How does it work?
When you open a B.I.C Markets Zero Commission account and deposit a minimum of $1,000, you can opt into our bonus program and be Paid to Trade. Currently we offer 10% of your deposit back as a credit bonus. And, for every 10 standard lots of Forex and Gold / Silver you trade, your credit will be converted into cash in the same trading account. All you have to do to claim your bonus with the Paid to Trade program is deposit $1,000 or more into your account and contact your account manager to opt in.
How is the rebate calculated?
All eligible clients who opt-in to Paid to Trade receive a 10% deposit bonus. For example: 1. Sam opens a B.I.C Markets Zero Commission account and deposits $5,000. 2. 10% of the deposit amount ($500) is added to Sam’s account as a bonus credit. 3. Every time Sam trades 10 lots on Forex or 10 lots on Gold and Silver, $50 is converted from bonus credit to cash. 4. This rebate is now real cash that Sam can withdraw. 5. Sam will now have $450 in bonus credit and his cash balance will be increased by $50. 6. If credit balance is $0, a cash rebate is not paid.
Paid To Trade
|GOLD & SILVER||FOREX||CONVERTED TO CASH|
|5 - lots traded||5 - lots traded||Not paid|
|10 - lots traded||0 - lots traded||$50 paid|
|0 - lots traded||10 - lots traded||$50 paid|
|10 - lots traded||10 - lots traded||$100 paid|
When trading with a deposit bonus, stop out will occur to prevent the account from going into negative balance. This is when; Account Equity – Credit = Zero If stop out does occur, the credit will be automatically removed and any negative balance will be reset to back to zero. You just need to top-up your account to receive another bonus and continue trading to receive further rebates.
Negative Balance Protection
B.I.C Markets top priority is making your trading experience great by providing negative balance protection to our clients: Our risk management system ensures that the client cannot lose more than he initially invested. When opted-in to the Paid to Trade program, if the balance becomes negative due to Stop Out, B.I.C Markets will automatically compensate the amount and adjust the account balance to zero. B.I.C Markets guarantees that your risk is limited only to the funds you have deposited into your account. Please note that the negative balance protection does not include any debt payments from the Client. Therefore, our clients are protected from losses beyond their initial deposit.
- Set your stop loss
- Be responsible with leverage
- Don’t over trade
If you have a bonus credit on your account, any withdrawal is seen as the original deposit being withdrawn. This is based on the First-In, First-Out principle (FIFO). If you withdraw with a bonus credit on the account, the withdrawal amount will result in a portion of the credit also being removed on a prorated basis.
For example, if Sam deposits $20,000 and receives a bonus credit of $2,000, and he then withdraws $5,000, then $500 will also be removed from the credit. Sam’s account will now be $15,000 cash and $1,500 bonus credit.