NEMO1is running the “NEMO Gift Stock Promotion” (the “Promotion”) which is applicable to the Clients from the Eligible Country. By participating in the Promotion, you agree to be bound by the Terms and Conditions (the “Terms”) as set out below.
In this Promotion:
“Account” means your trading account with NEMO into which you will make a deposit during the Promotion Period;
“Active Period” means 30 (Thirty) consecutive calendar days which start to run from the day you receive the Benefit;
“Benefit” means the amount which you will be eligible to receive in your Account in the form of share(s);
“Deposit” means the first amount you deposit, subject to a minimum deposit of 50 USD, as one transaction into your Account during the Promotion Period to activate and qualify for this Promotion;
“Eligible Country” means United Arab Emirates;
“Promotion Period” means 1st November 2023 to 31st January 2024.
Any words whose meaning is not defined herein shall have the meaning provided in theOperative Agreements.
To participate in this Promotion, you must meet the following requirements:
a) You are an approved new client of NEMO, eligible to trade in accordance with, and have agreed to, the Operative Agreements;
b) You run a live trading Account with NEMO as per the applicable requirements of NEMO;
c) You have read and accepted these Terms;
d) You have made a Deposit in your Account during the Promotion Period as set out in these Terms.
Irrespective of the number of trading accounts that you have in NEMO, this Promotion is applicable for one Account per Client.
Transfers between accounts will not be considered as deposits for the purposes of this Promotion.
The Deposit cannot be withdrawn before the Terms have been satisfied or the Promotion expires.
Specific Promotion Terms
The Benefit is calculated as 50% of the Deposit you make, with a maximum available Benefit to each client of a total of 50 USD during the Promotion Period.
The Benefit will be provided in the form of a share(s) which will be equivalent to the value of the Benefit in clause 5.1 above.
The share(s) in clause 5.2 above will be selected at random and at the sole discretion of NEMOfrom widely known stocks of either Amazon, Apple or Tesla.
The Benefit will be made to your Account within 3 (three) working days after the Deposit has been successfully made to your Account within the Promotion Period.
The Benefit will be available for trading or sale in your Account within 3 (Three) days from the date you receive the Benefit in your Account.
You may either (a) use the proceeds from the sale of your Benefit in clause 5.5 for trading any other stocks or, (b) hold the proceeds from the sale of your Benefit for the Active Period, in order for these proceeds to be withdrawable.
The Benefit is non-transferable between NEMO trading accounts.
NEMO reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel, or terminate the Promotion at any time. In the event of modifying the Terms, NEMO will give such notice to the Client if required by applicable legislation. Under no circumstances will NEMO be liable for any consequences of any alteration, amendment, suspension, cancelation, or termination of the Promotion.
Any indication or suspicion of fraud, manipulation, or other forms of deceitful or fraudulent activity in a client’s account or multiple accounts with NEMO or otherwise related or connected to the Benefit shall nullify all transactions carried and/or profits or losses garnered therein.
NEMO reserves the right, at its sole discretion, to disqualify any individual that NEMO suspects, misuses or attempts to misuse the Benefit or breaches the present Terms and/or any of NEMO’s Operative Agreements and to cancel all orders and annul all profits of such client. If NEMO, inits sole discretion, suspects any Benefit arbitrage or any misuse or attempts to misuse theBenefit, and the client has open positions, NEMO reserves the right to withdraw the Benefit. In these circumstances, NEMO shall not be liable for any consequences of the Benefit cancelation.
Notwithstanding the translated language of this document, the English wording shall be the binding version in the event of any discrepancy between the two languages.