Bonus Agreement

Last Updated on May 27th, 2022

Download PDF format here.

Monyxa (hereinafter referred to as the “Company”) wishes to set the framework of and define the following Terms and Conditions for the provision of Bonuses. By signing below, you (the “Client”) hereby irrevocably accept and agree to the Bonus T&C listed below.

BONUS TERMS AND CONDITIONS
A Bonus can only be claimed by a Verified customer.
The Bonus amount available is 10% to 100% of the deposit amount, according to the account type.
The Bonus cannot be added to deposits from contests/promotions, etc. unless stated otherwise.
It is advised to request a Bonus right after your deposit is credited to your trading account.
The Bonus shall be credited into your account and locked until the volume requirements are met.

HOW IS THE VOLUME REQUIREMENT CALCULATED
Total Deposit + Total Bonus Allocated x 50 and achieved by Leveraged volume initiated.
(E.g.: Total Deposit $1000 + Total Bonus $200 X 50 = Total Turnover required $60000 on leverage amount of trade)
 
Each bonus added, contributes to the Total Bonus amount.
Volume calculation starts from the first Bonus and continues consecutively. This means that you can’t withdraw any bonus before you trade the required volume.
The volume calculation starts from the moment the Bonus is injected.

  • Once you sign this Bonus Agreement, any subsequent Bonus opportunities presented to you need only be verbally accepted or declined. It is your responsibility to ensure that any Bonuses allocated to your account are correctly reflected in your account.
  • If you choose to accept a Bonus, you will be allocated an additional budget to use on your trading platform, However, this additional budget is subject to additional withdrawal conditions

A WITHDRAWAL CANNOT BE PROCESSED IN THE BELOW CASES
When a client is not fully verified.
If the Volume Requirement stated above is not met.
Monyxa may reject client’s Bonus application(s) at any time without prior notification or providing reasons for such decision.
Monyxa may cancel a client’s Bonus at any time without prior notification.
Any situation not described in these rules shall be subject to the Monyxa’s decision.
Monyxa reserves the right to change, update or cancel Bonus promotion at any given time.