Promotions

20% on your first deposit

1. General information

   1. The promotion name is ‘20% on your first deposit’.
   2. The duration of the promotion till the 31st of December 23.
   3. The participants of the promotion: new clients who confirm their trading activity with other brokers on live trading accounts.
   4. A participant can open a Bonus account which is credited with a 20% bonus from the deposit amount.

2. Conditions for participation in the promotion

   1. The bonus is available for those clients of FIBO Group who never credited their FIBO Group trading accounts (including Invest accounts) before the current promotion.
   2. To get the Bonus:
      1. Submit the trading activity details (a statement) and/or the investor password for a live account opened with another broker to the email address [email protected] or via the ‘Ask a question’ section of the Client Area.
      2. Obtain a promo code after the successful revision of the trading activity with another broker.
      3. Open an MT4 Fixed, MT4 NDD or MT4 NDD No Commission account in the Client Area within the promotion’s availability dates. When opening the account, select the ‘Bonus program’ option and the ‘20% on your first deposit’ promo type, enter the promo-code into the designated field.
      4. Activate the trading account (deposit of at least $50 or an equivalent in any other currency).
      5. Activate the bonus by clicking the ‘Activate bonus’ button on the account details page.
   3. If the above steps are performed correctly, you shall receive a notification reading, ‘Bonus activated successfully!’

3. Bonus deposit and calculation

   1. The bonus amounts to 20% of the deposit volume, but $5 000 maximum.
   2. The bonus is credited right after being activated.
   3. The funds deposited after the bonus activation are not eligible for additional bonus crediting.
   4. E.g.: A client registers a trading account and makes consequent deposits of $3000, $700 and $300 and then activates the bonus. In that case, the bonus shall amount to $800 ($4000*0.20) and the aggregated balance becomes $4800. If a client makes another deposit once the bonus is activated, the amount of the bonus funds will not increase, the deposited amount would only reflect on the account’s balance.

4. The use of the bonus

   1. The amount of the bonus funds reflects on the account’s equity (current balance with the floating profit/loss).
   2. Bonus funds participate both in trading and the drawdown.
   3. The provided bonus cannot be withdrawn from the account.

   4. When performing a total or partial withdrawal of the funds the bonus was credited for, the bonus itself is reduced proportionate to the amount of the funds withdrawn. When withdrawing the funds deposited after the bonus activation and/or the profits, the bonus is not getting reduced.

      E.g.: A client deposited $4000 and then activated the bonus. The aggregated balance amounts to: $4000 + $4000 x 0.2 = $4800.

      a) A client decides to withdraw $1000, the provided bonus is reduced by $200 proportionally ($1000 x 0.2), and the balance of the account becomes $3600.

      b) After the bonus activation a client additionally deposits $500 and as the result of their trading activity gets $500 in profit: the aggregated volume of the funds on the account becomes $5800. A client decides to withdraw $1000. The withdrawal of funds above the initial deposit does not affect the bonus funds amount. The balance becomes: $5800 - $500 - $500 = $4800

      c) A client gets a profit of $500, as the result the account’s balance becomes $5300; a client decides to withdraw $1000. Apart from the overall profit, a part of the initial deposit is also withdrawn in that case: $1000 - $500 = $500, thus the bonus amount is also reduced proportionally: $500 x 0.2 = $100. As the result, the account balance becomes: $5300 - $1000 - $100 = $4200, where the $3500 is the initial deposit and $700 is a bonus credited over it.

5. Bonus limitations

   1. The promotion ‘20% on your first deposit’ is a one-time offer.
   2. The bonus is credited only on a direct deposit using any of the options available in the ‘Deposit funds’ section of the Client Area. An internal transfer from another trading account does not count as a direct deposit, thus the bonus is not credited.
   3. The bonus provided under the terms of the ‘20% on your first deposit’ promotion does not sum up with other promotions offered by the Company.
   4. The funds deposited via an internal transfer do not participate in the bonus calculation.
   5. Trading on the bonus account before activating the bonus is not allowed; otherwise the account may be excluded from the bonus program.
   6. The Company reserves the right to decline the bonus funds crediting or annul an already credited bonus at any time if there are grounds to believe the Client deposited their (bonus) trading account using the funds that have been previously withdrawn from another account opened in the Company (via any payment agent or a payment processing system) including but not limited to wire transfer, payment processing service etc. The company does not bear any responsibility for the consequences of the bonus being annulled, e.g. Margin Call and Stoup Out.
   7. The Client has the right to object the bonus cancellation or the decision not credit it within 5 days after the event by sending a reclamation to the email address: [email protected]

6. Changes in the promotion conditions

   1. The Company reserves the right to introduce changes into the promotion’s conditions, including cancelling the promotion without prior notice. The promotion’s cancellation does not affect those who are already participating in it.
   2. The details on the introduced changes are available on the FIBO Group website, in the ‘Trading — Promotions’ section.
   3. Inquiries regarding the conditions of the promotion can be directed to the Company via a phone call, online chat, in the ‘Ask a question’ section or by email: [email protected]