Forex is a leveraged product. It may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks
*Terms And Conditions:
Offers apply to approved Alpari (UK) account deposits. Credit bonus is not transferable between clients. The ‘credit bonus’ cannot be transferred between a client’s accounts if the original deposit has been traded on. Maximum net credit bonus is USD3,000 per live account.
Definition of the credit bonus
The ‘credit bonus’ is a non-withdrawable credit for the net total of deposits made between 1st September and 30th October 2009.
The total amount of deposits made into your trading account will be netted off with the total amount of withdrawals, calculated on a First In Last Out (FILO) basis, made by you over the period, and the ‘credit bonus’ will apply to the net deposit balance.
The standard lot calculations will apply per account during the period 4th October 2009 to 28th November 2009. Standard lot calculations are applicable to the total amount of the bonus credited per account during the period, starting from the day of deposit of your first credit bonus (see example below).
Calculating the credit bonus
There is a maximum ‘credit bonus’ of USD 3,000 (or currency equivalent) per live account held with Alpari (UK). The credit bonus is variable and based on the net deposits. Funds transferred between a client’s live accounts do not count as qualifying new deposits for the purposes of the promotion.
The ‘credit bonus’ will be withdrawable from 1st December 2009 after the applicable amount of standard round lot turn transactions have been placed by you on your account – see table below.
The ‘credit bonus’ cannot be claimed during the offer period even if the lot requirements have been met. All withdrawals during this period will be offset against your net deposit.
'Credit Bonus' rates
| >Net Deposit Value (USD) |
>Credit Bonus (%) |
First 5,000
(0 – 5,000) |
>7.5 |
> Second 5,000
(5,001 – 10,000) |
>10 |
>Third 5,000
(10,001 – 15,000) |
>12.5 |
>Fourth 5,000
(15,001 – 20,000) |
>15 |
| >Net deposit in excess of 20,000 |
>20 |
| Amount credited as bonus (USD) |
Standard Round Turn Lot Requirement |
| 0 – 1,500 |
200 |
| 1,501 – 3,000 |
400 |
On 29th November 2009, if you have not make the required number of standard lot round turn transactions during the period then the ‘credit bonus’ will be removed, which may affect the equity and margin level on your open positions, possibly closing some or all of your positions out. This will be done automatically by our Risk Management System that limits your potential losses.
You will be unable to withdraw the ‘credit bonus’ as liquid funds if you have not made the necessary number of standard lot round turn transaction as listed above.
Example
| Date |
Deposit / Withdrawal (USD) |
Total Net Deposit |
Total Credit Bonus |
| 2nd Sept |
Deposit: 4,000 |
4,000 |
4,000*7.5% = 300 |
| 22nd Sept |
Deposit: 7,000 |
11,000 |
5000*7,5% + 5000*10% + 1000*12,5% = 1000 |
| 7th Oct |
Withdrawal: 5,000 |
6000 |
5000*7,5% + 1000*10% = 475 |
| 20th Oct |
Deposit: 8,000 |
14000 |
5000*7,5% + 5000*10% + 4000*12,5% = 1375 |
| 1st Dec Credit Bonus available for withdrawal (if at least 200 lots have been made) = USD1,375 |
- We reserve the right, at our sole discretion, to disqualify any individual that tampers or attempts to tamper with the operation of the Promotion, or breaches the Promotion Terms or Our Terms.
- We reserve the right to alter, amend or terminate this Promotion, or any aspect of it, at any time and without prior notice. We may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the Alpari (UK) website. We recommend you revisit these Promotion Terms regularly and, by your continued use of the Alpari (UK) website and services you accept any such modified terms.
- Any dispute or situation not covered by these Promotion 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.
- If these Promotion Terms are translated into a language other than English, then the English version of the Rules shall prevail where there is an inconsistency.
Risk Warning
It is important that Qualifying Applicants 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;
Dated 28th August, 2009.
