Client agreement
1. Introduction
Weltrade is official registered trademark of Systemgates Ltd, a company incorporated at Saint Vincent and the Grenadines with company number 24513 BC 2018 with a registered address at unit Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines. Depending on the services you want to use and on the country where we are incorporated and with which your account is or will be registered, the term “Company” or “WELTRADE” hereafter, means or relate to one of the following:
- - Systemgates LTD, a company incorporated as IBC in Saint Lucia with company number NO. 2023-00055, registered address at 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, - for services of currency conversion (exchange) operations and brokerage on the Forex market;
- - Systemgates Ltd, a company incorporated at Saint Vincent and the Grenadines with company number 24513 IBC 2018 with a registered address at unit Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines - for services of CFD contracts, e.g. CFD metals and commodities, Stock CFDs, Index CFDs.
Partner Company Sofiante LP with company reg. number LP1881 provides content and operates the site, with its registration address at Office 29, Clifton House, Fitzwilliam Street Lower, Dublin 2, Dublin, Republic of Ireland.
Weltrade offers services of currency conversion (exchange) operations on the Forex market, CFD metals and commodities, Stock CFDs, Index CFDs, Forex operations and CFDs to other financial instruments including SyntX and baskets to any individual or corporate entity (hereinafter referred to as the Client) according to the procedure and on the terms and conditions described in this Agreement.
The English version of the Client Agreement is the main version for all website editions.
The Agreement becomes effective as of the date when the Client opened a trading account and transferred funds to the Company's account(s) to ensure minimum trading deposit.
1.1. This Client Agreement is entered into by Weltrade and the Client who successfully registered at the official website (hereinafter referred to as “Client”).
1.2. Depending on the services you want to use and on the country where we are incorporated and with which your account is registered as it described above, the agreement will be governed by Laws of Saint Lucia if the Client agreement is made with Systemgates LTD (Saint Lucia), place of court hearings in case of any claims – Saint Lucia or will be governed by the Laws of Saint Vincent and the Grenadines if the Client agreement is made with Systemgates Ltd (Saint Vincent and the Grenadines), place of court hearings - Saint Vincent and the Grenadines.
1.3. The Agreement sets forth the relationship between the Client and the Company including but not limited to: orders’ and Transaction execution, Client policies, payments and/or payouts, claims resolution, communication and other aspects.
1.4. Any possible arguments between the Client and the Company will be settled in compliance with the Agreement unless stated otherwise in accordance with relevant Law defined in art.1.3.
1.5. By entering into the Agreement the Client guarantees that he/she is a person of a legal age. In case the Client is a legal entity, it guarantees the entity is capable and no other parties are eligible to perform any actions, claims, demands, requests, etc in respect to the Client’s trading account. The Client guarantees that he/she is not a resident (incl.tax resident ) of the USA, Canada, Russia and Belarus, EU or any other Jurisdiction where activities under this Agreement are illegal or needs additional government acceptance or banned by the FATF or UN sanctioned.
1.6. All the operations on and with the Client’s trading account are performed in full compliance with this Agreement unless stated otherwise.
1.7. The Client has no right to bypass fully or partially his/her obligations by the Agreement on the basis that it is a distance contract. The Client may not assign, charge or otherwise transfer or purport to assign, charge or otherwise transfer the Client’s rights or obligations under the Agreement without prior written consent of the Company and any purported assignment, charge or transfer in violation of this term shall be voided. The Company may at any time transfer or assign any of its rights or obligations under this Agreement to a third party. The Company undertakes to notify the Client of the assignment.
1.8. The Agreement becomes effective as of the date of its acceptance by the Client. Weltrade services become available for the Client after the Client opened a trading account and transferred funds to the Company's account(s) to ensure minimum trading deposit.
1.9. Weltrade owns all intellectual property rights in and attached to our Website, TM and Weltrade station or, if anyone else owns those rights, we have obtained a licence to use them. This includes, but is not limited to, copyright in and attached to the texts, graphics, designs, logos, photos, videos, graphic user interface, databases and software made available by us to you. Together, we refer to these as “Intellectual properties”. All Intellectual properties are protected by copyright laws and treaties around the world. All such rights are reserved by us. We also assert our right to be identified as the author of all Intellectual properties.
1.10. Under the provisions of current legislation in the effective jurisdiction, a distance contract is legally binding upon the contractors without the requirement of a signature. The Client hereby acknowledges that this Agreement and all of the terms and conditions thereof are legally binding upon him and breach of any of the terms and conditions of this Agreement shall give rise to possible legal actions, should out-of-court settlement does not prove of a sufficient settlement method of any matter arising out of or in connection with any term or condition of this Agreement.
1.11. The Client hereby acknowledges and agrees that by completing and submitting the online registration form at the official website shows his approval of this Agreement.
2. Terminology
Order – the Client's request to the Company to enter into Transaction, i.e.: to open or close a position when the price reached the specified level.
Currency contract – Currency pairs available for trade.
Currency – any well-known currency including precious metals or Financial instruments available for trading on the WELTRADE website.
CFD contract – contract for difference of financial instrument available for trade.
Currency pair – Forex instrument based on the exchange rate of one currency vs another.
Financial instruments — currency pairs, including stocks, metals, SyntX (artificial instruments based on the random number generation) and baskets (composed derivative instruments based on other financial instruments), and other assets pairs and CFD contracts on them available for trading.
Transaction – (a) set of trading operations when funds (assets) are transferred from base currency into quote currency and back and (b) shall mean any type of transaction performed in the Client’s account including but not limited to purchase and sale transactions involving Financial Instruments, deposits, withdrawal etc.
Hedged positions – equal long and short positions of the same instrument on the same trading account.
Open position – buy (sell) order not covered by the opposite sell (buy) order.
Margin Trading – speculative trading using leverage from a broker to increase the volume of contracts.
Lot – a volume of order.
Due Diligence – procedures aimed to identify the Client and verify the Client’s personal data.
Equity – current state of an account, calculated as balance + floating profit - floating loss.
Floating Profit/Loss – unfixed profit/loss on open positions with floating exchange rates.
Free Margin – funds in trading account used to open new positions, calculated as equity - margin.
Margin – necessary deposit amount to open orders, calculated as lot size*lot volume*current price/leverage and is equal to 0.5% (with 1:200 leverage) of the total amount of opened positions.
Margin Level – an indicator of the state of an account, calculated as (Equity/Margin)*100%.
Stop Out – is the level below which the most lossmaking transaction is forcibly closed at the nearest quotation and is calculated using the following formula – (Equity/Margin)*100%.
Stop Level – pending orders, Take Profit and Stop Loss can be placed at the price which differs minimally from the current price by the Stop Level value in a contract specification.
Base currency – currency (including other assets) unit in which subaccount, all balances, fees, and payments are nominated and calculated.
Balance – amount in the Client's or broker's secure trading account after closing the last transaction during any period of time.
WELTRADE Station means licensed software used to make orders.
Spread – difference between buy and sell rate of a currency pair or CFD contract at a given moment.
Swap – funds that are deducted from or added to the Client's or broker's secure trading account for prolonging (carrying over) a position to the following day. From Wednesday to Thursday swaps are tripled.
MTP - minimal difference between the opening and closing order’s price in pips.
Dealer – the Company employee processing the Client orders.
The Company's business hours — time during which the Company's terminal processes orders with standard currency contracts and standard CFD contracts. This time represents a continuous period of time between 00:00 hours EET of Monday and 23:59 hours EET of Friday (for Forex) and 7 days a week around the clock for symbols based on Digital currencies (baskets). Order processing can be limited or unavailable from 00:00 hours EET till 00:05 hours EET daily from Monday till Friday due to special technical pricing procedures at the start of the new business day. Price flow for specific trading instruments with limited trading hours can be limited at the beginning of trading session due to insufficient liquidity.
Buy rate (ASK) – rate at which the Client may buy a traded currency.
Sell rate (BID) – rate at which the Client may sell a traded currency.
Point is a historical price change for a particular trading instrument. A point and a pip are not necessarily identical. A point - in Forex it is the 4th decimal places for all currency pairs with an accuracy of 5 decimal places, and 2d decimal places for all currency pairs with an accuracy of 3 decimal places. For oil and metals, point is the second decimal place. Usually, there are 10 pips in one point (excluding silver).
Pip, pips is the minimum possible change in the quote price in the last decimal place. It depends on a symbol accuracy. In the case of an increase of a symbol accuracy a pip will decrease accordingly.
SyntX(s) — are artificial instruments based on the random number generation, they are “artificial or non-real”, created by the Company instruments that are based on the real market behavior of real instruments and are not related to or sourced from any asset. SyntX(s) are the intellectual property of the Company.
3. Services and Charges
3.1. Subject to the Agreement, the Company will offer the following Services to the Client:
3.1.1. Receive and transmit trading orders or execute trading orders for the Client using the provided trading Financial Instruments.
3.1.2. Provide the Client with a trading Platform (WELTRADE Station).
3.1.3. Provide the Client with other services offered on/by WELTRADE.
3.2. The Company’s services include WELTRADE Station, member's area, other services which are available for clients and any third parties’ services offered along with the Company’s services.
3.3. The Company shall carry out all Transactions with the Client on an execution only basis. The Company is entitled to execute Transactions notwithstanding that a Transaction may be not suitable for the Client. The Company is under no obligation, unless otherwise agreed, to monitor or advise the Client on the status of any Transaction; to make margin calls; or to close out any Client’s Open Positions.
3.4. The Client shall not be entitled to ask the Company to provide investment advice or to make any statements of opinion to encourage the Client to make any particular Transaction.
3.5. The Company shall not provide physical delivery of the Asset of an Instrument in relation to any Transaction. Profit or loss in the Currency of the Trading Account is credited/ debited from the Trading Account once the Transaction is closed.
3.6. The Company will not provide personal recommendations or advice on any specific Transactions.
3.7. In providing the Client with reception and transmission and/or execution services the Company is not required to assess the suitability of the financial instrument in which the Client wishes to transact, nor the service(s) provided or offered to him.
3.8. The Company reserves the right, at its discretion, at any time to refuse to provide the Services to the Client and the Client agrees that the Company will have no obligation to inform the Client of the reasons.
3.9. The Company reserves a right to reject the Client by returning him/her his/her the current balance of initial deposit at any time, in case the Company deems it appropriate and necessary (including but not limited to as the result of Client’s malicious, illegal, inappropriate, fraudulent or in any other way inacceptable actions) or according to the AML policy. The Сlient agrees that The Company has a right to deduct from the balance of the Сlient's funds or withhold in payment of any fees, commissions, other payments established by the Сompany that are payable by the Сlient, as well as compensation for any direct or indirect losses caused by the Сlient of the Сompany.
3.10. Market commentary, news, or other information is a subject to change and may be modified at any time without notice. The information can under no circumstances be considered as a direct or indirect trading advice.
3.11. Any trading decision made by the Сlient is his/her sole responsibility. The Company is not liable for consequences of such decisions.
3.12. The Client agrees that the Company can modify, add, rename or cancel any or the scope of the services offered in this Agreement partially or completely without prior notification. The Client also agrees that the Agreement is applied to the services which, may be modified, added or renamed in future in addition to the services provided by the Company at present.
3.13. The Company is under no circumstances a tax agent or investment adviser. The Parties comply with their tax and/or any other obligations independently and on their own.
3.14. The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Agreement. The Company will display all current commissions, charges and other costs at its Website.
3.15. The Company may modify commissions, charges and other costs from time to time without prior notice. All changes in commissions, charges and other costs are displayed at the Company Website.
3.16. The Client undertakes to pay all possible stamp expenses relating to this Agreement and any documentation which may be required.
3.17. The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
3.18. The Company is not liable to disclose any reports regarding profits, commissions and other fees received by Company from Client’s trading, unless stated otherwise by the Agreement.
3.19. The Client grants the irrevocable power to WELTRADE to offset any charges or fees from his/her account when the payment is due.
4. Client and Company Responsibilities
4.1. The Client is notified and agrees that the Company cannot be held liable for the Client's actions or inactions during conversion operations or any other activities within WELTRADE station. Responsibility for trade account standing is borne by the Client.
4.2. The Company reserves the right to amend and complement this Agreement by publishing amendments on the official Company website. Amendments come into force from the date of their publication.
4.3. All powers and obligations of the Company and the Client represent a long-term commitment, which remains in force up until the Company receives the Client's notice of termination of this Agreement or closing his trading account.
4.4. The Company cannot be held responsible for non-fulfillment of any obligations involving quality of online communication of information to the Client terminal or use of information, software, and interfaces of websites which do not belong to the Company.
4.5. The Client realizes that any market recommendations and information communicated to the Client by the Company, its representatives, or third parties do not constitute an offer to make an operation/transaction.
4.6. The Client realizes that any payments which the Client makes using the banking details received earlier than 24 hours prior to the payment time or not at the appropriate sections of the Company website, which differ from the Company's current banking details do not entail the Company's liability or obligations concerning the search, refund or credit of this payment to the Client's trading balance.
4.7. The Client realizes that any actions committed by the Client or third parties (through the Client's fault or with the Client's participation), which destabilize the Company's business or performance of the Company's services, equipment, or software may result in the Company's denial (on the basis of private law) of servicing the Client's current trading account and cancellation of all orders, with full refund of the current account equity. The Company must notify the Client about the reasons for the above decision. The Company also may deny the Client a registration and servicing of a new trading account in the future.
4.8. The Client declares and guarantees that:
- - The Client is of sound mind and memory, of full age, and financially solvent
- - The Client is able to trade on Forex and CFD markets
- - information which the Client provided to the Company is true and correct
- - The Client shall notify the Company about any and all changes in this information within one day after the change took place
- - the e-mail address stated by the Client is not an e-mail address of general, group, or common use with third parties. Any and all notices, requests, complaints, and information received from this address are considered coming from the Client and to be accurate.
4.9. The Company may request from the Client a confirmation of accuracy of the personal account data due diligence and in the event of cash withdrawals. The Company may require a notarized copy of the Client's ID and the document proving his place of residence.
4.10. The Client agrees to provide all documents and notices, procure registration of documents, and take all other actions which the Company may deem necessary or desirable at its own discretion in accordance with the Anti Money Laundering Policy. The client unconditionally guarantees that the source of the funds used for trading with WELTRADE is legal and the funds were not received as a result of any illegal activity, fraud, money laundering or other illegal sources. Failure to comply with this rule will lead to account termination and a report to the legal authorities in all cases without exceptions. IN NO CIRCUMSTANCES the company or its partners and/or subsidiaries will bear any responsibility for any claims or complaints if such case arises.
4.11. In case double registrations of the same Client with different email addresses are revealed, the Company has the right to cancel such additional registrations.
4.12. Execution of current and pending orders may be limited or unavailable due to technical and routine maintenance on the Company's servers or equipment of the Company's hosting providers. Execution of current and pending orders may be limited or unavailable at the request of the liquidity provider due to the market situation.
4.13. The Client acknowledges that the Company bears no responsibility for any unauthorized third persons obtaining access to information, including logins, passwords, electronic currency accounts access, emails, electronic addresses, electronic communication and personal data, when the above are transmitted, using the internet or other network communication facilities, post, telephone, during oral or written conversation or any other means.
4.14. You agree to indemnify, keep indemnified and hold harmless WELTRADE and our officers, directors, employees and agents, from and against any claims, liabilities, damages (direct, indirect and consequential damages), losses and expenses (including reasonable legal fees), arising out of or in connection with (a) your breach of these Terms (b) your improper use of our Platform or connected Services, and (c) your breach of any laws, regulations or third-party rights or (d) any losses connected to trading activities or (e) any authorities claims if your activates in WELTRADE is illegal or taxable or needs special permits in your country.
5. Customer Risk Notification
5.1. The Client understands that the risk of suffering trading losses may be quite significant. The Client should analyze his financial capabilities before engaging in trading operations.
5.2. The Client realizes that he may completely lose all his initial funds and any additional funds used when trading on the market.
5.3. The Client agrees that the Company cannot be held responsible for the Client's losses caused, directly or indirectly, by the government restrictions, restrictions of foreign exchange or market rules, suspension of trading, military operations, or other conditions usually called the 'force majeure circumstances' which lie beyond the Company's control.
5.4. The Client was informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of Internet communication nodes.
5.5. The Client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals. The Client's losses and risks associated with the restoration of access to the trading account place no obligations on the Company, other than to provide new access data to the Client upon sufficient and unambiguous identification of the Client as the holder of this account.
5.6. Forex trading and/or forex margin trading involves substantial risks. Forex trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, acts of nature and other factors, all of which may substantially affect the price or availability of one or more foreign currencies or other assets. Speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved. Only funds that a person would allocate to high-risk investments (i.e., funds that if lost would not affect the person's standard of living or financial well-being) should be used in trading. In cases where the Client has used only conservative forms of investment in the past, forex trading might not be appropriate for the Client. The Client must understand that a total loss of all funds deposited can occur, should the market go against the Client's position(s).
5.7. WELTRADE does not and cannot guarantee the initial capital of the Clients' portfolio or its value at any time or any money invested in any financial instrument. The Client should unreservedly acknowledge and accept that the client runs a great risk of incurring losses and damages as a result of the purchase and/or sale of any Financial Instrument and accepts and declares that they are willing to undertake this risk. Clients should not engage in any investment directly or indirectly in Financial Instruments unless they know and understand the risks involved for each one of the Financial Instruments.
5.8. There are certain risks due to the nature of internet-based trading. These may include but not be limited to, the failure of hardware, software, and Internet connection. Since WELTRADE does not control internet providers, their equipment and technology, internet connection speed or reliability, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet.
5.9. The Client acknowledges that the Company bears no responsibility for any loss or damage or harm which arose due to a Force Majeure Event. The Company may, in its reasonable opinion, determine that a Force Majeure Event exists, in which case the Company will, in due course, take reasonable steps to inform the Client. A Force Majeure Event includes without limitation any act, event or occurrence (including, without limitation, any strike, riot or civil commotion, terrorism, war, act of God, accident, fire, flood, storm, interruption of power supply, electronic, communication equipment or supplier failure, civil unrest, statutory provisions, lock-outs, any law, rule or other authority decision which make impossible to continue with services providing, etc.
6. Terms of Transactions and Payment Procedures
6.1. Terms of transactions
6.1.1. The Client may issue only the following trading instructions using electronic access:
- - OPEN - to open a position;
- - CLOSE - to close a position;
- - to place (delete, change) Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop orders, and also Sell Stop Limit, Buy Stop Limit orders for MetaTrader 5 terminal.
The Company cannot accept and will automatically deny any other requests.
6.1.2. A confirmed request to open/close a position cannot be canceled, changed, or withdrawn.
6.1.3. Orders are executed at the Bid / Ask prices proposed by the Client, which he sees in the window of сlient's trading terminal. During trading session the Client may select a desired operation and place a price confirmation inquiry with the dealer. The Company reserves the right to increase declared spreads during excessive market volatility and/or insufficient market liquidity.
6.1.4. If the price has changed while the inquiry was processed, or in the event of increase of market volatility dealer may offer the Client a new price, in which case the dealer's response time may increase until the price will be certain.
6.1.5. Dealer may decline the Client's instruction to open a position, if the free margin is lesser than the margin required to secure this position.
6.1.6. Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if current market situation does not correspond to order conditions at the moment of execution, The Company reserve the right not to execute an order or revise an order opening (closing) price based on the first tick at the opening of a trading session, and in the event of a technical failure of the trading platform, which affected the financial instrument quotation flow, or other technical failures.
6.1.7. When the market is opened for CFD on stock indexes, Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if a current market situation does not correspond to order conditions at the moment of execution.
6.1.8. The Client cannot change or delete current and pending orders, if price has reached the order execution level.
6.1.9. Forced closure of open positions (Stop Out) on the Client's account happens when the Margin Level reaches 10%. However, if there are more than three open positions, the Company reserves the right to close some of the most unprofitable orders, when the Margin Level reaches 20% in order to avoid negative balance on the fast (volatile) market.
6.1.10. The Company may suspend its operations or revise the Client's orders for the following reasons: failures on part of Internet access providers, failures in information flows, hacker attacks, and other illegal actions against the Company's servers and equipment, force majeure circumstances, and suspension of trading on financial markets which concerns financial instruments used by the Company.
6.1.11. The Company may revise (change) a trading operation upon discovery of software malfunction within 5 trading sessions after malfunction was discovered. In this case, the Client will be provided data concerning history of at least 2 independent quotation sources.
6.1.12. The Client bears full responsibility for his trading operations using additional functions of the Client trade terminal, such as Trailing Stop or Expert Advisor. These functions and their performance and characteristics directly depend on the Client trade terminal and cannot be controlled by the Company's server.
6.1.13. The Company may change spread amount and parameters of Limit & Stop levels for orders for certain financial instruments at nighttime and during periods of low market liquidity and high volatility of the market.
6.1.14. The Company reserves the right to cancel the orders and refuse services if:
- a) the Client's intentions directed only to open / close trading orders using old / not existing prices;
- b) identified fraud attempts to make profit using particularities of trading conditions and trading equipment;
- c) the Client creates multiple profiles or manages multiple profiles with the purpose to manipulate trading conditions or commercial offers of the Company.
6.1.15. The Company has the right to cancel the Client pending orders, if the Client didn't perform any trading activity during the period of 3 months.
The Company reserves the right to close or set to "close only" mode all open positions and cancel all pending orders associated with a Client's account or profile upon the Client's request to block the account or profile. This action may be taken without prior notice to the Client.
6.1.16. The Company reserves the right to limit maximum amount of active orders on the Client's account.
6.1.17. The Company reserves the right to reduce leverage based upon current market conditions and liquidity provider margin requirements.
6.1.18. The overall result, as well as swaps, for all closed orders on Micro account older than 1 month (older than 3 months for account types Premium, Pro) may be combined into one order, which is recorded in the history of the account. The combined orders are deleted from the trading account history.
6.1.19. MICRO account is designed for training purposes and familiarization with trading conditions and market orders execution quality. Thus, taking into account professional trading skills, the Company has the right to limit trading activity on this account type and propose to transfer trading activity to accounts Premium, Pro. Funds transfer between accounts is free of charge.
6.1.20. The maximum number of current trading accounts cannot be greater than 10 (deleted and archived trading accounts are not taken into account).
6.1.21. The Company reserves the right to cover the Client account negative balance derived from the Client trading operations when trying to manipulate with orders and negative account balance on different accounts, by the Clients' funds on other accounts with the Company.
6.1.22. The Company reserves the right to cancel the Client's trading results on Micro account(s) when equity of a Micro account(s) equals or exceeds 1 000.00USD or its equivalent. In this case, the Client has the right to continue trading on any other types of accounts offered by the Company.
6.1.23. The Company reserves the right to decrease trading account leverage on its own discretion when account equity equals or exceeds 10 000.00USD or its equivalent.
6.1.24. The Company warns that market spreads of trading instruments can exceed the values stated in specifications during the periods of low market liquidity (the beginning or the end of trading day, releases of statistics and news). The Company is not responsible for such expansions.
6.1.25. The Company reserves the right to limit unilaterally the Client’s activity on accounts of one trading server (MT4 or MT5). In this case, the Client has the right to continue trading on accounts of different trading server (MT4 or MT5).
6.1.26. The Company reserves the right to change the Client swap free account status at any time according to current market conditions and liquidity providers requirements or if the Client orders are hedged by counter-orders.
6.2. Payment Procedures
6.2.1. The Client shall fund his trading account within 60 calendar days (30 days for Micro accounts) from the date of its opening for the amount not less than defined by the account type terms (minimum initial deposit).
6.2.2. The Company has the right to archive the Client's trading account with the balance less than 1 (one) USD/EUR, if there were no activity on this account for 60 calendar days (30 days for Micro accounts). When account is archived, the funds from it are transferred to the Safe and the Credit Bonus is deleted. The Client has the right to recover a trading account by contacting customer support.
6.2.3. The Company has the right to archive the Client's trading account if there was no activity on this account for 365 days and there are no open orders on it. When archiving, free funds are transferred to the Safe, and all bonuses on the trading account are written off.
6.2.4. The Company reserves the right to switch the Client's trading account to the read-only mode if the Client does not perform trading operations on this trading account within 90 days, the account balance equals to zero and there are no pending orders on it.
6.2.5. The Client may withdraw funds from his trading account the amount not used to cover the margin, but not more then current balance.
6.2.6. The Client places a funds withdrawal order using the Company website's interface. All the orders have to be confirmed by a unique confirmation code sent to the Client's chosen way of confirmation. The Company is not responsible for any third party access to the Client personal information and withdrawal orders. Once an order has been received, the withdrawal amount is deducted from the Client's trading account or safe box. All payments are final and are not to be returned.
6.2.7. The money will be transferred within five banking days after receiving the Client's order. The security service of the Company has the right to request additional documents and to hold the order up to 10 business days after required documents are received, previously having notified the Client.
6.2.8. The Client will be given the Company's banking details to transfer funds to replenish his trading account via the Company's website, or may place an account replenishment order in electronic (placed using the Company website's interface) or written form.
6.2.9. When replenishing his account, the Client shall use the Company's current banking details received at the Company's website only and effective on the payment date. Current banking details mean details received within 24 (twenty four) hours prior to payment. The Company cannot be held responsible for the funds which the Client transferred to accounts and using banking details different from current, and does not offer search and refund of the Client's payment and cannot credit these funds to the Client's trading balance. Trading deposit replenishment orders may be issued, and current banking details may be received in the appropriate section of trader's office on the payment day.
6.2.10. Deposit/withdrawal fees are payable by the Client (Unless otherwise specified by promotions).
6.2.11. The Company has the right to reject an application for withdrawal of funds in case of discrepancy between the owner/beneficiary of account/wallet in the relevant payment system and the Weltrade account owner as well as in case of discrepancy of depositing and withdrawing payment system and/or account/wallet, and to process only the request to withdraw funds to that payment system and/or account/wallet, from which deposit was done and which is opened in the name of the Weltrade account owner. Herewith profit from the trading operations can not be withdrawn to the payment systems and/or account/wallet that were not initially used to top up the account. The payment system and/or account/wallet may be changed by the Client but upon prior agreement between the Company and the Client and all the AML/KYC procedures and security checks requested by Weltrade are successfully done and such account/wallet is opened in the name of the Client. The Company reserves the right but not the obligation to process the withdrawal requests which are in contrary to the abovementioned but only if it decides that it has reasonable grounds to do so according to the Client’s request and under the client security policy of Weltrade.
6.2.12. When the trading account balance is replenished using direct bank transfer, credit of funds will be made upon their arrival in the Company’s account. The Client who replenishes the account using direct bank transfer has the right to order the funds withdrawal only to the account from which the payment was made. When transferring funds, commission is charged (for international bank transfer).
6.2.13. If the withdrawal of funds from the trading account or My Safe, deposited before using payment card, is made earlier than 30 days after the account was funded, the Company's security department is entitled to request a color scan of both sides of the payment card with the owner signature (only the first 6 and the last 4 digits of its number must be visible, as well as the validity period, name and surname of the owner; the CVV number must be closed) and the Client’s passport for verification. The withdrawal of funds to the same payment card or payment system is possible by prior agreement between the Company and the Client.
6.2.14. The Company reserves the right to reject a request for withdrawal in case of an explicit intention to exchange customer funds from one payment system to another.
6.2.15. Replenishing account balance using credit cards of third parties is prohibited.
6.2.16. If the total summary profit equivalent more than 10 000.00USD in all trading accounts, The Company has the right while processing withdrawal order to reject such withdrawal to the account in paying system not confirmed by the Company.
6.2.17. The Client confirms that he has read the terms and conditions of the service.
6.2.18. The Client confirms that he knows the legislation of the country of his residence concerning the use of cards for payments for goods and services through the Internet.
6.2.19. The Company reserves the right to cancel payment service fees compensation.
6.2.20. The Company has the right to temporarily suspend any Сlient's transaction of replenishing any account within the system and request additional documents to verify the Сlient and analyze his operation for AML if such transaction is carried out by the Сlient using a payment / credit card and in the amount of more than 2 000.00USD.
6.3. Terms on trading instruments.
6.3.1. For SyntX(s) instruments, the Company has a right to change spreads, margin requirements, leverage, swaps and restrictions on the maximum total volume of orders without prior notifications. Spreads on SyntX accounts depend on current instrument price. The Client agrees with the possible spread amendments which can be made any time at the Company’s sole discretion.
6.3.2. SyntX(s) instruments prices are updated and/or amended approximately once per second by the random number generator. The SyntX instruments prices are always the same for every client. The tick history of SyntX instruments can be downloaded from MT5 trading platform.
6.3.3. Weltrade reserves the right to amend as well as to impose any restrictions or conditions to the terms of SyntX(s) trading and/or of the SyntX account terms and/or remove the SyntX trading instruments any time without prior notification.
7. Disputes, Complaints and Inquiries
7.1. The parties will try to settle all disputes by negotiation and correspondence. The Company may accept the Client's complaints for review, if these complaints were stated in writing and received within three calendar days after the dispute occurrence date.
7.2. All the Client's inquiries will be considered official and regarded as written inquiries, if these inquiries were placed via the Company's website interface, by e-mail sent to the addresses of the Company's services concerned, or by regular mail. Inquiries placed using online communication programs, such as ICQ or similar, cannot be considered written inquiries.
7.3. The Сlient's complaint should contain:
- - the Client's full name;
- - e-mail;
- - account number;
- - date and time a controversial situation emerged;
- - order number;
- - complaint description.
7.4. The Company reserves the right to decline a complaint review in the following cases:
- - if a complaint does not satisfy the conditions enumerated in paragraphs mentioned above;
- - if a complaint contains vulgar language or insults addressing the Company or its employees;
- - if a complaint contains threats addressing the Company or its employees;
- - if the Client uses threats to denigrate the Company’s reputation in social networks or other resources as an argument.
7.5. The Company reviews the Client complaint within 10 working days from the moment when sufficient data concerning the complaint necessary for its review is received from the Client.
7.6. In case of disagreement upon operations or the state of the Clients trading account the sides review the Client operation protocols based on the Company’s data.
7.7. If the Client will breach any of the above paragraphs, the Company reserves the right to deny the Client its services and make a refund of the Client's deposit. Termination of service and refund of the deposit will come into effect upon expiration of 5 banking days after the Client was sent a notice via internal mail of the trade terminal or by e-mail provided at the time of registration of trading account.
7.8. In case of failure to reach an agreement through negotiations and correspondence within 3 (three) months from the date of the emergence of a dispute its further consideration will be directed towards the justiciability in accordance with the local laws of the country of the Company registration.
8. Confirmation of the Client's Identity
8.1. Verification procedure is obligatory for the Client to perform financial operations.
8.2. The Company has the right to request the Client to confirm his identity and information provided upon registration. For this, the Client shall provide an electronic copy, certified copy or notarized copy of a passport (at the discretion of the Company) as well as a document which proves the Client’s residence address.
8.3. In the case the Client’s registration data (name, address or telephone number) have changed, the Client shall immediately notify the Company's customer service asking to change the data.
8.4. The Client acknowledges that the registration data, referred to them for opening an account can be used by the Company within the measures of Anti-money Laundering Policy.
8.5. The Client is responsible for the authenticity of submitted documents (copies) and recognizes the right of the Company, in case of doubt about their authenticity, to contact document issuing authorities to verify its authenticity and if a falsification of a document is detected, the Company has the right to place a hold on the Client account and conduct an investigation.
8.6. For verification, the Company has the right to request additional documents and photographs confirming the reality of the Client's identity, as well as to conduct video verification via Skype.
8.7. The Company does not provide the services for residents of the USA, Canada, EU, Russia and Belarus.
9. Communicating with Clients
9.1. The Сompany can use to communicate with the Сlient:
- - Internal mail of the MetaTrader trading platform;
- - E-mail the Client provided upon registration;
- - Phone number the Client provided upon registration;
- - Postal address the Client provided upon registration;
- - Messengers;
- - Through the Company News page at the official website.
9.2. The Company will use the details specified by the customer provided upon registration. The Client must notify the Company of any changes in contact information within 3 business days.
9.3. The Client agrees to receive informational messages (mailing) from the Company to the email address and/or phone number, specified when working with the Company's website.
9.4. Any correspondence (documents, announcements, notifications, confirmations, reports, etc.) will be considered as received by the Client:
- - One hour after sending to the Client's e-mail address;
- - Immediately after sending the internal mail in the trading platform;
- - Immediately after the telephone conversation with the Client;
- - 7 calendar days from the date of sending a postal notification;
- - Immediately after placing ads on the Company News page on its website.
10. Termination of the Agreement
10.1. Following Agreement becomes effective as of its acceptance by the Client. The Agreement shall remain in force until terminated.
10.2. This Agreement will be terminated if the following occurs:
- - In the case of one of the parties states a wish to terminate this Agreement;
- - In the case of a complete withdrawal of funds from the Client's trading account, which entails the termination of relations governed by the agreement;
- - In the case the Client breaches the terms specified in the Agreement, the Company may terminate this Agreement unilaterally by notifying the customer of such termination and returning the Customer's funds in full from his/her trading account at the time of termination.
10.3. If the Company terminates the activities regulated by the Agreement:
- - The Company warns the customer for the month prior to such closing;
- - The Company shall pay the Customer the Customer's funds, which are on the account at the time of closing account.
10.4. In the case of death of the Client:
- - The right to demand withdrawal of funds from the Client's trading account goes to the heirs of an appropriate queue or the heirs under the will;
- - The right to use trading account and the right to conduct operations in the financial markets by inheritance is not transmitted.
10.5. The Customer agrees that the Company reserves the right at its sole discretion, suspend or discontinue all or part of the Client's access to the services notifying the Client by means of communication. In this case, this Agreement shall be terminated from the moment the services are stopped.
11. Account Type ZuluTrade
Not available in the region.
12. Partner Program Terms & Conditions
Terminology
An active client is the Client, who accomplishes a trade turnover at the rate of 2 (two) lots within a calendar month. Only lots from discount transaction under the terms of counterpart order are taken into account.
Locked positions - long and short positions of the same size opened on the same instrument in one trading account.
Rebate is a return of a part of the partner's reward to the attracted client.
Referral/attracted client: any physical person who resides and/or located in the Territory and has been introduced by the Partner to the Company via a referral link/code and with whom the Company concluded a Client Agreement.
Partner: a physical person or entity approved by the Company to introduce clients to the Company under the terms and conditions of this Agreement.
Partner Commission: the amount payable to the Partner
Personal Area: the Client’s personal space on the Company
Promotional Material: any material provided by the Company to the Partner and used by the Partner in order to promote any activity related to the Company or the Site(s) for the purpose of this Agreement, including but not limited to written texts, training materials, advertisements, newsletters, logos, banners, promo links etc.
Prospective Client: any physical person or entity who resides and/or located in the Territory and has been introduced by the Partner to the Company prior to the conclusion of a Client Agreement with the Company.
Representative(s): means, with respect to a particular party, such party’s (i) Affiliates, (ii) officers, directors and employees, (iii) attorneys, accountants and financial advisors, and (iv) officers, directors and employees of such party’s Affiliates, who shall each be legally obligated to observe and perform the obligations of such party and to keep and treat the Discloser’s Confidential Information received hereunder in a manner consistent with the terms hereof.
Web-Site(s): without limitation shall mean the websites www.weltrade.com, that will be used by the Company to communicate to the Partner from time to time or any such other website or sub-domain as the Company may maintain from time to time and communicate to the Partner.
Territory means the country or territories being accepted by the Company from time to time in its sole discretion (GEO Target).
12.1. General Provisions
12.1.1. The Company and the Partner take on the commitments agreed upon, directly related to attracting clients to the conclusion of trading on the tools offered by the Company.
12.1.2. The Partner assumes the rights and obligations set forth in this Agreement to seek and attract clients, as well as other rights and obligations under this Agreement. Fulfilling the commission pursuant to this Agreement, the Partner shall act on its behalf and at his own expense to attract clients to the Company.
12.1.3. The Partner fully accepts that all the involved clients are clients of the Company.
12.1.4. In order for any physical person to become a Partner, the applicant must complete the relevant application procedure. It is up to the Company’s discretion to accept or reject any applicant as a Partner or request additional information and/or documentation from the applicant for further review by the Company.
Upon approval of a Partner application and by acceptance of the present Agreement, the Company grants to the Partner a non-exclusive, non–transferable right to direct Prospective Clients to the web-site(s), including the same rights to use the Company’s promotional materials, subject to the terms and conditions of this Agreement, and the Company may provide the Partner with a respective referral link and referral code, linked to the web-site(s).
12.1.5. The Partner gives the Company the non-exclusive, non-transferable right to use the Partner’s name and/or trademark for free for the duration of this Agreement so that the Company may fulfill its obligations under this Agreement.
12.2. Client Relations
12.2.1. The Partner can provide potential clients with promotional information about the Company, citing the relevant sections on the official website of the Company, as well as other information, which confirms the reliability of the Company and which is provided by the Company or created by the Partner and the relevant consent to use this information of the Company is given prior to the starе of using it.
12.2.2. The Partner guarantees the authenticity and validity of all contracts and documents that provide the Company Partner on behalf of the Client.
12.2.3. The Partner must provide Clients with the necessary accurate information relating to the registration of the Client to the Company's website, provided clarification regarding the Company's services.
12.2.4. The Partner is obliged to inform clients about the risks associated with participation in currency trading and other services provided by the Company in the way the clients are normally informed via the website.
12.2.5. The Company is not responsible for the consequences of providing Partner Clients guidance and advice on the conduct of operations on their account.
12.3. Rights and responsibilities
12.3.1. The Partner undertakes to attract clients to register on the website of the Company on the terms offered by the Company.
12.3.2. The Partner agrees to complete the registration form to open a partnership account with the Company, the authenticity of their personal data.
12.3.3. The Partner must have general information on international financial markets, and be competent in the services provided by the Company.
12.3.4. The Partner must own and inform clients about changes in the Company.
12.3.5. The Partner to provide comprehensive customer support, which belong to his group, time alerts about promotions and other Company news.
12.3.6. The Partner sets the rebate level at his own discretion and can change it at any time.
12.3.7. The Partner has no right to enter into sub agencies and other agreements (agreements, contracts), which can be transmitted powers Partner or a part thereof under this Agreement to any third party, except with the prior written consent of the Company. An assignment of the claim of the present contract is possible only with the consent of the Company.
12.3.8. The Partner has the right to plan and carry out marketing activities and promotions in a way that does not break the Company promotional rules and requirements under this Agreement.
12.3.9. Partner can implement deposit/withdrawal operations with a cash partner account in accordance with this Agreement.
12.3.10. In case of problems associated with doing business and the provision of services offered by the Company, the Partner must seek the advice of the Company, in its entirety by giving the information needed to solve the problem.
12.3.11. The Partner has no right to conduct any transactions with the Client’s trading account.
12.3.12. The Partner has no right to organize monetary relations with Clients on behalf of the Company (including receiving cash payments and bank cards, etc.).
12.3.13. The Partner has no right to involve clients, using illegal methods and techniques. By unlawful means and methods include: providing incomplete information about the risks arising when investing in financial instruments and certain, misrepresentation, deceit.
12.3.14. The Partner must act in good faith and not make any false and/or misleading representations or statements in relation to the Company or the services provided by the Company that the Partner knows or oughtreasonably to know are likely to prejudice or to bring into disrepute in any manner the Company’s business or reputation or that of any of the Company’s and/or Affiliated Entities’ associates.
12.3.15. The Partner agreed to cooperate with the Company: to review complaints by Clients introduced by the Partner, promptly submit any documentation and/or evidence required by the Company in relation to the dealings of the Partner with the Clients, involving the Company in any way whatsoever promptly submit any information and/or documentation required by the Company.
12.3.16. The Partner must perform his/her obligations under this Agreement and otherwise conduct his/her business and affairs in accordance with such professional and ethical standards as are widely regarded as being best practice and in accordance with any applicable Laws or regulations. The Partner shall not take any steps which would cause the Company to fail to observe the standard of behavior reasonably expected of persons in the Company’s position and will comply with all applicable Laws and rules and requirements applicable to the Partner or the Company and disclose to the Company promptly any complaint, regulatory investigation, or disciplinary action or any other development that may have a material impact on the Partner’s ability to provide the services hereunder in accordance with provisions of existing legislation
12.3.17. The Partner acknowledges that he/she is not allowed to register any kind of business that includes the trademarks of the Company.
12.4. The rights and obligations of the Company
12.4.1. Open trading accounts under the Customer Agreement to Clients, attracted by the Partner.
12.4.2. Enables Clients to trade through the system established by the Company logins and passwords.
12.4.3. Exercise control over the activities of the Partner`s performance of its functions and duties under this Agreement.
12.4.4. The Company is obliged to carry out the calculation with a Partner in the revenue by charging commissions on the partner account.
12.4.5. The Company is entitled to request a full report on progress and achievements of the Partner in attracting new clients.
12.4.6. The Company agrees to pay (to transfer the Company partner’s account) a Partner commission once an hour which will be available for withdrawal. The Company pays a Partner Commission for referral Clients, except in the following circumstances:
- - When the Client and the Partner are the same person/entity
- - When the Partner acts in breach of the terms of this Agreement.
12.4.7. Manipulation of the partner program conditions, usage of the site program code vulnerabilities, Company's services or third-party services, multiple accounts creation in order to receive partner commission from trading at the Partner's own funds, breaking the Company promotional rules or any other kind of illegal profit is not allowed. In case of detection of such registrations, the Company reserves the right to cancel the accrued partner commission and remove referral accounts with violations from the Client’s Partner Program.
12.4.8. In the case of non-fulfillment Partner’s obligations under this Agreement, the Company has the right to exclude Clients from his/her Partner Group.
12.4.9. The Company is not responsible for the agreement between the Partner (IB,Affiliate) and the customers clients., including the distribution of rebate and Clients funds are traded by the Partner (IB, Affiliate).
12.5. Principles of a Partner and a client acquisition
12.5.1. Registering Clients and recording them into Partner group getting done by following ways:
- - If you specify the Client Partner identification code in the form of opening a trading account;
- - Through the use of the Client Partner links to the official website of the Company.
12.5.2. The Client has the right to deny service provided by the Partner and work directly with the Company.
12.5.3. The Client’s transfer between partner groups is prohibited to avoid unfair competition.
12.5.4. During the clients’ acquisition, the partner must stick to the following rules:
12.5.5. The Partner shall only use Promotional Material provided and approved by the Company to provide the services provided by the Agreement. Any other material created by the Partner and used for advertising, including but not limited to creatives, landing pages, domains, emails and more should be submitted to the Company via email ([email protected]) for prior approval before launching.
12.5.6. Any Promotional Material that is created and/or provided by the Company and used by the Partner is exclusively owned by the Company and shall not be used by the Partner for any purpose outside the scope of the present Agreement unless the prior written consent of the Company is obtained.
12.5.7. The Partner shall use the Company’s name, trademarks and Promotional Material to advertise the services provided by the Company on his/her website solely for the purpose of providing a link from the Partner’s Site to the web-site(s) and fulfilling his/her obligations under this Agreement;
12.5.8. The Partner may not perform any actions that may be considered by the Company as damaging the Company’s business reputation, image or trademark;
12.5.9. The Partner is not permitted to use the Company’s trademark and names in any paid search activity, whether this is in ad text, copy or display URLs without prior written approval by the Company
12.5.10. The Partner is not permitted to use the Company’s trademark in their ad-copy paid media to advertise on behalf of the Company without the written approval from the Company and/or its Affiliated Entities.
12.5.11. The Partner recognizes that the Company holds all rights to the Company's intellectual property and that all intangible assets related to the Company’s name and trademark and created as a result of the performance of this Agreement or by other means are the property of the Company.
12.5.12. The Company may cancel the non-exclusive, non-transferable right to use the Company’s name, trademark and Promotional Material for free at any time, at its absolute discretion and without the need to provide any reasons for such cancellation.
12.5.13. The Partner undertakes the following:
- - to post on the Partner Site specific warnings and disclaimers in relation to the provision of the specific services by the Company;
- - to add all Company’s brand terms as negative keywords in all paid search activities in order to avoid any broad matching issues
- - to clearly disclose the relationship between the Partner and the Company, in any material produced or used by a Partner anywhere, including without limitation blogs, publications and news sites, disclosing both non-financial and financial relationships where applicable.
- - to follow and comply with the Company’s advertising pointing and/or guidelines for Partners, as may be provided to the Partner by the Company from time to time, at the Company’s sole and absolute discretion.
12.5.14. The Partner (and/or any of its Affiliated Entities) shall not, directly or indirectly:
- - register or use domains, subdomains, keywords, search terms or other identifiers containing the Company’s trademark(s) (a part of the Company’s name), the Company’s trade names, the Company’s name or any words or depictions confusingly similar to any of the aforementioned in any language without the Company’s prior written consent;
- - bid on or purchase internet placement rights for a similar domain name or any part or similarities thereof in any manner in any of its advertising and/or promotions, including but not limited to, internet and web advertising;
- - include a similar domain name or any part thereof, or similar variations, translations or misspellings, in the meta tags of any web site code. This includes the meta title, meta keywords or meta description;
- - purchase, obtain or use, directly or indirectly, any keywords from third party platforms so as to redirect traffic to the similar domain name
- - purchase a similar domain name or any part thereof, or any variations, translations or misspellings thereof, for use in text links, banner ads, pop-up ads or any other type of ad that could be associated with a keyword campaign;
- - use false advertising or in general false and/or fraudulent methods for attracting new Clients online, launching the search engine and leading the search engine users astray, including, but not limited to the use of the Company's web-site URL with a Partner Link in the contextual advertising systems, knowingly falsely redirecting users to a different website on the Internet;
- - send traffic through automatic redirects on a website page
- - use ad fraud, including but not limited to impression/click/conversion/data fraud, and fraudulent traffic sources, including but not limited to botnets/toolbars/click farms/other methods of automated/fraudulent traffic such as automated bots and stuffed cookies;
- - the use of questionable traffic sources including but not limited to parked domains, error pages, juvenile, death & tragedy, sexually suggestive and violent content are not permitted;
- - publish advertisement-like information on websites which contain or link to websites that violate the Law, industry standards, ethics, and morality;
- - publish advertisements with incorrect information about the services offered or with omissions to the non-disclosure requirements of the risks to the Prospective Client.
- - use malicious software with pop-up advertisements or advertisement-like mailings to email addresses without consent to receive said mailings;
- - purchase keywords with reference to Weltrade and/or other misspellings of the name on pay-per-click search engines to drive traffic to Partner’s own website
- - purchase trademarks which include the word "Weltrade" in any language;
- - bid or appear on misspellings or variations of "Weltrade" brand searches.
12.5.15. The Partner undertakes full responsibility of any legal representation and to pay all relevant fees, costs, expenses and fines in relation to any dispute, claim, action or proceeding relating to the intellectual property rights of the Company arising whatsoever directly or indirectly out of the Partner’s activities, negligence, willful default or fraud or breach of any of its obligations under this Agreement.
12.5.16. in the event of a violation by the Partner of this Agreement, the partner undertakes to compensate the Company for damages, both direct and lost benefits in full, and also to pay a fine for violation of the contract in the amount of everything received from the company as a commission for the entire period of the partnership.
12.6. Settlement of disputes
12.6.1. The Partner may bring a claim to the Company in the event of a dispute. Claims must be made within five working days from the date of the grounds for their presentation.
12.6.2. The complaint must be issued in the form of an e-mail and sent from the Partner registered email addresses in the Company's data.
12.6.3. It is the responsibility of the Company to review a Partner's claim within 10 working days and to send a reply to its partner’s by email.
12.6.4. All disputes arising from this Agreement shall be settled by negotiation.
12.7. Confidentiality
12.7.1. Partner has no right to disclose any information obtained from the Company in joint activities, as well as information and data contained in this Agreement, throughout the term of this Agreement and five years after its dissolution.
12.7.2. Partner can not provide a competing third party confidential information relating to methods of the Company, the provision of its services.
12.7.3. Parties are required to keep confidential all information regarding Clients personal data, data on their accounts and their transactions history.
12.8. Determination of income and settlement of the Parties
12.8.1. The Company agrees to pay a Partner commission on forex instruments according to the rates mentioned in the table located in the Partners area, Terms of payment section.
12.8.2. The Company agrees to pay a Partner commission on CFD instruments according to the rates mentioned in the table located in the Partners area, Terms of payment section.
12.8.3. During the calculation of commission The Company may not take into account clients` transactions, undertaken by the imperfections of the trading platform, as well as to exclude such clients from the Partner group.
12.8.4. In the case of detection by attracting clients orders that are contrary to the regulations, the rules of the bonus system, or the rules of the competitions, as well as in the case of receiving commissions from accounts suspected of cheating, commission received from such accounts shall be revoked in its entirety, and Clients themselves - removal of the Partnership Group.
12.8.5. The Company reserves the right to cancel any Partner commissions in case of manipulation with bonus promotions without giving any explanation.
12.8.6. A Partner Commission is transferred to the Partner’s account once an hour after the closing of the transactions of attracted Clients, which will be available for withdrawal.
12.8.7. The Company reserves the right to refuse payment of commission on transactions, the margin for the opening of which was provided only by means of bonus accounts - the bonus program participants, and other breaches of this Agreement. This rule can be applied to already accrued commissions and such members may be excluded from the Partner group.
12.8.8. If the Client opened an offsetting locked position, the amount of which is equal to the previously open one, the partner commission is charged at a rate of 50% of each deal.
12.8.9. If the Client opened an offsetting locked position, the volume of which is not equal to the volume of previously open one, commission of hedged volume is paid in the amount of 50% of each deal. Commission of unhedged volume is paid in full.
12.8.10. Partner's commission for each currency pair is specified in the "Terms of payments" in the Partners area.
12.8.10.1. Partners commission from a SyntX account deals executed on a Copy Trading platform by the partner’s referral clients regardless of the status type of participants (“Subscriber” or “Provider”) is equal to 20% of the respective Spread.
12.8.11. If account equity exceeds 10 000.00USD, the Company reserves the right to reduce payment of Partner commission in twice half.
12.8.12. The Company reserves the right to refuse to calculate and pay the Partner’s commission when the amount of the commission exceeds 500.00USD per one deal.
12.8.13. The Company reserves the right to reduce Partner remuneration twofold, if the partner does not attract active Clients.
12.8.14. The Company reserves the right to change the amount of Partner commission without notice, based on the market situation.
12.8.15. The Partner commission is not accrued on transactions if the Client trades with bonus funds or the Client has not made a total deposit of 25.00 USD.
12.8.16. The Partner commission is not charged on transactions with zero trading result.
12.8.17. The Partner commission is not charged on the trading volume made on Pro accounts for the second and third levels of the partner program.
12.8.18. The Partner commission is not charged on transactions when the Client trades with bonus funds and hasn't made a new deposit since the moment when the equity of his own funds was less than $1.
12.8.19. When calculating Partner commission on accounts with Promo Rate, a coefficient that takes into account the ratio of the promo rate to the current rate (promo rate / current rate) is applied.
12.8.20. The Partner's status is reviewed at the beginning of each month and depends on the total trade turnover of all attracted clients.
12.8.21. The Сompany reserves the right to change the type of partner program from 3-tier to 1-tier if Client's partner network does not develop at the second or third level.
12.8.22. A multi-level program is available upon request of the Partner. The multi-level partner program is an extension of the standard partner program, in which the Company pays partner commission not only for trading of their direct referrals, but also for the trading of referrals whose referrals were attracted by the referrals themselves. To participate in a multi-level program, the Partner may send a request to the Company via standard means of communication. The commission fees for multi-level program (including commissions for the 1st level referrals and for the higher-level referrals) are defined by the Company individually.
12.8.23. The multi-level program participation as well as the multi-level program commission fees is available on request of the Partner and is subject to the Company’s sole discretion. The Company may reject any multi-level program participation request and/or to offer any commission fees individually and/or to cancel any Partner participation in such a program any time.
12.8.24. By requesting the participation in a multi-level program the Partner agrees that some conditions including commission fees of the standard Partner program may be amended if the Client decides to participate on the conditions offered by the Company.
12.8.25. The Company has the right to immediately terminate the partnership (terminate the agreement) with any partner at its discretion, and in the event of a violation by the Partner of this Agreement, offset and/or write off any commissions/account balance/other assets of the partner for damages and/or as a penalty for violation agreement.
12.9. Final provisions
12.9.1. This Agreement may be amended or supplemented by the Company on its sole discretion any time on an individual basis or for all partners with notification made via publishing the relevant amendments on the Website.
12.9.2. Any of the Parties to the Agreement have the right to unilaterally and without judicial procedures refuse to perform this Agreement, notifying the other Party at least one day in advance.
13. IB Reward Program Terms
13.1. The IB Reward Program is an extension of our standard regular affiliate program.
13.2. The program is available to partners with a selected 1-tier affiliate program.
13.3. For partner to get a reward, a new client (referral) should fulfill the key conditions
- - The referral should belong to the same region as the partner
- - Within 90 days after registration the referral should:
- - verify documents
- - verify phone number
- - make a trading turnover of at least 5 lots. This volume should be taken into account in the affiliate program. Trading volume for XTIUSD and XBRUSD instruments counts with the coefficient of 0.1. The Trading volume of SyntX instruments is not counted in turnover.
13.4. The partner is paid 50.00USD for each referral who has fulfilled the key conditions.
13.5. Partner reward is credited to the affiliate account and is available for withdrawal in 10 days after accrual.
13.6. If the referral has not fulfilled all the key conditions within 90 days, then the payment to the partner is not charged.
13.7. Statistics on attracted referrals is available in the IB Reward Program menu item of the “Affiliate Program 2.0” section in the Client’s personal area.
13.8. The company reserves the right to change the terms of the program and payments unilaterally or suspend it completely at any time.
13.9. The Company has the right at its own discretion to refuse the Client, in whole or in part, to participate in the promo in case of detection of any trading manipulations or trading terms violations, multiple registrations of one and the same partner or referral, trading aimed solely at fulfilling key conditions or calls to existing clients to register new accounts.
14. "Refer a Friend" Program Conditions
Terminology
Inviting trader – existing WELTRADE Company Client, who invites friends.
Invited friend – new Company Сlient, who is invited by the Inviting trader.
14.1. General provisions
14.1.1. This promotion is created for WELTRADE Company Clients who can receive bonuses by inviting friends.
14.1.2. Invited friend also can receive a bonus in case of registration by referral link from Inviting trader.
14.2. Friend invitation conditions
14.2.1. Each WELTRADE Company Client can invite friend.
14.2.2. Friend's invitation is possible by sending the letter with invitation to open account in WELTRADE Broker Company through the section "Refer a friend" of member's area.
14.2.3. Inviting trader can send no more than 100 invitations per day and no more than 2 invitations to one email address within 24 hours.
14.2.4. Invited friend has to be new Company Client. It is forbidden to invite the registered WELTRADE Clients.
14.2.5. The Company can limit number of sent emails in case of SPAM suspicions or complaints from email's recipients.
14.3. Bonuses
14.3.1. Each Inviting trader who will invite friend according to clauses 14.1 and 14.2 of the present conditions can receive a bonus.
14.3.2. Invited friend can receive a bonus according to clauses 14.1 and 14.2 of the present conditions.
14.3.3. Inviting trader and Invited friend can check the status of the condition of minimum trade turnover performed by Invited friend for bonus activation according to the table in clause 14.3.10 of the present conditions through the section "Refer a friend" of the member's area. The Trading volume of SyntX instruments is not counted in turnover.
14.3.4. Inviting trader and the Invited friend can transfer a bonus to the trading account for trade in case of condition performance of the minimum volume by Invited friend according to clause 14.3.10 of the present conditions.
14.3.5. If Invited friend funds some trading accounts or the safe, charge of a bonus is made according to the table in clause 14.3.10 for the maximum total deposit (the deposit minus withdrawal) which was made within 24 hours after the first deposit, or until commission of the first trade on the trading account.
14.3.6. If Invited friend has several accounts types, the bonus is charged only on one of them.
14.3.7. Bonus can not be transferred from one account to another.
14.3.8. Bonus can be credited only on the trading account and and is not withdrawable. Any profit got as a result of trades, made on bonus means, is available to withdrawal.
14.3.9. Trading bonus is activated only after performance of the minimum trade volume in standard lots by Invited friend according to the table in clause 14.3.10 of the present conditions.
14.3.10. Table of bonus payments on the promotion "Refer a Friend":
| Friend's deposit | Your Bonus | Friend's Bonus | Necessary trade turnover of the friend (in lots) |
| 100.00USD - 499.99USD | 20USD | 20USD | 4 |
| 500.00USD - 999.99USD | 40USD | 40USD | 8 |
| 1 000.00USD - 4 999.99USD | 80USD | 80USD | 15 |
| 5 000.00USD - 9 999.99USD | 160USD | 160USD | 30 |
| more than 10 000.00USD | 400USD | 400USD | 60 |
14.3.11. Bonuses added at Refer a Friend promotion are credited as fixed bonus. There is detailed information on terms and conditions of Fixed Bonus.
14.4. Final provisions
14.4.1. Bonus funds are charged only on MT5 accounts types: Micro, Premium.
14.4.2. If the bonus account replenished with own funds, in case of drawdown, own funds of the Client are lost at first from the account.
14.4.3. When Stop Out event is occurred, bonus funds are not renewable on the trading account.
14.4.4. The Company reserves the right at any time without notice and for any reason to cancel (charge off an account) the bonus given out earlier and also to revoke (cancel) all trades made with use of bonus funds.
14.4.5. The Company reserves the right to cancel the calculated trade turnover if the Client's actions are directed on receiving a trade turnover by a manipulation with features of trade conditions, namely trades commission on one symbol with an identical volume in an opposite direction (BUY and SELL).
14.4.6. The trades made within 2 minutes on one symbol with an identical volume in an opposite direction (BUY and SELL) are not taken into account when calculating a minimum trading turnover.
14.4.7. The overlapped (hedged) volume of trade positions is not considered.
14.4.8. Invited friends under the 'Refer a Friend' program cannot simultaneously be referrals in the partner program.
15. World Partner Contest Terms
15.1. General provisions
15.1.1. Participation in the Contest is free.
15.1.2. The Contest is open to all comers, regardless of nationality, sex, national origin. The Contest is not open to employees of the Company as well as their family members and relatives.
15.1.3. The Contest starts on 01.04.2024 and ends on 30.06.2024. The announcement of winners takes place on 10.07.2024.
15.1.4. Registration and holding of the Contest, the announcement of winners takes place following the dates listed on the Weltrade webpage. The current ratings of participants are listed on the official contest page on the Weltrade webpage.
15.1.5. The participants compete in two different ratings: the number of attracted referrals and the trading volume of attracted referrals.
15.1.6. The winners are determined by the total volume of lots traded by clients attracted during the contest. Refer to the Affiliate Program terms and conditions for additional info.
15.2. Registration
15.2.1. Registration in the Weltrade Partner Program is required to take part in the Contest.
15.2.2. All partners who have already registered in the Partner Program or get registered during the competition dates are taking part in the Contest automatically.
15.3. The prize fund
15.3.1. The total prize fund of the Contest is $25,000 of real funds.
15.3.2. The prize distribution:
| Place | Number of places in the group | By volume
| By number of referrals (prize per place $) | Qualification requirements for a prize, min volume | Qualification requirements for a prize, min number of referrals |
| 1 | 1 | 5000 | 5000 | 500 | 100 |
| 2 | 1 | 3000 | 3000 | 300 | 75 |
| 3 | 1 | 1500 | 1500 | 150 | 50 |
| 4 | 1 | 900 | 900 | 90 | 25 |
| 5 | 1 | 700 | 700 | 70 | 25 |
| 6 | 1 | 500 | 500 | 50 | 25 |
| 7 | 1 | 400 | 400 | 40 | 25 |
| 8 | 1 | 250 | 250 | 25 | 25 |
| 9 | 1 | 150 | 150 | 15 | 25 |
| 10 | 1 | 100 | 100 | 10 | 25 |
| Total | 10 | 12500 | 12500 |
15.3.3. The contest commission distributes the prize fund between winners according to the place in the rating of participants and the qualification requirements for the prize place at the moment of summing its results up.
15.3.4. The money prize is available for withdrawal without any limits.
15.4. Holding and judging of the Contest
15.4.1. The winners are determined by the total volume of lots traded by clients attracted during the contest in one prize table and by the number of attracted referrals in the other prize table.
15.4.2. The trading volume of referrals is counted according to the conditions of the Affiliate Program.
15.4.3. Only the first level of affiliate trading volume is counted.
15.4.4. Registrations and trading volume are counted for active referrals only. An active referral client is a trader attracted by a partner during the promotion period, who has made a minimum deposit to a trading account and has completed at least one trade which resulted in partner commission accrual before rebate is paid.
15.4.5. The trading volume of referrals who have registered during the Contest is counted only.
15.4.6. The trading volume of XTIUSD and XBRUSD instruments is counted with 0.1 coefficient.
15.4.7. The trading volume for Stock CFDs, Index CFDs, SyntX is transformed to the standard forex lots. 1 standard forex lot is equal to 100,000.00 USD.
15.4.8. The judge and commission of the competition is Weltrade. The Commission's decision shall be final and without appeal.
15.5. Additional terms
15.5.1. The Сontest commission reserves the right to disqualify the Participant if any trade manipulations or violations of trade conditions are discovered.
15.5.2. Manipulations with trade conditions, hedging positions between trading accounts, creation of multiple profiles, re-invitation of the existing referrals, and other actions aimed to exploit these conditions with the purpose to get a prize are qualified as a violation of these Rules resulting in the disqualification of the Client.
15.5.3. To confirm the trading volume of a referral client, the Company can request a referral client to verify the profile. In case a referral client refuses to verify the profile, the counted registration and trading volume of this referral client can be annulled.
15.5.4. The Company reserves the right to amend the promotion rules as well as to suspend the promotion at any time at its discretion.
15.5.5. To get a prize a partner should meet the the minimum qualification requirements:
- - minimum 5 unique registrations of new clients;
- - minimum total trade turnover of all referrals at least 5 lots.
15.5.6. To be ranked by volume, the total turnover of referrals must meet the following conditions:
| Place | Total turnover, lots |
| 1 | 500 |
| 2 | 300 |
| 3 | 150 |
| 4 | 90 |
| 5 | 70 |
| 6 | 50 |
| 7 | 40 |
| 8 | 25 |
| 9 | 15 |
| 10 | 10 |
15.5.7. To be ranked by the number of referrals, the number of attracted customers must meet the following conditions:
| Place | Number of referrals |
| 1 | 100 |
| 2 | 75 |
| 3 | 50 |
| 4 | 25 |
| 5 | 25 |
| 6 | 25 |
| 7 | 25 |
| 8 | 25 |
| 9 | 25 |
| 10 | 25 |
15.5.8. All winners of the Contest must verify the profile, according to Confirmation of the Client's Identity section, in order to receive a prize.
15.5.9. All complaints, suggestions and questions arising from Participants during the registration period, at the period of the Contest, and in summing up its results, should be sent using the feedback form (the "Contacts") after authorization in the website personal area and addressed to the contest commission. All claims, questions and suggestions related to the competition brought by other means or sent to other departments of the Company will not be accepted.
16. Credit Bonus Promotion Terms
Not available in the region.
17. Fixed Bonus
17.1. A fixed bonus is a bonus for trading, which is credited on the Client’s account according to the terms of various Company promotions.
17.2. Bonus is not available for withdrawal. When any amount is transferred or withdrawn from the trading account all fixed bonuses are canceled in full.
17.3. Bonus can be fully used as free margin and supports margin level during a drawdown.
17.4. During a drawdown client's own funds are deducted first from balance, before bonus funds start to get deducted. Fixed bonus balance is adjusted when there are no open positions on a trading account. Meaning that if there are only bonus funds remain at trading account, there are two scenarios below possible in case of drawdown.
For example client made a deposit of $1000 and also got $1000 of Fixed bonus to his traing account, the balance totals $2000 and client has opened 4 positions:
Scenario 1: Client closed all 4 out of 4 open positions with total result of -$1700, the bonus balance will get adjusted to $300, since client has no more open positions. Afterwards client continues trading and makes a profit of $2000, the bonus balance remains at $300.
Scenario 2: Client has closed 3 out of 4 open positions with total result of -$1700, the bonus balance will not get adjusted to $300 and will remain $1000, since client still has 1 open position. Afterwards client closes the last order with $2000 profit, the bonus balance remains $1000 as it was from the start and client's own funs will be $1300.
17.5. Fixed bonus is deducted automatically from trading account of any type without prior notice after 90 days passes from the time when last trading operation is made and when there are no currently opened orders on trading account.
17.6. The company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time at our sole discretion and without prior notice.
17.7. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
18. Welcome bonus
18.1. Welcome bonus
18.1.1. The Welcome Bonus is a promo code that provides a fixed bonus of either 100% or 50% on the first deposit of a trading account of 25 USD or more. Each new Client of the Company has the right to receive either the Welcome Bonus 100 or the Welcome Bonus 50 only once. The maximum bonus amount is 500 USD. A bonus is provided when the new Client makes a first deposit of 25 USD or more using the promo code WELCOME100 or WELCOME50.
18.1.2. There is detailed information on the terms and conditions of the Fixed Bonus and Promocode bonus.
18.1.3. The Client can choose between two promo codes: WELCOME100 or WELCOME50. The difference between these promotional codes is the turnover required to withdraw profits.
- - The necessary turnover volume for the WELCOME100 promo code is (Bonus Amount / 5).
- - The necessary turnover volume for the WELCOME50 promo code is (Bonus Amount / 10).
18.1.4. The Welcome Bonus is credited to the Balance field. The bonus is not available for withdrawal but is included in equity and margin calculations, including during drawdown periods. If the Client’s account, which received the Welcome Bonus, is deposited with the Client’s personal funds and the Client profits from it, then we do not limit the withdrawal of such profit except for general limits or restrictions.
18.1.5. If a bonus account is deposited with the Client’s personal funds, in case of a drawdown on the account, personal funds are the first to be lost, followed by bonus funds. The bonus will be cancelled when any amount is transferred or withdrawn from the account.
18.1.6. The new Client means a new, unique, private individual who is registering on the Website, and there are no matches with existing Clients, such as name, address, IP, device, etc. The Company has the right, at its sole discretion, to cancel any results of transactions with this bonus and/or of such a Client if it is revealed that the Client is not a new one.
18.1.7. The Company reserves the right to deduct bonus funds and/or profits earned from bonus funds from the account without prior notice and explanation. The Company also reserves the right to change this promotion's terms unilaterally or suspend it entirely at any time at our sole discretion and without prior notice.
18.1.8. Apple or its affiliates are not a sponsor or involved in the activity (promo) in any manner.
18.2. Welcome bonus for SyntX
18.2.1. The Welcome Bonus is a promocode that provides a fixed bonus of either 50% on the first deposit on a SyntX account type of 25 USD or more. Each new Client of the Company has the right to receive the SYNTX50 only once. The maximum bonus amount available is 200 USD. A bonus is provided when the new Client makes a first deposit of 25 USD or more.
18.2.2. There is detailed information on the terms and conditions of the Fixed Bonus and Promocode bonus.
18.2.3. Profit withdrawal is enabled once the total spread paid during the SyntX account deals covers the bonus amount in the following proportion: Total Spread paid = Bonus Amount x 1.
18.2.4. The Welcome Bonus is credited to the Balance field. The bonus is not available for withdrawal but is included in equity and margin calculations, including during drawdown periods. Suppose the Client’s account, which received the SYNTX Promocode bonus, is deposited with the Client’s personal funds and the Client profits from it. In that case, we do not limit the withdrawal of such profit, except for general limits or restrictions.
18.2.5. The promo code is only available for the first replenishment of the SyntX trading account. If any trading account of the SyntX type has previously been replenished with any amount using any payment system, the promo code cannot be applied. Reusing the promo code on another account is prohibited.
18.2.6. If a bonus account is deposited with the Client’s personal funds, in case of a drawdown on the account, personal funds are the first to be lost, followed by bonus funds. The bonus will be cancelled when any amount is transferred or withdrawn from the account.
18.2.7. The new Client means that the Client is a new, unique private individual registering on the Website, and there are no matches with existing Clients, such as name, address, IP, device, etc. The Company has the right, at its sole discretion, to cancel any results of transactions with this bonus and/or of such a Client if it is revealed that the Client is not a new one.
18.2.8. The Company reserves the right to deduct bonus funds and/or profits earned from bonus funds from the account without prior notice and explanation. The Company also reserves the right to change this promotion's terms unilaterally or suspend it entirely at any time at our sole discretion and without prior notice.
18.2.9. Apple or its affiliates are not a sponsor or involved in the activity (promo) in any manner.
19. The Safe
19.1. Safe is a wallet where clients can store funds in U.S. dollars or Euro.
19.2. Clients can choose to deposit funds directly into Safe as well as withdraw funds from Safe. Clients can transfer funds from/to Safe from their trading accounts.
19.3. Funds kept in the Safe are not eligible for bonus.
19.4. Funds in Safe may be subject to inactivity fee charge.
20. CASH PUZZLE Promotion Conditions
20.1. The Promotion is held for all WELTRADE Сlients.
20.2. The Promotion is held daily, without day-offs, lasts 24 hours and may be terminated at any time.
20.3. The Promotion is open to all comers, regardless of nationality, sex, national origin. The contest is not open to employees of the Company, as well as their family members and relatives.
20.4. According to the Promotion conditions, tasks are published daily. Having completed a part of tasks from the general list the Client takes part in the first prize drawing, by completing all tasks the Client takes part in the second prize drawing.
20.5. After the Client completes the required number of tasks the system will automatically determine one of the possible prizes.
20.6. To take part in the Promotion it is necessary to activate it in the Client’s personal area.
20.7. The Promotion starts again each day. The progress achieved in tasks is not transferred for the next day.
20.8. Types, amount and conditions of the tasks for Promotions are defined by the Company.
20.9. All types of trading accounts can be used to complete tasks in the Promotion.
20.10. Orders closed only on the day on the Promotion starting from the moment it is activated in the personal area are counted to complete the tasks.
20.11. Tasks completed before the Client activated the Promotion in the personal area are not counted in the Promotion.
20.12. All the volume of hedged positions on a trading account or between the Client's accounts is not taken into account when completing tasks.
20.13. Volume tasks are counted within 5 minutes after the transaction is closed.
20.14. Manipulation of trading conditions, hedging of positions on different accounts, creation of multiple profiles with the purpose to complete the tasks or any other actions aimed to manipulate the rules with the purpose of getting a prize is qualified as the violation of the Promotion conditions. The Clients violating the Promotion conditions will be disqualified and the prizes revoked.
20.15. The prize is added automatically in USD Safe box.
20.16. The prize can be used as a whole to deposit a trading account as well as to withdraw to any payment system available.
20.17. The Client can take part in the Promotion daily.
20.18. By completing the full puzzle several times the Client gets additional fixed remuneration according to the prize table in the website personal area. The number of completed puzzles is accumulated during the promotion.
20.19. The company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
21. Demo Contest
21.1. General rules.
21.1.1. Participation in the Contest is free.
21.1.2. The contest is held on the MetaTrader 5 trading platform exclusively.
21.1.3. The Contest is open to all comers, regardless of nationality, sex, national origin. The Contest is not open to employees of the Company, as well as their family members and relatives.
21.1.4. The contest is not available to residents of the USA, Canada, EU, Belarus, Russia and other countries with restricted access.
21.1.5. The total period of the Contest is 4 weeks. Each week a weekly trading result is reset and the contest starts again.
21.1.6. Registration and holding of the contest, announcement of winners is conducted in accordance with the dates listed on the Contest webpage.
21.1.7. Contest is a competition of traders. Therefore, in particular, shall not be used automated strategies, not involving participation of a person (trader) for a decision on the basis of the current market conditions.
21.1.8. The contest is not available for regions where SyntX instruments are not introduced for clients who reside or registered at following regions: Thailand, Laos, Indonesia and Malaysia.
21.2. Registration
21.2.1. When registering, the Participant is obliged to provide the real personal data. All Participants agree to publish the first and the last name or a nickname and a country of residence on the Weltrade website.
21.2.2. After the registration is finished the Contest account on the MT5 platform is opened for the participant.
21.2.3. The Participant undertakes not to open more than one contest account.
21.2.4. In order to enter the Contest, the Participant's phone number must be verified.
21.3. The prize fund
21.3.1. The total prize fund of the contest and prize distribution principles are stated on the contest page on the Company website.
21.3.2. The prize fund is distributed by the Contest commission among the winners in accordance with the place taken in the ranking of the Participants at the time of summing up their results. The participants' ratings are determined automatically by comparing the values of the current balance of the Contest Participants.
21.3.3. Prizes are credited only for clients whose balance has increased compared to the starting balance.
21.4. Trading conditions:
21.4.1. Account type - Demo
21.4.2. Platform - MetaTrader 5
21.4.3. Trading instruments - SyntX.
21.4.4. Starting balance - $10 000 for all Participants
21.4.5. Leverages and total volume limits of each trading instruments are fixed separately as follows:
- FX Vol 20 - leverage 1:5000, total volume limit - 5 lots
- FX Vol 40 - leverage 1:2500, total volume limit - 2.5 lots
- FX Vol 60 - leverage 1:1667, total volume limit - 2 lots
- FX Vol 80 - leverage 1:1250, total volume limit - 1.5 lots
- FX Vol 99 - leverage 1:1000, total volume limit - 1 lots
- SFX Vol 20 - leverage 1:500, total volume limit - 3 lots
- SFX Vol 40 - leverage 1:250, total volume limit - 1.5 lots
- SFX Vol 60 - leverage 1:167, total volume limit - 1 lots
- SFX Vol 80 - leverage 1:125, total volume limit - 1 lots
- SFX Vol 99 - leverage 1:100, total volume limit - 1 lots
- PainX 400. GainX 400 - leverage 1:2500, total volume limit - 15 lots
- PainX 800, GainX 800 - leverage 1:2500, total volume limit - 20 lots
- PainX 1200, GainX 1200 - leverage 1:2500, total volume limit - 25 lots
- FlipX 1 - leverage 1:10000, total volume limit - 20 lots
- FlipX 2 - leverage 1:6667, total volume limit - 15 lots
- FlipX 3 - leverage 1:5000, total volume limit - 10 lots
21.4.6. Minimum lot and contract step - 0.01 lot.
21.4.7. Stop Out level - 50%
21.5. Conducting and judging of the Contest
21.5.1. The judge and commission of the competition is Weltrade. The Commission's decision shall be final and without appeal.
21.5.2. The Participant who violates this Rules shall be a subject to disqualification from the contest. Disqualification from a current contest is applied also to all future weekly series of the Contest.
21.5.3. All complaints, suggestions and questions arising from the Participants during the registration period, in the course of the contest, and in summing up their results, should be sent to [email protected].
21.5.4. All claims, questions and suggestions related to the competition brought by other means or sent to other departments of the Company, will not be accepted.
21.5.5. Shall not be accepted claims from members:
- - related to the inability to perform operations in contest account due to poor quality of communication on both sides, the Participant and one of the providers of Weltrade;
- - connected with quoting on trading platform, except the cases of obvious errors.
21.6. Additional terms
21.6.1. The terms of transactions fully comply with terms described in the Terms of transactions section of the Client Agreement.
21.6.2. At one hour before the end of the contest week all opened positions will be closed forcibly and the current value of gains/losses on them will be reflected in the balance field.
21.6.3. The Contest week lasts from Monday 00:00 (server time) till Sunday 23:00 (server time).
21.6.4. The prize funds are accrued within 48 hours after weekly results are announced.
21.6.5. The Сontest commission reserves the right to disqualify the Participant if attempts to make profit using particularities of trading conditions and trading equipment are identified, multiple accounts or the management of several accounts is detected (for example, if 2 or more contest accounts work from one IP address).
21.6.6. The Participant needs to open a real SyntX trading account and shall verify profile in order to get prize funds. To do this it is necessary to provide documents that confirm identity and the place of residence of the Participant. The Company has the right to ask additional documents and photos (the picture of the Participant with the opened ID/passport and a piece of paper with the sign Weltrade and the current date in hands), which confirm the person of the Participant is real, as well as to conduct video verification via Skype.
21.6.7. The Company has the right to suspend or terminate the contest in case of technical problems with providers, the Company service equipment, or because of the extreme circumstances that arise after the start of the contest, which the administration of the Company could neither foresee nor prevent with reasonable measures.
21.6.8. The Company reserves the right to amend these rules, as the Company will give advance notice to all contest Participants.
21.7. Monthly Score prizes
21.7.1. Monthly Score is counted as a sum of competition points based on places that client has taken in all weeks during the contest.
21.7.2. For the Month Score calculation, all participants whose balance at the end of the week became less than or equal to the initial $10,000 are taking the same last weekly place. Clients who did not participate in contest weeks also shared the same place for the week they missed and got the number of scores accordingly.
21.7.3. In case if clients score an equal number of points in Monthly Score, they will share the same place in the final table and their prize reward will be calculated as the average of their prize amounts for all of them.
21.7.4. Monthly Score Leaderbord with final results is puplished at the contest public page during the week after the last week of the contest is finished.
22. SPINNER
22.1. General rules
22.1.1. The Promotion is available for MT5 account types only.
22.1.2. The prize is determined randomly when the Client spins the wheel in the personal area. The prizes are fixed bonuses on a trading account and additional spins.
22.1.3. A fixed bonus is credited on a trading account and is not available for withdrawal but it is used as free margin and supports margin level during a drawdown. There is detailed information on terms and conditions of Fixed Bonus.
22.2. Spins and bonuses accrual terms
22.2.1. When replenishing a trading account with personal funds via any payment system available for 30 or more USD/EUR in one payment, the Client gets 1 wheel spin for each 30 USD/EUR.
22.2.2. When the wheel is spinned, 1 spin is deducted from the Client’s balance and one of prizes depicted on the wheel is determined randomly.
22.2.3. When a type and amount of the prize is determined, the prize is credited instantly. The fixed bonus is credited on a trading account, additional spins are credited on spins balance in the Spins field on the promotion webpage.
22.2.4. Spins are accumulated on the difference between deposit and withdrawal.
22.3. Spins and bonuses write-off terms
22.3.1. Transfer or withdrawal of funds from a trading account causes all bonuses and spins write-off.
22.4. Other conditions
22.4.1. All Clients registered within the Company can take part in the Promotion.
22.4.2. The Company reserves the right to change the Promotion terms, amounts and types of prizes, and to stop the Promotion at any time.
22.4.3. The Company reserves the right to write-off bonuses and/or profits earned with bonus funds without prior notification and explaining the reasons.
22.5. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
22.6. Apple or its affiliates is not a sponsor or involved in the activity (promo) in any manner.
23. ASTROCARDS
23.1. General rules
23.1.1. The Promotion is available for MT5 account types only.
23.1.2. The prize is determined by summing the face values on cards selected by the Client. The prizes are fixed bonuses on a trading account.
23.1.3. A fixed bonus is credited on a trading account and is not available for withdrawal but it is used as free margin and supports margin level during a drawdown. There is detailed information on terms and conditions of Fixed Bonus.
23.2. Rounds and bonuses accrual terms
23.2.1. When replenishing a trading account with personal funds via any payment system available for 100 or more USD/EUR in one payment, the Client gets 1 ASTROCARDS round for each 100 USD/EUR.
23.2.2. When a round starts, 1 round is deducted from the Client’s balance and face values of cards in this round are determined randomly.
23.2.3. When a round has started, the Client should select three cards out of five.
23.2.4. When three cards are selected, face values of all five cards are shown.
23.2.5. The sum of the face values of the selected cards is credited to a trading account as a fixed bonus.
23.2.6. Rounds are accumulated on the difference between deposit and withdrawal.
23.3. Rounds and bonuses write-off terms
23.3.1. Transfer or withdrawal of funds from a trading account causes all bonuses and remaining rounds write-off.
23.4. Other conditions
23.4.1. All Clients registered within the Company can take part in the Promotion.
23.4.2. The Company reserves the right to change the Promotion terms, amounts and types of prizes, and to stop the Promotion at any time.
23.4.3. The Company reserves the right to write-off bonuses and/or profits earned with bonus funds without prior notification and explaining the reasons.
23.5. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
23.6. Apple or its affiliates is not a sponsor or involved in the activity (promo) in any manner
24. TRADE2WIN Promotion Terms
24.1. The promotion is held weekly, lasts 7 days and ends with a draw every Sunday at 15:00 of the trading server time (UTC +2:00).
24.2. To take part in a draw the Client should complete the total trading turnover of at least 2 (two) full lots on any trading accounts. 1 lot on Micro account equals 0.01 of standard lot. The volume is calculated as 1 lot for a turnover of 100,000 USD for trading with Stock CFDs, Index CFDs.
24.3. Trading turnover on real trading accounts of all types is taken into account.
24.4. Deals opened and closed after the last draw finished and before the next draw starts are taken into account only.
24.5. Trading volume for XTIUSD and XBRUSD instruments is accounted with the coefficient 0.1.
24.6. Winners are determined randomly among all draw participants.
24.7. The prize is added automatically to the trading account.
24.8. The prize can be used in whole for trading as well as to withdraw to any payment system available.
24.9. To participate in a draw the Client should confirm the phone number.
24.10. Clients take part in a drawing only after a minimum deposit is done.
24.11. Manipulation of trading conditions, hedging of positions on different accounts, creation of multiple profiles with the purpose to complete the tasks or any other actions aimed to manipulate the rules with the purpose of getting a prize is qualified as the violation of the Promotion conditions. Clients violating the Promotion conditions will be disqualified and the prizes revoked.
24.12. The company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
25. Terms of the Fixed Exchange Rate
25.1. The Promo Rate for deposit and withdrawal is fixed at the level of 9 000.00IDR = 1.00USD for the entire period of the promotion.
25.2. The Fixed Exchange Rate is available on MT5 trading accounts in USD currency. Available account types are Micro, Premium, Pro.
25.3. Any payment system with IDR currency available at the cashier can be used for deposits and withdrawals.
25.4. Funds transfer to and from promotional accounts is prohibited.
25.5. The promotional account does not participate in SPINNER, ASTROCARDS, promo codes and bonuses, credit bonus and fixed bonus promotions.
25.6. The Company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
25.7. If any trade manipulations or violations of trade conditions are detected, the Company has the right to refuse the Client to participate in the promotion at its own discretion.
25.8. Decisions on any situations that are not described in these rules are left to the discretion of the Company.
26. Deposit Insurance Program
Not available in the region.
27. Gold Rush Contest Terms
27.1. The promotion is valid from 06.03.2023 to 02.06.2023.
27.2. The amount of remuneration based on the trading volume made with the Gold instrument (XAUUSD, XAUUSD_i, Gold, Gold_i) is taken into account. The minimum required trading volume to receive a prize is 150 lots.
27.3. The trading turnover on accounts with Promo rate is not included in the promotion. The trading volume on an insured and contest accounts during the insurance period is not taken into account in the promotion.
27.4. The trading volume is taken into account on actually closed deals that have been opened since the start date of the promotion. Closed deals after the end of the promotion will not be taken into account. All trades open before the withdrawal date are not taken into account in the calculation of the trading volume.
27.5. The participant receives 5 grams of gold for every 150 lots traded in USD equivalent via cashback to the Safe account. Each of the traders who have traded 30,000 lots will receive a prize in the form of a cashback to the Safe account, which is equal to 1 kg of gold.
27.6. After fulfilling the terms of the promotion, the Client should send a request for a prize to [email protected] or contact the Support team via LiveChat on the website.
27.7. The size of 1 lot corresponds to the specification of the trading instrument, 1 lot on Micro account is equal to 0.01 standard lot.
27.8. Mobile phone number must be verified in order to participate in the promotion.
27.9. In case of funds withdrawal, the accumulated promotion progress is completely reset to zero. Internal transfer of funds between trading accounts is not a violation of the rules, so trading progress in the promotion is saved.
27.10. There are no restrictions on the number of exchanges of a prize for a cash equivalent (cashback).
27.11. The cashback equivalent in USD will be calculated at the closing price of D1 candle (MT5 trading server) of the XAUUSD instrument for the last trading day prior to the actual application processing day.
27.12. After the end of the promotion, the Client can apply for a prize within 1 month.
27.13. The Company reserves the right to replace the prize in the form of gold with a cash equivalent.
27.14. The volume of offsetting locking positions is counted as 50% from each deal. The uncovered volume is counted fully as 100% of volume.
27.15. A closed order is not calculated for the promotion turnover if the difference between the opening and closing prices is less than the MTP value of the corresponding instrument. MTP - minimal difference between the opening and closing order’s price in pips.
27.16. If any trade manipulations or violations of trade conditions are detected, the Company has the right to refuse the Client to participate in the promotion at its own discretion.
27.17. Violation of the promotion rules by the Client leads to a writing-off of the traded volume.
27.18. Manipulation of trading conditions, hedging of positions on different accounts, creation of multiple profiles, or any other actions aimed to manipulate the rules with the purpose of getting the prize is qualified as the violation of the Promotion conditions and results in the disqualification of the Client.
27.19. The company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
28. Promocode bonus
28.1. Promocode bonus
28.1.1. Withdrawal of profit earned using bonus funds from promocode can only be made after a necessary turnover in standard lots is completed. The volume in lots required to be completed before profit can be withdrawn is calculated:
- - Necessary turnover volume = (Amount of Bonus / 2)*
- - *When multiple promo codes are utilised, the requirement for turnover (necessary trading volume) for payout calculation is summed up, considering each promocode's conditions.
28.1.2. The size of 1 lot corresponds to a trading instrument specification. One lot on a Micro account equals 0.01 of the standard lot. Trading volume for XTIUSD and XBRUSD instruments counts with a coefficient of 0.1. The volume is calculated as 1 lot for a turnover of 100,000 USD for trading with Stock CFDs, Index CFDs.
28.1.3. For the necessary turnover, the volume of offsetting locking positions is counted as 50% of each deal. The uncovered volume is counted fully as 100% of the volume.
28.1.4. If a client makes a withdrawal order before the necessary turnover requirement is completed, the finance department can cancel the withdrawal order and notify the client that the total amount of his deposits limits the withdrawal amount. After that, the client can make another withdrawal order, which is restricted by his total deposit amount.
28.1.5. Promocode bonus funds are credited as a fixed bonus. There is detailed information on the terms and conditions of Fixed Bonus.
28.1.6. The company reserves the right to change the terms of this promotion unilaterally or to suspend it entirely at any time at our sole discretion and without prior notice.
28.1.7. The promocode bonus may be deducted in whole without prior notice in a case when a client makes a re-deposit of funds to get a deposit bonus. The company has sole discretion in determining when a deposit is considered to be made with re-deposited funds. This policy also applies to cases where funds are withdrawn from one account belonging to a client and then re-deposited to another trading account of the client's profile.
28.1.8. If repeated manipulations of bonus promotions are found via re-depositing funds, the company reserves the right to deduct the payment fee cost from the next deposit. In such a case, the deduction charged will not exceed 4% of the re-deposited amount since it is intended to recover the company's costs for processing payment processing fees.
28.1.9. The promocode can be added to the client's trading account only when total deposits exceed the total withdrawals of the client for the previous 90 calendar days. In the opposite case, when total withdrawals exceed the total deposits of the client for the previous 90 calendar days, to get a promocode bonus, the next client's deposit needs to be at least double the amount of his total withdrawals made during the previous 90 calendar days.
28.1.10. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
28.2. Promocode bonus for SyntX
28.2.1. Withdrawal of profit earned using bonus funds from promocode can only be made after a necessary turnover in SPREAD is completed. The total spread paid during the SyntX account deals covers the bonus amount in the following proportion: Total Spread paid = Bonus Amount x 1.
28.2.2. If a client makes a withdrawal order before the requirement of necessary t is completed, the finance department can cancel the withdrawal order and notify the client that the total amount of his deposits limits the withdrawal amount. After that, a client can make another withdrawal order, which is restricted by his total deposit amount.
28.2.3. Promocode bonus funds are credited as a fixed bonus. The terms and conditions of the Fixed Bonus are detailed.
28.2.4. The company reserves the right to change the terms of this promotion unilaterally or to suspend it entirely at any time at our sole discretion and without prior notice.
28.2.5. The promocode bonus may be deducted in whole without prior notice when a client makes a re-deposit of funds to get a deposit bonus. The company has sole discretion in determining when the deposit is considered to be made with re-deposited funds. This policy also applies to cases where funds are withdrawn from one account belonging to a client and then re-deposited to another trading account of the client's profile.
28.2.6. If repeated manipulations of bonus promotions are found via re-depositing funds, the company reserves the right to deduct the payment fee cost from the next deposit. In such a case, the deduction charged will not exceed 4% of the re-deposited amount since it is intended to recover the company costs for paying processing fees for payments.
28.2.7. The promocode can be added to the client's trading account only when total deposits exceed the total withdrawals of the client for the previous 90 calendar days. In the opposite case, when total withdrawals exceed the total deposits of the client for the previous 90 calendar days, to get a promocode bonus, the next client's deposit needs to be at least double the amount of his total withdrawals made during the previous 90 calendar days.
28.2.8. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
29. “Rebate” promotion terms
“Rebate Promo” – promotion program offered by the Company (hereafter “Company” or “Weltrade”) to the certain Clients which allows such Clients to deposit the trading account with cashback of the certain amount of Weltrade Brokerage Spread Fees (hereafter “Rebates”) which Weltrade makes available for trade on the conditions defined further.
29.1. If The Client wishes to activate Rebate Promo, the Client should activate it by himself for each trading account via https://secure.weltrade.com/. By activating the Rebate Promo, the Client agrees with “Rebate promotion conditions”, confirms that he totally understands the conditions, meanings, risks related to the Rebate Promo.
29.2. Rebate Promo cannot be activated if there are promotion bonuses under other promotions on the account or if the account is in “Fixed exchange rate” promo.
29.3. Rebate Promo cannot be activated if the account opened under Affiliate Program or any other referral program/promotion.
29.4. Rebate Promo is available and can be activated for all type of account (except referral accounts) in any account currency regardless of if the account is swap free or not.
29.5. Under the Rebate Promo the Client can receive Rebates only after a minimum of 5 trading lot turnovers are already made on the trading account without any other promotions or bonuses. The amount of Rebate on the client's trading account depends on the total turnover on this account. From the first five lots of turnover, the Rebate is not paid. After accumulating a turnover of 5 lots, the rebates are deposited to the trading account in the following amount:
Turnover <5 - Rebate amount 0%
Turnover >=5 - <200 - Rebate amount 3%
Turnover >=200 - <500 - Rebate amount 7%
Turnover >=500 - Rebate amount 10%
*Turnover is taken into account for transactions that were opened after the Rebate Promo was activated on the account; Turnover is accounted for each trading account separately; Turnover is taken into account for all trading instruments; The turnover is reduced to standard Forex lots for the micro-accounts. The “Close buy” counts as one lot turnover. In certain cases, the coefficient 0.1 applies (for example for XTI, XBR, oil). The company may impose the coefficients on its own discretion.
29.6. The Client can withdraw Rebates starting from 1USD.
29.7. The Company reserves the right to change the terms of the Rebate Promo unilaterally or suspend it completely at any time.
29.8. The Company has the right at its own discretion to refuse the Client, in whole or in part, to participate in the promo in case of detection of any trading manipulations or trading terms violations, multiple registrations of one and the same partner or referral, trading aimed solely at fulfilling key conditions or calls to existing clients to register new accounts or in any other cases Weltrade decides so without any explanations.
29.9. Decisions on any situations that are not described in these conditions are left to the discretion of the Company.
29.10. The Rebate Promo can be unavailable in certain regions due to variety of reasons. If so – the Client will not be able to activate the Rebate Promo by the link mentioned above.
29.11. Weltrade has a right to impose any other restrictions or conditions for the Rebate Promo, Rebates amount and/or any profits made within this Promo unilaterally but with further notification.
30. Copy Trading Terms and Conditions
"Copy Trading" or "Copy Trading Platform" or simply "Platform" is a program developed by the Company that allows Clients (traders), hereinafter referred to as "Subscribers," to copy the trades of other Clients-traders, hereinafter referred to as "Providers," which can be activated by selecting "Apply now".
The Platform is designed by the Company to enable Subscribers to benefit from trading operations in the Forex market. The following are the terms and features of participation in the Copy Trading Platform and the conditions with which you agree by deciding to participate in this Platform, in addition to the conditions you have agreed to under the Client Agreement and other terms of Weltrade. All terms and definitions are used in accordance with the Client Agreement, and these "Terms" or "Agreement" are an integral part of the Client Agreement for those clients who have decided to participate on the Platform.
30.1. Attention. Risk Disclosure.
30.1.1. Copy Trading is associated with significant risks, including the possibility of losing all invested capital. The Company shall not be held liable for any losses, whether direct, indirect, special, or consequential, incurred by the Subscriber/Provider as a result of using the Platform, its software, or content. Any transactions made by the Subscriber (including the choice of Provider) are done at their own risk, and the Subscriber bears sole responsibility for any losses/damages caused to any third parties, if applicable. The Provider shall not be held liable for any losses, whether direct, indirect, special, or consequential, incurred by the Subscriber as a result of using the Platform, its software, or content. Any transactions made by the Subscriber (including the choice of Provider) are done at their own risk, and the Subscriber bears sole responsibility for any losses/damages caused to any third parties in case of their occurrence.
30.1.2. The Subscriber/Provider acknowledges that delays in copying may occur during the use of the Platform, which are a natural consequence of IT software and its infrastructure, including the global internet and data transmission between the Provider and its Subscriber. The Subscriber agrees that during such interruptions, the overall situation in the Forex market may change, leading to unintended losses or profits for the Subscriber. In this case, the Subscriber releases the Company and the Provider from any claims related to any incurred losses/damages, meaning that the Company and the Provider are not responsible to the Subscriber for any losses/damages incurred.
30.1.3. Any decisions or actions taken based on the information provided on the Platform are solely at the Subscriber's own risk.
30.1.4. The Company does not provide personalized investment recommendations, investment advice, tax advice, or any other financial advice of any kind. Any explanations or information provided by the Company to the Subscriber/Provider regarding Copy Trading or the execution of Copy Trading transactions are not intended and should not be construed as advice. Such information is provided by the Company solely for informational purposes.
30.1.5. The Subscriber/Provider must use any information obtained from the Company's website or Copy Trading functions as a starting point for their own independent research and investment decision-making. However, the Subscriber/Provider should not base investment decisions solely on the information provided on the Company's platform.
30.1.6. If the Subscriber decides to subscribe (thus copy) the Provider's decisions, the Subscriber shall pay a subscription fee to the Provider on the first calendar day of each period (week, month, quarter, etc.), upon deposit/withdrawal of funds, or upon unsubscribing from the Provider. Furthermore, the Subscriber acknowledges and agrees that if, on the above-mentioned payment date, the Subscriber fails to maintain sufficient free margin in their Company account to cover the corresponding subscription fee, their subscription will be automatically terminated with immediate effect, and positions opened before the cancellation of the subscription will be closed at the first available price.
30.1.7. The Company does not guarantee profits and cannot provide any guarantees regarding the effectiveness of any specific investment, account, or strategy.
30.1.8. Any past performance of any of the Providers, risk assessment, statistics, and any other information or documentation regarding users appearing on the website(s) and/or in the applications and/or trading platforms do not indicate future results. The Company does not represent or warrant that the Subscriber will achieve profits or losses similar to those shown on the Trader or Provider's portfolio they are copying. The Company also does not represent or warrant that the risk assessment of the Trader will accurately reflect the risk of their future results.
30.1.9. When deciding to copy a specific Provider or Providers, the Subscriber should take into account his financial position, including his financial obligations. The Subscriber should understand that Copy Trading is highly speculative, and he may incur significant losses exceeding the amount used to copy the Provider or Providers.
30.1.10. The Subscriber understands and accepts potential financial losses, such as direct losses or missed opportunities, arising from the following risks:
- • The risk associated with the automatic execution of trades, where trades are opened and closed on the Subscriber's account without their manual intervention.
- • The risk that if the Subscriber manually modifies or closes a copied trade, they may achieve a result significantly different from the result of the trade copied from the Provider.
- • The risk that if the Subscriber copies all currently open trades, the Platform will open their position at the best available price at the time of copying, rather than the price at the initial opening of the copied trade.
- • The risk that the withdrawal and deposit of funds by the Subscriber may also result in a significant difference from the result of the trades copied from the Trader, as it may affect the copying ratios. This is due to various factors, including the initial account balance, minimum trade size, investor account settings, differences in spreads, percentages, and the cost of investments at the time of investment, as well as differences in commissions that may be incurred.
- • The risk of copying the trading decisions of inexperienced and/or non-professional Providers.
- • The risk of copying Providers whose ultimate goals, intentions, or financial positions may differ from those of the Subscriber.
- • The risk of the Subscriber lacking the qualifications and knowledge to trade in the Forex market and/or choose a Provider to copy.
- • The risk of the Subscriber losing control over their account.
- • The risk of third parties gaining access to the account.
- • Risks associated with force majeure circumstances such as natural disasters, military actions, strikes, riots, network and other IT equipment failures, power supply disruptions, etc.
- • The risk that the Subscriber and/or Provider may misunderstand or misinterpret the Agreement.
- • The risk of the Company not being promptly notified of criminal, fraudulent, or other illegal actions against the Capital that contradict the terms of the Agreement.
- • The risk of unforeseen delays in transferring capital between Accounts or untimely execution of fund deposit/withdrawal requests.
- • The risk of unilateral changes to the status of either party.
30.2. Platform description
30.2.1. The Company acts as a separate party within the Platform, without assuming any authority delegated by the Subscriber and/or Provider, and does not act as an agent or authorized representative of any party. The Company solely provides a platform where Subscribers and Providers can conveniently interact within the scope of the Platform. The Company guarantees that it has not altered or distorted the Provider's data or any other data on which the Subscriber bases their decision to Copy Trading operations.
30.2.2. The Company is authorized by the Subscriber to arrange all relevant technical and organizational conditions for the Subscriber/Provider to use the Platform.
30.2.3. By accepting this Agreement, the Subscriber and Provider acknowledge the exclusive status and rights of the Company, enabling the Company to unilaterally administer and moderate Provider and Subscriber accounts, including names, graphics, images, texts, and all other content related to the use of the Platform. The Company reserves the right to suspend or terminate the operation of an account if the Provider or Subscriber violates any provisions or conditions of this Agreement, fails to comply with the principles of best behavior on the Internet, or acts unethically, especially if such actions infringe upon the legitimate rights of third parties or threaten to damage the Company's reputation.
30.2.4. The Subscriber is charged a subscription fee at the end of each period (week, month, quarter, etc.), upon deposit/withdrawal of funds, or upon unsubscribing from a Provider, in accordance with the commission schedule published by the Provider.
30.2.5. The Provider receives compensation in accordance with the information published on the Platform.
30.2.6. The Subscriber and Provider authorize the Company to calculate the fees and compensation, respectively, in accordance with this Agreement.
30.2.7. A trading commission fee may apply to trades executed on the copy trading accounts of both Subscribers and Providers. This fee is assessed during the contract closure process. The specific amount and terms of the trading commission fee will be disclosed on our Website. The Company reserves the right to deduct or offset any outstanding trading commission fees from any of the client's accounts.
30.2.8. The following limits and conditions are applicable to the Subscribers and Providers:
30.2.8.1. Subscriber Limitations:
- - A Subscriber may only subscribe to one Strategy per investment account.
- - A Subscriber may not maintain more than ten (10) active copy trading accounts.
30.2.8.2. Provider Limitations:
- - A Provider's Strategy may not be linked to more than one thousand five hundred (1,500) investment accounts.
- - A client profile may only link one (1) active investment account to a single Strategy.
30.8.2.3. The Company reserves the right to modify or amend these limitations at its sole discretion, provided that it provides reasonable notice of any such changes through announcements on the platform or other means.
30.3. The Subscriber’s status
30.3.1. The Subscriber unilaterally and at their own discretion chooses a Provider for copying based on the Provider's historical trading data presented through the Website.
30.3.2. The Subscriber should not consider the Platform as investment advice. Within the Account, the Subscriber has the right to establish, modify, and terminate trades at their own discretion independently of using the Platform and the actions of the Provider. In such cases, the Subscriber understands that these actions may result in a significantly different outcome from the results of the Provider's copied trades.
30.3.3. The Subscriber is entitled to set the maximum volume in lots at which the copying of trading operations takes place. At the same time, the Subscriber acknowledges that they have reviewed the Risk Disclosure.
30.3.4. The Subscriber agrees to the set of IT tools developed by the Company for controlling the copying of trading operations when using the Platform.
30.4. The Provider’s status
30.4.1. The Provider is a Client of the Company, utilizing the Company's corresponding service and consenting to have their trades copied by potential Subscribers.
30.4.2. The Provider does not provide investment advisory services and does not work for the Company. The Company has not entered into any legal relationship with the Provider as an investment advisor.
30.4.3. The Provider has accepted the Company's Privacy Policy as mandatory and allows and consents to the Company processing and disclosing the Provider's personal data, particularly trading operations and previous trading history, for the purpose of providing the service. The Provider authorizes the Company to disclose their trading history data to potential Subscribers. Once the Provider activates their Provider Account, they simultaneously acknowledge (provide consent for the processing of their personal data) that their personal data, including the previously executed trading operations on Forex, become publicly available and accessible to all third parties, including potential Subscribers.
30.4.4. The Provider acts at his own discretion and is free to decide which trading operations to perform. The Subscriber does not have the right to influence the Provider's decisions regarding upcoming trading operations, especially considering that no legal relationship exists between the Subscriber and the Provider.
30.4.5. The Provider does not have the right to control Subscriber accounts.
30.5. Order placement
30.5.1. Before the Subscriber starts trading by copying, they need to allocate an amount of money they would like to invest in this copying trade. Such an amount is distributed across the transactions in the same proportion as on the copied account. The Platform will then automatically execute this order, meaning that the Platform does not receive confirmation from the Subscriber before doing so. Opening such transactions does not require any prior consultations, consent, or approval. Trades below the minimum trade size will not be opened.
30.5.2. There are several order limitations when copying, including the minimum and maximum amount that can be invested in any copied Provider, the minimum trade size for any single copying trade, and the maximum number of traders the Subscriber can copy.
- • The minimum volume for a copied trade is 0.01 lot, and the maximum volume is 100 lots.
- • Copied orders with a volume below 0.01 lot will be processed according to the Subscriber's decision - an option included in their subscription - to open with the minimum volume of 0.01 lot or not.
- • The volume of any order is rounded down to the hundredth decimal place (second decimal place). For example, if the Subscriber copies an order of 0.326 lots, the order will be rounded to 0.32 lots.
- • If, after calculating, the volume of the copied trade exceeds 100 lots, the trade will be opened with a volume of 100 lots.
- • If the Provider changes equity (by depositing or withdrawing funds) or leverage, all copied trades retain their original volume on the Subscriber's account.
- • Account currency Micro USC, where 1 USD equals 100 USC.
- • The Subscriber can copy the Provider's trading strategy to an account of a similar type used by the Provider.
30.5.2.1. SyntX Accounts and Instruments
SyntX accounts and instruments used on the Copy Trading platform are subject to additional limitations and conditions. The Company retains the sole discretion to limit the number of Subscribers to any Provider's Strategy.
Due to these limitations and conditions, trading robots, automated trading algorithms, and expert advisors may malfunction. Providers are solely responsible for configuring their trading robots, automated trading algorithms, and expert advisors to comply with these limitations and conditions. The Company disclaims all liability for any misconfigurations.
30.5.2.2. Additional Limitations and Conditions
The Company reserves the right to implement additional limitations and conditions applicable to all account types participating in copy trading. These limitations and conditions will take effect immediately upon publication on the Website.
30.5.2.3. Subscriber Limitations
The Company reserves the sole discretion to limit the number of Subscribers to any Provider's Strategy.
30.5.3. All trading conditions on Сopy trading accounts: Micro, Premium, Pro (leverage, swaps, spreads) for Subscribers and Providers are equivalent to the conditions for Micro, Premium, Pro trading accounts.
30.5.3.1. Trading conditions for SyntX trading accounts involved in copy trading may differ from those not involved in copy trading.
30.5.4. The rules for executing transactions are similar to the conditions stated in section 6, "Terms of Transactions and Payment Procedures" of the Agreement. However, Limit and Take Profit orders are executed on the subscriber's account at the market price, which may result in a price difference between execution on the provider's account and the subscriber's account.
30.5.5. When the Subscriber uses the Copy Trading Platform, the Subscriber selects the copying of all trades currently open on a specific account, as well as new trades that are opened after the Subscriber starts copying a trader on such an account.
30.5.6. When copying all currently open trades, the Platform will open a position for the Subscriber at the best available price at the time of copying, rather than the price at the time of the initial opening of the copied trade. If the relevant markets are closed during the copying process (e.g., during a market break), the Platform will open a market order for the Subscriber, and once the market reopens, your order will be executed at the first available price.
30.5.7. For new trades: the Platform will open positions for the Subscriber simultaneously with the copied trades, and all instructions and actions related to the copied trade will be automatically replicated in the Subscriber's account (depending on the trade size, as described above).
30.5.8. The Platform has a number of other features that the Company may periodically provide to the Subscriber/Provider. However, the Company may add, remove, or modify the availability and functionality of these features at its discretion. This may affect how the Subscriber/Provider can use the Platform, such as whether the Subscriber can copy all trades or only new trades of a trader or portfolio.
30.6. Subscriber/Provider Restriction
30.6.1. When operating as a Subscriber/Provider, the Сlient must fulfill all registration requirements set by the Company.
30.6.2. Both Subscribers and Providers have the ability to mutually suspend copying actions, resulting in a situation where (a) upcoming trading operations are not available for copying by Subscribers, and (b) upcoming trading operations are not associated with the Subscriber's account.
30.6.3. The Company reserves the right to unilaterally, at its discretion, terminate the provision of the Service to a Subscriber.
30.6.4. The Company has the unilateral right, at its discretion, to terminate or modify the Provider's status in relation to Subscribers.
30.6.5. Copy Trading accounts do not participate in SPINNER and ASTROCARDS promotions, and cannot use promocodes and bonuses, credit bonus and fixed bonus.
30.7. Rights and duties of the parties
30.7.1. The Subscriber and Provider agree that they must:
- • Take full responsibility for complying with the legislation, including but not limited to currency, tax, and other laws of their country of residence, including full responsibility for any commercial activities resulting from the use of the Platform.
- • Provide the Company with accurate and truthful information.
- • Acknowledge the significance of these Terms and the Client Agreement.
- • Fully understand the consequences of their actions.
30.7.2. The Subscriber and Provider agree that they shall not:
- • Assume any obligations or rights on behalf of the Company.
- • Use the Company's trademarks for any personal purposes.
- • Provide any warranties or claims regarding payments on behalf of the Company or using the Company's brand name and/or trademark.
- • Take any other actions that may cause harm to the Company or result in claims against the Company by third parties.
30.7.3. If legal proceedings are initiated against the Company as a result of non-compliance by the Subscriber and/or Provider, all losses incurred by the Company shall be fully compensated by the Subscriber and/or Provider.
30.7.4. The Subscriber/Provider must refrain from Forex trading through the copying method if potential losses/damage could be unacceptable for the Subscriber/Provider and cause serious personal financial difficulties.
30.8. Responsibility
30.8.1. The Company undertakes to consider any reasonable complaint from the Subscriber/Provider and make an appropriate decision in accordance with the Agreement.
30.8.2. Under no circumstances the Company shall not be liable to the Subscriber/Provider losses or damages incurred.
30.8.3. The Company shall not be liable for any expenses, losses, or damages (direct, indirect, incidental, consequential, etc.) related to this Agreement and incurred by the Subscriber/Provider.
30.9. Other provisions
30.9.1. The Agreement comes into effect upon the Subscriber/Provider's acceptance by clicking the "Apply now" button.
30.9.2. By accessing or using the Platform, the Сlient confirms that he has read these Terms, understands them, and agrees to be bound by them.
30.9.3. The Subscriber and Provider acknowledge that the Company has the right to make changes to the provisions of the Agreement at any time without prior notice. Continued use of the Platform after changes or amendments signifies the Subscriber's/Provider's agreement to the revised Terms.
30.9.4. By entering into the Agreement, the Provider simultaneously grants permission for the processing of their personal data by the Company and any third party for marketing purposes and the promotion of the Platform, including the use of data within charts, surveys, reports, software IT products, web applications, etc., developed by the Company and used by any third parties.
30.9.5. If any provision or provisions of the Agreement become invalid for any reason, it shall not affect the validity of any other provision of this Agreement.
30.9.6. Claims for lost profits will not be considered by the Company.
30.9.7. The parties do not compensate each other for moral damages.
30.9.8. In case of discrepancies between the translation and the English text of the Agreement, the Subscriber and the Provider take measures to establish the actual meaning of the relevant terms. In case of inconsistency, the English text prevails.
31. WelBox promotion conditions
31.1. WelBox promotion is a program offered by the Company (hereafter “Company” or “Weltrade”) to its Clients which allows clients to receive cash prizes for completion of Quests.
31.2. The Quest is an action or an activity Clients need to perform to get a WelBox. The conditions and details of each Quest are revealed to Clients after activating the WelBox promotion and choosing a Quest to complete. The Company reserves the right to define and change the actions and activities for each Quest any time without prior notice.
31.3. The WelBox is a virtual item that becomes available for Clients in the Weltrade Client area after completing a Quest. Clients may choose to claim the received WelBoxes and redeem prizes associated with them.
31.4. The Prize is a cash amount associated with a WelBox and credited to Client’s Safe Box after claiming a WelBox. The amounts associated with each Prize may vary. The amounts associated with the same prize claimed several times may also vary.
31.5. Clients may choose to opt in for the WelBox promotion in the Weltrade Client area. In this case, the WelBox promotion activates automatically for such Clients.
Clients who choose to activate the Welbox Promotion must verify email or phone number.
By opting-in for WelBox promotion, Clients agree with its terms and conditions and confirm full understanding of risks associated with actions and activities required to complete Quests.
By opting in for the WelBox promotion, Clients are opting out from the “Free iPhone” promotion automatically and waive any accumulated progress in “Free iPhone” promotion. In this case the “Free iPhone” is no longer available for such Clients.
Clients may choose to opt out from the WelBox promotion any time in the Weltrade Client area. The WelBox promotion is going to be deactivated automatically for such Clients.
While the promotion is inactive, the Company does not take into account any actions and activities performed by Clients, associated with any Quest to calculate Quests progress.
Clients may choose to reactivate the WelBox promotion, i.e. opt in again after opting out.
Any action done prior to reactivating the promotion does not allow Clients to claim any of WelBoxes.
After deactivating the promotion, Clients can still claim the WelBoxes received while the promotion was active.
The Company reserves the right to opt out Clients from the WelBox promotion any time without prior notice. In this case, such clients cannot claim previously received WelBoxes.
31.6. After opting in for the WelBox promotion, Clients may choose to activate one or multiple Quests.
Upon activating Quests, the progress starts calculating immediately.
By activating WelBox promotion Quests, Clients agree that all and any actions to complete activated Quests are performed on their own will, personally, on their own behalf and interest, without any compulsion, forcing etc.
31.7. The WelBox promotion is not linked to any specific Clients’ trading account and does not depend on trading conditions of any of Clients’ trading accounts. The cash amounts of Prizes associated with WelBoxes are set in USD and are converted to the Client’s account currency when the claimed Prize amounts are credited to the Clients’ Safe Boxes.
31.8. The cash amounts credited to the Clients’ Safe Boxes after claiming WelBox Quest Prizes can be withdrawn only after completing the minimum trading volume of 1 lot.
31.9. The total trading volume in the quest "30-day trading challenge" should be at least 0.01 standard forex lots each day. Skipping a day resets the quest progress to 0.
31.10. For trading turnover quests, the size of 1 lot corresponds to the specification of the trading instrument. 1 lot on a Micro account is equal to 0.01 standard lot. For XTIUSD and XBRUSD instruments, the trading volume is calculated with a coefficient of 0.1. Trading volume for Stocks CFDs, Indіces CFDs is calculated as 1 lot per turnover of 100,000 USD. The Trading volume of SyntX instruments is not counted in turnover.
31.11. Positions covered by opposite orders are taken into account in the amount of 50% of each transaction. Uncovered volume is counted as 100%.
31.12. A closed order is not taken into account in the total trading volume of a stock if the difference between the opening and closing prices is less than the MTP value of the corresponding instrument. MTP — the minimum difference between the opening and closing prices of an order in pips.
31.13. The Company reserves the right to change the terms and conditions of the WelBox promotion, and/or the conditions of any Quest, and/or the Prize amounts, and/or any other terms and conditions related to the WelBox promotion unilaterally in any time or suspend the promotion completely.
31.14. The Company has the right at its own discretion to refuse Client’s participation in the WelBox promotion, to deactivate the promotion for any client, to suspend Clients participation in the promotion, to refuse crediting of the cash amounts of claimed WelBox Prizes, or in any other way to restrict the Client participation in the promotion in case of detection of any trading manipulations or trading terms violations, multiple registrations under the same partner or referral, trading activities aimed solely at fulfilling key conditions, or calls to existing clients to register new accounts, or in any other cases. In such cases the Company owes no explanations.
31.15. Decisions on any situations that are not described in these conditions are left to the discretion of the Company.
31.16. The WelBox promotion may be unavailable in some countries due to a variety of reasons. The Clients from such countries are not able to opt in for WelBox promotion.
31.17. The Company reserves the right to impose any other restrictions or conditions for the WelBox promotion, withdrawals of Prize amounts, or terms of the promotion unilaterally without prior notification.
31.18. The Company under no circumstances is a tax agent or the obliged legal entity to withhold the Clients’ taxes. Client’s must comply with the tax laws of their country of tax residence and must pay any obligatory taxes on their own.
31.19. The Company does not guarantee any profits and cannot provide any guarantees regarding the amount of Prizes.
31.20. iPhone Quest. To activate the iPhone quest, the Client’s phone number must be verified and the current total balance of the account must be at least $500.
31.20.1. The turnover in the iPhone Quest is written off if the user turns off the "WelBox" promotion. When the "WelBox" is reactivated, the Client must reactivate the "iPhone" in order the quest turnover to be counted in the quest progress again.
31.20.2. The iPhone quest starts from the date of its activation by the Client and ends on 01.01.2025.
31.20.3. To receive the iPhone 15 Pro Max 256GB prize, the Client has to make a trading volume of 600 lots during the quest period.
31.20.4. As a prize, the Client can choose a monetary compensation of $1200, which will be available for withdrawal without any restrictions.
31.20.5. Trading volume is taken into account on real trading accounts of all types except SyntX.
31.20.6. If you submit a withdrawal application of any amount, the accumulated progress in the quest is completely reset.
31.20.7. In case of detection of any trading manipulations or violations of trading conditions The Company, at its discretion, has the right to refuse the Client to participate in the promotion.
31.20.8. The Company reserves the right to replace the prize with a cash refund of $1200.
31.20.9. To claim the prize, the client needs to send a request to [email protected] or contact Customer Support via LiveChat after the promotion requirements are fulfilled.
31.20.10. The Security Department check of the terms and conditions of the iPhone Quest can take up to 10 business days from the moment after client claims the prize.
31.20.11. Apple or its affiliates is not a sponsor or involved in the activity (promo) in any manner.
31.21. Total deposit quest conditions
31.21.1. Total deposit 500. To open the quest, the total amount of deposits (from any trading accounts or Safe) should reach $500.00 or more. After making a deposit, you should complete a turnover of 5 lots to open a box.
31.21.2. Total deposit 1000. To open the quest, the total amount of deposits (from any trading accounts or Safe) should reach $1000.00 or more. After making a deposit, you should complete a turnover of 10 lots to open a box.
31.21.3. Total deposit 5000. To open the quest, the total amount of deposits (from any trading accounts or Safe) should reach $5000.00 or more. After making a deposit, you should complete a turnover of 35 lots to open a box.
32. Dividends on margin
32.1. The Company calculates the dividends daily at the specific time. The exact time when calculation happens may vary, please see the Account types page on the website for details.
32.2. Dividend rates vary depending on the account type, please see the Account types page on the website for details.
32.3. Swap free accounts are not eligible for dividend payouts.
32.4. Dividend rates provided in the Account types page are per annum. The daily dividend rates is calculated like follows:
- Daily Dividends = Annual Dividends / 365 * Used Margin, where Used Margin is the total amount allocated to open positions in the trading account.
32.5. The dividends are paid weekly directly to Clients' real trading accounts, the day of the week and the exact time of payment may vary and the Company reserves the right to change it at its own discretion. The weekly dividends amount is calculated as a sum of daily dividends of the past week.
32.6. Dividend rates do not apply to Demo accounts, Copy Trading accounts, and amounts in Safe.
32.7. The Company reserves the right to pause or disable dividend rates service for clients who doesn’t have enough own funds on their trading accounts or due to any violations of Client Agreement.
33. Black Friday promotion
33.1. The Black Friday promotion starts on 21.11.2023 and ends on 21.12.2023.
33.2. To participate in the promotion the Client needs to deposit at least 300 USD during the period of promotion and to complete total trading turnover of at least 15 full standard lots on any of Client’s trading accounts in case if such accounts do not have Fixed bonus or Credit bonus at the beginning of the promotion and do not receive Fixed bonus or Credit bonus during the period of the promotion. In case if the Client’s accounts have Fixed bonus or Credit bonus at the beginning of the promotion or receive mentioned bonuses during the promotion period, the Client needs to complete total trading turnover of at least 25 full standard lots.
33.3. Trading turnover on real trading accounts of all types is taken into account.
33.4. 1 lot on Micro account equals 0.01 of standard lot. The volume is calculated as 1 lot for a turnover of 100,000 USD for trading with Stock CFDs, Index CFDs. Trading volume for XTIUSD and XBRUSD instruments is calculated with the coefficient 0.1.
33.5. Winners are selected randomly among participants by the Company.
33.6. The prize for the randomly selected winners is iPhone 15 Pro. It will be handed over to the winner by the Company representative. The winners must agree to record a short video of receiving the prize and must agree to give the Company the right to use this video for marketing purposes.
33.7. To participate in a draw the Client should confirm the phone number.
33.8. Manipulation of trading conditions, creation of multiple profiles with the purpose to complete the tasks or any other actions aimed to manipulate the rules with the purpose of getting a prize is qualified as the violation of the Promotion conditions. Clients violating the Promotion conditions will be disqualified and the prizes revoked.
33.9. The Сompany reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
34. Advent Calendar Promotion
Advent Calendar Promotion (“Promotion” or “Promo”) is promotion program offered by the Company to the certain Clients which allows such Clients to gain bonuses and prizes if certain conditions are met on the terms defined below.
34.1. The promotion period is from 12/25/2023 to 01/26/2024
34.2. Clients who fulfilled the conditions during the promotion period, from January 27, 2024, receive access directly to the calendar with prizes in their account. The calendar is available until the end of the 2024 year.
34.3. To participate in the promotion, the Client must fulfill the both of the following conditions during the promotion period:
- a. Make a one-time deposit of >= $500
- b. Complete a total trading turnover >= 20 lots
34.4. Rules for counting of turnovers in Promo:
- a. The size of 1 lot corresponds to the specification of the trading instrument. 1 lot on a Micro account is equal to 0.01 standard lot. For XTIUSD and XBRUSD instruments, trading volume is taken into account with a coefficient of 0.1. Trading turnover for CFDs on shares, CFDs on indices is reduced to standard forex lots. 1 standard forex lot is equal to 100,000.00 USD. The Trading volume of SyntX instruments is not counted in turnover.
- b. Positions covered by opposite orders are taken into account in the amount of 50% of each transaction. Uncovered volume is counted as 100%.
- c. A closed order is not taken into account in the total trading volume of a stock if the difference between the opening and closing prices is less than the MTP value of the corresponding instrument. MTP - the minimum difference between the opening and closing prices of an order in pips.
34.5. Clients who have fulfilled the conditions of the promotion will have access to a page in their account, where various bonuses will appear every month.
34.6. To receive the bonus, the Client should visit the promotion page and open the available cell.
34.7. The specific bonus is determined randomly every month and is unknown in advance. The Company does not guarantee any Client gaining bonuses or the prizes.
34.8. For bonuses to increase the deposit amount, turnover is not required.
34.9. If any trading manipulations or violations of trading conditions are detected, the Company, at its discretion, has the right to refuse the Client to participate in the promotion.
34.10. Manipulation of trading conditions, hedging positions between trading accounts, creating multiple accounts and other actions on the Company’s sole discretion aimed at manipulating the rules in order to receive a prize are regarded as a violation of these Rules and such Clients are subject to disqualification from the promotion.
34.11. The company reserves the right to change the terms of this promotion unilaterally or completely suspend it at any time or to suspend any Client of the participation in Promotion on its sole discretion.
34.12. The Company does not provide any tax services to the Client as well as does not make any tax withholding on any bonuses or prizes granted to the Client. The Client agrees that it is the Client’s sole responsibility to withhold, account, pay, report about any kind of incomes received.
35. Songkran 2024 promotion
35.1. The Songkran promo 2024 promotion starts on 08.04.2024 ends on 30.04.2024
35.2. Region of promotion - Thailand
35.3. Promocodes that are given to the clients during the promotion period.
35.3.1. Promocodes’ Bonus +50% (available for the period from 08.04.2024 - 10.04.2024) and Bonus +100% (available for the period from 15.04.2024 - 19.04.2024) conditions:
- - Maximum BONUS $1,000.00;
- - Minimum deposit $1.00;
- - Available for MT4 and MT5;
- - Not matched with other bonuses;
- - Each promocode is available for one-time use only;
- - Necessary turnover volume requirement to withdraw the profit = (Amount of Bonus /5).
35.4. Clients who have not fulfilled the conditions are getting skipped and the new draw for a winner will be done in this case. Client qualifies to participate in promotion "Songkran promo 2024" when following conditions are fulfilled:
- - complete a turnover of 2 standard lots in the period of 08.04.2024 - 30.04.2024 (weekdays only);
- - Subscribed to our pages at Instagram and Facebook;
- - Reposted the Songkran 2024 social media Weltrade post.
35.5. The winners will be randomly selected and announced, and the prizes can be collected in person from Company representatives in Bangkok or sent by mail within Thailand. The winners must agree to record a short video of receiving the prize and must agree to give the Company the right to use this video for marketing purposes.
35.6. To participate in a draw, the Client should confirm the phone number.
35.7. Manipulation of trading conditions, creation of multiple profiles with the purpose to complete the tasks or any other actions aimed to manipulate the terms with the purpose of getting a prize is qualified as the violation of the Promotion conditions. Clients violating the Promotion conditions will be disqualified and the prizes revoked.
35.8. The Company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time.
36. Trade and Win Promo Rules
The "Trade and Win" promotion is a program offered by the Company to certain Clients, allowing these Clients to receive prizes upon meeting the specific conditions outlined below.
36.1. Promotion Period: June 24, 2024, to July 14, 2024. Results and prize distribution will begin no earlier than July 17, 2024.
36.2. Participation Requirements:
36.2.1. Clients must confirm their participation through their personal area.
36.2.2. To receive a prize, full account verification is required.
36.3. Trading Requirements for Certain Prizes:
36.3.1. 2000 lots — MacBook M3 Max 16-inch
36.3.2. 1000 lots — iPad Pro 13-inch
36.3.3. 500 lots — AirPods Max
36.3.4. 200 lots — Apple Watch Series 9
36.3.5. 100 lots — AirPods Pro (2nd generation)
36.4. Promotion Trading Volume Rules:
36.4.1. Trading volume is counted on real trading accounts of all types except SyntX.
36.4.2. Trading volume is calculated based on actually closed trades that were opened from the promotion start date. Closed orders after the promotion period ends or orders opened before it begins will not be counted.
36.4.3. A closed order is not counted in the total trading volume if the difference between the opening and closing price is less than the MTP value of the corresponding instrument. MTP (Minimum Tick Price) is the minimum difference between the opening and closing price of an order in pips.
36.4.4. Only trades lasting more than 120 seconds are counted.
36.4.5. Trades using bonus funds are counted if the volume of own funds exceeds $1.
36.4.6. Trade volume is calculated in standard Forex lots. For instruments XTIUSD and XBRUSD, a coefficient of 0.1 is applied.
36.4.7. Positions hedged by opposite orders are counted at 50% of each trade. Unhedged volume is counted at 100%.
36.4.8. The trading volume for Stock CFDs, Index CFDs is transformed to the standard forex lots. 1 standard forex lot is equal to 100,000.00 USD.
36.5. Violation and Disqualification:
36.5.1. In case of any trading manipulations or violations of trading conditions, the Company reserves the right to refuse the Client's participation in the promotion.
36.5.2. Manipulation of trading conditions, hedging positions between trading accounts, creating multiple accounts, and other actions aimed at manipulating the rules to receive a prize are considered a violation of these Rules, and such Clients will be disqualified from the promotion.
36.6. Miscellaneous
36.6.1. The Company reserves the right to replace the prize with its cash equivalent.
36.6.2. The Company reserves the right to change the terms of this promotion, amounts and types of prizes and other terms unilaterally or to suspend it entirely at any time. The Company reserves the right to disqualify any of the participants of the promo on its sole discretion.
36.6.3. In no case is the Company a tax agent of the Client and is not obliged to make any tax payments for the Client. The Client is solely responsible for any tax costs.
36.6.4. The Client confirms that the Company does not guarantee any wins or prizes as the conditions and trading market environment may change.
36.7. Disclaimer:
36.7.1. Apple or its affiliates are not sponsors or involved in this activity (promo) in any manner.
37. B-Day Promo Rules
The "B-Day Promo" is a special promotion offered by the Company to select Clients. This program allows Clients to receive prizes upon meeting the specific conditions outlined below.
37.1. Promotion Period and Prize Processing:
37.1.1. August 01, 2024, to August 31, 2024. Results and prize distribution will begin no earlier than September 10, 2024.
37.1.2. Company processes the request for awarding the prize within 10 days.
37.2. Participation Requirements:
37.2.1. Clients must confirm their participation through their personal area.
37.2.2. To receive a prize, full account verification is required.
37.3. Trading Requirements for Certain Prizes:
- 2000 lots — MT-07 - Motorcycles - Yamaha Motor MT-07
- 1000 lots — MacBook Pro MacBook, M3 Max, 16-inch
- 700 lots — Apple Vision Pro
- 300 lots — iPad Pro, 13-inch
- 150 lots — AirPods Max
- 50 lots — Weltrade branded merchandise
37.4. Alternative Prize Option:
37.4.1. If the Company does not have a representative office in the Client’s country, region, or city, we can offer a cash equivalent as a replacement.
37.5. Promotion Trading Volume Rules:
37.5.1. Trading volume is counted on real trading accounts of all types except SyntX.
37.5.2. Trading volume is calculated based on actually closed trades that were opened from the promotion start date. Closed orders after the promotion period ends or orders opened before it begins will not be counted.
37.5.3. A closed order is not counted in the total trading volume if the difference between the opening and closing price is less than the MTP value of the corresponding instrument. MTP (Minimum Tick Price) is the minimum difference between the opening and closing price of an order in pips.
37.5.4. Only trades lasting more than 120 seconds are counted.
37.5.5. Trades using bonus funds are counted if the volume of own funds exceeds $1.
37.5.6. Trade volume is calculated in standard Forex lots. For instruments XTIUSD and XBRUSD, a coefficient of 0.1 is applied.
37.5.7. Positions hedged by opposite orders are counted at 50% of each trade. Unhedged volume is counted at 100%.
37.5.8. The trading volume for Stock CFDs, Index CFDs is transformed to the standard forex lots. 1 standard forex lot is equal to 100,000.00 USD.
37.6. Violation and Disqualification:
37.6.1. The Company reserves the right to deny participation in the promotion if any trading manipulations or violations of trading conditions are detected.
37.6.2. Actions such as manipulating trading conditions, hedging positions between trading accounts, creating multiple accounts, or any other attempts to manipulate the rules to obtain a prize are considered violations. Clients engaging in such activities will be disqualified from the promotion.
37.7. Miscellaneous
37.7.1. The Company reserves the right to replace the prize with its cash equivalent.
37.7.2. The Company reserves the right to change the terms of this promotion, amounts and types of prizes and other terms unilaterally or to suspend it entirely at any time. The Company reserves the right to disqualify any of the participants of the promo on its sole discretion.
37.7.3. In no case is the Company a tax agent of the Client and is not obliged to make any tax payments for the Client. The Client is solely responsible for any tax costs.
37.7.4. The Client confirms that the Company does not guarantee any wins or prizes as the conditions and trading market environment may change.
37.8. Disclaimer:
37.8.1. Apple or its affiliates are not sponsors or involved in this activity (promo) in any manner.
38. Welcoin loyalty program
38.1. The Welcoin loyalty program is designed for SyntX accounts, offering them a specialized currency. Welcoins(Coins) can be earned from trading activity.
38.2. For every 1(one) dollar a Client spends on the spread, they receive 100(one hundred) Welcoins, with each 1 (one)cent equaling 1 Welcoin. However, if the Client’s trading account takes part in any bonuses programs, Welcoins loyalty program does not work.
38.3. Welcoin wallet
Once the loyalty program is activated, the client receives a welcoin wallet where their Welcoins will be stored. When conducting trading operations on synthetic accounts, the Client pays the spread and earns Welcoins(Coins).
38.4. WelShop
WelShop is a place where Client can spend their Welcoins on cash vouchers, product boxes and virtual items. Each item has a different coin price, allowing for a variety of purchasing options. For some items to be purchased, conditions must be met such as: Client's profile must be verified.
38.5. Real Money (Vouchers)
Vouchers contain a cash prize that is credited to your safe in US dollars. The available denominations of Vouchers Client can check on personal area. Some vouchers are limited in quantity, with certain ones being available in small amounts or just 1-2 pieces per profile.
For some items to be purchased, conditions must be met such as: Client's profile must be verified.
38.6. Merchandises and Product Box
The Products Box includes exclusive merchandise, such as T-shirts with individual partner QR code. The available denominations of Merchandises and Product Box Client can check on personal areas.
For some items to be purchased, conditions must be met such as: Client's profile must be verified.
38.7. Manipulating partner program conditions, usage of the site program code vulnerabilities, Company's services or third-party services, multiple accounts creation in order to receive Welcoins from personal trading funds, violating promotional rules, or engaging in any other form of illegal profit is prohibited. If such activities are detected, the Company reserves the right to cancel accrued Welcoins(Coins), remove referral accounts with violations, and refuse or limit the Client’s participation in the Welcoin loyalty program. This includes cases of trading manipulations, multiple registrations of the same partner or referral, trading solely to meet key conditions, or soliciting existing clients to create new accounts. The Company may take these actions at its discretion without providing explanations.
38.8. The company reserves the right to change the terms of this promotion unilaterally or to suspend it completely at any time at our sole discretion and without prior notice.
38.9. This offer cannot be combined with other bonuses, promotions, and incentive programs offered by the Company.
38.10. Apple and its affiliates are not sponsors and are not involved in any way with this promotion.
* Welcoins can only be earned through trading on SyntX accounts in regions where the service is available.