DETAILED TERMS AND CONDITIONS
900% 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 900% Deposit Bonus” Program is an ongoing program that will run from June 2020.
- 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 5000 or more and subsequent deposits of USD 5000 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 900% (USD 90000) 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 confirming that the internal transfer amount is eligible for such a bonus based on the terms of the promotion.
- 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 150000 or equivalent. Requests for bonuses(individual/cumulative) of higher amounts may be authorized/rejected at the sole discretion of the company.
- 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 10000 USD into their approved bonus account he/ she will receive a fully tradeable bonus of a maximum of 90000 USD. If the Client then withdraws 1000 USD, the full amount of $90000 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.
- 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 / 5 = total number of standard lots required”. For example a client makes a deposit of $10000 in their account and receives a bonus of $90000(900%).
The total volume requirement shall be as follows:
- a) 90000(bonus amount) / 5 = 180000 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.
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.
- 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. 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.
- 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) Formula: Ending Balance(balance at time of bonus cancellation) – Total Bonus Credited(combined amount) – Total Deposits – Net Profits/Losses Made With Bonus = Withdrawable Funds
Prohibited Trading Strategies
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:
- Scalping: Trades closed within 0 to 30 minutes and/or 0 to 20 pip price movement.
- If a large proportion of trades (>20%) meet the scalping definition, the standard filter of 20 pips and 30 minutes will be applied.
- If a significant proportion (>10% and ≤20%) of trades qualify, a median filter of 10 pips and 15 minutes will be used.
- If only a small proportion (≤10%) of trades fall under the scalping definition, then the following minimum criteria will apply: Trade duration of less than 320 seconds, and Price movement of less than 5.5 to 6 pips.
- Hedging; hedging within account or using more than one account.
- High Frequency Trading.
- Expert Advisors.
- Algorithmic Trading.
- All Forms Of Trading Arbitrage.
- Latency Arbitrage.
- News/Event Arbitrage.
- Swap/Rollover Arbitrage.
- Trading volume spikes around/during volatile/thin markets.
- Pairs trading/spreads.
- Systematic Trading Strategies deriving sole advantage from bonus terms.
- All Corporate Actions including but not limited to stock splits/ reverse splits/ dividends.
- Deep draw-downs in accounts with a large number of positions continuing to be added near rebate thresholds.
- Accounts near expiry of bonuses open unlimited positions.
- Simultaneous opening of buying and selling positions.
Consequences of Violation
18. 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;
- a) Cancellation of the bonus and any profits made in the account while the bonus funds were in the account, with immediate effect.
- 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.
- 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.
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.
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 4 months, or 120 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 4 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.
Leverage Conditions
23. For accounts using the “upto 900% bonus offer” the following leverage conditions shall apply based on pre-set system thresholds that cannot be overridden under any conditions whatsoever
| Account Balance (deposit + bonus) |
Leverage |
| $50,000 – $100,000 | 1:1000 |
| $100,001 – $200,000 | 1:300 |
| $200,001 – $300,000 | 1:150 |
| $300,001 – $500,000 | 1:100 |
| $500,001 and above | 1:100 (max) |
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.
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. 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
