An example of requirement for withdrawal money from Binary options account if you accepted the Bonus money

The below clauses are from one of the Binary Options brokers terms and conditions.There are many exclusions that should be clarified before accepting a bonus

• 2. Wagering Requirements
  • 2.1 The “Total Wagering Requirement” for a Bonus will apply to an account once the Bonus is claimed/ activated, hence the Bonus Terms and Conditions are regarded as accepted (see s 1.3 above), and the Bonus Balance is credited with the Bonus amount.
  • 2.2 The standard “Wagering Parameter”, unless explicitly stated otherwise, is set on 15 times (x15) the Bonus value.
  • 2.3 The Company maintains the discretion to offer Bonuses and other benefits with a different Wagering Parameter.
  • 2.4 In any case where a Bonus is offered to a Client that entails a “non-standard Wagering Parameter” (see s 2.3 above), the Company will inform the client to this effect via e-mail and state the Wagering Parameter that the Client must meet to be able to withdraw the Bonus amount and profits derived from the Bonus Balance.
  • 2.5 If the Total Wagering Requirement is not met within three (3) months, anyoption™ will withdraw the Bonus amount and any profits derived from it from the Client's account.
    Example:
    Calculation Method: Bonus Balance x Wagering Parameter = Total Wagering Requirement
    If the Client deposited €100 and received a 50% bonus upon deposit with the standard Wagering Requirement (x15). The Client will have to wager the Client’s total Bonus balance amount 15 times over within three (3) months. The total wagering requirement will be €750. €50 x 15 = €750
• 3. Withdrawals
  Cash Balance
  • 3.1 The Client maintains the full right to withdraw the Cash Balance of his/her account at any time, and any profit attributed to the cash balance, upon making a withdrawal request for all or some of the available Cash Balance.
    Bonus Balance
  • 3.2 Upon claiming a bonus a Client must meet the Total Wagering Requirement as a precondition for withdrawal of the Bonus amount and any profits generated from the Bonus. In any case where the Client has not yet met the Total Wagering Requirement and/or the three (3) month Period has elapsed prior to the Client meeting the Total Wagering Requirement, the Client is not entitled to withdraw the Bonus amount or any profits derived from it and has no legal standing to claim the said amounts.
  • 3.3 The Client maintains the full right, at any time within the three (3) month Period, to express his/her wish to cease (“Waive”) the use of the Bonus. In such cases the Bonus amount and profits generated from it will be cancelled immediately and the Client has no legal standing to claim the said amounts.
  • 3.4 In cases, where the Client makes a withdrawal request for a total amount that includes part or all of the Bonus amount and profits derived from it, the withdrawal request will also constitute an automatic bonus cancellation/waive request. As the Total Wagering Requirement has not been met, the Client is entitled to withdraw only the total Cash Balance and any profit attributed to it. In such cases the following shall apply:
    • 3.4.1. The Bonus amount and any profits derived from the Bonus amount for which the Total Wagering Requirement was not met by the Client shall be cancelled.
    • 3.4.2 The Bonus amount and any profits derived from the Bonus amount for which the Total Wagering Requirement has been met by the Client shall be withdrawn.
    • 3.4.3 The Cash Balance and profits derived from the Cash Balance shall be withdrawn as per s 3.1.
    Example:
    The Client deposits €500 and accepts a ‘Bonus upon deposit’ of 50% with a standard wagering parameter (Bonus A). The Total Wagering Requirement for Bonus A will be €3750. Subsequently two weeks later the Client accepts a ‘next invest on us’ Bonus for a €200 trade (Bonus B). The Total Wagering Requirement for Bonus B will be €3000. A further two weeks go by and the total balance of the Client’s account stands at €950 and since deposit and claiming Bonus A. The Client has made trades for a total worth of €6000. The Client decides to make a withdrawal request. The breakdown of the account Total Balance is as follows:

    Amount	Wagering Requirement
    Personal Funds Deposit – €500	No Wagering Requirement - Can be withdrawn at any time
    Bonus A – €250	Wagering Requirement met: Calculation Method: (worth of total trades made) – (Total Wagering Requirement for Bonus A) = Wagering Requirement Met (Surplus)/Not Met (Deficit) €6000 - €3750 = +2250 (Remaining Balance of total trades made)
    Bonus B – €200	Wagering Requirement not met: Calculation Method: (Remaining Balance of total trades made) – (Total Wagering Requirement for Bonus B) = Wagering Requirement Met (Surplus)/Not Met (Deficit) €2250 – €3000 = - €750

    In this Example the amount of Bonus B would be deducted from the account’s Total Balance €950) before proceeding with the withdrawal request. The client would be able to withdraw the remaining balance of €750 (deposit + Bonus A).
• 4. Custom Bonuses
  • 4.1 The Company maintains the right to offer to a Client or group of Clients, at its own discretion, a Bonus with a Wagering Parameter, Wagering Requirement and Period that diverge from these Terms and Conditions (“Custom Bonus”).
  • 4.2 The Company maintains the right to offer a Bonus as part of a promotion or marketing campaign for a limited time to a Client or group of Clients (“Special Bonus”).
  • 4.3 The Company maintains the right to offer a Bonus that is tied to a specific financial instrument offered by the Company (“Product Specific Bonus”).
    • 4.3.1 The Company can offer a Product Specific Bonus that accrues a benefit for another financial Instrument offered by the Company (“Cross-Product Specific Bonus”).
      Example:
      The Client is offered and accepts a standard ‘100% bonus upon deposit’ (Bonus A) for a €500 deposit. The Wagering Requirement for Bonus A is €7,500. Two days later the Client is offered and claims a Cross Product Specific Bonus in the form of a ‘next invest on us’ bonus for a €2,000 trade in the Binary 0-100 arena (Bonus B). As part of the Terms and Conditions of Bonus B, 30% of the Bonus amount will be deducted from the Total Wagering Requirement of Bonus A. The amount of €600 (30% of Bonus B amount) will be deducted from the Total Wagering Requirement of Bonus A (€7,500 – €600 = €6,900).
  • 4.4 The offering of a Custom, Special, Product Specific or Cross-Product Specific bonus to a Client or a group of Clients does not constitute a commitment on the part of the Company that it will extend a similar offer in the future to the same or other Client(s).
  • 4.5 In any case where a Custom, Special, Product Specific or Cross-Product Specific bonus is offered to a Client, the Company will inform the client to this effect via e-mail and state the terms and conditions that govern this bonus, including the Wagering Parameter that the Client must meet to be able to withdraw the Bonus amount and profits.