High-Volume Refer a Friend Bonus
CMC Markets UK plc and CMC Markets Canada Inc.
October 2019
CFDs are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. These products are not suitable for all clients therefore please ensure you understand the risks.
Introduction
1. These terms and conditions (“Terms”) form the basis of the offer to participate in the CMC Markets Refer a Friend Offer (“Offer”) under the offer made by CMC Markets Canada Inc. (“CMC Markets”) under the Terms of Business or MT4 Terms of Business as applicable (“TOBS”).
2. CMC Markets reserves the right to vary or cancel any of these Terms at any time, subject to applicable laws.
3. Capitalised terms used but not defined herein have the meaning given to them in the TOBS, and reference to the TOBS below shall be construed accordingly.
Conditions of Eligibility
4. The Offer is available to customers who have satisfied the Eligibility Criteria (as defined below) for the Offer (“Eligible Customer”).
5. The Offer entitles an Eligible Customer to refer an individual to CMC Markets as a new customer (“New Customer”).
6. “Eligibility Criteria” means:
(a) a customer has a trading account (“Account”) on the CMC Markets Next Generation or MT4 Platform (“Platform”);
(b) the customer is a Canadian resident;
(c) the customer is invited to participate in the Offer by email from CMC Markets ("Email");
(d) the customer is not an immediate family member of an employee of CMC Markets and the customer is not affiliated with any other companies within CMC Markets as determined by CMC Markets in its absolute discretion;
(e) the customer referred to CMC Markets must be a New Customer without having any existing or pre- existing Accounts with CMC Markets; and
(f) the customer can either provide the New Customer's details to CMC Markets or forward the Email to the New Customer.
The Offer
7. The Offer entitles an Eligible Customer to refer an individual to CMC Markets as a new customer (“New Customer”). The New Customer must be a Canadian resident eligible to open an Account with CMC Markets and must not be an existing customer of CMC Markets or have had an open or dormant Account with CMC Markets since 1 June 2008.
8. Where the Eligible Customer and New Customer reside in different jurisdictions, each customer will be subject to the terms and the referral bonus applicable to the referral offer if available in the jurisdiction in which they reside.
9. To be eligible to receive the “Refer a friend” bonus the New Customer must open an Account with CMC Markets using the unique link found on the offer landing page during the offer period, or as otherwise agreed by CMC Markets, and:
(a) Fund the account with a minimum of $1,000 CAD; and
(b) Place trades on the account and meet a minimum threshold of :
- 75 trades in share CFDs (including US Shares) or
- US$5,000,000 in minimum aggregate turnover across all FX or
- US$1,500,000 minimum aggregate turnover across all Commodities or
- US$3,000,000 in minimum aggregate turnover across all Indices
within ninety days of the account being opened (the “Minimum Account Criteria”). The aggregate thresholds of each asset category cannot be combined to qualify for the bonus; the new customer must meet 100% of the minimum aggregate turnover in at least one asset category to receive the bonus.
10. If the New Customer satisfies the Minimum Account Criteria, the Eligible Customer will receive a credit of $750 CAD (“Eligible Customer Bonus”) and the New Customer will receive a credit of $250 CAD ("New Customer Bonus") to their CMC Markets’ account on or before the 30th day of the following month upon satisfaction of the Minimum Account Criteria.
11. Each person who successfully takes part in the Offer is responsible for any and all taxes payable (if any) as a result of this Offer being awarded, received or accepted.
12. All persons taking part in the Offer, to the maximum extent permitted by law, release from, and indemnify CMC Markets against, all liability, cost, loss or expense arising out of or in connection with the Offer including (but not limited to) personal injury and damage to property and whether direct or consequential, foreseeable, due to any negligent act or omission or otherwise.
13. CMC Markets reserves the right to withhold and/or cancel any bonus payment (either to the Eligible Customer, the New Customer or both) where, in CMC Markets’ view, transactions are made to manipulate the Offer or where either the Eligible Customer or the New Customer may have breached or, in CMC Markets’ view, potentially breached, any law, regulation or licensing requirement.
14. A failure by CMC Markets to enforce any of these terms and conditions in any instance(s) will not give rise to any claim by any person or prevent CMC Markets from taking enforcement action later.
Legal
15. The Offer is only available once for each New Customer and does not include multiple accounts being opened by the same customer. In the case of an eligible joint account that satisfies the Minimum Account Criteria, the joint account will receive
one Bonus.
16. The Eligible Customer must not have a power of attorney or other authority to trade on the New Customer's Account.
17. The Offer must only be used for personal and non-commercial purposes. The unique account-opening links found on the offer landing page should not be published or distributed publicly.
18. CMC Markets reserves the right to refuse to pay the Bonus where it suspects (in its sole discretion) non-compliance with
these Terms.
19. In addition to any other rights and remedies available to CMC Markets, in the case of any breach or suspected breach of the TOBS in relation to an Account, CMC Markets is entitled to deem such Account ineligible for the Bonus, and/or reclaim any Bonus previously paid pursuant to this promotion.
20. These Terms are dated 01 October 2019.
21. This Offer is subject to Canadian law and the exclusive jurisdiction of the Canadian courts, and may be withdrawn or amended at any time, without prior notice at the sole discretion of CMC Markets.
22. This promotion cannot be combined or used in conjunction with any other offer, rebate or promotion, or as additional payments to introducers offered by CMC Markets.
