1. Capitalised terms used but not defined in these terms have the meaning given to them in the CMC Markets UK plc Terms of Business or the CMC Spreadbet plc Financial Betting Terms of Business (as applicable to you), (the “Terms”), and references to the Terms below shall be construed accordingly.
2. Except as may be varied below in relation to the ‘refer a friend’ offer, the Terms apply to this offer. References below to ‘CMC Markets’ are collectively to CMC Markets UK plc and CMC Spreadbet plc.
3. Subject to the terms set out below, the ‘refer a friend’ offer enables live CFD or spread betting Account holders to earn a referral bonus by introducing friends who go on to successfully open a Next Generation Account with CMC Markets. For each successful referral, you will receive a £200 credit on your Account (the “Bonus”) and your friend will receive cashback of 100% of the applicable Spread, Commission and Holding Costs of executed CFD Margin Trades / Bets on your friend’s Account (the “Cashback”).
4. The Bonus and Cashback should not form the basis of any decisions made in relation to potential CFD Margin Trades, Bets or Account activity.
Conditions of Eligibility
5. In order to qualify for the Bonus and Cashback, the following conditions must be met:
(a) you must hold a live CFD or spread betting Account;
(b) your friend must not have any existing Account with CMC Markets;
(c) you must have an existing personal (not business) relationship with the person you wish to refer and they must be eligible to open a live CFD or spread betting Account (as applicable) with CMC Markets;
(d) by forwarding the email received from CMC Markets to your friend, you confirm that your friend consents to receive such email; and
(e) your friend must apply for an Account via the unique link contained in the email. Applications not made through the link in the email will not be eligible for the Bonus or Cashback (both on your friend’s Account and yours); and
(f) your friend must place a minimum of 10 trades within the first 30 days following confirmation of opening a live CFD or spread betting Account (as applicable) for you to be eligible for the £200 bonus
6. You can only refer each friend once. The Bonus and Cashback is only payable on the first Account opened by each friend. In the case of new Joint Accounts, only one Bonus or Cashback will be payable to the Joint Account.
7. CMC Markets reserves the right to decline to open a CFD or spread betting Account (as applicable) at its sole discretion and without giving any reason for doing so.
8. If the conditions set out in paragraph 5 above are met, the Bonus will be credited to your Account at 10pm London local time 30 days after your friend has opened the Account. CMC Markets will not be liable for any (direct or indirect) loss caused by any delay in payment of the Bonus. Payments shall be made in GBP (or the equivalent in another currency, using the Currency Conversion Rate).
9. The Cashback does not apply to GSLO Premiums and is not available for Digital 100s, Countdowns or corporate accounts.
10. The Cashback is available for 30 days from the date your friend opens the Account (the “Cashback Period”). For the avoidance of doubt, the Cashback will only be available to your friend during the Cashback Period.
11. The Cashback is subject to a maximum payment of £200. If your friend accumulates more than £200 in Spread, Commission and Holding Costs during the Cashback Period, no additional cashback will be payable to your friend.
12. The amount of the Cashback earned will be credited to your friend’s Account at 10pm London local time on the day after the end of the Cashback Period. CMC Markets will not be liable for any (direct or indirect) loss caused by a delayed or missed Cashback payment. Payments shall be made in GBP (or the equivalent in another currency, using the Currency Conversion Rate).
13. The Cashback will not be payable in respect of any CFD Margin Trades / Bets that are subsequently voided, reversed or cancelled by CMC Markets in accordance with our Terms and related documentation. If the Cashback has already been paid in respect of any CFD Margin Trades / Bets that are subsequently voided, reversed or cancelled by CMC Markets, CMC Markets will deduct the Cashback paid in respect of such CFD Margin Trades / Bets from your friend’s Account.
14. The Bonus and Cashback payment cannot be used to satisfy the total margin requirement, until such time as the payment has been credited to your or your friend’s Account. Please note that normal rules and procedures in relation to an Account Close-Out will continue to apply. You and your friend should not rely on a Bonus or Cashback payment to prevent an Account Close-Out.
15. A Bonus or Cashback payment does not represent a commitment to make further payments in the future.
16. You will not be permitted to have a power of attorney or any other authority to trade on any friend’s Account(s) opened and in receipt of the Cashback, at any time.
17. This offer must only be used for personal and non-commercial purposes. The personalised links should not be published or distributed publicly. CMC Markets reserves the right to refuse to pay the Bonus and Cashback to you and your friend(s) where it suspects (in its sole discretion) non-compliance with this term.
18. CMC Markets will not be liable to you or your friend in relation to the Bonus or Cashback (including for any losses arising as a result of use of the Bonus or Cashback) and the provisions of clause 7.2 of the Terms shall apply to the Bonus and Cashback as if set out here in full.
19. The Bonus and Cashback are subject to, and contingent upon, yours and your friend’s compliance with these terms and the Terms. In addition to any other rights and remedies available to CMC Markets, in the case of any breach or suspected breach of the Terms in relation to an Account, CMC Markets is entitled to deem such Account ineligible for the Bonus and Cashback, and/or reclaim any Bonus or Cashback previously paid pursuant to this offer.
20. This offer cannot be combined or used in conjunction with any other offer, rebate or promotion offered by CMC Markets.
21. CMC Markets’ employees and members of their households are not eligible to participate in this offer.
22. CMC Markets reserves the right to amend, withdraw or restrict this offer at any time without notice.
23. These terms (including non-contractual disputes or claims) are subject to English law and the exclusive jurisdiction of the English courts.