Terms and Conditions
Introduction
Marketfinancials Ltd (hereinafter the “Company”), is a registered investment firm, licensed and regulated regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence No. SD006.
The bkfx bonus scheme, hereinafter the “Trading Bonus Scheme”, Terms and Conditions are an integral part of the “bkfx Terms and Conditions” and the provisions set herein are considered as an annex of all “bkfx Terms and Conditions”.
Conditions of Eligibility
Subject to, and without prejudice to all other Business Terms and Policies, the offer is available to the Company’s Clients who have satisfied the Eligibility Criteria for the offer (“Eligible Clients”) as set out in the sections following hereinafter.
The Trading Bonus Scheme may be offered by the Company from time to time to clients who open real trading accounts with the Company (Shares trading accounts are not eligible to participate in the Trading Bonus Scheme), in cases where such clients are referred to the Company via specific websites and/or social network sites in the context of certain specific promotions, and/or surveys that the Company may be running from time to time on such specific websites and/or social network sites.
The Company, at its absolute discretion, offers the Trading Bonus Scheme to any Client(s) and/or any countries/regions as it deems appropriate and for as long as the Company deems to provide it.
Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the Trading Bonus Scheme. Without limiting the foregoing, participation in the Trading Bonus Scheme is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence (“minors”). If you are a minor, you may not participate in the Trading Bonus Scheme.
Participation of “Intermediaries/Related Parties” in the Trading Bonus Scheme is prohibited. If the registration and/or trading data of a participant in the Trading Bonus Scheme corresponds with the registration and/or trading information, including but not limited to IP address, of another participant in the Trading Bonus Scheme, the Company reserves the right to regard this matching as a reason for immediate disqualification. For the purposes hereof, the term “Intermediary(ies)/Related Party(ies)”, when used in these Terms & Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any participant in the Trading Bonus Scheme, including, without limitation:
a) family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral descendants;
b) person or entity, whom any participant in the Trading Bonus Scheme, directly or indirectly through one or more intermediaries, controls, or whom, directly or indirectly, through one or more intermediaries, is controlled by, or is under common control with any participant in the Trading Bonus Scheme; for purposes of this definition, the term “control” (including, with correlative meaning, the terms “controlled by“ and “under common control with”), as used with respect to any participant in the Trading Bonus Scheme, shall mean the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.
Similarly, persons associated in any manner whatsoever with the Company and/or with the specific websites and/or social network sites on which the Company may be running from time to time certain specific promotions, contests and/or surveys, in the context of which access to the Trading Bonus Scheme is offered, are not allowed to participate in the offer.
Specific Trading Bonus Scheme Terms
Eligible Clients, who meet the criteria set forth herein are able to receive trading bonuses equal to 30% of the amount of deposit up to EUR5,000 or USD5,000 depending on the base currency of the trading account.
This Trading Bonus Scheme applies only to new clients of the Company.
All Eligible Clients are permitted to hold only one (1) Trading Bonus Account per one (1) unique IP address. Multiple registrations from the same IP are not permitted nor multiple “Trading Bonus” Accounts registered with same personal details.
In order to be eligible to withdraw the bonus, a client must execute a minimum trading volume of $10,000 for every 1 bonus dollar ($1). For example: if a client receives a bonus of $100, the client will need to have a minimum trading volume of $1,000,000 in order to be able to withdraw the bonus. The client’s trading volume will start counting towards the trading volume requirement for bonus withdrawal from the date the client receives the bonus.
The Company does not wish to restrict an Eligible Client’s account during the period in which the client has not met trading volume requirements related to the bonus offered. Therefore, it should be noted that if a client requests a withdrawal during this period, the full bonus amount, including profits generated from the said bonus, will be forfeited. In such a case, the bonus amount will be deducted from your remaining account balance. The client will then be able to manage the remaining balance in the account freely.
Clients (Shares trading accounts are not eligible to participate in the Trading Bonus Scheme) in accordance with the rules set forth herein cannot make transfers between live trading accounts with the Company.
Any profits generated from the utilization of the Trading Bonus are available for withdrawal as per our withdrawal procedure.
General Terms
Please note that it may take up to 24 hours before any bonus is added to the account of an Eligible Client who meets all of the criteria set forth herein.
The Trading Bonus Scheme applies to all clients who open a real Account with the Company in accordance with the rules set herein.
Any withdrawal of funds from an Eligible Client’s real Account with the Company will cause the removal of the previously awarded trading bonus(es) proportionally to the percentage of the requested amount of the withdrawal from the respective Eligible Client’s real Account with the Company.
Any bonuses, promotions and benefits that are provided by the Company or any trading account are held under the Company’s terms and conditions and can be viewed there for more details. Should the Company under any circumstance suspect any wrong doing or deception, the Company reserves the right to cancel bonuses, promotions or benefits that have been provided or are supposed to be provided to the specified trading account. The decision whether to offer a bonus to a prospective/potential client is clearly and indisputably at the Company’s absolute and unreserved discretion.
If the balance turns negative, the balance is zeroed and the credit/bonus also zeros.
If the losses exceed the available balance (client’s funds), the balance (client’s funds) will reach zero and further losses will be deducted from the bonus amount. Then (if the required bonus trading volume is not reached) the rest of the remaining bonus will be automatically removed from the equity of the account as soon as the position/s is/are closed (either by the client or automatically due to the fall of the margin level under 50%).
The acceptance to the reception of the bonus and its insertion to the Eligible Client’s account, binds the client to the bonus’s terms and conditions above and hereinafter. After the bonus is injected to the client’s account, it cannot be retracted and/or removed under any circumstances.
Customers are prohibited from opening multiple accounts with the Company for the sole purpose of enjoying more than one Bonus. In such cases the Company shall retain any Bonus rewarded to the Customer, any earnings will be forfeited, and any amount deposited by the Customer to the Account will be returned to the Customer accordingly.
The Customer is not required to accept any Bonus offered by the Company; all Bonuses are optional. The Customer may choose not to accept a Bonus. In these circumstances, the Customer will not be bound to the terms relating to Bonuses.
Should the Customer mistakenly accept a Bonus, the Customer shall not trade on the Account and notify the Customer Support within 5 working days from mistakenly accepting the Bonus. In such circumstances, the Company will remove the Bonus from the Customer’s account and the Customer shall not be held to the Bonus terms.
Warning:
Trading on CFDs involves a high level of risk, including full loss of your trading funds. Before proceeding to trade, you must understand all risks involved and acknowledge your trading limits, bearing in mind the level of awareness in the financial markets, trading experience, economic capabilities and other aspects.
Disclaimer:
Any views or opinions presented in this article are solely those of the author and do not necessarily represent those of the Company, unless otherwise specifically stated. The Company may provide the general commentary which is not intended as an investment advice and must not be construed as such. Seek advice from a separate financial advisor. The Company assumes no liability for errors, inaccuracies or omissions, inaccuracies or incompleteness of information, texts, graphics, links or other items contained within these materials. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.