Bonus Funds and Bonus Account
What are bonus funds?
Bonus funds (bonuses) are funds that can be granted to the User by the Company due to the User's special status or participation in various Company programmes, and which can be used for trading and generating profit, but cannot be directly withdrawn from the User's accounts.
How do I get a bonus?
Bonuses are given for participation in the Company's various bonus programmes and campaigns, the details of which are provided by the Company on its website or by other means.
Where can I see how many bonus funds I have?
- For the Libertex platform, you can see:
1.1 The bonus funds available for trading in your trading account wallet
1.2 The balance of bonus funds in the wallet's bonus account. - For the MetaTrader platform, you can see bonus funds available for trading in the "Credit" field.
What is the maximum amount of bonus funds I can have in my account?
The maximum amount of bonus funds shall not exceed 20% of the total trading account balance for Libertex accounts or 30% of the total trading account balance for MetaTrader accounts. Bonus funds that exceed the respective proportion are kept in the wallet's bonus account.
In the event that the Client increases/decreases his or her trading account balance, the remaining bonus funds available for trading shall be adjusted automatically at the end of the day at 21:00 GMT. Open positions are not taken into account when calculating the ratio of real funds to bonus funds.
For bonuses issued directly to the MetaTrader accounts within specific Company Programmes, these proportions may not apply.
How can I use bonus funds?
Bonuses in your account serve to increase the margin for operations. For example, if you have $100 in real money and $20 in bonus funds, you can open a trade for $120. Keep in mind that profit will be in real money. You may withdraw the profit or use it to open other trades.
For Libertex accounts, if you experience a trade loss, it may affect bonuses, too. You will first lose real money, then any bonuses.
For MetaTrader 4/5 accounts, bonus funds cannot be used to cover unrealised losses, i.e., if the total losses on the Client's open positions exceed the amount of own funds in the trading account, the position will be closed. Bonus funds cannot be transferred to another account. If bonus funds are transferred to another account, they will be nullified.
How do you calculate the remaining amount of any bonus funds involved in an open trade?
For Libertex accounts, the trade will first be backed by real funds, then by bonus funds.
For MetaTrader 4/5 accounts, the following rules apply: If the loss on trades increases to the Stop Out level set in the trading account (50% and below), trades are closed in accordance with the Rules of Trading Operations. If the loss on open positions reaches or exceeds the amount of real funds in the trading account (the Balance field), the bonus funds displayed in the Credit field are automatically transferred to the bonus account, even if they were used as collateral, and positions are forcibly closed at current market prices (Stop Out).
What happens to my bonus funds if I withdraw my money from the platform?
When you withdraw funds from the platform, you will lose a proportion of your bonus funds equivalent to the amount you would receive for a deposit of the same size (depending on your current client status).
Withdrawals and internal transfers of your own funds from a MetaTrader account to which bonus funds were credited are not allowed. If your personal funds are withdrawn or transferred to another account, the bonus funds will be nullified.
What restrictions apply to using bonus funds?
The Company reserves the right to terminate bonus funds at its discretion at any time and without prior notice (for example, when the total loss of trades opened by the Client exceeds the amount of real funds on their trading account). The Company shall not bear any responsibility for losses the Client may incur due to the termination of bonus funds. Clients are strongly advised to check their account balance to avoid closing positions due to a Stop Out.
How long are bonus funds valid?
Bonus funds have a limited lifetime. It depends on the programme they were issued for (bonus programme, individual offer from the Company, etc.). The minimum expiry date of bonus funds is 20 days from the date of issue. After the bonus funds expire, they are deducted from the Clients' bonus and trading accounts.
If the Client's account has been inactive for 30 calendar days (i.e., there are no trades or open positions), the Company reserves the right to terminate all available bonus funds in the Client's accounts.