Terms and Conditions LotBack
Terms and Conditions
Conditions of using the LotBack program It is an agreement between IUX MARKETS, hereinafter referred to as the “Company,” and the Client who has registered for membership with the Company. Hereinafter referred to as the “customer,” Royal Plus’s terms of benefits may affect the customer’s rights. Which customers should read and understand carefully If you have any questions about the company’s services, customers can contact the company directly. Details of terms and conditions are as follows.
What is the “LotBack” program status?
LotBack program status will be given to customers who use the service with IUX MARKETS. Where trading will earn LotBack points, which can be redeemed for credit or cash for use in trading and the LotBack program status can increase or decrease levels according to the requirements of this document.
How is the LotBack value calculated?
LotBack Points Can be redeemed for credit with the details as follows: 1 Point = $1 Credit = $0.5 Balance
For example, if you have 100 points, you can use them to exchange $100 for trading credit or $50 for real money.
How do I get LotBack program status?
Royal Plus status will be given to all clients who have their first deposit with IUX MARKETS. The customer’s Royal Plus program will be activated and clients will receive Rising Star status. Customers can start accumulating trading days immediately. Every order must hold 5 minutes or more; you will earn points. For each standard lot that you have traded, you will receive Standard and Standard+ account.
- 0.3 Point/ 1 Lotsize
- 0.5 Point/ 1 Lotsize
- 0.8 Point/ 1 Lotsize
Rising Star, Champion, and Elite, respectively, the higher your LotBack status. The more LotBack points you will be able to collect, the more bonus you can get.
How many levels of the LotBack program are there and how are they different?
There are 3 levels of LotBack program status, each with different points earned per trade per 1 lot, detailed below:
- Rising star level will receive 0.3 points per 1 standard Lot for standard and standard+ accounts.
- Champion level will receive 0.5 points per 1 standard lot for standard and standard+ accounts.
- Elite level will receive 0.8 points per 1 standard Lot for standard and standard+ accounts.
How can I level up my LotBack program status?
LotBack program status can be increased through cumulative trades. When the first trading deposit is deposited, the client will receive Rising Star status and the status escalation can be done as follows:
- Rising star status will be upgraded to Champion after 30 days of trading.(Cumulative trading days)
- Champion status will be upgraded to Elite after 60 days of trading. (Cumulative trading days)
Can the LotBack program state be demoted?
After your account has been inactive, your Royal Plus status will expire and be downgraded as detailed below.
- Elite status will be reduced to Champion status after 30 days of inactivity.
- Champion status will be reduced to Rising Star status after 30 days of inactivity.
Risk warning
- Users are advised to trade carefully, even if the bonus funds are available to assist in placing orders.
- Users are well aware of the risks involved in trading in the CFDs market; although there are bonus funds to help make an order, they should trade with caution. The company is not responsible for any imprudence of users.
- You will get LotBack only when trading using the balance part, e.g., balance $100, credit $100 at leverage 1: 1000. With this condition When opening an order for 2 lots, you will get LotBack just 1 Lot because Margin of balance $100 can open orders for only 1 lot. In addition, you have to hold orders for more than 5 minutes. XRPUSD is a product that does not participate in the LotBack promotion.
- Assets that do not participate in the LotBack program
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