It's a signal that the drawdown on your trading account is approaching a dangerous threshold. You need to fund the account or close losing positions; otherwise, your positions will be liquidated, and you'll be left counting losses. Is it a disaster?
No! Margin Call Bonus comes to the rescue!It provides additional funds to maintain open trading positions and continue active trading when a Margin Call occurs.
Completed trading volume on the account | Bonus amount (per 1 lot) |
---|---|
from 2 to 5 lots | $5 |
over 5 to 10 lots | $7 |
over 10 to 50 lots | $10 |
over 50 to 100 lots | $12 |
over 100 lots | $15 |
Example: Before the Margin Call Bonus is credited, you executed a trading turnover of 40 lots. Consequently, a bonus of $400 will be credited to your account, calculated as 40 × $10.
Trade
Be sure to carefully review these Rules to learn who can participate in the program, and understand the procedure for bonus accrual and utilization.
Show the Rules& Margin Call Bonus
If you have any questions, please contact our Support Service via live chat or email at support@nordfx.com.
© 2024 NordFX
1.1. Any client of the brokerage company NordFX (hereinafter the "Company") who has undergone a complete KYC verification and fulfilled the conditions specified in these Rules is eligible to become a participant in the Margin Call Bonus accumulative program (hereinafter the "Program").
1.2. The program's objective is to provide the client with additional funds to maintain their open trading positions and continue active trading in the event of a Margin Call on the client's specific trading account (hereinafter referred to as the "account"). The funds are credited to the account balance in the form of a non-withdrawable bonus (hereinafter the "bonus").
1.3. All active Pro-type trading accounts opened by the client after the program's commencement and registered by the client as a participant in the program, as per clause 2.2, are eligible for inclusion in the program.
1.4. The number of accounts opened by one client and participating in the program is not limited.
2.1. The bonus amount is calculated based on the client's trading activity from the moment of approval of the application for participation in the program (clause 2.2) until the submission of the bonus accrual request (clause 2.3).
2.2. To participate in the program, the client must submit an application to the Finance Department of the company. To do so, it is necessary to open the Margin Call Bonus window in the Your Trading Accounts section of the client's Trader’s Cabinet and click the "Participate" button. After the application is approved by the company manager, the status "active" is displayed in the Bonus Status window.
2.3. For the bonus to be credited, the client should submit an application by navigating to the Your Trading Accounts section in their Trader’s Cabinet, opening the Margin Call Bonus window, and clicking the "Accrue Bonus" button.
2.3.1. The client should submit this application no later than 24 business hours from the moment a Margin Call occurs on their trading account.
2.3.2. The bonus is credited to the client's account within 1 (one) business hour from the receipt of the request. Subsequently, the "accrued" status is activated in the Bonus Status window.
2.3.3. Any request must be submitted no later than 1 (one) hour before the end of trading according to NordFX server time.
2.3.4. Requests are not processed during non-business hours, including weekends and holidays.
2.4. The bonus amount is calculated based on the trading volume (in lots) of transactions executed on the specific account during the period specified in clause 2.1.
2.4.1. The bonus amount is calculated taking into account only fully completed/traded transactions. Open trading orders are not considered in the calculation.
2.4.2. The bonus amount is calculated based only on the whole number of traded lots.
2.4.3. The bonus amount is calculated according to the following scale:
Completed trading volume on the account | Bonus amount (per 1 lot) |
---|---|
from 2 to 5 lots | $5 |
over 5 to 10 lots | $7 |
over 10 to 50 lots | $10 |
over 50 to 100 lots | $12 |
over 100 lots | $15 |
Example 1: The client's trading volume at the time of submitting the request was 6.35 lots. Therefore, they will receive a bonus of 6.0 × $7 = $42.
Example 2: The client's trading volume at the time of submitting the request was 105.5 lots. Therefore, they will receive a bonus of 105.0 × $15 = $1575.
2.5. Only one bonus can be credited per account.
2.6. If a Stop Out occurs on the account during the period from the Margin Call occurrence to the bonus accrual, the bonus will not be credited to that account.
2.7. The bonus is intended solely for maintaining open trading positions and continuing trading on the specific account. It cannot be withdrawn from the account or transferred to another client account. Profits gained by the client from trading, whether using their own funds or bonus funds, can be withdrawn at any time without restrictions.
2.8. The bonus calculation considers the trading volume executed on Forex currency pairs, gold, silver, and oil.
2.9. When calculating the trading volume, trades with a duration of at least 5 (five) minutes and a price fluctuation of at least 10 points are taken into account.
2.10. The maximum bonus amount provided to a client for one account is $5,000 (five thousand US dollars).
2.11. The bonus is annulled after the closure of all Stop Out-related trades.
2.12. When the client submits a withdrawal request, the bonus is debited as the first step. The remaining funds after the deduction can be withdrawn without any restrictions.
2.13. The issuance of two or more bonuses for one client account is prohibited.
2.13.1. If any bonus/es were previously credited to the account, the account cannot participate in the program.
2.13.2. If the account is already a participant in the program, no other bonuses can be credited to it.
3.1. If the company suspects that the client is abusing or attempting to abuse the rules of the Margin Call Bonus program, the company reserves the right, at its discretion, to refuse, suspend, or remove the bonus, and if necessary, to block the client's account.
3.2. The program is in effect on an ongoing basis, starting from February 20, 2024, until the company decides to close it.
3.3. The company reserves the right to modify the rules of this program or terminate its operation without prior notice to clients and without providing reasons.
3.4. The term "company" and the brokerage company NordFX refer to NFX Capital VU Ltd (registered No: 2023-00470. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia), operating under the NordFX brand.
3.5. The client's participation in the Margin Call Bonus program confirms their full and unconditional agreement with these Rules.
1 Point in Quotes | |||
---|---|---|---|
AUDCAD | 0,0001 | GBPCAD | 0,0001 |
AUDCHF | 0,0001 | GBPCHF | 0,0001 |
AUDJPY | 0,01 | GBPJPY | 0,01 |
AUDNZD | 0,0001 | GBPNZD | 0,0001 |
AUDUSD | 0,0001 | GBPUSD | 0,0001 |
CADCHF | 0,0001 | NZDCAD | 0,0001 |
CADJPY | 0,0001 | NZDJPY | 0,0001 |
CHFJPY | 0,01 | NZDUSD | 0,0001 |
EURAUD | 0,0001 | USDCAD | 0,0001 |
EURCAD | 0,0001 | USDCHF | 0,0001 |
EURCHF | 0,0001 | USDJPY | 0,01 |
EURGBP | 0,0001 | USDSGD | 0,0001 |
EURJPY | 0,01 | XAGUSD | 0,01 |
EURNZD | 0,0001 | XAUUSD | 0,1 |
EURUSD | 0,0001 | UKOIL.c | 0,01 |
GBPAUD | 0,0001 | WTI_OIL | 0,01 |