and conditions and client contracts
What is Bonus Money?
Bonus Money is money that is given to a trader as a promotion to their account’s equity. With the bonus, traders will be able to open trades with higher amounts than what they have deposited themselves, hence they can earn more money. Please note that in case that a position goes against you, you can also lose money faster. Every bonus amount comes with a “target”. When a trader reaches the target, the bonus goes to the account balance and becomes cash liquid. Before reaching the mentioned target – the profits and the bonus itself are not cash liquid. However, the trader’s deposits are always cash liquid.
What is the target?
The target is one trader point for every $10 bonus. For example, for $1,000 the target will be 100 trader points. Once the trader reaches that target – the $1,000 will be automatically transferred to the account balance and will become cash liquid.
What are trader points?
Traders points are trading volume indicators. They are calculated per traded position amount and are accumulated each time you close CFD positions. CFDs calculation method: For example, you bought 100,000 EURUSD, the value of the position is converted to your account nominated currency. Therefore, if your account currency is USD, the value of the position will be converted to USD using the real-time EURUSD conversion rate. Let’s assume the EURUSD conversion rate is 1.07 therefore 100,000 EUR * 1.0700 = 107,000 USD. The USD ($) value of the position is now multiplied by 0.001%, which eventually entitles you with 1.07 trader points (107,000 USD * 0.001% = 1.07 trader points). Please note, the example above describes a case where your account currency is USD.
Traders must sign the bonus agreement before they receive it. Please ask your account manager or [email protected]