Welcome Bonus Agreement
1. General Provisions
1.1. The Company and the Partner undertake obligations to attract Customers who would carry out trading operations with the instruments the Company offers.
1.2. The Partner undertakes rights and obligations described in this Agreement with regard to the attraction of Customers for entering into brokerage service contracts with the Company. The Partner also undertakes other rights and obligations hereinafter set forth. Honoring the commitments stipulated in the present Agreement, the Partner attracts Customers for the Company on its behalf.
1.3. The Partner unconditionally acknowledges that all Customers attracted are the Company’s Customers.
1.4. Language
1.4.1. The official language of this Agreement is English.
1.4.2. For partners' convenience, the Company may provide the translation of the present Agreement into another language. The function of that translation is purely informative.
1.4.3. If there is a discrepancy between the English version and the translation of the present Agreement into another language, the English version shall be viewed as the one with more authority.
1.5. Partner’s identity verification
1.5.1. The Company has a right to request confirmation of any information the Partner provides during registration for the affiliate program. For this purpose, the Company shall be entitled to request a scanned copy or a notarized copy of the Partner's ID document, at the Company's discretion.
1.5.2. If the Partner has not received the Company's request for a scanned copy or a notarized copy of the ID document, the verification of the affiliate account shall be deemed nonobligatory. However, the Company reserves the right to restrict access of non-verified accounts to certain services. In this case, the Partner may optionally pass the verification procedure.
1.5.3. In the event that any information provided by the Partner during registration (name, residential address or telephone number) changes, the Partner must immediately inform the Partner Relations Department of the Company about these changes and request that the Company updates the information.
1.5.4. The Partner acknowledges and agrees that any information provided during registration for the affiliate program may be employed by the Company in an anti-money laundering campaign.
1.5.5. The Partner is responsible for the authenticity of their ID documents (copies included). The Partner acknowledges the Company's right to contact law enforcement agencies of the country where the ID document was issued to confirm its authenticity if it is questionable. Should the ID document be found to be a forgery, the Company shall be entitled to bring the Partner to justice in accordance with legislation in the country where the ID document was issued.
2. Rights and obligations of the parties
2.1. The Company undertakes to provide for an indefinite period, the bonus, in the amount of 100% of each deposit, as soon as the deposit is credited, except in cases where automatic accrual is impossible.
2.2. The Client has the right to receive a 100% Welcome bonus for an unlimited number of times, to an unlimited number of accounts, as well as to benefit from the received bonuses in trading at his discretion, within trading strategies not prohibited by the current clauses of the Client Agreement.
2.3. Client has the right to request the bonus, if it was previously requested, but was not granted automatically, within a week after the deposit.
2.4. The Company has no right under this Agreement to establish additional requirements, such as the volume of traded lots or time frames of trading.
2.5. The maximum amount of the Welcome Bonus that can be received is not set. Also, the Company does not have the right to change the leverage of the client, depending on the amount of the bonus received.
2.6. The Company has the right to cancel the bonus if the client violates the terms of the Client Agreement and abuses the bonuses. The customer agrees that in case the SuperForex company finds facts of a fraud activity involving the bonus, the client's deals can be declared void and the results of the trading can be abolished. In this case, the Company is not responsible for the consequences, such as Stop out and related losses.
2.7. The Company has the right to change the bonus terms at its discretion, without prior notice to the client.
3. Withdrawals, cancellation of the bonus and termination of the Agreement
3.1. In order to ensure the correct operation of the bonus and profit distribution, the Company strongly recommends closing all deals before withdrawing some money.
3.2. Upon withdrawal, a proportion of the bonus funds will be cancelled. The proportion is calculated based on the following:
C = (X/Y) * (the amount of the 100% bonus on the deposit)
Where:
C = cancelled amount
X = the amount that is requested for withdrawal
Y = the current available balance in the account after the Welcome bonus and other types of bonuses, if available, have been deducted.
For example, you claimed the Welcome Bonus and made the first deposit of $50 to activate it. The bonus will be 100% of $50 = $50. In total you have $100 on your account. Let’s say you make some trades and get to $200 and you want to make a withdrawal of $50. Let’s use the formula to see how much money will be cancelled from your account: X = $50 Y= 200 - 50 = $150 => C = (50/150)*100 = 33.33 So $33.33 of the Welcome bonus will be cancelled from your account after you make your withdrawal.
3.3. Withdrawal of the entire balance may be the basis for the complete cancellation of the bonus. At the same time, all obligations of the parties are considered fulfilled.
3.4. Both parties may declare early termination of this Agreement. The Company undertakes to cancel the bonus, at the request of the Client, without providing them with any reasons for this. The Company, in turn, also reserves the right to cancel the bonus and withdraw from this agreement since the bonus is the property of the Company.