Introduction
Introducing to “Smart Bonuses & Rewards System,” allowing you to offer 7 different types of bonuses at the same time to a specific user.
The new bonuses and rewards system will empower you, allowing you to cope with competition and more importantly to solve the industry wide problems of trust and reputation. The new bonus structure will show the trader their trading volume goals in real time and what would happen if they decide to withdraw before reaching the required volume. Before understanding each bonus type, it is important to understand the following.
User’s Balance
The user’s balance is an aggregation of:
- Available cash (AC)
- Available bonus (AB)
- Pending bonus
- Invested
Wallet management
Any loss in the user’s account will first be taken from the Available Cash. Once the available cash is empty, losses will be deducted from the Available Bonus (Active first). Any profit in the account will first be added to the available balance, up to its cap. Once all bonuses are full, any profit will be added to available cash.
Bonus Cap
The bonus cap is the bonus amount originally given. This may be reduced in case of deposit. In order to prevent the user’s deposit from going to the available balance, in the case it has not reached its cap, the cap will be reduced to the current available balance (per bonus). Any bonus capped at 0 will be canceled.*
In the case that part of a bonus is invested (a trade is opened) at the time of deposit, the cap will be reduced but may be increased up to its previous amount in the case there will be a positive return on expiration.
* Bonus cancellation: A bonus will be canceled in case it has been totally lost (cap=0, no open trades older than deposit) and a deposit has been made.
Withdrawal limitation
A user can withdraw the total of the net deposits and released bonus amount, minus net loss, made after the last available bonus has been given (bonus that has not reached target volume).
(deposit + released bonus - withdraw - net loss)
Any withdrawalable amount higher than the amount the user deposited after a certain bonus will cause bonus cancellation and may cause a cancellation of the net profit made after the bonus was given, this is dependent on the bonus type.
Target Volume
The target volume is the volume the user needs to trade in order to release the bonus or any related profit/deposit, and remove any restrictions from the bonus. Volume is valid only when a trade reaches the expiry time. For example, Sellback or Risk Free Trades are not being calculated towards trading volume in that matter. In case user has more than one bonus, volume will count towards the active bonus. Once a bonus has reached its target, it will automatically change its status and release the bonus amount to cash.
Active Bonus
The active bonus is the bonus being used for trading and the bonus in which the trading volume is being counted towards first. In other words, it is the first bonus in the list, in matter of target volume and trading power. The default active bonus is the oldest bonus that has not reached the target volume. The user can control and change the specific bonus he wishes to accumulate volume to. Once an active bonus has reached its target volume or has been canceled, the active bonus will be the default bonus again (oldest).
Bonus types
- Pending Bonus
- Risk Free Trade Bonus
- Smart Bonus
- Profit Bonus
- Balance Bonus
- Sticky Bonus
- No deposit Bonus
Pending Bonus Feature
As you all know, our brands uphold to the highest standards and provide clients with a completely transparent and secure trading arena. With our technology, the pending bonus is simple and advantageous to any client. It allows the client full access to their available cash in the balance at all times. It is not restrictive. The pending bonus is simply released as real money into the balance to use or to take, once the client trades the necessary volume. This way it is an incentive to keep trading and a rewarding bonus for doing just that, trading.
What is a pending bonus?
A pending bonus is an amount of bonus money that is added into a client account. The bonus is not restrictive. The pending bonus is simply released as real money into the balance to use or to take, once the client trades the necessary volume.
As you can see in the example above, the account balance now shows $5,453 with a $1,000 bonus pending. As the bonus is still pending until the right volume has been traded, the Available Cash is $5,453.
How do you know your trading volume?
Once a pending bonus is added to a client account on your platform, a volume bar is automatically added into the client account. This volume bar calculates each trade made by the client, whilst also showing how much remaining trading volume is needed to
be made until the bonus can be released. At any time the client can see how much trading has been accomplished and how much more is needed to release the bonus.
Back to the example, you can see the client has traded $3,750 and has reached a trading volume of 25% shown in the volume bar. In this example, the user still needs to trade a volume of $11,250.
As indicated by the volume bar, the client has now traded the full volume to release the pending bonus.
Once the pending bonus is manually released in the back office, $1000 will be added to the balance as available cash.
Required Trading Volume
Pending bonus feature requires the user to trade a certain volume before the bonus is released as cash into the account balance. The volume required will be calculated according to the amount of bonus given. This feature allows you to offer competitive bonuses. Please see the calculation for required volume per bonus amount below:
Up to 50% bonus – (deposit amount + bonus amount) x 20
51-100% bonus – (deposit amount + bonus amount) x 25
101-200% bonus – (deposit amount + bonus amount) x 30
Above 200% bonus – (deposit amount + bonus amount) x 35
What's the advantage?
Other Binary Option trading platforms offer large cash bonuses. However once received, client funds are not available to withdraw and are restricted until volume demands are met. This can be a major problem for anyone needing access to their extra income stream in a hurry!
With our technology, users experience a real edge and incentive to trade. Users receive a bonus that is designed to reward them for continued trading. It can be used as a safety net, as each trade made and completed will count towards releasing back real cash into the balance.
If your users would like to withdraw before trading the volume to release the bonus, their funds are available. Once bonus money has been released as real cash, they can continue trading or you are free to withdraw it. It is not suggested to promote bonus withdrawals.
First Trade Risk Free Bonus
What is the First Trade Risk Free Bonus?
we offers a feature which allows users to make their first trade with confidence by removing the fear of losing the first trade investment. Our first trade risk free feature offers a trading bonus of 10-50% of the deposit amount, with the maximum bonus offer being $1000.
How does it work?
The First Trade Risk Free feature provides clients with their money back if their first trade expires out-of-the-money. When the trade expires out-of-the-money, the bonus will be exercised and the investment amount is automatically added back to the client's balance without needing to contact support.
What are the terms?
The First Trade Risk Free bonus will not be applied and will automatically be cancelled in the following cases:
- The client uses the sell back feature for the first trade
- If the client chooses an investment amount higher than the First Trade Risk Free bonus
The First Trade Risk Free bonus is granted only upon the first trade that is place.
Users may withdraw the bonus only after reaching a trading volume (upon receiving the bonus) of thirty times the first trade risk free investment amount. For example, if the user deposits $5000 and receives a first trade risk free bonus of $1000, the bonus will be eligible for withdrawal after a trading volume of $30,000 is reached.
Smart Bonus
- Bonus can be used for trading
- Bonus cannot be withdrawn before the target volume has been reached
- Deposit and profit can be withdrawn
- In case of a withdrawal, the bonus will be cancelled but the profit will be kept
Profit Bonus
- Bonus can be used for trading
- The bonus and any profit madeafter the bonus has been given cannot be withdrawn before the target volume has been reached
- Deposit can be withdrawn
- In case of a withdrawal, the bonus and profit made after the bonus has been given will be cancelled
Balance Bonus
- Bonus can be used for trading
- The bonus, all the balance prior to the bonus giving, including the related deposit, and any profit made after the bonus has been given, cannot be withdrawn before the target volume has been reached, whatsoever.
Sticky Bonus
- Bonus can be used for trading
- The bonus can never be withdrawn and is only used as trading power
- The bonus will be cancelled once the target volume has been reached
- Any profit made after the bonus has been given cannot be withdrawn before the target volume has been reached
- Deposit can be withdrawn
- In case of a withdrawal, the bonus and profit made after the bonus has been given will becancelled
No Deposit Bonus
- Bonus can be used for trading
- The bonus and any profit made after the bonus has been given cannot be withdrawnbefore the target volume has been reached
Bonus type changing
In the case a user has lost his available cash and still has available bonus (even $1), from a type that limits profit withdrawal, the user may not want to deposit again to the same account, since they would not want the future profit to be locked by the old bonus. The bonus type will convert to Smart Bonus (no restrictions on future profit) if the new deposit is greater than the Balance and available cash = 0.