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XMUK Terms and Conditions Bonus Program

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0% found this document useful (0 votes)
54 views5 pages

XMUK Terms and Conditions Bonus Program

Uploaded by

zisworkwork
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Tel: +44 2031501500 | Fax: +44 2038629869 | Email: [email protected] | Web: www.xm.co.

uk
Address: 1 Ropemaker Street London EC2Y 9HT United Kingdom
TERMS AND CONDITIONS – DEPOSIT TRADING BONUS SCHEME

A. Introduction

1. Trading Point of Financial Instruments UK Limited (hereinafter called the “Company” or “XM”) operating under
the trading name XM is a UK Investment Firm registered with the Registrar of Companies in England and
Wales under number: 9436004, and regulated by the Financial Conduct Authority ("FCA") under license
number 705428. The Company’s registered office is Citypoint Building, 1 Ropemaker Street, London, EC2Y
9HT.

2. The “Deposit Trading Bonus Scheme” Terms and Conditions is an integral part of the “XM Business
Terms and Policies” and provisions set herein are considered as an annex of all “XM Business Terms and
Policies“.

B. Conditions of Eligibility

1. Subject to, and without prejudice to, all other Business Terms and Policies, the offer is available to XM
Clients who have satisfied the Eligibility Criteria for the offer (“Eligible Clients”) as set out in the sections
following hereinafter.

2. The “Deposit Trading Bonus Scheme” may be offered by XM from time to time to clients who open real
trading accounts with XM, in cases where such clients are referred to XM via specific websites and/or social
network sites in the context of certain specific promotions, and/or surveys that XM may be running from
time to time on such specific websites and/or social network sites.

3. XM, at its reasonable discretion, offers the “Deposit Trading Bonus Scheme” to any Client(s) and/or any
countries / regions as it deems appropriate and for as long as XM deems to provide it.

4. Only persons who can form legally binding contracts under the laws applicable in their country of residence
may participate in the “Deposit Trading Bonus Scheme”. Without limiting the foregoing, participation in
the “Deposit Trading Bonus Scheme” is not allowed for persons under the age of 18 or otherwise under
legal age in their country of residence ("minors"). If you are a minor, you may not participate in the
“Deposit Trading Bonus Scheme”.

5. Participation of “Intermediaries/Related Parties” in the “Deposit Trading Bonus Scheme” is prohibited.


If the registration and/or trading data of a participant in the “Deposit Trading Bonus Scheme”
corresponds with the registration and/or trading information, including but not limited to IP address, of
another participant in the “Deposit Trading Bonus Scheme”, XM reserves the right to regard this
matching as a reason for immediate disqualification. For the purposes hereof, the term
“Intermediary(ies)/Related Party(ies)”, when used in these Terms & Conditions, unless the context
otherwise requires, shall mean to include any person or entity bearing a relationship with any participant
in the “Deposit Trading Bonus Scheme”, including, without limitation:

a) family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral
descendants;

b) person or entity, whom any participant in the “Deposit Trading Bonus Scheme”, directly or indirectly
through one or more intermediaries, controls, or whom, directly or indirectly, through one or more
intermediaries, is controlled by, or is under common control with any participant in the “Deposit Trading
Bonus Scheme”; for purposes of this definition, the term “control” (including, with correlative meaning, the
terms “controlled by“ and “under common control with”), as used with respect to any participant in the
“Deposit Trading Bonus Scheme”, shall mean the possession, directly or indirectly through one or more
intermediaries, of the power to direct or cause the direction of management policies of such person or entity,
whether through ownership of voting securities or otherwise.

6. Similarly, persons associated in any manner whatsoever with XM and/or with the specific websites and/or
social network sites on which XM may be running from time to time certain specific promotions, contests

Tel: +44 2031501500 | Fax: +44 2038629869 | Email: [email protected] | Web: www.xm.co.uk
Address: 1 Ropemaker Street London EC2Y 9HT United Kingdom
and/or surveys, in the context of which access to the “Deposit Trading Bonus Scheme” is offered, are not
allowed to participate in the offer.

C. Specific “Deposit Trading Bonus Scheme” Terms

1. Eligible Clients, who meet the criteria set forth herein are able to receive trading bonuses equal to :

a) 50% on the amount of their first or subsequent deposit that is made in their real Account(s) with XM, provided
that the maximum amount of any such trading bonus awarded to any particular Eligible Client will be limited
to a maximum amount of 500USD,- (or currency equivalent ), per Eligible Client.

b) 20% on the amount of their any subsequent deposit that is made in their real Account(s) with XM, provided
that the maximum amount of any such trading bonus awarded to any particular Eligible Client will be limited
to a maximum amount of 4,500USD,- (or currency equivalent ), per Eligible Client.

c) Total amount of trading bonus(es) accumulated due to participation in this “Deposit Trading Bonus
Scheme” promotion is set to 5,000USD,- (or currency equivalent ), per Eligible Client.

Table of example of this “Deposit Trading Bonus Scheme”:

YOUR DEPOSIT TRADING BONUS YOUR DEPOSIT TRADING TRADING CAPITAL


DEPOSIT APPLIED BONUS BALANCE

$5 50% on $5 $2.50 $7.50

$1,000 50% on $1,000 $500 $1,500

$2,000 50% on $1,000 +20% on $1,000 $500 + $200 = $700 $2,700

$5,000 50% on $1,000 +20% on $4,000 $500 + $800 = $1,300 $6,300

$10,000 50% on $1,000 +20% on $9,000 $500 + $1,800 = $2,300 $12,300

$20,000 50% on $1,000 +20% on $19,000 $500 + $3,800 = $4,300 $24,300

$23,500 50% on $1,000 +20% on $22,500 $500 + $4,500 = $5,000 $28,500

2. Any profits generated from the utilization of the Deposit Trading Bonus are available for withdrawal as per
our withdrawal procedure.

D. General Terms

1. Please note that it may take up to 24 hours before any trading bonus is added to the account of an Eligible Client
who meets all of the criteria set forth herein.

2. The “Deposit Trading Bonus Scheme” is only available for Standard and Micro trading accounts. XM Zero
trading accounts are not eligible to participate in the “Deposit Trading Bonus Scheme”.

3. The “Deposit Trading Bonus Scheme” applies to all clients who open real Account with XM in
accordance with the rules set herein and granted trading bonuses may be used for trading purposes only and
cannot be withdrawn.

4. Any withdrawal of funds from an Eligible Client’s real Account(s) with XM will cause the removal of the
previously awarded trading bonus(es) proportionally to the percentage of the requested amount of the
withdrawal from the respective Eligible Client’s real Account with XM. Below you can find some examples for
your better understanding:

Tel: +44 2031501500 | Fax: +44 2038629869 | Email: [email protected] | Web: www.xm.co.uk
Address: 1 Ropemaker Street London EC2Y 9HT United Kingdom
Example 1:

Deposit Trading Bonus Balance available Amount of requested Amount of Trading


Amount Amount for withdrawal withdrawal Bonus removal

USD 500 (50% on USD 250 (25% on USD 125 (25% on


USD 1,000 USD 1,000
USD 1,000) USD 1,000) USD 500)

Example 2:

Deposit Trading Bonus Balance available Amount of requested Amount of Trading


Amount Amount for withdrawal withdrawal Bonus removal

USD 700 (50% on


USD 1,000= USD 500 USD 1,000 (50% on USD 350 (50% on
USD 2,000 USD 2,000
+ 20% on USD 1,000= USD 2,000) USD 700)
USD 200)

Example 3:

Profits Amount of
Deposit Trading Bonus Balance available Amount of Trading
generated requested
Amount Amount for withdrawal Bonus removal
from trading withdrawal
USD 500 (50% USD 3000 (100% USD 500 (100% on
USD 1,000 USD 2,000 USD 3,000
on USD 1,000) on USD 3,000) USD 500)

Example 4:

Losses Balance Amount of Amount of


Deposit Trading Bonus
incurred available for requested Trading Bonus
Amount Amount
from trading withdrawal withdrawal removal
USD 700 (50% on
USD 1,000= USD USD 450 (30% on USD 210 (30%
USD 2,000 USD 500 USD 1,500
500 + 20% on USD USD 1,500) on USD 700)
1,000= USD 200)

5. In the event of internal transfers between trading Accounts with XM, trading bonuses previously credited to
sending account will be moved proportionally to the percentage of transferred balance into the receiving
account. No new / additional trading bonuses will be credited upon internal transfer to the receiving account.
In case that the receiving account is not eligible for trading bonuses, the amount of trading bonuses deducted
from the sending account will not be credited into the receiving account and therefore that proportion of
trading bonuses will be nullified.

6. Trading bonuses cannot be separately transferred between, or from Eligible Clients’ real trading Accounts
with XM.

7. XM reserves the right, at its reasonable discretion, to:

i. decline registration of any participant in the “Deposit Trading Bonus Scheme”; and
ii. disqualify any participant in the “Deposit Trading Bonus Scheme” who tampers, or attempts to tamper, with
the operation of the “Deposit Trading Bonus Scheme”, or breaches these terms and/or any of the “XM
Business Terms and Policies” set out on XM’s Website.

Tel: +44 2031501500 | Fax: +44 2038629869 | Email: [email protected] | Web: www.xm.co.uk
Address: 1 Ropemaker Street London EC2Y 9HT United Kingdom
Under no circumstances shall XM be liable for any consequences of any trading bonus cancellation or decline,
including, but not limited to, order(s) closure by Stop Out.

8. XM reserves the right, at its reasonable discretion, to discontinue the offering of this “Deposit Trading
Bonus Scheme” to any of its clients. Such clients will be informed via email.

9. Clients may opt-out from the “Deposit Trading Bonus Scheme” whenever they wish. Please send your
request at the following email address: [email protected] and the relevant department will process your
request and inform you accordingly.

10. XM reserves the right to alter, amend or terminate the “Deposit Trading Bonus Scheme” or any aspect of it
at any time. Prior notice of such changes will be given to clients and XM will post any such changes on its
website. It is recommended that participants in the “Deposit Trading Bonus Scheme” consult these Terms
& Conditions on the XM’s website regularly.

11. Any indication or suspicion, in the Company’s reasonable discretion, of any form of arbitrage (including but
not limited to risk free profiting), abuse (including, but not limited to, a participant's trading activity patterns
that indicate that the participant solely aims to benefit financially from the credit trading bonus without being
genuinely interested in trading in the markets and/or taking market risk), fraud, manipulation, cash-back
arbitrage connected to a trading bonus or any other forms of deceitful or fraudulent activity, will nullify all
previously credited trading bonuses of the Eligible Client’s real trading Accounts with XM and/or any and all
transactions carried and/or profits or losses in that Account.

In these circumstances, XM reserves the right, at its reasonable discretion to:

i. close (either temporarily or permanently) all such Eligible Client's real trading Account(s) with XM;
ii. suspend (either temporarily or permanently) all such Eligible Client’s real trading Account(s) with XM,
iii. cancel all orders; and
iv. annul all profits;

of such a participant. In these circumstances, XM shall not be liable for any consequences of the trading
bonus cancellation, including, but not limited to, order(s) closure by Stop Out.

12. In the event that Account becomes Dormant all previously awarded trading bonus(es) will be immediately
withdrawn from the respective Eligible Clients real Account with XM.

13. No partner’s commissions are paid for trading on trading bonus funds.

14. This promotion may be redeemed only once by any Eligible Client.

15. Taking part in the “Deposit Trading Bonus Scheme” constitutes acceptance of these Terms & Conditions
and of the Business Terms and Policies set forth on XM’s Website.

16. The “Deposit Trading Bonus Scheme” terms shall be governed by and construed in accordance with the
Laws of the United Kingdom, England and Wales. Any dispute or situation not covered by these terms will be
resolved by XM in accordance with our Complaints Handling Procedure Policy.

17. If any of “Deposit Trading Bonus Scheme” terms were to be translated into a language other than
English, then the English version of these terms shall prevail where there is an inconsistency.

E. Risk Warning

1. Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand
our Risk Disclosure, available at XM’s website.

Tel: +44 2031501500 | Fax: +44 2038629869 | Email: [email protected] | Web: www.xm.co.uk
Address: 1 Ropemaker Street London EC2Y 9HT United Kingdom

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