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1. These terms and conditions (“Terms”) form the basis of the offer to participate in the “Refer a Friend Bonus” Offer (“Offer”).
2. Taking part in this Offer constitutes acceptance of these Terms.
3. CMC Markets Singapore Pte. Ltd. (UEN 200605050E) (“CMC Markets”), is the provider of this Offer. CMC Markets is regulated by the Monetary Authority of Singapore.
4. CMC Markets reserves the right to vary or cancel any of these Terms at any time, subject to applicable laws.
5. Capitalised terms used but not defined herein have the meaning given to them in the CMC Markets Next Generation Terms of Business and MetaTrader 4 Terms of Business, as the case may be, and references to the Terms of Business (“TOBs”) below shall be construed accordingly.
Conditions of Eligibility
6. The Offer is only available to individuals who satisfy the following Eligibility Criteria as “Referrers” and “Invitees”, as the case may be:
an individual shall qualify as a Referrer if:
(a) he/she has an existing Trading Account (“Account”) on either of the CMC Markets’ Next Generation platform or the MetaTrader4 platform (each a “Platform” and collectively the “Platforms”) and must remain eligible to maintain such Account;
(b) he/she is a resident of Singapore;
(c) he/she 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;
(d) he/she is invited to participate in the Offer by email from CMC Markets (“Email”);
(e) he/she has an active Account on a Platform as determined by CMC Markets in its sole discretion. As a guide, without prejudice to CMC Market’s discretion, Accounts with trade(s) of durations longer than 5 minutes may be considered as active); and
(f) he/she only refers Invitees who have an existing personal (not business) relationship with them;
an individual shall qualify as an Invitee if:
(a) he/she is a resident of Singapore;
(b) he/she 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;
(c) a Referrer has forwarded the Email to him/her or provide the Invitee’s details to CMC Markets;
(d) he/she only has an existing personal (not business) relationship with the Referrer; and
(e) he/she must be eligible to open an Account on either Platform 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 or as may be determined by CMC Markets in its sole discretion.
7. The Offer is open from 22 March 2023 until 29 February 2024 or such other period as may be determined by CMC Markets at its sole discretion (“Offer Period”).
The Offer Mechanics
8. The Referrer and Invitee may each receive a credit of S$150 (or the Account currency equivalent) (the “Bonus”) to their CMC Markets’ Account on or before the 14th day of the month following the satisfaction of the following:
(a) an Invitee must open an Account with CMC Markets using the unique link contained in the Email during the Offer Period, or as otherwise agreed by CMC Markets;
(b) the Invitee funds the abovementioned Account with a single minimum initial deposit of S$1,000 (or the Account Currency equivalent) within 30 days from the Account opening date;
(c) the Invitee completes a minimum of five trades on the Account across any CFD classes within 30 days from the Account opening date. Please note that minimum product ticket sizes apply for each trade; and
(d) the Invitee must not withdraw any funds from the Account for 30 days from the Account opening date.
(collectively, the “Minimum Account Criteria”)
9. A Referrer shall only be eligible to receive up to a maximum of 10 Bonuses from unique successful referrals that meet the Minimum Account Criteria.
10. The Offer is only available once for each Referrer/Invitee pair 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.
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. CMC Markets reserves the right to forfeit, withhold and/or withdraw any Bonus payment (either to the Referrer, Invitee or both) or where the Bonus has been awarded, reclaim and/or deduct any Bonus award or part thereof where, in CMC Markets’ view, (1) transactions are made to manipulate the Offer; or (2) where either the Referrer or the Invitee may have breached or, in CMC Markets’ view, potentially breached, any law, regulation or licensing requirement; or (3) where CMC Markets suspects (in its sole discretion) non-compliance with these Terms or the TOBs or any misrepresentation or inaccuracy about the proper satisfaction of the Eligibility Criteria or Minimum Account Criteria. In such an event, no person shall be entitled to any payment or compensation from CMC Markets.
13. 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.
14. CMC Markets retains the right to withdraw the Offer or amend these Terms or the Offer at any time, without prior notice and at its sole discretion.
15. The Referrer must not have a power of attorney or other authority to trade on the Invitee’s Account.
16. The Offer must only be used for personal and non-commercial purposes. The unique link from the Email should not be published or distributed publicly.
17. 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. CMC Markets will not be liable to any participant in the Offer (including for any losses arising as a result of use of the Offer) and the provisions of clause 7.3 of the TOBs shall apply to the Offer as if set out here in full.
18. This promotion cannot be combined or used in conjunction with any other offer, rebate or promotion offered by CMC Markets. This Offer supersedes any other "refer a friend" offer from CMC Markets and a customer can only participate in one offer at a time.
19. CMC Markets’ decisions in any matter in relation to this Offer will be final and conclusive. All valuations and calculations for the purposes of the Offer will be determined by CMC Markets and are final and binding.
20. CMC Markets collects personal information from all participants in order to conduct the Offer. The participant consents and authorises CMC Markets to collect, store, use and disclose the information provided by such participant or collected during or after the Offer (including name, contact details, email addresses, other personal data and information and photographs) for the purpose of or in connection with the Offer and ancillary purposes. Information collected from participants in the Offer is further subject to CMC Market’s Privacy and Security Policy.
21. A person who is not a party to this Offer and these Terms will have no rights under the Contracts (Rights of Third Parties) Act 2001 to enforce any of these Terms.
22. This Offer and these Terms are governed by the laws of Singapore and are subject to the exclusive jurisdiction of the Singapore courts.
23. These Terms are updated on 21 February 2024.
24. 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 your 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. Seek independent advice and consider our TOBs and Risk Warning Notice at cmcmarkets.com/en-sg.
25. This advertisement has not been reviewed by the Monetary Authority of Singapore.