- Vida Markets reserves the right to withdraw this promotion at any time at its sole discretion and without the need to provide notice of cancellation to the Customer.
- Clients can use the credit as margin for trades executed in their account.
- Clients must maintain sufficient margin in their trading account at all times to ensure that they have sufficient funds to support open positions. If there is insufficient margin (margin call and margin stop) the credit will be deleted and all positions closed automatically.
- Clients must trade the required trading volume and deposit amount to receive the cash bonus. Withdrawals are not allowed when participating in this promotion. If you withdraw funds during the promotion period, you will be deemed to have lost your eligibility to participate.
- Any trading pattern found to be in violation of the terms and conditions of the Vida Markets Client Agreement will result in the termination of the campaign and the client will forfeit the cash and credit deducted from their deposit.
- Nothing in this Agreement supersedes the relevant terms and conditions of the Customer Agreement.
1. Overview of the event
These terms and conditions (the "Rules") will apply when a Participant deposits funds into their Vida Markets trading account (the "Promotion"). By participating in this Promotion organized by Vida Markets, the participant agrees to abide by these rules. All capitalized but undefined terms will be deemed to have the same meaning as such terms in your Customer Agreement.
2. Eligibility
To be eligible for this promotion, you must meet the following criteria:
2.1. The Promotion is only available to participants who have been approved by the Vida Markets Compliance Team to hold a trading account. The number of this promotion is limited, and each trading account can only claim the total deposit amount once.
2.2. The bonus is only applicable to a single deposit in relation to the table below.
2.3. Trading accounts must trade in Vida Markets STP or RAW spreads. If you meet the above criteria, you may be eligible to participate ("Participant") in this Promotion.
3. Event Details
The details of this promotion are as follows:
To be eligible for this promotion, you must meet the following criteria:
3.1. The Promotion will end on 30.09.2024.
3.2. Participants must opt-in to participate in this promotion and clarify their decision to confirm their participation by sending an email to [email protected] or registering through the promotion page.
3.3. Unless expressly stated in the terms and conditions of the Campaign, this Campaign cannot be combined with any other Campaign.
3.4. Only verified and eligible participants will be able to participate in this Promotion.
3.5. Vida Markets provides negative balance protection to all participants in accordance with the rules set by the regulator. The credit in promotion is not used to support your trading margin. If your account equity falls below the credit level of your account, your trade will have a negative balance and will therefore be closed. Participants shall be solely responsible for maintaining sufficient margin levels in their accounts so that after the cancellation of credit, the margin level remains sufficient to maintain open positions.
3.6. Vida Markets reserves the right to change the conditions or refuse to grant the Reward at any time.
3.7. Vida Markets reserves the right to cancel this promotion at any time.
3.8. The Participant shall read the Terms and Conditions carefully and comply with these Rules. Ignorance of the terms is not a valid argument when the application is submitted.
3.9. By accepting and continuing this Promotion, you agree to be bound by these Rules and the relevant Customer Agreement with Vida Markets. In the event of a conflict between any provision of these Rules and any provision of your Customer Agreement, the Customer Agreement shall prevail.
4. Award Criteria
4.1. The eligibility criteria for awards and activities are summarized in the table below;
| Deposit | Trading Volume (Minimum) | Trade Period |
|---|---|---|
| 500 – 2,999.99 | 25 | 60 days |
| 3,000 – 4,999.99 | 40 | 60 days |
| 5,000 – 6,999.99 | 50 | 60 days |
| 7,000 – 8,999.99 | 60 | 60 days |
| 9,000 – 10,999.99 | 70 | 60 days |
| 11,000 – 14,999.99 | 80 | 60 days |
| 15,000 – 17,999.99 | 90 | 60 days |
| 18,000 – 19,999.99 | 100 | 60 days |
| 20,000 – 22,999.99 | 150 | 60 days |
| 23,000 – 25,999.99 | 175 | 60 days |
| 26,000+ | 200 | 60 days |
4.2. The promotion is available for individual trading accounts or sub-accounts. You can't group trading accounts together.
4.3. You must send an email to [email protected] or register via this link in order to participate in this promotion. If you are applying to join by email, the email must include your full name, contact number, and trading account number.
4.4. You will receive a Credit Bonus of 10% of your net deposit amount. The maximum credit applied to your account will be $2,600
4.5. Your cashback amount will be identified from the 10% credit bonus assigned to you. The minimum trading volume will over power the cashback you will receive.
4.6. If you do not reach the Eligible Trading Volume within the Deposit Range, the following example will be applied: Deposit $5,000 you will receive a credit amount of $500, trade 50 lots, you will receive a cash back amount of $500. Another example if you deposit $14,000, you will receive a credit bonus of $1,400 and trade 10 lots then you wont be entitled to your cashback amount as you have not reached a minimal volume qualifier of 60 lots.
4.7. The campaign period (60 days) begins on the date of receipt of the opt-in email. Eligible trading days are taken into account during this period, and any holidays or other periods affecting trading will not be considered.
4.8. Vida Markets will convert the credit to cash based on your deposit and trading volume qualified (see table above)
4.9. The products that count towards the Eligible Volume are Forex currency pairs, XAUUSD and XAGUSD. Any other products will not be counted towards the Eligible Trading Volume.
4.9.1. Re-deposit or rollover to your trading account and subsequent trading lots will count towards the Eligible Volume Target. Any re-deposit will not affect the duration of the promotion and will be retained for 90 days from the date of receipt of the confirmation of joining. The extra credit will not be applied to any rollover and re-deposit.
5. Credit Applications
5.1. The credit will be credited to your account within 24 business hours after Vida Markets receives the deposit and opt-in confirmation. Internal transfers, balance adjustments, rebates from Introducing Brokers as well as affiliate marketing partners, or commissions of any kind will not be considered as new funds.
5.2. Cash and credit will only be added to your trading account after the eligibility conditions have been met and successfully reviewed by Vida Markets.
5.3. Re-depositing or rolling funds to your trading account is not eligible for additional credit. Credit and cash exchange requests can only be made on the basis of a single deposit application. If you wish to apply for a new credit on the same trading account, you must only apply if all positions have been closed and you do not have any open trades.
6. Withdrawals
6.1. The actual equity can be withdrawn at any time.
6.2. Credit rewards cannot be withdrawn in cash at any time.
6.3. If you wish to request a withdrawal, your equity after withdrawal must not be less than the minimum deposit required to participate in the promotion. Failure to maintain this amount will result in disqualification and any associated cash and credit rewards will be forfeited in full.
6.4. Once the equity on your account is less than or equal to the sum of all active trading credits, all active trading credits will be written of from the account.
6.5. In order to prevent your account from being in a negative equity situation, when the equity on your account = available credit, your trade will be "stopped out", i.e. automatically closed.
7. Additional Notes
7.1. We are the sole arbiter of this Promotion, these Rules and any issues arising out of this Promotion. Special circumstances outside of these rules are at the sole discretion of the Vida Markets management and the decision of our management will be final. We reserve right to change, modify or terminate the promotion or any aspect of it at any time without prior notice.
7.2. We will not be liable for any losses suffered by you as a result of transactions related to this promotion.
7.3. The Promotion is deemed to be the property of Vida Markets.
7.4. Any dispute or circumstance not covered by the terms of this Promotion will be resolved by our management in a manner deemed to be the fairest to all parties involved, which decision shall be final and binding on all parties. We reserve the right to refuse to award rewards if we have reasonable grounds to believe that there is any cooperation, collusion and organisational transaction from the same source, or if we have reason to believe that the promotion is being abused in any way.
7.5. Any participant who abuses the spirit or intent of this Promotion will be revoked and suspended from this Promotion and any obligations incurred by Vida Markets under this Promotion. We reserve the right to cancel or withdraw the Promotion at any time in the event of any suspected abuse of the Promotion. For the avoidance of disputes, "abuse" includes, but is not limited to, submitting multiple deposits and claiming rewards for each deposit. In addition, we reserve the right to stop or withdraw a Promotion if any these rules are violated or if there is any reason to suspect that a participant has acted fraudulently or gained an unfair or unintentional advantage in the Promotion.
7.6. If at any time all or any part of a provision of these Rules becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, such provision shall not affect or impair the legality, validity or enforceability of the remainder or all other provisions of these Rules in that jurisdiction. All Terms, or all other provisions of these Rules, shall be subject to the legality, validity or enforceability of the laws of any other jurisdiction.
7.7. Trading in the Forex and CFD markets carries substantial risks. Participants should not engage in trading in the forex and CFD markets unless they are fully aware of and understand the risks involved in trading. Participation in this promotion should not be an incentive when considering participation in the Forex and CFD markets.
7.8. If there are other questions related to the promotion, the Participant can contact Vida Markets via [email protected] email.
8. Award Application
8.1. All applications can be sent to the [email protected] email address.
8.2. All applications shall include the participant's name, registered email address, account number and a full description of the issue.
