Can You Withdraw Bonus Balance
Make Your Balance Grow
- If a bonus is cashable, you can withdraw the bonus amount when you request a withdrawal. Bear in mind; you cannot just withdraw your bonus as soon as it is awarded to you. That would be akin to a casino handing out free money. Rather, you have to meet an offer’s playthrough/wagering requirements before you can do so. Below we look at whether non-cashable or cashable bonuses are a better option for players.
- The maximum amount you can get is ₦100,000. But there is a catch: If you thought that you could just simply withdraw your bonuses, you were wrong. You cannot immediately withdraw the 100% bet9ja bonus as soon as you receive it.
At ProsperityFX we believe in supporting our traders’ growth and experience. Therefore, we have chosen to present our traders with the opportunity of maximizing their earning potential. Our withdrawal bonus will give you an extra 20% credit on top of the withdrawal amount if you choose to keep the funds in your account, use this credit as a pathway for more trading and more profits with ProsperityFX.
It Couldn’t Be Easier
When trading CFD, if balance drops to the level of bonus, an automatic closing of all open trades takes place - Margin call. Example: You deposited $1000 and got bonus of $1000. If the loss in your account equals to $1000, bonus is automatically withdrawn and open trades are closed. Any winnings you make whilst playing on a game or category (cash or bonus stake) with outstanding wager requirements will be stored in a pending balance until you meet the wager requirement. You cannot withdraw cash from your pending balance.
First, click “Claim Bonus” when processing your withdrawal and select the MT4 Account you want to send your funds back to.
Second, the amount you wished to withdraw will be sent to the MT4 Account you selected as balance. Together with the 20% Bonus, added as credit.
Lastly, the 20% Credit you obtained can be converted into balance through trading activities. After turning your credit into balance, you can do with your funds as you wish.
Here follows the Terms and Conditions in relation to the Withdrawal Bonus campaign, which will be offered to select clients in a limited number of countries.
- The Withdrawal Bonus Promotion can only be redeemed by active clients of the broker who have received the notification at the point of withdrawal of funds from their live account.
- If the Withdrawal Bonus is declined at the point of notification, the client will not be able to avail of this promotion until their next withdrawal request.
- The Withdrawal Bonus Promotion is 20% of the Withdrawal Request total, with a limit of maximum credit paid to the value of $5000 or equivalent in the currency chosen per client.
- All Promotional rewards will be received as a credit in the client’s MT4 account until it is released to the clients’ balance once a sufficient level of trading has occurred to transfer the credit to the balance.
- Funds will be transferred from the clients’ credit to balance in their MT4 account at a rate of $5 or equivalent value in the client’s account currency per standard lot traded.
- If any amount of balance is removed from the clients’ account, and credit remains in the clients MT4 account, any remaining credit will be removed from the MT4 account.
- If the equity on the account is less than the credit of the account, all remaining credit will be removed from the client’s MT4 account.
- Once funds have moved from credit to balance on the clients’ account, the funds are then owned by the client and they may use the funds as they wish. While the bonus remains as credit, it remains the property of the broker.
- Only trading volumes in select asset groups are eligible in performing transfers under this promotion. The select asset groups are as follows- Cryptos, Metals, and Forex Pairs. Instruments in all other asset groups will be excluded.
- The Broker reserves the right to terminate this promotion at any time and reserves the right to make amendments to the terms of the promotions.
- The Broker reserves the right to remove eligibility for the promotion from the client it deems to be abusing the promotion.
Withdrawing winnings derived from a No Deposit Bonus offered by an online casino may seem a bit overwhelming but as long as you follow the terms and conditions it can definitely be done. If you’re taking your first dip into the No Deposit Bonus pool, there are a few things you should know when it comes to cashing out.
Online casinos are quite generous when they offer players free chips but there is a protective mechanism in place on behalf of the casino known as the wagering requirement.
Wagering Requirement
What is a wagering requirement, also known as playthrough or rollover? Wagering requirements are essentially the number of times you must playthrough the amount of the bonus. Playthroughs can be applied to all sorts of casino bonuses; however we’re going to cover No Deposit Bonuses specifically.
The wagering requirement attached to a bonus may range from 10 times up to and exceeding 99 times. This means that you must wager the amount of your free chip ten times in the case of a 10x wagering requirement. The lower the wagering requirement, the better your chances are of being able to meet it. Wagering requirements on the higher end may seem like it would take an act of God in order to meet and you will most often see this with rogue casinos so watch out for those. At best players can claim bonuses with higher wagering requirements for fun.
Quick Note - NEVER redeem 2 No Deposit Bonuses back to back
One quick note for the newbies, never redeem two No Deposit Bonuses at one online casino back to back. This will void your ability to cashout. It is critical to read the terms associated with the bonus you intend to claim to verify the wagering requirements, maximum withdrawal amount and withdrawal procedures.
Make sure your playing the allowed games.
Making the playthough applies to certain casino games as well so ensure that you are interested in the allowable games before you proceed. Some bonuses only allow Slots while others apply to Table Games etc. Only playing the allowed games will count toward meeting wagering requirements.
For example, you claim a $10 Slots No Deposit Bonus and the terms specify that you must rollover the bonus 30x.
How To Withdraw Bonus
10x$30 = $300
You will be required to make $300 in bets in order to meet this wagering requirement. So let’s say you decide to bet $1 per spin on a Slot Game. You will need to do this 300 times before your winnings will be eligible for withdrawal.
Another key factor to note is that some bonuses allow multiple games that will all count toward your wagering requirements; however the percentages that go toward the playthrough may vary.
Wagering Requirements can vary depending on the casino game.
For example, a player claims a $100 bonus with a 40x wagering requirement which means that $4,000 in wagers must be made. The allowed games include the following games and contributions:
- Slots – 100 percent
- Video Poker - 80 percent
- Blackjack – 10 percent
Contributions refer to the percentage of each bet that goes towards meeting the playthough.
The player wagers $50 on Slots at 100% meaning that the entire $50 goes toward the wagering requirement.
The player moves on to spend $25 playing Video Poker at 80% meaning that only $20 will go toward the wagering requirement.
Finally the player heads to the Blackjack tables and bets $25 at 10% resulting in just $2.50 of the entire $25 wagered going toward the playthrough.
$50+$20+$2.50 = $72.50
Can I Withdraw Bonus Balance 888
In total, $72.50 of the $4,000 wagering requirement has been met. The player would be best to continue on Slots for the best chance of making the playthrough.
The moment arrives when you meet the wagering requirement. First, do a happy dance….. Then get paid for all your hard work!