Regulation
Alpari (US), LLC is dually registered with the CFTC as a FCM and RFED and is a member of the NFA. NFA Member ID: 0379678.
Terms and Conditions – Get paid to trade* with Alpari (US)
Introduction
We reserve the right, at our sole discretion, to disqualify any individual that tampers or attempts to tamper with the operation of the Promotion, or breaches the Promotion Terms or Our Terms.
We reserve the right to alter, amend or terminate this Promotion, or any aspect of it, at any time and without prior notice. We may make changes to these Promotion Terms and will notify you of these changes by posting the modified terms on the Alpari (US) website. We recommend you revisit these Promotion Terms regularly and, by your continued use of the Alpari (US) website and services you accept any such modified terms.
Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned. That decision shall be final and/or binding on all entrants. No correspondence will be entered into.
If these Promotion Terms are translated into a language other than English, then the English version of the Rules shall prevail where there is an inconsistency.
Conditions of Eligibility
6. Subject to all other Terms, the Trading Bonus is available to Customers who have satisfied all requirements of the Eligibility Criteria as set out in clause 7 below. All Customers who qualify for the Trading Bonus are later referred to as an Eligible Client.
7. The Eligibility Criteria for the Trading Bonus are:
(a) that it shall only apply to Alpari US Customers that have a Live Standard account (this includes existing account holders and new Customers that open a Standard account);
(b) that the Customer must elect to opt-in to take part in the Trading Bonus by expressly confirming their decision on the landing page on the Alpari US website;
(c) that the Customer makes a new deposit into their Standard account/s after opting-in to the Trading Bonus;
(d) that there is no minimum qualifying deposit, but the trading bonus(es) are only deposited into Eligible Client’s account once the total net deposit value during the Deposit Period reaches $1,000 or more (the total value of deposits that bring a negative account balance to a zero account balance do not form part of the total net deposits for the purposes of calculating a trading bonus); and
(e) that a Eligible Client must trade a set number of standard lot round turn transactions over the “Lots Calculation Period” in the account(s) which a qualifying deposit has been made. At the end of the promotional period the trading bonus will be forfeited if the requisite number of standard lot round turn transactions have not been completed (please see below for promotional period and calculation of credit bonus details).
Calculation of the Trading Bonus
8. Once the required number of round turn lots has been completed, any trading bonus due to an Eligible Client will be calculated on the following basis:
Net Deposit Value (in USD) |
Credit Bonus (%) |
|
|
|
|
Second 5,000 (5,001 – 10,000) |
10 |
|
Third 5,000 (10,001 – 15,000) |
12.5 |
|
Fourth 5,000 (15,001 – 20,000) |
15 |
|
20,001 and up |
20.10 |
Example of How to Calculate the Trading Bonus
9. The following example is indicative and for general information purposes only:
Date (2010) |
Deposit (in USD) |
Total Net Deposit (in USD) |
Total Credit Bonus (in USD) |
|
|
|
||
|
July 19 |
Deposit: 4,000 |
4,000 |
4,000 x 7.5% = 300 |
|
July 27 |
Deposit: 5,000 |
9,000 |
5,000 x 7.5% + 4000 x 10% = 775 |
|
August18 |
Deposit 3,000 |
12,000 |
5,000 x 7.5% + 5,000 x 10% + 2000 x 12.5% = 1,125 |
|
October 8 |
Trading bonus is available for withdrawal (provided that a minimum of 200 lots have been traded in the applicable account) = $1,125 |
||
Further Conditions
10. The maximum credit bonus during the promotional period is $3,000 aggregated over all participating accounts of an Eligible Client and is non-transferrable during the Promotional Period.
11. The value of the credit bonus(es) is calculated based on the total net deposit(s) made during the Deposit Period.
12. Eligible Clients cannot withdraw funds from anyparticipating account(s) during the promotional period or the entire trading bonus will be forfeited. Transfers made between accounts will count as a withdrawal and will not count as a new deposit or be included in the total net deposit value for the purposes of this trading bonus.
13. Customers may make as many deposits as they wish into as many of their Live Standard account in order to qualify as an Eligible Client.
Trading Requirements
14. To receive up to $1,500, Eligible Clients must trade a minimum of 200 standard lot round turn transactions over the Lots Calculation Period in that account.
15. To receive up to $3,000, Eligible Clients must trade a minimum of 400 standard lot round turn transactions in one account or make at least 200 standard lot round turn transactions in 2 or more accounts during the Lots Calculation Period.
|
Amount Credited as Bonus (in USD) |
Standard Round Turn Lot Requirements |
|
0 – 1,500 |
200 Lots |
|
1,501 – 3,000 |
400 Lots |
17. At the end of the Lots Calculation Period, if the required number of standard lot round turn transactions in the participating account(s) have not been met, then the trading bonus will be removed from the account(s). This may affect the equity and margin level on your open positions, possibly closing some or all of your positions out. This will be done automatically by our Risk Management System that limits your potential losses.
Definition of ‘Period’
18. The Promotional Period consists of the following:
(a) The ‘Deposit Period’ (the period during which qualifying deposits may be made) runs from October 4, 2010 (00:00:01 GMT) to October 29, 2010 (00:00:00 GMT); and
(b) The ‘Lots Calculation Period’ runs from October 30, 2010 (00:00:01 GMT) to November 26, 2010 (00:00:00 GMT).
Withdrawal
19. The trading bonus will be available for withdrawal on November 29, 2010, provided all promotion conditions have been met.
Risk Warning
20. Forex Trading is speculating in foreign currency exchange rates in an off exchange over the counter market (OTC). The funds in your account may not be afforded the same protection under U.S. Bankruptcy code as funds deposited for exchange traded contracts. You could end up being a general creditor if Alpari (US) were to become insolvent. Forex trading is very speculative, risky and is not suitable for all investors. In fact, you could lose all your initial investment and may be liable for additional losses. Alpari (US), LLC is registered with the CFTC as a Futures Commission Merchant and is a member of the NFA - Member ID: 0379678.
©2006-2010 Alpari (US), LLC
