Terms and Conditions for Initial Deposit Bonus

General Terms and Conditions

  1. The 100% cash bonus is available on all the account types except Micro and Islamic.
  2. TurnKey Forex reserves the right to amend, terminate or change the Bonus at its sole discretion, and at any time without notice.
  3. TurnKey Forex reserves the right to hold, deny or withdraw from that client, the 100% cash bonus if the client has abused or attempted to abuse a promotion or otherwise acted against the good faith.
  4. TurnKey Forex can temporarily or permanently terminate the client’s access to the services and block that clients account.
  5. Any dispute not covered by these terms and conditions will be duly resolved by TurnKey Forex Management in a justified manner.
  6. The Bonus is available for only new client’s accounts, opened for the first time in TurnKey Forex.
  7. For getting the “100% Cash Bonus”, you need to send appropriate bonus request to support@turnkeyforex.com from the email specified during the registration of the trading account.
  8. TurnKey Forex reserves the right to deny bonus credit without any explanation.
  9. TurnKey Forex has no responsibility (Direct or in-direct) for the consequences of cancellation (or no charge) bonus funds and encourages disregards bonus funds in the calculation of risk-management and / or trading strategies trader.
  10. TurnKey Forex hold the right to request additional trader’s identification documents as well as other personal data.
  11. Broker reserves the right to change the existing rules without prior notice.

Operating Terms and Conditions

  1. The 100% Cash Bonus can be exercised by new account holders with Minimal USD $100 deposit and the maximum amount that can be availed is $20, 000.
  2. In case, the total losses incurred by the trader/client reach 90% of initial deposit, his/her position will be squared off or in other words, trader’s position will be squared off at 10% initial equity.
  3. A client may not receive any notification of the margin call if his account starts losing the bonus amount before his actual equity falls below 70% of used margin.
  4. Equal amount of cash bonus will be withdrawn by TurnKey Forex when the client makes a withdrawal from their account. The bonus will only be withdrawn when client withdraws from initial deposit only.For example, if a client withdraws $50 from the initial deposit of $100, $50 will be deducted automatically from the 100% Cash Bonus amount that had been awarded to client.
  5. A client may withdraw profits without any problem of deduction in the 100% Cash Bonus awarded to him at any point of time.
  6. Bonus funds accrued in the Bonus Promo are wholly broker owned.
  7. Bonus funds cannot be transferred from one account to another account within the company.
  8. The trader/client may request zeroing account in case of a negative balance i.e. balance would be reset with all previously accrued bonus funds.
  9. In order to withdraw Bonus from your account, you need to make transactions expressed in number of lots in the amount of using the following formula:
    1. For currencies and commodities:
      Number of Lots required = Bonus Amount/2
      For instance, if you receive $500 as bonus amount under 100% cash bonus program. Then in order to withdraw the bonus availed, the trader needs to trade a volume of: 500/2 = 250 Lots (Closed are taken into consideration)
    2. For global indices:
      Number of Lots required = Bonus Amount/2 * 10