Bonus Terms and Conditions
1. Introduction
DuraMarkets Ltd (The "Company"), located at Bonovo Road – Fomboni, Comoros Union, is a registered entity with HT00224018 incorporation and licensed by the Mwali International Services Authority, Island of Mohéli. The company operates as an International Brokerage and Clearing House under License number BFX2024032. The Company offers a Bonus program to eligible clients subject to the terms and conditions outlined herein.
2. Bonus Program
The Bonus is an interest-free credit provided by the Company to Live account holders, enhancing their trading capital as specified under this document. By participating in the Bonus program, clients agree to abide by all terms and conditions herein.
The Bonus amount is allocated to the client's trading account as Credit (additional margin), thereby increasing the client's trading capacity (Equity).
The Bonus is tradeable, meaning profits generated through trading activities using the Bonus are fully withdrawable, subject to the conditions set forth in this Agreement.
3. Eligibility and Conditions
Clients eligible for the Bonus must have a Live trading account with the Company.
The Bonus is available upon each qualifying deposit made into the client's Live trading account, subject to the minimum deposit requirement of $100.
Internal transfers between accounts within the Company are not considered qualifying deposits for the purpose of Bonus allocation.
The maximum leverage allowable to qualify for the Bonus is 1:200.
The total cumulative Bonus amount a client can receive across all their trading accounts with the Company shall not exceed the maximum limit set by the Company, currently set at USD 40,000. This can be achieved through a single deposit exceeding USD 40,000 or a series of deposits totaling up to USD 40,000.
The Company reserves the right to decline or cancel the Bonus at its discretion, without prior notice, if it suspects misuse or abuse of the Bonus program by the client.
4. Bonus Mechanism
The Company grants a 250% matching deposit bonus on the request of the client. For example, if a client deposits USD 10,000 into a live trading account, an additional USD 10,000 bonus will be credited to that account. As a result, the total equity available for trading will be USD 20,000.
Please refer to the table below for additional examples:
Following the processing of clients' withdrawal from the account containing bonus, the proportionate "Bonus" amount in the account shall be taken out.
In case internal transfers are made between two Live trading accounts, any bonus existing in the transferor account shall be transferred into the recipient account, proportionate to the client's funds transferred.
In the event that the total losses on open trades are equal to or exceed the client's own funds*, leaving only the bonus amount in the equity, a stop out will be triggered. Consequently, the system will automatically close all open trades in the account at prevalent market prices without prior notification. Please note that the MetaTrader trading terminal does not differentiate between the client's own funds and the bonus, potentially resulting in a situation where a margin call alert may not be generated before a stop out occurs.
*(Client's own funds are calculated as follows: Deposits minus Withdrawals (if any), plus Profit minus Loss on closed as well as open trades).
Please see the table below for an example:
5. Bonus Utilization and Withdrawal
The Bonus amount itself is non-withdrawable and can only be used for trading purposes.
Profits earned from trading using the Bonus are withdrawable subject to the terms of this Agreement.
The Company may remove the Bonus from the client's account in the event of fund exhaustion or if the client breaches the terms outlined herein.
The company will not be liable for any "stop outs" or any loss that results out of a Bonus, its cancellation or removal.
6. Termination and Modification
The Company reserves the right to modify, amend, or terminate the Bonus program, or any part thereof, at its sole discretion and without prior notice to clients.
7. Risk Disclosure
Trading in financial markets involves substantial risk, and there is a possibility of loss. Clients should only use risk capital for trading and should not engage in trading if they cannot afford to lose their capital.
8. Miscellaneous
This Document constitutes the entire understanding between the parties with respect to the Bonus program and supersedes all prior agreements, representations, and understandings.
9. Contact Information
For inquiries regarding the Bonus program or to request withdrawal of Bonus funds, clients may contact DuraMarkets at contactus@duramarkets.com or through the Live Chat support available on the website.