Promotions
Trading promotions, explained.
From time to time NextTrade runs promotions such as deposit bonuses. This page explains how they work, who can take part and where to find the rules for each offer.
Each promotion has its own Schedule in the Promotion Terms, with its dates, amounts and conditions. Current offers are announced on the site and in your Client Area.
How bonus credit works
Overview1. Qualifying deposit
Opt in and deposit within the offer's window.
2. Bonus credit
Added as tradeable margin, shown as a separate line in your account.
3. Withdrawable balance
Each qualifying trade you close converts credit to cash at the offer's rate.
Credit is not cash until it converts. It can never exceed your balance, and withdrawals reduce it in proportion.
How it works
From offer to withdrawable balance
Every NextTrade promotion follows the same mechanics, set out in the Promotion Terms. The offer's Schedule fills in the figures.
Opt in
Join an offer by the action its Schedule names: claiming it in your Client Area, depositing during its window, or accepting an offer we send you in writing. Opting in means you accept the Terms and the Schedule.
Deposit within the window
Deposits must clear during the qualifying window, meet the Schedule's minimum and come from a payment method in your own name.
Trade with the credit
Bonus credit is applied as tradeable margin. It counts towards your margin and equity, not your withdrawable balance, and shows as a separate line in your account.
Convert it as you trade
Each qualifying trade you close converts credit into withdrawable balance at the Schedule's rate per standard lot, with smaller lots converting pro rata. Converted amounts are yours to withdraw.
Each offer's Schedule
What the Schedule tells you
The Promotion Terms set the rules for every promotion. The Schedule for a specific offer sets its figures. Read both before you opt in.
- Qualifying window
- The dates between which deposits count. Deposits before or after do not qualify
- Minimum deposit
- Set per offer. Deposits below it earn no credit
- Bonus amount
- How the credit is calculated from your deposit
- Conversion rate
- Credit converted per standard lot closed on an eligible instrument
- Eligible instruments
- Forex pairs, precious metals and commodities unless the Schedule says otherwise. Indices, crypto, equities and bonds are excluded unless listed
- Minimum holding time
- Some offers set a minimum trade duration before a trade counts
- Expiry
- Unconverted credit is cancelled 180 days after it is applied, unless the Schedule sets another period
- Stacking
- Promotions cannot be combined unless the Schedule expressly allows it
Eligibility
Who can take part
To join a promotion you need to meet these conditions when you opt in and when the credit is applied:
- You are at least 18 and of legal age in your country of residence
- You live in an eligible jurisdiction, listed in Annex I of the Promotion Terms
- Your trading account has passed identity verification
- You hold a live account in a supported currency. Demo, swap-free and professional accounts are excluded
- You are not a NextTrade employee, director or agent, or a relative of one
- You take part with one trading account only
- You meet any extra criteria in the offer's Schedule, such as account type or new clients only
Things to know
How the credit behaves
- Credit is not cash
- Bonus credit is tradeable margin. It does not become withdrawable until it converts, and it gives no claim against NextTrade beyond the Terms.
- Credit never exceeds your balance
- If your balance falls below the credit, through losses, withdrawals or charges, the credit is reduced to match. If your balance reaches zero, the credit is cancelled.
- Withdrawals reduce the credit
- Withdraw part of your balance and the credit is reduced in the same proportion. Withdraw all of it and the credit is cancelled. Anything already converted stays yours.
- Closing your account forfeits unconverted credit
- Unconverted credit is forfeited if the account is closed, suspended or terminated. Balance already converted remains payable.
- Abuse ends the offer
- Multiple accounts, hedged or opposing trades, scalping, arbitrage and automated trades without genuine intent can lead to disqualification, reversal of conversions and account closure.
- Offers can change
- NextTrade may vary, suspend or withdraw a promotion. Credit already applied, and balance already converted, are not affected.
FAQ
Common questions
- Where can I see the current promotions?
- Live offers are announced on the site and in your Client Area, and each has a Schedule in the Promotion Terms. If nothing is announced, no promotion is running.
- Can I withdraw bonus credit?
- Not directly. Credit is tradeable margin. It converts into withdrawable balance as you close qualifying trades, at the rate in the offer's Schedule.
- What happens to the credit if I withdraw my deposit?
- Withdrawing part of your balance reduces the credit by the same proportion. Withdrawing all of it cancels the credit. Converted balance is unaffected.
- Which trades convert credit?
- Closed trades on the offer's eligible instruments: by default forex pairs, precious metals and commodities. Open positions, pending orders and trades shorter than any minimum holding period do not count.
- Can I use two promotions at once?
- Only if the Schedule expressly allows it. Promotions do not stack by default.
- Do I pay tax on a bonus?
- Any tax arising from bonus credit, its conversion or the withdrawal of converted balance is your responsibility.
Ready to trade?
Open a live account. When a promotion is running, you will see it in your Client Area.
Risk warning
Risk Warning: Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not indicative of future results.
Every promotion is governed by the NextTrade Ltd Promotion Terms and the Client Agreement.
NextTrade Ltd is authorised and regulated by the Financial Services Commission of Mauritius under Licence No. GB25204563. Registered office: C/o AllServ Management Ltd, Office 15, Floor 1, Centre Point, Trianon, MAURITIUS.