Terms & Conditions
Section 1:
Welcome Bonus Terms and Conditions
- Eligibility: The welcome bonus is available to all new registered clients of Finsai. Existing clients or clients who have previously closed an account and are opening a new one is not eligible for this bonus.
- Bonus Amount: Eligible clients will receive a one-time welcome bonus of $50 credited to their trading account.
- Usage of Bonus:
– The welcome bonus can only be used for trading purposes on Finsai.
– The bonus amount cannot be withdrawn, transferred to another account, or exchanged for other offers.
– Any trades or orders that are opened using the bonus amount are deemed to be “bonus trades”. - Profits from Bonus:
– Profits earned from trading with the bonus amount can be withdrawn without any restrictions. - Losses and Margin Calls: In the event of losses, the bonus amount will act as a buffer. If the account balance drops to the bonus amount or below, a margin call may be triggered. The bonus cannot be used to save a trade from a margin call beyond the bonus amount.
- Bonus Expiry: The welcome bonus will expire 60 days after it has been credited to the client’s account. Post expiration, the bonus amount will be removed from the account, but any profits earned from it will remain.
- Account Verification: Clients are required to verify their account by providing the necessary identification documents before they can withdraw profits earned from the bonus.
- Abuse and Fraud: Any indication or suspicion of fraud, manipulation, cash-back arbitrage, or other forms of deceitful or fraudulent activity related to the welcome bonus will result in the immediate termination of the bonus and may also lead to account termination.
- Amendments: Finsai reserves the right to update or modify these terms and conditions without prior notice. It’s the responsibility of the client to regularly check for any updates.
- Acceptance of Terms: By accepting the welcome bonus, clients also accept the terms and conditions associated with it. It’s recommended for clients to read and understand these terms thoroughly before opting for the bonus.
Section 2:
Trading Competition
- Eligibility:
– The competition is open to all verified clients of Finsai.
– Participants must have made a minimum deposit of $500 and achieved a trading volume of at least $100,000 (equivalent to 1 Lot) since the time of their account verification to be eligible for the competition. - Competition Duration:
– The competition will run on a weekly basis.
– Winners for each week will be declared on Wednesday of the following week. - Ranking and Prizes:
– Prizes will be awarded to the top 3 rank holders (Rank 1, Rank 2, and Rank 3) based on their trading performance during the competition week.
– Prizes can be in the form of trading bonuses, direct cash transfers, gift vouchers, or other promotional items as determined by Finsai.
– Specific details about the prizes for each rank will be announced before the start of each competition week. - Usage of Bonus Prize:
– If the prize is awarded in the form of a trading bonus, this bonus amount can only be used for trading purposes on Finsai.
– The bonus amount cannot be withdrawn, transferred to another account, or exchanged for other offers. - Determination of Winners:
Winners will be determined based on the highest profit generated during the competition week.
In the event of a tie, where multiple traders achieve the same profit, the winner will be decided by the number of profitable trades executed. A trader with more consistent profitable trades will be ranked higher.- For example: If Trader A and Trader B both generate a profit of $100, but Trader A achieves this with 2 profitable trades of $50 each, while Trader B takes 3 trades with 2 profitable trades of $60 each and a loss of $20 in one trade, Trader A will be considered the winner due to consistent profitability.
- Account Verification:
– Only verified clients are eligible for the competition. Clients are required to verify their accounts by providing the necessary identification documents before participating.
– Profits or prizes earned from the competition can only be withdrawn or redeemed by verified clients. - Abuse and Fraud:
– Any indication or suspicion of fraud, manipulation, or other forms of deceitful or fraudulent activity related to the competition will result in immediate disqualification from the competition and may also lead to account termination. - Amendments:
– Finsai reserves the right to update or modify these terms and conditions without prior notice. It is the responsibility of the participants to regularly check for any updates. - Acceptance of Terms:
– By participating in the competition, clients also accept the terms and conditions associated with it. Clients are advised to read and understand these terms thoroughly before participating.
