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Deposit Bonus Program

Terms & Conditions

INTRODUCTION

  1. The Deposit Bonus is offered by Altitude Trading Limited (the Company) to its Clients under the following Terms.

  2. This Deposit Bonus (hereinafter referred to as “Bonus” or “Offer”) is open to all New Clients of the Company who opened a live account with the Company or have an account opened recently but not funded yet.

  3. By applying for the Bonus, the Client acknowledges that he or she has read and agreed to be bound by the Bonus Terms and Conditions as well as the Company Terms and Conditions.

PROMOTION PERIOD

  1. The Promotion period is from 11th March 2024 to 31st May 2024.

  2. The deadline to complete the Volume Requirement to be eligible to withdraw the Bonus is 90 days from the day the Bonus is credited to the trading account.

  3. If the Volume Requirement is not met within the period stated in above, the Bonus will be removed from the trading account.

CONDITIONS OF ELIGIBILITY

  1. Eligible to apply to this Offer are individuals who can agree to legally binding contracts under the laws applicable in their country of residence. Without limiting the foregoing, participation in the Offer is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence (“minors”).

  2. This Offer is available to New Clients who opened a live account with the Company or have an account recently opened but not funded yet and have submitted valid KYC documentation as per the Company’s requirements as those are amended from time to time at the sole discretion of the Company.

  3. Employees, including relatives, partners or introducers of The Company, or anyone associated with the company are not permitted to participate in this Offer.

  4. Participation of ‘intermediaries/Related Parties’ in the Offer is prohibited. If the registration same device of another participant in the Offer, The Company reserves the right to regard this matching as a reason for immediate disqualification. For the purposes hereof, the term ‘Intermediaries/Party(ies)’, when used in these Terms and Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any participant in the Offer including without limitation:

    • Family member, such as brother, sisters, spouses, ancestors, lineal descendants and collateral descendants

    • Person or entity, whom any participant in the Offer, directly or indirectly through one or more intermediaries, controls, or whom directly or indirectly through one or more intermediaries, is controlled by or is under common control with any participant in the Offer, for purposes of this definition, the term ‘control’( including with correlative meaning, the terms ‘controlled by’ and ‘under common control with’), as used with respect to any participant in the Offer, shall mean the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.

  5. Similarly, persons associated in any manner whatsoever with The Company and/or with the specific websites and/or social network sites on which The Company may be running from time-to-time certain specific bonus/promotions, contest and/or surveys, in the context of which access to the Bonus offered, are not allowed to participate in the offer.

  6. The present Terms and Conditions were communicated to the client via email or other means before the Bonus was applied to the Client’s account. Utilization of the Bonus constitutes acceptance of the present Terms. Should the Client not agree with the present Terms, he shall notify the Company within 48 hours from the time the present Terms were communicated to him for the Company to remove the Bonus from the account before the Client shall start using such Bonus. In case the Client will start utilizing the Bonus or the Company will not receive a notification of non-acceptance within 48 hours as described above (whichever comes first) it shall be considered that the Client had accepted these Terms and Conditions.

  7. The Bonus received under this Offer cannot be transferred between trading accounts within The Company.

  8. This Offer is not applicable to clients from USA or clients residing in any of the Restricted or any other country that the Company does not provide services as per the Restricted Countries as may be determined by the Company from time to time.

 

SPECIFIC PROMOTION TERMS

  1. The Bonus is applicable to Client’s First Time Deposit into a Classic account only.

  2. The Bonus is calculated as 30% of the client’s First Time Deposit Amount.

  3. The Bonus will be converted to Client balances which can be withdrawn when Client meets the Volume Requirement.

  4. Volume Requirement is defined as “one (1) Effective Round Turn Lot” for every 2 USD bonus.

    • "One Effective Round Turn Lot" is defined as:

      • Spot currency pairs (Forex): 100,000 (one hundred thousand) units of the base currency of the currency pair being traded on the ALTFX trading platform.

      • Commodity CFDs: one (1) “full lot (open and close)” of the CFD traded on the The Company’s platform.

      • Formula for calculation of the Volume Requirement:

Required Volume = (Bonus Amount)/2

  1. Example, client deposits USD 10,000. He received USD 3,000 in Bonus. The Required Volume is USD 3,000/2 = 1,500 lots

  2. Only trading of Forex and Commodities products are calculated as part of the Volume Requirements. Trading of Spot Indices, Stocks and Crypto will not be calculated as part of the Volume Requirements.

  3. The Bonus cannot be used to cover trading losses.

  4. The Bonus is not a part of the trading account balance and is displayed in the “Credit” field in the MetaTrader platform.

  5. If Volume Requirement has not been met by the deadline, bonus will be removed on the last day of the 90 days period from the day the Bonus is credited to the trading account.

  6. Should the Client make a withdrawal during the Promotion Period, the amount of Bonus will be removed. It is provided that, if the Client makes a withdrawal after receiving their Bonus, but has not traded the Minimum Trading Volume, the client is eligible to receive any amounts deposited, plus or minus any trading profit or loss. The Bonus will be forfeited.

  7. The Company reserves the right to disqualify any participant or cancel the trades found violating the trading rules or applying inappropriate trading strategies such as Sniping or Hedging and some other possible trading strategies. Sniping is defined as when the Client trades on delayed or “Frozen prices” on The Company’s platform. Hedging means the Client overexposing their account with an opposite trade to an existing trade with the same trade volume with The Company. In such cases, The Company reserves the right to cancel trades, profits, or losses and disable the account. Such decisions by The Company will be taken at its sole discretion without any liability whatsoever towards the Client.

GENERAL TERMS

  1. Please note that it may take up to 24 hours before the Bonus is added to the account of a client who meets all the criteria set forth herein.

  2. The Company reserves the right, at its reasonable discretion, to discontinue the offering of this Offer to any of its clients, without having to explain the reasons. Such clients will be informed via email.

  3. The Company reserves the right to alter, amend or terminate the Offer at is sole and absolute discretion, without having to explain the reasons. Notification of any alterations will be sent via email to all clients. Please note that participation in this Offer constitutes acceptance and agreement to abide by any such alterations, amendments and/or changes.

  4. Any indication or suspicion, in the Company’s sole discretion, of any form of arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially from the credit trading bonus without being genuinely interested in trading in the markets and/or taking market risk), fraud, manipulation, cash-back arbitrage connected to a trading bonus or any other forms of deceitful or fraudulent activity, will nullify all previously credited trading bonuses of the Client’s trading Accounts with The Company and/or any and all transactions carried and/or profits or losses garnered therein. In these circumstances, The Company reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Client’s trading Account(s) with The Company, cancel all orders and annul all profits of such participant. In these circumstances The Company shall not be liable for any consequences of the trading bonus cancelation, including, but not limited to, order(s) closure by Stop Out.

  5. The present Terms and Conditions shall be governed by and construed in accordance with the Laws of Bermuda. Any dispute or situation not covered by these terms will be resolved by Altitude Trading Limited in the manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into.

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