Various bonus offers and loyalty programs are some of the strongest stimuli for new clients. They are designed to boost their trading performance while giving them some kind of a safety cushion in case the start is not as pleasant as expected. This holds especially true for rookies who make their first steps in the trading environment, which can seem dangerous at times. With that said, bonuses help rookies to feel more comfortable in trading while intermediate and more advanced traders may use the bonuses as an extra feature allowing them to make extra profits, which is always a positive aspect.
At the same time it is good to know that even some Forex heavyweights lie Dukascopy (a Swiss bank and a Forex broker) going the army of those Forex company offering bonuses. This is a major player in the global trading industry with offices in some of the world’s major financial centers.
The thing is that this year Dukascopy is celebrating its 10th anniversary. As a part of this celebration, the company decided to show its generosity and gratefulness to all of its new and existing clients. Within the scope of this bonus offer by Dukascopy, you can get a bonus on every deposit you make.
Dukascopy Offers Anniversary Bonus
This is what the official site reads:
https://www.dukascopy.com/swiss/english/forex/ecn-account-programs/anniversary-program/
Celebrating its 10-year anniversary Dukascopy offers its clients an exceptional opportunity to get 100% Bonus of the account equity. 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 Anniversary Bonus below.
How to get a Bonus
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
Bonus amount is 100% 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 100% 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 10'000 USD.
Bonus requirements
The required traded volume is equal to 50'000 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.
Bonus limitations
Before the required traded volume is reached the Bonus cannot be used to cover losses resulting from trading. As soon as a Bonus is obtained the minimum stop loss level of the account will be set on the level equal to the total amount of all obtained Bonuses. 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.
Bonus cancellation
Before the required traded volume is reached the Bonus will be automatically cancelled in one of the following circumstances:
- any outgoing transfer will cancel the Bonus;
- the required traded volume is not reached within the 1 year deadline;
- the client terminates the Anniversary Bonus in his/her reports.
Bonus cancellation will cause an automatic withdrawal of the Bonus amount from the trading account.
The withdrawal may result in higher use of leverage or may even trigger margin cut trades.
The Stop Loss Level set by the system at Bonus application moment will be cancelled.
Other conditions
In case a client was credited a contest prize with turnover conditions, he/she cannot apply to the Anniversary 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 Anniversary Bonus Terms and Conditions, refuse or cancel Bonuses at its own discretion.
In general, the Bonus should be considered as discount on trading commissions.
