650% TRADABLE BONUS

DETAILED TERMS AND CONDITIONS 650% DEPOSIT BONUS” PROMOTION – CAPITAL STREET FX

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

1. The “Upto 650% Deposit Bonus” Program is an ongoing program that will run from January 2019.
2. The Bonus can be applied to non-ECN accounts only.
3. The leverage conditions of the underlying account will prevail(Please Refer To Clause 23 for Further Details on Leverage Rules.
4. The Bonus will not be automatically applied on the Client’s initial minimum deposit of USD 1000 or more and subsequent deposits of USD 1000 or more into the live trading account to which the Program has been applied. Clients need to make a deposit and request for the bonus by sending an email or contacting customer support on live chat.

Please Note: The request for a bonus does not guarantee its approval/acceptance. It is the sole discretion of the company to provide a bonus or to decline such a request. The company’s decision on this matter is final and there can be no contest or debate on the decision of the company in this matter. The precise amount of bonus provided, any related terms not mentioned herewith and any other relevant information may be indicated to the client with an advance notice of any changes 48(forty eight) hours prior to such changes becoming effective and the client agrees to submit to the authority of the company in all such matters without contest.

For Example: If a Client deposits USD 10000 into an approved live account and requests for the bonus to be applied, a bonus credit of upto 650% (USD 65000) will be credited to the account, effectively magnifying the Client’s deposit.

5. The Bonus can be applied on internal transfers to the live trading account to which the Program has been applied. This requires written confirmation from Capital Street FX confirming that the internal transfer amount is eligible for such a bonus based on the terms of the promotion.
6. The Bonus Program can be applied to one (1) account per Client and per IP address only. In the event that a Client has already applied the Bonus to a live account, no other Bonus Account may be opened under any circumstances.
7. The cumulative maximum bonus amount that can be earned by a Client is USD 130000 or equivalent. Requests for bonuses(individual/cumulative) of higher amounts may be authorized/rejected at the sole discretion of the company.
8. The Bonus is FULLY TRADEABLE. This means that the bonus can be used to increase a Client’s leverage, as well as used fully to trade and hold positions. Even in the event that a Client’s equity reaches or falls below the level of the Bonus, the Bonus will not be automatically removed from the client’s account.
9. The Bonus is for trading purposes only and cannot be withdrawn under any circumstances. Only profits, any rebates earned and the Client’s deposits into the account may be withdrawn.
10. Any withdrawal made from the Client’s account will result in the Bonus received by the Client being removed from the account in full. This applies to withdrawal of profits, rebates and/or deposits made by the Client.

For Example: If a Client deposits 10000 USD into their approved bonus account he/ she will receive a fully tradeable bonus of a maximum of 65000 USD. If the Client then withdraws 1000 USD, the full amount of $65000 will be removed from the Bonus received by the Client.

In the event of the bonus being removed from the account subsequent to a/any withdrawal as above, the user agrees that the Company will not be held liable for any losses that may be incurred as a result of the removal of the Bonus received by a Client due to a withdrawal

Please Note – The company does not allow a partial withdrawal of profits under any circumstances whatsoever. Clients are requested to please clarify the exact details of their account based on their account/bonus history to ensure they are fully familiar with this requirement before trading with the promotion.

11. The unrestricted withdrawal of all profits and deposits made in the account is possible once the total volume requirement for the bonus has been completed. The volume requirement is determined using the below formula “Total amount of bonus received / 8 = total number of standard lots required”. For example a client makes a deposit of $10000 in their account and receives a bonus of $50000(500%).

The total volume requirement shall be as follows

a)50000(bonus amount) / 8 = 600 standard lots This volume requirement has to be satisfied for the client to be able to withdraw the full equity in their account(including deposits and profits BUT EXCLUDING the bonus amount). Till the volume requirement is completed, the client cannot make any partial withdrawals.

b)Should the client wish to make a withdrawal in their account prior to the completion of the terms, or should the client wish to cancel a bonus already received before completing the terms, the client can request for the removal of the bonus from their account.

c)Withdrawal of profits after expiry of bonus when the lot requirement under the terms of the bonus to withdraw the profits are not complete.

In such a situation, the bonus amount originally credited to the client account shall be removed in full from the client account. Any profits made using the bonus, shall be cancelled in full along with the bonus, and any losses made while trading shall be deducted from the client’s deposit, in the event of such a withdrawal request/cancellation request.

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

1 Standard Lot means either A) $100,000 notional value(US Dollars Hundred Thousand Only) or 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)

13. Any Bonus amount received and/or removed/cancelled/written off previously counts towards the maximum cumulative Bonus amount, a client can avail.

14. The Bonus can only be applied to the account for which the bonus has been approved and bonus amounts received cannot be transferred between a Client’s trading accounts.
15. The deposit bonus promotion cannot be combined with any other promotion automatically in any given account. In case the client wishes to combine more than one promotion in one account, the client may make a request to the Customer Support Department in writing with full details of the combination they desire. The final decision on this matter rests with Capital Street FX, and we may in our sole discretion permit or decline such a request. The terms upon which multiple promotions may be combined will be decided and stated to the client in writing, should such an offer be made/accepted for a client account.
16. A Deposit bonus may be requested by a qualifying client for every deposit made into the account. Approval to credit/provide such bonus(es) is subject to the discretion of the company and there is no binding obligation upon the company to do so. In the event that multiple deposit bonuses are combined together over multiple deposits, the following terms shall apply

a)All bonus amounts credited shall be combined to calculate the total bonus availed/credited in the account.

b)The terms and requirements of all bonuses shall be cumulative – this means that the required trading volume, the bonus amount to be deducted from the final balance of the account at the time of any withdrawals/cancellation/forfeiture, as well as the bonus amount thresholds and conditions shall all be based upon the total amount of bonus funds credited to the account.

c)In case of cancellation of such combined bonuses, the full amount of the clubbed bonuses(the total amount received in bonuses over the deposits in question) shall be the deductible amount from the total ending balance of the account at the time of bonus cancellation.

d)The cancellation of profits and deduction of losses in cases where such a combined bonus is cancelled shall be based on the below formula:

Ending Balance(balance at time of bonus cancellation) – Total Bonus Credited(combined amount) – Total Deposits – Net Profits Made With Bonus (adjustment of total loss from the client’s deposit when client is in default of any restricted trade strategy) = Withdrawable Funds

For e.g (example 1)

User X makes the following deposits and receives corresponding bonuses on the said dates

Showing 1 to 4 of 4 entries

In the above example the client makes deposits and receives bonuses on 02/01 and 01/02 and combines the two bonuses together. There is a loss of deposit + trading funds between deposit 1 and deposit 2($30000 loss) and then the client makes a new deposit and also gets a bonus on this deposit which is combined with the $30000(bonus funds left over) from the first bonus. In this case the client’s volume requirement becomes a total of 6250 + 9375 lots to be completed before there can be any withdrawal of funds from the account(profits or deposit).

In the above example, the client makes a trading profit of $20000 on 15/02/2019 to bring the total account balance upto $140000. The client has traded 200 lots as an assumption at this time. In this case if the client wants to make a withdrawal, the amount available for withdrawal = 0, based on the below reasons.

a)Full trading volume Required = 15625. Current trading volume = 200(less than the total required)

b)Total Starting Balance = 10000 + 50000 + 15000 + 75000 = 150 Current Balance = 140000. Therefore Account is in loss

As a second example we take the same User X in a different position.

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Volume completed by User in this case = 500 lots

Withdrawable amount by user in this case = 0 and the reason for this is that the full volume is to be completed prior to the profit amount becoming available, even though the account is in an overall profit after adjusting for all deposit and bonus amounts.

In case the user wishes to cancel the bonus in example 1 before completing the full volume, the withdrawable amount would be as follows

140000(ending balance) – 125000(full bonus amount from bonus 1 and 2) – 25000(total deposits) – 10000(net loss resulting from 30000 loss in bonus 1 and 2000 profit in bonus 2) = -20000

In case the user wishes to cancel the bonus in example 2 before completing the full volume, the withdrawable amount would be as follows

120000(ending balance) – 100000(total bonus credited) – 20000(total deposits) – 40000(profit made using the bonus) – 40000(losses made using the bonus) = 0

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.

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 Bonus Program, then the Company reserves the right, at its absolute discretion and without obtaining the Client’s consent to remove the Bonus 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 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.

21. The Company reserves the right, at its absolute discretion, to unilaterally modify or terminate this Bonus 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.
22. The maximum term of the bonus is 2 month, or 60 days(whichever occurs earlier). At the end of the available period, the bonus shall stand cancelled and be removed from the client’s account. If the terms of the bonus have not been fulfilled before this time, any/all profits earned from the use of the bonus shall stand cancelled and be removed from the client account in addition to the bonus amount credited. In case of an account being in loss at the end of the bonus period(if the closing balance of the account is less than the starting balance when the bonus 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 a bonus beyond the bonus 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 bonus/profits earned using the bonus(in case the terms of the promotion have not been fulfilled before the end of the bonus term) whatsoever. In case of combined bonuses, the 2 month timeline shall be based on the time of the first deposit/bonus in the series of combined bonuses. If the bonus continues to remain in an account beyond the date of expiry as specified above, the bonus shall still stand cancelled along with all profits earned via use of the bonus. Any technical/administrative error leading to the bonus remaining in a client account beyond its specified end-date does not indicate an approval from the company for an extension/grant of exception to the terms of the bonus and its requirements. All extensions/exceptions to the terms of the bonus and/or any custom changes made to its terms for any given client, are to be clarified and confirmed with the company in writing with a specific confirmation, obtained from the company granting approval to the said changes/exceptions/extensions.
23. For accounts using the “upto 650% bonus offer” the following leverage conditions shall apply based on pre-set system thresholds that cannot be overridden under any conditions whatsoever

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Please Note – The leverage levels mentioned above are indicative and expected to be applicable in most cases. In case of unusual market volatility or based on risk management considerations, leverage can be reduced without notice and it is the sole right of the company to do so without contest. The company assumes no liability whatsoever for any losses caused as a result of reduction in leverage. The company may impose a limit on the maximum number of open positions/orders in a single account at its sole discretion, in case of accounts using a promotion(s). Account Balance in the above table implies the funds reflecting as balance in the account including the deposits made by a user, any/all bonuses/promotional funds/cash backs credited into the account as well as any profits(realized and unrealized) in the account at any given point in time. In case of any doubts about what constitutes the account balance, please contact the company for clarification. Leverage is subject to regular revision(s) up/down based on the changes in the account balance as part of the overall risk management protocols followed by the company.

24. Other trading conditions – The company makes all efforts to provide the best trading conditions for accounts using promotional bonuses 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

25. 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 compliance@capitalstreetfx.com