Richfield Capital Limited – Bonus Terms and Conditions
The following items are subject to limited supply:
*We do not offer this bonus for new clients.
The Company shall make publicly available on its website and/or electronically and/or promote through its advertising campaigns, the characteristics of the promotions to be run each time and the minimum requirements (see below the types of conditions) that need to be met in order for the Traders to be eligible for the gifts. The Company reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the promotions, or any aspect of the promotions at any time.
Within 3 days after the end of each promotion, the eligible winners will be notified by e-mail and/or telephone and/or Company’s website- to the email/telephone they have specified during registration- accordingly. Gifts shall be awarded at the Company’s discretion.
The Minimum Trading Volume Requirement refers to the minimum sum of the individual transactions that the Trader must enter in order to be eligible to receive the gift.
For example, if a Trader agrees to receive a gift at the value of one thousand ($1,000) with a multiplier of 50x, the Minimum Trading Volume Requirements will be set at fifty thousand ($50,000).
The Trading Volume is the aggregated sum of the invested amount.
In case there is an active bonus in the account then the percentage of the invested amount attributed to the bonus shall not be considered in the calculation for the Minimum Trading Volume Requirement.
General Description of the Symmetrical Bonus Method:
“Account Bonus Balance” refers to the portion of the Total Value of Your Account that is unavailable for withdrawal until the Minimum Trading Volume is achieved. This amount is calculated by adding the Active Bonus plus its Proportional Value of trading Profit and Loss.
“Account Cash Balance” refers to the portion of the Total Value of Your Account that is available for withdrawal at any time. This amount is calculated by adding the Net Deposits plus their Proportional Value of trading Profit and Loss.
“Account Summary” shall refer to the “My Account” section of the Trading Platform where a Client can see in real time the “Account Cash Balance”, “Account Bonus Balance”, “Total Cost of Your Open Positions”, and “Total Value of Your Account”.
“Active Bonus” shall refer to a Trading Benefit of a specific bonus amount that is deposited into a trading account that has a Minimum Trading Volume requirement, which is agreed upon between the Company and the Client. In certain cases where a Client has more than one (1) active bonus, all bonuses will be aggregated and treated as one (1) active bonus.
“Balance for Withdrawal” shall mean Account Cash Balance.
“Cumulative Trading Volume “refers to the aggregate volume of Transactions that the client entered into until a specific date.
“Minimum Trading Volume” shall refer to the minimum number of Transactions that the Client must enter into in order to convert a bonus into Cash.
“Net Deposits” is the amount of Deposits minus Withdrawals plus Trading Profit and Loss generated prior entering into the Bonus Scheme.
“Open Positions” shall mean any open option contract (call and / or put) which has not been closed. In relation to CFD trading this may be a Long Position or a Short Position which is not a Completed Transaction.
“Proportional Value” is calculated by dividing the Net Deposits by the Net Deposits plus Bonus in order to determine the percentage of the Profit and Loss from trading that will be attributed to the deposits (in order to establish the Account Cash Balance ), while there is still an active bonus. 100 minus the Proportional Value determine the percentage of the Profit and Loss from trading that will be attributed to the bonus (in order to establish the Account Bonus Balance). Examples of how to calculate the Proportional Value can be found below.
“Symmetrical Bonus Method” is the process where the Company attributes profit and loss according to a Proportional Value.
“Time Restriction” is not relevant since the Client is not required to achieve the Minimum Trading Volume within a certain amount of time. For inactive accounts, a Dormancy Fee shall apply.
“Total Cost of Your Open Positions” refers to the value of all open Orders in the system.
“Total Value of Your Account” refers to the Account Cash Balance + Account Bonus Balance + Total Cost of Your Open Positions.
“Trading Volume Requirement” shall refer to numerical multiplier used to calculate the Minimum Trading Volume. This multiplier can be up to fifty (50) times the bonus amount. For example, if a Client agrees to receive a $1,000 bonus with a multiplier of 50x, the Minimum Trading Volume will be fifty thousand ($50,000) in Binary Options Orders and sixty-two thousand five hundred ($62,500) in CFDs Orders. This means that every dollar ($1) traded in Binary Options is equal to $1.25 in CFDs and every dollar ($1) in CFDs is equal to $0.80 in Binary Options.
|Binary Options Trading||CFDs Trading|
|Initial Trading Volume Requirement||$50,000||$62,500|
If a trading account is used for trading both Binary Options and CFDs then the Trading Volume Requirement
for both Binary Options and CFDs shall be adjusted every time an order is placed as follows:
|Trading Volume Requirement as adjusted after an Order is closed|
|Binary Options||CFDs Trading|
|If Binary Options Order of $1,000||$49,000($50,000-$1,000)||$61,250($62,500-$1,250)|
|If CFDs Orderof $1,000||$49,200($50,000-$800)||$61,500($62,500-$1,000)|
As soon as the Trading Volume Requirement for both Binary Options and CFDs Trading is zeroed the Client shall be qualified to receive the award associated with the bonus granted.
In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client places 1 order per day and executes 10 orders on his account. As per the chart below, the client will be eligible to withdraw $5,200 at the time of his last withdrawal, which includes his initial deposit of $5,000 plus $200 in profit, since there is Minimum Trading Volume of $200,000 that was not achieved yet.
In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders or withdraw. It is should be noted that all future profits and losses will be applied to the Client since he no longer has an Active Bonus.
In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 40x. As per the chart below, the Client achieves the Minimum Trading Volume after the 10th Order and therefore the Account Bonus Balance was converted to Cash and it became immediately available for Withdrawal.
In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 40x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders. The Client then places an additional Order where he loses $2,000. With a low balance, the Client decides to make another deposit and he requests another 100% bonus. Since the first bonus was cancelled when he withdrew funds, the Minimum Trading Volume and Volume Outstanding requirements were calculated on the 2nd bonus.
In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 40x. As per the chart below, the Client loses 6 of 8 trades and decides to close his trading account. Since all profit and losses are divided according to the Proportional Value, the total losses of $274 were shared between the deposit (trader) and the bonus. Therefore, the client withdraw $272 from the account (=500-228).
*Bonus Examples are provided for illustration purposes only. In specific, Trading Volume is aggregated based on the Invested Amount only and does not include Profits/Returns in the calculation. For simplicity and ease, you can always check your updated activity via the “Trade History” tab within the “My Account” section.
GENERAL RISK WARNING: TRADING IN BINARY OPTIONS AND CFDs CARRIES A HIGH LEVEL OF RISK AND CAN RESULT IN THE LOSS OF ALL OF YOUR INVESTMENT. AS SUCH, BINARY OPTIONS AND CFDs MAY NOT BE APPROPRIATE FOR ALL INVESTORS. YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE. BEFORE DECIDING TO TRADE, YOU SHOULD BECOME AWARE OF ALL THE RISKS ASSOCIATED WITH BINARY OPTIONS AND CFDs TRADING, AND SEEK ADVICE FROM AN INDEPENDENT AND SUITABLY LICENSED FINANCIAL ADVISOR. UNDER NO CIRCUMSTANCES SHALL WE HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR (A) ANY LOSS OR DAMAGE IN WHOLE OR PART CAUSED BY, RESULTING FROM, OR RELATING TO ANY TRANSACTIONS RELATED TO BINARY OPTIONS AND CFDs OR (B) ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES WHATSOEVER. FOR MORE INFORMATION ABOUT THE RISKS ASSOCIATED WITH TRADING BINARY OPTIONS AND CFDs PLEASE REFER TO OUR RISK DISCLOSURE NOTICE AVAILABLE ON THE WEBSITE.
Trading in Binary Options, Forex/CFD carry a high level of risk to your capital due to the volatility of the underlying market. These products may not be suitable for all investors. Therefore, you should ensure that you understand the risks and seek advice from an independent and suitably licensed financial advisor.
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