Bonus Policy Agreement

Preamble

This Bonus Policy Agreement (the “Agreement”) is entered into by and between the undersigned Account Holder (“Client”) and Banxso Proprietary Limited (“Banxso” or the “Company”), a private company registered under South African law (Registration No. 2021/119980/07; License Number: 37699), with its principal business address located at 117 Strand Street, Cape Town, 8001, South Africa. This Agreement governs the conditions under which bonuses are awarded and managed within the Client’s trading account through Banxso’s website, www.banxso.com (the “Website”).

1. Acceptance of Terms

By marking the designated checkboxes and providing the required details below, I, the undersigned, irrevocably confirm that:

• I am the lawful owner of the trading account with Banxso, identified by the account number provided herein.
• I consent to receive the specified bonus (the “Bonus”) into my account, acknowledging my understanding and agreement to the Bonus Terms outlined on the Website and attached hereto as Annex 1, forming an integral part of this Agreement.
• I recognize that withdrawal of the Bonus is contingent upon achieving the Required Volume, as defined in the Bonus Terms. I am aware that any withdrawal attempt before meeting the Required Volume may result in the forfeiture of the Bonus.
• I am fully cognizant of the risks associated with leveraged trading and the implications of receiving the Bonus into my trading account. I understand that trading CFD’s entails a substantial risk of losing all my invested capital.
• I acknowledge that the application and utilization of the Bonus are also subject to Banxso’s General Terms and Conditions, to which I have previously agreed.
  
  

2. Bonus Award and Conditions

• The Bonus is offered by Banxso to its clients under specific conditions outlined in the Bonus Terms. These conditions are activated upon the Client’s acceptance of the Bonus Application or by accepting a Bonus into the trading account.
• The Bonus serves as an additional trading leverage, and I acknowledge the heightened risks involved. Banxso advises against accepting a Bonus without a full understanding of these risks.

3. Bonus Promotions and Withdrawal Policy

• Banxso reserves the right, at its sole discretion, to amend, terminate, or deny any Bonus promotion without prior notice. The Bonus is not available for withdrawal until the Client meets the Required Volume stipulated in the Bonus Terms.
• Should the Client’s Available Balance reach zero or become negative without meeting the Required Volume, Banxso reserves the right, at its sole discretion, to cancel the Bonus and remove it from the account.

4. Term and Termination

• All Bonus amounts credited to a client trading account will be available for a period of 90 days and thereafter automatically expire.
• It is important to note that the removal of the bonus might cause any positions at the time of the removal to stop out and additionally impact your free margin.

• Upon expiration of this term or upon initiation of a withdrawal request, the Bonus may be automatically removed from the account, potentially affecting the account’s status and open trading positions.

5. Fraudulent Activity and Policy Modifications

• Banxso reserves the right to cancel the Bonus and terminate the Client’s access to services in the event of fraud, manipulation, or other deceitful activities. The Company may modify or update the Bonus Terms at any time, with changes effective upon posting on the Website.

6. Governing Terms

• This Agreement and the provision of the Bonus are subject to the Company’s General Terms and Conditions as posted on the Website.