First Five Protected Positions

The present Terms and Conditions (hereby referred to as “the Terms”) govern all actions in respect of the First Five (5) Protected Positions Promotional Offer (hereinafter: “FTD5 Promotional Offer”). By accepting the FTD5 Promotional Offer you unconditionally acknowledge that you have read, understood and intend to be legally bound by these Terms found on our website www.financikatrade.com.

This FTD5 Promotional Offer is valid for one month. Financika Reserves the right, at its sole discretion, to extend the promotion period or end the promotion at any time.

The FTD5 Promotional Offer is available to clients who:
1. are opening a new account with Financika, without having an existing account.
2. deposit USD 200.00 (Euro two hundred) or more.
3. Does not use Expert Advisor (EA).
4. Fraudulent, multiple or incorrectly completed applications will not be accepted.
The FTD5 Promotional Offer includes the following:
1. Only the first five (5) positions, with leverage of up to 1:20, will be protected.
2. The minimum position value is 4,000 base currency units and the maximum position value is 10,000 (ten thousand) base currency units, or equivalent to an exposure of up to US$10,000 (US Dollar ten thousand) in case of Commodities or CFDs. In the event of an exposure larger than the one stated above, Financika reserves the right to revise the position amount.
3. The protected positions should be automatically closed within 48 to 72 hours of the opening date. In the event of failing to do so, the relevant position(s) will not be protected any longer.
4. Any funds lost from the first five (5) trades will be credited back to the account.
5. Any funds gained from the first five (5) trades belong to the client.