Hi All. Another nice offer from Vantage FX. Open a live MT4 STP account with $500 deposit, you will receive $250 welcome bonus.
New accounts only.
see full T&C: https://www.vantagefx.com/forex-trading/conditions/
Open a New Live MT4 STP Trading Account with Deposit $500, Get $250 Bonus @ Vantage FX
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you can withdraw this $250. let's say you deposit $500, get $250 bonus.
Then you trade 1 lot FX, you can get $2 from this $250 into $500, which is $502 your balance, $248 bonus.
$502 is available for withdrawal.
I read that as: you get $250 credit. It will provide you with a bigger investment pool. But the credit doesnt belong to you and you can never take it out.
Warm? Or not?
$250 is not tradable but you can use the credit to lower your cost to trade.
Every lot FX you trade, you can get $2.
It is so confusing my head hurts
No doubt you can't withdraw that $250 until you've traded $250,000 or more.
Vantage FX will offer this to new and existing clients at its discretion. If you have been emailed this offer, you qualify. Other existing clients who wish to participate, please contact [email protected].
This offer is valid for standard and Islamic account holders only.
Clients must make an initial deposit of up $500 to participate (“original deposit”) in this offer. Valid for deposits from 24 January 2018.
Clients must opt-in to be part of this promotion by expressly confirming his or her decision by submitting the online form at https://www.vantagefx.com/get-trading/promotion-opt-in or by emailing [email protected]. They are to then contact their account manager to confirm eligibility.
The trading credit is 50% of your original deposit, up to $250 Credit. The credit amount will be credited to your account within 24 business hours after the deposit is received and verified by our team. Internal transfers, balance or cash adjustments, Introducer/Affiliate rebates or commissions of any kind will not be considered new deposits and therefore will not be counted towards this offer.
Credit amounts cannot be withdrawn. Profits made will be reflected in your Account Value. Similarly, any losses made will be deducted from your Account Value.
For every 1 standard lot that is traded on your FX account, Vantage FX will convert 2 units of Credit in your FX account to 2 units of real balance in your Account’s denominated currency. Only transactions in relation to maintaining open positions will be counted towards lots calculation. Please note that 1 lot = 100,000 units of the first named currency (i.e. the base currency) of the currency pair.
Your trading credit is adjusted as you earn rebate (up to the same amount of rebate). For example, if you earn $10 AUD dollars in rebate, we will reduce your trading credit by 10 Credit Units. Refer to table 1.0 for more details
“Real equity” can be withdrawn at any point in time.
Unconverted trading credit cannot be withdrawn and will be reset to zero at the end of this offer.
You may withdraw your original deposit at any time – however, if you opt to withdraw, your 50% trading credit will also be removed from your account accordingly. If part of your original deposit is withdrawn, your 50% bonus will be removed on a pro rata basis, therefore a partial trading credit removal will take place.
If your account equity is less than the trading credit on your account, the remaining credit may be withdrawn at our discretion, which could in turn force a stop out of all open positions on your account.
Daily calculation of lots is made at 00:50 platform time GMT+2 and is calculated to end of day. The trading credit will convert as a cash deposit into the client’s existing trading account automatically on a daily basis.
This promotion commenced on Monday, 22nd January, 2018. Any trading activity before this date will not qualify for this promotion unless specifically authorised by Vantage FX.
This program can be retracted at any time of Vantage FX’s choosing and account eligibility will be subject to our discretion.