Account Shall mean a MetaTrader 5 (MT5) Standard Netting/Hedging Account. (Available for MT5 only)
Bonus 50% Deposit Bonus on first time deposit and 50% on recurring deposits subject to prevailing cumulative maximum bonus allowance of 2500USD.
Bonus Removal Total bonus will be removed on withdrawal and/or a margin call.
Clients Shall mean clients of RMDTRADER who have verified profiles.
Effective Date Date on which the Bonus becomes effective.
Expert Advisors (EAs) Programs that run on the MetaTrader 5 (MT5) platform, used to monitor, and trade financial markets using algorithms.
Expiry Date Date on which the bonus offering expires.
Financial Instrument Commodities, Cryptocurrencies, Forex and Indices
Leverage A Ratio in respect of the transaction value and initial margin i.e. 1:500 ratio means that the initial margin required will be five hundred times less than the transaction value.
Margin The necessary guarantee funds to open positions or to maintain open positions, as determined in the contract specifications for each underlying in a financial instrument.
Margin Call Occurs when margin levels fall below the minimum required level and is defined as follows:
A demand for such cash amounts or other assets by way of margin, as RMDTRADER may require for the purpose of protecting itself against loss or risk of loss on present, future or contemplated transactions under this trading Agreement.
Margin Call Level The Margin Call Level for a client account is 50%. RMDTRADER issues a margin call when equity is 50% below margin. Please note that in the event of this occurring, the MT5 system will notify you whereby the color of your margin requirements will change to red, indicating you have reached margin call level. All credit will be removed immediately once an account reaches the Margin Call Level.
Maximum Bonus Cumulative 2500USD.
Number of Accounts A Client shall be limited to a maximum of three (3) accounts which qualifies for a bonus.
Required Margin The amount of margin required to open a position. It is expressed as a percentage (%) of the “full position” size or “notional Value” of the position you wish to open. Required Margin is the amount of money that is set aside and “locked up” when you open a position.
A margin percentage of at least 100% should be always maintained. Should a clients’ covered margin requirement fall below 100%, the client will have to make a deposit or close some of the open positions/cancel pending orders.
Strategies Trading strategies are the use of specific trading techniques, manual or automated, to generate profits from the purchase and sale of financial instruments in the various markets.