Common use of Deposit Bonus Clause in Contracts

Deposit Bonus. (Pending Bonus) (a) Subject to the deposit method, bonuses receive instant or managers’ approval. Bonuses subject to managers’ approval will only be visible in your bonus wallet once approved. (b) Some bonus promotions might include a time window for which new deposits are eligible to receive a bonus and shall accordingly be announced in the terms of the respective promotion. In case no specific time window is stipulated, all deposit requests have to be received within the first 24 hours the first deposit was approved under the respective bonus promotion to be eligible for a bonus. (c) The respective bonus promotion shall indicate the bonus to be granted with each approved deposit. In case no specific terms are issued, the bonus shall be 30%. (d) The required trading volume is based on the cumulative bonus amount and updated each time a bonus is issued. (e) Your bonus will be automatically released to your account balance when your leveraged trading volume reaches a specified multiplier on the granted bonus within a period of 60 days. In case the respective bonus promotion does not stipulate different terms, this multiplier shall be USD 10,000. For example, if you have a bonus of USD 300, you need to trade a total volume of USD 3,000,000 for it to be released. If you are subsequently granted another bonus of USD 200, your required trading volume will be USD 5,000,000 to release all bonus funds. (f) When the bonus is released, it will be automatically credited to your account balance and can be withdrawn immediately. (g) Bonus funds cannot be used for trading until they are added to your account balance. (h) The bonus wallet cannot exceed USD 10,000 unless otherwise stipulated in the respective bonus promotion. (i) Deposited funds (excluding the bonus) can be withdrawn at any time. (j) The Company reserves its right to amend and/or cancel the conditions of its bonus promotions at any time and it shall be the responsibility of the Client to update himself accordingly. By continuing to participate in the bonus promotions you agree to their terms and conditions.

Appears in 2 contracts

Sources: Client Agreement, Client Agreement