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Bonus and Promotions Terms

Note: The English version of this agreement is the governing version and shall prevail in the event of any discrepancy between the English version and the other versions.

Stockpair is a brand name of Nextrade Worldwide Ltd (“the Company”), authorised and regulated by the Cyprus Securities and Exchange Commission ("CySEC"), under authorisation number CIF 229/14. The registered office of the Company is situated at No 3. Pythagoras Street, Pythagoras Court, 4th Floor, 3027 Limassol, Cyprus.

The updated Bonus and Promotion Terms are applicable to all bonuses received after the 6th November 2016. Any Bonus or Promotion received prior to this date are subject to the Bonus and Promotions Terms which were applicable at that time.

PLEASE READ ALL TERMS & CONDITIONS BELOW BEFORE ACCEPTING A BONUS. YOU ARE NOT REQUIRED TO ACCEPT A BONUS. BY ACCEPTING A BONUS, YOU ARE AGREEING TO THE TERMS AND CONDITIONS BELOW AND CONSENT TO REGARD ALL INFORMATION AND ACCEPTANCE THROUGH THE WEBSITE AS A DURABLE MEDIUM.

Notice: Stockpair reserves the right to suspend, cancel or terminate a bonus or any aspect of a bonus, at any time and without any prior notice where the terms of use have failed to have been met and/or where any kind of abuse, manipulation or fraud of any sort has taken place. Under no circumstances shall Stockpair be liable for any consequences of any suspension, cancelation or termination of a bonus Stockpair reserves the right to amend a bonus for any other reason other than the above, in this event, prior notice will be provided and you may choose to continue or cancel without any cost/deduction for failure to meeting the terms of the bonus. A bonus is for a limited time per registered client and shall be credited to a client’s account subject to compliance with these terms and any other additional terms included in an offer. In every bonus in which a trade volume is required, the trade volume on floating pair options will not be counted as eligible trade volume. Any bonus or promotional offer provided by the Company shall be subject to the main Terms & Conditions



The decision whether to offer a bonus to a client/potential client is at the discretion of the Company. The Company shall take into consideration any information you provide during the application process, which includes, but is not limited to, your financial situation and your trading experience.

A bonus may require a minimum deposit to be made and/or a minimum trading volume to be reached during the bonus period to be eligible Trading Volume shall mean the aggregate sum of the transactions that a trader must reach in order for a bonus to be eligible and will be calculated according to the asset traded, as appears below in the volume calculation rules.

Bonus funds would not be eligible to use in CFD trading.

Multiple Bonuses

Where multiple bonuses are active, the volume requirement is calculated one bonus at a time, from the earliest to the most recent bonus.


The types of bonuses available to a client includes:

Pending Bonus

Unless mentioned otherwise in the terms of the offer, the bonus will be received as “pending”, and will be added to the client account after executing a trade volume (For explanation how the volume is calculated see Volume Requirement Rules) of 40 times the value of the bonus or as appears in the “bonus” section of the client account. The volume must be reached during a period of 45 days after the bonus is granted or as specifically appears in the “bonus” section of the client account. The client is eligible to withdraw the free balance in his account at any point in time, subject to the general Terms and Conditions, without changing the pending bonus.

See Examples below

Trading Bonus

A Trading bonus is a bonus added to the total balance of the client account and is redeemable only once a minimum trading volume of 40 times the value of the bonus has been executed or as appears in the “bonus” section of the client account (also called Trading Volume Requirement. For explanation how the volume is calculated see Volume Requirement Rules.

Trading Bonuses are calculated using a symmetrical method, in which the allocation of profits, losses and investment amounts for each position that occurs in accounts with an active trading bonus, is done per the proportional value of the bonuses. For the sake of clarification, please consider the following terms: “Total Balance of the Account” refers to the overall balance of the account with which the client can open trades. “Account Total Bonus Balance” refers to the portion of the balance of the account that is unavailable for withdrawal until the minimum trading volume is achieved. This amount includes the Active Bonuses and their proportional value of trading profits and losses and open positions. “Account Free Balance” refers to the portion of the total balance of your account that is available for withdrawal at any time and is equal to the total balance minus the total bonus balance. “Account Summary” shall refer to the “My Account” section of the Trading Platform where a Client can see the “Account Free Balance” and “Account Bonus Balance”. “Active Bonus” shall refer to a trading benefit of a specific bonus amount that is deposited into a trading account that has a minimum trading volume requirement, which is agreed upon between the Company and the Client. “Balance for Withdrawal” shall mean "Account Free Balance". “Required Trading Volume” shall refer to the volume of trades (see volume calculation rules) that the Client must execute to convert a bonus into free balance. “Open Positions” shall mean any open option contract which has not been closed. “Proportional Value” is calculated by dividing the account bonus balance by the total balance to determine the percentage of a certain bonus in an invested amount , profits and losses of a position that was opened while the bonus is active. Examples of trading bonus calculations and proportional value can be found below. For clarification, in case of multiple active bonuses each bonus will be treated separately to reflect accurately the symmetrical method.

Withdrawal requests while a bonus is active
The Company does not wish to restrict your account during the period in which you have not met trading volume requirements related to your bonus. Thus, if you request a withdrawal prior to achieving the minimum trading volume requirement, the full amount of an/all active bonuses will be deducted from the account balance of your account along with trading Profit/Losses connected to the bonus issued by the Company, in accordance with the Company’s proportionate bonus calculations. The balance which is available for withdrawal is always displayed in the My Account reports section.

In the case of a withdrawal before bonus volume is reached – if there is an open position in which the invested amount includes the bonus, the position will remain open and at expiry, the settlement will exclude the bonus money and related profits/losses in that position.

Note : Trading Bonus funds cannot be used to open trades in Forex until the trading volume requirement has been achieved.

See Examples below

“Insurance” promotion

An “Insurance Promotion” enables a client to trade during a certain period (“Insurance Duration”) and should, during that period, the trading activity result in losses, an amount equal to the losses incurred and only up to the amount indicated in the promotion, (Insurance Value) will be added to the free balance as a trading bonus (all Trading Bonus terms apply) once only by the end of that period.

For the benefit of a client, in cases where the free balance of the account shall be lower than the amount required to open a trade and the losses of the client will amount to a sum close to the insurance value, the Company may, at its sole discretion, add the bonus before the end of the period.

Free Trades/ Risk Free promotion

A “Free Trades” Promotion enables a client to execute a certain number of trades in a certain amount as defined in the promotion. For each of these trades that has ended Out of The Money, the client will receive a trading bonus (all Trading Bonus terms apply) which shall be added to the client's free balance. The Free Trades (or Risk Free trades) will always be based on the first trades that were executed after activation of the promotion or after a transfer of funds by the client to the client's account for which the promotion was received.

Volume Requirements Rules

  1. Volume requirements are standardly set at 40 times the bonus value for Binary trades and 50 times the bonus value for Forex trades. For example, if a $30 bonus is granted, a trader must complete a total of $1,200 Binary trades or $1,500 Forex trades before the bonus and profit associated with the bonus is available for withdrawal.
  2. For Forex trades the required amount attributed to a trade is calculated as follows: Initial Investment Amount x Trade Leverage / 500.CFD
  3. Trading in Floating Pair Options will not be included in any volume calculations towards any promotion

CashBack

To be eligible to benefit from this bonus the minimum balance for the cashback per the client's plan must be reached during the last 7 trading days of the month by ensuring that the balance of the account does not fall below the minimum required.

The cashback will be reversed if the client withdraws from the account in the first 30 days after receiving the cashback any amount that would have disqualified the client from receiving the cashback had it been performed before the end of the month.

Volume calculations for receiving Cashback will be based on the Volume Calculation Rules and will not include any volume calculated towards other promotions and bonuses.

In addition, trading both a CALL option and a PUT option on the same asset and at the same expiration time would be considered as a single trade.

Bonus Examples

Examples below are provided for illustration purposes only. Trading volume should be reviewed via the My Account settings under the Trade History report.


Proportional Trading Volume Example 1 – One Deposit + One Bonus.
In the example below, the Client deposits 5000 and agrees to a 1000 Bonus with a Trading Volume Requirement of 40x. The client executes 3 orders. As per the chart below, the client will be eligible to withdraw 5,158, which includes his initial deposit of 5,000 plus 158 in profit, since there is Minimum Trading Volume of 40,000 that was not achieved yet.

Transaction Type Amount Total Account Balance Account Bonus Balance Account Withdrawable Balance Proportional Value Minimum Trading Volume Volume of Trades Remaining Volume Balance
Deposit 5000 5000 0 5000        
Bonus 1000 6000 1000 5000 17% 40000    
Open Trade 1 -100 5900 983 4917 17%   0 40000
Open Trade 1 ITM 170 6070 1012 5058 17%   -100 39900
Open Trade 2 -600 5470 912 4558 17%   0 39900
Open Trade 2 ITM 1020 6490 1082 5408 17%   -600 39300
Open Trade 3 -300 6190 1032 5158 17%   0 39300
Open Trade 3 OTM 0 6190 1032 5158 17%   -300 39000


Proportional Trading Volume Example 2 – One Deposit + One Bonus, Withdrawal before minimum volume achieved.
In the example below, the client deposits 5000 and agrees to a 1000 bonus on a deposit with a Trading Volume Requirement of 40x. The client executed 3 orders. The client requests a withdrawal of 5100 before completing the minimum required volume. The active bonus will be cancelled as well as all attributed profits and losses, per the proportional value. Following these transactions, the client's withdrawable balance is 58 , and he can trade or withdraw this amount.

Transaction Type Amount Total Account Balance Account Bonus Balance Account Withdrawable Balance Proportional Value Minimum Trading Volume Volume of Trades Remaining Volume Balance
Deposit 5000 5000 0 5000        
Bonus 1000 6000 1000 5000 17% 40000    
Open Trade 1 -100 5900 983 4917 17%   0 40000
Open Trade 1 ITM 170 6070 1012 5058 17%   -100 39900
Open Trade 2 -600 5470 912 4558 17%   0 39900
Open Trade 2 ITM 1020 6490 1082 5408 17%   -600 39300
Open Trade 3 -300 6190 1032 5158 17%   0 39300
Open Trade 3 OTM 0 6190 1032 5158 17%   -300 39000
Withdrawal -5100 1090 1032 58 95%      
Bonus cancelled -1032 58 0 58 0%     0


Proportional Trading Volume Example 3 – Trading Volume Achieved.

In the example below, the client deposited 4000 and agreed to a 1000 Bonus with a Trading Volume Requirement of 40x. The client executed trades at a volume of 39,700 and reached a total account balance of 12,500.

The client opened another trade of 1000 and reached the volume requirements. His account bonus balance of 2,640 is transferred to his withdrawable balance which is now 12,500.

Transaction Type Amount Total Account Balance Account Bonus Balance Account Withdrawable Balance Proportional Value Minimum Trading Volume Volume of Trades Remaining Volume Balance
    12500 2500 10000 20% 40000   300
Open Trade 1 -100 11500 2300 9200 20%   0 300
Close Trade 1 ITM 1700 13200 2640 10560 20%   -1000 -700
Volume 2640 13200   13200 0%      


Pending Bonus:

Example 1

Client deposited 500, received a 250 bonus, and reached a 12,000 trading volume and made 100 in profit.

The bonus has met the trading volume requirement 250*40=10,000.

Balance available for trading Binary Options = 850.

Balance available for withdrawal = 850.

If the client wishes to withdrawal 300, his/her account balance after this withdrawal will be 550.


Example 2

Client deposited 500, received a 250 bonus, and reached a 12,000 trading volume and made 100 loss.

The bonus has met the trading volume requirement 250*40=10,000.

Balance available for trading Binary Options = 650.

Balance available for withdrawal = 650.

If the client wishes to withdrawal 300, his/her account balance after this withdrawal will be 350.


Example 3

Client deposited 500, received a 250 bonus, and reached a 5,000 trading volume and made 100 in profit.

The bonus has not met the trading volume requirement 250*40=10,000.

Balance available for trading Binary Options = 600.

Balance available for withdrawal = 600.

If the client wishes to withdrawal 300, his/her account balance after this withdrawal will be 300.


“Insurance” promotion Example:

Client deposited 500, his balance after the deposit is 700

A client received 500 “Insurance” promotion for 14 days

If after 14 days, his balance is 300 – the client will receive 400 trading bonus

If after 14 days his balance is 100 – the client will receive 500 trading bonus


Free Trades/ Risk Free promotion example:

A client deposited 500 and received 4 risk free trades of 50.
The risk-free trades will always be the first trades after the deposit. If the trade closes “In the Money”, the invested amount plus the return amount (profit) will be added to the client's free balance ; however, if the trade closes “Out of the Money”, a bonus of 50 will be added as a trading bonus to his bonus balance.

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