Introduction
1. These Terms and Conditions (“Terms”) form the basis of the “Beat the Banks” promotional offer (“Offer”).
2. Taking part in this Offer constitutes acceptance of these Terms. Alpari (UK) Limited (Company Number 5284142) is authorised and regulated by the Financial Services Authority (“Alpari UK”) and reserves the right to alter, amend or terminate this Offer, or any aspect of it, at any time and without prior notice. We may make changes to these Offer Terms and will notify you of these changes by posting the modified terms on the Alpari (UK) website. We recommend that you revisit these Terms regularly and, by your continued use of the Alpari (UK) website and services you accept any such modified terms.
3. We reserve the right, at our sole discretion, to disqualify any individual that tampers or attempts to tamper with the operation of the Offer, or breaches the Offer Terms or Our Terms and Conditions of Business.
4. Any dispute or situation not covered by these Offer Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into.
5. If these Offer Terms are translated into a language other than English, then the English version of the Rules shall prevail where there is an inconsistency.
Conditions of Eligibility
6. Subject to all further conditions, the Offer is available to clients who have satisfied the Eligibility Criteria for the Offer (“Eligible Client”) as set out in clause 7 below.
7. The Eligibility Criteria for the Offer are:
a) that it shall only apply to Customers that have a Classic or Micro account;
b) that the Customer must make an initial deposit into their account/s of at least USD 1,000 (or currency equivalent) during the deposit period;
c) that the Customer must have a zero or positive account balance when the initial deposit is made; and
d) to qualify for your interest credits to be converted to a balance, a Customer must make a minimum of 200 standard lot round turn transactions over the lots calculation period.
The Offer
8. The Offer consists of two elements for an Eligible Client:
Credit Bonus
9. Eligible Clients will earn an instant credit bonus of 6.25% of the value of their net deposits for each deposit they make during the deposit period.
10. Customers can make as many deposits as they wish into as many of their Classic or Micro accounts held in order to qualify as an Eligible Client.
Interest
11. Interest is credited at a rate equivalent to 28.6% per annum on free margin, which includes the credit bonus of 6.25%.
12. Interest over the promotional period is credited at a rate equivalent to 5.25% or 1.75% per month.
13. Interest is calculated on a monthly compound basis, based on a monthly average of daily free margins and credited to the client’s account(s) on the first trading day following each month of the deposit period.
14. The interest calculation period starts when the client makes their first deposit during the deposit period.
Further Conditions
15. The total maximum reward over the promotional period, including a credit bonus and an interest credit, is USD3,000 per live account held (or currency equivalent).
16. The lots calculation period is from 30 November 2009 up to and including 29 January 2010.
17. To receive up to USD1,500, Eligible Clients must trade a minimum of 200 standard lot round turn transactions during the lots calculation period.
18. To receive up to USD3,000, Eligible Clients must trade a minimum of 400 standard lot round turn transactions during the lots calculation period.
For example:
| Amount credited (USD) | Standard Lot Round Turn Transactions |
| 0 – 1,500 | 200 |
| 1,501 – 3,000 | 400 |
19. Customers must keep a zero or positive balance in each month of the promotional period to qualify for both the credit bonus and interest payments
20. The transfer of rewards between Classic and Micro accounts is not permitted.
21. Eligible Clients cannot make any withdrawals during the promotional period or ALL the credit bonus and interest accrued will be forfeited.
22. If Eligible Clients make a transfer between their Classic or Micro accounts during the promotional period, the full credit bonus will be forfeited.
Worked Example
23. The following example is indicative and for general information purposes only:
| Date | Operation | Deposit | Average monthly free margin | Credit Bonus | Credit Interest | Total Credit |
| 2.11.2009 | Deposit | $1,500 | $93.75 | $93.75 | ||
| 30.11.2009 | Interest | $1,300 | $22.75 | $93.75 + $22.75 = $116.50 | ||
| 4.12.2009 | Deposit | $2,000 | $125 | $116.50 + $125 = $241.50 | ||
| 31.12.2009 | Interest | $3,100 | $54.25 | $241.50 + $54.25 = $295.75 | ||
| 01.02.2010 | Credit Bonus available for withdrawal (if at least 200 lots have been made) | = $353.50 | ||||
Definition of 'period'
24. The ‘promotional period’ runs from 1 November 2009 up to and including 29 January 2010.
25. The ‘deposit period’ (the period during which qualifying deposits can be made) runs from 1 November 2009 up to and including 31 December 2009.
26. The ‘lots calculation period’ runs from 30 November up to and including 29 January 2010.
27. These Terms and Conditions are dated 6 November 2009.
Risk Warning
28. It is important that Eligible Clients are aware that their risks are not limited to the deposit and that by making a qualifying trade it is possible to lose more than the deposit. In some circumstances, losses may be considerably more than any initial or minimum deposit.
