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Bonus Policy

Bonus (Credit) Terms and Conditions 

A Bonus means the bonus offered by RMDTRADER to qualifying RMDTRADER clients, on deposits made, in accordance with the terms set out herein. 

1. Definitions

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. 

2. Introduction

All clients of RMDTRADER who meets the qualifying criteria, as set out below in Section 4, shall be eligible for the credit bonus on new deposits up to the maximum cumulative credit amount. 

3. Terms of Credit Bonus

Bonus Criteria 

50% on FIRST TIME deposit 50% on recuring deposits subject to maximum bonus allowance specified in 

Bonus start date 

As per notification email to be sent 

Maximum Bonus 

Cumulative 2500 USD 

Bonus Expiry 

 

Account Type 

A RMDTRADER Standard Netting/Hedging Account(Available for MT5 only) 

Account Currency 

USD 

Margin Call 

50% 

Stop out Level 

0 

Negative balance protection 

No 

Minimum qualifying deposit 

$20 

Minimum re-deposit amounts 

 

Instruments 

Commodities, Cryptocurrencies, Forex, Indices 

Bonus removal 

Any withdrawals and on margin calls 

Internal transfers 

When funds are transfer from trading account to wallet the credit will reduce accordingly. 

Bonus amount withdrawal 

No 

Withdrawals 

Total bonus will be removed on withdrawals 

Prohibited Strategies 

a. Use of automated systems in the form of Expert Advisors to exploit the trading system and the promotion offered. 

b. Use of auto clicker software to emulate human manual trading to camouflage the use of automated systems to exploit the trading system and the promotion offered. 

c. Use of fast feeders to take advantage of network lags in pricing in the trading platform in the form of One Leg Arbitrage trading, Two Leg Arbitrage trading, Lock Trading arbitrage in more than one account etc. 

d. Using automated system and hedging techniques to churn the accounts for generating referral commissions on client accounts and in your own trading account. 

e. Utilizing Credit (deposit) bonus to do bonus arbitrage by hedging trades in two different accounts to blow one account and maximize the other account. 

f. Exploiting GAP trading strategy by taking two opposite side trades in two accounts resulting in one account going into deep negative and one in large profit and then requesting for negative balance correction in the negative balance account.

4. Terms and Conditions

4.1 In order for a client to be eligible to participate in the Bonus Scheme he must have opened a RMDTRADER Standard Netting/Hedging Account with the Company as per the Account Opening T’s & C’s. Client Profiles with Mirror Trading Platform accounts shall not be eligible for any Bonus. 

4.2 The Client hereby acknowledges, confirms, and accepts to be legally bound by the Terms and Conditions as set out in this Bonus Agreement and/or any other legally binding Agreement between the Client and RMDTRADER. 

4.3 The Company has the right to refuse, amend, alter, or terminate this Bonus Scheme and the participation date at its sole discretion, and at any time without notice. 

4.4 If the Company suspects or has reason to believe that a Client has abused and/or manipulated the Terms and Conditions of this Bonus Scheme by participation in any of the disallowed strategies, and or any other abuse and/or manipulation techniques, and/or has not acted in good faith, the Company reserves the right, at its absolute discretion and without obtaining the Client’s consent, without notice, to remove the Bonus Scheme from the Client’s Trading Account(s) or from his winning hedged Accounts. 

4.5 The Company, at its sole discretion and without prior notice to clients, may in exceptional circumstances, close any position that may result in or cause any risk to the client or the Company. The Company reserve the right to close any positions before any market closing time at the Company’s own discretion. 

Risk warning: Trading an intricate leveraged product such as Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may result in the loss of all your invested capital. As a result, CFD’s may not be appropriate for all investors. You should be fully aware of and understand the specific characteristics and risks associated with the relevant products before trading in these products.

License Info: RMDTRADER is approved by the Financial Services Commission (FSC) Mauritius as a Global Business License holder under Section 72 of the Financial Services Act 2007 (Company number: 167074 C1 GBL) and as an Investment Dealer (Full Service Dealer, excluding Underwriting) under Section 29 of the Securities Act 2005 (Licence number: C118023752)

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