Legal information

This site is owned and operated by "Systemgates Ltd., Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines".

«Systemgates Ltd», hereinafter referred to as the Company, offers currency conversion (exchange) operations on the Forex market, CFD stocks, indexes and metals to any individual or corporate entity (hereinafter referred to as the Client) according to the procedure and on the terms and conditions described in this Agreement. The English version of the Client Agreement is the main version for all website editions.

The Agreement becomes effective as of the date when the client opened a trading account and transferred funds to the Company's account(s) to ensure minimum trading deposit.

Order - Client's request to the Company to open or close a position when the price reached the desired level.

Currency contract - currency pairs available for trade.

CFD contract - stocks available for trade.

Currency pair - Forex instrument based on the exchange rate of one currency vs another.

Financial instruments - currency pairs and CFD contracts available for trading.

Transaction - set of trading operations when funds are transferred from base currency into quote currency and back.

Hedged positions - equal long and short positions of the same instrument on the same trading account.

Open position - buy (sell) order not covered by the opposite sell (buy) order.

Marginal trade - arbitrage operations with currency and (or) CFD contracts that result in the volume of opened positions several times exceeding the amount of variable margin.

Lot - volume of an order.

Equity - current state of an account, calculated as balance + floating profit - floating loss.

Floating Profit/Loss - unfixed profit/loss on open positions with floating exchange rates.

Free Margin - funds in trading account used to open new positions, calculated as equity - margin.

Margin - necessary deposit amount to open orders, calculated as lot size * lot volume*current price/leverage and is equal to 0.5% (with 1:200 leverage) of the total amount of opened positions.

Margin Level - indicator of the state of an account, calculated as Equity / Margin*100%

Stop Out - automatic closing of open positions if your equity (balance + floating profit – floating loss) reaches 5% of your Margin. Stop Out is calculated according to the following formula: Equity/Margin*100%

Base currency - currency unit in which subaccount, all balances, fees, and payments are nominated and calculated.

Non-market quote - quotation (price level) inside a price gap, several price ticks close to each other in amount which form a price gap, appearance of quotation as a result of price noise, and a price level formed without any macroeconomic indicators which have substantial effect on the instrument's exchange rate.

Balance - amount in Client's or broker's secure trading account after closing the last transaction during any period of time.

Weltrade Station means licensed software used to make orders.

Spread - difference between buy and sell rate of a currency pair or CFD contract at a given moment.

Storage, Swap - cash held or added to Client's or broker's secure trading account for prolonging (carrying over) a position to the following day. From Wednesday to Thursday swaps are tripled.

Dealer - Company employee processing Client orders.

Company's business hours - time during which the Company's terminal processes orders with standard currency contracts and standard CFD contracts. This time represents a continuous period of time between 00:00 hours EET of Monday and 23:59 hours EET of Friday. Order processing can be limited or unavailable from 00:00 hours EET till 00:05 hours EET daily from Monday till Friday due to special technical pricing procedures at the start of the new business day. Price flow for specific trading instruments with limited trading hours can be limited at the beginning of trading session due to insufficient liquidity.

Buy rate (ASK) - rate at which the Client may buy a traded currency.

Sell rate (BID) - rate at which the Client may sell a traded currency.

1.1. Client shall fund his trading account within 90 calendar days from the date of its opening in an amount not less definite terms for the type of account (minimum initial deposit).

1.2. The Company has the right to archive the Client's trading account with a balance less than 1 (one) USD/EUR or 75 (seventy five) RUB, if the Client did not have activity on this account for the past three months. The Client has the right to recover the trading account by contacting customer support.

1.3. Client may withdraw funds from his trading account the amount not used to cover the margin, but not more then current balance.

1.4. Client places a cash withdrawal order using the Company website's interface. All the orders have to be confirmed by a unique confirmation code sent to the Client's registered email address. Company is not responsible for any third party access to the Client personal information and withdrawal orders. Once an order has been received, the withdrawal amount is deducted from the Client's trading account or safe box. All payments are final and are not to be returned.

1.5. The money will be transferred within five banking days after receiving a Client's order. The security service of the company has the right to hold the order up to 10 business days, previously having notified the client.

1.6. The Client will be given the Company's banking details to transfer funds to replenish his trading account via the Company's website, or may place an account replenishment order in electronic (placed using the Company website's interface) or written form.

1.7. When replenishing his account, the Client shall use the Company's current banking details received at the Company's website only and effective on the payment date. Current banking details mean details received within 24 (twenty four) hours prior to payment. The Company cannot be held responsible for the funds which the Client transferred to accounts and using banking details different from current, and does not offer search and refund of Client's payment and cannot credit these funds to Client's trading balance. Trading deposit replenishment orders may be issued, and current banking details may be received in the appropriate section of trader's office on the payment day.

1.8. Deposit/withdrawal fees are payable by the Client.

1.9. The company has the right to reject an application for withdrawal of funds in case of discrepancy between the payment systems of depositing and withdrawing, and process only the request to withdraw funds to that payment system, from which deposit was done. Herewith profit from the trading operations can be withdrawn to the payment systems (on client’s request) that were not initially used to top up the account, but only after the total amount of funds will be withdrawn from the account. The payment system may be changed by prior agreement between the Company and the Client.

1.10. When the trading account balance is replenished using direct bank transfer, credit of funds will be made upon their arrival in the Company’s account. The Client who replenishes the account using direct bank transfer has the right to order the funds withdrawal only to the account from which the payment was made. When transferring funds, commission is charged (for international bank transfer).

1.11. If the withdrawal of funds from the trading account or My Safe, deposited before using payment card, is made earlier than 30 days after the account was funded, the company's security department is entitled to request a color scan of both sides of the payment card with the owner signature (only the first 6 and the last 4 digits of its number must be visible, as well as the validity period, name and surname of the owner; the CVV number must be closed) and client’s passport for verification. The withdrawal of funds to the same payment card or payment system is possible by prior agreement between the Company and the Client.

1.12. Company reserves the right to reject a request for withdrawal in case of an explicit intention to exchange customer funds from one payment system to another.

1.13. Replenishing account balance using credit cards of third parties is prohibited.

1.14. The company has the right to accept for processing withdrawal order only by international bank wire transfer to the personal bank account of the Client if total summary profit equivalent more than 10000 USD in all trading accounts.

1.15. The client confirms that he has read the terms and conditions of the Yandex.Money Fast Payment service.

1.16. The client confirms that he knows the legislation of the country of his residence concerning the use of cards for payments for goods and services through the Internet.

2.1. Client is notified and agrees that the company cannot be held liable for client's actions or inactions during conversion operations. Responsibility for trade account standing is borne by the client.

2.2. Company reserves the right to amend this Agreement by notifying the client about it at least 2 business days prior to the effective date of these amendments. Posting the relevant information on the main page of the www.weltrade.com website for the period of at least 3 days is also considered a notification.

2.3. All powers and obligations of the company and the client represent a long-term commitment, which remains in force up until the company receives a client's notice of termination of this agreement or closing his trading account.

2.4. Company cannot be held responsible for non-fulfillment of any obligations involving quality of online communication of information to the client terminal or use of information, software, and interfaces of websites which do not belong to the company.

2.5. Client realizes that any market recommendations and information communicated to the client by the company, its representatives, or third parties do not constitute an offer to make operation/transaction.

2.6. Client realizes that any payments which client makes using the banking details received earlier than 24 hours prior to the payment time or not at the appropriate sections of the company website, which differ from the company's current banking details do not entail the company's liability or obligations concerning the search, refund or credit of this payment to the client's trading balance.

2.7. Client realizes that any actions committed by the client or third parties (through client's fault or with client's participation), which destabilize the company's business or performance of the company's services, equipment, or software may result in the company's denial (on the basis of private law) of servicing the client's current trading account and cancellation of all orders, with full refund of the current account equity. Company must notify the client about the reasons for the above decision. Company also may deny this client a registration and servicing of a new trading account in the future.

2.8. The Client declares and guarantees that:

• - Client is of sound mind and memory, of full age, and financially solvent
• - Client is able to trade on Forex and CFD markets
• - information which client provided to the company is true and correct
• - Client shall notify company about any and all changes in this information within one day after the change took place
• - the e-mail address stated by the client is not an e-mail address of general, group, or common use with third parties. Any and all notices, requests, complaints, and information received from this address are considered coming from the client and to be accurate.

2.9. Company may request from client a confirmation of accuracy of the personal account data due diligence and in the event of cash withdrawals. Company may require a notarized copy of the client's ID and the document proving his place of residence.

2.10. Client agrees to provide all documents and notices, procure registration of documents, and take all other actions which the company may deem necessary or desirable at own discretion in accordance with the Anti Money Laundering Policy.

2.11. In case double registrations of the same client with different email addresses are revealed, the company has the right to cancel such additional registrations.

3.1. Client understands that the risk of suffering trading losses may be quite significant. Client should analyze his financial capabilities before engaging in trading operations.

3.2. Client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market.

3.3. Client agrees that the company cannot be held responsible for client's losses caused, directly or indirectly, by the government restrictions, restrictions of foreign exchange or market rules, suspension of trading, military operations, or other conditions usually called the 'force majeure circumstances' which lie beyond the company's control.

3.4. Client was informed about additional risks associated with the specifics of functioning of e-trade systems and the problems of Internet communication nodes.

3.5. Client bears full responsibility for the risks associated with the storage of trading account access data, and must ensure that third parties cannot access the trade terminals. Client's losses and risks associated with the restoration of access to the trading account place no obligations on the company, other than to provide new access data to the client upon sufficient and unambiguous identification of the client as the holder of this account.

4.1. The Client may issue only the following trading instructions using electronic access:

• - OPEN - to open a position;
• - CLOSE - to close a position;
• - to place (delete, change) Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit, Sell Stop orders.

The Company cannot accept and will automatically deny any other requests.

4.2. A confirmed request to open/close a position cannot be canceled, changed, or withdrawn.

4.3. Orders are executed at the Bid / Ask prices proposed by the Client, which he sees in the window of сlient's trading terminal. During trading session client may select a desired operation and place a price confirmation inquiry with the dealer. Company reserves the right to increase declared spreads during excessive market volatility and/or insufficient market liquidity.

4.4. If the price has changed while the inquiry was processed, or in the event of increase of market volatility dealer may offer the client a new price, in which case the dealer's response time may increase until the price will be certain.

4.5. Dealer may decline the Client's instruction to open a position, if the free margin is lesser than the margin required to secure this position.

4.6. Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if current market situation does not correspond to order conditions at the moment of execution, The Company reserve the right not to execute an order or revise an order opening (closing) price based on the first tick at the opening of a trading session, and in the event of a technical failure of the trading platform , which affected the financial instrument quotation flow, or other technical failures.

4.7. When market is opened for CFD on stock indexes, Limit and Take Profit orders are executed at the order price. Stop and Stop Loss orders are executed at the best available market price when the order price level is reached in the market. The Company reserves the right to reject order execution if current market situation does not correspond to order conditions at the moment of execution.

4.8. Client cannot change or delete current and pending orders, if price has reached the order execution level.

4.9. Open positions at the client's account may be forcibly closed (Stop Out) when the margin level reaches 5% (five percent). However, if there are more than three open positions, company reserves right to close the most unprofitable orders when the margin level reaches 20% (twenty percent) to avoid negative balance on the fast (volatile) market.

4.10. Company may suspend its operations or revise client's orders for the following reasons: failures on part of Internet access providers, failures in information flows, hacker attacks, and other illegal actions against the company's servers and equipment, force majeure circumstances, and suspension of trading on financial markets which concerns financial instruments used by the Company.

4.11. Company may revise (change) a trading operation upon discovery of software malfunction within 5 trading sessions after malfunction was discovered. In this case, client will be provided data concerning history of at least 2 independent quotation sources.

4.12. Client bears full responsibility for his trading operations using additional functions of the client trade terminal, such as Trailing Stop or Expert Advisor. These functions and their performance and characteristics directly depend on the client trade terminal and cannot be controlled by the company's server.

4.13. Company may change spread amount and parameters of Limit & Stop levels for orders for certain financial instruments at nighttime and during periods of low market volatility.

4.14. Company reserves the right to cancel orders with duration less than 2 minutes.

4.15. Company may increase the Limit & Stop level for Forex instrument orders for up to 30 pips for the period of release of important economic news. The level changes take effect at least 15 minutes prior to the news release time.

4.16. The Company reserves the right to cancel the orders and refuse services if:

• a) the number of orders in most of its mass hedged by counter-orders earlier than in 2 minutes;
• b) Client's intentions directed only to open / close trading orders using old / not existing prices;
• c) identified fraud attempts to make profit using particularities of trading conditions and trading equipment.

4.17. The company has the right to cancel client pending orders, if client didn't perform any trading activity during the period of 3 month.

4.18. The Company reserves the right to limit maximum amount of active orders on client's account.

4.19. Company reserves the right to reduce leverage based upon current market conditions and liquidity provider margin requirements.

4.20. The overall result, as well as swaps, for all closed orders on Micro account older than 1 month (older than 12 months for account types Premium, Pro, Zulutrade) may be combined into one order, which is recorded in the history of the account. The combined orders are deleted from the trading account history.

4.21. MICRO account is designed for training purposes and familiarization with trading conditions and market orders execution quality. Thus, taking into account professional trading skills, Company has the right to limit trading activity on this account type and propose to transfer trading activity to accounts Premium, Pro, ZuluTrade. Funds transfer between accounts is free of charge.

4.22. The maximum number of current trading accounts cannot be greater than 10 (deleted and archived trading accounts are not taken into account).

4.23. Company reserves the right to cover Client account negative balance derived from Client trading operations when trying to manipulate with orders and negative account balance on different accouts, by the Clients' funds on other accounts with the Company.

5.1. The parties will try to settle all disputes by negotiation and correspondence. The company may accept client's complaints for review, if these complaints were stated in writing and received within three calendar days after the dispute occurrence date.

5.2. Client's all inquiries will be considered official and regarded as written inquiries, if these inquiries were placed via the Company's website interface, by e-mail sent to the addresses of the company's services concerned, or by regular mail. Inquiries placed using online communication programs, such as ICQ or similar, cannot be considered written inquiries.

5.3. Сlient's complaint should contain:

• - client's full name;
• - e-mail;
• - account number;
• - date and time a controversial situation emerged;
• - order number;
• - complaint description.

5.4. The Company reserves the right to decline a complaint review in the following cases:

• - if a complaint does not satisfy the conditions enumerated in paragraphs 5.1, 5.2, 5.3;
• - if a complaint contains vulgar language or insults addressing the Company or its employees;
• - if a complaint contains threats addressing the Company or its employees;
• - if the Client uses threats to denigrate the Company’s reputation in social networks or other resources as an argument.

5.5. If the client will breach any of the above paragraphs, the company reserves the right to deny the client its services and make a refund of the client's deposit. Termination of service and refund of the deposit will come into effect upon expiration of 5 banking days after the client was sent a notice via internal mail of the trade terminal or by e-mail provided at the time of registration of trading account.

5.6. In case of failure to reach an agreement through negotiations and correspondence within 3 (three) months from the date of the emergence of a dispute its further consideration will be directed towards the justiciability in accordance with the laws of the Belize.

6.1. Verification procedure is obligatory for the Client to perform financial operations.

6.2. The company has the right to request the Client to confirm his identity and information provided upon registration. For this, the Client shall provide an electronic copy, certified copy or notarized copy of a passport (at the discretion of the Company) as well as a document which proves the Client’s residence address.

6.3. In the case Client’s registration data (name, address or telephone number) have changed, the Client shall immediately notify the Company's customer service asking to change the data.

6.4. The Client acknowledges that the registration data, referred to them for opening an account can be used by the company in the fight against money laundering.

6.5. The Client is responsible for the authenticity of submitted documents (copies) and recognizes the right of the Company, in case of doubt about their authenticity, contact the law enforcement agencies of the issuer of the document to verify its authenticity and if it detects a falsification of the document, the Company has the right to place a hold on the account and conduct an investigation.

6.6. For verification, the Company has the right to request additional documents and photographs confirming the reality of the Client's identity, as well as to conduct video verification via Skype.

6.7. The Company does not provide the services for residents of the USA.

7.1. The company can use to communicate with the client:

• - Internal mail of the MetaTrader trading platform;
• - E-mail client provided upon registration;
• - Phone number client provided upon registration;
• - Postal address client provided upon registration;
• - Viber;
• - Through cpmpany News page at www.weltrade.com/company/news

The company will use the details specified by the customer provided upon registration. Client must notify the company of any changes in contact information within 3 business days.

7.2. Any correspondence (documents, announcements, notifications, confirmations, reports, etc.) will be considered as received by the client:

• - One hour after sending to client's e-mail address;
• - Immediately after sending the internal mail in the trading platform;
• - Immediately after the telephone conversation with the client;
• - 7 calendar days from the date of posting on the website;
• - Immediately after placing ads in the Company News page on its Web site.

8.1. Following agreement becomes effective as of its acceptance by the client.

8.2. This agreement will be terminated if following occurs:

• - In the case of expression of one of the parties wishes to terminate this Agreement;
• - In the case of a complete withdrawal of funds from client's trading account, which entails the termination of relations governed by the agreement;
• - In case of breach by the client the terms specified in the agreement, the company may terminate this agreement unilaterally by notifying the customer of such termination and returning in full the Customer's funds from his/her trading account at the time of termination.

8.3. If the Company terminates the activities regulated by the Agreement:

• - Company warns the customer for the month prior to such closing;
• - The Company shall pay the Customer the Customer's funds, which are on the account at the time of closing account.

8.4. In case of death of the Client:

• - The right to demand withdrawal of funds from the client's trading account becomes appropriate queue or the heirs of the heirs under a will;
• - The right to use trading account and the right to conduct operations in the financial markets by inheritance is not transmitted.

8.5. Customer agrees that the Company reserves the right at its sole discretion, suspend or discontinue all or part of the client's access the services of a subsequent notice by means of communication. In this case, this Agreement shall be terminated and company released from providing services to the Client.

9.1. All Clients of the Company can participate in the Loyalty Program after verification of the mobile phone number. The bigger your trading volume is, the higher your status in this program.

9.2. Status is updating on the first day of each month depending on the trading volume made since verification of the mobile phone number.

9.3. When calculating your status, only trades on the MetaTrader 4 accounts are considered.

9.4. Executed orders are not considered for turnover calculation matching the following conditions:

9.4.1. Difference between the opening and closing price is less than the MTP value of the corresponding instrument.

9.4.2. If the client opened offsetting locked position, the amount of which is equal to the previously open one, trade turnover accounted for 50% of each deal.

9.4.3. If the client opened offsetting locked position, the volume of which is not equal to the volume of previously open one, trade turnover of hedged volume accounted for 50% of each deal. Trade turnover of unhedged volume is considered in full.

9.5. The Company reserves the right to change the Loyalty Program terms, including the list and characteristics of privileges and statuses, as well as the size of payouts.

10.1. The Client can connect the trading account to the automated service, developed by the company ZuluTrade Ltd (hereinafter the “Service”).

10.2. The commission fee is 1.5 points per 1 lot.

10.3. ZuluTrade Ltd automated Service is merely the technical execution service of trade operations. By agreeing to use the Service, the Сlient provides Systemgates Ltd (hereinafter – the “Company”) with the right to execute the instructions and to enter into transactions on the client’s trading account in line with the instructions, which the Company receives from ZuluTrade Ltd, and the Company is not responsible and does not guarantee the potential profit of the systems, acquired through the use of the Service.

10.4. The Сlient understands and agrees with the fact, that The Company does not bear any responsibility and does not guarantee the potential profit, acquired through the use of the Service, and also for any losses incurred on the trading account and proposed amendments, operations, updates or upgrades for the client’s chosen system (Service). The Сlient understands that it is solely his responsibility – to monitor the trading account’s activity and status updates of his chosen system (Service).

10.5. The Сlient fully understands and agrees that the instructions are generated by ZuluTrade Ltd not the Company, and the Company only offers the execution of trade orders services and does not provide any recommendations, nor does it confirm the accuracy of the Service, provided by ZuluTrade Ltd.

10.6. The Сlient confirms that he has studied the principles behind the provision of the Service, and understands their purpose. The Сlient fully understands that he provides full access to his account to a third party (ZuluTrade Ltd) and cannot hold the Company responsible, in any way, for the mismatched and/or inappropriate provision of the Service.

10.7. The Company does not bear responsibility for any losses incurred on the Сlient trading account caused by a mechanical, software or a communication error, and also the system error, as well as any other influence outside of its direct control. The Сlient understands and agrees that the Company does not hold any responsibility for any consequences caused by the possible activity and/or inactivity of ZuluTrade Ltd or any other third party providing the Service, that lead to the inability to use the Service for the reasons that are out of control of the Company. The Сlient understands and agrees that it is entirely his responsibility - to monitor the trading activity on the account and to make independent trading decisions in case of any possible Service failures, particularly, when the reception of the Service trading signals stops.

10.8. This agreement releases the Company, as well as its brokers, agents, directors, shareholders, and employees from being responsible for any loss and / or other liability (including, but not exclusively from the corresponding costs of a lawyer / auditor) arising from the use of the given Service.

10.9. By using the given Service, the Сlient acknowledges that he has received, read and accepted this agreement concerning the appointment of rights, fully understands his responsibility, is aware of the risk of incurring financial losses because of trading on the foreign exchange market and agrees to all the terms stated above.

11.1. Credit bonus is only added to trading account.

11.2. Credit bonus is provided both after a direct funding of trading account and after a transfer from My Safe or from ZuluTrade, Pro, Crypto account.

11.3. If during the promotion period, a Client makes withdrawal from any account besides ZuluTrade, Pro, Crypto and then funds any of his accounts, besides ZuluTrade, Pro, Crypto the bonus will be calculated as the difference between funding and withdrawal.

11.4. If the client makes withdrawal, percent bonus funds (at first balance bonus funds, then credit bonus funds) is deducted from the trading account in proportion of 1:1, the proportion can be changed in the future. This condition applies to the total amount of percent bonus funds in account.

11.5. Transfer of funds between accounts (besides ZuluTrade, Pro, Crypto) is referred to as withdrawal and funding, therefore percent bonus funds is deducted from one account and added to another proportionally.

11.6. The Company has the right to refuse credit bonus supplement without explanation.

11.7. The Company has the right to cancel previously accrued credit bonus.

11.8. The Company reserves the right to request additional identification information from a client.

11.9. Credit bonus is not provided for ZuluTrade, Pro, Crypto accounts.

11.10. The maximum amount of current credit bonus on each Client's trading account cannot exceed 10 000 USD or its equivalent in another trading account currency.

12.1. Welcome Bonus is a fixed bonus, which has two types of charges:

12.1.1. Welcome Bonus $10 provides for a bonus of 10 USD and does not require depositing of the trading account;

12.1.2. Welcome Bonus $50 provides for a bonus of 50 USD when depositing trading account for at least 25 USD.

12.2. Welcome Bonus is credited only to Micro MT4 accounts.

12.3. Each new client of the Company has the right to receive deposit-free bonus only once.

12.4. To get Welcome Bonus $10 can all new Clients of the company after passing the verification procedure, which includes:

12.4.1. Automatic telephone number verification;

12.4.2. Loading a copy of the passport, as well as a document confirming the address of residence (photo or scan);

12.4.3. Authentication of the document by company security service.

12.5. Bonus funds are credited once to the account, on which there are no other bonuses.

12.6. Welcome Bonus is credited to the "Balance" field. The bonus is not available for withdrawal, but at the same time fully involved in the maintenance of free funds and margin level, including at drawdown (the Stop out level on the account does not change, but still corresponds to the level stated in the section "Trading instruments" on the Company's website).

12.7. In case the account is funded with the client's own funds, when receiving the Welcome Bonus, the amount of own deposit can be withdrawn without any restrictions.

12.8. The funds, earned in addition to the Welcome Bonus $50 (profit), are available for withdrawal after the orders with a total volume of at least 200 lots will be closed on the trading account (for Micro MT4 account), which is equivalent to 2 standard lots.

12.9. The funds, earned in addition to the Welcome Bonus $10 (profit), are available for withdrawal after the following conditions are fulfilled on the trading account:

12.9.1. Closed orders totaling at least 200 lots for a Micro MT4 account, which is equivalent to 2 standard lots;

12.9.2. From the moment when the Welcome Bonus $10 was received not less than 30 calendar days have passed.

12.10. When calculating total lot, the following conditions apply:

12.10.1. The orders are not taken into account if the difference between the opening and closing price is less than «MTP» the value of the corresponding instrument;

12.10.2. If the Client has opened a hedging locking order, the volume of which is equal to the previously opened one, 50% of each order is considered when calculating;

12.10.3. If the Client has opened a hedging locking order, the volume of which is not equal to the previously opened one, 50% of each order is accounted for. The remaining not hedged volume is taken into account in full;

12.10.4. If the Client has opened a hedging locking position on one trading instrument and the difference in points between the opening price of one transaction and the opening price of a hedging transaction with another type of execution (sell or buy) will be less than the value of «MTP» the corresponding instrument, the order data is not taken into account;

12.10.5. Orders, the duration of which is less than 2 minutes, are not considered.

12.11. If the bonus account has been funded with Client's own money, in the case of drawdown on the account, this amount will be lost first, prior bonus funds.

12.12. The Company reserves the right to debit the bonus funds and/or profits received from the bonus funds from the Client's account without prior notice and explanation of the reasons.

12.13. The company has the right to change the terms, as well as the list and features of the bonuses.

12.14. Deposit method “WELTRADE Voucher” is available in the personal area of each client only once. After activation of a voucher deposit method “WELTRADE Voucher” becomes unavailable.

13.1. Funds can be placed only in U.S. dollars and Euros.

13.2. Remuneration, which depends on the status in Loyalty Program, applies to all funds on the account. In case if there was no trading activity on any of the Client's trading accounts, the Company has the right to lower the remuneration, including the current calendar month.

13.3. Remuneration is converted at the average commercial rate calculated by company. The course can be adjusted at any time.

13.4. In the case of conversion of funds without the implementation of the minimum volume of transactions the Company is entitled to retain a commission of 2% of the amount. The minimum volume of transactions (lots) can not be less than 1% of the amount for conversion, this takes into account only the transaction between the previous and current conversions. For cent accounts the minimum volume of transactions increased by 100 times.

13.5. Funds kept are not eligible for bonus.

14.1. General rules.

14.1.1. The Contest is held on real accounts of Crypto type.

14.1.2. The Contest is open to all comers, regardless of nationality, sex, national origin. The contest is not open to employees of the Company, as well as their family members and relatives.

14.1.3. The dates of the registration in the Contest, the period of the Contest, the date of winners announcement, and the ratings of participants are published on the official contest page.

14.1.4. To activate the contest account the transfer of 400 USD from the safe box is needed on the contest section of the website personal area. To make this the safe box balance should be equal or exceed this amount.

14.1.5. All kind of trading and the use of any strategies including automated are allowed in the contest.

14.1.6. The Client can suspend the participation in the contest at any time by clicking “Close the account” button, the account balance will be transferred to the safe box after this action.

14.1.7. The Client can open a new contest account and continue trading at any time.

14.1.8. All funds on a contest Crypto account belong to the Client and remain in the Client’s possession without any limits.

14.2. The Prize Fund.

14.2.1. The prize fund of the Contest is $20000 and consists of two prize tables of $10000 each.

14.2.2. The prize fund is distributed among the winners by the Contest commission, in accordance with the position occupied in the participants ratings at the time of summing up the results by two rating systems: the size of the balance and the trade turnover. The ratings are generated automatically in real time by comparing the values of the “Balance” fields and the turnover of trades of the Contest participants.

14.2.3.The participants who hold the places from 1 to 20 by largest size of the balance and the participants who hold the places from 1 to 20 by largest trade turnover receive money prize according to the prize table:

14.2.4. By the Contest results, each participant can receive two prizes at the same time according to the place in the both ratings, by balance and by trade turnover. The prize funds are added to the safe box on the day of winners announcement and are available for withdrawal.

14.3. Registration.

14.3.1. At registration the Participant undertakes to provide the real personal data. All participants agree to publish on WELTRADE website their first and last name or nickname in the Contest, country of residence,the balance and the trade turnover of the contest account.

14.3.2. At registration the Participant opens a contest Crypto account (unique number and password is assigned) in the personal area of the website. The data obtained are used to login into trading platform MT4 or web-terminal to trade in the Contest. The Participants need to download and install trading platform on their computers in advance. If using other companies platform (based on MetaTrader 4), the Participant must specify in the settings our trade server address: dc1.weltrade.com:443 or dc2.weltrade.com:443.

14.3.3. Starting account balance and leverage is identical for all competitors:

- balance - 400 US dollars;

- leverage - 1:10.

14.3.4. The Participant is allowed to open only one contest account at a time. If the Participant is detected behind the management of several contest accounts (for example, trades on two or more contest accounts from the same IP address), the Participant can be disqualified during the contest or after its completion.

14.3.5. The Participant is allowed to re-enter the current contest from the personal website area.

14.4. Additional Terms.

14.4.1. During the Сompetition the number of complete transactions undertaken by the Participant shall not be less than 5.

14.4.2. Terms of transactions are fully complying with described in Section 4 of User Agreement for real trading accounts.

14.4.3. At the end of the contest all opened positions are forcibly closed at the current market prices, and the current value of gains/losses on them is reflected in the balance while the funds are transferred to the safe box.

14.4.4. Leverage can not be changed.

14.4.5. Trading operations on the contest Crypto accounts during the contest can be held with the use of any trading instruments available on the given type of account.

14.4.6. Trade turnover on the contest Crypto account is counted in the currency of the account, namely USD.

14.4.7. To receive a prize the winner has to fulfill the qualification requirements for turnover: at least 30,000 USD for the total period of the Contest.

14.4.8. With the closing of a contest account in the personal area of the website this account ceases to participate in all ratings.

14.5. Conducting and judging the Contest.

14.5.1. The contest commission of Weltrade is the judge of the Contest. The commission's decision shall be final and can not be appealed. 14.5.2. Participants who violate this Regulation shall be disqualified from the current contest. Disqualification from current contest does not preclude one from taking part in the next contest of traders.

14.5.3. All complaints, suggestions and questions arising from the Participants during the registration period, in the course of the contest, and in summing up its results, should be sent using the feedback form (the "Contacts") after authorization in trader's personal area, mandatory addressing the contest commission. All claims, questions and suggestions related to the Contest brought by other means or sent to other departments of the company, will not be accepted.

14.5.4. Shall not be accepted claims from the participants:

- related to the inability to perform operations in contest account due to poor quality of connection on the side of the Participant as well as on the side of WELTRADE providers;

- related to the quote levels in the trading platform MT4 or web-platform, except the cases of obvious errors.

14.5.5. Administration of WELTRADE has the right to suspend or terminate the Contest in case of technical problems on the side of providers servicing company’s equipment, or in case of the extreme circumstances that arise after the start of the contest, which the administration of the company could neither foresee nor prevent with reasonable measures.

14.5.6. Administration of Weltrade reserves the right to amend these rules, as the company will give advance notice to contest participants.

15.1. Only clients who have cooperated with the Company before the date of the promotion can receive bonus.

15.2. Company for internal criteria may prohibit certain clients to participate in this promotion.

15.3. Bonus cannot be cashed. All profit earned using the bonus can be cashed at any time.

15.4. If the bonus account is deposited with client's own funds, in the case of drawdown on the account, first of all his own funds are lost.

15.5. Company reserves the right to debit bonus amount from account without prior notice and explanation.

16.1. All the Clients can participate in the rebate service program after verification of the mobile phone number and acceptance of the Loyalty program terms.

16.2. The amount of payments according to program depends on the current status in the Company's Loyalty Program.

16.3. Calculation of payments occurs once a day taking into account deals executed over the past day.

16.4. When calculating payments orders that meet the following conditions are not considered.

• 16.4.1. If the difference between the opening and closing price is less than the MTP value of the corresponding instrument.
• 16.4.2. If a client opened offsetting locking position, which volume is equal to the volume of previously opened position, the size of payments is accounted for 50% of each deal.
• 16.4.3. If a client opened offsetting locking position, which volume does not equal to the volume of previously opened position, the amount of payments with the hedged volume is accounted for 50% of each trade. The amount of payments with uncovered volume is considered in full.
• 16.4.4. If a client opened offsetting locking position on one trading instrument and the difference in points between the opening price of one trade and the opening price of the trade with another type of execution (sell or buy) is less than the MTP value of the corresponding instrument.
• 16.4.5. Duration of which is less than 2 minutes.

16.5. The Company reserves the right not to charge payment from deals, margin for the opening of which was ensured only bonus funds. This rule can be applied to the already charged payments.

16.6. Currency of payments is USD.

16.7. Conversion into the currency of payments, USD, from other currencies of trading accounts occurs at the commercial rate of the Company. The exchange rate can be changed at any time depending on the current market situation.

16.8. Charged amount of payments can be transferred by the client to any trading account or safe box and used for trading or withdrawn to the payment system.

16.9. Upon detection of any manipulation or violation of the program conditions, the Company has the right, at its sole discretion, to deny participation of any client in the program and to cancel already charged according to the program payments.

16.10. The Company is entitled to change the size of payments under the program without prior notice, based on the current market situation.