Pivot Markets Deposit Bonus Program Terms and Conditions

Transcription

1 Pivot Markets Deposit Bonus Program Terms and Conditions 1. Pivot Markets Inc., Ajeltake Road, Majuro, 96960, Marshall Islands, Reg. no.: ( Pivot Markets ) as the company providing Investment Services to the Client in relation to Financial Instruments, issued these Pivot Markets Deposit Bonus Program Terms and Conditions ( DBP T&C ). Clearing and billing services are done by PM Universal Limited with registered address at Wenlock Road, London, England, N1 7GU. 2. Pivot Markets promotes a Deposit Bonus Program (the Program ) to its clients, subject to the terms and conditions contained in the present document. The trading bonus itself is designated as a trading advantage only and it is non-withdrawable (furthermore referred only as Bonus ). 3. By opening a trading real account and applying for this Program, the Client acknowledges that he has read and agreed to be bound by these DBP T&C and the Pivot Markets Terms and Conditions on provision of Investment Services in relation to Financial Instruments ( General T&C ) and accepted to apply for this Program. 4. This Program is available from 1 st April 2016 to 30 th June This Program is not available for Clients who opened their account through any other website than Japanese one. 5. In order to be eligible for this Program, the Client must satisfy each of the following requirements; 5.1 the Client must act in good faith in applying for this Program, 5.2 the Client must have authorized any application to Pivot Markets for this Program, 5.3 the Client must not be an employee or partner of Pivot Markets, 5.4 the Client must never have participated in Abusive Behaviour (as defined in paragraph 5) in relation to any other program or promotion offered by Pivot Markets and 5.5 the Client must not be associated with any person who has participated in Abusive Behaviour (as defined in paragraph 6) in relation to any other program or promotion offered by Pivot Markets. 6. This Program, and the retention of the Program by the client, is conditional on the Client complying with the Pivot Markets General T&C and on the Client meeting the following conditions at all times, including but not limited to: 6.1 the Client acts in a good faith in relation to this Program and 6.2 the Client does not participate in any abuse, improper conduct, or attempted abuse or improper conduct in relation to this Program or, in either case, any previous abuse or improper conduct in relation to a previous similar Program or Promotion by the Client (furthermore only as Abusive Behaviour ).

2 6.3 Including, but not limited to, Abusive Behaviour includes the following: giving instructions on behalf of a Client without due or proper authority, repeatedly failing to respond to an for a period of 15 days or more, the Client, by himself or acting with others (including an Introducing Broker), construct a trading position(s) which have the purpose or effect of extracting the credit provided, and/or the profits generated by the bonus, without exposure to economic risk, including without limitation loss of the bonus or the Client s capital (or the capital of others), the Client, by himself or acting with others, having an account(s) where the accumulated Deposit bonus or bonuses from other programs or promotions in the account is greater than the amount which could have been accumulated if the Client and such others had complied with the terms and conditions of this Program and such other programs or promotions based on the specific program(s) or promotion(s) in which the Client has participated or is participating and/or the Client hedging his position including, without limitation, by holding open position(s) on the opposite of a trade, including, by way of illustration only, through use of a single or correlated currencies, at given periods, internally (using other trading account held with Pivot Markets) or externally (using other trading account held with other brokers). 7. Subject to Pivot Markets General T&C and the DBP T&C (each Client other than a Client excluded in accordance with paragraph 5 or who does not satisfy the conditions in paragraph 6) (furthermore only as eligible client ) will be entitled to receive a Deposit Bonus with their initial deposit into eligible client s initial account up to a maximum of 2,500USD or 250,000 JPY depending on the account base currency per Client according to the following table. Any deposit into the Client s additional account and/ or other than the first deposit transaction will not be eligible for Deposit Bonus. 7.1 The eligible client shall receive a 100% deposit bonus upon initial deposit to their first account held with Pivot Markets in the amount from 200 USD to 500 USD or from 20,000 JPY to 50,000 JPY. Upon part of the initial deposit, that is any amount above 500 USD or 50,000 JPY, the eligible client shall receive a % deposit bonus or 30% deposit bonus if the initial deposit is made within 10 calendar days since their INITIAL account opening up to the maximum bonus amount, which shall apply on per- Client (rather than on peraccount) basis and shall in no way be affected by the number of accounts which a client holds with Pivot Markets. The Deposit Bonus cannot be cashed in and Clients will not be allowed to

3 withdraw the Deposit Bonus from their account(s). (Refer to paragraph 8 for details) The currency of the bonus and the deposit depend on account base currency. 7.2 Bonus calculation table Deposit Applied bonus Bonus amount Trading equity $ % for $ 200 $ 200 $ 400 $ % for $ 500 $ 500 $ 1,000 $ 1, % for $ *20% for $ 500 $ $ 100 = $ 600 $ 1,600 $ 5, % for $ *20% for $ 4,500 $ $ 900 = $ 1,400 $ 6,400 $ 10, % for $ *20% for $ 10,000 $ $ 2,000 = $ 2,500 $ 13,000 Deposit Applied bonus Bonus amount Trading equity Y 20, % for Y 20,000 Y 20,000 Y 40,000 Y 50, % for Y 50,000 Y 50,000 Y 100,000 Y 100, % for Y 50,000 + *20% for Y 50,000 Y 50,000 + Y 10,000 = Y 60,000 Y 160,000 Y 500, % for Y 50,000 + *20% for Y 45,0000 Y 50,000 + Y 90,000 = Y 140,000 Y 640,000 Y 1,050, % for Y 50,000 + *20% for Y 1,000,000 Y 50,000 + Y 200,000 = Y 250,000 Y 1,300,000 *30% bonus will be provided up to 2,000 USD or 200,000 JPY depending on the account base currency if the INITIAL deposit was made within 10 calendar days since their INITIAL account opening. 7.3 Crediting the Bonus into eligible clients trading account may take up to 24 hours (business day). 7.4 The Bonus shall be used solely for trading purposes and cannot be withdrawn. 8. Any withdrawal of funds including internal transfer from an eligible client s trading account with Pivot Markets will immediately nullify all previously provided Bonus(es). E.g. A client deposited 500 USD and received 500 USD bonus, then starts trading with equity of 1,000 USD. Case A) the client made a profit of 1,000 USD, now the account balance is 1,500 USD plus bonus 500 USD. His withdrawable amount is = 1,500USD (deposit + profit) Case B) the client made a loss of 300 USD, now the account balance is 200 USD plus bonus 500 USD. His withdrawable amount is: 200 USD (deposit - loss) Case C) the client made a loss of 700 USD, now the account balance is -200 USD plus bonus 500 USD. The withdrawal is unavailable and the loss shall be counted among the client s funds.

4 9. Granted Account Opening (Deposit) Bonus is terminated and will be withdrawn immediately from the eligible client s trading account with Pivot Markets upon: 1. Client s request to withdraw and/or transfer (including internal transfer) any funds from the account which held the bonus, 2. Client's trading account becomes Dormant. Dormant account is defined as there is no trading activity for 6 months since its last trading activity or 3. Negative balance protection is applied on the account which held the bonus. 10. If the Client loses his eligibility after receiving deposit bonus in any amount, all bonus(es) previously provided will be withdrawn immediately from the client s trading account with Pivot Markets. 11. The Deposit Bonus will be credited into the eligible Client s trading account upon Client s request. In order to claim the Deposit Bonus, the Client should set up an account with Pivot Markets and send a request through the request form. Subject to compliance with the conditions set out herein, the eligible Client will receive the Deposit Bonus. The eligible Client must request the Bonus within first 5 business days from the date of the initial deposit was made. Otherwise the Client will lose the eligibility to claim the Bonus. 12. Once all of the requirements set out in these terms and conditions have been met, the Deposit Bonus will be credited into an eligible client s account. The Deposit Bonus will not be recorded or construed as a liability of Pivot Markets towards the Client and may be unilaterally, retroactively and unconditionally withheld, subtracted, cancelled or removed from a Client s trading account(s), at any time and at the sole discretion of Pivot Markets in accordance with the terms set out in following paragraph. 13. If Pivot Markets in a good faith has reason to believe that a Client (whether individually or as part of group) has failed to comply with the conditions set out in paragraph 5 and/or 6, Pivot Markets is entitled including but not limited to at its sole discretion, to: 13.1 deny, withhold or withdraw from the Deposit Bonus from the Client s account(s), 13.2 to withhold, cancel and subtract, from that Client s account(s) and/ or from any other account(s) related to such Client account(s) the Deposit Bonus, 13.3 to offset any resulting losses against related/ hedged winning account, 13.4 to terminate that Client s access to services provided by Pivot Markets and/ or terminate the contract between Pivot Markets and the Client or the provision of services, 13.5 to block the Client s Account(s) (where required otherwise by a relevant authority) and to arrange for the transfer of any unused balance (less the Deposit Bonus) to the Client and 13.6 to cancel any profits, as well as any Introducing Broker s fees, generated from Abusive Behaviour.

5 14. Pivot Markets has the right to levy an administration charge on the Client up to value of the Deposit Bonus to cover any costs incurred by Pivot Markets in respect of validating or investigating information provided by the Client to Pivot Markets or contacting the Client. 15. Pivot Markets may ask the Client to provide sufficient documentation that the Company founds suitable and necessary in order be satisfied as to the Client s identity before granting any bonus. 16. Introducing Broker s commissions shall not be paid on the trading which was made by bonus funds, and/ or on any Abusive Behavior account which is stated in paragraph 5. The IB commission for an account with bonus is calculated by the formulae which is stated in IB Terms and Conditions. 17. The Client acknowledges that Forex and CFDs are leveraged products involving high level of risk. When trading in such products, the Client understands that it is possible to lose all of his capital for the full risk disclosure please visit Pivot Markets website. 18. These Terms and Conditions are made in English. Any other language translation is provided as a convenience only. In the case of any inconsistency or discrepancy between the original English text and its translation into any other language, as the case may be, the original version in English shall prevail. 19. In the case any provision of these DBP T&C fail to comply with General T&C, the General T&C shall prevail. 20. Pivot Markets has the right to modify this Terms and Conditions at any time without prior notice. 21. The Terms and conditions of this Program are dated 1 st of April 2016.