1. DEFINITIONS
1.1.“Company” refers to Klips SA (Pty) Ltd, a registered financial services provider in terms of The Financial Advisory and Intermediary Services Act (37 of 2002) (“FAIS”) (FSP number 47742) hereinafter referred to as the “Company”.
1.2.“Client” refers to the individual accepting the terms of this agreement and using the Company’s trading platform as described in the User Agreement and Client Mandate.
1.3.A “Bonus” is a discretionary award, made available by the Company, and at the Company’s sole discretion and will only be made available to South African Clients of Klips SA (Pty) Ltd.
1.4.The “Registration Bonus” refers to the type of Bonus offer provided by the Company to the Client upon completing their registration process and engaging in trading activities on the platform.
2. REGISTRATION BONUS OFFER
2.1.The Registration Bonus offer is an offer made by the Company to a Client by the Company.
2.2.The Company offers a Registration Bonus to a Client, as an incentive for completing the registration process and initiating trading activities on the Company’s trading platform.
2.3.The Client is not compelled to accept the Registration Bonus offer and may decline the offer without any implications other than not accepting the Bonus.
2.4.In accepting the Registration Bonus offer the Client agrees to comply with all terms and conditions of this Registration Bonus offer.
3. ELIGIBILITY
3.1.To be eligible for the Registration Bonus, the Client must successfully complete the registration process on the Company’s trading platform and comply with any verification requirements to the Company’s satisfaction.
3.2.The Company will offer the Registration Bonus to those Clients selected to receive the offer at the Company’s discretion.
3.3.This offer is made to individual Clients only and the Company will only allocate one Registration Bonus award to each Client.
4. THE REGISTRATION BONUS AMOUNT
4.1.The Registration Bonus amount shall be determined by the Company and communicated to the Client at the time of the offer. The Company reserves the right to modify the Bonus amount and related terms at its discretion.
4.2.The Company offers the client a Registration Bonus award to the Company’s discretion, which the Client may use to trade on products available on the Company’s trading platform.
4.3.The Client may withdraw the Bonus amount and any profits earned while trading with the Bonus when withdrawal preconditions are met as set out in the User Agreement and Client Mandate.
5. REGISTRATION BONUS ACTIVATION
5.1.The Bonus will be credited to the Client’s trading account on acceptance by the Client of the Registration Bonus offer made by the Company.
5.2.The Bonus will be allocated upon the successful completion of registration and any necessary verification.
6. WITHDRAWAL RESTRICTIONS
6.1.The Bonus and any profits generated from it may be subject to withdrawal restrictions, as defined by the Company’s policies and terms.
7. TERMINATION AND AMENDMENT
7.1.The Company reserves the right to terminate, amend, or suspend the trading Bonus offer at any time without prior notice, based on its sole discretion.
7.2.Any improper or abusive trading, not in accordance with the Company’s User Agreement and Client Mandate will result in the Bonus being terminated.
7.3.If any provision of these terms is held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions of this agreement.
7.4.No partial Bonus will be awarded, the Company awards only Clients who meet the Bonus criteria.
8. ACCEPTANCE OF TERMS AND CONDITIONS
8.1.By accepting the Bonus offer, the Client acknowledges and agrees to abide by the terms and conditions outlined in this agreement.
8.2.These Conditions are to be read in conjunction with the User Agreement and Client Mandate.
8.3.In the event of any conflict or ambiguity between the terms and conditions of this agreement and the User Agreement and Client Mandate, the terms of the User Agreement and Client Mandate shall prevail.