AGREEMENT ON THE ADOPTION OF INSURANCE BONUS – UFT Group

AGREEMENT ON THE ADOPTION OF INSURANCE BONUS

This agreement is additional to the User Agreement published in the relevant section of this site. By accepting the terms of the User Agreement, the Client confirms concurrence with this Agreement to adopt the insurance bonus.

1. The insurance bonus accrued to the Client by the Company is called the UFT Diversificatio Bonus (hereinafter referred to as the Insurance Bonus or Bonus).

2. The insurance bonus can be received by each Client of the company in order to cover losses experienced in trading in financial markets.

3. The bonus can be credited within one week from the date of the Client’s written request to the Company at the email address [email protected]

4. The bonus can be credited to a trading account to which other types of bonuses have already been credited (but so that the total bonus amount is not more than 100% of the total amount of the Client’s deposit).

5. The recorded profit from the Bonus can be withdrawn after making BUY or SELL transactions in a total volume equal to X * 5 standard lots for every 100 USD of the received Bonus, where X is the Bonus amount / 100.

For example: The insurance bonus is 1,000 USD. Thus, for a complete withdrawal of the profit, it is necessary to make BUY or SELL deals in the amount of 50 standard lots. At the same time, the operation will be considered processed if it was being traded at the time of fixing the trade operation not less than:
  • 5 minutes for all CFD contracts;
  • 50 pips for major currency pairs (EUR \ USD, GBP \ USD, USD \ JPY, AUD \ USD, NZD \ USD, USD \ CAD, USD \ CHF), for pairs with a five-digit quotation and for a pair of USD \ JPY with a three-digit quotation;
  • 100 pips for cross rates (in pairs with a five-digit quotation and in currency pairs with a Japanese yen with a three-digit quotation);
  • 1500 pips for exotic currency pairs (in pairs with a five-digit quotation and currency pairs with a three-digit quotation (in which there is a Japanese yen or a Hungarian forint);
  • 150 pips for currency pairs USD \ RUB and EUR \ RUB (four-digit quotation).
6. The company reserves the right to reject an application for withdrawal of bonus funds without explaining the reasons *.

7. After crediting the Insurance bonus, the profit can be withdrawn without restriction when all the terms and conditions of this Agreement are fulfilled.

8. The Company reserves the right to cancel the Insurance Bonus without notice. In connection with this fact, the Company does not recommend to use the Bonus in the calculation of the profitability of the trading strategy. The Company is not responsible for any consequences of the cancellation of the Bonus, including Stop Out, as the credited Bonus is the property of the Company until it is processed through opening the required number of lots specified in clause 4 of this agreement **.

9. The client agrees that if the Company detects signs or suspects the Client in abuse of the bonus program, the Company reserves the right to cancel the Bonus and adjust the profit (obtained using the Bonus) to the amount of the Bonus without warning and explanation reasons. This is possible if the profits on the account commensurate with the deposit. The client recognizes the possible risks on the part of the Company.

10. The Company has discretionary powers to calculate and distribute profits received using bonus funds from the moment of the registration of the trading account or from the moment bonus funds are credited to the account. The profits will be calculated and distributed proportionally between the Client’s real funds and bonus funds on the account. At the same time, a part of the profit proportional to the amount of the bonus can be limited for withdrawal from the trading account until the bonus part is processed in accordance with the rules specified in this Agreement.

11. The Client agrees that in case of a decrease in the level of the current funds (equity) on the account below the Bonus on the account, i.e. when reaching a point of current losses that exceed the client’s real funds on the trading account, then all funds will be calculated as bonus funds in full if there are no subsequent deposits on the account. In case the Client makes a deposit, the funds on the account are calculated and distributed between the bonuses and real funds of the Client in proportion to the amount of the replenishment and the value of the bonus funds at the time of depositing.

12. The terms of this Agreement may be changed or supplemented without prior notice to the Client by the Company.

13. The insurance bonus can be used when trading any instruments if there are restrictions for different types of accounts. The Bonus is credited to the section “Credit”.

14. The main language of the Agreement is English. In case of any discrepancies between the English version of the Agreement and its translation, the English version is considered a priority.

* If in addition to the Insurance Bonus, there is any other bonus on the account, then bonus funds are processed in total.
** These measures are aimed at preventing fraud by Clients in relation to the Company. Their application does not mean that all accounts, getting under the cancellation of previously received Bonuses by the Company, are violators of any clauses of this Agreement. The probability of an erroneous cancellation of Bonuses in order to fight against abuse of the bonus system does not exceed 10%.


English