2 USD in Cash Back for all Crude Oil Trades

Terms and Conditions

  1. This promotion is open to new and existing clients as well as Marketing Agents.
  2. All new clients must register with ICM Capital Limited (“ICM Capital”) and meet the compliance requirements for opening a live trading account and must be over 18 years old in order to take part in the 2 USD in Cash Rebate for all Crude Oil Trades (“2 USD Cash Rebate on Oil”) promotion.
  3. Trades should be placed during the promotion trading period in order to qualify for this promotion. Trading period starts Sunday 28th December 2014 and will end on market close 13th March 2015 . Any trades opened before or closed after these periods do not qualify for this promotion.
  4. 2 USD Cash Back will be issued on each round turn lot executed for any Spot Oil trade closed during the promotional period, up to a cap of USD 20,000. The 2 USD will instantly appear in the clients MT4 account as soon as the trade has been closed. This will continue until the promotion period ends and can be withdrawn any time.
  5. Withdrawal request can be made by the client at any time if none of these mentioned terms and conditions are violated.
  6. Any withdrawals of profit or cash rebate must be funded to a bank account which matches the ICM Capital account holder’s name.
  7. Only positions that are open for a minimum of 5 minutes will be included in the calculation of the cash back payment.
  8. Any orders closed by function of ‘Close By’ or ‘Close All’ will not be included in this promotion.
  9. Lots calculation will only include OTC Light Sweet Crude Oil Future or OTC Brent Crude Oil Future transactions.
  10. 'Lots' definition: a lot is defined as a completed opened and closed transaction. Micro lots will receive a fraction of the 2 USD Cash Rebate.
    Example
    0.01 lots will receive 2 cents
    0.2 lots will receive 40 cents
  11. If these terms are translated into a language other than English, then the English version of these terms shall prevail where there is an inconsistency.

Communication Delay

ICM Capital shall not be made liable for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.

Disentitlement

In cases of any indiscretion in trading, overleveraging, misuse of orders where "scalping", “sniping” or “hedging” may be involved, such transactions will not be taken into consideration and will be treated as illegal activity and may even be removed from participants accounts. ICM Capital reserves the right to disqualify any participant or cancel the trades found in violation of the trading rules or applying inappropriate trading strategies. Scalping defined as trade that was opened and closed within a very short period of time. Sniping defined as when the client trades on a delayed or “Stuck prices” on ICM Capital platform. Hedging means client over exposing his/her account with an opposite trade to an existing trade with the same trade volume with ICM Capital or another company to gain profit from deal terms.

Postponement or Cancellation

ICM Capital in its sole discretion, reserves the right to extend or postpone the promotion periods, to cancel the promotion and/or to reject any participant's application if determined that such action is reasonable and/or necessary.

Any account which gets liquidated or stopped out will result in all cash back being removed and the promotion terms starting anew.

If the equity falls below 0% the credit bonus will be utilised to adjust balances to zero.
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Promotion Terms

ICM Capital reserves the right to amend or waive any rule during and after this promotion. We may make changes to the Terms and Conditions and will notify you of these changes by posting the modified terms on the ICM Capital website.

These terms are dated: 1st March 2015.