1. General Terms
1.1 The "Special Bonus" campaign is valid only in special cases and is only provided to the selected group of Participants. This "Special Bonus" is not transferable and is solely limited to the recipient of this offer.
1.2 This document entitles the right for "Special Bonus" under the terms and conditions agreed with Admirals’ representative via e-mail. The terms and conditions can also be checked at Admirals’ Dashboard, under the "Special Bonus" section.
1.3 The "Special Bonus" offer is only valid if it was sent personally via email by Admirals’ representative.
1.4 The "Special Bonus" offer is valid thirty (30) days from the day the Admirals` representative sends it. If the deposit is received later than 30 days after the date of this offer, then Admirals has a right to remove any eligibility for the bonus.
1.5 The credit bonus (Bonus) provides additional free margin and increases the amount of funds available for trading (i.e. for opening new positions and maintaining margin requirements for such positions). The Bonus is not a part of the trading account balance and is displayed in the "Credit" field in the MetaTrader platform. Since the Bonus is deposited to the account as a margin credit, it cannot be used to cover trading losses.
1.6 Each trading account can have only one active bonus at a time
1.7 Clients must meet the minimum trading volume requirements before the Bonus will be transferred to account balance and become available for withdrawal requests or internal transfers. After receiving the Bonus, clients will have 180 calendar days to meet the minimum volume requirement. This term is calculated separately for each particular bonus amount received during this Promotion.
1.8 Due to additional free margin limit formed by a Bonus amount in trading account a Participant accepts and agrees that besides the default Stop Out level stated on MTrading website an Additional Stop Out condition will be applied to Participant`s trading account that contains Bonus. Participant`s open positions will be immediately liquidated if any of default or Additional Stop Out conditions will occur in Participant`s trading account.
1.9 Additional Stop Out condition will trigger the Stop Out procedure if Participants total account equity (own balance + current floating profit/loss + swap + Bonus amount - per trade commissions) decreases below the amount of the received Bonus, as shown in Example 1 below:
a) Default Stop Out conditions:
When a Participant has 1000 USD of own funds in trading account and additional 300 USD received as Bonus, total amount that may be used as margin in the account is 1300 USD. If Participant uses 1200 USD as margin, Default Stop Out will trigger when current account equity decreases below 30% of used margin, i.e. when equity will drop to 360 USD or lower. This remaining amount of 360 USD is greater than amount received as Bonus, therefore equity did not drop below amount of Bonus and Default Stop Out procedure will trigger at margin level of 30%.
b) Additional Stop Out conditions:
Following the same parameters as in the example above, but assuming that this time the Participant will use 600 USD for margin requirements. In such case 30% of this margin requirement will be 180 USD, however as this amount remains below of the amount of received Bonus (300 USD) an Additional Stop Out condition will apply whenever total account equity decreases below 300 USD. As a result Stop Out will trigger at margin level of 50%.
1.10 It is clients` sole responsibility prior to offer ending date to maintain sufficient margin level on their accounts so that after removal of the Bonus margin level will still remains sufficient for maintaining open positions.
2.1 Bonuses will only be credited to the exact same real trading account that was funded.
2.2 After the Participant’s trading account has been funded, the Participant has to notify Admirals’ manager in order to arrange a Bonus assignation to the Participant’s trading account via e-mail.
2.3 After 180 calendar days from the deposit date, Admirals has the right to remove a client’s eligibility for any bonuses, provided that the minimum trading volume requirement has not been completed. Clients are required to take good faith efforts to ensure that Admirals is able to withdraw a bonus after 180 calendar days have passed if the minimum trading volume has not been completed.
3.1 Once credited to a client’s trading account, the credit bonus remains linked to this same account and cannot be withdrawn either partially or in full unless the minimum trading volume requirement is met in its entirety.
3.2 Participant can withdraw accrued profits and earlier deposits from trading accounts. Participant understands and agrees that in cases in which a withdrawal of deposited funds occurs before the Trading Volume Requirement has been met, this will lead to the total removal of the Bonus from the Participant’s account.
3.3 The client agrees that a withdrawal request will not be processed if the request results in a total reduction of more than 65% of the free margin on the account after any automatic reductions of bonus levels are taken into account.
4.1 At all times, Admirals reserves the right to amend, change or cancel this promotion without any prior notice to current or prospective promotion participants.
4.2 If Admirals suspects that a Promotion participant has abused or attempted to abuse a Promotion or otherwise acted with a lack of good faith towards Admirals, Admirals’ reserves the right to deny, withhold, cancel or withdraw from that participant the credit bonus, and, if necessary, to cancel any terms and conditions of this promotion and client agreement with respect to that Promotion participant, either temporarily or permanently, or to terminate that participant`s access to the services and/or block that participant`s account(s).
4.3 The bonus funds are considered to be property of Admirals until the client reaches the required trading volume.
4.4 Most deposit instruments are subject to a commission or fee by a third party. It is a client’s responsibility to provide sufficient deposit levels, excluding the commission, in order to be eligible for an appropriate bonus category.
4.5 Trading in the Forex and CFD markets entails significant risk. Participation in the Forex and CFD markets should not be undertaken unless the Trader is fully aware of and understands the risks involved in trading. Participation in this promotion should not be a motivating factor when considering participation in the Forex and CFD markets.
4.6 It is the responsibility of the client to ensure that all applicable taxes and fees on bonuses in their country are paid.
4.7 In case of any ambiguity or conflict or inconsistency between different translations of these Terms the English version shall prevail.
4.8 In case of additional questions related to the Promotion, Participants may contact Admirals using the special firstname.lastname@example.org mailbox
5.1 "New Client" - An individual or corporation who, at the time of enrolment into this Promotion, does not have any live accounts or earlier registrations in the Dashboard at Admirals.
5.2 "Existing Client" - An individual or corporation who, at the moment of enrolment into this Promotion, has, or earlier was in possession of, any of the following accounts:
- Registration in the Dashboard of Admirals;
- Real trading account (currently active or deactivated).
5.3 "Account funding", "deposit" - A money operation that adds new money to client’s real trading account through means of payment offered by Admirals. Internal transfers, balance adjustments, other cash bonus credits, IB/partner rewards or commissions will not be considered an account funding operation.
5.4 "Minimum trading volume requirement" - The total volume required to trade before the client is able to withdraw bonus funds received from the Promotion. Trading volume is calculated in lots, where 1 lot is equal to 100,000 of currency units. Due to the significant difference in margin requirements for 1 lot in non-FX instruments, the calculation of minimum trading volume for such instruments is carried out with following multipliers:
- Stock CFDs - 1/1000;
- NGAS - 1/20;
- BRENT, WTI - 1/10;
- PALLADIUM, PLATINUM - 1/100;
- [ASX200], [CAC40], [STOXX50] - 1/20;
- [DAX40], [DJI30], [FTSE100], [IBEX35], [SMI20] — 1/10;
- [HSI50], [NQ100], [SP500], [JP225] - 1/000;
- [HSI50], [NQ100], [SP500], [JP225] - 1/000;
- #USDX - 1/10000;
- #USTNote, #Bund - 1/10
5.5 Valid trade for required total volume calculation - a full round turn trade that complies with all three of the following criteria:
- the trade remained open at least 5 minutes 00 seconds;
- the profit or loss in this trade is more than 3 pips, where:
- for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD - 1.32451), 1 pip is equal to a price increment of 0.00010;
- for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY - 101.522), 1 pip is equal to a price increment of 0.010;
- for spot metals 1 pip is equal to a price increment of 0.01;
- for indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point;
- for other instruments 1 pip is equal to Tick Size, as provided in the Contract Specifications on MTrading website.
- the trade was not hedged, meaning that is has to conform with ALL of the points below to be considered a hedged trade:
- the reversal position was opened within 15 minutes after opening the initial position;
- the volume variance between the initial and reversal position does not exceed 20%;
- the reversal position is closed within 15 minutes before or after the closing of the initial position.