Bonuses

There are two types of bonus that may be applied to your account, the Balance Bonus and the Credit Bonus:
Balance Bonus – this is the standard bonus which may be received when you make a deposit to your account and is entirely at Fortrade Canada’s discretion.
Credit Bonus – this is an alternative bonus with additional terms and conditions (see subsequent section), it is also entirely at Fortrade Canada’s discretion.

Balance Bonus – Terms and Conditions:
1. Bonuses will be added to an account after the full document verification process is completed.
2. Bonuses cannot be withdrawn until the client reaches their target volume, which is set according to the bonus amount given.
The client has to fill a trading requirement of 0.1 lot* for every 1 CAD/USD/GBP/EUR bonus given in order to reach their target volume.
For example, if the bonus is 30 CAD, once the trading volume on FX markets arrives to the total amount of 300,000 base currency (multiply the bonus by 10,000) it is possible to withdraw the 30 CAD bonus.
Varying lots are allocated depending on the type of product traded. For example, 1 lot is allocated for:
100,000 base currency nominal trade placed on FX / 1,000 barrels of Crude Oil (CL) / 100 oz. of Gold (XAU)
3. The volume count is per closed trades only, for example:
If a client opens a 1 lot trade on EUR/USD, the volume will not be counted until the trade is CLOSED.
4. The volume count is done only when a client has an ACTIVE bonus in their account.
5. The volume count is ONLY for trades opened AFTER the bonus is given, and not prior.
6. Partial Payout is forbidden, only the full bonus amount will be paid once the client reached the full target volume
7. A balance bonus can be used for the purpose of leverage.
8. If multiple bonuses are allocated then these will be consolidated into a single bonus, for example, five 100 CAD bonuses will be consolidated as one 500 CAD bonus and cannot be divided afterward.
9. In the following countries’ bonuses are approved only if the deposit is made via wire transfer: Indonesia, Vietnam, China, Pakistan, Ukraine, Cote d’Ivoire, Bangladesh, Russia, and Egypt.
10. Bonuses are limited and are at the discretion of the company. Bonuses are subject to cancelation by company policy at any time.
11.

Balance Bonus only – the bonus will be canceled if PROFITS are withdrawn before the target volume is met.

Credit Bonus – Additional Terms and Conditions:
1. Credit Bonus cannot be lost nor withdrawn until the client reaches their target volume, which is set according to the bonus amount given.
2. In case a client has not reached their target volume, the credit bonus will be removed automatically when their EQUITY falls below the CREDIT BONUS amount. The client will get STOPPED OUT in that case, and their open positions will be closed accordingly.
3. Up until the client’s target volume, the cash credit bonus can only be used for margin.
For example, If a client has 100 CAD in the account and has CAD 100 Credit Bonus, the client can trade 200 CAD = 100 CAD Balance + 100 CAD Credit Bonus on margin.
4. The credit bonus can be reactivated if a client re-deposits at least 30% of its value, for example: If a client received a credit bonus of 1,000 CAD, and reached a trading volume of 50 lots before getting stopped out, when he re-deposits an amount of at least 300 CAD, they are entitled to reactivate the old credit bonus, and the volume count continues from where they left off.
5. A credit bonus can be used for the purpose of leverage.
6. The volume count is ONLY for trades opened AFTER the bonus is given, and not prior.

In case you get a new credit bonus which is higher than an old canceled bonus – the volume count will continue from where it left off. For example:
1. If a client received a credit bonus of 1,000 CAD, and reached a trading volume of 50 lots before getting stopped out, when he re-deposits an amount of at least 300 CAD , they are entitled to reactivate the old credit bonus, and the volume count continues from where they left off.
2. If you get a 1,000 CAD credit bonus and trade 5 lots, get stopped out/withdraw your money the bonus will be canceled. Then you re-deposit and get a higher bonus (2,000 CAD for example), the volume count will continue from 5 lot.

In case you get a new credit which is lower than an old canceled bonus – the volume count will be set to 0, For example:
1. If you get a 1,000 CAD credit bonus and trade 5 lots, get stopped out/withdraw your money the bonus will be canceled. Then you re-deposit and get a higher bonus (2,000 CAD for example), the volume count will continue from 5 lot.

In order to withdraw bonus funds, it is required to first reach a trading volume of 10,000 CAD/EUR/USD for each 1 CAD/EUR/USD bonus received.
Only then will all funds be available for withdrawal. Terms and conditions apply.
Please see the Bonus Terms and Conditions in this link:
Fortrade Canada Bonus Conditions.
For example, if you have a bonus of 30 CAD and your trading volume has reached a total amount of 300,000 CAD (i.e., a multiplication of the 30 CAD bonus by 10,000 CAD), it is then possible to withdraw the 30 CAD bonus.

It is possible to follow the trading volume accomplished at “Closed Trades” in the platform’s menu and export it to an excel file, then click on the “Amount” column and in the bottom, there is the total sum of trading volume.

For more information about our bonus trading conditions, please contact Fortrade Canada Customer Support at [email protected]

You can read by following this link:
Fortrade Canada Bonus Conditions.