The bonus is accrued on a separate special account (Mini type). PaxForex multiplies your deposit up to 9 times.
The first deposit is limited to $1000;
The bonus can be received only one time - at the first funding of the account - and at the same time, the client's account will be credited with his funds - including the bonus - to the account nine times more than the deposit.
Subsequent deposits will be credited without bonuses;
Other bonuses do not apply to this account.
The account will be closed if the equity = <100 USD, while 10% of the rest of the balance will be transferred to a standard account.
The Client can withdraw any amount in accordance with the Client's share participation;
Calculation of the Client's share participation Ratio: (Client's funds) / [(Client's funds) + (Company’s funds)];
During withdrawing of any amount, the Company’s part is also deducted in accordance with the calculation of the Company's share participation;
Calculation of the Company's share participation Ratio: (Company’s Funds) / [(Client's Funds) + (Company’s Funds)];
When withdrawing of any amount from the account, both parties’ shares are deducted;
When addition funds deposited after making a profit, the share of the company is deducted from profit and the coefficient of the Client's share participation is recalculated;
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-mails and names by one account holder to receive multiple bonuses from PaxForex is strictly prohibited and will lead to the cancelation of the entire bonus program for the registered account holder while his 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 sent back to the account holder by the same means the deposit was made, and a permanent ban will be issued.
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 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 a trade assignment bonus, any profit will be held in the account until the client completes the required 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.
Any completed trading transactions with the 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 loss 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 canceled 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 usage of the PaxForex website and its services, you will accept any of such modified terms.
Our management will resolve any dispute or situation not covered by these Promotion Terms in a manner it deems to be the fairest to all parties 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.