Common use of Deposit Bonus Clause in Contracts

Deposit Bonus. The given bonus is provided by the Company to the clients when the Client deposits his/her account. The amount of the bonus is defined by the Company as a percentage of the amount of the money which the Client deposits. The given bonus presupposes the following volume of trade by the client. Each 1000$ of bonus money the volume of trade must reach: 10,000,000$ volume of trade for each bonus 1,000$ for the total bonus of up to 10000$; 20,000,000$ volume of trade for each bonus 1,000$ for the total bonus of 10000$ to 30000$; 30,000,000$ volume of trade for each bonus 1,000$ for the total bonus of more than 30000$. In case the Client has two or more accounts in the Company, trading volume for the bonus must be reached for each account in accordance with the amount of the bonus transferred and trading volume of all deals made on these accounts. In case the Client has several bonuses the withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. The volume of trade does not include the transactions which are opened in the mixed way, scalping transactions, and transactions which last less than three minutes. In case there is no trading activity on the account during any period longer than three months from the moment the bonus is deposited and till the moment the volume of trade must be reached, the company has the right to debit the bonus money as well as the whole income on the account of the client for the given period without any notice or agreement with the client. In those cases when during any period more than 3 months from the day the bonus is credited until the volume of trade condition is fulfilled: – there is no activity on the Client’s trading account; – the current balance of the Client’s account (with opened positions) does not exceed the amount of the bonus received from the Company; the Company has the right to debit bonus funds, as well as all income received on the Client’s account with bonus funds without warning and without receiving any consent from the Client. In case there are any suspicions of the fraud with the purpose to reach the necessary volume of trade or use of the bonus, the trading account of the client can be adjusted. The withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. When the volume of trade is reached, the whole balance of the account together with the bonuses, deposits and income can be withdrawn without any limitations. There are no time limits for reaching the volume of trade for the bonus. In case the Client withdraws the money from the account before he/she fulfills the conditions on the volume of trade for the bonus, all the opened positions on the Client’s account are closed and the money left on the account of the client is cleared in accordance with the following formula: Account balance = current account balance – the amount of the bonus/es provided – total income obtained by the client since the time the bonus was activated for all closed positioned which were opened after the bonus had been activated (positive total income only). If during the bonus usage period, the amount of the account balance is less than the bonus amount, the Client will be able to withdraw funds only after the bonus is fully worked out. The terms and conditions of bonus working out are specified in this Agreement.

Appears in 3 contracts

Samples: Terms of Service Agreement, Terms of Service Agreement, Terms of Service Agreement

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Deposit Bonus. The given bonus is provided by the Company to the clients when the Client deposits his/her account. The amount of the bonus is defined by the Company as a percentage of the amount of the money which the Client deposits. The given bonus presupposes the following volume of trade by the client. Each The volume of trade by each 1000$ bonus must reach: When receiving a bonus up to $ 10,000, the amount of trade must reach $ 10,000,000 per every 1000 $ of the received bonus means; When getting a bonus from $ 10,000 to $ 30,000 — the amount of trade must reach $ 20,000,000 for every $ 1000 of bonus money received; When receiving a bonus over $ 30,000 — the volume amount of trade must reach: 10,000,000reach $ volume 30,000,000 per every 1000 $ of trade for each the received bonus 1,000$ for the total bonus of up to 10000$; 20,000,000$ volume of trade for each bonus 1,000$ for the total bonus of 10000$ to 30000$; 30,000,000$ volume of trade for each bonus 1,000$ for the total bonus of more than 30000$. means. In case the Client has two or more accounts in with the Company, trading the volume of trade for the bonus must be reached for each account in accordance with the amount of the bonus transferred and trading volume of all deals made on these accountsto the given account. In case the Client has several bonuses the The withdrawal of the bonus and profit from the income from trading activities trade is not allowed permitted from all the accounts until the volume of trade is reachedcondition will not be fulfilled for all the trading accounts. The volume of trade does not include the transactions which are opened in the mixed way, scalping transactions, and transactions which last less than three minutes. minutes In case there is no trading activity on the account during any period longer than three months from the moment the bonus is deposited and till the moment the volume of trade must be reached, the company has the right to debit the bonus money as well as the whole income on the account of the client for the given period without any notice or agreement with the client. In those cases when during any period more than 3 months from the day the bonus is credited until the volume of trade condition is fulfilled: – there is no activity on the Client’s trading account; – the current balance of the Client’s account (with opened positions) does not exceed the amount of the bonus received from the Company; the Company has the right to debit bonus funds, as well as all income received on the Client’s account with bonus funds without warning and without receiving any consent from the Client. In case there are any suspicions of the fraud with the purpose to reach the necessary volume of trade or use of the bonus, the trading account of the client can be adjusted. The withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. When the volume of trade is reached, the whole balance of the account together with the bonuses, deposits and income can be withdrawn without any limitations. There are no time limits for reaching the volume of trade for the bonus. In case the Client withdraws the money from the account before he/she fulfills the conditions on the volume of trade for the bonus, all the opened positions on the Client’s account are closed and the money left on the account of the client is cleared in accordance with the following formula: Account balance = current account balance – the amount of the bonus/es provided – total income obtained by the client since the time the bonus was activated for all closed positioned which were opened after the bonus had been activated (positive total income only). If during the bonus usage period, the amount of the account balance is less than the bonus amount, the Client will be able to withdraw funds only after the bonus is fully worked out. The terms and conditions of bonus working out are specified in this Agreement.

Appears in 1 contract

Samples: Terms of Service Agreement

Deposit Bonus. The given bonus is provided by the Company to the clients when the Client deposits his/her account. The amount of the bonus is defined by the Company as a percentage of the amount of the money which the Client deposits. The given bonus presupposes the following volume of trade by the client. Each 1000$ of bonus money the volume of trade must reach: 10,000,000$ volume of trade for each bonus 1,000$ for the total bonus of up to 10000$; 20,000,000$ volume of trade for each bonus 1,000$ for the total bonus of 10000$ to 30000$; 30,000,000$ volume of trade for each bonus 1,000$ for the total bonus of more than 30000$. In case the Client has two or more accounts in the Company, trading volume for the bonus must be reached for each account in accordance with the amount of the bonus transferred and trading volume of all deals made on these accounts. In case the Client has several bonuses the withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. The volume of trade does not include the transactions which are opened in the mixed way, scalping transactions, and transactions which last less than three minutes. In case there is no trading activity on the account during any period longer than three months from the moment the bonus is deposited and till the moment the volume of trade must be reached, the company has the right to debit the bonus money as well as the whole income on the account of the client for the given period without any notice or agreement with the client. In those cases when during any period more than 3 months from the day the bonus is credited until the volume of trade condition is fulfilled: – there is no activity on the Client’s trading account; – the current balance of the Client’s account (with opened positions) does not exceed the amount of the bonus received from the Company; the Company has the right to debit bonus funds, as well as all income received on the Client’s account with bonus funds without warning and without receiving re- ceiving any consent from the Client. In case there are any suspicions of the fraud with the purpose to reach the necessary volume of trade or use of the bonus, the trading account of the client can be adjusted. The withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. When the volume of trade is reached, the whole balance of the account together with the bonuses, deposits and income can be withdrawn without any limitations. There are no time limits for reaching the volume of trade for the bonus. In case the Client withdraws the money from the account before he/she fulfills the conditions on the volume of trade for the bonus, all the opened positions on the Client’s account are closed and the money left on the account of the client is cleared in accordance with the following formula: Account balance = current account balance – the amount of the bonus/es provided – total income obtained by the client since the time the bonus was activated acti- vated for all closed positioned which were opened after the bonus had been activated (positive total income only). If during the bonus usage period, the amount of the account balance is less than the bonus amount, the Client will be able to withdraw funds only after the bonus is fully worked out. The terms and conditions of bonus working out are specified in this Agreement.

Appears in 1 contract

Samples: Terms of Service Agreement

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Deposit Bonus. The given bonus is provided by the Company to the clients when the Client deposits his/her account. The amount of the bonus is defined by the Company as a percentage of the amount of the money which the Client deposits. The given bonus presupposes the following volume of trade by the client. Each 1000$ of bonus money the volume of trade must reach: 10,000,000$ volume of trade for each bonus 1,000$ for the total bonus of up to 10000$; 20,000,000$ volume of trade for each bonus 1,000$ for the total bonus of 10000$ to 30000$; 30,000,000$ volume of trade for each bonus 1,000$ for the total bonus of more than 30000$. In case the Client has two or more accounts in the Company, trading volume for the bonus must be reached for each account in accordance with the amount of the bonus transferred and trading volume of all deals made on these accounts. In case the Client has several bonuses the withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. The volume of trade does not include the transactions which are opened in the mixed way, scalping transactions, and transactions which last less than three minutes. In case there is no trading activity on the account during any period longer than three months from the moment the bonus is deposited and till the moment the volume of trade must be reached, the company has the right to debit the bonus money as well as the whole income on the account of the client for the given period without any notice or agreement with the client. In those cases when during any period more than 3 months from the day the bonus is credited until the volume of trade condition is fulfilled: – there is no activity on the Client’s trading account; – the current balance of the Client’s account (with opened positions) does not exceed the amount of the bonus received from the Company; the Company has the right to debit bonus funds, as well as all income received on the Client’s account with bonus funds without warning and without receiving any consent from the Client. In case there are any suspicions of the fraud with the purpose to reach the necessary volume of trade or use of the bonus, the trading account of the client can be adjusted. The withdrawal of the bonus and the income from trading activities is not allowed until the volume of trade is reached. When the volume of trade is reached, the whole balance of the account together with the bonuses, deposits and income can be withdrawn without any limitations. There are no time limits for reaching the volume of trade for the bonus. In case the Client withdraws the money from the account before he/she fulfills the conditions on the volume of trade for the bonus, all the opened positions on the Client’s account are closed and the money left on the account of the client is cleared in accordance with the following formula: Account balance = current account balance – the amount of the bonus/es provided – total income obtained by the client since the time the bonus was activated for all closed positioned which were opened after the bonus had been activated (positive total income only). If during the bonus usage period, the amount of the account balance is less than the bonus amount, the Client will be able to withdraw funds only after the bonus is fully worked out. The terms and conditions of bonus working out are specified in this Agreement.

Appears in 1 contract

Samples: Terms of Service Agreement

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