1. GENERAL PROVISIONS
1.1. The 100% Deposit Bonus Program (hereinafter referred to as the Program) is a limited-time promotional campaign organized and offered exclusively by Bithoven.com (hereinafter referred to as the Organizer), which is operated by Fortis Ltd, Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines, registration number 25256 BC 2019. The Program offers free bonus funds for leveraged Forex and CFD trading on the XOH platform to qualifying Bithoven.com platform users (hereinafter referred to as the Clients) under the following Program’s Terms and Conditions.
1.3. The Client acknowledges that Forex and CFDs are leveraged products which involve a high level of risk. When trading in such products, it is possible for Clients to lose all of their invested capital. These products may not be suitable for everyone and Clients should ensure that they understand the risks involved. Clients should seek independent advice if necessary.
1.4. The Organizer reserves the right to amend, alter or terminate this Bonus promotion at its sole discretion, and at any time without any prior notice. If the Organizer suspects that the Client has abused, violated or attempted to abuse the promotion, or otherwise acted with a lack of good faith towards the Organizer, then the Organizer reserves the right, at its sole discretion, to deny, withhold or withdraw from that Client the 100% Deposit Bonus or terminate that Client's access to the Bithoven.com website and/or block that Client’s user account. The Organizer will not be liable for any Stop Outs or any other consequences that result out of a Bonus cancellation and/or removal.
1.5. The Organizer reserves the right to oblige any Client to complete user account verification according to the Organizer’s AML/KYC Policy.
1.6. Any dispute or situation not covered by these Terms will be solely resolved by the Organizer and the Organizer’s decision is final.
2. ELIGIBILITY CRITERIA
2.1. By participating in the Program, the Client expressly represents and warrants that:
- You have full legal capacity to enter into legally binding relations under these Terms.
- Our services are intended solely for persons who are aged 18 (eighteen) or older. Any access to or use of the website by anyone under 18 is expressly prohibited. We assume no responsibility or liability for any misrepresentation of your age.
- The Bithoven.com services are not available to persons residing in the United States of America, as well as residents from the countries on the sanctions risk list, or persons under sanctions.
- You must maintain your account on Switchere.com in good standing.
3. 100% DEPOSIT BONUS PROGRAM SPECIFICATIONS
3.1. The promotion 100% Deposit Bonus is available to new and existing Clients.
3.2. The promotional period for receiving the Bonus offer shall run from 01.01.2023 to 31.01.2023.
3.3. The 100% Deposit Bonus only applies on new deposits made by the Bithoven.com’s Clients from 01.01.2023 to 31.01.2023.
3.4. The Bonus crediting applies to the Client’s XOH live trading accounts only. The Bonus is not credited to demo accounts.
3.5. There are no limits on the number of deposits that the Client can make on Bithoven.com to receive Bonus.
3.6. The Bonus provides additional free margin and increases the amount of funds available for trading (i.e. for opening new positions and maintaining margin requirements for such positions). The Bonus is not a part of the trading account balance and is displayed in the "Credit" field in the XOH platform. Since the Bonus is deposited to the account as a margin credit, it cannot be used to cover trading losses.
3.7. This bonus cannot be used in combination with any other bonuses.
3.8. Bonuses granted by the Organizer cannot be transferred between or from eligible Clients’ trading accounts.
3.9. The Bonus is non-withdrawable nor transferrable. Credit amounts reflected on the Client’s trading account cannot be withdrawn. Profits made will be reflected in your account value. Similarly, any losses made will be deducted from your account value. Any profits generated from the utilization of the Bonus are available for withdrawal as per our withdrawal procedure.
3.10. The maximum Bonus amount is 10,000 USD per one trading account.
3.11. The Bonus is credited on the difference between deposits and withdrawals of all Client’s accounts.
3.12. If the Client opts to withdraw partial/full deposit and/or profit, a partial credit/all of the Credit will be removed from the Client’s account accordingly in the proportion 1:1.
3.13. When the Client’s account Equity is equal or less than the Credit amount on the account, the Credit amount will be automatically withdrawn and all open positions are closed. In these circumstances, the Company shall not be liable for any losses due to the bonus cancelation.
To demonstrate the calculations, here is a simple illustrative example:
- The Client has deposited 10,000 USD.
- The Client has received the Bonus in the amount 10,000 USD.
- The Balance of the Client’s trading account is 10,000 USD.
- The Equity of the Client’s trading account available for trading is 20,000 USD.
- If the Equity will fall to or under 10,000 USD, the Bonus will be removed automatically and all opened position will be closed.
3.14. Since the Bonus is credited to the Credit field of the trading account, the Margin Call/Stop Out values do not correspond to the values of the trading account specification.
4. WITHDRAWAL OF TRADING PROFITS MADE FROM TRADING BONUS FUNDS
4.1. When the Client makes a withdrawal from their account, they will be subject to a proportionate removal of the Bonus amount awarded. The formula used by the system regarding Bonus removals following a withdrawal request is: Withdrawal Amount x 1 (100%). For instance, if the Client’s deposit equals 100 USD and the Bonus totals 100 USD and the Client withdraws 50 USD from the trading account, then the Bonus in the amount 50 USD will be written off.
4.2. In case of making a profit when trading the Bonus funds, the Client can withdraw the entire deposit amount and profit, but the bonus will be written off entirely.
5. PROHIBITED ACTIVITIES
5.1. Bonuses granted by the Organizer cannot be transferred between or from eligible Clients’ trading accounts on Bithoven.com.
5.2. Bonuses from other promotional campaigns run by the Organizer cannot be added altogether and the Client is not allowed to switch between bonus programs run by Bithoven.com or transfer bonus funds between trading accounts.
5.3. Internal transfers, balance adjustments, Introducer/Affiliate rebates or commissions of any kind will not be considered new deposits and therefore will not be counted towards this offer.
6. TERMINATION OF THE BONUS
6.1. If the Organizer suspects or has reason to believe that the Client has abused and/or manipulated the Terms and Conditions of this Bonus Program by hedging their positions internally (using other trading accounts held with Bithoven.com) or externally (using other trading accounts held with other brokers) and/or has not acted in good faith, the Organizer reserves the right, at its absolute discretion and without obtaining the Client’s consent, to remove the awarded Bonus from the Client’s trading account(s).
6.2. The Client further acknowledges that where the Organizer has any indication or suspicion of any form of arbitrage, abuse, fraud, manipulation, cash-back arbitrage connected to a trading account or any other forms of deceitful or fraudulent activity, then the Organizer reserves the right at its sole discretion to:
- Close/ suspend all trading accounts and/or positions and/or pending orders the Client has with Bithoven.com either temporarily or permanently;
- Void all previously credited trading bonuses from the Client’s trading accounts with Bithoven.com.
7.1. These Terms and Conditions are made in the English language. Any other language translation is provided as a convenience only. In the case of any inconsistency or discrepancy between original English texts and their translations, then the original version of English shall prevail.
You confirm that you have read, acknowledge and agree to all the Terms and Conditions of the Program.