Terms And Conditions - No Deposit Trading Credit Program
A. Introduction
1. 1000x Global Limited is operating under the trading name “1000x” is legally registered in Saint Vincent Island, residing in Hong Kong. The platform mainly operates in the world of DeFi that supports trading of the most known cryptocurrency and currency pairs. Plus the high-leverage fixed at 1:1000 referred to the name of the platform.
2. The “No Deposit Trading Credit Program” Terms and Conditions is an integral part of the “1000X Business Terms and Policies” and provisions set herein are considered as an annex of all “1000X Service Agreement and Policies”.
B. Conditions of Eligibility
1. Subject to, and without prejudice to, all other Business Terms and Policies, the offer is available to the Company’s Clients who have satisfied the Eligibility Criteria for the offer (“Eligible Clients”) as set out in the sections following hereinafter.
2. The “No Deposit Trading Credit Program” may be offered by the Company from time to time to clients who open trading accounts with the Company, in cases where such clients are referred to the Company via specific websites and/or social network sites in the context of certain specific promotions, and/or surveys that the Company may be running from time to time on such specific websites and/or social network sites.
3. The Company, at its absolute discretion, offers the “No Deposit Trading Credit Program” to any Client(s) and/or any countries / regions as it deems appropriate and for as long as the Company deems to provide it.
4. The “No Deposit Trading Credit Program” may be offered by the Company to new clients besides existing clients. Aside from completed KYC process for participant in the program.
5. Only persons who can form legally binding contracts under the laws applicable in their country of residence may participate in the “No Deposit Trading Credit Program”. Without limiting the foregoing, participation in the “No Deposit Trading Credit Program” is not allowed for persons under the age of 18 or otherwise under legal age in their country of residence (“minors”). Remarks : If you are a minor, you may not participate in the “No Deposit Trading Credit Program”.
Remark II : Foreigner clients required an ID Card or passport for participating the “No Deposit Trading Credit Program”
6. Participation of “Related Parties” in the “No Deposit Trading Credit Program” is prohibited. If the registration and / or trading data of a participant in the “No Deposit Trading Credit Program” corresponds with the registration and / or trading information, including but not limited to IP address, of another participant in the “No Deposit Trading Credit Program”, the Company reserves the right to regard this matching as a reason for immediate disqualification. For the purposes hereof, the term “Related Party(ies)”, when used in these Terms & Conditions, unless the context otherwise requires, shall mean to include any person or entity bearing a relationship with any participant in the “No Deposit Trading Credit Program”, including, without limitation:
a) family members, such as brothers, sisters, spouses, ancestors, lineal descendants and collateral descendants;
b) person or entity, whom any participant in the “No Deposit Trading Credit Program”, directly or indirectly through one or whom, or is under common control with any participant in the “No Deposit Trading Credit Program”; for purposes of this definition, the term “control” (including, with correlative meaning, the terms “controlled by” and “under common control with”), as used with respect to any participant in the “No Deposit Trading Credit Program”, shall mean the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of management policies of such person or entity, whether through ownership of voting securities or otherwise.
7. Similarly, persons associated in any manner whatsoever with the Company and/or with the specific websites and/or social network sites on which the Company may be running from time to time certain specific promotions, contests and/or surveys, in the context of which access to the “No Deposit Trading Credit Program” is offered, are not allowed to participate in the offer.
C. Specific “No Deposit Trading Credit Program” Terms
1. Eligible Clients, who meet the criteria set forth herein are able to receive trading Credits equal to:
a) 50 USD,- (or currency equivalent) of “No Deposit Trading Credit”.
b) In order to activate and credit the Account with “No Deposit Trading Credit” all Eligible Clients need to successfully complete an Email verification procedure of this Program.
c) Eligible clients who participated in this program are prohibited from using the “Social Trade” function.
2. All Eligible Clients are permitted to hold only one (1) “No Deposit Trading Credit” Account per one
(1) unique IP address. Multiple registrations from the same IP are not permitted nor multiple “No Deposit Trading Credit” Accounts registered with the same personal details.
3. Profits from trading on “No Deposit Trading Credit” Accounts can be withdrawn under the conditions in each account, such as :
a) New clients
All new accounts that participated in the program need to make at least 7 closed orders, lot total of 0.25 standard lots and minimum profit amount 8 USD. Only BTC/USDT and GOLD/USDT pairs are counted towards the lot count.
b) Existing clients
For existing clients who participated in the program. Bonus from the program will be added to your remaining bonus. and the eligibility to claim 10% cashback balance up to 50 USD from loss order.
Remark III: After participating in the program. Bonus from deposit (If choose to accept) and program will be deduct after every withdrawal, calculated by percentage from the withdrawn amount.
4. The “No Deposit Trading Credit” applied to the accounts of Eligible Clients in accordance with the rules set forth herein cannot be transferred between accounts with the Company.
5. Any profits generated from the utilization of the “No Deposit Trading Credit” are available for withdrawal as per our withdrawal procedure.
D. General Terms
1. Please note that it may take up to 24 hours before any Credit is added to the account of an Eligible Client who meets all of the criteria set forth herein.
2. The “No Deposit Trading Credit Program” applies to all clients who open accounts with the Company in accordance with the rules set herein and granted Credits may be used for trading purposes only and cannot be withdrawn.
3. Any withdrawal of funds from an Eligible Client’s account(s) with the Company will cause the removal of the previously awarded trading Credit(s) proportionally to the percentage of the requested amount of the withdrawal from the respective Eligible Client’s real Account with the Company.
4. In the event that any Eligible Client maintains open positions in the trading account(s) during the submission of a withdrawal request or of internal transfer, the same conditions apply to the Credits as the above clauses. More specifically, the submission of a withdrawal request or an internal transfer will cause the removal of any previously awarded trading Credit(s) proportionally to the percentage of the requested amount of the withdrawal over the available balance combined with the Open Profit & Loss of the Eligible Client’s trading account.
5. The Company reserves the right, at its reasonable discretion:
i. to decline registration of any participant in the “No Deposit Trading Credit Program”; and
ii. disqualify any participant in the “No Deposit Trading Credit Program” who tampers or attempts to tamper with the operation of the “No Deposit Trading Credit Program” or breaches these terms and/or any of the “1000x Business Terms and Policies” set forth on the Company’s website.
Under no circumstances shall the Company be liable for any consequences of any trading Credit cancellation or decline, including, but not limited to, order(s) closure by Stop Out.
6. The Company reserves the right, at its reasonable discretion, to discontinue the offering of this “No Deposit Trading Credit Program” to any of its clients, without having to explain the reasons. Such clients will be informed via email.
7. Clients can not cancel from the “No Deposit Trading Credit Program” in any circumstances.
8. The Company reserves the right to alter, amend or terminate the “No Deposit Trading Credit Program” or any aspect of it at any time. Prior notice of such changes will be given to clients and the Company will post any such changes on its website. It is recommended that participants in the “No Deposit Trading Credit Program” consult these Terms & Conditions on the Company’s website regularly. Please note that taking part in the “No Deposit Trading Credit Program” constitutes acceptance and agreement to abide by any such alterations, amendments and/or changes.
9. Any indication or suspicion, in the Company’s sole discretion, of any form of arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially from the credit trading Credit without being genuinely interested in trading in the markets and/or taking market risk), fraud, manipulation, cash-back arbitrage connected to a Credit or any other forms of deceitful or fraudulent activity, will nullify all previously credited trading Credits of the Eligible Client’s accounts with the Company and/or any and all transactions carried and/or profits or losses garnered therein. In these circumstances, the Company reserves the right, at its sole discretion to close/suspend (either temporarily or permanently) all such Eligible Client’s account(s) with the Company, cancel all orders and annul all profits of such participants. In these circumstances, the Company shall not be liable for any consequences of the Credit cancellation, including, but not limited to, order(s) closure by Stop Out.
10. In the event that Account becomes Dormant, all previously awarded trading Credit(s) will be immediately withdrawn from the respective Eligible Clients account with the Company.
11. This promotion may be redeemed only once by any Eligible Client.
12. Taking part in the “No Deposit Trading Credit Program” constitutes acceptance of these Terms & Conditions and of the Business Terms and Policies set forth on the Company’s website.
13. If any of “No Deposit Trading Credit Program” terms were to be translated into a language other than English, then the English version of these terms shall prevail where there is an inconsistency.
E. Risk warning
1. Future trading (Crypto, Forex & CFD) involves a significant risk to your invested capital. Please read and ensure you fully understand our Service Agreement, available at platform’s website.