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First Protected Positions

1. The present Terms and Conditions (hereby referred to as “the Terms”) govern all actions in respect of the First Protected Positions Promotional Offer (hereinafter: “FTD Promotional Offer”). By accepting the FTD 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 FTD 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 FTD Promotional Offer is available to clients who:
a. are opening a new account with Financika, without having an existing account.
b. deposit USD 200.00 (Euro two hundred) or more.
c. Do not use Expert Advisor (EA).

2. Fraudulent, multiple, or incorrectly completed applications will not be accepted.

3. The Company will grand to the clients that meet the criteria of these Terms with the following number of first protected positions, according to the amount of the first time deposit that the client funded to his trading account as per the table below:

First Deposit Amount
USD*
Number of protected positions
0 – 499.00
5
500.00 – 999.00 8
1,000.00 – 1,999.00 10
1,000.00 or above
15
* NOTE: the currency will depend on the trading account currency.

4. Only the first positions as per the table above, with leverage of up to 1:20, will be protected.

5. The minimum and maximum base currency unit amount when using the FTD Promotional Offer is as the table below:

SymbolsMin unit amountMax unit amount
FX Pairs10002500
GOLD0.5 1.2
SILVER70150
CL Future Contracts (Commodity) 550
NSDQ Future Contracts (Index) 0.1 0.5
Aurora Cannabis Inc (Stock) 10100
a. 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.
b. Any funds lost from the first protected positions will be credited back to the account.
c. Any funds gained from the first protected positions belong to the client.

6. A Rollover Fee is applied on any protected position left open overnight, and the client undertakes to cover all Rollover Fees. Further details of the Rollover Fee can be found on the website.

7. Should any client misuse and/or try to unethically take advantage of the FTD Promotional Offer in any way such as, inter alia, using it as any form of hedging, we reserve the right to cancel the FTD Promotional Offer and/or to revoke the FTD Promotional Offer ana/or cancel any positions and/or terminate the trading account of the client without any further notice. The same will apply in case where the client uses the FTD Promotional Offer in bad faith and/or has used its trading account to take advantage of the FTD Promotional Offer.

8. We reserve the right to amend or withdraw or restrict any of the FTD Promotional Offer at any time without notice.

9. All the Terms herein are essential and binding.

Unfortunately, we do not offer our services to residents.

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