Forex/CFDs Bonuses Policy
Forex/CFDs Bonuses Policy
Lead Capital Corp (the “Company”) may elect to grant a benefit to Clients by depositing bonus amounts in the Client's trading account, subject to terms and conditions as set out by the Company, at its sole discretion as described below.
Such bonus amounts may not be withdrawn by the Client, unless the Client complies with the applicable trading requirements as may be amended from time to time or as communicated to the Client.
- How to qualify
To qualify for any of the Company’s bonus promotions, the client must;
- be a new client of Lead Capital Corp Limited (“LCC”);
- the account should be approved by the LCC;
- Have accepted the bonus and all the Bonuses Terms and Conditions
Clients will be required to accept the Bonus Terms and Conditions. Upon the fulfillment of all conditions, the bonus will be automatically applied to the trading account within one (1) business day.
If a client does not wish to receive the bonus or cancel it, they may notify the Customer Support Department of their wish via email to the email address provided by their trading platform.
- Welcome Bonus
A welcome bonus of $50 is available for each client who opens an account with the Company and undergoes verification and becomes fully compliant. The Bonus is immediately available for trading and does not depend on deposits. The client can withdraw only the profit produced from the bonus and deposit. Example – client deposits $100 and get $50 bonus, they make $12.5 profit, and can withdraw $112.5 (upon withdrawal the bonus is removed). The Bonus expires after one month.
Clients will be able to receive the welcome bonus as soon as they complete the registration and compliance, except for Clients residing in Restricted Jurisdictions mentioned in the Retail Client Agreement and also in any of the following jurisdictions:
Algeria, Anguilla, Azerbaijan, Bahamas, Bangladesh, Bermuda, Bhutan, Bolivia, British Indian Ocean Territory, Brunei Darussalam, Burundi, Canada, Cambodia, Cameroon, Central African Republic, Chad, Colombia, Comoros, Djibouti, Dominica, Dominican Republic, Egypt, Equatorial Guinea, Ethiopia, Faroe Island, Gabon, Gambia, Grenada, Guinea, Guinea Bissau, India, Indonesia, Jersey, Kenya, Korea North, Korea South, Kyrgyzstan, Lao people Democratic Republic, Lebanon, Lesotho, Liberia, Libya, Macao, Madagascar, Malawi, Marshal Islands, Mayotte, Mongolia, Morocco, Mozambique, Namibia, Niger, Nigeria, Pakistan, Philippines, Russian Federation, Rwanda, Saint Kitts and Nevis, Saint Lucia, Samoa, Sao Tome and Principe, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Suriname, Tajikistan, United Republic of Tanzania, Togo, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Ukraine, United States, Uzbekistan, Vietnam, Zambia, Zimbabwe
- First time Deposit bonus
First-Time Deposit bonus will be available when the client is fully registered, and the client have deposited for the first time the minimum amount. The client will be able to trade the bonus only after he/she have traded with the deposit. The client will automatically accrue the bonus to the equity according to the table provided in document provided to the client. He/She can withdraw the bonus only if the trading volume required for the entire amount of the bonus granted has been reached ($20,000 in volume round trip for every one dollar of bonus). All this needs to happen in 30 days.
|First-Time Deposit bonus
- Pending Bonus
Pending Bonus available when the client reaches a set number of points in a predefined period. The Bonus cannot be withdrawn until the Criteria, for pending bonuses below have been met:
- To be eligible to withdraw the bonus the client must generate the required trading points as follows:
Required Trading Points = (USD Amount of Order/1000) X Coefficient of the instrument traded
- The trading points requirement must be achieved within the given timeframe from the Company
The bonus is in “pending” status until the client reaches the required number of points within the predetermined time frame. The points are allocated only after the client have accepted the Terms and Conditions. Once the number of points required within the set time frame is reached, then the bonus is added to the account balance without any restrictions.
$1,000 (per table above)
$1,000 (per table above)
Account Balance After Bonus:
- Trading losses
If the client sustain trading losses in their account, those losses will be firstly deducted from their deposit. This also applies if they make further deposits after they have received the bonus.
If funds are withdrawn prior to meeting the Criteria the bonus will be removed. For the avoidance of any doubt, profits accumulated from own funds or accrued from the use of the bonus are withdrawable in full amount.
Where the client have incurred losses upon making a withdrawal request and prior to meeting the Criteria, all losses will firstly be applied to the deposited funds and the remaining balance excluding the bonus will be available for withdrawal.
- Removal of bonus
If the client does not meet the volume criteria described within the Timeframe in 4, LCC reserves the right to remove the bonus, or such proportion as is available for removal, without providing any notice to the Client.
- Client’s access to information
The client will be able to identify at any time his/her Withdrawable Equity, Bonuses Balance and the days available until the Timeframe expires.
If the account balance reaches zero, the Criteria will cease to apply, and normal trading protocol will take effect.
- Additional bonus
From time to time, the Company may offer additional bonus promotions, which will be offered to the client based on certain pre-defined criteria and at the Company’s sole discretion. If the client is eligible to receive such bonus, a relevant email notification will be sent to notify the client.
- Criteria for additional bonus
The relevant bonus becomes available for withdrawal as soon as the client satisfies the required minimum trading volumes determined in the bonus procedure made available to the client. If the client is participating in more than one bonus promotions simultaneously, the Criteria operate as follows:
- trades placed following receipt of the bonus are allocated towards the withdrawal Criteria that relates to the specific bonus until completely fulfilled;
- subsequent trades will be allocated to any other bonus criteria once the initial Bonus Criteria have been met in full. Bonus withdrawal criteria are therefore met in chronological order. This principle applies regardless of the number of offers or bonuses the client may be participating in simultaneously.
- Subsequent deposits
If the Client make any additional deposits while participating in a bonus offer, subsequent deposits will not count towards the Criteria for already received bonuses.
The bonus and any other bonuses will be immediately revoked from Clients who appear to be in abuse of the spirit of this offer. The Company reserves the right to cancel/remove a bonus at any time in case of any suspected abuse of the offer.
“Abuse” and “Abusive Behaviour” includes, but is not limited to:
- the opening of multiple accounts to claim multiple bonuses,
- removing funds after the bonus has been credited
- the Client by himself or in collusion with others behaving in a manner that may be deemed that the sole intention is to extract the bonus,
- trading activity patterns that suggest fraud, manipulation, cash-back arbitrage or attempts to garner risk free profits by making use of the bonus.
Further, where any single term of the bonus offer is breached or where there is any reasonable suspicion by LCC that a Client has acted fraudulently or has obtained an unfair or unintended advantage, LCC reserves the right to cancel any attempted withdrawal of profits, temporarily or permanently close or suspend the account(s) that have been deemed abusive, cancel any orders and all profits. Under these circumstances LCC shall not be held liable for any consequences of bonus cancellation, including but not limited to cancellation of orders and closure of positions.
- Verification of accounts
For the avoidance of any misunderstanding of the bonus policy the Company shall verify that no withdrawal has occurred during the period after the bonus has been granted until the first trade has been logged in. Therefore the Company reserves the right to check the client’s account balance at any time after the bonus has been credited.
When the client logs in his first trade, a final balance check will be triggered and in case any amount has been debited until then, the Company reserves the right to act in accordance with paragraph 13.
LCC is the sole arbiter of these Bonus Terms and Conditions and any other issue arising under this promotion. Exceptions to these are at the sole discretion of LCC’s management, and any decisions to this effect are final. LCC reserves the right to amend, withdraw or restrict this offer at any time without any notice to the Client.
- Liability for losses
LCC will not be held liable for any losses incurred by the client because of its trading in relation to this offer. The clients must be advised that there is a substantial risk that they may lose all their initial investment.
Refer a Friend Award
The Refer a Friend (“RAF”) program allows an existing client (the "Referrer") to encourage friends ("Friends") to sign up for an account (the "Promotion"). By participating in the Refer a Friend program, the Referrer acknowledge that they have read, understood, and agree to be bound by the RAF Rules.
Eligibility: The Offer is only available to Lead Capital Corp (the “Company”) clients referring Friends who have never held an account with any of the brands of the Company. A client cannot refer themselves and they can only refer a person once. The referrer must complete the full registration process and make a minimum deposit of at least 100 USD
Award: For each of the clients Friends that participates in the Promotion under this program, the Company will credit the Referrer trading account based on the following schedule:
The referrer will be able to trade the bonus only after they have traded with their deposit. He/She can withdraw the profit made from the bonus ($20,000 in volume for every one dollar of bonus), only if the trading volume required for the entire amount of the bonus granted has been reached. All this needs to happen in 30 days.
Conditions: The Friend must be over 18 years old and the “Referrer” must believe he or she would like to be contacted by the Company.
To receive the Bonus, the Friend must deposit the minimum amount quoted The Promotion is intended for trading with the brands of the Company and we reserve the right to exclude the client from the scheme and deny payments in cases of promotion abuse or if the client does not meet the Company’s account opening procedures.
This offer cannot be used in conjunction with any other promotional offer. The Company reserves the right to disapprove of a referral account if it determines that any of the following conditions apply;
- the referred client is a pre-existing client
- the account is managed by a third party
- the referred client is an immediate family member
- the account is referred by an introducing broker
- the referred client did not come from the relevant link on the websites
Persons who may be referred: The client may only refer this Promotion to individuals with whom they have a personal or business relationship and whom it is believed would like to receive the Promotion.
Without limiting the generality of the foregoing, a client may not submit for referral;
- group email addresses
- email mailing lists, or
A "Friend" will only be deemed to have participated in the "Promotion" for the purposes of these Program Rules at the time that he or she receives approval for the account application, funds their account with the amount quoted (or the same amount in base currencies) and completes the required trades.
Currency: All amounts will be paid in the base currency in which the account is held.
Bonus Disclaimer: Bonuses are offered exclusively based on the management’s discretion. While bonuses have some advantages, the client do not have to accept them. Bonuses require a trading turnover which might be beyond the clients reach. They will be advised not to accept any bonuses unless they understand Bonus Terms and Conditions and they are committed to trading over a long period.