'Deposit Bonus' Terms & Conditions

1. General Terms

1.1 The “Deposit” Promotion will take place from 16.02.2017 until 17.03.2017.

1.2 The Promotion is available to all new and existing MTrading clients with M.Standard and M.Pro live accounts worldwide (see point 1.3).

1.3 The list of countries where MTrading provides its services is available upon request.

1.4 The Promotion is only available to clients that have accepted these Terms and Conditions in Trader's Room.

1.5 The credit bonus (Bonus) provides additional free margin and increases the amount of funds available for trading (i.e. for opening new positions and maintaining margin requirements for such positions). The Bonus is not a part of the trading account balance and is displayed in the “Credit” field in the MetaTrader platform. Since the Bonus is deposited to the account as a margin credit, it cannot be used to cover trading losses.

1.6 Eligible clients will receive the Bonus when funding a live trading account under the following terms:

Deposit, USD Credit Bonus, % Minimum Trading Volume, Lots per USD Custom
500 - 19 999 USD 50% 0.25 Lots per USD of bonus funds More than 20 000 USD
*See point 5.4 for details
*When funding accounts in a currency other than USD, the Bonus will be calculated based on a simulated conversion of the deposit currency into USD. Conversion and calculation will be carried out at the current MTrading’ exchange rate.
*If you would like to deposit over 20 000 USD please contact your Manager via bonus@mtrading.com

1.7 Each trading account can have only one active bonus at a time.

1.8 Both existing clients and new clients must meet the minimum trading volume requirements before the Bonus will be transferred to account balance and become available for withdrawal requests or internal transfers. After receiving the Bonus, clients will have 180 calendar days to meet the minimum volume requirement. This term is calculated separately for each particular bonus amount received during this Promotion.

1.9 Due to additional free margin limit formed by a Bonus amount in trading account a Participant accepts and agrees that besides the default Stop Out level stated on MTrading website an Additional Stop Out condition will be applied to Participant's trading account that contains Bonus. Participant's open positions will be immediately liquidated if any of default or Additional Stop Out conditions will occur in Participant's trading account.

1.10 Additional Stop Out condition will trigger the Stop Out procedure if Participants total account equity (own balance + current floating profit/loss + swap + Bonus amount - per trade commissions) decreases below the amount of the received Bonus, as shown in Example 1 below:

Example 1:

a) Default Stop Out conditions:

When a Participant has 1000 USD of own funds in trading account and additional 500 USD received as Bonus, total amount that may be used as margin in the account is 1500 USD. If Participant uses 1400 USD as margin, Default Stop Out will trigger when current account equity decreases below 30% of used margin, i.e. when equity will drop to 360 USD or lower. This remaining amount of 360 USD is greater than amount received as Bonus, therefore equity did not drop below amount of Bonus and Default Stop Out procedure will trigger at margin level of 30%.

b) Additional Stop Out conditions:

Following the same parameters as in the example above, but assuming that this time the Participant will use 600 USD for margin requirements. In such case 30% of this margin requirement will be 180 USD, however as this amount remains below of the amount of received Bonus (300 USD) an Additional Stop Out condition will apply whenever total account equity decreases below 300 USD. As a result Stop Out will trigger at margin level of 50%.

1.11 It is clients' sole responsibility prior to campaign ending date to maintain sufficient margin level on their accounts so that after removal of the Bonus margin level will still remains sufficient for maintaining open positions.

2. Receiving Bonus

2.1 After enrolling a live trading account in the Promotion, the first Deposit to this account made after registration and all next deposits made within 24 hours after the first one will be summarized, considered as one single deposit of higher value and awarded with the Bonus.

2.2 All funds deposited to a live trading account before enrolling it in the Promotion and later than 24 hours after the first Deposit will not count towards the Promotion and will not be awarded with the Bonus.

2.3 Once the account is credited, contact your account manager to get your bonus credited.

2.4 Bonuses will only be credited to the exact same real trading account that was funded.

2.5 After 180 calendar days from the deposit date, MTrading has the right to remove a client’s eligibility for any bonuses, provided that the minimum trading volume requirement has not been completed. Clients are required to take good faith efforts to ensure that MTrading is able to withdraw a bonus after 180 calendar days have passed if the minimum trading volume has not been completed.

3. Bonus Withdrawal

3.1 Once credited to a client’s trading account, the credit bonus remains linked to this same account and cannot be withdrawn either partially or in full unless the minimum trading volume requirement is met in its entirety.

3.2 Participant can withdraw accrued profits and earlier deposits from trading accounts. Participant understands and agrees that in cases in which a withdrawal of deposited funds occurs before the Trading Volume Requirement has been met, this will lead to the total removal of the Bonus from the Participant’s account.

3.3 The client agrees that a withdrawal request will not be processed if the request results in a total reduction of more than 65% of the free margin on the account after any automatic reductions of bonus levels are taken into account.

4. Miscellaneous

4.1 At all times, MTrading reserves the right to amend, change or cancel this promotion without any prior notice to current or prospective promotion participants.

4.2 If MTrading suspects that a Promotion participant has abused or attempted to abuse a Promotion or otherwise acted with a lack of good faith towards MTrading, MTrading’ reserves the right to deny, withhold, cancel or withdraw from that participant the credit bonus, and, if necessary, to cancel any terms and conditions of this promotion and client agreement with respect to that Promotion participant, either temporarily or permanently, or to terminate that participant's access to the services and/or block that participant's account(s).

4.3 The bonus funds are considered to be property of MTrading until the client reaches the required trading volume.

4.4 Most deposit instruments are subject to a commission or fee by a third party. It is a client’s responsibility to provide sufficient deposit levels, excluding the commission, in order to be eligible for an appropriate bonus category.

4.5 Trading in the Forex and CFD markets entails significant risk. Participation in the Forex and CFD markets should not be undertaken unless the Trader is fully aware of and understands the risks involved in trading. Participation in this promotion should not be a motivating factor when considering participation in the Forex and CFD markets.

4.6 It is the responsibility of the client to ensure that all applicable taxes and fees on bonuses in their country are paid.

4.7 In case of any ambiguity or conflict or inconsistency between different translations of these Terms the English version shall prevail.

4.8 In case of additional questions related to the Promotion, Participants may contact MTrading using the special bonus@mtrading.com mailbox.

5. Definitions

5.1 “New Client” – An individual or corporation who, at the time of enrolment into this Promotion, does not have any live accounts or earlier registrations in the Trader’s Room at MTrading.

5.2 “Existing Client” – An individual or corporation who, at the moment of enrolment into this Promotion, has, or earlier was in possession of, any of the following accounts:

  • Registration in the Trader’s Room of MTrading;
  • Real trading account (currently active or deactivated).

5.3 “Account funding”, “deposit” – A money operation that adds new money to client’s real trading account through means of payment offered by MTrading. Internal transfers, balance adjustments, other cash bonus credits, IB/partner rewards or commissions will not be considered an account funding operation.

5.4 “Minimum trading volume requirement” – The total volume required to trade before the client is able to withdraw bonus funds received from the Promotion. Trading volume is calculated in lots, where 1 lot is equal to 100,000 of currency units. Due to the significant difference in margin requirements for 1 lot in non-FX instruments, the calculation of minimum trading volume for such instruments is carried out with following multipliers:

I. M.Pro Accounts:

  • Registration in the Trader’s Room of MTrading;

II. M.Standard Accounts:

  • Stock CFDs — 1/1000;
  • SILVER, WIG20, [ASX200], [CAC40], [STOXX50], [DAX30], [DJI30], [FTSE100], [IBEX35] — 1/10;
  • BRENT, WTI — 1/10
  • [NQ100], [SP500] — 1/100;
  • [JP225] — 1/5.

5.5 Valid trade for required total volume calculation – a full round turn trade that complies with all three of the following criteria:

  • 1. the trade remained open at least 5 minutes 00 seconds;
    • 1. for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010;
    • 2. for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010;
    • 3. for spot metals 1 pip is equal to a price increment of 0.01;
    • 4. for indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point;
    • 5. for other instruments 1 pip is equal to Tick Size, as provided in the Contract Specifications on MTrading website.
  • 2. the profit or loss in this trade is more than 3 pips, where:
    • 1. the reversal position was opened within 15 minutes after opening the initial position;
    • 2. the volume variance between the initial and reversal position does not exceed 20%;
    • 3. the reversal position is closed within 15 minutes before or after the closing of the initial position.
  • 3. the trade was not hedged, meaning that is has to conform with ALL of the points below to be considered a hedged trade:

5.6 In case of any ambiguity or conflict or inconsistency between different translations of these Terms, the English version shall prevail.