How to participate

  • “20% Deposit Bonus 2024” is now open to new and existing clients of redearth Capital Limited. Clients who participate in this Promotion must complete the Account Opening Process from the redearth Client portal and successfully open a new MT4 trading
  • This Promotion is only for Clients who deposit from January 1 to May 31, 2024 (hereinafter referred to as the “Promotion Period”). Clients must also maintain a trading account with a minimum deposit of US$5000 to enjoy this Promotion.
  • Customers participating in the event must complete the following conditions:
      1. To be eligible for this promotion, the client must fulfill the following conditions: The crediting of the bonus will only begin from a minimum deposit of USD 5000 for those accounts that are eligible for participation in this Promotion. Clients can apply for a 20% credit bonus once the deposit was made. (Deposit of USD 5000 or above before Promotion Period cannot be used to take part in this promotion)

      2. During the Promotion Period, the Client must send an email to info@redgroupfx.com,with the details of the Client’s name, MT4 trading account number, redearth Back Office ID and the corresponding credit bonus before the start of trading. Clients who send an email to claim the credit bonus after trading has begun will not be eligible.

      3. Internal transfers from existing MT4 accounts will not be used for deposit accumulation towards your credit bonus calculation.
  • For example, if Clients deposited $10,000 and completed 1,000 standard lots of transactions during the promotional period with the calculation ($2,000/2=800 standard lots), the Clients are eligible to apply for the credit bonus of $2,000 to be converted to the cash balance.

Client can request to convert existing credit bonus into cash balance within 184 days from the day the first minimum deposit of USD 5000 is made.

  • If the number of the standard lots is completed in advance within the promotional period, the customer can choose submit a request for cash conversion within the Promotion Period; Once conversion is completed, any remaining credit bonus will be forfeited. In this case, any forfeited credit bonus will still be considered as part of bonus cap, USD 10,000.

After the cash conversion, Client can choose to continue with the promotion by making a deposit to redeem the remaining credit bonus cap.

For example:

Amount of Deposit (USD) Trading Volume * (Bonus/2) 20% Bonus (USD)
USD 5,000 500 Lots USD1,000
USD 10,000 800 Lots USD2,000
USD 50,000 3000 Lots USD10,000
USD 100,000 5000 Lots USD20,000
USD 500,000 15000 Lots USD100,000

*Standard Lots: R/T traded

  • Only one trading account either STP or ECN account type per Client is allowed to participate in this promotion. Each trading account is allowed to redeem credit bonus of a maximum of USD 10,000.
  • The trading products eligible for credit bonus cash balance conversion are Foreign Exchange (FX), Spot Gold (XAUUSD) or Spot Crude Oil (WTI & Brent). The trading on other instruments will not be considered towards cash balance conversion.

  • Transactions that are not eligible for cash conversion application::Hedge arbitrage trading, Trades that are not accepted by Liquidity Providers, Trade is opened less than 2 minutes

 

Bonus Redemption:

  • To convert credit bonus to cash balance, the Client has to complete the corresponding trading volume, and the Terms and Conditions set out herein. The Client must send an email containing the Client’s name, MT4 trading account number, redearth Back Office ID, and indicate cash balance amount to be converted from credit bonus to info@redgroupfx.com
  • The credit bonus will be credited to the Client’s MT4 trading account balance when all the Terms and conditions set out herein have been met in full. The bonus amount may be used for trading purposes or, alternatively, may be withdrawn.
  • For those Clients who have not applied for the credit bonus but fulfilled the trading volume requirement during the Promotion Period, Clients can redeem cash balance latest by 30th September 2024. In this case, no credit bonus will be given.

 

* Redearth Capital Limited has the right to explain the final interpretation of this event*