Dukascopy: Equity bonus


Dukascopy Bank SA offers an opportunity to get a 10% Bonus of the account equity for self trading accounts. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on traded volume which shall be reached within 1 year after the Bonus is credited on the client account. Any withdrawal from the account before the required traded volume is reached will cancel the Bonus. Please read the Terms and Conditions of the Equity Bonus below.

 

How to get a Bonus

 

Clients can apply for a Bonus during 30 days since they made a credit on their account. The incoming transfer (Deposit) should be the last operation on the account, i.e. there should be no outgoing transfers (Withdrawals) after the Deposit.
Application for a Bonus can be done from the trading platform, Portfolio menu – My Account report.
Bonus amount will be added to the account equity right after application and will become available for trading as additional margin.

 

Bonus requirements

 

The required traded volume is equal to 30'000 multiplied by the total account equity (including the Bonus amount) at the time the Bonus application is submitted. The required traded volume should be reached before the deadline – 1 year since receiving of the Bonus.
In case the client has applied for an additional Bonus the required traded volume will be adjusted. The additional required traded volume is calculated by the formula.

Before applying for a Bonus, the required traded volume will be displayed in the application form.

 

Bonus limitations

 

Before the required traded volume is reached the Bonus cannot be used to cover losses resulting from trading. After a Bonus is received the minimum stop loss level of the account will be set to the level of the sum of all obtained active Equity Bonuses plus the minimum equity amount which is specified on the Margin Requirements page. If the client has already set a stop loss level it will be only adjusted if its level is lower than the amount all obtained Bonuses.
Bonus cannot be withdrawn till Bonus requirements are met. 

Bonus becomes free of limitations as soon as the required traded volume is reached.

 

Bonus cancellation

 

Before the required traded volume is reached the Bonus will be automatically cancelled in one of the following circumstances:

  • any outgoing transfer will cancel the Bonus;
  • the required traded volume is not reached within the 1 year deadline;
  • the client terminates the Equity Bonus in his/her reports.

Bonus cancellation will cause an automatic withdrawal of the Bonus amount from the trading account.
The withdrawal may result in higher use of leverage or may even trigger margin cut trades.
The Stop Loss Level set by the system at Bonus application moment will be cancelled.

 

Other conditions

 

In case a client was credited a contest prize with turnover conditions, he/she cannot apply to the Equity Bonus until the turnover conditions relating to his/her prize are reached.

Self trading accounts which are in relations with Business Introducer Program or Swiss Custodian Banking Services may be refused to apply for a Bonus.
Dukascopy reserves the right to change Equity Bonus Terms and Conditions, refuse or cancel Bonuses at its own discretion.

In general, the Bonus should be considered as discount on trading commissions.

 

https://www.dukascopy.com/swiss/english/forex/ecn-account-programs/bonus-program/