1. What this is
From time to time we offer a Deposit Bonus — a credit applied to your trading account when you make a qualifying deposit.
This Policy governs any such bonus. It forms part of, and must be read together with, the Client Agreement (Terms of Business), the Risk Disclosure and the Negative Balance Protection Policy. Where this Policy and the Client Agreement conflict, the Client Agreement prevails.
Participation is voluntary. You do not need a bonus to trade with us, and you may decline one or ask for it to be removed at any time.
2. Please read this first
A bonus increases the margin available on your account. That has one consequence above all others:
A bonus lets you open larger positions than your own deposit would support. Larger positions lose money faster. A bonus increases your risk — it does not reduce it.
- The bonus is credit, not cash. It is not your money and cannot be withdrawn.
- It is not a cushion, not insurance, and not a form of protection.
- It counts toward your account equity, which means your margin level is partly supported by the bonus — see Section 5.
If you would rather trade only with your own funds, decline the bonus. That is a perfectly sensible choice.
3. Eligibility
- Bonuses are offered at our discretion, to clients we determine are eligible, for the qualifying deposits and periods we specify at the time.
- A bonus is not available where it is prohibited by law in your jurisdiction, or where your account type, client classification or Contracting Entity makes it unavailable.
- We may withdraw, vary or refuse a bonus at any time, without giving reasons.
4. How the credit works
4.1 A qualifying deposit is credited with a bonus of the amount and percentage stated in the offer.
4.2 The bonus is not withdrawable. It is credit and remains our property. It is not part of your balance and cannot be paid out to you.
4.3 Profits are yours. Trading profits generated on the account are withdrawable in the ordinary way, subject to Section 6 and to the Client Agreement.
4.4 Proportional adjustment on withdrawal. If you withdraw your own funds while a bonus is in place, the bonus is reduced in the same proportion.
Example. You deposit USD 1,000 and receive a USD 1,000 bonus, giving equity of USD 2,000. You then withdraw USD 250 — a quarter of your own deposit. USD 250 of bonus is removed at the same time, leaving USD 750 of your funds and USD 750 of bonus.
Your withdrawal reaches you in full. But your usable margin falls by twice the amount you withdrew, and your margin level falls immediately. If you hold open positions, check your margin level before withdrawing.
4.5 Removing or adjusting a bonus does not touch your own deposited funds or your realised profits.
5. What happens when the market moves against you
This is the section to understand before accepting a bonus.
5.1 The bonus counts toward your equity. Your margin level — equity as a percentage of the margin your positions require — is calculated including the bonus credit. The bonus is holding your margin level up.
5.2 The bonus absorbs losses until your own funds are gone. As losses accumulate, your equity falls. The bonus remains in place while it does.
5.3 When equity falls to the amount of the bonus, the bonus is removed. At that point your own deposited funds have been lost. The bonus is removed from the account, and your equity falls by the bonus amount at the same moment.
5.4 Removal can trigger an immediate stop out. Because equity drops instantly when the bonus is withdrawn, your margin level can fall from a comfortable figure through the margin call level and past the 20% stop out level in a single step, closing your open positions automatically. There is no warning period and no opportunity to act in between.
In plain terms: the bonus does not stop you losing. It changes how you lose. It lets you take twice the position, absorbs the loss until your own money is gone, and is then removed — at which point the account can close out at once.
5.5 The bonus does not protect you against a negative balance. A bonus-funded account can still end up below zero, in a gap or a fast market. The Negative Balance Protection Policy applies to your account as it does to any other — including the USD 100 threshold, and your liability for any shortfall above it. The bonus does not increase that threshold.
6. Withdrawals
- Withdrawals of your own funds and realised profits are processed under the Client Agreement and our AML & KYC Policy.
- Any withdrawal made while a bonus is in place triggers the proportional adjustment in Clause 4.4.
- We may decline or defer a withdrawal where it would leave insufficient margin for your open positions.
7. Abuse
7.1 A bonus may not be used in connection with any Prohibited Trading Technique as defined in Clause 14 of the Client Agreement — including latency or price-feed arbitrage, exploitation of erroneous quotes, coordinated trading across accounts, and hedging entered into principally to manipulate margin requirements.
7.2 It may not be used in any arrangement whose principal purpose is to extract the bonus rather than to trade — including opening offsetting positions across accounts, or trading intended to convert credit into withdrawable funds without genuine market exposure.
7.3 Where we reasonably determine that this Section has been breached, we may remove the bonus, void the affected positions, withhold or reverse profits arising from them, and take any step available to us under Clause 14 of the Client Agreement. We will tell you what we have done and on what basis.
8. Leverage
Where a bonus offer refers to a maximum leverage available on request, that leverage is subject to our risk and compliance assessment and to the Contract Specifications, is not automatic, and may be reduced at any time under Clause 10.7 of the Client Agreement. Higher leverage increases risk. It is not a benefit.
9. General
- We may modify, suspend or terminate any bonus offer at any time. A change does not affect a bonus already credited except as this Policy provides.
- We may remove a bonus from an account at any time where required by law, by our regulator, or under Section 7.
- Where a bonus is removed for any reason, your own funds and realised profits are unaffected.
10. Risk warning
Trading leveraged products carries a high risk of loss and is not suitable for everyone. A bonus increases the size of the position you can hold, and therefore the speed at which losses accumulate. Please read the Risk Disclosure in full before accepting one.
11. Changes to this Policy
We may amend this Policy at any time by publishing an updated version on our website. The version published at the time a bonus is credited applies to that bonus.