Bonus funds may be transferred to balance and withdrawn from the account. To do so, a client needs to conduct at least 80 trades with the total volume of at least 30% of the bonus amount. The calculation examples can be found in the table below
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%
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.
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 samerate and at nearly the sametime, 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 tradinghistory in such accounts. In case of detecting such trades, the Company may cancel the bonus at any time and without preliminary notice.
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.
The clients participating in bonus promotionsneed to take notice of the paragraph 4.8. of the Public Offer Agreement, which reads as follows: The Company corrects balances in the accountswith a fixed negative value in the “Balance” column in the trading terminal on the 1st of each month. Correction (setting to zero) of tradingaccounts shall be applied solely to those accounts in which no trades are conducted at the moment of correction, i.e. no active open trading positions are present (pending orders will not be considered). Bonus funds are deducted from the “Credit” column with the comment “bonus_out (negative balance)”. At the sametime, funds in the amount equal to the negative balance value are put into the accountwith the comment “Zero Balance Correction”.
Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financialproductsthat are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure.