Introduction to the 120% Cash Bonus Program
In the world of forex trading, every advantage counts, and Plexy Trade Ltd offers an exceptional opportunity with its 120% Cash Bonus Program. Designed for traders who want to maximize their trading potential, this bonus allows you to receive up to $24,000 when you deposit as little as $200. Whether you’re an experienced trader or just starting, this program is tailored to enhance your trading experience across all account types.
Eligibility Criteria
Before diving into the details of the 120% Cash Bonus Program, it’s essential to understand the eligibility criteria. To participate in this program, clients must first open a trading account with Plexy Trade Ltd. Additionally, participants must be at least 18 years old or of legal age in their country of residence. By enrolling in this program, clients agree to abide by the terms and conditions, acknowledging that they are legally bound by them.
How the 120% Cash Bonus Works
One of the unique aspects of the 120% Cash Bonus is how it’s structured to mitigate risk while maximizing potential gains. The bonus is not immediately added to the balance or equity of your trading account. Instead, it becomes accessible only after you meet the volume requirement, ensuring that traders engage in responsible and strategic trading.
The program allows the bonus to be applied to a maximum of three trading accounts per client, with the exclusion of PAMM accounts. However, it’s important to note that the bonus cannot be transferred between accounts.
Minimum and Maximum Bonus Amounts
The minimum deposit required to qualify for the bonus is $200 or its equivalent in EUR. Transfers below this threshold will not be eligible for the bonus. On the other hand, the maximum bonus amount that can be accumulated per trading account is $24,000 or its equivalent in EUR, depending on your account’s base currency.
Volume Requirements and Bonus Conversion
To convert the bonus into your account balance, you need to meet specific volume requirements. Each standard lot traded (equivalent to 100,000 units) will convert $6 or its equivalent into your bonus balance. The formula to calculate the required number of lots is straightforward:
Deposited Amount / 6 = Number of Eligible Lots Required
Only eligible trades are counted towards the bonus conversion. To qualify, trades must meet the following criteria:
- The trade is closed.
- The position was open for more than three minutes.
- The trade involves Forex or Metals instruments.
Once the volume requirement is fully met, you can email the Support Department to receive the bonus amount in your trading account. Afterward, the bonus can be withdrawn or used for trading.
Monitoring Your Progress
One of the convenient features of the 120% Cash Bonus Program is the ability to monitor your progress. The percentage conversion within the Bonus section of the Plexy Trade portal is updated every hour. However, be aware that transferring funds out of a bonus-enabled trading account can negatively affect your conversion progress.
No Time Limit for Volume Requirement
Unlike many other bonus programs, Plexy Trade Ltd does not impose a time limit on completing the volume requirement. This allows traders to work towards their bonus at their own pace, without the pressure of a deadline.
Important Considerations and Risk Management
While the 120% Cash Bonus Program offers significant benefits, it’s crucial to remember that trading in complex instruments and leveraged products like CFDs and Forex carries inherent risks. These products may not be suitable for all investors, and it’s essential to fully understand the risks involved. Clients should carefully consider their investment objectives and level of experience before participating in the program. If in doubt, seeking independent advice is highly recommended.
Amendments and Acknowledgments
Plexy Trade Ltd reserves the right to modify or amend the terms of the Bonus Program at its discretion, without prior notice. It is the client’s responsibility to stay informed about any changes or updates to the terms and conditions.
Furthermore, Plexy Trade Ltd takes a firm stance against any form of abuse, fraud, or manipulation connected to the Bonus Program. If the company suspects such activities, it reserves the right to take the following actions:
- Close or suspend all trading accounts associated with the client, either temporarily or permanently.
- Void any previously credited bonuses.
- Void all transactions, including pending orders, and any profits or losses earned.
Conclusion
The 120% Cash Bonus Program by Plexy Trade Ltd is a powerful tool for traders looking to enhance their trading capabilities. With the potential to earn up to $24,000 in bonus funds, coupled with flexible volume requirements and no time constraints, this program stands out as a valuable opportunity in the forex trading landscape. However, it’s crucial to approach this program with a clear understanding of the risks involved and a commitment to responsible trading practices. By doing so, you can make the most of what this bonus has to offer, propelling your trading journey to new heights.
