trader Programme” consult these Terms and Conditions on the FXTRADING.com website regularly. Please note that taking part in the “New Trader Programme” constitutes acceptance and agreement to abide by any such alterations, amendments and/or changes.
5. The “New Trader Programme” 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 “New Trader Programme” to any of its clients, without having to explain the reasons.Such clients will be informed via email.
7. If any of “New Trader Programme” 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
8. 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 and IB clients with no markup who have satisfied the eligibility criteria for the offer (“Eligible
Clients”) as set out in the sections following hereinafter.
9. The “New Trader Programme” may be offered by FXTRADING.com from time to time to clients who open a Standard account with FXTRADING.com (Pro trading account is 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 “New Trader Programme” 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 “New Trader Programme”. Without limiting the foregoing, participation in the “New Trader Programme” 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 “New Trader Programme”.
12. Please note that it may take up to 24 working hours to receive the opt-in confirmation letter to the email of an Eligible Client who meets all of the criteria set forth herein.
13. The “New Trader Programme” is only available for Standard accounts. The “New Trader Programme” is not applicable for holders of Pro trading account(s).
14. Eligible Clients can apply for the promotion by completing the online application form on FXTRADING.com official website or client portal, or by sending an email to promotion@fxtrading.com from their registered email address which includes their trading account number and date of new deposit. Eligible Clients also need to submit the opt-in form prior to trading.
15. 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.
16. No trading account of a client will be credited with the offer if that client is already subject to another promotion.
THE OFFER
17. Eligible Clients, who meet the criteria set forth herein are able to receive an initial loss cover amount based on following basis:
a) The amount of their new deposit (per deposit) that is made between USD $200 and USD $5,000 (or currency equivalent) in their live account, provided that the maximum amount of any such loss cover amount to any particular Eligible Client will be limited to a maximumamount of USD $50 (or currency equivalent) per Eligible Client.
b) The amount of their new deposit (per deposit) that is made between USD $5,001 and USD $10,000 (or currency equivalent) in their live account, provided that the maximum amount of any such loss cover amount to any particular Eligible Client will be limited to a maximum
amount of USD $100 (or currency equivalent) per Eligible Client.
c) The amount of their new deposit (per deposit) that is made above USD $10,001 (or currency equivalent) in their live account, provided that the maximum amount of any such loss cover amount to any particular Eligible Client will be limited to a maximum amount of USD $200 (or currency equivalent) per Eligible Client.
Please see the table below to calculate loss cover amount for the “New Trader Programme”:
FURTHER CONDITIONS
18. The value of the loss cover amount depends on the value of the new deposit made during the promotional period.
19. Internal funds transferred from, to or between an Eligible Client’s live account(s) with FXTRADING.com will not count as a new deposit.
20. Fraudulent or incorrectly completed applications will not be accepted.
21. The offer under this promotion is neither transferable nor exchangeable.
22. Upon any fund withdrawal request from an Eligible Client, or transfer of funds between an Eligible Client’s live trading account(s) with FXTRADING.com will result in the opt-out of the “New Trader Programme” automatically.
23. FXTRADING.com will not be responsible for any lost, late, incomplete, illegible, or misdirected entries.
24. Trades with hedging strategies will be considered as invalid trades.
25. Trades with less than five (5) minutes holding period will not be counted for loss cover amount.
26. FXTRADING.com reserves the right, at its reasonable discretion:
a) to decline registration of any participant in the “New Trader Programme”; and
b) disqualify any participant in the “New Trader Programme” who tampers or attempts to tamper with the operation of the “New Trader Programme” or breaches these terms and/ or any of the “FXTRADING.com Business Terms and Policies” set forth on FXTRADING.com website.
27. In the event a trading account becomes dormant, the respective Eligible Client’s real account with FXTRADING.com will opt-out from the “New Trader Programme” automatically. An account is deemed dormant if there has been no trading activity for over six (6) months.
28. Clients may opt-out from the “New Trader Programme” whenever they wish by emailing promotion@fxtrading.com, and the relevant department will process their request and inform them accordingly.
REDEMPTION
30. 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”
31. 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
32. These Terms and Conditions are current as of dated 1st 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.