What are the credits used for?
The credits can only be used in TradFi (MT5) Trading as a trading margin, and/or pay for commission and swaps once your deposited funds have been depleted. Please note that any commission, swap, or trading loss will be deducted from your deposited funds first, and only after they have been used up will they be deducted from the credit amount.
How to get TradFi credit?
You can participate in TradFi credit campaigns and earn credit rewards by completing the specified tasks. Please note that you must register for the campaign or claim the task before it starts.
Can I withdraw the credits?
No, the credit cannot be withdrawn or transferred. However, users can withdraw the profits earned from trading with the credits.
Will my credits be forfeited if I make withdrawals from the TradFi (MT5) Account?
For users who had not made any deposit before they made withdrawals from the TradFi (MT5) Account, the entire credit will be forfeited. If you have made deposits, any withdrawal or transfer will result in a proportional reduction of your credit.
What is the credit validity period?
You can check the credit validity period in Reward Hub.
What happens if I withdraw funds from my TradFi account while TradFi Credits are still active?
When a withdrawal is made, the system will deduct the credit amount based on the following deduction rules:
MT5 Credit Deduction Calculation Based on Withdrawal Amount Ratio:
The deduction is calculated as: Min(Withdrawal Amount / Net Deposit Amount, 100%) × Credit Amount
Example 1:
If a user deposits 500 USDx, receives 500 USDx in credits, gains a profit of 50 USDx from trading, and makes a withdrawal of 100 USDx, the credit deduction will be calculated as:
- Min (100 / 500, 100%) x 500 = (100 / 500) x 500 = 100 USDx
- After the withdrawal of 100 USDx is made, the system will deduct 100 USDx worth of credits from the user's TradFi Account
Example 2:
If the user receives a sign-up credit, profits from trading with the credit, and then makes a withdrawal, without making any deposit, the system will deduct all credits received since there was no deposit made.
What calculation is used to determine the withdrawal amount?
- If users have no open positions in their TradFi Accounts, the amount they can withdraw is: Equity − Credit.
- If users have open positions in their TradFi Accounts, they can only withdraw according to this formula:
- Max[Min(Free Margin − Credit, Balance), 0], withdrawal will not cause liquidation.