Terms of "Stream Insurance" Service
Terminology. Insurance – a service that enables the Client of the Company to increase the level of free funds on the trading account by calculating the Sum insured.
Sum insured– the amount that is credited to the "Credit" field at the time of insurance activation.
Insurance Activation – the state of the Client's trading account that meets the conditions for activating the insurance and crediting the Sum Insured.
Insurance period – the period during which the activated insurance is valid. The terms used in the text of this Regulation, definitions that are absent in this section, are subject to interpretation in accordance with the Public Offer Agreement, business customs and practices used in the field of exchange trading and derivative financial instruments.
1. General Regulations
1.1. Insurance is provided to the Company's Clients solely to maintain the activity of the trading account;
1.2. The insurance can be activated until the moment of the forced closing of trade orders ("Stop Out");
1.3. The Client realizes and understands that the purchase of the Insurance does not exclude the onset of the "Stop Out" level;
1.4. The insurance can be activated after the moment of the forced closing of trade orders ("Stop Out");
1.5. The insurance is valid for 90 days from the date of its activation;
1.6. The insurance can be activated within 100 days from the date of replenishment of the account;
1.7. Activation of the Insurance is done independently by the client;
1.8. The service is not applicable to "Cent" accounts.
2. Conditions and Procedure for Obtaining Insurance
2.1. Insurance is available with every deposit to the account from $50 and above;
2.2. In case of withdrawal of funds, insurance is credited for the difference between the amount of deposit and withdrawal of funds for the last 30 days;
2.3. To obtain insurance, the Client needs to select "Stream-Insurance" in the "Services and bonuses" field when making an account deposit";
2.4. The insurance is valid exclusively for the trading account to which the deposit was made in accordance with clause 2.2;
2.5. The amount of the insured amount depends on the amount of the deposit to the trading account, as well as on the client's status in StreamClub:
Sum insured (% of the deposit amount)
Extra percentage from StreamClub
from $50 to $99
from $100 to $199
from $200 to $499
3. Insurance Activation Procedure
3.1. Insurance activation is available when the level of free funds is less than 50% and more than the Stop Out level, in accordance with the specification of contracts of this type of account;
3.2. The insurance can be activated after the moment of the forced closing of trading orders ("Stop Out") if the account equity (Equity) is less than $5;
4. Final Regulations
4.1. The insurance is credited to the trading account in the "Credit" column and is completely unavailable for withdrawal, but at the same time it fully participates in maintaining free funds and the margin level, including in the event of a drawdown (the Stop out level on the account does not change, but still corresponds to the level, declared in the section "Specification of trading instruments" on the Company's website).
4.2. The insurance is debited in full:
- in case of expiry of the Insurance Period;
- in case of transferring funds to another trading account, or to a vault.
- in case of confirmation of the request for withdrawal of funds with a code from an SMS-message.
- if there are no open orders and the amount of "Equity" on the trading account is equal to or less than $2.
4.3. StreamForex administration reserves the right to make changes to these Regulations, about which the company will inform the participants of the promotion in advance.