5 Free Trades Terms & Conditions
a. Zurix Corporation Ltd. Trust Company Complex Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands provides binary options trading services via its brand and website binaryxchange.com and its billing agent.
b. The following 5 Risk Free Trades promotion terms and conditions have been structured for the Trading Bonus Binary Xchange offers, (hereinafter the ‘Bonus’), and are described in detail below. The Bonus Terms and Conditions constitute a key part of Binary Xchange’s General Terms and Conditions and should be read alongside them. The explanation of the terms included in these Bonus terms and conditions reflect those in the Company’s General Terms and Conditions, which can be found on the Company’s website www.binaryxchange.com.
2 . CONDITIONS OF ELIGIBILITY
a. The bonus can be used by those clients of the Company who are considered ‘Eligible’ according to the terms and conditions outlined hereby.
b. An ‘Eligible’ client as defined in this agreement is one who has submitted the requested KYC documents and completed the Company’s Clients Due Diligence procedures, and has consequently become approved as a client by the Company and is allowed to trade under the Company’s General Terms and Conditions.
c. Binary xChange offers the Bonus at its absolute discretion, and is thus able to make it available to Eligible clients in any countries and regions it deems appropriate, as long as the client has successfully completed the KYC and Due Diligence procedures.
d. The Bonus can only be offered once the Eligible client accepts these Terms and Conditions.
3 . TRADING BONUS
a. Become available for withdrawal should the following conditions be met: The name of the current bonus is ‘5 Risk Free Trades’ (hereinafter the ‘Bonus’). The Bonus will be offered to Eligible Clients as soon as they make their initial deposit and once they accept these terms and conditions.
b. The Bonus provides traders with the chance to open a maximum of five (5) positions which amount to their total deposit for that purpose. If any or all of the five trades result in losses, Binary Xchange will reimburse those losses with a Bonus amount equal to that which the loss incurred. The Bonus Terms and Conditions will govern the Bonus which will be given.
c. When an Eligible Client makes an initial deposit, the amount of their deposit will not be limited in any way by the terms of this Bonus Scheme and will appear as normal in the Client’s Trading Account Balance.
d. Any profits made as a result of a winning position will be added in the Eligible Client’s Trading Account Balance and will appear as usual.
e. For losing positions which are within the limit of the initial deposit amount and the limit of the maximum of five positions, losses incurred shall be deducted from the Trading Account Balance and added to the Bonus Account Balance.
f. All amounts gathered in the Bonus Account Balance shall become available for withdrawal should the following conditions be met:
1 . A minimum trading volume requirement of 40x times the Client’s refunded bonus amount is reached.
2 . It is understood that the Bonus amount cannot be in excess of the total amount deposited.
3 . It is understood that winning, as well as losing trades, also count towards the total number of 5 Free Trades.
4 . Profits credited in the Eligible Client’s Trading Account Balance, while the Eligible Client is using the positions offered under this Bonus Scheme, in addition to the Client’s own funds, can be withdrawn at any time.
|Amount invested||Outcome||Profit||Bonus credited in Bonus Balance||Available Bonus Balance for use*||Trading Account Actual Balance|
|5th position||Non applicable since the limit of the Initial Deposit of this particular client ($500), has been already reached.|
*The total amount accumulated under the Bonus Balance once the 5 trades are completed can be withdrawn subject to the x40 volume requirement within the Validity Period. This means that the Bonus Balance e.g. $400 can be withdrawn after the volume of trading reached/ completed is 40 times the amount i.e. 40 X400=16000.
4. GENERAL TERMS
If the Company discerns any indication of or suspects any form of illegal, unfair and\or abusive trading methods (including but not limited to trading behavior that indicates an attempt to benefit financially from the Trading Bonus without taking market risk and\or opening and using more than one account per client) in addition to any indication or suspicion of fraud, manipulation or a breach of the Company’s agreements, and all policies and conditions related to this Bonus, it will annul all previous bonuses credited to the account and any related accounts. In the event of such cheating, the Company reserves the right, at its sole discretion, to cancel all transactions carried out and/or profits or losses acquired therein and to block all relevant accounts.
5 . RISK DISCLOSURE
a. Eligible Clients should always make trading decisions which reflect and are consistent with their trading comfort level. The Bonus is not designed to affect or modify clients’ risk appetite or cause them to trade in a manner inconsistent with their investment.
b. Trading in the products offered by the Company carries a high degree of risk which may not be fitting for all clients. Before making the decision to trade the products offered by the Company, clients should carefully consider their investment objectives, trading experience, and risk appetite. Trading can result in the loss of a client’s entire initial investment. Clients should not move away from their typical trading strategies in order to satisfy the requirements set out in these Bonus Terms and Conditions.
c . Failure to comply with the Bonus Terms and Conditions outlined herein will result in the client becoming disqualified from any Bonus Scheme offered by the Company. However, being disqualified may have no impact on a client’s ability to trade on the Company’s trading platform and under no circumstances exposes the client to increased risk or market exposure.
d. These Bonus Terms and Conditions do not disclose or detail all of the risks associated with investing in the Company’s products. Clients are strongly advised to review the Company’s General Terms and Conditions and Risk Disclosure in their entirety. These can be found on the Company’s website www.binaryxchange.com