FIBO Group is starting temporary bonus accounts to allow you to double or even triple your deposit. In order to make it possible, you are required to take part in the bonus program named “Traders’ mission – POSSIBLE!”. It is now available for FIBO Group clients.The good news is, that even the existing clients can open a bonus account to participate in the program. If you are not a FIBO client, you can still open the same bonus account on the company’s official website.
The company’s experts say that the biggest advantage the bonus program can offer boils down to the opportunity for all of the customers to enjoy a 100% deposit bonus, which can be used as some kind of a safety cushion in trading. The actual bonus is going to depend on the turnover generated by you within the scope of the program. All in all, it may vary from 125%, to 150%, to175%, and all the way up to 200% of the deposit amount. With that being said, you can ultimately triple the deposited funds.
Your bonus account is going to be constantly credited with bonus funds as you trade. Please keep in mind that his is a temporary bonus, which will end in late April. With that being said, you are allowed to open a bonus account only until April 30th, 2016. Still, the company allows bonus account owners to get the bonus credited to the accounts even after the program is over. This is going to take place according to the terms and conditions of the mentioned offer.
Once again, whether you are an existing client or a new one, you are still eligible for participating in the bonus offer. The max bonus is 200%, which is going to be credited to the account in parts as you trade and generate more trading volume to clear the bonus.
Traders’ mission - POSSIBLE! Takes place from March, 16th through April, 30th inclusively. Still you should keep in mind that МТ4 Fixed accounts are the only type of trading accounts eligible for participating in the bonus offer. With that being said, you need to open an МТ4 Fixed account if you don’t have one. At the same time, you need to deposit the account to the amount of $300 or higher. The available leverage is up to 1:200.
Please also make sure that you have checked the “Bonus program” field and choose the “Traders’ mission - POSSIBLE!” bonus program from the list when opening an МТ4 Fixed account. After making a deposit equal to $300 or any equivalent in other currencies available out there, you are also required to activate the bonus account by clicking the "Activate bonus" button and wait for the confirmation that reads "Bonus has been activated successfully". If you need more detailed instruction, please go to the company’s official website.
Now let’s dive deeper into how the actual bonus is calculated and credited to your trading account. For starters, it is all about you turnover. The amount of closed positions and standard lots is take into account to calculate the bonus amount. To be more specific, once you make your initial deposit, the company gives you 100% as the first part of the bonus. Please keep in mind that the bonus amount is limited to $10 000 per trader.
On top of that, keep in mind that 1 standard lot = 100 000 units of the base currency. As along as you generate 10 standard lots of turnover, which is equal to $1 000 000, the next deposit you make is going to be subject to 125%. When you reach 50 standard lots, the following deposit is going to be raised up to 150%. The same algorithm holds true for the remaining steps. 200 standard lots – 175%. 500 standard lots – 200%.
Let’s consider an example:
Let’s say you have opened an MT4 Fixed account, deposited $1000 and activated the account. Then you get your account credited with $1000 or 100% of the deposit. You start trading and eventually generate 10 standard lots of turnover. The instance you have done it, you are eligible for the next part of the bonus. You deposit $1000 more and this time you get $1250 or 125% as the next part of the total bonus. The deposit is credited automatically instantly after you have deposited the funds. Should you withdraw any funds from the bonus accounts while the bonus program is still there, the bonus is going to be reduced proportionally.
The good news is, you can still complete the bonus all the way to 200% even after the bonus program expires on April 30th. The bonus funs are all yours, never expire and can be withdrawn with no limitations once cleared according to the mentioned terms and conditions.
However, you should keep in mind that within the scope of this very bonus you cannot use any bonus funds as some kind of a safety cushion to cover your drawdowns. If the Equity at some point drops down to the total bonus amount credited to the trading account, the bonus will be canceled and written off the balance.
Bonus funds cannot be used to compensate the drawdown of the account, i.e. bonus will be charged from the account when Equity (Balance including open positions) on the account will be equal to the sum of bonus. In this case, all open positions will be automatically closed.
Please also keep in mind that you cannot transfer any funds from other accounts to MT4 Fixed bonus accounts to be eligible fro the bonus. Only direct deposit via available deposit methods will count! You should also avoid any trading on bonus accounts before they are activated. On top of that, only one bonus account per trader is allowed.
You should also keep in mind that FIBO Group reserves the right to make changes to the terms and conditions of the mentioned bonus program as well as to cancel the entire bonus program at any time and without prior notice. Still, this doesn’t apply to the clients who are already participating in the bonus offer. Should he company make such changes, it will information about it on the official website in the “Clients - Promotions” section.
If you sill have any questions regarding the bonus offer, you can contact the company’s support team via on-line chat or via the Feedback” option in you Personal Area. You can also e-mail to service@fibogroup.com. Also, you can find more information on the bonus offer, including the terms and conditions by going to:
http://www.fibogroup.com/clients/promos/#traders-mission-program
