3.1 Every deposit to a PowerMatch account must be at least one hundred USD ($100); smaller deposits are not accepted to this account. You may deposit while positions are open. When an accepted deposit is credited to the trading account, it is added to your Real Balance and your PowerMatch credit is recalculated immediately on your Matched Amount (clause 3.2), at the band rates in this clause, up to the maximum in clause 3.4. A deposit can only increase your PowerMatch credit; it never reduces it. The hourly reconciliation in clause 4.2 applies to changes arising from trading.
3.2 PowerMatch is calculated on your Matched Amount, which is the lower of your Real Balance and your Real Equity:
(a) Real Balance means your settled own funds: your deposits, less withdrawals, plus or minus closed trading profit and loss, less commissions and swaps, excluding PowerMatch credit.
(b) Real Equity means your Real Balance plus or minus the current floating profit or loss on open positions, excluding PowerMatch credit. For this calculation, Real Equity is never treated as less than zero.
(c) Because the lower of the two is used, profit on open positions never increases your PowerMatch credit until it is realised by closing the position, while losses on open positions can reduce it.
3.3 Each portion of your Matched Amount earns the rate shown for its band. The rates are marginal: reaching a higher band does not change the rate already applied to lower bands.
3.4 The maximum PowerMatch credit is three thousand USD ($3,000). For example, two thousand USD ($2,000) of Matched Amount earns one hundred USD ($100) on the first one hundred USD ($100), four hundred and fifty USD ($450) on the next nine hundred USD ($900), and three hundred and fifty USD ($350) on the next one thousand USD ($1,000): nine hundred USD ($900) in total.
3.5 At a scheduled reconciliation, a positive Matched Amount of one hundred USD ($100) or less is matched at 100%: your PowerMatch credit equals your Matched Amount. There is no minimum PowerMatch credit amount. This does not change the minimum deposit or withdrawal requirements.
3.6 If a deposit is reversed, charged back, rejected or otherwise not finally received by the Company, that deposit shall cease to qualify for PowerMatch. The Company may recalculate and remove the credit attributable to it, recover any resulting account shortfall, and restrict the account while the transaction is investigated, subject to the General Terms and Conditions and applicable law. Removing credit may affect margin and result in the closure of open positions.
| Portion of Matched Amount | PowerMatch Rate |
|---|
| First USD 100 | 100% |
| Above USD 100 to USD 1,000 | 50% |
| Above USD 1,000 to USD 3,000 | 35% |
| Above USD 3,000 to USD 10,000 | 25% |