The trading turnover is determined by the cumulative profitability of all trades conducted since the bonus was credited. The specific value of the trading turnover is influenced by the bonus amount.
To calculate the required trading turnover, you can use the following formula:
The bonus amount multiplied by the leverage factor.
The leverage factor can be:
- Specified in the bonus terms.
- If not specified, the leverage factor is 35 for bonuses that are less than 50% of the deposit, and 40 for bonuses that exceed 50% of the deposit.
For example, let's consider a scenario where a trader deposits $50 and receives a 20% bonus on the deposit, resulting in a total of $60 (including the $10 bonus funds). Since the bonus does not exceed 50% of the deposit, the leverage factor will be 35. Therefore, the required trading turnover will be $10 * 35 = $350.
It's important to note that both successful and unsuccessful trades contribute to the trading turnover. However, only the profitability of the assets is considered, while the initial investment amount is not included in the calculation.