TERMS AND CONDITIONS FOR BONUS
Welcome Bonus of 25% on the first deposit amount
The Offers relate to a minimum approved deposit of $100. The bonus will be added to a trading account as credit, but not before all required documents have been completed, received, and processed.
Credit bonuses are non-transferable between clients. The credit bonus cannot be transferred between a client's different accounts if the original deposit has already been traded on.
Classification of credit bonus "in advance"
The credit bonus will be added to your account in advance and can be used for margin requirements.
Unless otherwise stated, the credit bonus cannot be combined with any other offers or promotions offered by Forex Control.
The credit bonus cannot be withdrawn until the lot obligations have been made according to the conditions stipulated below.
Fulfilling lot obligations-General T & C:
For each $25 bonus given in advance, there is a lot obligation of 5 lots.
For example: If a 30% credit bonus is given on an initial deposit of $1000, the account holder would receive an additional $300 credit. Total equity is equal to $1300. (30%*1000+1000=$1300)
$300/$25=12*5 lots=60 lots are the volume obligations in order to receive each 30%"credit bonus"
"1 Lot"- shall mean transaction of 100,000 units of the base currency. Transactions in CFD's will be considered 1 lot for each transaction of $100,000.
There is a maximum credit bonus of the currency equivalent of $5000 US Dollar per each Forex Control account.
Clients must inform Forex Control account managers upon completing lot obligations. Forex Control shall not be held responsible to inform clients of their volume status at any time.
The credit bonus may be withdrawn after the applicable amount of standard round lot turn transactions have been placed.
In the event that you have not reached the necessary volume to fulfill your lot obligation, but wish to make an account withdrawal, your bonus will be cancelled. You are entitled to receive any funds from your initial deposit amount without delay. In case you made profits, it cannot be withdrawn until the lot obligations have been made according to the conditions stipulated above.
According to this Promotion, after clients make their initial deposit, they must complete the required number of standard lots in a period of 1 month.
If you have not fulfilled the required number of standard lot round turn transactions during the 1 month period, the 'credit bonus' will subsequently be detached. This detachment may affect the equity and margin level on your open positions, possibly closing out some or all of your positions. This is done automatically by our Risk Management System, which limits your potential losses.
Special World Cup Bonus Offer
Client opening new account under this offer will be given a 200% Bonus & the leverage will be 1:50 subject to the following:
Bonus is valid till 31st March or one month whichever is earlier during which the client needs to trade 25 standard lots of currencies for every 100$ received in the bonus. The bonus cannot be withdrawn if the above condition is not fulfilled.
If the client did not completed the lots as required by the Terms & conditions, he will not get the bonus but he can withdraw profits after 31st march but he will get only 33% of the profit & remaining profit will be taken back by the company as the client did not finish the number of lots.
This offer is valid only for new clients and not applicable for existing clients prior to this offer date.
Below is the Terms & Conditions for the specific Matches:-
India Vs Srilanka Final Match
100% Bonus offer
The previously offered 100% bonus is valid till 28th February, & all the clients who got the bonus of 100% need to understand that the bonus will be withdrawn from their respective trading account at the end of 28th February & its their own responsibility to understand the risk of withdrawal of the bonus. Later, after calculating the number of lots traded by the client, the credit bonus will be converted into amount & will be given in clients trading account by 15th of March.
At the end of the Promotional / Lots Calculation Period, if you have not made the required number of standard lot round turn transactions on the relevant account/s during the Lots Calculation Period, you will not receive a credit bonus.
Margin
Opening Positions:
Forex Control has the right to reject pending order activation or the instruction to open a new position if the Eligible Client's total equity less their trading bonus would have become less than 50% of the margin necessary to maintain open position/s (including the new position) if Forex Control activated the pending order or confirmed the instruction to open a position.
Stop outs:
If the Eligible Client's total equity less their trading bonus becomes less than 10% of the margin necessary to maintain open position/s, we reserve the right to stop out the Eligible Client from the position/s.
IMPORTANT:
Please note that the above margin calculation for stop outs for Customers that opt-in to take part in the Offer is different to the regular margin calculation for stop outs as set out in the terms of business for account holders. This may result in stop outs occurring at different margin levels to when a Customer trades outside of the Offer.
Withdrawal:
The trading bonus is not available for withdrawal but subject to the conditions of the promotion being met, the trading credit can be withdrawn from the Customer's account at the end of the Promotional Period.
The credit bonus will be credited to the relevant account/s at the end of the Promotional Period, subject to the conditions of the promotion being met, and will be available for withdrawal on 15 March 2011.
Risk Warning:
It is important that Eligible Clients are aware that their risks are not limited to the deposit and that by making a qualifying trade it is possible to lose more than the deposit. In some circumstances, losses may be considerably more than any initial or minimum deposit.
Welcome Bonus of 25% on the first deposit amount
The Offers relate to a minimum approved deposit of $100. The bonus will be added to a trading account as credit, but not before all required documents have been completed, received, and processed.
Credit bonuses are non-transferable between clients. The credit bonus cannot be transferred between a client's different accounts if the original deposit has already been traded on.
Classification of credit bonus "in advance"
The credit bonus will be added to your account in advance and can be used for margin requirements.
Unless otherwise stated, the credit bonus cannot be combined with any other offers or promotions offered by Forex Control.
The credit bonus cannot be withdrawn until the lot obligations have been made according to the conditions stipulated below.
Fulfilling lot obligations-General T & C:
For each $25 bonus given in advance, there is a lot obligation of 5 lots.
For example: If a 30% credit bonus is given on an initial deposit of $1000, the account holder would receive an additional $300 credit. Total equity is equal to $1300. (30%*1000+1000=$1300)
$300/$25=12*5 lots=60 lots are the volume obligations in order to receive each 30%"credit bonus"
"1 Lot"- shall mean transaction of 100,000 units of the base currency. Transactions in CFD's will be considered 1 lot for each transaction of $100,000.
There is a maximum credit bonus of the currency equivalent of $5000 US Dollar per each Forex Control account.
Clients must inform Forex Control account managers upon completing lot obligations. Forex Control shall not be held responsible to inform clients of their volume status at any time.
The credit bonus may be withdrawn after the applicable amount of standard round lot turn transactions have been placed.
In the event that you have not reached the necessary volume to fulfill your lot obligation, but wish to make an account withdrawal, your bonus will be cancelled. You are entitled to receive any funds from your initial deposit amount without delay. In case you made profits, it cannot be withdrawn until the lot obligations have been made according to the conditions stipulated above.
According to this Promotion, after clients make their initial deposit, they must complete the required number of standard lots in a period of 1 month.
If you have not fulfilled the required number of standard lot round turn transactions during the 1 month period, the 'credit bonus' will subsequently be detached. This detachment may affect the equity and margin level on your open positions, possibly closing out some or all of your positions. This is done automatically by our Risk Management System, which limits your potential losses.
Special World Cup Bonus Offer
Client opening new account under this offer will be given a 200% Bonus & the leverage will be 1:50 subject to the following:
Bonus is valid till 31st March or one month whichever is earlier during which the client needs to trade 25 standard lots of currencies for every 100$ received in the bonus. The bonus cannot be withdrawn if the above condition is not fulfilled.
If the client did not completed the lots as required by the Terms & conditions, he will not get the bonus but he can withdraw profits after 31st march but he will get only 33% of the profit & remaining profit will be taken back by the company as the client did not finish the number of lots.
This offer is valid only for new clients and not applicable for existing clients prior to this offer date.
Below is the Terms & Conditions for the specific Matches:-
India Vs Srilanka Final Match
- Bonus will be given as per the offer. Investment from $25 to $250 - Bonus 400%, Investment from $251 to $1000 - Bonus 200%, Investment above $1001 - Bonus 100%.
- The clients need to deposit before the Match starts to avail this offer.
- Leverage will be 1:100
- Bonus validity 30 days.
- No withdrawal till required number of lots traded.
- Need to trade 25 standard lots of currencies & commodities per $100 received in bonus, failing which you cannot withdraw bonus.
- If you don't finish the required number of lots within the bonus expiry period, you can only withdraw proportionate profit & remaining profit will get cancelled. For example : you have deposited $1500 & got bonus of $1500 (here the ratio is 50:50), after trading you made profit of $500 but if you have not traded enough lots you can withdraw 50% of profit & 50% will be cancelled.
- Scalping is not allowed.
- This offer cannot be combined with any other offer.
- Bonus will be given as per the offer. Investment from $100 to $500 - Bonus 50%, Investment from $501 to $2000 - Bonus 100%, Investment above $2000 - Bonus 200%,
- The clients need to deposit before the Match starts to avail this offer.
- Leverage will be 1:100
- Bonus validity 30 days.
- No withdrawal till required number of lots traded.
- Need to trade 25 standard lots of currencies & commodities per $100 received in bonus, failing which you cannot withdraw bonus.
- If you don't finish the required number of lots within the bonus expiry period, you can only withdraw proportionate profit & remaining profit will get cancelled. For example : you have deposited $1000 & got bonus of $1000 (here the proportion is 50:50), after trading you made profit of $500 but if you have not traded enough lots you can withdraw 50% of profit & 50% will be cancelled.
- Scalping is not allowed.
- This offer cannot be combined with any other offer.
- Client depositing $250 will get bonus of $500.
- The clients need to deposit before the Match starts to avail this offer.
- Leverage will be 1:50
- Bonus validity 15 days.
- No withdrawal till required number of lots traded.
- Need to trade 25 standard lots of currencies & commodities per $100 received in bonus, failing which you cannot withdraw bonus.
- If you don't finish the required number of lots within the bonus expiry period, you can only withdraw proportionate profit & remaining profit will get cancelled. For example : you have deposited $1000 & got bonus of $1000 (here the proportion is 50:50), after trading you made profit of $500 but if you have not traded enough lots you can withdraw 50% of profit & 50% will be cancelled.
- Scalping is not allowed.
- This offer cannot be combined with any other offer.
100% Bonus offer
The previously offered 100% bonus is valid till 28th February, & all the clients who got the bonus of 100% need to understand that the bonus will be withdrawn from their respective trading account at the end of 28th February & its their own responsibility to understand the risk of withdrawal of the bonus. Later, after calculating the number of lots traded by the client, the credit bonus will be converted into amount & will be given in clients trading account by 15th of March.
At the end of the Promotional / Lots Calculation Period, if you have not made the required number of standard lot round turn transactions on the relevant account/s during the Lots Calculation Period, you will not receive a credit bonus.
Margin
Opening Positions:
Forex Control has the right to reject pending order activation or the instruction to open a new position if the Eligible Client's total equity less their trading bonus would have become less than 50% of the margin necessary to maintain open position/s (including the new position) if Forex Control activated the pending order or confirmed the instruction to open a position.
Stop outs:
If the Eligible Client's total equity less their trading bonus becomes less than 10% of the margin necessary to maintain open position/s, we reserve the right to stop out the Eligible Client from the position/s.
IMPORTANT:
Please note that the above margin calculation for stop outs for Customers that opt-in to take part in the Offer is different to the regular margin calculation for stop outs as set out in the terms of business for account holders. This may result in stop outs occurring at different margin levels to when a Customer trades outside of the Offer.
Withdrawal:
The trading bonus is not available for withdrawal but subject to the conditions of the promotion being met, the trading credit can be withdrawn from the Customer's account at the end of the Promotional Period.
The credit bonus will be credited to the relevant account/s at the end of the Promotional Period, subject to the conditions of the promotion being met, and will be available for withdrawal on 15 March 2011.
Risk Warning:
It is important that Eligible Clients are aware that their risks are not limited to the deposit and that by making a qualifying trade it is possible to lose more than the deposit. In some circumstances, losses may be considerably more than any initial or minimum deposit.
- We reserve the right, at our sole discretion, to disqualify any individual that tampers or attempts to tamper with the operation of the Promotion, or breaches the Promotion Terms or Our Terms.
- We reserve the right to alter, amend or terminate this Promotion, or any aspect of it, at any time and without prior notice. We may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the Forex Control website. We recommend you revisit these Promotion Terms regularly and, by your continued use of the Forex Control website and services you accept any such modified terms.
- Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into.
- If these Promotion Terms are translated into a language other than English, then the English version of the Rules shall prevail where there are inconsistencies.
- Terms & Conditions concerning all bonuses are in addition to the General Terms & Conditions of Forex Control web-site