Cash Back Program
Terms & Conditions

Banxso reserves the right to change and/or update and/or cancel the cash back calculations at any time, and for any reason whatsoever, by posting the new cash back calculations on the Website and/or removing the cash back calculations from the Website. Banxso will not be held responsible in any way whatsoever for Client’s failure to act in accordance and comply with the cash back calculation Terms and/or to adhere to any changes made to cash back calculations.

The Cashback plan will be multiplied in accordance with the clients specific account type as per the summary available at Banxso account type summary.

Qualifying criteria

• The program will be applied only for accounts with a positive real Equity at the calculation date – 1^st of every month.
  
  Real Equity = Account Equity – Account Credit.
  
  
• The assets that form part of the Cash back program will be published on the Banxso website and Banxso reserves the right to change and/or update and/or cancel the cash back calculations at any time, and for any reason whatsoever according to Banxso’s discretion.
• when calculating the cash back amount is based off the deposit amount, the credit amount and any profits made by the client. 

The qualifying volume is based on the total amount of trading volume nominated in USD which includes all open and Closed volume divided by 2.

Exclusions and disqualifications for a cash back

By accessing the Platform and placing trades, you agree not to use the platforms in an abusive way by lag trading and/or usage of server latency, price manipulation, and similar practices which fall under the definition of market abuse Such practices may include, but not limited to the following: a) Take and/or engage in any action with the purpose of manipulating the Company’s quoted prices; b) Take and/or engage in any action with the purpose of manipulating the Company’s execution policy; c) Take and/or engage in any action with the purpose of manipulating the Company’s Trading Platform(s).

d) Place orders on the basis of privileged confidential information (i.e. insider trading); e) Place orders on the of manipulated Prices as a result of system errors and/or system malfunctions; f) Engage in coordinated transactions by related parties in order to take advantage of systems errors and/or delays on systems updates.

g) Engage in arbitrage trading, such as “Swap Arbitrage” “Latency Arbitrage” and/or “Bonus Arbitrage”;

h) Engage in unusual transactions such as scalping and/or enter into positions for an arbitrarily short period of time and/or exhibit trading patterns involving what Banxso considers to be sudden and significant changes in trading volume;

• Allow a third party, which has not been notified to Banxso as an authorized person and who is not the Account holder, to trade on the Client’s account.
  If any of the above-mentioned abusive trading techniques and/or other abusive trading techniques are identified within your trading account Banxso reserves the right to:

• • cancel your trading
  • reclaim from the Client’s account any historic trading profits that have been gained through such abuse at any time; and/or
  • terminate the account immediately according to the Company’s Terms and
  • Immediately disqualify the client from receiving any cash back from the program.

If a client is suspected of abusing any of the above-mentioned clauses, then the cash back program obligation will not be fulfilled, and the client might be asked to close their account, all under the Company’s sole discretion.

Inactive trading accounts will not qualify for the cash back program.

In the event of a dispute, Banxso Pty (Ltd) will deal with the dispute in a fair manner. Once a decision has been reached by Banxso Pty (Ltd) the decision will be final.

The client has acknowledged that he understands that trading CFD products do carry risk and that they have been informed of these risks multiple times upon opening the account with Banxso.

Banxso has the right at its sole discretion to amend, remove, change, or terminate the cash back program at any time without prior notice.

Acknowledgement

I                                 , the undersigned, acknowledge and agree to the above Terms governing the

cash back program as enforced by Banxso, an authorised financial service provider, FSP 37699.

Name and surname                                                                                                   

Trading account                                                                                                           

ID Number                                                                                                                  

Signature                                                                                                                     

Date                                                                                                                            

Last updated: 27/05/2024