Promotion conditions
- This offer is valid from 15th November 2018 until 15th January 2019.
- The Bonus is applicable to initial deposits by new clients with Berry.
- The bonus is 20% of the initial Deposit, with a maximum of $500 bonus granted.
- Scalping / EAs not Allowed
- The bonus will be limited to one account per client and only to new lients
- The Bonus cannot be withdrawn unless the number of lots required is completed.
- The client can withdraw at any time his initial deposit where Berry will be entitled to remove/cancel the bonus if the requirement of the bonus was not fulfilled.
- The required number of lots will be calculated as the following: (Bonus granted) /10
- Only Standard accounts (2 pip Spread) would be considered in Bonus,
- Only FX & Metal volume would be considered or calculated.
- The Bonus is limited to expiration date of 3 Months for completing the required number of lots.
- In order to claim the Bonus, the client should have his trading account funded and flat (with no open positions) and then claim to support@berryfinex.com. Berry will review the account and approve within 24hours if the account has been sufficiently funded.
Example
Client deposits $2500 and receives a 20% bonus (i.e. $500). They are expected to do 50 closed lots (10% of bonus amount) before being able to withdraw.
Suppose the client does less than 50 lots and wants to withdraw the full amount of their account equity; they will be losing the bonus in full, i.e. amount he is entitled to withdraw = Equity - $500. Client is always entitled to his full equity plus or minus the trading revenue.
If client meets the criteria of the promotion and does 50 lots and wants to withdraw the entirety of their equity; they will not lose anything.
If client satisfies the volume criteria of 50 lots and wants to withdraw profit achieved on the account, he will not lose anything, i.e. he can withdraw the initial amount deposited as well as the bonus granted. This means that once a client has satisfied in full the volume condition; they are entitled to the full amount of Equity, bonus and profit or loss.
If client does less than 50 lots and he loses the whole amount along with bonus, his bonus is automatically cancelled and doesn’t apply on later deposits
If he does less than 50 lots and decides to deposit more funds and receives another 20% bonus, the total amount of volume to be done will be 10 % of the sum of the first bonus and that of 2nd bonus granted.