You can receive up to £250 cash back against realised net losses; during the first 8 weeks of your new spread betting account being opened; as long as you open your account with a minimum deposit of £500 (or currency equivalent)(see full terms and conditions below)
Effectively, this means that should you lose up to £250 during the promotional period, WorldSpreads Ltd. will credit your trading account up to this amount.
Alpesh Patel Spreads will refund net losses incurred by new clients in their first eight weeks as a client.
How do I qualify?
To qualify for the offer, you must be accepted by Alpesh Patel Spreads as a new client. The offer is not available to employees of Worldspreads or its affiliates; to existing clients; or to members of their households. You must fund your account with at least £500 and commence trading within four weeks of opening your account. You must complete a minimum of ten closing trades within the first eight weeks of your account being opened. You must operate the account at all times in accordance with our normal terms and conditions. In the event that you incur losses, you may claim a refund of up to £250 of net losses.
How do I claim?
You may claim only once under the cash back scheme. Claims may be made by telephone, by e-mail or in writing. They must be received by Alpesh Patel Spreads within 10 weeks of the date on which your account was opened and will be processed within 2 working days of receipt.
How much will I get?
If you submit a valid claim, we will reimburse your net losses up to a maximum of £250. Net losses will be the sum of the amount you have won or lost on all closed bets plus Alpesh Patel Spreads estimation of the amount you have won or lost so far on open bets. We will use our best endeavours to value open bets fairly but our estimation will be final and binding for the purpose of this offer. The money will be credited to your trading account and may not be withdrawn for 12 weeks from the date it is posted to your account. Where your account is not denominated in British pounds, the maximum claim will be the equivalent based on our rates at the time your claim is processed.
Can I still lose?
Yes. Spread bets are geared products. This means that you will make bigger profits if the market goes your way. But it also means bigger losses if it goes against you. Never enter into a bet that you cannot afford to lose. Neither the £250 cash back offer nor the money you place on your account will limit your potential losses if the market moves against you. You should ensure that your spread betting strategy meets your investment objectives. If in doubt, you should consult a financial advisor.
The offer is not available to existing clients of WorldSpreads or any of its affilliates.
Alpesh Patel Spreads reserves the right to refuse any offer to any client for any reason, or to withdraw the offer at any time. No correspondence will be entered into.
Worldspreads is Authorised and Regulated by the Financial Services Authority.
