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  7. JustMarkets Partner Loyalty Program Terms & Conditions

JustMarkets Partner Loyalty Program Terms & Conditions

  1. JustMarkets group of companies through its subsidiaries: Just Global Markets Ltd., registration number 8427198-1, is a Securities Dealer regulated by the Seychelles Financial Services Authority (FSA) under a Securities Dealer License number SD088. Financial Sector Conduct Authority (FSCA), Just Global Markets (MU) Limited, registration number 194590, is an Investment Dealer (Full Service Dealer, Excluding Underwriting) regulated by the Financial Services Commission (FSC) in Mauritius under License number GB22200881 offers a Partner Loyalty Program (the “Program”) which is a loyalty program offered by the Company to the Partners (hereinafter “Partner(s)”). For the avoidance of doubt, the relevant JustMarkets counterparty in the Client Agreement is your counterparty for the present Terms and Conditions.

  2. Please read these Terms and Conditions and ensure you understand prize qualification requirements and prize issue terms.

  3. By participating in the Program, you agree to be bound by the current Terms and Conditions as well as the Client Agreement, Introducing Broker Agreement, and any other legal documents that are available on our website at justmarkets.com.

  4. The program is free and available to any individual who: (a) possesses the legal authority to agree to the Program Terms & Conditions; (b) resides in a jurisdiction that legally permits participation in the Program; (c) is not a resident of certain jurisdictions in which JustMarkets doesn't offer and doesn't provide services; (d) provides valid and accurate personal information when enrolling in the Program. To be eligible for the Partner Loyalty Program, a partner's identity and current residential address must be thoroughly validated.

  5. For the purposes of evaluating a partner’s eligibility for the prize, the term “qualified trading volume” will be used. Qualified trading volume is calculated for each client signed up by a Partner since the Partner's registration date, for existing Partners since the date of Partner Loyalty Program launch, and excludes non-MTP trading volume and trading volume derived from error, fraud, or any doubtful operations. Volume generated by clients in Welcome account types is not considered as “qualified trading volume”.

    Trading volume is considered as qualifying if it meets the criteria of Minimum Trade Pips (Minimum Trade Pip – the minimum profit or loss on the transaction in pips, that is 5.9 pips) regardless of it being profitable or not. Trading volume is considered as qualified with the accordance of IB program requirements, find more information in 3.1, 3.5, 3.12, 3.13 clauses of the Introducing Broker Agreement.

  6. In order to receive a prize, the Partner should satisfy all 3 prize qualification requirements:

    • Partner’s clients’ qualified trading volume should reach the target.
    • Partner’s number of active clients over the last 3 calendar months should meet the requirements (to be considered as “active” Partner's client should have had at least one trading operation with MTP rule during the period of the past 3 calendar months).
    • Partner’s clients’ qualified trading volume for the last 12 months should be equal to or higher than the required percentage of total qualified trading volume. Except for the first 12 months since the Program launch or a partner's date of entry to the Program, when the cumulative qualified trading volume for the last 12 months is equal to the total qualified trading volume.
  7. Partners should refer to the Personal Area on justmarkets.com to check the exact qualification criteria for each prize.

  8. JustMarkets reserves the right to disqualify a Partner from the Loyalty Program under the following circumstances:

    • If the Partner violates any laws and/or applicable regulations and/or the current Terms and Conditions.
    • If the Partner acts in bad faith and/or abusively and/or fraudulently and/or in a manner that is not in line with the terms of the Introducing Broker Agreement between the Partner and JustMarkets.
    • If there is reasonable suspicion that the trading volume corresponding to a Partner is derived by error and/or fraud and/or any doubtful operations.

    Respectively, in case a Partner’s account is closed/blocked due to violation of our Introducing Broker Agreement/Client Agreement, all generated qualified trading volume will be nullified and forfeited; thus, the Partner will not be able to claim any of the prizes.

  9. Without prejudice to paragraph 12 below, Partner Loyalty Program prizes will start being processed within 2 weeks from the date of a Partner’s qualification for the aforesaid prizes. Eligible Partners who have fulfilled all qualification requirements for receiving a prize shall be contacted by the relevant JustMarkets Key Account Manager in relation to discussing further details about the prize issuing at the beginning of each month. The prize issuing will be delayed during JustMarkets’ official holiday period; JustMarkets shall not be responsible for any delay in prize delivery that is beyond its control, including instances whereby delay in prize delivery is due to a vendor or any third party.

  10. Upon contact, the Partner will be asked to select the prize (if more than one prize option is available). Details about how to claim the prize and information regarding the delivery of the prize will be provided directly to the eligible Partner.

  11. In the event that the Partner cannot be contacted or does not respond within a period of 28 days, the prize will be canceled.

  12. If the Partner qualifies for multiple prizes at the same time, the Partner’s prize will be issued one at a time at periods that shall be discussed between the Partner and the relevant JustMarkets Account Manager. By accepting the prize, the Partner automatically provides consent and grants permission to JustMarkets to use the Partner’s photo image, name, contact details, and details of the prize for JustMarkets' marketing objectives. The Partner has the right to withdraw the consent for using of his personal information (including photos, name, and contact details) for JustMarkets marketing purposes. The Partner may submit such a request to [email protected]. Refusal or withdrawal of consent to participate in any marketing/promotional videos, photo shoots, and/or any other promotional activities arranged by JustMarkets may result in the cancellation of the prize.

  13. Partner Loyalty Program prizes may vary depending on the Partner's country of residence. Where the specific prize is unavailable, the Partner will be offered an alternative prize of the same value.

  14. The following prizes are available as part of the Partner Loyalty Program:

    Prize name Prize description Cash alternative, $
    USD 500 Cash USD 500 cash transfer to Partner’s account. -
    Smartphone An iPhone ** or any other smartphone available locally worth up to USD 1 500. USD 1 250 or local currency equivalent
    USD 2 000 Cash USD 2 000 cash transfer to Partner’s account. -
    Premium Electronic Devicess Laptop, desktop computer, smart TV or home theater available locally worth up to USD 3 000. USD 2 500 or local currency equivalent
    USD 4 000 Cash USD 4 000 cash transfer to Partner’s account. -
    Luxury International Trip for 2 people 6D/5N international trip for 2 people to a destination of the Partner’s choice, selected from the list of destinations provided by JustMarkets. Trip dates to be agreed with the Partner. Included: Return business flights for 2 people, transfers, accommodation in 5* hotel, breakfasts, excursion program, USD 5 000 spending money credited as withdrawable cash into the Partner’s account. USD 10 000 or local currency equivalent
    Luxury Watch Luxury watch (male or female model) available locally worth up to USD 20 000. USD 16 000 or local currency equivalent
    USD 40 000 Cash USD 40 000 cash transfer to Partner’s account. -
    Private Yacht Holiday for 6 people All-inclusive 7D/6N holiday on a luxury private yacht for 6 people. Trip dates and itineraries to be agreed with the Partner. Included: Return business flights for 6 people (if necessary), transfers, yacht charter, yacht crew, gourmet meals prepared by the personal chef, excursion program. USD 50 000 or local currency equivalent
    Luxury Car A car of any make and model available locally worth up to USD 80 000. USD 65 000 or local currency equivalent
    USD 200 000 Cash USD 200 000 cash transfer to Partner’s account. -
  15. If the Partner achieves all prize targets and receives the top prize, they will continue their participation in the Program with USD 200 000 Cash awarded as a prize for each additional USD 400 bln qualified trading volume.

  16. Where the cash alternative is available and the Partner opts to receive it instead of the prize, such cash alternative will be transferred to the IB Partner account registered in the JustMarkets Personal Area. Cash prizes will be credited to the IB Partner account registered in the JustMarkets Personal Area too. Cash prizes and cash alternatives can be withdrawn at any time using any locally available withdrawal methods.

  17. Should the prize issued to the Partner be of less value than the maximum prize value listed above, the difference will not be paid additionally.

  18. In case the Company changes requirements to the current milestones or adds additional milestones, it is not possible for one Partner to receive the same prize more than once.

  19. All local taxes and delivery costs will form a part of the overall prize budget and, as such, the full (total) prize price should be within the maximum prize value listed above.

  20. All electronic products will be delivered in the original packaging via a courier service company to the nominated mailing address submitted by the Partner. The Partner agrees to comply with and be bound by all terms and conditions which the delivery of such prize may be subject to.

  21. The dates and exact itinerary for all travel prizes will be discussed directly with the eligible Partner. Travel prizes should be used within 12 months after being awarded to the eligible Partner.

  22. JustMarkets reserves the right to, at any time and without notice, substitute any prize with another prize of similar value and/or specification as determined by JustMarkets. Prizes are given out on an “as it is” basis, and are not transferable, exchangeable, or redeemable for anything else. All warranties and representations in relation to the prizes are expressly excluded to the extent not prohibited by law.

  23. JustMarkets and its associates and/or employees and/or affiliates take no responsibility for any product defects, damage, theft, delays, or loss in transit, once the prize has been paid for by JustMarkets.

  24. Except for any liability that cannot be excluded by law, JustMarkets (including its officers, employees, and agents) excludes all liability (including negligence), for any personal injury; or any loss or damage (including loss of opportunity); whether direct, indirect, special or consequential, arising in any way from the participation in the Program, including, but not limited to, where arising from the following: (a) any technical difficulties or equipment malfunction (whether or not under JustMarkets’ control); (b) any theft, unauthorized access or third party interference; (c) any entry or prize claim that is late, lost, altered, damaged or misdirected (whether or not after their receipt by JustMarkets) due to any reason beyond the reasonable control of JustMarkets; (d) any variation in prize value to that stated in these Terms and Conditions; (e) any tax liability incurred by the Partner; or (f) use of a prize including attendance at events included as part of the prize.

  25. JustMarkets Partner Loyalty Program is set to run indefinitely. JustMarkets reserves the right at any time at its absolute discretion to terminate the Partner Loyalty Program. Should this happen, JustMarkets will notify Partners within 5 working days in advance.

  26. Any situation not described in these Terms shall be subject to JustMarkets own discretionary decision.

  27. JustMarkets reserves the right to change and update these Terms at any time without prior notice.

  28. These Terms and Conditions are written in English and any other language translation is provided for convenience only. In the event of any inconsistency or discrepancy between the English text and its translation in any other language, the English text shall prevail.

*JustMarkets does not offer and does not provide services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States of America, and countries sanctioned by the EU.

**iPhone is a trademark of Apple Inc., registered in the U.S. and other countries. Trademarks and brands are the property of their respective owners.

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