1. This Agreement sets out the basis on which the Company agrees to provide to you a Bonus for trading with the Company and is meant to assist you in making an informed decision about the Company’s bonus scheme. This Agreement governs the relationship between you and the Company and by accepting this Agreement you enter into a binding legal agreement with the Company. Signing the Agreement is not required and the Agreement has the same judicial power and rights as a regularly signed instrument. You acknowledge that you have read, understood and accepted this Agreement and any and all annexes thereto, as well as any and all documents, notices and terms and conditions referred to in this Agreement, which form an integral part thereof and are incorporated herein by reference. You confirm such acknowledgment and acceptance, among other things, by having submitted the Application Form and/or receiving the Bonus. This Agreement shall be effective for an indefinite period until its termination pursuant to the terms and provisions set out herein. This Agreement (and any amendments thereto) supersedes any previous agreement or arrangement between you and the Company, whether express or implied, on the same subject matter.
2. This Agreement, as well as the General Terms and Conditions and any additional terms and conditions that govern the between us relationship (hereinafter the “T&C”), are subject to review from time to time and you hereby agree to be bound by the T&C and any amendments made to them from time to time. It is your responsibility to check the Global OMC Markets website for any amendments. If you have any difficulty in accessing the terms and conditions, please contact us on [email protected] +442039360694 or +442033181366 to arrange a copy to be forwarded to you.
3. Trading and/or placing orders with us will amount to acceptance of Global OMC Markets T&C.
4. The Bonus granted to you by Global OMC Markets will be governed by the T&C. For your own benefit and protection, you should read these terms carefully. If you do not understand any point please ask for further information.
5. What is a Bonus?
5.1 A trading bonus is designed to add value and provides additional funds to trade with.
5.2 A bonus is real money that Global OMC Markets credits to your trading account to provide you with additional leverage and liquidity. At Global OMC Markets we understand that a bonus is not always appropriate for all clients, please familiarize yourself with why bonuses are provided and the terms of conditions you have agreed to, before accepting a bonus.
5.3 We recommend that all traders, especially those new to Digital Options and FX/CFD trading follow a predetermined money management strategy. This means that the amount of money you place on an individual trade should be no more than five percent of your current total trading account balance.
6. A Bonus is to Trade With
6.1 A bonus is provided so that clients can increase the amount placed per trade, while still maintaining their money management strategy. For further information regarding money management make sure you speak to your personal broker.
6.2 A bonus is money that we give you TO TRADE WITH and should only be used for trading. This is why, to ensure that the bonus can only be used to trade, it is accepted practice within the industry to apply a trading turnover requirement to any bonus. Once the trading turnover requirement has been met the bonus as well as any trading profits will be released and may be withdrawn.
7. Bonus Granting
7.1 Bonus granting is at the sole discretion of the Company and its Brokers.
7.2 The Client must request the Bonus to be granted.
7.3 While bonuses can be advantageous and profitable, you are never required to accept them. It can be tempting to take higher risks when you trade with the bonus funds, meaning that you stand to both make and lose more money. We encourage you to trade responsibly to avoid loses, and remind you that once a bonus is received a trading turnover must be reached before any withdrawals are made.
7.4 By accepting the Bonus and/or trading with it will amount to acceptance on your behalf of the T&C.
7.5 Global OMC Markets reserves the right to cancel a bonus at any time if the client is abusing the bonus offer.
7.6 In addition, on the investigation if the client is found to be abusing the bonus offer their account will be closed immediately. Global OMC Markets reserves the right to revoke a client’s bonus at any time without prior notice.
8. Trading Turnover
8.1 In order to ensure the bonus is used as leverage as intended, a trading turnover must be met and is equal to a factor of the bonus.
8.2 The total volume of your trades must exceed the turnover amount before any amount on your account becomes available for withdrawal.
8.3 Trading turnover requirement will apply to all trades made moving forward from time bonus is applied to clients trading account balance.
8.4 Any trades made before the bonus is applied will not count toward the trading turnover requirement.
8.5 When trading your own funds will be used first and then any Bonus funds.
8.6 The trading turnover is calculated in points and amounts to 12.5% of the bonus granted.
8.7 Before withdrawing any funds, you must collect 12.5% of the bonus in points. For example, if a bonus of €100 is granted a client must collect 12.5 points before any funds become eligible for withdrawal.
8.8 Any Client who requests a withdrawal and has not met the trading volume requirement will have their withdrawal request canceled immediately.
9. Points Calculation
9.1 Digital Options
9.1.1 Points when trading on Digital Options is calculated as follows:
Trading volume X 0.0025 = Points
Trading Volume Multiplied by 0.0025 equals to the number of points collected.
9.1.2 For example, when a bonus of €100 is granted 12.5 points must be collected hence a trading volume of €5000 must be reached before any withdrawals from your account can be made. The calculation is as follows: €5000 X 0.0025 = 12.5 Points.
9.2.1 Points when trading on CFD/FOREX is calculated as follows:
Trading volume X 0.00001 = Points Trading Volume Multiplied by 0.00001 equals to the number of points collected.
9.2.2 For example, when a bonus of €100 is granted 12.5 points must be collected hence a trading volume of €1,250,000 must be reached before any withdrawals from your account can be made. The calculation is as follows: €1,250,000 X 0.00001 = 12.5 Points
10. Limitation of liability
10.1 Global OMC Markets shall not be liable for any of the following (whether direct or indirect):
10.1.1 loss of profit;
10.1.2 loss of data;
10.1.3 loss of use;
10.1.4 loss of opportunity;
10.1.5 loss of savings, discount or rebate (whether actual or anticipated);
10.1.6 harm to reputation or loss of goodwill.
11. Governing Law
This agreement and any dispute or claim arising out of, or in connection with, it, its subject matter or formation (including non-contractual disputes or claims) shall be governed by, and construed in accordance with, the laws of the Republic of the Marshall Islands and under the exclusive jurisdiction of its courts.
12. Entire Agreement
This Agreement contains the whole agreement between the parties relating to its subject matter and supersedes any prior agreements, representations or understandings between them unless expressly incorporated by reference in this Agreement. Each party acknowledges that it has not relied on, and shall have no remedy in respect of, any representation (whether innocent or negligent) made but not expressly embodied in this Agreement. Nothing in this clause limits or excludes any liability for fraud or fraudulent misrepresentation.
13.1 No waiver of any term of this Agreement shall be deemed a further or continuing waiver of such term or any other term, and any failure to assert any right or provision under the Agreement shall not constitute a waiver of such term.
13.2 This Agreement and any rights granted hereunder, may not be transferred or assigned by you but may be assigned by Global OMC Markets to any third party without any restrictions.
13.3 You agree that no joint venture, partnership, employment, franchise or agency relationship exists between you and Global OMC Markets and as a result of the Bonus granting and/or use of the Site and Services.
If you have any questions, please contact us on [email protected] +442039360694 or +442033181366