Terms and conditions
Promotion period - December 15th 2014 - January 18th 2015
- Every client that makes a Forex deposit is eligible to request up to 100% deposit bonus on initial deposit and on every following consecutive Net Deposit. The table below illustrates the Forex Deposit Bonus amount per Forex deposit volume.
|100 - 499||25%|
|500 - 6000||100%|
|above 6000||$6 000|
- The Forex Deposit Bonus is provided upon clients' request after funds have been deposited and before making any trade.
- The total Forex Deposit Bonus amount on one Forex account can’t exceed $6000/EUR 4800. Maximum Forex Deposit Bonus amount on all of the individual forex client’s accounts can’t be more than $15,000/EUR10,500
- Funds transfers between accounts are not considered as initial deposit.
- The bonus cannot be transfer between accounts
- PaxForex bonuses are limited to only one bonus per registered e-mail address as well as IP address and account holder. The creation of multiple accounts under different e-mail and names by one account holder in order to receive multiple bonuses from PaxForex is strictly prohibited and will lead to the cancellation of the entire bonus program for the registered account holder and the account while assets will be kept to offset fraudulent activity which resulted in losses to the company. Excess funds, if any are available after losses have been recovered, will be send back to the account holder by the same mean the deposit was made and a permanent ban will be issued.
- The bonus amount is only for trading and cannot be withdraw.
- Any indication or suspicion of fraud, manipulation, pip hunting, pip mining, scalping, bonus hedging, cash-back arbitrage, or other forms of deceitful or fraudulent activity in an Eligible Client’s live Account(s) with PaxForex or otherwise related or connected to a Credit Bonus will nullify all previously credited bonuses of the Eligible Client’s live Accounts with PaxForex and/or any and all transactions carried and/or profits or losses garnered therein. In these circumstances, PaxForex reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Eligible Client’s live Accounts with PaxForex, cancel all orders and annul all profits of such participant or assign to trade 0.5 standard lots per $1 received bonus amount. In case of trade assignment bonus and profit will be hold on the account until client complete the lots. In these circumstances, PaxForex shall not be liable for any consequences of the bonus cancelation, including, but not limited to, order(s) closure by Stop Out.
- Following receipt of the Deposit Bonus, if the Client requests, either during or after the promotional period, a withdrawal of funds from his account (or requests an internal transfer of funds from one account to another), PaxForex may at its discretion decide to remove, proportionally, the granted Deposit Bonus prior to proceeding with any Client’s withdrawal request based on the Client’s profit and/or loss ratio. In the alternative, PaxForex has the discretion to implement the following options:
- (where the Client has not received the Additional Bonus) PaxForex shall be entitled, prior to the fulfillment of such request, at its complete discretion, to remove from the Client's account a sum which equals the Deposit Bonus previously granted.If there are insufficient funds in the Client's account to enable the removal of a sum equaling the Deposit Bonus, PaxForex shall be entitled to remove all sums in the account; or
- (where the Client has received the Additional Bonus) PaxForex shall be entitled prior to the fulfillment of such request, at its complete discretion, to remove from the Client's account a sum which equals the Additional Bonus.If there are insufficient funds in the Client's account to enable the removal of a sum equaling the Additional Bonus, PaxForex shall be entitled to remove all sums in the account.
- A client has a right to decline the FOREX Deposit Bonus Promotional of PaxForex. In this case (s)he can withdraw sums from his/her account without any limitations and restrictions, and the FOREX Deposit Bonus and Profit will be written off the account.
- Once a bonus account conditions have been fully met and fulfilled, profit are free from any limitations.
- Any completed trading transactions with duration of five (5) minutes or less will not be included in the lots calculation. Duration is considered the time between the opening and closing of a position.
- All positions that were closed on the platform using the functions “close by” and “multiple close by” will not be included in the Lots calculation.
- All positions closed with a profit or a loss of less than one (1) maximum spread will not be included in the lots calculation.
- This promotion can be cancelled at the discretion of the company and will remain in effect for as long as the company sees fit to provide it based on the terms and conditions outlined here and in the customer agreement.
- PaxForex may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the PaxForex website.
- PaxForex advises you to revise these Promotion Terms regularly, and by your continued use of the PaxForex website and services that you accept any such modified terms.
Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. If these Promotion Terms are translated into a language other than English, then the English version of the Rules will be prevailing.