A. Introduction
MEXNANCE (the “Company”) offers its clients the deposit bonus program (the “Bonus Program”) in accordance with the terms set out below.
These Bonus Program terms are considered an annex to all MEXNANCE business terms and policies.
The Company may, at its reasonable discretion, offer the Bonus Program to clients it considers appropriate. The Company determines whether the Bonus Program is available.
The client acknowledges, confirms and agrees to be legally bound by the terms of the Bonus Program and any other legally binding agreements between the client and MEXNANCE.
B. Eligibility
To participate in the Bonus Program, the client must open, or already hold, a standard trading account with MEXNANCE in accordance with the account-opening application procedure. The client must also be at least 18 years old or have reached the applicable legal age of adulthood, and must not be considered a minor under applicable law.
C. Terms and Conditions
Deposit bonuses are granted in accordance with the criteria shown below. The same deposit amounts and bonus rates apply to all eligible clients.
Deposit Bonus Criteria
The deposit bonus criteria are shown below.
Deposit bonus amounts (USD) Deposit Bonus Rate Bonus Amount Total Balance $3,000 10% $300 $3,300 $5,000 15% $750 $5,750 $8,000 20% $1,600 $9,600 $10,000 25% $2,500 $12,500 $15,000 30% $4,500 $19,500 All amounts in US dollars (USD). Total Balance = Deposit + Bonus Amount.
The Bonus Program applies only to account types designated by the Company.
The Bonus Program applies to only one trading account per client.
The maximum total bonus per client is USD 10,000.
Even if the entire investment principal in the client’s account is lost, the client may continue trading within the amount of the granted bonus. The bonus amount cannot be withdrawn.
If the client makes a partial withdrawal from an account that has received a bonus, the bonus amount is reduced proportionally to the withdrawal ratio.
If the client withdraws all funds from an account that has received a bonus, or makes an internal transfer to another account, the bonus is cancelled.
The granted bonus is reflected in the Credit field next to the Balance in MT4.
After receiving the bonus, clients may use their margin more flexibly. Profits generated using the bonus may be withdrawn at any time, provided they do not result from trading conducted through improper means.
The granted bonus may be used for trading purposes only and is valid for 180 calendar days from the date it is granted. After 180 days from receipt of the bonus, the bonus is removed from all accounts to which it was credited. This may result in a margin call or stop-out, so the client must ensure that sufficient equity is maintained in the trading account.
If the client applies for an extension within the 180-day validity period and the Company’s management approves the application, the bonus validity period may be extended or renewed.
Clients may not switch between bonus programs offered by the Company.
Clients may not combine or receive two or more bonus offers simultaneously.
The Bonus Program does not apply to trading using automated trading systems (Expert Advisors, EAs).
D. Bonus Cancellation and Removal
The bonus may be cancelled immediately and removed from the client’s account in the following circumstances.
If the Company suspects, or has reasonable grounds to believe, that the Bonus Program terms have been abused or manipulated through scalping or pip trading, internal hedging (using other trading accounts held with MEXNANCE), external hedging (using trading accounts held with other brokers), or if it considers that the client has not acted in good faith, MEXNANCE reserves the right, at its sole discretion and without the client’s consent, to remove the bonus immediately from the client’s trading account.
If the Company suspects, or has reasonable grounds to believe, that the client holds more than one account to which the Bonus Program applies, the Company reserves the right, at its sole discretion and without the client’s consent, to remove the bonus immediately from the client’s trading account. The Company is not liable for any losses resulting from the stop-out of open positions after removal of the bonus in accordance with these terms.
E. Amendments to the Terms
MEXNANCE may amend the Bonus Program terms and other legal documents published on the Company’s website from time to time. The client is responsible for checking and remaining informed of any changes or amendments to the Bonus Program terms.
F. Client Acknowledgments
The client acknowledges that contracts for difference (CFDs) and foreign exchange trading on margin involve a high level of risk and may not be suitable for all investors. High leverage may work in the client’s favour or against them. Before deciding to trade foreign exchange, the client should carefully consider their investment objectives, level of experience and risk appetite. The client may lose some or all of their initial investment and should not invest funds they cannot afford to lose. The client should be fully aware of all risks associated with foreign exchange trading and seek advice from an independent financial adviser if they have any doubts.
These terms are written in English. Translations into other languages are provided for convenience only. In the event of any discrepancy or difference between the English text and a translation into another language, the English text prevails.