1. Conditions and Overview
1.1 This campaign is open to new and existing customers at the discretion of VSTAR
1.2 Client participation threshold: a Live Account must be opened. By opening a new account with VSTAR, clients accept that they have read and agree to be bound by these terms.
1.3 Each qualified customer will receive up to $11,000 in accumulated credit bonuses at any time during the Campaign period.
1.4 This Program is effective May 1, 2023, and may be ended and canceled by VSTAR at its sole discretion and at any time without further notice.
1.5 The eligible accounts for participation in the Campaign are determined by VSTAR and VSTAR reserves the right to disqualify any customer from participating in any Credit Bonus offer.
1.6 The Company reserves the right to amend and update the terms and conditions of the Campaign, and the latest terms and conditions shall apply during the Campaign period.
1.7 This campaign is not associated with Apple Inc.
2. Credit Bonus Policy
2.1 How to obtain
2.1.1 Any referral rewards for inviting friends, or affiliate commissions, of any kind will not be considered new deposits and therefore will not be counted towards this Promotion.
2.1.2 The bonus percentage is based on the actual amount credited
2.1.3 After each successful deposit, the corresponding level of bonus will be automatically credited to the account immediately and can be used as a trading margin.
2.2 Instruction on bonus
2.2.1 Each deposit made under the above conditions will be credited accordingly without withdrawing during the campaign period
2.2.2 The bonus will be awarded in the following proportions
A. Deposit within 24H after registration:
A. Deposit after 24H after registration:
Deposit $400.00 within 24h, the amount of the bonus is: 400*30% + 400*5% = $160.00
After 24h deposit $300.00 again, the amount of the bonus is: 700*35% - 400*30% = $125.00
2.2.3 If the currency of the account is different from USD, the amount in the ""Credit"" to ""Balance"" field in the platform will be converted automatically according to the exchange rate displayed in the trading platform.
2.3 Withdrawal Instructions
2.3.1 Credits can be withdrawn when the required trading volume is reached. The required transaction amount is calculated according to the following formula: Required Amount = Deposit Amount * 10,000]
Total Trading Volume
Credits to balance
Total credit bonuses
2.3.2 Only trades that are opened and closed after the account has been active will be considered.
2.3.3 If a position is not closed during the promotion period, the amount of the position will not be calculated.
2.4 Rules of Use
2.4.1 Bonus can be used as margin for trading and increases the amount of funds available for trading (i.e. margin requirements for opening new positions and maintaining such positions). Credits are not part of the trading account balance which are presented as ""credits"". Since the Credit Bonus is added to the account as an additional margin, it cannot be used to cover trading losses.
2.4.2 Example of how to calculate a Stop Loss using a credit bonus
Using the trading account bonus, a stop loss is triggered when the trader's total account equity (own balance + current floating profit/loss + swaps + bonus amount - commission) falls below the amount of the bonus received.
Below are a few examples to show how a stop loss can be triggered when with or without a credit bonus on the account.
Stop Loss without credit bonus in the account:
When a trader has $1,000 of his own funds in his trading account and uses $800 as margin, a stop loss will be triggered when the trader's current account equity falls below 30% of the used margin. That is, in this case, when the equity falls to $240 or less.
Stop Out for Accounts with bonus:
Please assume that the trader in this example has $500 of his own funds and $500 in credit bonus ($1,000 in total). If the trader uses $800 as margin, a Stop Out will be triggered when the total net amount of the account (Equity + Current Float + Swaps + Incentive Amount - Commissions) falls below $500 (i.e. the amount of credit bonus received).
Please note that the margin level in this example will be higher than 30%.
2.4.3 No responsibility will be taken for any losses incurred as a result of trading with the Credit Incentive.
2.4.4 Any withdrawal request during the campaign period will be considered as a exit from the campaign and no credit bonus even further deposits will be made, including partial/full withdrawal of balance and/or profit.
2.5 Abuse of the Campaign will result in disqualification and further legal action is reserved.
(a) withhold, cancel, and/or deduct the Incentive Money from the Customer's account;
(b) Terminate the Customer's agreement with the Company;
(c) freeze the Client's account.
2.5.2 Abusive conduct, including but not limited to:
(a) when the Client opens a trading position, either by himself or with others, with the purpose or effect of withdrawing bonuses and/or profits generated by a promotion without economic risk, including but not limited to the loss of the promotion or your capital (or the capital of others);
(b) The Client, on his own or with others, hedges his positions, including, but not limited to, holding open positions in one direction, including by way of illustration only, in a single or related currency, for a specific period, internally (using other accounts held with the Company) or externally (using other trading accounts held with other brokers).