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January 15, 2021 Updated on
What's the withdrawal requirement of the Deposit Protection Program?
Through the Deposit Protection Program, you will receive compensation for your loss as a bonus.
The fund (bonus amount) credited through the Deposit Protection Program can be used only for trading purposes and cannot be withdrawn.
You can withdraw only your own funds and profits made over the bonus amount.
For more information (terms and conditions) of the Deposit Protection Program, log in to the client cabinet.
For the account in which you have received compensation through the Deposit Protection Program, there are certain conditions and requirements you must meet to withdraw profit.
First, the minimum profit withdrawal amount is $10 and the maximum amount cannot exceed the amount of the deposit.
To be able to request a profit withdrawal, you must make a deposit equal to or greater than the credited compensation within 30 days.
Also, for every $2 of profit you want to withdraw, you must trade 1 standard lot.
Once you make a profit withdrawal from the account, the bonus amount will be partially canceled from the account according to the following formula.
C = (X / Y) * (the amount of the bonus on the deposit)
Where:
C = cancelled amount
X = the amount that is requested for withdrawal
Y = the current available balance excluding any bonus amount
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- What are the benefits of SuperForex's Membership Club?
- What bonus can I get with SuperForex's Membership Club?
- How can I join SuperForex's Membership Club?
- How much annual interest rate income can I receive from SuperForex?
- What's the requirement to get the 5% annual interest rate income?
- How can I get SuperForex's 5% annual interest rate income?
- How can I join the Deposit Protection Program?
- Why the refunded amount of the Deposit Protection Program was suddenly deducted from my account?