Terms and Conditions - Cash Referral Program

  1. Virtual Brokers 2016/2017 Cash Referral Program. Limited Time Offer

By participating in Virtual Brokers Cash Referral Program, you agree to the following terms and conditions:

  • If you ("Referring Friend") choose to refer our services to your friends (each, a "Referred Friend"), you may indicate in your communication to your Referred Friends that you will be eligible to receive a referral fee of $25 for each referral and + $50 bonus for every 3rd (third) referrals to Virtual Brokers by January 31, 2017, credited to your Virtual Brokers brokerage margin account as described below by March 31, 2017 and the account of the Referred Friend is activated and funded with at least $1,000 in net equity.
  • By participating in the Cash Referral Program, (i) you are deemed to consent to the payment by Virtual Brokers to you of the aforementioned referral fee to your margin account and to the collection, use and disclosure of your personal information in accordance with the Virtual Brokers Privacy Agreement ("Policy"), as such Policy may be amended, a copy of which can be found at www.virtualbrokers.com. and (ii) you confirm that you have received the consent of each friend whom you are referring, to provide his/her name and contact information to Virtual Brokers
  • The referring friend confirms that those who you are referring are family or friend.
Definition of "Friend or Family"
  • A friend, for the purposes of this offer, is someone with whom you have a personal relationship. A "personal relationship" is defined as a relationship between two people who have had direct, voluntary two-way communications where it would be reasonable to conclude that the relationship is personal.
  • "Family relationship" for the purposes of this offer sharing is a relationship between two people related through a marriage, a common law partnership, or any legal parent-child relationship, who have had direct, voluntary two-way communications
  • The Referring Friend will be eligible to receive $25 CAD once an account is opened and funded based on the minimum balance of $1,000 in the account(s) within 60 days of opening such account(s) and maintain a minimum balance of $1,000 in net equity in the account for 60 days after funding the account. Transfer of assets must come from outside of Virtual Brokers to quality.
  • If the net equity in the Referred Friend's account falls below $1,000 during the 60 days after funding the account due to market fluctuations, the Referring Friend and the Referred Friend still qualify for the incentive. If the net equity in the Referred Friend's account falls below $1,000 during the 60 days after funding the account due to withdrawals, the Referring Friend and the Referred Friend will not qualify for the incentive.
  • Cash rewards will be deposited in the margin account of the Referring Friend and trade rebates to the Referred Friend by March 31, 2017.
  • The qualifying new account holder: (a) who has been referred to Virtual Brokers by a current Virtual Brokers customer as set out above and in accordance with Virtual Brokers' criteria, (b) who does not already have a Virtual Brokers account and did not have a Virtual Brokers account in the previous 12 months, and (c) who opens his/her new Virtual Brokers account(s) by January 31, 2017, funds the account(s) with at least $1,000 in net equity (transfer of assets must come from outside of Virtual Brokers) within 60 days of opening such account(s) and maintains a minimum balance of $1,000 in net equity in the account(s) for 60 days after funding the account(s), will have $25 CAD deposited to the new account holder's account by March 31, 2017. Friends that fund their accounts with a balance of $25,000 to $49,000 will receive $50 and those with a balance of $50,000 or greater are entitled to $75 per account.
  • Referring Friend must have a qualifying investment margin account in good standing. This offer is not valid if there are any outstanding margin calls or any outstanding documentation relating to the account of the Referring Friend.
  • Program participants must operate in good faith, and participants must have the intention of maintaining a brokerage relationship with Virtual Brokers.
  • Offer not valid for residents of Quebec or Manitoba, non-Canadian residents, clients of Investment Counsellor Portfolio Managers or employees of Virtual Brokers.
  • Offer not valid if the Referring Friend sent an email referring the friend after the Referred Friend opened the Virtual Brokers account.
  • Virtual Brokers reserves the right to modify and/or terminate this offer at any time without notice.
  • Virtual Brokers reserves the right to disqualify any user from the Program at any time, for any reason.
  • Cash rewards will be deposited to client's qualifying Virtual Brokers account. No other forms of payment will be made. (I.e. Virtual Brokers will not forward the amount via cheque or Electronic Funds Transfer).
  • If payment is made in error, or is determined to be the result of deceptive practices, Virtual Brokers reserves the right to decline or reverse payment.
  • When a Referring Friend's qualifying account is closed, they are no longer eligible for any Program Rewards.
  • The Referring Friend must use the email address associated to their Virtual Brokers account when making referrals.

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