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| Competition |
1. IronFX promotes a 2013 Live Competition (“FX Live Competition”).
2. For participating in this “FX Live Competition” you have to register and be approved for a live account as well as to be over 18 years old. IronFX’s personnel cannot participate in the FX Live Competition. All details provided during the registration process should be correct otherwise the participant/winner will be disqualified from the FX Live Competition.
3. US residents cannot participate in this contest and are not entitled to receive any award prizes.
4. By participating in the FX Live Competition you acknowledge that you have read, and agreed to be bound by, these terms and conditions as well as to the IronFX Trading Terms and Conditions.
5. Details of the registration and completion dates can be found below:
| DETAILS | Start from: | End on: |
|---|---|---|
| Registration Dates | 01 October 2013 | 31 December 2013 |
| Competition Dates | 15 October 2013 | 31 December 2013 |
a. Clients can have as many live accounts they want during the FX Live Competition.
b. Minimum initial deposit for a client to be able to participate in the FX Live Competition is USD 1,000 or equivalent per trading account.
6. The FX Live Competition winners will be determined as per below factor(s):
Winning Formula: (Net Profit / Deposits) x 100
- The winner should be the one with the highest return on the closing of the market on 31 December 2013.
- Net Profit stands for Realised and Unrealised Profit and Loss.
- Deposits stands for initial deposit plus additional deposits (including granted welcome bonuses) during the competition period.
Example A
Total Deposits for the period: 7500 USD
Net Profit for the Period: 12000 USD
Return = (Net Profit / Deposits) = (12000 / 7500) x 100 = 160%
Example B
Total Deposits for the period: 25000 USD
Net Profit for the Period: 50000 USD
Return = (Net Profit / Deposits) = (50000 / 25000) x 100 = 200%
7. FX Live Competition Award Prizes are set as below:
| Place | Award Prize |
|---|---|
| 1st | SUPERCAR* -OR- USD 100,000 CASH -OR- USD 150,000 CASH STP/ECN + 9,999 round turn lots* |
| 2nd | USD 5,000 |
| 3rd | USD 5,000 |
| 4th | USD 5,000 |
| 5th | USD 5,000 |
| 6th | USD 1,000 |
| 7th | USD 1,000 |
| 8th | USD 1,000 |
| 9th | USD 1,000 |
| 10th | USD 1,000 |
| 11th | USD 500 |
| 12th | USD 500 |
| 13th | USD 500 |
| 14th | USD 500 |
| 15th | USD 500 |
| 16th | USD 500 |
| 17th | USD 500 |
| 18th | USD 500 |
| 19th | USD 500 |
| 20th | USD 500 |
| 21 to 100 | USD 100 |
*Note: 1st place winner will have the option to get (i) a SUPERCAR -OR- (ii) USD 100,000 which can be withdrawn immediately without any trading limitation given that he meets all conditions stated in these terms and conditions -OR- (iii) USD 150,000 with the condition that the winner will trade on IronFX’s STP/ECN trading account; upon the completion of 9,999 round turn lots then the winner will be able to withdraw the prevailing current balance on the STP/ECN account.
In case the 1st winner selects the SUPERCAR option (i), IronFX will arrange the shipping of the SUPERCAR to the county of his preference. The client acknowledges that he is responsible for the payment of all import taxes plus local customs expenses.
In case the winner selects USD 150,000 to de deposited on STP/ECN account, option (iii), he will be able to withdraw the prevailing current balance of his/her account upon completing 9,999 round turn lots.
8. Remaining winners (2nd to 100th) will have the option to trade with their prizes and can withdraw their prevailing balance (prize +/- realized profit and loss) at any given time.
9. For the award prize to be added into the winner’s trading account, the winner will have to:
a. Meet and has already passed the IronFX’s compliance procedures and checks; and
b. Provide a detailed report of his/her FX Live Competition account when and if requested by IronFX.
10. The participant acknowledges and authorizes IronFX to announce the daily results of the FX Live Competition on its website, including each participant’s MT4 account number.
11. Existing clients can participate in the competition by opening an additional account for the FX Live Competition purposes and can either make a fresh deposit or make an internal transfer to the new account.
12. The trading accounts held by the clients for the FX Live Competition will also be entitled to receive any other promotion offered by IronFX as long as they meet each promotion’s terms and conditions.
13. IronFX will announce the winners within 30 days from the end of the FX Live Competition; venue of announcement will be IronFX’s website.
14. By winning an FX Live Competition prize, the winners accept that will participate in various promotional events that IronFX can publicize freely on various venues. Promotional events includes but not limited to interviews, photos, listing announcement of their full names, nicknames, country of origin, prizes received, etc.
15. In case of refusal by a winner of not participating in promotional events then IronFX has the right to disqualify the winner and give the prize to the next place participant.
16. Winners who are awarded with prizes are not allowed to request to credit such prize to a different trading account holder but instead should be in the name of the participants.
17. The winners will not be able to get any additional promotions offered by IronFX, even in cases they make new deposits. The winners will only be eligible to get promotions on the difference between the new amount deposits and the award prize received.
18. Clients that have already obtained the 1st prize on previous live competitions run by IronFX will be disqualified from participating in this Competition.
19. If IronFX suspects that a participant has abused/manipulated or attempted to abuse/manipulate this FX Live Competition or otherwise acted with a lack of good faith towards us, then IronFX reserves the right, at its sole discretion, to deny, withhold or withdraw from that user the award received or promotion and if necessary to cancel any terms and conditions with respect to that participant, either temporarily or permanently, or terminate that participant’s/client’s/user's access to the service and/or block that user's Account. IronFX reserves the right to remove any plug-ins from the client’s account in case such plug-ins create complication on IronFX’s systems. In addition, IronFX reserves the right to modify, change or terminate this FX Live Competition at any time without the consent of the Client.
20. If IronFX suspects that a participant has abused the fair rules of the FX Trading Competition by hedging his positions internally (using other trading accounts held with IronFX) or externally (using other trading accounts held with other brokers) or has used any additional plug-ins (i.e. expert advisors) then IronFX reserves the right to immediate disqualify the participant/client from the FX Trading Competition without the contest of the Client.
21. All trading accounts for the FX Live Competition will be Premium account, implying that the Company will act as the principal on each client’s trade. The Company reserves the right, due to risk management, to transfer selected clients on STP/ECN environment. In case the client does not comply with IronFX’s request the participant could be disqualified from the FX Live Competition.
22. The participant/client acknowledges that Forex and CFDs are leveraged products and involves a high level of risk. It is possible to lose more than your invested capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary.
23. For winners to be able to receive the FX Live Competition prize will need to meet all requirements set in these terms and conditions.
24. This FX Live Competition terms and conditions are dated 01 October 2013.
Copyright © 2013 IronFX. All Rights Reserved
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