The composition and nature of the actions and bonuses, as well as other means to encourage traders, are developed by the company. The company has the right to choose Traders for the application of one or another promotional offer. An action or a bonus is offered to the chosen Traders on equal terms. A Trader is strongly advised to read all the characteristics of the proposed bonus. The registration in any action or the bonus acceptance means that the customer agrees with the current bonus policy of the company. This policy has the binding force for the Trader during the entire period, while the bonus is active.
Bonuses provided to a Trader by the company are not mandatory. A Trader’ failure to take bonuses in no way affects the interaction between the customer and the company. The Customer also undertakes to carefully study the Company’s Bonus policy before registration in the company’s bonus program or acceptance of any bonus or premium.
Deposit bonus can only be credited to a verified account as per the policies established by our Compliance Department.
The bonus shall be credited to your account and held until the volume requirements are met. After the required volume is completed, the bonus will be deducted from your trading account and simultaneously deposited into your balance.
Volume calculation starts from the first bonus and continues consecutively. This means that you can’t withdraw later bonuses before you trade the required volume for the first bonus. The volume calculation starts from the moment the bonus is approved. The volume for each deposit is calculated separately.
Initialrate.com may reject client’s bonus application(s) or may cancel a client’s bonus at any time without prior notification or providing reasons for such decision.
“When any form of bonus is received, completion of the bonus turnover requirements will have to be met, in order to perform any withdrawals.” The company reserves the right to approve provisional withdrawals in accordance with the company policy at its discretion at any time. This will not affect the overall terms of withdrawal in other cases.
Use of bonuses or promotional offers without relevant experience can lead not only to getting profits but also can result in losses. The risks associated with trading online include the risk of the accrued bonus loss. There is also the risk of losing the funds deposited to the trading account of the company by the customer.
It is prohibited to present or sell bonuses to the third person. Bonuses and promotions are attached to a particular trading account and cannot be transferred to another trading account on certain conditions.
The currency of the bonus and promotions coincide with the currency of the customer’s account.
The validity of the promotions and bonuses is determined by the company. All promotional offers can be provided with conditions and restrictions. The company has the right to cancel the offer if a trader does not comply with the conditions. Also, the company can change the validity period of the bonus or action without prior notice.
If the company has a reason(s) to believe that the Trader overused the actions of the company or went against the Agreement between the company and the Trader, it has the right to withdraw the bonuses or close the customer’s trading account. Furthermore, So-called “reverse trading” on bonus accounts is strictly prohibited. “Reverse trading” denotes opening the same position in reverse directions on 2 or more bonus accounts. “E.g. open 0.1 lot BUY on EURUSD and 0.1 lot SELL on EURUSD at the same time. The Client acknowledges that such accounts will be blocked, and bonuses and profits from the reverse trading will be cancelled.”
Any situation not described in these rules shall be subject to the Company’s decision.