Binary Options Cashback Terms & Conditions

Introduction

The following Terms and Conditions shall be considered an inseparable part of the Client Agreement between Global Derivative Capital Markets NZ Limited referred to as “GDMFX” and “The Company” and all Customers that have requested and have subsequently been granted a Binary Options Cashback, referred hereinafter as “Cashback”.

These Terms are binding, and all Customers are advised to read through them carefully and to seek independent advice where necessary.

GDMFX does not recommend this promotion to Customers who lack the experience or knowledge needed in order to use its properties to their advantage.

Eligibility

All New and Existing Customers of GDMFX can request to participate in this promotion under which they can receive a Cashback of up to 500 USD/EUR/GBP in the form of reimbursement of the first 5 losing trades if the following conditions are met:

 

  • Participation in this promotion must be made no later than 48 business hours after making the new eligible deposit(s)

  • The Customer doesn’t have open positions in the Trading Account for which the promotion shall apply.

  • Participation can be requested and granted only once per Customer

  • Participation can be requested for a trading account with at least 500 USD/EUR/GBP of newly deposited capital

  • GDMFX shall consider the Deposited Capital of a Customer to be an “Eligible Deposit” if the Deposit has been made after the 1st of July 2017. Internal Transfers from Trading Accounts belonging to the Customer are not considered Eligible Deposits.

 

GDMFX reserves the right to deny any participation request based on its sole discretion and without providing any explanation for its decision.

Properties of the Cashback

  • Every participating Customer can ask GDMFX to reimburse losses from the first 5 trades that were made once a participation was granted.

  • GDMFX shall  reimburse up to 500 USD/EUR/GBP of losses but not more than 100 USD/EUR/GBP per trade

  • The amount of the reimbursement, hereinafter referred to as “Cashback” shall be transferred to the Customer’s balance by the Company once a Minimal Trading Requirement (hereinafter referred to as “MTR”) has been met

  • MTR is equal to the Cashback amount multiplied by 10. In other words, in order to receive a Cashback of 100 USD, the participating Customer must have purchased Binary Options for the total amount of 1 000 USD (100X10).

  • The amount of the Cashback is equal to the amount of losses from the first 5 losing trades of the Client

  • The maximal amount of the Cashback shall not exceed 500 USD/EUR/GBP, depending on the denomination of the trading account for which participation was granted

  • The Cashback Account shall be based on the “Classic Binary” Account Type offered by GDMFX and described on the Company’s website. All properties of the Cashback Account shall be the same as those of the said Account Type

  • No other Promotions or Special Arrangements can be applied to the Cashback Account in combination with the present promotion.

Participation Cancellation

GDMFX reserves the right to terminate any customer’s participation in the current promotion in the following cases:

 

  • When the Customer is in breach of any of the Terms and Conditions of GDMFX

  • In case of Account Termination as specified in the GDMFX Client Verification and Administration Policy

  • In case the Client does not claim the reimbursement or fails to satisfy the conditions set herein for more than 3 months since his/her participation was granted

  • In case the Company suspects trading practices by the Client, aiming solely at generating trading volume for getting awarded with the Cashback, which includes but are not limited to:

    • Churning

    • Internal/external hedging

    • Same electronic identification point or same unique hardware identification number (Mac) with other users;

    • Different accounts being traded by one trader simultaneously
       

Customers are explicitly warned and agree that the decision of GDMFX shall be final, non-negotiable and non-reversible.