DETAILED TERMS AND CONDITIONS
150% 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.
- The “Upto 150% Deposit Bonus” Program is an ongoing program that will run from January 2019.
- The Bonus can be applied to non-ECN accounts only.
- The leverage conditions of the underlying account will prevail (Please Refer To Clause 23 for Further Details on Leverage Rules).
- The Bonus will not be automatically applied on the Client’s initial minimum deposit of USD 100 or more and subsequent deposits of USD 100 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.
For Example: If a Client deposits USD 300 into an approved live account and requests for the bonus to be applied, a bonus credit of upto 150% (USD 450) will be credited to the account, effectively magnifying the Client’s deposit.
- 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.
- 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.
- The cumulative maximum bonus amount that can be earned by a Client is USD 50,000 or equivalent.
- 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.
- The Bonus is for trading purposes only and cannot be withdrawn under any circumstances. Only profits, any rebates earned and the Client’s deposits into the account may be withdrawn.
- 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.
Example: If a Client deposits 300 USD into their approved bonus account he/ she will receive a fully tradeable bonus of a maximum of 450 USD. If the Client then withdraws 200 USD, the full amount of $450 will be removed from the Bonus received by the Client.
Please Note: The company does not allow a partial withdrawal of profits under any circumstances whatsoever.
- 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”.
- a) 450 (bonus amount) / 8 = 56.25 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.
Value of 1 Standard lot for the promotion will be: 1 Standard Lot means either A) $100,000 notional value or B) The notional value of the standard lot of the said product on the benchmark market. The higher value applies.
13. Any Bonus amount received and/or removed/cancelled/written off previously counts towards the maximum cumulative Bonus amount, a client can avail.
- 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.
- The deposit bonus promotion cannot be combined with any other promotion automatically in any given account.
- A Deposit bonus may be requested by a qualifying client for every deposit made into the account. 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.
- c) In case of cancellation of such combined bonuses, the full amount of the clubbed bonuses shall be the deductible amount from the total ending balance of the account at the time of bonus cancellation.
- d) Formula: Ending Balance – Total Bonus Credited – Total Deposits – Net Profits/Losses Made With Bonus = Withdrawable Funds
Example Calculation
| Date |
Deposit |
Bonus |
Starting Balance |
Ending Balance |
| 02/01/2019 | 300 | 450 (150%) | 750 | 750 |
| 01/02/2019 | - | - | - | 500 (loss) |
| 01/02/2019 | 3000 | 4500 (150%) | 8000 | 8000 |
| 15/02/2019 | - | - | 8000 | 8150 (profit) |
In the above example the client’s volume requirement becomes a total of 56.25 + 562.5 lots to be completed before there can be any withdrawal of funds.
Prohibited Trading Strategies
17. If the Company suspects abuse of the Bonus Program, it reserves the right to remove the Bonus. Strictly prohibited strategies include:
- Scalping (trades closed within 0 to 30 minutes and/or 0 to 20 pip movement).
- Hedging within account or using more than one account.
- High Frequency Trading & Expert Advisors.
- Algorithmic Trading.
- All Forms Of Arbitrage (Latency, News, Swap, etc.).
- Trading volume spikes around volatile markets.
- Pairs trading/spreads.
- Systematic Trading Strategies deriving sole advantage from bonus terms.
Consequences & Leverage
18. Consequences of Violation: a) Cancellation of bonus and profits. b) Removal of bonus funds and deduction of losses from client’s own funds. c) Account closure.
23. For accounts using the “upto 200% bonus offer” the following leverage conditions shall apply:
| Account Balance (deposit + bonus) |
Leverage |
| $12,000 - $30,000 | 1:1000 |
| $30,001 - $50,000 | 1:300 |
| $50,001 - $70,000 | 1:150 |
| $70,001 - $100,000 | 1:100 |
| $100,001 and above | 1:100 (max) |
Risk Warning: CFDs and Financial Markets are leveraged products which involve a high level of risk. Ensure you understand the risks involved.
25. All written queries related to the above promotion may be addressed to compliance@capitalstreetfx.com
