Interest on Deposit
Interest on Deposit is a one of a kind service that rewards professional traders for their trading activity and successful performance on the international currency market.
Benefits
- Receive large incentive bonuses in accordance to your account size
- Interest bonuses of 5% are offered to all Platinum accounts, 6.5% is offered to Diamond accounts and 8% to Exclusive accounts.
- “Interest on Deposit” bonuses will make your trading more effective.
Terms and conditions of depositing interest on deposit
- The interest is calculated (but not paid) every business dealing day at the end of the trading session, if there is one or more open trading position created at least 30 minutes before the end of the trading session;
- The interest is calculated with consideration of the deposit of the trader at the end of trading session, taking nonwithdrawable funds into account, and for ExpertFX live accounts – taking the profit for opened positions fixed at the end of trading session into account as well.
- The daily interest is calculated with consideration of the yearly interest, which depends on the services level that the client receives at the time of calculation.
- The interest is determined according to the following table:
Platinum Diamond Exclusive Annual interest 5% 6.5% 8% Minimum Size of Open Positions 100,000 500,000 5,000,000 - It’s obligatory that traders have one or more positions opened, which have been initiated no later than 30 minutes before the end of the trading session. The minimum trade size for these open positions is listed in the table above. The total volume of the trades includes positions held in all of a client’s trade account. CFD positions’ volume is calculated in dollars. If the volume of the open positions is less than the required volume, no daily interest will be accrued.
- Calculated interest is recorded and summed up. The client can always see the accumulated interest when viewing live accounts.
- Accrued interest is funded to the relevant account as a non-withdrawable deposit once a quarter.
- The countdown of the quarter (90 consecutive days) period will start when the client activates the service or from the moment any funds are withdrawn from the deposit.
- Upon withdrawing any funds from deposit, all accumulated quarter interest will be set to zero on all accounts of the trader.
- Transferring funds from one account to another does not count as a withdrawal and does not nullify the accumulated interest. Expenses for sms-notices and other service payments are not counted as withdrawals as well. The accumulated quarter interest is nullified only in the event that the client withdraws funds directly from any of his trading accounts.
- FOREX CLUB does not perform banking services, does not accept funds for savings and does not participate in any money laundering schemes. The “Interest on Deposit” service is available to the company’s regular and active traders, to whom we provide the best and most comfortable conditions for active performance on the forex market. Forex Club has the right to cancel the funding of interest to holders of inactive accounts without explanation.
Terms and conditions of activation
- Interest on Deposit is available for Platinum, Diamond and Exclusive accounts
- To join the program, please enter the Live Account Management system and click the “Activate” button in the table of available services in Services Packages tab.
- If you unsubscribe from Platinum, Diamond and Exclusive services packages, daily deposit of interest will stop, but the interest already deposited will not be nullified, no matter what deposit level the trader has at the time of funding the accumulated quarter interest. Additionally, traders do not have to activate the service again in the event that they receive Platinum, Diamond and Exclusive services packages at a later date.
