Withdraw profit of bonuses

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NAGA Trader

NAGA Trader offers several different bonuses. In order to be able to withdraw the bonus or profits made from it - the bonus needs to be unlocked.

In all cases where the bonus needs to be unlocked, the user needs to fulfill the requirements of their achieved bonuses. Once the bonus is unlocked, the credited amount will be transferred to the balance without any limitations to withdraw the bonus or the profits.

Those requirements contain:

  • Volume (lots)
  • Roundturns
  • Amount of own money deposited - Will determine the credit ratio (CR) and is used when a user wants to withdraw profits when still having locked bonuses in his/her trading account.

The bonus credited with a title of retention to a Live account of the User can be withdrawn/unlocked after, among other things, the following conditions are met in full:

a) For every 5 USD in bonus received, the user needs to trade a volume of 100,000 USD on his Live Account to be able to withdraw the 5 USD;

b) For every 5 USD in bonus received, at least 5 Roundturn Trades have been completed on the Live Account of the User. Roundturn Trade means a position opening and closing of this opened position with a distance of time of at least 4 (four) seconds between an opening and closing the position. 

Only after that, the User shall be able to withdraw 5 USD.

 


Withdrawals

The user can always withdraw from his trading account his Equity, discounting any credits, capped at his net deposits, without any constraints. Net deposits shall mean any deposits made by the client and cleared by the Brokerage Services Company, discounting any withdrawals and adding any unlocked bonuses. The following rules apply when the client wants to withdraw the generated profits from his trading account. The withdrawable amount from profits is calculated based on the Credit Ratio (CR). Credit is the amount you receive through bonus payments (sharing, recommendations, deposit bonus etc.). 

Credit Ratio is the ratio between the Credit amount and Net Profits generated (CR = (Credit/Net Profits) *100).

In order to be able to withdraw the following rules should apply:

  • CR should be lower than 20%
  • CR should remain capped at 20% at all times
  • Withdrawable amount of profits is the positive amount calculated as follows:

Withdrawable amount = MAX {Profits (Credit * 5),0} **

** (In any case the withdrawable amount is the amount that leaves the margin level of the trading account above 150%)


The following examples provide a better understanding regarding the aforementioned rules:

Example 1
Net deposit: 2,000 EUR
Credit (Bonus): 50 EUR
Profit from trading: 150 EUR
Equity: 2,200 EUR
Available amount: 2,000 EUR
CR = (50/150) *100 = 33.3% > 20%

Withdrawable amount from profits = MAX {150 (50*5) =-100,0} = 0 EUR. You cannot withdraw since the withdrawable amount should be positive. The available amount is withdrawable at any time. 

Example 2
Net deposit: 2,000 EUR
Credit (Bonus): 50 EUR
Profit from trading: 300 EUR
Equity: 2,350 EUR
Available amount: 2,000 EUR
CR = (50/300) *100 = 16.6% <20%

Withdrawable amount from profits = MAX {300 (5*50) =50,0} =50 EUR. The available amount is withdrawable at any time.

Example 3
Net deposit: 2,000EUR
Credit (Bonus): 50 EUR
Loss from trading: -500 EUR
Equity: 1,550 EUR
Available amount: 1,500EUR (Equity < Net Deposit)
CR: N/A since no Profits

Withdrawable amount from profits = MAX {-500 (5*50) =-750,0} =0 EUR. The available amount is withdrawable at any time. 

Example 4
Net deposit: 0 EUR
Credit (Bonus): 100 EUR
Profit from trading: 150 EUR
Equity: 250 EUR
Available amount: 0EUR (since Net Deposit = 0)
CR: 66.6%
Withdrawable amount from profits = MAX {150 (5*100) =-350,0} =0 EUR. 

The available amount is withdrawable at any time. 

Example 5
Net deposit: 0 EUR
Credit (Bonus): 100 EUR
Profit from trading: 1,000 EUR
Equity: 1,100 EUR
Available amount: 0 EUR (since Net Deposit = 0)
CR: 10%

Withdrawable amount from profits = MAX {1,000 (5*100) =500,0} =500 EUR. The available amount is withdrawable at any time.

Example 6
Net deposit: 0 EUR
Credit (Bonus): 100 EUR
Loss from trading: -50 EUR
Equity: 50 EUR
Available amount: 0 EUR (since Net Deposit = 0)
CR: N/A since no Profits 

Withdrawable amount from profits = MAX {-50 (5*100) =-550,0} = 0 EUR. The available amount is withdrawable at any time.

 

Please find more information about the NAGA Trader Bonus Structure in our T&C

 

 


 

If you need further assistance, please do not hesitate to contact our staff.

1055095-512.png    Did you know? 

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