1. These terms and conditions (“Terms”) form the basis of the offer to participate in the CMC Markets Cashback Offer (“Offer”).
2. Taking part in this Offer constitutes acceptance of these Terms. CMC Markets Singapore Pte. Ltd. (Company Registration No./UEN 200605050E), is the provider of this Offer (“CMC Markets”). CMC Markets reserves the right to vary or cancel any of these Terms at any time, subject to applicable laws. CMC Markets is regulated by the Monetary Authority of Singapore.
3. Capitalised terms used but not defined herein have the meaning given to them in the CMC Markets Terms of Business, and references to the Terms of Business (“TOBs”) below shall be construed accordingly.
Conditions of Eligibility
4. The Offer is available to customers who have satisfied the Eligibility Criteria for the Offer (“Eligible Customer”).
5. The Eligibility Criteria for the Offer are:
(a) the customer does not have, or has not had, a live CFD Trading Account (“Account”) on the Platform in the period 12 months preceding the Offer Period (defined below);
(b) the customer is a resident of Singapore;
(c) the customer is invited to participate in the Offer by CMC Markets;
(d) the customer is not an immediate family member of an employee of CMC Markets or any other company within its group as determined by CMC Markets in its absolute discretion;
(e) the customer must have good knowledge and understanding of trading derivatives and the relevant risks; and
(f) during the Offer Period the customer opens a live Account via the specific Account opening link on the promotion landing page or unique link provided in email. Accounts opened via any other method will result the Cashback payment not being credited to the customer’s Account.
6. The Offer is open from 6 January 2020 and ends on 29 February 2020 (“Offer Period”).
7. The Offer entitles an Eligible Customer to receive a rebate of 100% of the applicable Spread, Commission and Holding Costs of executed Margin Trades (the “Cashback”).
8. The Cashback is available for 30 days from the date of Account Opening (“Rebate Period”). For the avoidance of doubt, the Cashback will only be available during the Rebate Period.
9. The Cashback is subject to a maximum payment of SGD$388 (or Account Currency equivalent). If you accumulate more than SGD$388 in Spread, Commission and Holding Costs during the Rebate Period, no additional rebate will be payable to you.
10. The amount of the Cashback earned will be credited to your Account after the end of the Rebate Period. CMC Markets will be not liable for any (direct or indirect) loss caused by a delayed or missed Cashback payment.
11. The Cashback payment will be made in SGD or Account Currency equivalent.
12. The Cashback payment does not represent a commitment to make further payments in the future.
13. The Cashback will not be payable in respect of any Trades that are subsequently voided, reversed or cancelled by CMC Markets in accordance with our Terms of Business. If the Cashback has already been paid in respect of any Trades that are subsequently voided, reversed or cancelled by CMC Markets, CMC Markets will deduct the Cashback paid in respect of such Trades from your Account.
14. The Cashback payment cannot be used to satisfy your total margin requirement, until such time as the payment has been credited to your Account. Please note that normal rules and procedures in relation to an Account Close-Out will continue to apply and you should not rely on a Cashback payment to prevent an Account Close-out.
15. The Cashback is subject to, and contingent upon, your compliance with these terms and the TOBs. In addition to any other rights and remedies we may have, any breach or suspected breach of these terms and/or the TOBs will entitle us to stop paying the Cashback immediately and without prior written notice, and/or reclaim payments previously paid pursuant to these terms.
16. 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.
17. 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.
18. The Offer is only available once for each customer and does not include multiple accounts being opened by the same customer.
19. The Offer cannot be combined or used in conjunction with any other introductory offer, rebate or promotion offered by CMC Markets. This includes, but is not limited to, cash rebates based on volume of trading, as described on our website.
20. This Cashback offer must only be used for personal and non-commercial purposes. The personalised links should not be published or distributed publicly.
21. 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.
22. CMC Markets will not be liable to you in relation to the Offer (including for any losses arising as a result of the use of the Offer) and the provisions of clause 7.3 of the Terms of Business shall apply to the Offer as if set out in full.
23. The Offer should not form the basis of any decisions made in relation to potential Trades or Account activity. Furthermore, a Cashback payment is not intended to limit your liability in respect of Trades and may not be used to set-off any payment obligations towards us.
24. CMC Markets retains the right to withdraw or amend the Offer at any time, without prior notice and at its sole discretion.
25. Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move rapidly against you. Losses can exceed you deposits and you may be required to make further payments. These products may not be suitable for all clients and therefore ensure you understand the risk and seek independent advice. CFDs and Countdowns carry a level of risk to your capital as you could lose all of your investment. These products may not be suitable for all clients and therefore ensure you understand the risk and seek independent advice. Invest only what you can afford to lose.
26. These Terms and Conditions are dated 6 January 2020.