50% Rescue Bonus - Terms and Conditions

1.Citizen offers a 50% Rescue Bonus Offer to its Clients, subject to the terms and conditions outlined in the present document.

2.When client opens a trading account and applying for this this Offer, the Client acknowledges that he has read and agreed to be bound by these terms and conditions explained in the Citizen website.

3.This Offer is available from 15th of February 2023 for an indefinite period of time. This 50% Rescue Bonus Offer supercedes all previous Rescue Bonus promotions and no further Rescue Bonus will be provided on any previous promotions. This Offer only applies for Clients who opened an account through www.Citizenmarkets.com.

4.Citizen reserves the right to terminate the Offer referred to within these Terms and Conditions at any given time during which the Offer is in effect.

terms_condition

5.In order to be eligible for this Offer, the Client must satisfy each of the following requirements:

  • 5.1 the Client must act in good faith in applying for this Offer
  • 5.2 the Client must have authorised any application to Citizen for this Offer
  • 5.3 the Client must provide true and accurate details and information in connection with this Offer, including without limitation the Client's telephone contact details
  • 5.4 the Client must not have previously obtained this Offer (regardless of the number of accounts which the Client maintains with Citizen)
  • 5.5 the Client must use an Citizen account other than an STP/ECN account, a zero fixed spread account, a vantage account, or a privilege account
  • 5.6 the Client must not be an employee or partner of Citizen.
  • 5.7 The Client must never have participated in Abusive Behaviour (as defined in paragraph 5 below) in relation to any other offer or promotion made by Citizen.
  • 5.8 The Client must not be associated with any person who has participated in Abusive Behaviour (as defined in paragraph 5 below) in relation to any other offer or promotion made by Citizen

6.This Offer, and the retention of the Offer by the Client, is conditional on the Client complying with the Citizen Terms of Business and on the Client meeting the following conditions at all times:

  • 6.1 the Client acts in good faith in relation to this Offer
  • 6.2 the Client does not participate in any abuse, improper conduct, or attempted abuse or improper conduct in relation to this Offer or, in either case, any previous abuse or improper conduct in relation to a previous similar Offer or promotion by the Client (together, "Abusive Behaviour").
  • 6.3 Abusive Behaviour includes the following:
  • 6.3.1 Giving instructions on behalf of a Client without due or proper authority;
  • 6.3.2 Repeatedly failing to respond to an email for a period of 15 days or more
  • 6.3.3 The Client, by himself or acting with others (including an Introducing Broker), establishing a trading position or positions which have the purpose or effect of extracting the credit provided, and/or the profits generated by the Rescue Bonus, without exposure to economic risk, including without limitation loss of the Sharing Bonus or the Client's capital (or the capital of others)
  • 6.3.4 the Client, by himself or acting with others, having an account or accounts where the accumulated Rescue Bonus or bonuses from other offers or promotions in the account is greater than the amount which could have been accumulated if the Client and such others had complied with the terms and conditions of this Offer and such other offers or promotions based on the specific offer(s) or promotion(s) in which the Client has participated or is participating
  • 6.3.5 the Client hedging his positions including, without limitation, by holding open position(s) on the oppositeof a trade, including, by way of illustration only, through use of a single or correlated currencies, at given periods, internally (using other trading accounts held with Citizen) or externally (using other trading accounts held with other brokers)

7.Subject to Citizen Terms of Business and the present 50% Re8 Bonus Terms and Conditions (each Client other than a Client excluded in accordance with paragraph 3 above or who does not satisfy the conditions in paragraph 5 above) (an "eligible client”) will be entitled to receive a 50% bonus (the “Rescue Bonus") on any deposits per Client1. The Client will be entitled to an additional 50% bonus (the "Additional Bonus") on any of his next deposit. THE Rescue BONUS CANNOT BE CASHED IN and Clients will not be allowed to withdraw from their account(s) the Rescue Bonus (see paragraph 13 for further details).

8.The Rescue Bonus applies only to deposits or internal transfers made by Clients during the period set out in paragraph 3 above. The Life of the granted Rescue Bonus is 30 months.

9.No trading account of a Client will be credited with the Rescue Bonus if that account is already subject to another promotion. If the Client's trading account is already subject to another promotion, the Client may open a separate account for the purpose of receiving the Sharing Bonus. The Client acknowledges that in the case of an internal transfer2 from an account already subject to another promotion any Rescue Bonus or Additional Bonus already granted to this existing account will be automatically subtracted and removed in order for the Client to be eligible to receive the 50% Rescue Bonus into his new account.

10.Clients that have their accounts funded through their Introducing Brokers are not eligible to receive the Rescue Bonus. In addition, Introducer Brokers may not be eligible to receive commissions for trading on Bonus funds.

11.Once all of the requirements set out in these terms and conditions have been met, the Rescue Bonus will be credited into an eligible Client's account, as a notional sum, The Rescue Bonus will not be recorded or construed as a liability of Citizen towards the Client and may be unilaterally,

New clients who register an account for the first time with the Rescue Bonus (with the exception of residents of US) must make a minimum first time deposit of US$100 (or the equivalent amount in other currencies)

2 Clients making a first time internal transfer (with the exception of residents of US) must transfer a minimum of US$100 (or the equivalent amount in other currencies) retroactively and unconditionally withheld, subtracted, cancelled or removed from a Client's accounts, at any time and at the sole discretion of Citizen in accordance with the terms set out in paragraph 19 below.

12. The Rescue Bonus may also be removed in full by Citizen following a Client's withdrawal request or request to transfer funds between accounts at Citizen(whenever that request is made) and immediately prior to the fulfilment (if fulfilment is possible)of the request. In addition and if requested by the Client during trading, the remaining Rescue Bonus may only be removed provided that all of the Client's positions are closed.

13.In order to claim the Rescue Bonus offered under this promotion,the Client should set up an account with Citizen or register additional account with Citizen selecting 50% Rescue Bonus. Subject to compliance with the conditions set out herein, the Client will receive his Rescue Bonus automatically after each deposit. If the Client starts trading in an account before his Rescue Bonus is deposited,the Client will not be entitled to the Rescue Bonus.The Client can claim the Additional Bonus by following the steps outlined in paragraph 6 above.

14.Following receipt of the Rescue Bonus, if the Client requests a withdrawal of funds from his account or requests a transfer of funds from one account to another), Citizen may:

  • 14.1 (where the Client has not received the Additional Bonus) prior to the fulfilment of such request, at its sole discretion, to remove from the Client's account a sum which equals the Sharing Bonus previously granted. If there are insufficient funds in the Client's account to enable the removal of a sum equalling the Rescue Bonus,Citizen shall be entitled to remove all sums in the account; or
  • 14.2 (where the Client has received the Additional Bonus) prior to the fulfilment of such request, at its complete sole discretion, to remove from the Client's account a sum which equals the Additional Bonus. If there are insufficient funds in the Client's account to enable the removal of a sum equalling the Additional Bonus, Citizen shal be entitled to remove all sums in the account.

16.If Citizen proceeds with the withdrawal of the Rescue Bonus or Additional Bonus from the Clients' account(s) in accordance with paragraph 14 above, such action shall not give rise to any cause of action, liability or remedy against Citizen

17.The Client acknowledges that Forex and CFDs are leveraged products which involve a high level of risk.When trading in such products, the Client understands that it is possible to lose all of his capital. These products may not be suitable for everyone and the Client should ensure that he understands the risks involved. The Client should seek independent advice if necessary.

18.Participating in this Offer will not entitle the Client to participate in any other promotion or programme offered by Citizen. The Client is only entitled to receive the Rescue Bonus once (regardless of the number of accounts he maintains).

19.This Offer is independent and, save as set out in paragraph 4 above, does not affect any promotions previously offered by Citizen. Clients should contact their account managers if they have any questions (or wish to make requests) in relation to this Offer or previous promotions.

20.If Citizen in good faith has reason to believe that a Client (whether individually or as part of a group) has failed to comply with the conditions set out in paragraph 5 above,Citizen is entitled at its sole discretion, to-: (i) deny, withhold or withdraw from that Client the Rescue Bonus (and the Additional Bonus if applicable),(ii) to withhold, cancel and subtract, from that Client's account(s) and/or from any other account(s) related to such Client account(s) the Rescue Bonus, (iii) to offset any resulting losses against related/hedged winning accounts, (iv) to terminate that Client's access to services provided by Citizen and/or terminate the contract between Citizen and the Client for the provision of services, (v) to block that Client's Account(s) (save where required otherwise by a relevant authority) and to arrange for the transfer of any unused balance (less the Sharing Bonus and any Additional Bonus if applicable) to the Client and (vi) to cancel any profits, as well as any Introducing Broker's fees, generated from Abusive Behaviour. In addition, if Citizen suspects or has reason to believe that a Client (whether individually or as part of a group) has abused the mirror bonus either by taking advantage of the negative balance or the bonus cap or by any other means that Citizen reasonably believes it amounts to abusive behavior and the Client has failed to comply with the conditions set out in paragraph 5 above, Citizen is entitled at its sole discretion to reverse any cumulative profits, IB commissions or any other benefits derived as a result either from the paired mirror accounts or from any other related mirror accounts, as well as charging an administration fee for performing such actions.

21.Citizen has the right to levy an administration charge on the Client up to the value of the Rescue Bonus to cover any costs incurred by Citizen in respect of validating or investigating information provided by the Client to Citizen or contacting the Client.

22.Citizen may ask the Client to provide sufficient documentation as the Company thinks fit and necessary in order be satisfied as to the Client's identity before granting any bonus.

Anytime, Anywhere on Any Device

Anytime, Anywhere on Any Device

Join the hundreds of thousands of happy and empowered customers
in our community thanks to Citizen's unparalleled liquidity solutions