1. General conditions, terminology
1.1. Energy bonus is a non-withdrawable part of the balance, which is provided to the client under certain conditions for use in trading, but remains the property of the SuperForex Company.
1.2. Plus Energy bonus is a bonus that can be withdrawn under certain conditions, which is provided to clients for use in trading, but remains the property of the SuperForex Company.
1.3. Energy+ bonus - contain both bonus parts mentioned in the clauses 1.1 and 1.2, which are an integral part of the margin, partly available for withdrawal and partly participating in the drawdown; can be canceled without warning.
1.4. The conditions of the Energy+ bonus (hereinafter referred to as the bonus) are determined with agreement between the Client and the Company (SuperForex). By receiving this bonus on their trading accounts, the client confirms that he has read and agrees to the terms of the bonus.
1.5. The receipt of a bonus does not prevent the withdrawal of funds and profit, but these events may affect the further amount of the bonus on the trading account.
1.6. The bonus cannot be granted to an account that already had any other bonuses except the HOT bonus, as it requires special settings that are incompatible with the settings of other bonuses.
2. Rights and obligations of the parties
2.1. By this agreement, the Company undertakes to provide each interested client with an Energy + bonus, which consists of two parts - withdrawable (60%) and non-withdrawable (15%), for each subsequent deposit following the application for a bonus, except when automatic enrollment was not possible.
2.2. The Client has the right to receive a bonus for a maximum of 10 (ten) accounts, as well as to benefit from the received bonuses in the course of trading, within the framework of trading strategies not prohibited by clauses of the Client Agreement.
2.3. The client has the right to request a bonus, if it was previously requested, but not automatically granted, within a week after the deposit.
2.4. The Company does not have the right under this Agreement to establish additional requirements, such as the volume of lots traded or the time frame for trading.
2.5. There is no maximum amount of bonuses that can be received. Also, the Company does not have the right to change the client's leverage depending on the amount of bonuses received.
2.6. The Company has the right to cancel the bonus if the client violated terms and conditions of the Client Agreement and abuse with bonuses. The client agrees that in case SuperForex company detects facts of bonus fraud, the client's transactions may be invalidated and the trading results may be canceled. In this case, the Company is not responsible for the consequences, such as stop-out and related losses.
3. Financial side, detailing the work of the bonus (accrual, cancellation procedure, withdrawals)
3.1. In order to ensure the correct work of the bonus system and profit distribution, the Company strongly recommends that all transactions be closed before withdrawing money.
3.2. In case of a significant drawdown of funds, the Company automatically checks the need to cancel the bonus using the following formulas:
Energy bonus will be canceled or saved, depending on the proportion:
P<= -1*(Y+Z1)*25%
where: Y = deposit, withdrawable part of the balance, P = achieved trading result (profit),
Z1 = bonus (Energy bonus 60%).
Plus Energy bonus will be canceled or saved, depending on the proportion:
P<= -1*(Y+Z2)*65%
where: Y = deposit, withdrawable part of the balance, P = achieved trading result (profit),
Z2 = bonus (Plus energy bonus 15%).
Example
Deposit 200$
Energy bonus = $120
Plus energy bonus = $30
Profit = -65$
We check with two formulas:
-1*(200+120)*25% = -80
-1*(200+30)*65% = -149.5
Both bonuses will not be canceled because profit = -65 which is more than -80 and -149.5 which is currently the deadline for this account and bonuses. The bonus would be canceled if the profit was -80 or lower, Plus energy bonus would be canceled if the profit was -149.5 or even lower.
3.3. When withdrawing, part of the Energy bonus will be canceled, according to the formula:
C = (X/Y) * (Z1*1.95)
Where:
C = amount of cancellation
X = amount requested for withdrawal
Y = amount available for withdrawal
Z1 = Energy bonus 60%
Example
Deposit 200$
Energy bonus = $120
Amount to be withdrawn 40$
(40/200)*(120*1.95) = $46.8 bonus out of $120 must be canceled.
3.4. Upon withdrawal, the Plus Energy part of the bonus will be canceled according to the formula:
C = (X/Y) * (Z2*0.95)
Where:
C = amount to cancel
X = Amount to withdraw
Y = Amount available for withdrawal
Z2 = Plus Energy bonus 15%
Example
Deposit 200$
Plus Energy bonus = $30
Amount to be withdrawn 40$
(40/200)*(30*0.95) = $5.7 out of 30 must be canceled.
3.5. Rules for withdrawing Plus Energy bonus. This bonus can be withdrawn if:
Over the past 30 days, at least 15 deals were made with a positive trading result, at least 5 pips/lot, with a volume of at least 0.1 lot each.
Total result of trading must be equal to or greater than the bonus amount. For example, if the Plus Energy bonus = $30, then the profit must be $30 or more.
3.5.1. If conditions specified in clause 3.5 are met, every month, on the last calendar day of the month, a certain amount of the bonus is transferred to the balance available for withdrawal, according to the formula:
T= (Z2*15%)*1
where T is the amount of the bonus which is becoming available for withdrawal, Z2 is the Plus Energy bonus.
3.5.2. If the conditions specified in paragraph 3.5 are not met, every month, on the last calendar day of the month, a certain amount of the bonus is transferred to the balance available for withdrawal, according to the formula:
T= (Z2*15%)*0.05
where T is the amount of the bonus which is becoming available for withdrawal, Z2 is the Plus Energy bonus.
3.6. Withdrawal of the entire balance may be grounds for the complete cancellation of all bonuses. In this case, all obligations of the parties are considered fulfilled.
3.7. Profit received from the bonus is calculated and credited in a proportional amount between both: deposit and bonus parts every time you close a deal. Every deal affects the distribution of profits across balance sheets in different ways. The profit that becomes part of the bonus can be considered as payment for provided bonuses and cannot be returned to the client if the bonus provision service is provided in full.
3.8. Both parties may declare early termination of this Agreement. The Company undertakes to cancel the bonus, at the request of the Client, without giving reasons. The Company, in turn, also reserves the right to cancel the bonus and withdraw from this agreement, since the bonus is the property of the Company.