Get a share of HotForex’s 2 million dollars cash prize pool. The bonus is available for withdrawal with no limit.
|Promotion Period||From May 1, 2020to December 31, 2020|
|Available to||All traders of HotForex|
Do you live in South Africa? Then please go to HotForex ZA (South Africa) main introduction page.
- HotForex 10 Years Anniversary Promotion
- What is HotForex 10 Years Anniversary Promotion?
- How to join the HotForex’s 10th Anniversary Promotion?
- How to calculate the Reward Rate with Free Margin
- Example of Reward Calculation
HotForex 10 Years Anniversary Promotion
HotForex celebrates its 10th anniversary with 2 million dollars reward for its traders.
See the main information of HotForex’s 10 Years Anniversary Promotion below.
|Available account||Micro, Premium, Auto, Zero, Platinum, HFCopy trading and Islamic Swap Free account|
|Promotion Period||Until the end of 2020|
|Maximum Reward Rate||2% on Free Margin Every Month|
|Maximum Reward Amount||Unlimited|
|Applicable Markets||Forex and Metals|
|Withdrawal of Bonus Reward||Available with no limit|
|Required Minimum Deposit||5,000 USD|
The promotion is available for all traders of HotForex.
What is HotForex 10 Years Anniversary Promotion?
In celebration of our ten years anniversary, we are offering YOU an exclusive monthly bonus from a total prize pool of $2,000,000!
From now until the end of 2020, earn a withdraw-able bonus every month of up to $3,000.
Simply by meeting the required targets.
HotForex has prepared 2 million dollars for this 10 Years Anniversary Promotion.
Traders will earn more by making higher and and trading more.
You will get up to 2% on your Free Margin.
The bonus rewards credited by this HotForex’s 10 Years Anniversary Promotion are available for trading and withdrawal with no limit.
How to join the HotForex’s 10th Anniversary Promotion?
To participate in HotForex’s 10th Anniversary Promotion, follow the simple steps below.
- Go to HotForex Official Website
- Open a live trading account
- Deposit at least $5,000
- Trade at least 5 standard lots
- Receive the Bonus Reward every month
- Trade or withdraw the Bonus Rewards as you want
HotForex’s 10 Years Anniversary Promotion runs until the end of 2020.
To be qualified for the rewards, you must trade at least 5 standard lots of Forex currency pairs or Precious Metals in the month.
The positions must be opened more than 3 minutes to be qualified for the bonus reward.
The reward will be paid to the applicable accounts in the first week of the next month.
How to calculate the Reward Rate with Free Margin
The amount of bonus reward is credited will depend on the amount of free margin you have in the account.
To be eligible for the reward, you must have more than 5,000 USD of Free Margin in the account every day.
The free margin is calculated according to the following formula.
Free Margin = Equity – Margin (used) – Bonus
And the return on Free Margin will be calculated as follows.
Return on Free Margin = Free Margin * (Rate of Return on Free Margin (%) / 100 / 365)
See the table below for the rate of return on free margin according to the account balance and trading volume.
|Free Margin||Less than 5 lots||From 5 to 100 lots||From 100 lots|
|From $5,000.01 to $50,000||No Reward||1% Return on Free Margin||1.5% Return on Free Margin|
|From $50,000||No Reward||1.5% Return on Free Margin||2% Return on Free Margin|
For more information about the calculation of the promotion, visit the official website of HotForex.
Example of Reward Calculation
Here is an example of bonus reward calculation of HotForex’s 10th Anniversary Promotion.
Cumulative Trading Volume equals to 13 lots and trading activity as per clause 3.6 is met.
Equity in the Trading Account(s) is 40,000 USD, used Margin is 3,000 USD (No bonuses).
In accordance with the formula, the amount of Free Margin equals to: 40,000 USD (Equity) – 3,000 USD (used Margin) = 37,000 USD (Free Margin)
In accordance with the formula, the amount of Return on Free Margin equals to: 37,000 USD (Free Margin) * (1 (% Rate of Return on Free Margin) /100/365) = 1.01 USD (Return on Free Margin)