$50 GIVEAWAY

TERMS & CONDITIONS

1. General Terms

a. By opening a trading account and applying for this Offer the client
acknowledges and accepts the terms of use of this offer and is bound
to the Terms of Business of MONAXA.
b. This Offer applies only for New Registered Clients of the Company who
open an account through www.monaxa.com via selected IB Referral
Link.
c. The Company, at its absolute discretion, offers the “Monaxa $50
Giveaway” to all new clients of the Company residing in Malaysia,
Thailand and India.
d. In order to be eligible for this Offer, the Client must comply with the
each of the following requirements:
i. the Client must act in good faith in applying for this Offer;
ii. the Client must not be an employee of MONAXA;
iii. the Client must be above 18 years of age or otherwise above
legal age in their country of residence;
iv. the Client must never have participated in any Abusive
Behaviour as defined in clause 2(k).
v. The Client must not be associated with any person who has
participated in Abusive Behaviour.
vi. The Client does not participate in any abusive, improper
conduct, or attempted abuse or improper conduct in relation to
this Offer.

2. Condition

a. This offer is limited only to one profile holder and eligible trading
account per one (1) unique IP address. Multiple registration for the
same IP address are not permitted with the same personal details.
b. The Monaxa $50 (or currency equivalent) Giveaway only applied to
standard account holders.
c. If the Client(s)’ data for the Monaxa $50 (or currency equivalent)
Giveaway corresponds with the registration and/or trading information,
including but not limited to IP address of another Client in the Monaxa
$50 (or currency equivalent) Giveaway, the Company reserves the right
to regard this matching as a reason for immediate disqualification.

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d. Please note that it may take up to 48 hours before the Monaxa $50
Giveaway is added to the account of a Client's trading account.
e. Please note that the Monaxa $50 Giveaway will be credited as ‘Real
Money’ as a balance in the Trading Account and this amount cannot be
transferred between or from Client(s)’ live trading accounts with the
Company.
f. Deposit or internal transfer of any amount from the balance is not
allowed.
g. No IB fees/rebate will be paid from trading this Monaxa $50 (currency
equivalent) Giveaway.
h. This offer will last for 10th trading days from the date of receiving the
Monaxa $50 (currency equivalent) Giveaway in the trading account.
i. The Monaxa $50 (currency equivalent) will be removed if at any stage
the equity of the clients account reaches the stop out level set in the
account types specifications to prevent the client from entering a
negative equity scenario. In these circumstances the Company shall not
be liable for any consequences of the Monaxa $50 (currency
equivalent) Giveaway cancellation, including, but not limited to, order(s)
closure by Stop Out.
j. The Company reserves the right, at its sole discretion;-
i. to decline registration of any Client from the Monaxa $50
(currency equivalent) Giveaway
ii. to disqualify any Client from the Monaxa $50 (currency
equivalent) Giveaway who attempts to tamper or breaches
these terms and conditions and/or the Terms of Business.
iii. to discontinue the offering of this Monaxa $50 (currency
equivalent) Giveaway to any of its clients without having to
explain the reasons. Affected clients will be notified via email.
iv. to terminate the Monaxa $50 (currency equivalent) Giveaway if
the trading activity involves High Trading Frequency.
k. Any indication or suspicion of Abusive Behavior, in the Company’s sole
discretion includes the following:
i. the Client, by himself or acting with others (including an
Introducing Broker), constructing a trading position or positions

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 which have the purpose or effect of extracting the credit
provided, and/or the profits generated by the Monaxa $50
(currency equivalent) Giveaway, without exposure to economic
risk, including without limitation loss of the Monaxa $50
(currency equivalent) Giveaway or the Client’s profit generated;
ii. the Client hedging his positions including, without limitation, by
holding open position(s) on the opposite of a trade, including,
by way of illustration only, through use of a single or correlated
currency, at given periods, internally (using other trading
account(s) held within MONAXA) or externally (using other
trading accounts held with other brokers); and
iii. any form of arbitrage (including but not limited to risk free
profiting), abuse (including but not limited to client's trading
activity patterns that indicate that the participant solely aims to
benefit financially from the Monaxa $50 ‘Real Money’ without
being genuinely interested in trading in the markets and/or
taking market risk), fraud, manipulation, cash-back arbitrage
connected to a Bonus or any other forms of deceitful or
fraudulent activity, will nullify all previously credited $50 ‘Real
Money’ of the Client’s live trading accounts with the Company
and/or any and all transactions carried and/or profits or losses
garnered therein. In these circumstances, the Company
reserves the right, at its sole discretion to close/suspend (either
temporarily or permanently) all such Client’s live trading
account(s) with the Company, cancel all orders and annul all
profits of such clients(s). In these circumstances, the Company
shall not be liable for any consequences of the Monaxa $50
(currency equivalent) Giveaway cancellation, including, but not
limited to, order(s) closure by Stop Out.

3. Withdrawal

a. Profit from trading on the Monaxa $50 (currency equivalent) Giveaway

(except the ‘Real Money’) which Company has credited to the balance
may be withdrawn anytime with the following requirements to be
fulfilled:
ii. At least 1.00 Standard Lot;

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 i. 3 round turn trades (opened and closed position); and
ii. Only lot and position on Forex, Gold & Silver shall be
considered.
b. Minimum and maximum withdrawal allowed is $15 to $50 (excluding
the $50 ‘Real Money’ credited by the Company)
c. In the event of profit generated less than $15 or more than $50
(excluding the $50 ‘Real Money’ credited by the Company) is not
allowed for withdrawal.
d. In case there is open position prior to the 10th trading days (last day for
the Monaxa $50 Giveaway), the $50 ‘Real Money’ credited by the
Company will be removed, all open position will be force closed and
trading on the particular account will be on read-only mode (trading will
be disabled and only withdrawal function will be enabled).
e. Upon withdrawal request (min $15 and max $50 or currency equivalent)
and the criteria on clause 3(a) has been met, the $50 Giveaway will be
removed.
f. Client(s) may request to withdraw their profit from the trading account
via Online Banking method.

4. Termination

a. Clients may opt-out from the Monaxa $50 (currency equivalent)

Giveaway any time they wish within 10th trading days from receiving
the $50 (currency equivalent) and a request must be submitted via
email address to [email protected] or open a ticket in your Client
Profile.
b. The Company reserves the right to alter, amend or terminate the
Monaxa $50 (currency equivalent) Giveaway or any aspect of it at any
time. Prior notice of such changes will be given to affected clients via
email and/or website.

5. Notice

The document is prepared and executed in English and if translated into a

language other than English for any purpose, the English version shall in all
events prevail and be paramount in the event of any difference, question or
disputes concerning the meaning, form, validity or interpretation of this Terms
and Conditions.

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