HF Markets Ltd. 2 IN 1 RESCUE BONUS PROGRAM TERMS AND CONDITIONS

Transcription

1 HF Markets Ltd. 2 IN 1 RESCUE BONUS PROGRAM TERMS AND CONDITIONS November 2014

2 2 in 1 Rescue Bonus Program Terms and Conditions This 2 in 1 Rescue Bonus Program combines a 50% Rescue Bonus with Cash Rebates on the Client s trading activity. The 50% Rescue Bonus is intended to protect accounts from drawdown periods, can be lost with no limitations and can also be used as margin. 1. The 2 in 1 Rescue Bonus Program is available for a limited time only. 2. The 2 in 1 Rescue Bonus can be applied to FIX, Premium, Micro, Currenex and Islamic accounts only. 3. The maximum leverage available on accounts to which the 2 in 1 Rescue Bonus has been applied is 1: The 50% Rescue Bonus will be applied on the Client s initial minimum deposit of USD 500 and subsequent deposits of USD 500 or more into the live trading account to which the Program has been applied. 5. The 50% Rescue Bonus can be applied to internal transfers. 6. The maximum total Rescue Bonus that can be claimed is USD 1,500 per Client. 7. The 2 in 1 Rescue Bonus Program can only be applied to one account per Client. In the event that the maximum total Bonus has been claimed, received and lost/ removed, no other 2 in 1 Rescue Bonus Account may be opened. 8. The 2 in 1 Rescue Bonus Program is available to residents of Malaysia, China and Indonesia only. 2

3 9. The 50% Rescue Bonus can be used as stop loss as there is no limitation in using it for trading. 10. The 50% Rescue Bonus cannot be withdrawn under any circumstances. 11. If a Client makes any withdrawal whatsoever from their 2 in 1 Rescue Bonus Program Account, the Rescue Bonus will be removed in its entirety. If, at that point, the Client has only received a portion of the maximum bonus of USD 1,500, the Client may claim the remainder of the maximum bonus by making further deposits into the account to which the 2 in 1 Rescue Bonus Program has been applied (subject to the Terms & Conditions of the Program). For Example: A Client makes an initial deposit of USD 1000 and receives a Rescue Bonus of USD 500. The Client then makes a withdrawal of USD 100 from the account, which results in the automatic removal of the USD 500 Rescue Bonus (as per the Terms & Conditions). The maximum total Rescue Bonus that can be claimed by an individual Client is USD 1,500. This means that the Client is still entitled to claim a Rescue Bonus amount of USD 1,000 (USD 1,500 maximum total bonus - USD 500 bonus claimed = 1,000). 12. Rebates are based on volume traded and rebates earned are applied when a trade is closed. A trade must be closed for the rebate to be triggered. 3

4 13. The Rebate Value is calculated as the USD pip value of the corresponding product in volumes of 0.1 lots (10,000 units of the currency pair) per completed lot traded on Forex. 14. The rebate for Forex pairs is 0.1 pip per Standard Lot traded Round Turn. 15. For Gold and Silver trades the Cash Rebate Value is 1 USD per lot on Round Turn trades. 16. Positions open for less than one minute are not eligible to earn cash rebates; positions open for more than one minute, but less than two minutes qualify for 50% of the stated rebate amount; and, positions open for more than two minutes qualify for the full rebate amount. 17. Rebates are calculated on a weekly basis and will be paid into the trading account from which they were generated following market close on Friday and prior to market opening on Sunday. 18. The minimum rebate amount that can be credited to a Client's trading account is USD 5. If, when weekly rebates are calculated, the Client s Rebate Balance is below USD 5, payment will not take place until the cumulative unpaid Cash Rebate balance has reached or surpassed the amount of USD Rebates are generated in USD only. Should the base currency of the trading account differ, the appropriate conversion rate will apply. 20. Rebates can be used for trading purposes or can be withdrawn as cash by the Client. 4

5 21. Rebates paid cannot be used to claim any other Bonus offered by the Company. 22. The Company will not be held liable for any losses resulting from the removal of the 50% Rescue Bonus from the Client s account as a result of a withdrawal. 23. In the event of Bonus Removal, the Client will still be eligible to earn Rebates on the account to which the 2 in 1 Rescue Bonus has been applied. 24. If the Company suspects or has reason to believe that a Client has abused the Terms and Conditions of this 2 in 1 Rescue Bonus Program by hedging his positions internally (using other trading accounts held with Company) or externally (using other trading accounts held with other brokers), then the Company reserves the right, without the Client s consent, to withdraw the Rescue Bonus (and the Additional Bonus if applicable ) from the Client s trading account(s) or from his winning hedged accounts with immediate effect. 25. If the Company suspects or has reason to believe that a Client has more than one account under this Bonus Program, then the Company reserves the right, without the Client s consent to withdraw the 50% Rescue Bonus from the Client s trading account(s) with immediate effect. In the event that any stop losses are incurred as a result of such a removal the Company will not be held liable. 26. The Client acknowledges that Forex and CFDs are leveraged products which involve a high level of risk. When trading in such products, it is possible for Clients to lose all of their invested capital. These products may not be suitable for everyone and Clients should ensure that they understand the risks involved. Clients should seek independent advice if necessary. 5

6 27. The Company reserves the right to unilaterally modify, change or terminate this Bonus Program or any of the Terms and Conditions included herein, at any time, without the Client s consent. All Bonus and Incentive Schemes are at the Management s Discretion. 6