LiteForex congratulates you upon Ramadan and increases the amount of a standard Non-Stop bonus for each deposit in your trading account in this connection. During the holiday period, from 12.07.2013 till 20.08.2013 each of your deposits over $100 made within 24 hours after the opening of your trading account will be accompanied by a bonus of 35% of the deposit.
You will be granted a bonus of 25% of each next deposit over $100.
Conditions of the «Non-stop Celebration Bonus» promotion
- 1. LITE, REAL accounts may partake in the «Non-stop Celebration Bonus» promotion.
- 2. A bonus of 35% of each deposit over $100 made in the first 24 hours after the account has been opened will be paid into this account.
- 3. A bonus of 25% of each deposit over $100 made after the expiration of the first 24 hours after the account has been opened will be paid into this account.
- 4. In order to receive this bonus, the client needs to check the “Get bonus” field at the second step when making a deposit. The bonus will be paid into the account right after the account has been topped up.
- 5. The accounts opened by the use of the MultiRebate system as well as STP/PAMM accounts cannot take part in this promotion.
- 6. A trading account may participate only in one of LiteForex’s promotion categories.
- 7. Partner’s remuneration (commission) will not be paid for the transactions whose volume is made up of bonus funds.
- 8. The bonus will not be paid for transfers between client’s trading accounts.
- 9. When a client withdraws his own money from his account or makes a transfer to another account, the bonus amount is reduced in proportion to the account balance. LiteForex has the right to take away bonus funds if the client withdraws his own funds or a part of them from his account.
- 10. Any profit made when investing bonus funds may be immediately withdrawn from the account.
- 11. The bonus is valid for 1 year from the date of bonus payment. Bonus funds deposited in your trading account may be used in trading or withdrawn from the account within this period. The bonus will be cancelled after the expiration of 1 year.
- 12. For the bonus funds to be added to the account balance, at least 50 transactions with the volume of at least 30% of the bonus amount are required. Only the transactions that have been conducted after the bonus has been paid into the account will be considered when adding the bonus funds to the account balance. The calculation example is given below:
Deposit amount ($) Bonus amount (%) Bonus amount ($) 30% lots of the bonus amount* 100 25 % $25 7,5 500 25 % $125 37,5 1000 35 % $350 105 5000 35 % $1750 525 10000 35 % $3500 1050
- It must be noted that:
- * When counting the total volume of transactions with CFDs on shares, the volume is multiplied by 0.1.
- ** The volume is 100 times more for LiteForex type of accounts.
- When calculating the total volume of closed transactions (see item 7), we do not consider:
- deleted and canceled pending orders;
- transactions which contradict the paragraph 2.10.2 of the Agreement on Quoting System and Transactions Procedure;
- artificial trades;
- transactions resulting in less than 3 points of profit/loss.
- 13. If you wish to withdraw funds gained as a bonus, you must verify that you have fulfilled the conditions above. If you meet these conditions, you can send an e-mail to firstname.lastname@example.org with the following message:
- Within 3 working days following the request, our manager will verify whether the conditions are fulfilled and will send you a letter with the results of verification. In case of a favorable decision you will be able to withdraw funds immediately.
- 14. Bonus funds may be used as an additional margin. Trading may not be conducted by means of credit funds only. The bonus will be canceled if the whole of client’s own funds is lost*.
* Should you have a negative account balance after closing a position/some positions, you can always contact our Technical support department in order to correct it.
- 15. The Credit Stop Out is applicable to the accounts credited with bonus funds:
- If the margin requirement to maintain open positions is less than the amount of bonus funds, the Stop Out will occur as soon as the equity level reduces to the margin requirement level.
- If the margin requirement to maintain open positions is higher than or equal to the sum of bonus funds, the Stop Out will occur as soon as the equity level reaches the level of bonus funds, or as soon as the Margin Level reaches the value of 20%.
- The current state of account is controlled by the server that generates an order to close positions compulsorily in case the Credit Stop Out occurs. The Credit Stop Out is executed at the current market price on the basis of first come, first served.
- 16. LiteForex reserves the right to refuse bonus provision or cancel anytime and with no reason given a bonus deposited earlier as well as to cancel the results of any transactions conducted by use of bonus funds.
- 17. The LiteForex Company reserves the right to request Client’s further identity information. Should the Client refuse to provide this information or the documents to verify his identity and address of residence, LiteForex reserves the right to cancel at any time bonus funds as well as cancel the results of any transactions conducted by use of bonus funds.
- 18. The company has the right to correct the results of a client’s trades on suspicion of bonus hunting activities or any other fraudulent actions as to bonus funds. A part of a trading result which was earned by use of bonus funds shall be cancelled. An insufficient trading activity in the account, such as execution of a single high-volume trade or several trades of lower volume conducted at the same rate and at nearly the same time, which represents a subdivision of a big trade into smaller ones, may serve as the reason for revising the results. As a rule, there is no sufficient trading history in such accounts. In case of detecting such trades, the Company may cancel the bonus at any time and without preliminary notice.
- 19. LiteForex has the right to amend the conditions of the “Non-stop Celebration Bonus” promotion at any time and without special notification.
- 20. This promotion conditions will be considered as accepted by the client as soon as the bonus is deposited into the client’s trading account.