Trading turnover is the sum of profitability of all trades made since the crediting of the bonus. The amount of trading turnover depends on the size of the bonus.
You can use this formula to calculate the required trading turnover:
The amount of the bonus multiplied by the leverage factor.
A leverage factor can be:
- Specified in the bonus.
- If it’s not specified, then for bonuses less than 50% of the deposit the leverage is 35.
- For the bonuses more than 50% of the deposit the leverage is 40.
Example. A trader deposits $50 and uses a bonus to get +20% on the deposit. They will receive $10 in bonus funds and a total of $60. In this case, since the bonus doesn’t exceed 50% of the deposit amount, the leverage factor will be 35. The amount of trading turnover to complete will be: $10 * 35 = $350.
Both successful and unsuccessful trades count for trading turnover, but only the asset’s profitability is taken into account; the initial investment is not included.
Refer to the “How to calculate trading turnover?” for more information.