1.1 ForexMart (hereinafter referred to as 'ForexMart' or the 'Company' or 'Us/We') is an investment firm that operates worldwide.
1.2 This 20% Bonus Agreement is binding between the Client and the Company.
1.3 The 20% Bonus Agreement governs the relationship between the Client and the Company with regards to this particular promotion. It supplies all the necessary information to the Client prior to any action done within the effectiveness of the promotion.
1.4 The Client (hereinafter referred to as 'You' or 'Client') hereby acknowledges that he/she read, understood, and accepts this 20% Bonus Agreement as amended from time to time at the sole discretion of the Company.
2. Interpretation of Terms
2.1 Unless otherwise explicitly indicated, the following terms in this '20% Bonus Agreement' shall be defined as follows.
'Bonus' shall mean the Company’s fund that is credited to the Client’s account as stipulated in this Agreement
'Client' shall mean any individual that has opened an account(s) with the Company subject to the Customer Agreement
'Customer Agreement' shall mean the Company’s official documentation indicating the terms, conditions, and agreement between the Client and the Company that is accepted upon opening an account with us.
'Promotion' shall mean the 20% Bonus Program
3. General Provision
3.1 The Client reserves the right to receive a bonus offered by the Company in the amount calculated as 20% every deposit to his or her account. The 20% bonus will be credited one week after each deposit is made.
3.2 The Promotion is only available to new accounts opened within the Promotion's effectiveness period. The number of accounts that a Client can open with this Promotion is unlimited.
3.3 The Client reserves the right to receive the 20% Bonus every time he or she replenishes his or her account. The amount of accumulated bonus can be calculated as the difference between deposits and withdrawals.
3.4 20% Bonus is available for account type Classic and Cent with floating spread.
4. Commencement and Effectiveness
4.1 The Promotion commenced on October 1, 2015, and has since been in effect.
4.2 The Company reserves the right to end the Promotion at any given time without prior notice to the Client.
5. Promotion Conditions.
5.1 The Bonus is only credited for the actual funds that are present in the account at the moment of Bonus application.
5.2 The Promotion is not applicable to accounts that already have another bonus offer.
5.3 Within this Promotion the Company reserves the right to request additional identification documents from the Client.
5.4 The Client is given the maximum leverage for this Promotion.
5.5 The Client is given the stop out level of 10% for this Promotion.
Terms of Withdrawal
6.1 The funds resulting from the Promotion can only be withdrawn once all transactions (buying and selling trades) are completed. The total volume must be equal to X*0.2 market lots, where X is the total volume of received bonuses (including canceled or partly lost bonuses). Accounts opened in other currencies will have the following formula:
- X*0.2*1.1 (lots) for EUR accounts
- X*0.2*1.5 (lots) for GBP accounts
- X*0.2/100 (lots) for RUB accounts.
6.2 The Bonus can only be withdrawn in full. Partial withdrawal is prohibited.
6.3 The Bonus can only be withdrawn through a request to the Company. The email address where all request for withdrawals is to be sent to bonuses@forexmart.com
6.4 The Client must ensure that the Bonus is fully available in his or her trading account at the moment of request.
6.5 The Client agrees that if the order has not been closed by the stop-out level exceptionally due to the availability of bonus funds on the account, that provided the necessary margin for maintaining the position, the Company in some cases, can equate all or part of the funds to the bonus.
6.6 The profits made using the Bonus can be withdrawn without restrictions provided that all conditions in this 20% Bonus Agreement are satisfied.
7. Cancellations and Corrections
7.1 The Company reserve the right to cancel the 20% Bonus and correct profits without prior notice. The Company, therefore, discourages the use of bonus funds in the calculation of profits in the Client’s trading strategies.
7.2 The Company shall not be held liable for any consequence resulting from the cancellation of the 20% Bonus, including Stop Out since the Bonus is wholly-owned by the Company.*
7.3 The Bonus can be reduced in the following situation.
7.3.1 In case the total value of the Bonus exceeds 2000 USD with more than 10% of the trades being made with less than the 0.01 market lot. The Bonus may be reduced to 1000 USD.
7.3.2 In case the total value of the Bonus exceeds 10,000 USD with more than 10% of the trades being made with less than the 0.01 market lot. The Bonus may be reduced to 3000 USD.
7.4 The Client acknowledges the right of the Company to cancel the 20% Bonus and correct the profit made using the Bonus in case a violation of this 20% Bonus Agreement is found or abuse of the Promotion is detected.
7.5 The Client acknowledges the risks involved in this Promotion.
7.6 The Client acknowledges that withdrawals that cause the total bonus funds (the difference between bonus received and bonus canceled) to exceed 20% of the current free margin on the account may result in the cancellation of the Bonus exceeding the minimum withdrawal amount. To prevent such cancellations, refrain from withdrawing until the account has enough funds.
7.7 Company reserves the rights to share the profit proportionally to the bonus sum and/or request Client to fulfill withdrawal requirements to withdraw the proportional part of profit calculated by formula X*0.5 lots, where X is the amount of profit in base account currency.
7.8 The Client agrees that if the order has not been closed by the stop-out level exceptionally due to the availability of bonus funds on the account, that provided the necessary margin for maintaining the position, the Company in some cases, can equate all or part of the funds to the bonus.
Amendments
8.1 The Company reserves the right to amend or supplement this 20% Bonus Agreement at any time at its sole discretion.
*Probability of the erroneous cancellation of the bonus within the struggle against unscrupulous usage of the bonus surcharge system does not exceed 10%.
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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
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