24Option BONUS TERMS AND CONDITIONS. Last Updated on April 2017

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1 24Option BONUS TERMS AND CONDITIONS Last Updated on April 2017 Disclaimer: Due to regulatory restrictions, Rodeler Limited does no longer grant any bonuses to clients. The below terms and conditions shall apply until the expiration of the relevant bonus scheme already been granted to existing clients prior the imposition of the regulatory restriction. If a bonus is mistakenly credited, the bonus will be removed without prior notice. 1. The following Bonus terms are made and abide by and between: a) 24option, a brand owned and operated by Rodeler Limited, a Company duly registered under the Cyprus Company Law with Registration Number ΗΕ , authorised as a Cyprus Investment Firm by the Cyprus Securities and Exchange Commission CySEC with CIF License Number 207/13 and having its registered address at 39 Kolonakiou Street, Frema Plaza, 1st Floor 4103 Ayios Athanasios, Limassol, Cyprus (hereinafter 24option or the Company ) b) Every individual who registers with the Company and holds an active trading account and who accepts an offer from the Company to participate in any of its Bonus Programs (hereinafter the Client, You or Trader ). 2. Any references in this agreement to trader/s and/or client/s are regarded to the trader/s and/or client/s of 24option. 3. By opening an account on website, you accept and agree to also comply with the terms of this agreement. Moreover, by accepting the bonus terms, you are bound by its guidelines and provisions for the duration that your existing bonus is active. 4. The decision whether to offer a bonus to a prospective/potential client is clearly and indisputably at 24option s absolute and unreserved discretion. The Company will, as part of its fiduciary responsibilities, take into consideration any information you present to the Company during the application process, which includes, but is not limited to, your financial situation and your trading experience. 5. Trading benefits are intended for experienced traders. As per point 4 above, the Company may not directly offer such trading benefits to all Clients. If You are interested in receiving a trading bonus, you should carefully consider the Terms and Conditions below prior to requesting or accepting a bonus from the Company. 6. Any bonuses, promotions and benefits that are provided by 24option or any trading account are held under the Company s Terms and Conditions. Clients are expected to utilize 24option bonus in a rightful and justified manner, according to the terms and provisions of this agreement. Should 24option under any circumstance suspect any wrongdoing or deception, 24option reserves the right to cancel bonuses, promotions or benefits that have been provided or are supposed to be provided to the specified trading account. 24option reserves the right to close the client s account if it suspects any form of abuse or refrainment of the bonus by the client. Should this be the case, the Company s decisions shall be final. 1

2 7. Eligibility to receive Trading Benefits may be restricted to one per household, account, device or computer. 8. In addition to Trading Benefits offered by the Company, any Client who holds a real trading account with 24options will eligible to participate in the Trading Competition. Please read the competition s Terms and Conditions and FAQs to find out more specific information (click here). The Leader board will generally be updated on an hourly basis, however from time to time, this period may be extended. Any prizes will be added into customer s trading account and can be withdrawn subject to standard withdrawal requirements. 9. Without relation to periodic bonus programs offered by 24option, 24option offers the following trading benefit/bonus. The following items are subject to limited supply: 1. Technology Bonus I (IPAD) In order to qualify and receive the device a minimum deposit of EUR 25,000 (twenty five thousand EURO) or equivalent of new funds must be made to your trading account and a minimum of EUR 50,000 (fifty thousand EURO) in trading volume must be reached. 2. Technology Bonus II (MacBook) In order to qualify and receive the device a minimum deposit of EUR 50,000 of equivalent of new funds must be made to your trading account and a minimum of one hundred thousand EURO in trading volume must be reached. 3. $24 New Account Bonus For Mobile Application Any Individual who downloads the 24option mobile application and registers for an account is eligible for a $24 bonus. The funds will automatically be credited to the new account upon registration. This is not a Cash offer by the Company or intended to be a Cash offer. This initial bonus offer is intended to allow new users of the mobile platform the opportunity to test the trading prior to making a deposit. Existing users of the mobile platform are not eligible for this bonus. Therefore, this bonus and its profits are not eligible for withdrawal until the user activates this account by completing the Account Verification process as per the Company s Terms and Conditions, makes an initial minimum deposit into this trading account within one (1) hour of receiving the bonus and reaches a minimum trading volume of 75x the bonus amount. Limit of one (1) new account and one (1) $24 bonus per client. 4. Cash Bonus - 24Option may offer to a trader a Cash Bonus of a certain amount. The amount is agreed with the trader and may differ from trader to trader. The bonus amount is usually associated with the amount deposited by the trader but this may not always be the case. The bonus amount may also be subject to the different trading benefits promotions that may be active at the given point in time. 5. Risk Free Trade 24option may offer a special Risk Free Trade promotion from time to time. A Risk Free trade allows a trader the opportunity to open any trade whose amount is less than or equal to 50% of the deposited amount ( Trade Amount ) if certain conditions are met: 1. the trader notifies the account manager prior to opening the position and 2. the 2

3 Trader agrees to receive the Trade Amount as a Cash Bonus. The Cash Bonus will have a minimum trading volume requirement of 50x times. For example, if $1,000 is deposited in a trading account, the trader will be eligible to open one (1) position up to a Trade Amount of $500 as a Risk Free trade after he advices the Account Manager of his intent. If the trade closes in the money, the trader will receive the invested amount plus the return amount as normal; however, if the trade closes out of the money, the trader will receive a $500 bonus to his trading account. As soon as he trades $25,000 (=$500 * 50x) in Cumulative Trading Volume the Cash Bonus will automatically become available for withdrawal. *We do not offer this bonus for new clients. 6. Money-back guarantee on 1st trade - 24Option may offer to a trader a Cash Back of an amount up to USD 50, EUR 50, GBP 50, YEN 5500, CHF 50, RUB 3400, YUAN 330, TRY 150, BRL 180 (hereinafter and for this promotion USD 50 or equivalent ). The Money-back guarantee on 1st trade promotion applies only to 1st time depositors of 24Option who meet the minimum deposit requirement of USD 250 or equivalent. The Money-back guarantee on 1st trade promotion allows the eligible trader the opportunity to be refunded back to his/her account with 24Option an amount of up to USD 50 or equivalent in case he/she lost in his 1st trade following his/her 1st deposit. The refunded amount shall be readily available for withdrawal or further trading in his/her account with 24Option. The Money-Back guarantee on 1st trade is applicable only to the 1st trade following a 1st time deposit made within the period that the promotion is offered and cannot be carried over to the next trades in case the 1st trade is a winning one. Traders wishing to take advantage of the Money-back guarantee on 1st trade promotion, should notify their account manager or a customer support representative of their intention, prior to proceeding to their 1st trade. In case the trader is eligible to receive both a bonus and a Money-back guarantee on 1st trade, then the Money-back guarantee on 1st trade shall be used first and the bonus shall be granted on the trader s account balance following the Money-back on 1st trade. Examples: A. If the amount of the 1st trade is USD 50 or equivalent and the trade is lost then there shall be a full refund of the amount lost (i.e. USD 50 or equivalent) B. If the amount of the 1st trade is below USD 50 or equivalent (e.g. USD 25) or equivalent and the trade is lost then there shall be a full refund of the amount lost (i.e. USD 25) C. If the amount of the 1st trade is above USD 50 or equivalent and the trade is lost then there shall be a maximum refund of USD 50 or equivalent. For example: If the amount of the 1st trade is USD 100 and the trade is lost then there shall be a maximum refund of USD 50 If the amount of the 1st trade is USD 2000 and the trade is lost then there shall be a maximum refund of USD 50 3

4 *As of 19 October 2016, the Money-back guarantee on 1st trade bonus program is no longer offered. 7. General Gift items: The Company may offer gifts to new and/or existing Traders from time to time. Such gifts shall not be in the form of cash or bonus (trading benefit). The Company shall make publicly available on its website and/or electronically and/or promote through its advertising campaigns, the characteristics of the promotions to be run each time and the minimum requirements (see below the types of conditions) that need to be met in order for the Traders to be eligible for the gifts. The Company reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the promotions, or any aspect of the promotions at any time. Within 3 days after the end of each promotion, the eligible winners will be notified by and/or telephone and/or Company's website- to the /telephone they have specified during registration- accordingly. Gifts shall be awarded at the Company s discretion. Conditions: 1. New and/or existing Traders requirements: Each promotion may be addressed to new or existing Traders only or both. 2. Minimum Deposit Requirement: Each promotion may require a minimum deposit to be made by the Trader during the promotional period for which the offer shall be valid in order for him/her to be eligible for the gift. 3. Minimum Trading Volume Requirements: Each promotion may require a minimum trading volume to be achieved during the promotional period for which the offer shall be valid in order for him/her to be eligible for the gift. The Minimum Trading Volume Requirement refers to the minimum sum of the individual transactions that the Trader must enter in order to be eligible to receive the gift. For example, if a Trader agrees to receive a gift at the value of one thousand ($1,000) with a multiplier of 50x, the Minimum Trading Volume Requirements will be set at fifty thousand ($50,000). The Trading Volume is the aggregated sum of the invested amount. In case there is an active bonus in the account then the percentage of the invested amount attributed to the bonus shall not be considered in the calculation for the Minimum Trading Volume Requirement. 10. Withdrawal Requests While Bonus is Active: 24option does not wish to restrict your account during the period in which you have not met trading volume requirements related to your bonus. 4

5 Thus, if you request a withdrawal prior to achieving the minimum trading volume requirement, the full amount of all active bonus(es) will be deducted from the current balance of the account along with trading Profit/Losses connected to the bonus issued by the Company, in accordance with the Company s Symmetrical Bonus Method protocols, as described in detail below. You will then be able to manage the remaining balance in your account freely. 11. Withdrawal Requests While Positions Are Open: 24option reserves the right to delay the processing of your withdrawal request until all Open Positions are closed. Thus, you must ensure that all Open Positions are closed/settled prior to submitting your withdrawal request. 12. Your participation in the Promotion is deemed to constitute your agreement that we may use your name, likeness or image for promotional purposes on our website or elsewhere without the requirement for any payment and you expressly waive any claims against us in this regard should you win the Bonus. 13. These terms and conditions and any matters relating hereto shall be governed by and construed in accordance with the laws of Cyprus and shall be subject to the exclusive jurisdiction of the Cypriot courts. General Description of the Symmetrical Bonus Method: 1. Effective, 26 th July 2015, the Company implemented a new methodology for calculating the allocation of Profit and Loss of trades that occur in accounts with an active cash bonus. For sake of clarification, please consider the following terms: Account Bonus Balance refers to the portion of the Total Value of Your Account that is unavailable for withdrawal until the Minimum Trading Volume is achieved. This amount is calculated by adding the Active Bonus plus its Proportional Value of trading Profit and Loss. Account Cash Balance refers to the portion of the Total Value of Your Account that is available for withdrawal at any time. This amount is calculated by adding the Net Deposits plus their Proportional Value of trading Profit and Loss. Account Summary shall refer to the My Account section of the Trading Platform where a Client can see in real time the Account Cash Balance, Account Bonus Balance, Total Cost of Your Open Positions, and Total Value of Your Account. Active Bonus shall refer to a Trading Benefit of a specific bonus amount that is deposited into a trading account that has a Minimum Trading Volume requirement, which is agreed upon between the Company and the Client. In certain cases where a Client has more than one (1) active bonus, all bonuses will be aggregated and treated as one (1) active bonus. Balance for Withdrawal shall mean Account Cash Balance. Cumulative Trading Volume refers to the aggregate volume of Transactions that the client entered into until a specific date. 5

6 Minimum Trading Volume shall refer to the minimum number of Transactions that the Client must enter into in order to convert a bonus into Cash. Net Deposits is the amount of Deposits minus Withdrawals plus Trading Profit and Loss generated prior entering into the Bonus Scheme. Open Positions shall mean any open option contract (call and / or put) which has not been closed. In relation to CFD trading this may be a Long Position or a Short Position which is not a Completed Transaction. Proportional Value is calculated by dividing the Net Deposits by the Net Deposits plus Bonus in order to determine the percentage of the Profit and Loss from trading that will be attributed to the deposits (in order to establish the Account Cash Balance ), while there is still an active bonus. 100 minus the Proportional Value determine the percentage of the Profit and Loss from trading that will be attributed to the bonus (in order to establish the Account Bonus Balance). Examples of how to calculate the Proportional Value can be found below. Symmetrical Bonus Method is the process where the Company attributes profit and loss according to a Proportional Value. Time Restriction is not relevant since the Client is not required to achieve the Minimum Trading Volume within a certain amount of time. For inactive accounts, a Dormancy Fee shall apply. Total Cost of Your Open Positions refers to the value of all open Orders in the system. Total Value of Your Account refers to the Account Cash Balance + Account Bonus Balance + Total Cost of Your Open Positions. Trading Volume Requirement shall refer to numerical multiplier used to calculate the Minimum Trading Volume. This multiplier can be up to fifty (50) times the bonus amount. For example, if a Client agrees to receive a $1,000 bonus with a multiplier of 50x, the Minimum Trading Volume will be fifty thousand ($50,000) in Binary Options Orders and sixty-two thousand five hundred ($62,500) in CFDs Orders. This means that every dollar ($1) traded in Binary Options is equal to $1.25 in CFDs and every dollar ($1) in CFDs is equal to $0.80 in Binary Options. Example: Initial Trading Volume Requirement Binary Options Trading CFDs Trading $50,000 $62,500 If a trading account is used for trading both Binary Options and CFDs then the Trading Volume Requirement for both Binary Options and CFDs shall be adjusted every time an order is placed as follows: If Binary Options Order of $1,000 If CFDs Order of $1,000 Trading Volume Requirement as adjusted after an Order is closed Binary Options CFDs Trading $49,000 $61,250 ($50,000-$1,000) ($62,500-$1,250) $49,200 ($50,000-$800) $61,500 ($62,500-$1,000) 6

7 As soon as the Trading Volume Requirement for both Binary Options and CFDs Trading is zeroed the Client shall be qualified to receive the award associated with the bonus granted. 2. Proportional Trading Volume Example 1 One Deposit + One Bonus* In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 50x. The client places 1 order per day and executes 10 orders on his account. As per the chart below, the client will be eligible to withdraw $5,200 at the time of his last withdrawal, which includes his initial deposit of $5,000 plus $200 in profit, since there is Minimum Trading Volume of $200,000 that was not achieved yet. 3. Proportional Trading Volume Example 2 One Deposit + One Bonus (With Withdrawal)* In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 50x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders or withdraw. It is should be noted that all future profits and losses will be applied to the Client since he no longer has an Active Bonus. 4. Proportional Trading Volume Example 3 One Deposit + One Bonus (Trading Volume Achieved)* In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 50x. As per the chart below, the Client achieves the Minimum Trading Volume after the 10 th Order and therefore the Account Bonus Balance was converted to Cash and it became immediately available for Withdrawal. 7

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9 5. Proportional Trading Volume Example 4 Two Deposits + Two Bonuses* In the example below, the Client agrees to a 100% Bonus on his Deposit with a Trading Volume Requirement of 50x. The client requests a withdrawal of $2,000 after placing 4 Orders on his account. As per the chart below, the Active Bonus of $5,000 in addition to $150 in Profit that was attributed as Proportional Value was cancelled when the Client requested a withdrawal prior to achieving the Minimum Trading Volume. Following these transactions, the Client is left with $3,150 to place orders. The Client then places an additional Order where he loses $2,000. With a low balance, the Client decides to make another deposit and he requests another 100% bonus. Since the first bonus was cancelled when he withdrew funds, the Minimum Trading Volume and Volume Outstanding requirements were calculated on the 2 nd bonus. 6. Proportional Trading Volume Example 5 One Deposit + One Bonus (Account Closes with Losses)* In the example below, the Client agrees to a $100 Bonus on his Deposit with a Trading Volume Requirement of 50x. As per the chart below, the Client loses 6 of 8 trades and decides to close his trading account. Since all profit and losses are divided according to the Proportional Value, the total losses of $274 were shared between the deposit (trader) and the bonus. Therefore, the client withdraw $272 from the account (= ). *Bonus Examples are provided for illustration purposes only. In specific, Trading Volume is aggregated based on the Invested Amount only and does not include Profits/Returns in the calculation. For simplicity and ease, you can always check your updated activity via the Trade History tab within the My Account section. GENERAL RISK WARNING: TRADING IN BINARY OPTIONS AND CFDs CARRIES A HIGH LEVEL OF RISK AND CAN RESULT IN THE LOSS OF ALL OF YOUR INVESTMENT. AS SUCH, BINARY OPTIONS AND CFDs MAY NOT BE APPROPRIATE FOR ALL INVESTORS. YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE. BEFORE DECIDING TO TRADE, YOU SHOULD BECOME AWARE OF ALL THE RISKS ASSOCIATED WITH BINARY OPTIONS AND CFDs TRADING, AND SEEK ADVICE FROM AN INDEPENDENT AND SUITABLY LICENSED FINANCIAL ADVISOR. UNDER NO CIRCUMSTANCES SHALL WE HAVE ANY LIABILITY TO ANY PERSON OR ENTITY FOR (A) ANY LOSS OR DAMAGE IN WHOLE OR PART CAUSED BY, RESULTING FROM, OR RELATING TO ANY TRANSACTIONS RELATED TO BINARY OPTIONS AND CFDs OR (B) ANY DIRECT, INDIRECT, SPECIAL, CONSEQUENTIAL OR INCIDENTAL DAMAGES WHATSOEVER. FOR MORE INFORMATION ABOUT THE RISKS ASSOCIATED WITH TRADING BINARY OPTIONS AND CFDs CLICK HERE. 9