What is a Bonus Account?
A Bonus Account is a special account automatically created for each Client to account for Bonuses (Bonus Funds) that may be granted to the Client under various loyalty and/or bonus programs of the Company.
What are Bonus Funds?
Bonus funds (Bonuses) are funds that may be provided to the Client within the framework of various loyalty programs and/or bonus programs at the sole discretion of the Company. Bonuses may be granted in conditional (non-monetary) units or in real money. Bonuses may be withdrawable or non-removable. Withdrawable Bonus can be withdrawn by the Client to his personal account in a bank (other payment organization) and can be used for Trading Operations. A non-removable Bonus cannot be withdrawn by the Client, but can be used for Trading Operations.
How to receive bonus funds?
Bonus funds are provided in connection with the Client's special status and for participation in various loyalty/bonus programs and promotions of the Company, details of which are provided by the Company on its website, in the application or by other means.
Where can I see how much bonus funds I have?
The Client's bonus funds are reflected in the "Wallet" section (mobile), or in "My accounts".
What is the maximum amount of bonus funds I can have in my account?
The maximum amount of bonus funds cannot exceed:
For Libertex account: 20% of the total trading account balance.
For MetaTrader accounts: 30% of the total trading account balance.
Bonus funds exceeding the maximum amount are stored on the bonus account in the "Wallet" section, or in "My accounts" section.
In case the Client increases/decreases their trading account balance, the remaining amount of bonus funds available for trading is adjusted automatically at the end of the day at 21:00 GMT. Open positions are not taken into account when calculating the ratio of the Client's real funds to bonus funds.
How can bonus funds be used?
Bonuses on your account can be used to increase the margin of your trading operations.
For example, if you have $100 real funds and $20 bonus funds, you can open a trade for $120. However, keep in mind that the profit from the trade will be in real money. The profit made can be withdrawn or used to open other trades. If you have a trading loss, this can affect the bonus funds. In case of a trading loss, the real funds will be debited first and then the bonus funds.
What are the restrictions on the use of bonus funds?
The Company reserves the right at its discretion to terminate bonus funds at any time and without prior notice (for example, when the total loss of the Client's open trades exceeds the amount of real funds on his trading account). The Company disclaims any responsibility for losses that the Client may incur due to the termination of bonus funds. Clients are strongly advised to check their own account balance to avoid closing Stop-Out positions.
What is the validity period of bonus funds?
Bonus funds have a limited validity period. It depends on the program under which the bonuses are issued (bonus program, individual offer from the Company, etc.). The minimum period of validity of bonus funds is 30 days from the moment of their issue. After the expiration date of the bonuses, they are deducted from the Clients' accounts: from the bonus account and trading account. If the Client's Account is inactive for 30 calendar days (i.e. no trading or open positions), the Company reserves the right to terminate all available bonus funds on the Client's accounts.