1. General terms
1.1 The organizer of the Promotion is Grand Capital.
1.2 The organizer has the right to change the terms of the Promotion at own sole discretion.
1.3 Participants of the Promotion must read and follow the present terms. Ignorance of the terms shall not be used as an excuse when filing a claim.
1.4 Participants of the Promotion shall keep track of any changes in the terms of the Promotion by their own.
1.5 The organizer reserves the right to cancel the Promotion at any time.
2. Participants
2.1 All Clients of the organizer can participate in the Promotion.
2.2 The Client must verify his/her phone number and submit a paper proving the identity and a residence place in order to participate in the Promotion.
2.3 Account types eligible for the Promotion: Standard, Swap Free with leverage 1:500 or less.
2.4 The Client is obliged to place a deposit, hereinafter referred to as the “Deposit”, during the Promotion to receive the bonus. A Client shall receive bonus after each deposit. The volume of the bonus shall be 50% to 200% of the deposit amount, depending on the deposit amount, account type and history of trading at Grand Capital.
2.5 Minimum amount of deposit needed to participate in the Promotion shall be USD 200.
2.6 Maximum amount of bonus shall not exceed USD 20,000.
2.7 Employees of the organizer, as well as their relatives shall not take part in the Promotion.
2.8 Account used for the Promotion shall not be used for other Promotions of the company.
2.9 Bonus funds received during any other Promotion organized by the company must be deducted from an account before it’s usage for Personal Bonus, if all other conditions of the Promotion are met.
2.10 A ratio of the Client’s own funds to the bonus amount to beset for the account used for the Promotion. The bonus ratio to be set at the moment of the first deposit.
3. Placing a bonus request
3.1 The Client shall place a request for participation in the Promotion in their Private Office by contacting the company’s Client support or the Client’s personal manager in order to receive the bonus under the Promotion.
4. Receiving the bonus
4.1 After the bonus request is processed by the company’s Client department in three working days, the bonus funds shall be deposited to the trading account.
4.2 Bonus funds are granted for up to 3 months. A renewal of the bonus for up to 6 months is possible if the Client deposits at least 50% of the previously received bonus to the account used for the previous Promotion.
4.3 The company may refuse to provide the bonus funds or reverse already transferred funds without any explanation.
4.4 Further deposits into account before the Promotion is ended can also be eligible for Personal Bonus.
4.5 If there’s a suspicion of fraud, Promotion abuse, or forgery of papers provided by the participant, the account shall be banned and the Client will be denied service. Another possible ground for reconsideration of the results shall be a weak trading activity on the account, e.g.: one major trade or several minor trades placed approximately at the close time with close prices, meaning one main trade was divided into smaller ones. To prevent such a fraudulent activity and money laundering, the company reserves the right to deduct bonus funds and/or decline granting the bonus at any time without warning at its sole decision.
5. Usage of the Bonus
5.1 The Deposit shall be unavailable for withdrawal until the Client spend or foregoes the bonus. All funds on the trading account used to get the bonus shall be divided into two parts until the bonus is worked off: the Client’s own funds and the company’s funds, according to the personal fund’s ratio.
5.2 Personal funds ratio = deposit / (deposit + bonus).
5.3 When trading on an account with bonus funds, the Client's personal funds are used first. Profit is distributed proportionally between own and bonus funds, according to the ratio of personal funds.
5.4. In case of a suspicion of any fraudulent actions with the bonus in the Client’s trading strategy, the company reserves the right to adjust the result of trading operations. The part of profit received using the bonus funds will be nullified.
5.4.1. Internal transactions from the account with bonus funds accrued under the Personal Bonus program are treated as withdrawals.
5.4.2 Internal transactions to the account with bonus funds accrued under the Personal Bonus program are not treated as deposit.
5.5 Multidirectional trading is prohibited on accounts with bonus funds, including using different accounts, including accounts opened with other companies/brokers. In case of suspicion of multidirectional trading using the company's bonus funds, the company reserves the right to cancel the trading results.
5.6 If Client request withdrawal before bonus funds have transferred into a client’s ownership bonus funds fully granting from trading account by the Company.
5.7 The bonus is marginal, i.e. does not participate in the drawdown and is debited when the Free Margin indicator becomes equal to the value of the received bonus.
5.8 Withdrawal of funds from the account with bonus become available after making a needed trade volume. The needed trade volume is 1 lot for each 2 USD of bonus funds. Only trades with a financial result that exceeds the average spread on the instrument of the trade 2 times or more are taken into the count of the trade volume. Multidirectional trades on the same instrument, as well as instrument that have a high degree of price correlation, will not be taken into the count of the trade volume.
5.9 The Bonus Funds are written off in full if one or more positions on the account are closed by Stop Out and there are no own funds left on the Client’s account. 5.10 In case of non-fulfillment of the conditions for making the required volume of trading described in clause 5.8, within 60 days from the moment of bonus receipt, the Company reserves the right to write off bonus funds from the client's trading account and adjust the financial result on the client's trading account in proportion to the share of the client's deposit and the amount of bonuses received, based on the Personal funds ratio.
6. Transfer of Bonus into a Client’s ownership
6.1 The bonus funds can be transferred into the Client’s ownership in case the Client demonstrates high trading activity. Trading volume required to transfer bonus funds in ownership is described by the formula: (bonus amount + bonus part of the profit) / 2. Only trades with leverage up to 1:500 are counted towards working off the trading volume.
6.2 To transfer bonus funds into ownership, the Client must submit a request to the company’s technical support team. This request must be made through the Client’s Private Office or via email after the bonus period ends or at the moment the Client decides to forego the bonus.
6.3 The request can be submitted in free form via email or by contacting the company’s Client support in the Client’s Private Office after the end of the period the bonus was granted for, or at the moment of foregoing the bonus.
6.4 Partial transfers of bonus funds into the Client’s ownership are strictly prohibited. The full amount of the bonus must be transferred in a single transaction.
6.5 The minimum amount of bonus funds eligible for transfer is 40%. If the trading volume requirements are not met for this minimum amount, the bonus will remain ineligible for transfer.
6.6 Only trades involving instruments of the categories FOREX MAJORS, FOREX EXT and FOREX EXT 1 are counted towards working off the trading volume.
7. Claims
7.1 All claims concerning the Promotion can be sent to support@grandcapital.net .
7.2 All claims concerning the Promotion must contain full name and address of the Client, account ID, as well as a detailed description of the problem.
