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ZEMMY TRADE BONUS WELCOME PROGRAM. TERMS AND CONDITIONS
1. Definitions
1.1. For the purposes of Zemmy Trade Bonus Welcome Program, Terms and Conditions (the “Bonus Terms”), the following definitions shall apply:
“Bonus Welcome Program” or “Program” means a promotional program consisting of two interrelated offers:
(a) the first offer allows the Client to receive Bonus Funds by depositing Real Funds and applying a valid promotional code during the deposit transaction, subject to the applicable promotional conditions;
(b) the second offer grants the Client the opportunity to complete a trading task (the “Task”) by achieving a specified trading volume (the “Target Amount”), calculated as a multiple of the Bonus credited to the Client, in order to receive a monetary reward (the “Reward”).
“Bonus” or “Bonus Funds” means virtual funds credited by the Company to the Client’s Account under the Program. Bonus Funds are subject to these Bonus Terms and the Turbo Trades Terms and Conditions (the “Agreement”) and are not withdrawable unless expressly provided otherwise.
“Real Funds” means funds available to the Client for trading that are not Bonus Funds, as defined in the Agreement.
“Task” means the requirement to achieve the Target Amount through eligible Turbo Trades within the applicable validity period.
“Target Amount” means the total trading volume required to complete the Task, calculated by multiplying the Bonus amount credited to the Client by the multiplier specified in the applicable Program conditions.
“Reward” means a fixed amount of Real Funds credited to the Client’s Account upon successful completion of the Task, subject to these Terms.
The Bonus does not constitute withdrawable funds. The Reward is credited only upon successful completion of the Task.
2. General Provisions
2.1. These Bonus Terms govern participation in the Program, including the granting and use of Bonus Funds, the completion of the Task, the payment of the Reward and the cancellation of participation in the Program.
2.2. To participate in the Program, the Client must apply a valid promotional code during a deposit transaction on the Platform and ensure that the relevant deposit is credited to the Client’s Account. The Bonus amount is determined by the conditions of the applicable promotional code and the deposit amount. Where available, the applicable Bonus amount shall be displayed on the Platform before the deposit is completed.
2.3. Upon the Bonus being credited to the Client’s Account, the Task shall be assigned automatically. The applicable Target Amount, Reward and validity period shall be displayed to the Client on the Platform or otherwise communicated by the Company.
2.4. Upon successful completion of the Task, the Reward shall be credited to the Client’s Account as Real Funds. The Bonus shall then be cancelled and removed from the Client’s Account.
2.5. Only one Bonus may be active per Account at any given time. The Bonus is non-transferable and may not be transferred or reassigned to another Account.
2.6. Unless otherwise specified in the applicable Program conditions or in the Bonus Terms, the Bonus and the associated Task shall remain valid for thirty (30) calendar days from the date the Bonus is credited to the Client’s Account.
3. Use of Bonus Funds
3.1. Bonus Funds may be used exclusively to open Turbo Trades through the Service, subject to the Agreement and these Bonus Terms.
3.2. The use of Real Funds and Bonus Funds shall be governed by the Agreement. Real Funds available in the Client’s Account shall be used first. Bonus Funds may be used to open Turbo Trades only after the Client’s available Real Funds have been fully used. Real Funds and Bonus Funds shall not be combined proportionally to fund an individual Turbo Trade.
3.3. Each Turbo Trade remains subject to the applicable conditions under the Agreement, including the minimum and maximum Trade Amounts, the available Assets, the applicable Service Level and the other conditions displayed on the Platform.
3.4. The financial result of each Turbo Trade shall be determined in accordance with the Agreement. Any Profit or loss associated with a Turbo Trade funded with Real Funds shall be reflected in the Client’s Account in accordance with the Agreement. Any Profit or loss associated with a Turbo Trade funded with Bonus Funds shall be allocated to the relevant funds in accordance with the applicable Bonus conditions displayed on the Platform. Unless expressly provided otherwise, Profit attributable to Bonus Funds shall remain non-withdrawable and shall be treated as Bonus Funds.
3.5. If the Client makes additional deposits while a Task is active, the Bonus already credited shall remain subject to the applicable Program conditions. Additional deposits shall not automatically entitle the Client to another Bonus or change the existing Target Amount or Reward.
3.6. A Turbo Trade may be opened only if the Client has sufficient available funds to cover the relevant Trade Amount in accordance with the Agreement.
3.7. The amount of Bonus Funds may decrease as a result of losses on Turbo Trades funded with Bonus Funds and may increase where Profit is credited to Bonus Funds in accordance with the applicable Bonus conditions. Any such increase remains subject to the restrictions applicable to Bonus Funds and does not automatically constitute withdrawable Real Funds.
3.8. If the Bonus balance reaches zero, no further Bonus Funds shall be available for trading unless the applicable Program conditions expressly provide otherwise. The Task shall remain active until its expiry or cancellation in accordance with these Terms, and the Client may continue to complete it using eligible Turbo Trades funded with available funds.
3.9. Bonus Funds may be used solely for the purposes specified in these Bonus Terms and may not be used to pay for purchases, subscriptions or other services offered by the Company.
4. Task Completion and Reward
4.1. The Task requires the Client to achieve the Target Amount through eligible Turbo Trades. The Client is not obliged to complete the Task. Failure to complete the Task shall not, by itself, constitute a breach of the Agreement or these Terms, but the Client shall not be entitled to receive the Reward unless the Task is completed within the applicable validity period.
The Reward amount shall be disclosed to the Client when the Bonus is credited or otherwise made available to the Client through the Platform. Unless expressly stated otherwise in the applicable Program conditions, the Reward amount shall be fixed and shall not depend on the Client’s trading profits or losses or on the remaining Bonus balance.
4.2. Only Turbo Trades opened through the Client’s Account while the Task is active and settled in accordance with the Agreement shall count towards the Target Amount, subject to the exclusions set out in these Bonus Terms.
4.3. Turbo Trades with a final outcome of Win, Loss or Standoff shall count towards the Task progress, irrespective of whether they result in a Profit or loss. Turbo Trades assigned an Error status shall not count towards the Task progress.
4.4. The trading volume contributed by an eligible Turbo Trade shall be calculated based on its Trade Amount. Each eligible Turbo Trade shall be counted only once after its settlement in accordance with the Agreement.
4.5. Upon the Target Amount being achieved, the Reward shall be credited to the Client’s Account as Real Funds. The Bonus shall then be cancelled and removed from the Client’s Account.
4.6. The Client may monitor the Target Amount and progress towards completion of the Task through the relevant section of the Platform, where this functionality is available.
5. Cancellation of the Bonus Program
5.1. Participation in the Program and the associated Task may be cancelled in any of the following circumstances:
5.1.1. The Client submits a withdrawal request from the Account to which the Bonus has been credited while the Task remains active;
5.1.2. The validity period of the Task expires before the Target Amount is achieved;
5.1.3. The Client transfers funds from the Account to which the Bonus has been credited to another Account, where such transfer is available and results in cancellation under the applicable Program conditions;
5.1.4. The Client manually cancels the Task through the relevant functionality on the Platform, where available.
5.2. Upon cancellation of the Program or the Task, any progress towards the Target Amount shall be forfeited and shall not be restored, unless the Company expressly determines otherwise.
5.3. The Client may cancel participation in the Program before completing the Task, where the Platform provides such functionality. In that case, the Bonus shall be cancelled, and progress towards the Target Amount shall be forfeited. Cancellation shall not, by itself, restrict the Client’s right to withdraw available Real Funds, subject to the Agreement and applicable withdrawal requirements.
5.4. Upon successful completion of the Task, the Reward shall be credited to the Client’s Account and the Bonus shall be removed in accordance with these Terms.
5.5. The Company may cancel or restrict participation in the Program, or take other measures available under the Agreement and applicable law, in the event of a breach of the Agreement, these Bonus Terms or the applicable Program conditions, or where such measures are required or reasonably necessary to prevent fraud, abuse or other prohibited conduct.
6. Final Provisions
6.1. These Bonus Terms shall be interpreted together with the Agreement and any other applicable terms and policies made available by the Company on the Platform.
6.2. In the event of a conflict between these Bonus Terms and the Agreement, the Agreement shall prevail with respect to the provision of the Service and the opening, operation, closing and settlement of Turbo Trades. These Bonus Terms shall govern the specific conditions of participation in the Program, to the extent they do not conflict with the Agreement.
6.3. In the event of a conflict between these Bonus Terms and any marketing materials or interface descriptions, these interface descriptions shall prevail with respect to the Program, unless otherwise required by applicable law.
6.4. The Company may amend, suspend or terminate the Program and may amend these Bonus Terms in accordance with the Agreement and applicable law. Any amendments shall take effect on the date specified by the Company.