Dukascopy Bank SA offers an opportunity to get a 10% Bonus of the account equity for self trading accounts. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on traded volume which shall be reached within 1 year after the Bonus is credited on the client account. Any withdrawal from the account before the required traded volume is reached will cancel the Bonus. Please read the Terms and Conditions of the Equity Bonus below.
Clients can apply for a Bonus during 30 days since they made a credit on their account. The incoming transfer (Deposit) should be the last operation on the account, i.e. there should be no outgoing transfers (Withdrawals) after the Deposit.
Application for a Bonus can be done from the trading platform, Portfolio menu – My Account report.
Bonus amount will be added to the account equity right after application and will become available for trading as additional margin.
Bonus amount is 10% of the client’s current equity of the account at the moment when the client applies for a Bonus.
The amount of the initial Bonus can be increased later if there is a new incoming transfer (Deposit).
The amount of the additional Bonus can be up to 10% of all new incoming transfers during the last 30 days. The precise amount of the additional Bonus is calculated by the formula.
Before applying for a Bonus its exact amount will be displayed in the application form.
The total amount of currently active Bonuses on one trading account cannot exceed the equivalent of 50'000 USD.
The required traded volume is equal to 30'000 multiplied by the total account equity (including the Bonus amount) at the time the Bonus application is submitted. The required traded volume should be reached before the deadline – 1 year since receiving of the Bonus.
In case the client has applied for an additional Bonus the required traded volume will be adjusted. The additional required traded volume is calculated by the formula.
Before applying for a Bonus, the required traded volume will be displayed in the application form.
Before the required traded volume is reached the Bonus cannot be used to cover losses resulting from trading. After a Bonus is received the minimum stop loss level of the account will be set to the level of the sum of all obtained active Equity Bonuses plus the minimum equity amount which is specified on the Margin Requirements page. If the client has already set a stop loss level it will be only adjusted if its level is lower than the amount all obtained Bonuses.
Bonus cannot be withdrawn till Bonus requirements are met.
Bonus becomes free of limitations as soon as the required traded volume is reached.
Before the required traded volume is reached the Bonus will be automatically cancelled in one of the following circumstances::
The Stop Loss Level which was set by the system at the time of Bonus application will be cancelled.
However the Stop Loss Level set by the client will remain active or become active at the moment of the bonus expiration/cancellation.
If the client set a lower Stop Loss Level than what was set by the system, it remains pending till expiration/cancellation of the Bonus program.
If the client set a higher Stop Loss Level than what was set by the system, it remains active both during the period when the bonus is active and at the moment when the bonus program expires/is cancelled.
Clients are invited to consider the fact that bonus cancellation causes automatic withdrawal of the Bonus amount from the trading account and may result in higher use of leverage or may even trigger the Stop Loss Level or margin cut trades. Therefore any necessary adjustments to the exposure / Stop Loss Level should be done prior to expiration/cancellation of their Bonus program.
In case a client was credited a contest prize with turnover conditions, he/she cannot apply to the Equity Bonus until the turnover conditions relating to his/her prize are reached.
Self trading accounts which are in relations with Business Introducer Program or Swiss Custodian Banking Services may be refused to apply for a Bonus.
Dukascopy reserves the right to change Equity Bonus Terms and Conditions, refuse or cancel Bonuses at its own discretion.
In general, the Bonus should be considered as discount on trading commissions.