Bonus Terms and Conditions
- Slingstrade offers a number of promotional attractive rewards to its new and existing clients in terms of Welcome Bonus, Pending Bonus and Trading bonus.
- All bonuses award is final and at the sole discretion of the Company.
- The addition and removal of bonuses are at the absolute discretion of the Company.
- The Client cannot withdraw the bonus or any profits generated from the said bonus if he/she hasn’t completed the required trading volume to claim the bonus.
- The bonus can be only awarded on the investment.
- The client must complete the required trading volume to claim bonus in 30 calendar days. (Including bonus award date). If the client fail to complete the required trading volume in the given time frame, the bonus will be removed from his trading account.
- The client who has successfully completed the registration process and submitted all the valid required documents are eligible to qualify for bonus promotions.
- It is prohibited to open multiple accounts with the Company for the sole purpose of enjoying more than one bonus Award. Duplicate accounts may be closed without notice. In such cases the Company will retain bonus rewarded to the Client and any earnings will be forfeited and the Client’s investment will be returned to the Client bank account.
- It’s not mandatory to accept bonus award offered by the Company; all Awards are optional. If the client mistakenly accepts an Award, the Customer shall not trade and notify the customer support immediately of mistakenly accepting the Award. The Company will remove the Award from the client’s Account.
- The Trading Bonus is awarded to eligible Client as a percentage of the investment in their trading account.
- Trading bonus is designated for the purpose of margin trading only, thus can only be used as extra margin and shall not be allowed to be used for the purposes of trading in non-leverages products.
- First Time Deposit Bonus will be awarded as follows
| FTD | Bonus Amount * | Bonus % |
|---|---|---|
| $100 | $20 | 20% |
| $300 | $75 | 25% |
| $500 | $150 | 30% |
| $3000 | $600 | 20% |
- * The required bonus volume to claim bonus of $100 is 4 million.
- ** The required bonus volume to claim bonus will change time to time.
The Bonus validity period is 30 Days.
- The volume is calculated on an ‘in and out’ basis, which means that the opening of a $1 million (or at another currency equivalent) position and the closing of the same position, count as $2 million (or at another currency equivalent) totals towards the client’s volume requirement.
- Realization of all the bonuses are subject to completion of required trading volume.
- The Pending bonus isn’t available to use as margin or for trading. It will show in trading account as pending bonus . It will be available for trading purposes once the required volume is completed. After completion of required volume, it will be added to Equity.
Scenario A
A client deposits $1000 in his trading account and receives a pending bonus of $200.
After 1 week from the deposit the client achieved $5,000,000 trading volume.
This will reflect on the client’s account as follows:
| Balance | Equity | Margin Available | Pending Bonus | Volume traded | Volume Required |
|---|---|---|---|---|---|
| $1,000 | $1,000 | $1,000 | $200 | $ 5,000,000 | $3,000,000 |
- The Bonus is available to client registered with the Company’s platform or a promotion code and having satisfied the eligibility criteria as mentioned above.
- The Company reserves the right, at its sole discretion , to alter, amend, suspend, cancel or terminate any of the above mentioned Bonus, or any aspect of the above mentioned offer, at any time
Refer a Friend Award
The Refer a Friend (“RAF”) promotion allows an existing client (the “Referrer”) to encourage friends (“Friends”) to sign up for an account . The
| Friend’s First Deposit | Referrer Bonus | Condition |
|---|---|---|
| $100 to $499 | 20% | 4 Trades opened by the Referral |
| $500 to $1999 | $150 | 4 Trades opened by the Referral |
| $2000 and Above | $250 | 4 Trades opened by the Referral |
Eligibility for the “Refer a friend”
- Only the existing client can participate in the Referral Program, if he introduce a friend / family (except spouses) for the purpose of trading will be awarded with referral bonus.
- The Referred Client must complete the account opening process .
- The referred client must execute at least five trade .
- The Referred Client can register for only one trading account.
- The Referrer must have an active account .
- The referral bonus amount is subject to volume completion.