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"Best rate withdrawal" Terms & Conditions

Overview

“Best rate withdrawal” promo is a loyalty program (hereafter “Best rate withdrawal”) for all MTrading clients. The Participant should meet the trading volume requirements to get a “Best rate withdrawal” prize which will allow the Participant to withdraw funds from his Trader’s Room based on the special rate. Best rate withdrawal status bar presented in the Trader’s Room helps tracking the remaining number of lots to trade. Please see the detailed terms below.

General terms

  1. Best rate withdrawal is offered by Finvest Solutions Limited (the Company) to its Clients under the following Terms.
  2. By applying for the Best rate withdrawal participation, the Client acknowledges that he or she has read and agreed to be bound by the Terms and Conditions as well as the Company Terms and Conditions.
  3. Best rate withdrawal is available in India only.
  4. Best rate withdrawal is applicable to the Clients with the verified Trader’s Room only.
  5. Best rate withdrawal is applicable to M.Premium accounts only.
  6. Information on minimum required trading volume is presented in the campaign progress bar in the Trader's Room.

How to activate participation in Best rate withdrawal

To participate in Best rate withdrawal, the client should click on the button “Participate” in Trader’s Room promotions. Deposit the minimum required amount or more, If there is a requirement to do so. Cumulative deposit amount including all accounts and wallet are counted. Once the deposit request status changes to “Completed”, participation will be automatically activated. Several Best rate withdrawal campaigns can be represented in the Trader's Room at one time. The Client can choose which campaign to participate in. Participation in one campaign per time is allowed. Participation can be canceled via “Cancel Bonus” button in the Trader's Room. The Campaign progress banner will clearly indicate the campaign's active period and provide details about the campaign.

How to claim the Prize

  1. To unlock the Best rate withdrawal prize participants must complete the required trading volume requirements within the campaign period. The minimum trading volume required for each campaign can vary.
  2. Upon completing the required trading volume, participants will receive a notification announcing the successful unlocking of the Best rate withdrawal prize.
  3. One Best rate withdrawal prize can be applied to a withdrawal request only once. The Participant can use it as per his/her decision.
  4. Maximum withdrawal amount on which Best rate withdrawal can be applied is 500 USD.
  5. The Participant can collect several Best rate withdrawal prizes simultaneously. Total quantity of available withdrawals will be shown in the Withdrawal page.
  6. Best rate withdrawal prizes have no expiration date and can be withdrawn at any time.

Miscellaneous

  1. At all times, Finvest Solutions Limited reserves the right to amend, change or cancel this promotion without any prior notice to current or prospective promotion participants.
  2. If the Company 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 any credited funds from company side, 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).
  3. Trading in the and CFD markets entails significant risk. Participation in the 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 and CFD markets.
  4. In case of any ambiguity or conflict or inconsistency between different translations of these Terms, the English version shall prevail.
  5. In case of additional questions related to the Promotion, Participants may contact MTrading at support@mtrading.com or contact their personal account-manager.

Definitions

“Company” – The Finvest Solutions Limited (“Finvest Solutions Limited”), registered at Unit 5, Long Stone House, PO box 1200, Main street, Charlestown, Nevis.

“Participant” – An M.Premium Account user who applied for the Best rate withdrawal through the Trader’s Room.

“Best rate withdrawal prize” – A possibility for the Participant to withdraw the funds from his account at a special market rate. The specific withdrawal rate will be displayed in the campaign banner and its details page.

“Minimum trading volume requirement” – The total volume required to trade before the client can receive the prize from the Promotion. Trading volume is calculated in lots. Traded volume in lots can be checked by the Participant in the Trader’s Room by following progress on a special dashboard. Traded volume in lots counted as 1 lot = 100,000 USD Dashboard shows required volume in lots to be traded and current number of lots traded.

“Valid trade for the 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 3 minutes 00 seconds;
  2. The profit or loss in this trade is more than 3 pips, where:
  • For instruments quoted to the 5th digit following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010;
  • For instruments quoted to the 3rd digit following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010;
  • For spot metals 1 pip is equal to a price increment of 0.01;
  • For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point;
  • For other instruments 1 pip is equal to Tick Size, as provided in the Contract Specifications on MTrading website.

3. The trade was not hedged, meaning that is has to conform with ALL of the points below to be considered a hedged trade:

  • The reversal position was opened within 15 minutes after opening the initial position;
  • The volume variance between the initial and reversal position does not exceed 20%;
  • The reversal position is closed within 15 minutes before or after the closing of the initial position.