In this short article, we will just check the example of Avatrade bonus terms document. It is part of terms and conditions. Avatrade company wants to prevent any scam or bad behavior from clients. Some clients try to get a huge bonus a few times and then using hedging techniques tries to earn profit from these bonuses. It is forbidden.
In the Terms section we can read:
AvaTrade may elect to grant a benefit to Customer by depositing bonus amounts in Customer’s trading account, subject to certain terms and conditions as shall be determined by AvaTrade, at its sole discretion. Such bonus amounts may not be withdrawn by Customer unless Customer complies with the applicable trading requirements posted on AvaTrade’s website as may be amended from time to time or as communicated to Customer.
If AvaTrade suspects or has reason to believe that Customer has attempted fraudulent activity in order to claim a bonus, or any other promotion, AvaTrade reserves the right to:
1. Cancel or reject the bonus promotion, and any related Trading Agent bonus, at its sole discretion
2. To terminate Customer’s access to services provided by AvaTrade and/or terminate the contract between AvaTrade and the Customer for the provision of services, 3. To block Customer’s Account(s) and to arrange for the transfer of any unused balance to Customer. 9.3If AvaTrade suspects or has reason to believe that Customer has abused the terms and conditions of a bonus offer by hedging positions internally (using other trading accounts held with AvaTrade) or externally (using other trading accounts held with other brokers), AvaTrade reserves the right to cancel bonuses, and any trades or profits associated with Customer’s account(s)
Bonus promotions may be restricted in certain jurisdictions.
AvaTrade reserves the right to cancel or reject bonus promotions at its sole discretion.
Please visit PDF page Avatradebous terms and conditions.