Conditions of Eligibility
This offer applies only to Customers that have an approved Alpari (US) trading account, and have a minimum account balance of $1,000 upon registering for the promotion. The maximum credit bonus is $3,000 per live account and is non-transferrable. Clients who qualify for the credit bonus cannot make any withdrawals during the period of the promotion or ALL of the interest accrued will be forfeited. Offer does not apply to referring broker accounts.
Calculating the Interest Bonus
1. Interest is credited at a rate equivalent to 21% per annum on free margin.
2. Interest over the promotional period (3 months) is credited at a rate equivalent to 5.25% or 1.75% per month.
3. Interest is calculated on a monthly compound basis, based on a monthly average of daily free margins and credited to the client’s account(s) on the first trading day of the following month in the promotional period, including the first trading day of the month immediately following the promotional period.
4. The interest calculation period starts when the client registers for the promotion and meets the minimum account balance requirements.
5. Following the promotional period, the interest bonus will be made available for withdrawal, upon successful completion of the trading requirements (see below). If trading requirements are not met, the interest bonus credited over the promotional period will be removed from the account.
Trading Requirements
6. To receive up to $1,500, Eligible Clients must trade a minimum of 200 standard lot round turn transactions over the promotional period. See chart below for details.
7. To receive up to $3,000, Eligible Clients must trade a minimum of 400 standard lot round turn transactions over the promotional period. See chart below for details.
8. If you have not met the required number of standard lot round turn transactions by end of trading hours on February 26, 2010 the credit bonus will be removed from your account. 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.
| Amount credited (monthly) | Standard lot round turn transactions |
| 0 - $1,500 | 200 |
| 1,501 - 3,000 | 400 |
Promotional Period
9. The entire ‘promotional period’ is from December 1, 2009 to February 26, 2010, inclusive.
10. The ‘deposit period’ (during which qualifying deposits can be made) is from December 1, 2009 up to and including February 26, 2010.
11. The ‘lots calculation period’ runs from December 1, 2009 – February 26, 2010.
12. Balance transactions will be settled during the first week of March 2010. Final calculations will be done no later than March 15, 2010.
13. These Terms and Conditions are dated December 1, 2009.
Additional Terms
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.
Risk Warning
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.
©2006-2009 Alpari (US), LLC
