Singapore “Deposit Bonus” Promotion



Singapore “Deposit Bonus” Promotion

  1. You agree that by participating in the City Index Deposit Bonus client promotion (the “Promotion”) you will be bound by these terms and conditions (the “Promotion Terms”) as well as the general terms and conditions (including any supplemental terms) that apply to your Account1 (as identified above) (“Our Terms”). Capitalised terms and expressions used in these Promotion Terms shall have the same meaning as in Our Terms unless specified otherwise in the Promotion Terms.

  2. The Promotion is offered by City Index (“City Index”, “we”, “our” or “us”) in accordance with these Promotion Terms. City Index is a trading name of StoneX Financial Pte. Ltd. (“SFP”) for the offering of dealing services in Contracts for Differences (“CFD”). SFP holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore for Dealing in Exchange-Traded Derivatives Contracts, Over-the-Counter Derivatives Contracts, and Spot Foreign Exchange Contracts for the Purposes of Leveraged Foreign Exchange Trading. SFP is also both Derivatives Trading and Clearing member of the Singapore Exchange (“SGX”). SFP is incorporated in Singapore (Co. Reg. No.: 201130598R) with its registered office at   1 Raffles Place, #12-62 One Raffles Place – Tower 2 Singapore 048616.

  3. Subject to paragraph 13 below, to be eligible to participate in the Promotion, you must:
  4. a) be over eighteen (18) years of age;

    b) have received the SMS notification regarding the Promotion; and

    c) deposit the minimum amount of SGD$1000 to your City Index trading Account by Monday, 31st May 2021.

    Any client who satisfies all of the criteria above shall be deemed a “Qualifying Client”.

  5. The “Promotion Period” commences on 24th May 2021 and will cease on 31st May 2021.

  6. A Qualifying Client who meets the criteria set out in paragraph 3 above during the Promotion Period will be eligible to receive a bonus deposited into their trading account calculated as 20% of any deposit made by the Qualifying Client to his/her account during the Promotion Period (the “Bonus”). The Bonus is capped at a maximum of SGD$200. The Bonus will be credited to the Qualifying Client’s account by the end of Tuesday, 1st June 2021.

  7. The Bonus shall remain as a trading credit and shall not be withdrawn from the trading Account until after a Transaction1 in the Account is executed with a Margin Value1 equivalent to the Bonus value (‘the Transaction”) and upon the withdrawal of the Bonus, it will not result in a Margin Call1 being implemented on the trading Account.

  8. The Bonus must be utilized for trading by the placement of the Transaction1 in the trading Account1  by the Qualifying Client for trading by 11th June 2021, otherwise any unused Bonus shall be removed from the Qualifying Client’s account after 14th June 2021.

  9. The Promotion is strictly limited to one (1) Bonus per Qualifying Client and it is available to self-directed Qualifying Clients only.

  10. This Promotion shall not be applicable in conjunction with any other offer or promotion offered by us. Qualifying Clients shall not be entitled to participate in any other promotion during the Promotion Period.

  11. Your Account must be open and not the subject of any dispute with us or in default on the date the Bonus or any part of it becomes payable in accordance with these Promotion Terms. Failure to comply with these Promotion Terms and this paragraph 8 in particular, shall result in a loss of your entitlement (if any) to a Bonus (or any part thereof) pursuant to this Promotion.

  12. Qualifying Clients should read these Promotion Terms carefully, as well as Our Terms and the risk warnings contained therein. Under no circumstances will we be liable for any losses that a Qualifying Client may incur as a result of trading on their account(s) using the Bonus (or any part thereof) or otherwise. This Promotion is not intended to change any client’s risk preferences or investment strategies and we accept no responsibility for the same.

  13. Notwithstanding any other provision of these Promotion Terms, we shall have the sole discretion to determine your eligibility under these Promotion Terms, including, without limitation, whether or not you are a Qualifying Client. We have the right not to accept a Qualifying Client for any reason or without reason as we shall determine in our sole discretion.

  14. Our employees or other producers or suppliers associated with this Promotion, their advertising, printing and publicity agencies, and their immediate family members (i.e. any person residing in the household of the aforementioned people) will not be eligible to participate in the Promotion.

  15. In the event that a person takes part in this Promotion who does not meet the qualifying criteria set out in these Promotion Terms, we reserve the right, without prejudice to any other rights under these Promotion Terms or Our Terms, to immediately remove the Promotion from the applicable account, including, without limitation, removing any credit applied to the account. In addition, we reserve the right at our sole discretion to disqualify any individual that tampers or attempts to tamper with the entry process or the operation of the promotion, or who breaches the Promotion Terms or Our Terms.

  16. We reserve the right to alter, amend or terminate this Promotion, or any aspect of it, at any time and without prior notice. We may make changes to these Promotion Terms by posting the modified terms on our website. We recommend you revisit these Promotion Terms regularly, and by your continued use of our services you accept any such modified terms.

  17. Any dispute or situation not covered by these Promotion Terms will be resolved by our management in a manner it deems to be the fairest to all concerned, and that decision shall be final and/or binding on all entrants. No correspondence will be entered into.

  18. If these Promotion Terms are translated into a language other than English, then the English version of the Promotion Terms shall prevail where there is an inconsistency.

  19. A currency conversion (determined by StoneX Financial Pte. Ltd.) will be applied to all accounts not trading in an SGD base currency.

  20. If any term of these Promotion Terms is found to be illegal, invalid or unenforceable under any applicable law, such term shall, insofar as it is severable from the remaining terms, be deemed omitted from these Promotion Terms and shall in no way affect the legality, validity or enforceability of the remaining terms.

  21. This Promotion will be governed by the laws of the Republic of Singapore and the courts of the Republic of Singapore shall have exclusive jurisdiction over any matter or dispute arising from this Promotion.

1 as defined in the SFP Customer Agreement.

The information prepared by StoneX Financial Pte. Ltd. ("SFP") is intended for general circulation and not directed to any specific person. This promotion does not constitute any form of investment advice nor an offer or solicitation to invest in any capital markets products. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to invest, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. Consequently, any person acting on it does so entirely at their own risk.

All forms of investments carry risks and can result in losses that exceed your deposits. Such activities may not be suitable for everyone.

This advertisement has not been reviewed by the Monetary Authority of Singapore.