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50% + 20% Deposit Bonus Terms and Conditions
1. Introduction
These Terms and Conditions ("Terms") govern the 50% + 20% Deposit Bonus Promotion ("Promotion") offered by Vantage Global Limited ("Vantage" or "the Company"), a company registered with the Vanuatu Financial Services Commission (VFSC) under Registration No. 700271. By participating in this Promotion, you acknowledge and agree to comply with these Terms.
2. Promotion Period
The Promotion is available from 1 January 2023 and will be active until further notice ("Promotion Period").
3. Eligibility
The Promotion is open to clients who meet the following criteria:
- Must have a STP, ECN, Cent, Perpetual or Copy Trading account with Vantage. Accounts with leverage ratios of 2000:1 are not eligible.
- Must be a resident of Eligible Countries/Regions.
4. Participation Requirements
To participate, clients must opt-in to the Promotion via Client Portal or APP.
5. Bonus or Reward Structure
Eligible clients will receive credit bonus based on the allocation below:
- 50% of first deposit, up to $500 credit (base currency)
- 20% of subsequent deposits
The total credit amount is capped at a maximum of USD$20,000 per eligible client at any time during this Promotion.
Here are some examples of how much credit bonus the client will receive based on the first-time deposit (FTD) amount:
| First Deposit | Entitlement |
|---|---|
| $500 | $500 x 50% = $250 |
| $1,000 | $1,000 x 50% = $500 |
| $5,000 | ($1,000 x 50%) + ($4,000 x 20%) = $1,300 |
6. Deposit and Withdrawal Conditions
- Minimum deposit amount eligible for credit bonus is USD$50.
- Internal transfers, balance adjustments, cash adjustments, Introducer/Affiliate rebates, or any form of commissions will not be considered as eligible deposits for the purpose of this Promotion.
- The credit bonus is non-withdrawable. However, any profits generated from trading using the bonus are eligible for withdrawal, in accordance with the standard withdrawal process. Please note that any losses incurred will be deducted from your account balance, not the bonus credit.
- If clients choose to withdraw a portion or the entirety of their deposit and/or profits, a corresponding portion of their trading credit, or the entire credit amount, will be deducted from their account accordingly.
| Credits | Profit Generated from Credits | Balance Before Withdrawal | Amount Requested for Withdrawal | Amount of Credit Removed |
|---|---|---|---|---|
| $500 | +$300 | $1,000 | $100 | - |
| $500 | +$300 | $1,000 | $600 (30%) | $150 (30% on $500) |
| $500 | -$200 | $1,000 | $300 (37.5%) | $312.5 (37.5% on $500) |
7. Disqualification
Vantage reserves the right to disqualify any participant who:
- Violates any of the Terms;
- Engages in abusive trading practices, such as churning; or
- Provides false information or engages in fraudulent activities.
8. Modification and Termination
Vantage reserves the right to amend, suspend, or terminate this Promotion or any of the Terms at its discretion including removing or deducting any credit bonus from a participant account and voiding any profits generated with the use of trading credit. This may occur due to violations of the Terms, suspicious or abusive trading practices or misuse of the credit bonus. Update or changes will be communicated via email and posted on the website.
9. Local Laws and Jurisdiction
This Promotion is subject to the laws and regulations of Vanuatu. By participating, you agree that any disputes arising from these Terms will be governed by and resolved under the jurisdiction of the courts of Vanuatu.
10. Data Protection and Privacy
By participating, you consent to the collection and processing of your personal data in accordance with our Privacy Policy, which is available on our website.
11. Liability
Vantage is not liable for any losses, damages, or claims arising from participation in the Promotion. Vantage's liability is limited to the fullest extent permitted by law and will not exceed the total amount of funds deposited by the client.
12. Contact Information
For any inquiries related to this Promotion, please contact the Vantage Customer Support team at [email protected].
DEFINITIONS
1. Eligible Client refers to clients who meet the eligibility criteria to participate in the Promotion, as specified in these Terms.
2. Eligible Countries/Regions refers to the countries or regions where the Promotion is accessible to clients through their Client Portal, subject to local laws and regulations.
3. Credit Bonus refers to the bonus funds credited to an Eligible Client's trading account, which cannot be withdrawn but can be used for trading.
4. Deposit Bonus refers to the bonus amount credited to the Eligible Client’s trading account as part of the Promotion, based on qualifying deposits.
5. First Time Deposit refers to the initial deposit made by a client, assessed at the user level (not account level), and is considered the client’s first-ever deposit with Vantage.
6. Subsequent Deposit refers to any deposit made by the Eligible Client after their initial deposit, or the portion that exceeds $1,000 (base currency) from the first deposit during the Promotion Period.
7. Trading Account refers to the account held by the Eligible Client with Vantage for the purpose of trading financial products.
8. Leverage Ratio refers to the ratio applied to an Eligible Client's trading account that affects the amount of margin required for trading.
9. Account Balance reflects your actual deposited funds and realised PnL from trading activities. Profits or losses are directly applied to this balance, while the bonus credit remains unaffected and serves solely as an additional margin for trading purposes.
Formula: Account Balance = Account Equity - Credit Bonus - Floating PnL.
10. Churning refers to the practice of opening and closing Margin FX or CFD transactions solely to benefit from promotional offers, rather than executing trades based on sound investment strategies.
11. Suspicious Trading Activity refers to any conduct that Vantage, based on reasonable assessment, determines compromises the integrity of its services or markets, including holding opposing positions, exploiting low liquidity or price gaps, or engaging in abusive practices. For details, see the Client Agreement on the website.
GENERAL TERMS AND CONDITIONS
- The Promotion applies only to valid STP and ECN accounts. Cent accounts, USDT, BTC, and ETH currency accounts are not eligible unless specifically stated.
- Clients referred by a PAMM/MAM or money manager are ineligible to participate in any Vantage offers unless otherwise specified.
- Clients are prohibited from using trading credits for hedging positions. Vantage may revoke any trading credit or profits generated through hedging if violations are detected.
- New accounts are subject to Vantage's standard approval processes. Clients are responsible for understanding their local laws and regulations prior to application.
- Clients should ensure that their trading activities align with their individual risk preferences, as this Promotion is not intended to alter the client's risk appetite or trading strategy.
- Clients agree to indemnify and hold Vantage harmless from any claims arising from participation in offers, including violations of terms or applicable laws.
- In the event of any discrepancy between the English version of these Terms and any translated version, the English version shall prevail.