2. NLVX will offer a 5% discount on every deposit made. For example, if a user wants to deposit $1000 to their account, they only need to deposit $950 as extra 5% will be added by NLVX itself.
Term and Condition 2: The user must trade in currencies and commodities to avail the offer.
3. If any new user referred by an IB deposits an amount in their respective account, then the IB will receive an instant cashback of 5%.
A 200 percent deposit bonus is offered to the clients under the following conditions:
By applying for the Bonus, the Client agrees to be bound by the Bonus Terms and Conditions and the Company Terms and Conditions.
Only NLVX-Premium accounts can avail of the Deposit Bonus.
The 200 percent Deposit Bonus increases the amount of money available for trading purposes.
The bonus can't be used to make up for trading losses.
The bonus is not part of the trading account balance and is shown in the MetaTrader platform's "Credit" section.
The Deposit Bonus promotion is for an limited period of time. Once the Bonus is received, or in case the client fails to meet the Bonus requirements, he/she may reapply for the bonus on completion of 180 days.
How Do You Get Your Deposit Bonus?
Each registered customer profile on the company website is eligible for one active bonus at a time.
If the Bank Transfer deposit method is used, the participant must notify his or her account manager to arrange for a Bonus assignment to their (participant's) trading account via e-mail after their trading account has been funded. In all other cases, the Bonus is automatically credited to their account.
Before the Bonus is transferred to the account balance and accessible for withdrawal requests or internal transfers, clients must meet the minimum trading volume prerequisites. Clients will have 180 calendar days after receiving the Bonus to meet the minimum volume requirement. This term is calculated independently for each bonus amount earned during this promotion.
Example:
A Participant deposits $100 and chooses a 100% Bonus.
The applied bonus is added to the Participant`s account and the updated balance is $100 Deposit + 100% Deposit Bonus = $200; required lots to trade:0.20 lot per USD$100*0.20 = 20 lots.
The Participant gets 180 calendar days to trade the desired number of lots and use the Bonus. The Participant applied for the Bonus in September, so they have time till March to fulfill the required trading volume.
If the minimum trading volume requirement has not been met even on completion of 180 days from the deposit date, NLVX reserves the right to revoke a client's eligibility for any active bonuses. Clients must make good faith efforts to ensure that NLVXwill be in the capacity to withdraw a bonus after 180 days if the least trading volume has not been met.
The Bonuses will only be credited to the same real trading account that was used to make the deposit.
Steps to Withdraw a Deposit Bonus?
On meeting the trading volume requirement, the participant may withdraw the Bonus or even use it to trade further.
Once the Deposit Bonus is credited to the client's trading account, it gets linked to that account and cannot be withdrawn in part or in full unless the minimum trading volume requirement is completely met.
The participant can then easily withdraw accrued profits and previous deposits from the trading accounts. They understand and agree that any withdrawal of deposited funds prior to meeting the Trading Volume Requirement will result in the complete removal of the Bonus from their account.
The Deposit Bonus is non-transferable and can only be availed to the recipient of this offer.
The participant agrees that a withdrawal plea will not be processed if it results in an overall reduction of more than 65 percent of the free margin on the account after taking into account any automatic reductions of bonus levels.
Conditions of the Stop Out (Margin Call)
The participant accepts and agrees that in addition to the default Stop Out level stated on NLVX website, an Additional Stop Out condition will be applied to their trading account that contains a Bonus due to an additional free margin limit constituted by a Bonus amount in the trading account. If any out of the Additional Stop Out or default conditions occur in their trading account, all open positions will be liquidated immediately.
The Stop Out procedure will be triggered if the participant's total account equity falls below the amount of the collected Bonus.
The Deposit Bonus is non-transferable and is only available to the person who received this offer.
The participant accepts and agrees that a withdrawal request will not be processed if it results in a complete reduction of more than 65 percent of the free margin on the account after taking into account any automatic reductions of bonus levels.
Miscellaneous
The right to amend, change, or cancel this promotion without prior notification to existing or prospective promotion participants will always be rested with the NLVX.
In case the company suspects that a Promotion participant has attempted to abuse or abused a Promotion or did act in bad faith towards NLVX, then NLVX retains the right to deny, withhold, cancel, or withdraw the credit bonus from that participant, and, if needed, to cancel any terms and conditions of this promotion and client agreement with respect to that Promotion participant, either momentarily or permanently, or to terminate that part of the client's agreement(s).
The bonus funds are considered the Company's property until the client meets the specified trading volume.
A third party charges a commission or service charge on most deposit instruments. It is the due responsibility of the client to provide adequate deposit levels, with the exception of the commission to be eligible for the relevant bonus category.
Trading in the Forex and CFD markets is fraught with danger. Trading in the Forex and CFD markets should be avoided unless the trader is completely aware of and understands the risks involved. Participation in this promotion should not be used as a motivator to enter the Forex and CFD markets.
It is the client's responsibility to make sure that all applicable taxes and fees on bonuses are paid in their country itself.
If there is any uncertainty, confusion, or inconsistency between the various translations of these Terms, the English version shall take precedence.
Participants with additional questions about the Promotion may kindly contact NLVX at [email protected] or their personal account manager.
