RISK FREE TRADE

Please read the following Terms and Conditions carefully and thoroughly before requesting for the promotion to be applied to your account

On every deposit into a new or existing account, clients can apply up to 200% of the deposit value, as insurance to protect the trading account against losses and to protect the invested capital. The terms of the Insurance promotion are as follows:

1. The minimum deposit required for the insurance to be applied to an account is $2000. A maximum insurance of upto 200% of the deposit value can be applied to an account. The insurance promotion is available to both new and existing clients, who have already opened and funded trading accounts previously. The insurance can be applied to every deposit individually.
2. On completion of a deposit, the insurance promotion can be requested from the client dashboard, by applying for the promotion from the promotions tab.
3. The insurance promotion has a trading volume obligation as part of its terms. The completion of this trading volume requirement is mandatory for fulfilling the terms of the promotion.
4. The volume to be traded is calculated according to the formula – Volume Requirement = Number of Standard Lots To Be Traded = Insurance Amount/2. For example if the user chooses to insure $2000 out of $2000 deposit, the number of lots to be traded will be as follows Insurance amount ($2000)/$2 per insurance lot = 1000 standard lots

   Please Note : The Value of 1 Standard lot for the promotion will be as below

 1 Standard Lot means either

1. A) $100,000 notional value(US Dollars Hundred Thousand Only)

or

1. B) The notional value of the standard lot of the said product, as traded on the benchmark market (exchange, interbank ecn, alternative OTC trading venues and/or all/any alternative recognized trading venues).

The notional value of the lot shall be the value that is higher when comparing A) and B)

Important: In cases where the notional value of 1 lot of an instrument is less than $100,000(US Dollars Hundred Thousand Only), the notional value will be prorated, by dividing the value traded with 100,000, to compute the actual number(s) of lots traded in that instrument.

5. The unrestricted withdrawal of the insurance amount, and all the profits made with the insurance amount in the account, is possible once the total volume requirement for the insurance has been completed. The volume requirement is determined using the below formula

“Total amount of insurance received / 2 = total number of standard lots required”.

For example a client makes a deposit of $10000 in their account and receives an insurance of $20000(200%).

The total volume requirement shall be as follows

20000(insurance amount) / 2 = 10000.00 standard lots This volume requirement has to be satisfied for the client to be able to withdraw the full equity in their account(including insurance and profits BUT EXCLUDING any bonus amount taken together for the same deposit). Till the volume requirement is completed, the client cannot make any partial withdrawals.

6. Withdrawals in case of expiry of the insurance when the lot requirement under the terms of the insurance to withdraw the profits are not complete will be calculated as follows

The insurance, and the full amount of any bonus (if taken for same deposit) credited to the client account, shall be removed in full from the account. Any profits made using the bonus and insurance, shall be cancelled in full along with the bonus & insurance, and any losses made while trading shall be deducted from the client’s deposit, in the event of such a withdrawal request/cancellation request.

7. The insurance will come into force after the user sends us an email confirming the acceptance of the terms of the promotion, and the insurance has been credited to the account. The decision to apply for the promotion has to be made before the user starts trading and cannot be applied after an account has started trading. The insurance remains in force for 2 months from the date of credit.

8. If the insured event occurs, you will get the 100% reimbursement of your insured deposit.

9. The insurance promotion becomes invalid/unavailable for further use/claim in the following cases: first reimbursement of the insured amount is made; first withdrawal of funds from your trading account is made; after two months when the insurance came into force.

10. In order to obtain reimbursement of your insured deposit, you have to send a request to clientsupport@capitalstreetfx.com. Your request will be processed within 1-2 business days*.

*Requests submitted after the expiration of the insurance period will not be accepted for processing.

11. Once the reimbursement is deposited into your trading account, you can: proceed with your trading

12. The reimbursement of the insured deposit can be withdrawn from your trading account after the completion of the trading volume only. Partial withdrawals for partial volumes traded after the insurance is disbursed are not possible.

13.For you to claim the insured amount, the account should be down by at least as much as the insurance.

14. Full insurance has to be claimed at once. Making claims in partial bits will not be approved

15.Each subsequent replenishment of your trading account is eligible for the trading risk insurance service on the above-mentioned conditions.

16. The maximum term of the promotion is 2 months or 60 days(whichever occurs earlier). At the end of the two month period, the promotion shall stand cancelled and the promotional funds (insurance amount credited) will be removed from the client’s account. If the terms of the promotion have not been fulfilled before this time, any/all profits earned from the use of the promotional funds shall stand cancelled and be removed from the client account in addition to the insurance amount credited. In case of an account being in loss at the end of the 2 month period (if the closing balance of the account is less than the starting balance when the insurance was credited to the account, excluding any secondary deposits thereafter), all losses shall be deducted from the client’s funds on deposit. Continued use of the promotion beyond the 2 month period is at the sole discretion of the company and the company’s decision is final. The company shall accept no liability whatsoever for any losses/loss of profits resulting from the removal of the insurance/profits earned using the insurance (in case the terms of the promotion have not been fulfilled before the end of the 2 month term) whatsoever.

17. If the Company suspects or has reason to believe that a Client has abused the Terms and Conditions of this Bonus Program or has used any of the prohibited trading strategies (or abusing the bonus using other trading accounts held with Company) or externally (using other trading accounts held with other brokers), or using any other combination that offers the client a risk-less trading opportunity, then the Company reserves the right, at its absolute discretion and without obtaining the Client’s consent, to remove the Bonus from the Client’s trading account(s) or from his profitable accounts with immediate effect. All profits made from such trading activity shall also be removed from the client account along with the bonus funds. Any losses made in the account(s) shall be deducted from the client’s funds on deposit.

Under the terms of the promotion, trading strategies including, but not limited to the below are strictly prohibited:

1. Scalping (Short Duration); trades closed under 320 seconds (this is an average indicative time. Trades more than this time frame may or may not be scalp trades considering the other factors such as spike in trading volume, low trading Profit/loss, trading around releases only, trades remain open for less period of time etc,) or trades that are closed below average or current spreads. There exists no justifiable rationale for opening and closing trades with differences less than the average 5 or 15 minute move if you are trading with a 5 or 15 minute time frame. This filter will apply corresponding to the data used in comparing the size of your trade(in pips) and the market volatility data. Anything less than the average move (adjusted for the spread applicable in your account) is a scalp trade. Anything closed in less than 320 seconds is a scalp trade. Any collection and succession of trades that are just being opened and closed in a short period (especially in blocks of multiple lots) are most probably rebate churners.

https://www.investopedia.com/terms/forex/f/forex-scalping-and-scalper-system-strategy.asp

2. CFD/Future/Derivatives/Forex Scalping (Small Price Movement): it is a trading style used by traders to buy or sell a instrument and then hold it for a short period of time in an attempt to make a profit. A scalper looks to make a large number of trades, taking advantage of the small price movements which are common throughout the day. While scalping attempts to capture small gains, such as 0 to 20 pips per trade, the profit on these trades can be magnified by increasing the position size;

• scalping involves buying and selling currencies, typically with a brief holding time and with multiple trades taken each day.
• scalpers keep risk small in an attempt to capture small price movements for a profit. The small price movements can become significant amounts of money with leverage and large position sizes.
• scalpers typically use promotional forex accounts, as using a normal account will put them at a disadvantage.
• leverage, spreads, fees, and slippage are all risks that the scalper needs to control, manage, and account for as much as possible.

3. Hedging; https://www.investopedia.com/trading/hedging-beginners-guide/

4. High Frequency Trading, https://www.investopedia.com/terms/h/high-frequency-trading.asp

5. Expert Advisors, https://finance-pedia.com/glossary/expert-advisor/

6. Algorithmic Trading, https://www.investopedia.com/terms/a/algorithmictrading.asp

7. All Forms Of Trading Arbitrage, https://www.investopedia.com/terms/a/arbitrage.asp

8. Latency Arbitrage, https://www.investopedia.com/articles/trading/04/111004.asp

9. News/Event Arbitrage, https://www.investopedia.com/terms/n/news-trader.asp

10. Swap/Rollover Arbitrage,

https://www.investopedia.com/articles/investing/050515/arbitrage-strategies-changing-interest-rates.asp

11. Trading volume spikes around/during volatile/thin markets OR for completion of volume requirements of the promotion, with a distinct change from previous trading patterns witnessed in the account., https://www.investopedia.com/terms/s/spike.asp#:~:text=A%20spike%20is%20a%20sudden,by%20increasing%20or%20decreasing%20volume.

12. Any Systematic Trading Strategy that derives its sole advantage from the special terms of the bonus such as trading with intent to scalp trade or trade with high leverage in/around/during thin/illiquid markets/news releases/partial market holidays/economic and political events(such as election results), wash sales, misusing swap-free trading, and any other strategy that takes advantage of short term anomalies in the market using the bonus funds/leverage/conditions to generate/magnify profits.

13. All Corporate Actions including but not limited to stock splits/ reverse splits/ dividends/ index adjustments and any other structural event that causes a mathematical adjustment to the price of the traded asset.

14. Deep draw-downs in accounts with a large number of positions continuing to be added into the account when accounts are near threshold levels where rebates stop, with no attempt being made to close the loss making positions, no matter how large the loss. New positions being added in a martingale like fashion and such positions being opened/closed for continued rebate generation with actual realizable account values falling but balances rising.

15. Accounts near expiry of bonus opening unlimited positions at all levels, followed by closing of positions that increase the balance, while the account’s realizable value continues to decline/remains stagnant.

16. Simultaneous opening of buying and selling positions in the same markets at the same time, using a combination of accounts which are all being managed by the same/related manager.

18. If the company has reason to believe that a user is in violation of the terms of the promotion and/or abusing/misusing the terms of the bonus, the company shall inform the user in writing of the said violation and may exercise remedies including but not limited to;

1. a)Cancellation of the bonus and any profits made in the account while the bonus funds were in the account, with immediate effect.
2. b)Removal of the bonus funds, profits made using the bonus funds and deduction of losses from the client’ own deposited funds followed by closure of the account, followed by a return of the user’s funds to the account from which the user’s own funds on deposit were originally received.
3. c)In case the account using the promotion has a current balance that is below the original starting balance, any losses made in the account shall be deducted from the user’s deposited funds and the remaining funds shall be remitted back to the client, via the same method as the mode of deposit.

PLEASE NOTE :The company’s decision in matters related to misuse/violation of the bonus terms and conditions is final and binding. All promotions offered by us are at the sole discretion of the company and no binding obligation is placed upon the company to negotiate any part/benefit/disadvantage of a promotion with users of the promotion including but not limited to its starting/end dates, amounts, terms and conditions, availability to individual users/accounts or any other sub component/condition.

19. If the Company suspects or has reason to believe that a Client has more than one account under this insurance Program, then the Company reserves the right, at its absolute discretion and without obtaining the Client’s consent to remove the insurance and/or profits derived from the promotion(s), from the Client’s trading account(s) with immediate effect. The Company accepts no liability whatsoever for any loss resulting from the Stop Out of open positions after such an adjustment, in accordance with these Terms and Conditions
20. The Company reserves the right, at its absolute discretion, to unilaterally modify or terminate this insurance Program or any of the Terms and Conditions included herein, at any time, without obtaining the Client’s consent. The company accepts no liability whatsoever for any losses/loss of profits resulting from such a change.

    21.Other trading conditions – The company makes all efforts to provide the best trading conditions for accounts using promotional insurance, and/or other promotions. The company cannot make any guarantees towards the availability of trading conditions that may be to the liking/convenience of all clients at all times. The Currencies, Commodities, Futures, CFD’s and Other Financial Instruments market is an electronically traded market composed of diverse participants and trading conditions can be adversely affected due to multiple factors that may not be within the control of the company. Such variances include but are not limited to

Availability/Non Availability of Trading in Specific Instruments At Different Times

Availability of sufficient liquidity to execute trades at any given time

Availability Of With Swap/Swap Free trading at all times in all/specific instruments

Any outages on the trading platform in specific/all instruments

Higher than usual spreads and/or higher/lower volatility in prices

22. The Client acknowledges that CFDs/Futures/Currencies/Commodities/Stocks/All Financial Markets are leveraged products which involve a high level of risk. When trading in such products, it is possible for Clients to lose all of their invested capital(and more than their own capital in some circumstances). These products may not be suitable for everyone and Clients should ensure that they understand the risks involved. Clients should seek independent advice if necessary.

Please Note – If your financial condition does not allow you to risk the funds placed in your account without affecting your lifestyle, this product/service is NOT MEANT for you. If we come across any material information in writing/otherwise that indicates that your account is funded with capital that you cannot afford to lose or that you do not have adequate means to support yourself and/or any dependents, the company reserves the right to unilaterally cancel any promotion applied in your account, and return the funds on deposit(less and costs and losses incurred by you) with immediate effect. In such an event, all provisions of clauses 12, 13, 19, 20, 21 and any/all other applicable terms shall apply without any exclusion or exception.

23. Any inadvertent errors or oversights in the above terms are purely incidental and cannot be used for the deliberate misuse of any benefit offered to clients availing this promotion in their account. The terms of the promotion are meant to be followed in their correct intent and not the written word. All clients can request for clarification via email. All written queries related to the above promotion may be addressed to support@capitalstreetfx.com