1. General Terms
1.1. The “Special” campaign (“Campaign”) is valid from 01.08 2014 till 01.10.2014.
1.2. The Campaign is held by MTrading (“MTrading”) for new clients. Each participant of the Campaign (“Participant”) will be entitled to a bonus amount (“Bonus”), under the following conditions:
Minimum Deposit – from 2,000 USD
|2,000 USD to 4,999 USD||25% Bonus|
|5,000 USD to 9,999 USD||30% Bonus|
|10,000 USD to19, 999 USD||40% Bonus|
|+ 20,000 USD||50% Bonus|
1.3. Bonus is a part of the balance of the Participant’s trading account and as such it can be used to cover trading loses.
1.4. Trading Volume Requirement is calculated in lots, where 1 lot is equal to 100,000 of currency units traded 'round-turn', i.e. opening of 100,000 currency unit position and close of this same position will count as 1 lot of Trading Volume Requirement if complies to terms set forth in paragraph 1.6.
1.5. Due to the significant difference in margin requirements and in default contract size for non-currency instruments, the calculation of Trading Volume Requirement for such instruments is carried out with the following dividers:
GOLD – 1, SILVER – 10.
Commodities futures CFDs:
GAS – 5, OIL – 5.
WIG40 – 200;
SP500 – 100;
NQ100, CAC40, STOXX50 – 50;
FTSE100, DAX30, JP225, ASX200, IBEX35 – 20;
DJI30, MIB40 – 10.
All stocks CFDs – 1000.
When a Participant opens a position for 100 contracts of FTSE index, the amount of the deal has to be converted to the trading volume that will count towards the Trading Volume Requirement of the Campaign. This is done by dividing the amount of the deal (100 contracts) by the divider of the instrument (20), so the deal size that will be counted toward the Trading Volume Requirement will be 100 / 20 = 5 lots.
1.6. A valid trade for Trading Volume Requirement calculation is a full round turn, closed trade that complies with all three of the following criteria:
1) the trade remained open for over the agreed period of time;
2) the profit or loss in this trade is more than the agreed minimum;
3) the trade was not hedged. A hedged trade means opening a reversed position and therefore offsetting trade on the same instrument in equal or similar (±30%) size within 15 minutes of opening the initial position.
1.7. Bonus can be released to the Participant’s ownership only in full remaining amount and only after the whole Trading Volume Requirement has been met.
1.8. Time for completing the Trading Volume Requirement is limited. Participants have a fixed amount of 90 days (“Expiration Period”) from the day of receiving the Bonus to complete the Trading Volume Requirement. If the Trading Volume Requirement has not been completed and the Bonus period has expired, MTrading has a right to remove the Bonus amount from the Participant’s trading account.
1.9. Participants are not limited in making additional deposits to their trading accounts to sustain bigger or sufficient margin for their trading goals, however the Bonus will be given only once per trading account to each Participant during the whole period of the Campaign.
1.10. Under no circumstances should a Participant’s trading strategy take into account the terms and conditions of this Campaign. All trading decisions should be made based upon the Participant’s understanding of the markets and involved risks and the Participant’s specific trading strategies.
2. Receiving Bonus
2.1. A Bonus can only be provided to the Participants that have received the general terms via email from MTrading representatives. Participants who want to take part of this bonus shall inform their MTrading representatives which will send a personalized Bonus terms. Participants will need to send them back to email@example.com with a letter that accepts the personalized terms and conditions of the Campaign.
2.2. After the Participant’s trading account has been funded, the Participant has to notify MTrading’ manager in order to arrange a Bonus assignation to the Participant’s trading account via e-mail unless the Bonus was provided automatically within 48 hours after depositing.
2.3. Bonuses will only be credited to the exact same real trading account that was funded by the Participant.
3. Withdrawals from trading accounts during the Campaign
3.1. Once credited to a client’s trading account, the Bonus remains linked to this same account and cannot be withdrawn either partially or in full unless the minimum Trading Volume Requirement is met in its entirety.
3.2. Internal transfers of the Bonus to other trading accounts are not allowed unless the Trading Volume Requirement has been met in its entirety.
3.3. Participant can withdraw accrued profits from trading account only after the Trading Volume Requirement has been met.
3.4. Participant can withdraw deposited amount at any time, acknowledging that if that were the case the Bonus will be removed automatically with immediate effect from Participants account.
3.5. If any of the Participants fail to meet the Trading Volume Requirement within Expiration Period from receiving the Bonus – the Bonus can be removed from Participant’s account without any prior notice from MTrading. It is Participants’ sole responsibility prior to the Campaign ending date to arrange sufficient margin level on their accounts so that after removal of the Bonus margin level will still remain sufficient to avoid Stop Out and liquidation of all open positions.
3.6. If any of the Participants will meet Trading Volume Requirement within Expiration Period from receiving the Bonus – the Bonus will be automatically transferred within 48 hours to the client’s ownership.
3.7. After the Bonus has been removed from the Participant’s trading account or if the Bonus was transferred to account’s balance as a result of fulfilling the Trading Volume Requirement, the possibility to withdraw relevant Bonus funds from trading account will be unlocked.
3.8. In case a Participant has incurred losses in trading, his/hers deposited funds are to be used first in covering the loss.
3.9. Participant can withdraw deposited funds unless these funds were used to cover trading losses and are not currently used as a margin.
4. Final Provisions
4.1. At all times, MTrading reserves the right to amend, change or cancel this Campaign with a prior notice to the current Participants via email.
4.2. If MTrading suspects that a Campaign Participant has abused or attempted to abuse the Campaign or otherwise acted with a lack of good faith towards MTrading, MTrading reserves the right to deny, withhold, cancel or withdraw from that Participant any Bonus amounts, and, if necessary, to cancel any terms and conditions of this campaign and client agreement with respect to that Campaign Participant, either temporarily or permanently, or to terminate that Participant's access to the services and/or block that Participant's account(s).
4.3. The Bonus funds are considered to be property of MTrading until the Participant reaches the minimum Trading Volume Requirement.
4.4. Trading in the Forex and CFD markets entails significant risk. Participation in the Forex and CFD markets should not be undertaken unless the Participant is fully aware of and understands the risks involved in trading. Participation in this Campaign should not be a motivating factor when considering participation in the Forex and CFD markets.
4.5. It is the sole responsibility of the Participant to ensure that all applicable taxes and fees on Bonuses in their country are paid.
4.6. All disputes or situations not covered by these terms and conditions will be resolved according to MTrading’s Procedure for Resolution of Client Complaints.