This article introduces GemForex's bonus program called "Jackpot." Although you should learn its details on the official website, this article gives you some additional information to solve your questions.
[Summary]
- Jackpot allows account holders to earn a bonus of between 2% and 1,000% of their deposit by lottery under some conditions.
- The maximum deposit amount eligible for the bonus is USD 1,000 or JPY 100,000.
- Jackpot is available for All-in-one Account holders.
- The lottery-based bonus program gives at least a 50% chance of earning a bonus more than the deposit amount.
- In case the margin balance (account balance) becomes negative as the losses occur for the holding position, the remaining bonus balance can be allocated to offset the unrealized loss.
[How Jackpot Works]
Supposing an account holder deposits USD 1,000, the holder will win the following bonus according to the winning bonus rate.
| Bonus Rate | Bonus Earned | Total Balance |
| 2% | USD 20.00 | USD 1,000 + USD 20.00 = USD 1,020 |
| 100% | USD 1,000 | USD 1,000 + USD 1,000 = USD 2,000 |
| 500% | USD 5,000 | USD 1,000 + USD 5,000 = USD 6,000 |
| 1,000% | USD 10,000 | USD 1,000 + USD 10,000 = USD 11,000 |
In FX trading, investing more money increases the chance of success.
Jackpot attracts many traders to GemForex and greatly helps them make a huge profit with a small amount of money. There is over a 50% chance to win USD 2,000 after depositing USD 1,000*. There is no reason to refuse to try it.
GemForex Official Site (Jackpot) →
*Source: GemForex official website (details are also explained later in this article)
Ambassador: Manny Pacquiao
*The Jackpot image is probably inspired by Manny Pacquiao.
Source: GemForex official website
Contents
About Jackpot
GemForex's Jackpot is a lottery-based bonus program in which the amount of between 2% and 1,000% of the deposit amount is awarded. That is, if you win a 1,000% bonus, you will receive 10 times the amount of your deposit.
Everyone Can Earn Bonus
Everyone who make a deposit and enter the lottery will surely receive a bonus.
Jackpot Cap Rule
Some may be confused by Jackpot's cap rule. Here, we take a look at how much you can earn a bonus.
First, you should understand the maximum deposit amount eligible for the bonus as follows.
- Japanese Yen account: JPY 100,000
- USD account: USD 1,000
Suppose that a trader wins a 1,000% bonus (USD account).
Pattern 1 (when USD 1,000 was deposited)
USD 1,000 (deposit) + USD 10,000 (bonus to full deposit) = USD 11,000
Pattern 2 (when more than USD 1,000 was deposited)
In this case, regardless of the deposit amount, the bonus is applied only to the portion of USD 1,000. Therefore,
USD 10,000 (deposit) + USD 10,000 (bonus to USD 1,000 of full deposit) = USD 20,000
Conditions and Procedures
To be eligible for Jackpot and earn bonus, you should follow the below procedures.
- Open an All-in-One Account (other account types are not eligible)
- Get the right to draw by clearing at least five lots of settled transactions (settlements made within five minutes are excluded)
- The right to enter the lottery is granted the day after clearing the conditions (check your MyAccount page on whether you get the right with the notification button)
- Deposit money into the eligible account.
- Lottery can be available once the deposit is completed and reflected in MetaTrader4 (MT4) or MetaTrader5 (MT5).
- Bonus is added in accordance with the lottery result.
Jackpot Lottery
A lottery right button will appear on your MyAccount page the next business day if you trade more than five lots through your All-in-One Account.
When Lottery Right Is Granted
- Five-lot trade on Monday: The right is granted on Tuesday
- Five-lot trade on Friday: The right is granted on Monday
- Five-lot trade on the day before a public holiday: The right is granted on the next business day
How to Enter Lottery
- Lottery right expires 24 hours after being granted by notifying that effect on MyAccount with the lottery button.
- The lottery button turns clickable only after your deposit to the eligible account is reflected in your MT4 (MT5) within 24 hours after the right is granted.
- The lottery takes only a few seconds, and the bonus will be added to the eligible account soon.
Jackpot Winning Probability
GemForex shows the data about the number of winners of each bonus percentage within one month after the launch of this bonus program.
Honestly, most traders would like to win at least a 100% bonus as more money increases the probability of success. So, the below original table shows the winning probability of each bonus rate.
| Bonus rate | No. of winners | Probability |
| 2% | 11,284 | 8.8% |
| 5% | 11,204 | 8.7% |
| 10% | 11,163 | 8.7% |
| 30% | 11,075 | 8.6% |
| 50% | 9,533 | 7.4% |
| 100% | 9,220 | 7.2% |
| 150% | 9,224 | 7.2% |
| 200% | 8,223 | 6.4% |
| 300% | 8,239 | 6.4% |
| 400% | 8,208 | 6.4% |
| 500% | 7,219 | 5.6% |
| 600% | 7,415 | 5.8% |
| 700% | 6,425 | 5.0% |
| 800% | 5,436 | 4.2% |
| 900% | 2,435 | 1.9% |
| 1,000% | 1,954 | 1.5% |
| Total | 128,257 | 100.0% |
The table shows that 57.5% of all winners earn a bonus of 100% or higher. It can be said that there is a more than 50% chance of winning a bonus more than the deposit amount. It is up to you whether this probability can be considered high or low. But it would be nice and quite enticing if the double amount of the deposit is sometimes added to your account while you are repeatedly trading.
Notes on Jackpot
Please keep the below matters on Jackpot in mind beforehand.
- Jackpot bonus is not withdrawable and can be used only for trading.
- Jackpot bonus cannot be transferred to other trading account(s).
- If a withdrawal is made, the bonus amount for all trading accounts held under the same customer's name turns zero.
- In case the margin balance (account balance) becomes negative as the losses occur for the holding position, the remaining bonus balance can be allocated to offset the unrealized loss.
Summary
- Jackpot allows account holders to earn a bonus of between 2% and 1,000% of their deposit by lottery under some conditions.
- The maximum deposit amount eligible for the bonus is USD 1,000 or JPY 100,000.
- Jackpot is available for All-in-one Account holders.
- The lottery-based bonus program gives at least a 50% chance of earning a bonus more than the deposit amount.
- In case the margin balance (account balance) becomes negative as the losses occur for the holding position, the remaining bonus balance can be allocated to offset the unrealized loss.
In FX trading, investing more money increases the chance of success. Jackpot attracts many traders to GemForex and greatly helps them make a huge profit with a small amount of money. There is no reason to refuse to try it.
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