The client’s trading equity is divided into 2: Client’s Balance and Credit (Bonus). Balance and Credit are combined to use as margin to support trading positions.
Realized profit and loss generated in trading are being credited/deducted to the client’s Balance.
Liquidation of trading positions goes by formula:The formula : Floating loss in P&L >= Balance
Example : Deposit of $1000, Bonus Credit USD880 will be given. Balance = $1000 Credit = $880 Total of $1880 can be used to support trading. If the position generate floating P/L -$1000, the position will be liquidated.
Bonus will be removed immediately when i) The client conducts withdrawal action ii) Account balance gone into 0 or negative
The Leverage allowed to the MT4 account under this promotion will be following Dynamic Leverage Tiering System:
By submitting the enrollment form to the promotion, you hereby acknowledge that you have read, understand and agreed to be bound by the Terms and Conditions.
LIRUNEX LIMITED reserves the right to take any action if any form of abuse or arbitrage is detected during the client’s trading, all the actions stated are transparent and shall inform the client immediately.
Lirunex Limited reserves the right to cancel trader status or trade which found to violate the trading rules or use of inappropriate trading strategies. Below are definitions including inappropriate trading strategies, but not limited to :
Scalping is defined as a trade that opens and closes for a short period.
Churning is defined as opening and close OR closing and opening of trades within a short period.
Sniping is defined as when the client trades when the price got delayed or a situation where “Price hanging or pending” on the LIRUNEX LIMITED platform.
Hedging defines when a client trades his/her trading account as opposed to an existing trade that is with a similar trading volume as LIRUNEX LIMITED or with an external company that may abuse the bonus on the account. In such a situation, LIRUNEX LIMITED reserves the right to cancel the trade, profit or loss from the offending trades and disable the accounts.
Lirunex Limited is not liable in any way, for any loss due to the trading conditions bound under the Terms and Conditions of this promotion.
Lirunex Limited reserves the rights on all matters concerning the promotion. All decisions are final and non-disputable.
Lirunex Limited reserves the right to change, modify, or amend the Terms and Conditionsat any time without prior notice.
LIRUNEX LIMITED reserves the right not to
pay IB any commission for any inappropriate trading strategies order that his/her client conducts, as mentioned on point (3) and for trades that execute in such manner for less than 3 minutes.
convert credit into balance – if the client conducts inappropriate trading strategies as mentioned at point (3) and for trades that execute in such a manner for less than 3 minutes.
You can withdraw the bonus after completing our volume requirement, which is calculated as follows: bonus credits/2 standard lots, i.e. to claim a 88% deposit bonus on a 200 USD deposit, the volume requirement will be 88 standard lots.