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Terms and conditions of the "Bring a friend" program

1. Promo code for participation: INVITE_800933955
2. This promo code doesn't apply to the accounts of the following countries' residents: Afghanistan, Bangladesh, Hong Kong SAR China, Indonesia, Malaysia, Philippines, South Korea, Thailand.
3. The promo code gives you a right of receiving a bonus of 100% of your deposit.
4. The promo code may be used when depositing more than $250 in your account.
5. The promo-bonus applies to the following types of account: MT4-CLASSIC, MT4-CLASSIC2, MT4-CLASSIC3, MT4-CENT, MT4-CENT2, MT4-ECN, MT4-ECN2, MT4-ECN-PRO, MT5-CLASSIC, MT5-CENT, MT5-ECN
6. A client may use this promo code only 1 times.
7. To activate the promo code, a client must enter it when depositing via Client’s profile. The bonus will be paid into the account right after the account has been topped up.
8. The promo code can be activated only within 7 days following the registration with LiteFinance.
9. Bonuses may be paid only into trading accounts of a client, whose profile (email, phone number, full name and address) has been fully verified.
10. The maximum bonus sum that may be paid in the framework of this offer is $10000
11. Bonus funds may not be deposited in the account whose leverage exceeds 1:1000.
12. The bonus will not be credited for transfers between client’s trading accounts.
13. Any profit made when investing bonus funds may be immediately withdrawn from the account.
    
    

    Bonus funds may be transferred to balance and withdrawn from the account. To do so, a client needs to conduct at least 10 trades with the total volume of at least 30% of the bonus amount. The calculation examples can be found in the table below:

    Deposit	Bonus amount (%)	Bonus amount ($)	30% lots of the bonus amount*
    1000	100%	$1000	300
    5000	100%	$5000	1500
    10000	100%	$10000	3000

14. Once the client has traded the required trading volume to transfer the bonus to balance, they need to send a request to or via LiveChat. The bonus must still be in the account when sending a request. If the bonus was deducted or lost before the client sent a request, the bonus cannot be added to their balance.
15. Only the trades conducted in the account after the bonus was received will be considered when adding the bonus to the balance. If the bonus was withdrawn before the required volume and number of trades was traded, it cannot be added to the balance.
16. The bonus is valid for 3 months from the date of bonus payment. Bonus funds deposited in your trading account may be used in trading or withdrawn from the account within this period. The bonus will be cancelled after the expiration of the above period.
17. When a client withdraws his own money from his account or makes a transfer to another account, the bonus amount is reduced in proportion to the account balance. LiteFinance has the right to take away bonus funds if the client withdraws his own funds or a part of them from his account.
18. LiteFinance has a right to reduce the bonus in proportion to the funds remaining in the account balance if the client loses part of his/her own funds as a result of trading.
19. Partner’s remuneration (commission) will not be paid for the transactions whose volume is made up of bonus funds.
20. Bonus funds may be used as an additional margin. Trading may not be conducted by means of credit funds only. The bonus will be canceled if the whole of client’s own funds is lost.

    Attention: If your account balance is negative after you close an order/some orders, you can contact our technical support team for correcting the account balance.

21. This bonus is not tradable. It means the bonus can be used as an additional margin to open more positions but cannot be used to recover a drawdown. It will be deducted if Stop Out occurs, the account balance turns negative, or no positions are opened in the account.

22. LiteFinance reserves the right to refuse bonus provision or cancel anytime and with no reason given a bonus deposited earlier as well as to cancel the results of any transactions conducted by use of bonus funds.
23. The company has the right to correct the results of a client’s trades on suspicion of "bonus hunting" activities or any other fraudulent actions involving bonus funds.
    
    

    A part of a trading result which was earned by use of bonus funds shall be cancelled. An insufficient trading activity in the account, such as execution of a single high-volume trade or several trades of lower volume conducted at the same rate and at nearly the same time, which represents a subdivision of a big trade into smaller ones, may serve as the reason for revising the results. As a rule, there is no sufficient trading history in such accounts. In case of detecting such trades, the Company may cancel the bonus at any time and without preliminary notice.
    
    Also, the company has a right to have the following expenses reimbursed:

    • expenses related to money transfers to the liquidity providers' accounts;
    • expenses related to paying affiliate commissions if they cannot be deducted from the partners' accounts;
    • payment systems' deposit and withdrawal fees;
    • negative balance correction.
24. The LiteFinance Company reserves the right to request Client’s further identity information. Should the Client refuse to provide this information or the documents to verify his identity and address of residence, LiteFinance reserves the right to cancel at any time bonus funds as well as cancel the results of any transactions conducted by use of bonus funds.
25. The clients participating in bonus promotions need to take notice of the paragraph 4.7 of the Clients Agreement, which reads as follows:
    The Company corrects fixed negative balances in trading accounts once a negative value is displayed in the "Balance" column on the trading platform. Correction (setting to zero) of trading accounts shall be applied solely to those accounts in which no trades are conducted at the moment of correction, i.e. no active open trading positions are present (pending orders will not be considered). Bonus funds are deducted from the "Credit" column with the comment "bonus_out (negative balance)". At the same time, funds in the amount equal to the negative balance value are put into the account with the comment "Zero Balance Correction".
26. Accounts containing bonus funds cannot participate in the copy-trading program. A bonus cannot be deposited in accounts that participate in the copy-trading program.
27. LiteFinance has the right to amend the conditions of this offer at any time and without special notification.
28. This promotion conditions will be considered as accepted by the client from the moment of activating a promo code.

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* When calculating the total volume of closed transactions, it must be noted that:

If a trading asset's one point cost differs from the EURUSD's one point cost, the volumes traded in such assets will be converted to EURUSD volumes. For example, one point cost per 1 lot in EURUSD is $1. One point cost per 1 lot in EURCHF is $1.0937. As a result, the EURCHF trading volume will be multiplied by 1.0937. It means 1 lot traded in EURCHF will be considered as 1.0937 lots. The following formula is applied when calculating the cryptocurrency real trade volume: volume × contract size / 100,000 × market price.

The volume is 100 times more for Cent accounts.

When adding the bonus funds to the account balance, only the trades conducted by use of the Client’s own funds will be considered (with deduction of credit funds).

When calculating the total volume of closed transactions, we do not consider:

deleted and cancelled pending orders;

trades contradicting item 6.11.2 of the "Client Agreement";

fully or partially hedged positions (only a hedged position will be considered; a hedging position will be ignored);

trades with a duration less than 120 seconds;

positions that have yielded less than 30 pips of profit/loss (the last two figures to the right of a decimal point in a quote);

trades conducted in the account before a receipt of bonus funds;

trades are taken into consideration for transferring another bonus to balance.