Welcome Bonus Advantages
How to get the Welcome Bonus
Terms and Conditions
- The Welcome Bonus of up to $500 is available only for the following account types: Classic+, DirectFX or xPRIME.
- The Welcome Bonus must be claimed during the initial deposit of at least $50. For this purpose, check the “Enroll Welcome Bonus” option on the replenishment form.
- The bonus amount is equal to 100% of the deposit sum, but can not exceed $500 (or its equivalent in the account currency).
- While profit can be withdrawn at any time, the Welcome Bonus can be withdrawn only after meeting required trading
turnover. The turnover is calculated using the formula:
Required Turnover = Welcome Bonus in USD * 50,000 .Example:
If a trader deposits $200 and receives a Welcome Bonus of $200, then the required turnover would be $10,000,000 (200 * 50,0000), which is equivalent to 44 lots of EURUSD in MetaTrader.
- The trading turnover is calculated as a total turnover of all deals for opening and closing positions.
Examples:
BUY 1 lot of EURUSD (1 lot = 100,000 EUR) position opened at a price of 1.1257 and closed at 1.1283.
Trading turnover = (100,000 * 1.1257) + (100,000 * 1.1283) = 225,400 USD SELL 5 lot of USDJPY (1 lot = 100,000 USD) position opened at a price of 109.806 and closed at 109.352.
Trading turnover = (500,000 * 1) + (500,000 * 1) = 1,000,000 USD BUY 3.5 lot of GBPUSD (1 lot = 100,000 GBP) position opened at a price of 1.2978 and closed at 1.2985.
Trading turnover = (350,000 * 1.2978) + (350,000 * 1.2985) = 908,705 USD - The Welcome Bonus cannot be used in a "drawdown" situation and will be automatically cancelled if
equity falls equal to or below credit. Once canceled, all positions are forcibly closed (stop out).
Example:
A trader made a deposit of $500 and received a Welcome Bonus of $500. If the equity drops down to $500 (value in the credit field), the Welcome Bonus will be automatically cancelled, and all positions will be forcibly closed (stop out).
- If there is an active Welcome Bonus on the account, the sum of funds available for withdrawal will be limited and calculated with the formula: Available for withdrawal = Free Margin - Welcome Bonus - Deposit amount for which Welcome Bonus has been given.
- To remove the withdrawal restrictions, you can cancel the Welcome Bonus in the Personal Area at any time. In this case, only the bonus amount will be deducted.
- Detailed information about the Welcome Bonus, including required and current turnover, can be found in the Personal Area.
