Terms and conditions of the "Chinese New Year 2019" Bonus Wheel
"20%", "50%", "100%", "200%" Bonuses
- Every client who won any of the deposit prizes (20%, 50%, 100%, 200%) and who makes a deposit of more than $100 is eligible to request the deposit bonus.
- By requesting the deposit bonus, you acknowledge that you have read and agreed to be bound by these terms and conditions as well as to the PaxForex Trading Terms and Conditions.
- The forex deposit bonus is provided upon a client’s request after funds have been deposited and before making any trades.
- The total deposit bonus amount will be divided into equal parts and granted every month according to the following rules:
- 20% : You will get the first part directly after your request, and the second part after 31 days from receiving the first part according to the T&C;
- 50 % : You will get the first part directly after your request, and the rest of parts will be received after 31 days from receiving the previous one, 17% each month;
- 100 % : You will get the first part directly after your request, and the rest of parts will be received after 31 days from receiving the previous one, 17% each month;
- 200 % : You will get the first part directly after your request, and the rest of parts will be received after 31 days from receiving the previous one, 17% each month.
- The bonus amount will be equally deposited on a monthly basis during the following months with equal amounts each month until the total deposit amount isn’t cleared/deposited/ended.
- To receive the monthly deposit bonus, each client has to complete the following conditions:
- 31 days’ duration after a previously granted bonus;
- Trade the necessary number of lots (Monthly bonus/10);
- Equity in the trading account must not be less than the planned deposit bonus amount;
- Net deposit amount should be more than zero.
- In case the client gets stopped out, the next monthly deposit bonus will be granted after the client makes a new deposit and without completing the number of lots.
- Bonuses on follow-up deposits will accumulate with the previous monthly bonus amounts.
"Deposit $100 and get 9 times Deposit Bonus"
- 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;
If a client deposited $100, and with a $900 bonus, he now has $1000 in total.
- Calculation of Client's share participation (Ratio) = 100/1 000 = 0.1 (10%)
This means that he can withdraw 10%
For instance the client earned $500, the total amount is now $ 1,500
So he can withdraw $1,500 * 10% = $150
Company's equity = $1350
- The client deposited $100 and with a $900 bonus, he now has $1000 in total.
For instance the client deposits $1000, his total amount now is $2000
Calculating Client's share participation (Ratio) = ($ 100 + $ 1,000) / $ 2,000 = 0.55 (55%)
So he can withdraw 55%
For instance the client earned $500, the total amount is now $ 2,500
He can withdraw $ 2,500 * 55% = $ 1375
Company's equity = $1125
General rules for deposit bonuses
- The total forex deposit bonus amount on one forex account can't exceed $10,000/EUR 9,000. The maximum forex deposit bonus amount on all of the individual's forex trading accounts can't be more than $30,000/EUR28,500.
- Funds transfer between accounts is not considered as an initial deposit.
- The bonus cannot be transferred between accounts.
- The bonus amount is only for trading and cannot be withdrawn.
- Following the receipt of the deposit bonus, if the client requests for a withdrawal of funds from the account - either during or after the promotional period - or for an internal transfer of funds from one account to another, PaxForex may at its discretion decide to proportionally remove the granted deposit bonus prior to proceeding with any client's withdrawal request based on the client's profit and/or loss ratio or deposit and/or withdrawal 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 to - prior to the fulfillment of such request at its complete discretion - remove a sum which equals the previously granted deposit bonus from the client's account.
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 bonus or
- Where the Client has Received the Additional Bonus
PaxForex shall be entitled to - prior to the fulfillment of such request at its complete discretion - remove a sum which equals the additional bonus from the client's account.
If there are insufficient funds in the client's account to enable the removal of a sum equalling the bonus, PaxForex shall be entitled to remove all sums in the account.
- 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.
"Deposit without commissions" Bonus
- The bonus is activated when depositing $100.
- Upon activation of this bonus, PaxForex pays any commissions for any deposit (funding) system available at the time of payment.
"Free VPS" Bonus
- This service is provided upon depositing $100.
- Term of service is one calendar month, starting from the moment of bonus activation
"Low Spread" Bonus
- The service is provided upon depositing $500.
- After activating this bonus, a Standard account will be provided.
- The book is provided upon depositing $100.
- The choice of the book remains on the side of PaxForex.
- The book is provided electronically.
General rules of the Bonus Promotion "Chinese New Year 2019"
- For activation each new prize – client has to make a new deposit. The number of prizes that client can activate during promo period is not limited;
- You can use the prize on any day before February 19, 2019.
- To get the prize, you need to contact our Support Service.
- Inactivated prizes will be canceled after February 19, 2019.