What is the Welcome Bonus?
The Welcome Bonus is a monetary bonus that can be credited to a Libertex client when the client funds his/her trading account for the first time. The Welcome Bonus can be redeemed by a client performing trading operations.
How to get the Welcome Bonus
To get the Welcome Bonus, the client should:
Complete and pass the registration procedure
Fund his/her trading account for the first time with at least the minimum amount specified.
How to convert the bonus into real money
The client trades any instrument and pays corresponding brokerage fees. When paying the fee, a percentage of the fee (hereafter the "redeeming speed") is converted to fiat money. This clause is applicable for trading any instrument except cryptocurrencies.
Every day at 21:00 UTC, Libertex analyses the total of the fee paid and calculates the portion of the bonus to be converted. When this amount reaches a certain percentage of the bonus earned (also known as a payment chunk), Libertex pays the converted part to the client's trading account. The client is then entitled to withdraw this money or use it for further trading.
To convert the Welcome Bonus completely to fiat money, the conversion described above should be undertaken within a given period. Libertex will cancel that part of the bonus not redeemed at the end of this period.
The client can check the unconverted part of the bonus and the time left to redeem the bonus at all times via the Libertex web or mobile apps.
Please note: the maximum bonus size, redeeming speed, payment chunk, conversion period and minimum deposit amount are subject to change.
Let's say that the following is offered:
100% of your first deposit as the Welcome Bonus
10% redeeming speed
2% payment chunks
90-day conversion period.
You make your first deposit of $1,000 and earn a $1,000 Welcome Bonus. Now you need to convert it into real money. For the next two days, you actively trade currencies, indices and oil. Every day at 21:00 UTC, the system analyses the total brokerage fee you paid and calculates how much of the bonus was converted. For example, by the end of the second day. you're charged $200 in brokerage fees.
With a 10% redeeming speed, this means you have redeemed $20 of the Welcome Bonus. At 21:00 UTC, the system detects that you've reached your first 2% payment chunk. Libertex immediately credits your trading account with $20, which you're free to use to trade or withdraw. By continuing to trade, you can convert other chunks of your Welcome Bonus the same way.
Libertex does not conduct banking operations, does not offer a deposit account and is not involved in illegal money laundering schemes. The Welcome Bonus is strictly reserved for Libertex clients to provide them with better trading conditions.
In this regard, Libertex may refuse to grant the Welcome Bonus to certain clients or groups of clients, as well as to cancel or change these Terms.
Welcome Bonus rules
The minimum deposit amount to receive the Welcome Bonus is $100. The maximum bonus amount is $10,000.
Get back 10% of all trading commissions paid as a bonus converted into real money.* Libertex pays the converted bonus to your trading account in 2% payment chunks. You should undertake sufficient trading to convert the whole bonus within 90 days.