Bonus Terms And Conditions

General Criteria for Bonus Eligibility and Application

• Geographic Availability: Certain bonuses and promotions may not be available in all regions due to legal constraints. Bonus withdrawal criteria may vary by jurisdiction. For detailed information, please contact [email protected].
• One Trader Per Household Rule: Unless otherwise specified, bonuses and special offers are limited to one trader per household, regardless of the number of trading devices in use at that location.
• Modification Rights: ICL Markets reserves the right to modify, revoke, or discontinue any offer or bonus at our discretion, without prior notice.
• Payment Issues: If a payment service provider rejects or cancels a payment attempt, ICL Markets may cancel any related bonuses or profits.
• Withdrawal and Refund Policy: Refer to our withdrawal and refund policy for information on how to withdraw funds from your account.

Terms & Conditions for Bonuses

• Provision of Bonuses: ICL Markets may offer temporary bonuses for additional trading funds on initial or subsequent deposits, at our discretion.
• Client Autonomy: Accepting a bonus is optional. Proceeding with trading activities post-bonus receipt signifies acceptance of the bonus terms, which are conclusive.
• Adherence to Offer Terms: Bonuses are bound by the specific terms of the offer, which might include stipulations like a minimum deposit or achieving a certain trading volume within a given timeframe.

Bonus Conditions:

a. Trading Volume Requirement: Withdrawals are subject to achieving a trading volume equal to 1 Lot for each bonus amount.

b. Non-Transferability: Bonuses are non-transferable and limited to the account where they were initially allocated.

c. Cancellation Policy: ICL Markets maintains the right to withdraw bonuses in cases of suspected fraud.

d. Actions in Fraud Cases: In fraud or chargeback suspicions, ICL Markets may withhold funds beyond the initial deposit and pursue legal actions to recover outstanding payments.

Understanding Stop Loss and Limit Orders: Distinguish between a Stop Loss Order, which triggers at a designated price and executes at the prevailing market rate, and a Limit Order, aimed to execute at a set price or better.

Customising Your Stop Loss Strategy: A Stop Loss strategy is crucial to your overall trading plan. For day traders, integrating a Stop Loss order with each transaction is vital. Ideally, place your Stop Loss at a point where, if reached, would suggest a miscalculation in your market analysis.

Stop Loss Order Support at ICL Markets

Should you require assistance with setting Stop Loss orders or have any other trading questions, our dedicated ICL Markets customer support team is available to provide personalised assistance and advice. We are here to offer expert guidance suited to your specific trading needs and strategies.

Third-Party Software Policy at ICL Markets

ICL Markets facilitates access to third-party services. It’s important for our clients to be aware that these services function independently from ICL Markets. We encourage our users to carefully evaluate the risks and conditions associated with third-party software usage. ICL Markets does not bear responsibility for any results, including any losses or disputes, that might occur from the use of third-party services.

Liability Limitations at ICL Markets

While ICL Markets strives to ensure uninterrupted and error-free service, we cannot guarantee that our Site or Services will be free from all errors. We are not liable for any technical problems that impact online systems, servers, or internet connections.

Legal Liability

In line with applicable laws, ICL Markets limits its liability for any indirect, incidental, consequential, or special damages incurred through the use of our Site or Services. This includes any trading losses that may result from relying on the information provided on our Site. The maximum liability of ICL Markets to any user shall not exceed the amount of funds deposited in the user’s account for the transaction under dispute.

Understanding Stop Loss vs. Limit Orders at ICL Markets

Recognizing the Differences:
It’s crucial to differentiate between Stop Loss Orders and Limit Orders at ICL Markets. While a Limit Order is designed to execute at a specified price or better, a Stop Loss Order is triggered at a designated price and executed at the current market price.

Tailoring Your Stop Loss Strategy:
Incorporating a Stop Loss strategy is a key component of your trading approach. For day traders, including a Stop Loss order with each trade is imperative. Your Stop Loss should be set at a point that would indicate a flaw in your market analysis, ensuring it complements your overall trading strategy.