[HYCM]Welcome Bonus
What is the Welcome Bonus?
HYCM offers a Welcome Bonus that is available to all new clients! The Welcome Bonus is a 2-tier bonus offering a 100% Bonus up to $100, and a 20% Bonus up to a maximum combined Bonus of $4900. The bonus is instantly credited to the client's account and applies to deposits as low as $20. Welcome Bonus applies only on first deposit, Deposit Bonus applies to future deposits.
The Welcome Bonus is not withdrawable, but all the profits generated can be withdrawn when requirements are fulfilled. Any withdrawal before the requirements are fulfilled will result in the proportional removal of the Welcome Bonus.
Who can claim the Welcome Bonus, and what are the requirements?
The Welcome Bonus is available automatically to all new clients who deposit funds into their trading account until the maximum Bonus amount of $5000 is received. In order to become eligible for the Welcome Bonus you have to verify your profile.
To withdraw any profit and keep the Welcome Bonus, a client has to trade 30 lots per $1000 Bonus in 60 days from the day the client received the Bonus. If the client fails to do so, then the Bonus will be automatically removed.
The examples in the below table illustrate how the Welcome Bonus works.
A - In this case, a client deposits $100 and receives 100% Bonus on $100. Customer fulfils the 15 lots in 60 days and makes $80 profit. The client withdraws $180 (Deposit + profit) and also keeps the Welcome Bonus because requirements are fulfilled.
B - In this case, a client deposits $10000 and receives 100% Bonus on $100 and 20% on $9900, total $2080 Bonus. Client fulfils the 75 lots in 31 days and makes $4000 profit. Client withdraws $2000 before the 60 days requirement which results in proportional Bonus removal. Client can keep trading or withdraw the remaining capital they deposited and remaining profits.
C - In this case, a client deposits $2000 and receives 100% Bonus on $100 and 20% on $1900, total $480 Bonus. Client does 11 lots in 60 days and makes $450 profit. This results in Bonus removal because client did not meet the requirements of the 14 lots needed (30 lots per $1000 bonus). Client can keep trading or withdraw the capital they deposited and profits.
The examples in the below table illustrate how the Welcome Bonus is proportionally removed from client trading account when client makes a withdrawal before requirements are fulfilled.
