General Provisions.
Registration.
Prize Fund.
Holding of the Contest.
Contest Judging.
Conditions for receiving a rewarding bonus.
1. General provisions.
1.1. The contest organizer is the “World Forex” Company "World Forex"
1.2 Taking part in the contest is free of charge.
1.3 The competition is open to everyone, regardless of nationality, gender, ethnicity, occupation, there is a real or demo account. The contest is not open to employees of the company "World Forex" as well as their family members and relatives.
1.4. The date and time of the Contest start as well as its duration are additionally announced on the contest page, placed on the Company’s website.
1.5. The Contest is the competition among traders. That is why, in particular, using automatic trading strategies that do not suppose human’s (trader’s) involvement for making decisions reasoning from the current market situation is not allowed.
1.6. Each Participant can use only one contest account over the whole period of the Contest. Detecting the Participant’s activity on more than one registered account will result in his/her automatic disqualification. We strongly recommend you not to use the internet connection via the mobile network operators in order to prevent IP address match between the participants. Such matches can be considered as contest rules violation and at the discretion of the contest committee such participants can be disqualified.
1.7. Participants of the contest cannot use a VPS server. Using a VPS server on content account, where trade advisors are disabled, is inappropriate and will be regarded as concealing the real IP address of the participant. Such participants will be disqualified.
1.8. Proxy server use is not allowed while taking part in the contest. The fact of using a proxy server will be regarded as the attempt to conceal the participants’ real IP address. In case of revealing, such participants will be disqualified.
1.9. The citizens of the following countries: Indonesia, Pakistan, Bangladesh, India, Tadzhikistan are not allowed to take part in the contest.
2. Registration.
2.1. Registration and participation in the current contest is possible from the moment of the contest announcement as well as at any moment during holding of the current contest (after its start), but not later than 7 days before its completion.
2.2. The trading- analytical platform World Forex Trade Station (MetaTrader4) or the web-platform WebTrader. Mobile versions of the terminal for smartphones or tablet PCs
2.3. For Binary options trade on the MetaTrader 4 platform it is necessary to download and install additional software WForex FX LITE for MT4 available in the section "Trading terminal" on the company’s website. Mobile versions of the trading platform are available for download on a specialized resources Google Play and iTunes accordingly.
2.4. In order to take part in the contest it is necessary to register on the company’s site, fill in the personal data application form and proceed to the section “Contest” on the site. Being in the authorized status, confirm the participation and choose a contest account group. By registering to take part in the Contest, the Participant denotes his full consent with the present rules.
ATTENTION! Name, e-mail address and telephone number stated by a Participant must be real! Otherwise, a Participant is deprived of the right to receive prize money in case he/she wins the contest. Registration data change during the contest process is not carried out and not allowed.
2.5. Upon the registration a contest account is opened (a unique number – login and password is assigned) to a Participant. Received data are used for participation in the contest and virtual trade by means of a trading terminal.
2.6. All Participants’ contest accounts have the same start value of the balance by the moment of the contest starts– 10 000 US virtual dollars; leverage – 1:100.
3. Prize Fund.
3.1. Total Prize Fund of the contest is dynamic. Actual information can be found on the contest page.
3.2. Prize Fund is allocated by the contest committee among the prize winners according to the position in the rank of the Participants at the time of contest results review. The rank is made automatically in the real-time mode resulting from the current values of the Participants’ balances.
The Participant who wins the contest receives the electronic prize voucher for the trading account deposit at nominal amount:
Forex Prizes
| 1 | place prize $800 |
| 2 | place prize $600 |
| 3 | place prize $500 |
| 4 | place prize $400 |
| 5 | place prize $300 |
| 6 | place prize $250 |
| 7 | place prize $230 |
| 8 | place prize $200 |
| 9 | place prize $180 |
| 10 | place prize $160 |
| 11 | place prize $150 |
| 12 | place prize $140 |
| 13 | place prize $130 |
| 14 | place prize $120 |
| 15 | place prize $110 |
| 16 | place prize $100 |
| 17 | place prize $90 |
| 18 | place prize $85 |
| 19 | place prize $80 |
| 20 | place prize $75 |
| 21 | place prize $70 |
| 22 | place prize $65 |
| 23 | place prize $60 |
| 24 | place prize $55 |
| 25 | place prize $50 |
|
Binary options Prizes
| 1 | place prize $800 |
| 2 | place prize $600 |
| 3 | place prize $500 |
| 4 | place prize $400 |
| 5 | place prize $300 |
| 6 | place prize $250 |
| 7 | place prize $230 |
| 8 | place prize $200 |
| 9 | place prize $180 |
| 10 | place prize $160 |
| 11 | place prize $150 |
| 12 | place prize $140 |
| 13 | place prize $130 |
| 14 | place prize $120 |
| 15 | place prize $110 |
| 16 | place prize $100 |
| 17 | place prize $90 |
| 18 | place prize $85 |
| 19 | place prize $80 |
| 20 | place prize $75 |
| 21 | place prize $70 |
| 22 | place prize $65 |
| 23 | place prize $60 |
| 24 | place prize $55 |
| 25 | place prize $50 |
|
The prize table consists of 50 participants (25 to each contest accounts group). The prize fund amounts 10 000 USD that are proportionally shared among the contest accounts groups. This table displays prize sums, assuming that the contest accounts proportion equals 50/50 (%).
3.3. The Participants who take the prize place will receive a guaranteed prize voucher to deposit a trading account, at nominal amount defined in the prize winners’ list. A prize voucher and instructions for its depositing will be provided by a help and support operator via telephone or sent to the e-mail address assigned to the contest Participant.
All registered participants of the contest receive 500 points due to the customer loyalty program World Forex Club
3.3.2 Additional 500 points due to the loyalty program are not granted to the clients who have already received 500 points for participating in the previous contests.
3.4. The main condition for depositing a prize voucher is availability of the verified telephone number in the Participant’s profile.
3.4.1. The Company has the right to request the identity and address verification from the contest participant who takes a prize place.
3.5. Should a Participant win, he/she on his/her own opens a real trading account in the personal Cabinet. A Participant can choose a trading account type and currency according to the own preferences. Crediting a prize voucher is carried out in the equivalent to the official currency rates stated at the moment of crediting.
3.6. Prize accounts have the status same to real working accounts.
3.7. Prize funds are available for trading but not for withdrawal. A Participant has the right to withdraw the profit resulting from the trading above the prize funds in any amount, provided that trading will be carried out on the following types of real accounts: W-CENT, W-PROFI, W-ECN. For the accounts of W-OPTION type the required condition for the money withdrawal is certain turnover on the account. The turnover can be calculated according to the following formula:
3.7.1 At withdrawal of the profit received resulting from trading a prize bonus, the Company is entitled to decline a request for withdrawal in the currency or via a payment system stated by a client, and offer withdrawal in other currency or via other payment system upon own discretion.
Prize amount * 10
For example: prize amount is 500 USD, the turnover on all deals on Binary options shall add up to 5 000 USD (the amount of all investments). 3.8. The Company reserves the right to cancel prize funds under the condition that the profit received above the prize funds is over 150%.
4. Holding of the Contest.
4.1. The Contest presents the counteractions of traders who carry out trade operations on a contest account. Trading is available with instruments of Forex group and Binary options assets on the divided contest accounts.
4.2. Minimum contract / investment and a contract / investment step on a contest account are:
Forex instruments: min. contract - 1.00 (one) lot/ contract step – 1.00 (one) lot
Crypto: min. contract - 1.00 (one) lot/ contract step – 1.00 (one) lot
Binary options: min. investment – 1 000 virtual USD / step – 500 virtual USD
4.3. While taking part in the Contest, at any point of time a Participant can have not more than 10 (ten) lots in total, on all positions of the Forex or Crypto group instruments and opened positions on Binary options not more than in the amount of 10 000 virtual USD, option «0-100» - 5 000 USD.
4.4. For the time of holding of the contest the number of completed deals, carried out by a Participant, shall not be less than or equal to 10.
4.5. The rules of concluding deals on the instrument of Forex group on a contest account fully conform to Section 4 “Rules of transactions”, described in the Public Offer Agreement.
4.5.1 Cryptocurrency trade is available in 24/7 mode from 00:00 on Monday to 23:59 on Sunday.
4.6. The rules of concluding the deals on Binary options on a contest account conform to Section 5 “General provisions for binary options trade”. Trading assets of European options on a contest account contain letters “bo” (EURUSDbo, USDJPYbo, etc.); for American Options - “abo” (EURUSDabo, USDJPYabo, etc.) at the end of the symbols.
4.6.1 Cryptocurrency trade on Binary options is available in 24/7 mode from 00:00 on Monday to 23:59 on Sunday.
4.7. At the moment of the Contest finish all opened positions are closed forcedly. The current profit / loss value on them are recorded on the trading balance. In case if at the moment of the Contest finish a Participant has opened deals on Binary options expiring after the Contest finish, they will also be closed forcedly; in such event, the amount of investments on these options will not be refund to the account balance.
5. Contest Judging.
5.1. The Contest judge is the contest committee of the "World Forex" Company. All the decisions made by the committee are ultimate and not subject to any appeal.
5.2. The Participants who have violated the present Rules are subject to disqualification in the current Contest. Disqualification of a Participant in the current Contest does not deprive him/ her of the right to take part in the forthcoming traders’ contests.
5.3. The Administration of the "World Forex" Company is entitled to demand passing the identity verification from the participant who has taken a prize place in the contest.
5.4. All disputes, offers and questions arising in the contest process as well as during the contest results review shall be sent via feedback on the page “Feedback form”, section “Support”, or from the personal field of the personal Cabinet, section “Support” with the obligatory denotation “Traders’ Contest” in the ground for the message.
5.5. All disputes, offers and questions associated with the Contest submitted by any other means or directed to any other departments of the Company are not accepted for consideration.
5.6. The following disputes are not accepted from the Participants:
• - connected with the failure to carry out transactions on a contest account caused by poor connection quality either on the side of the contest Participant or on the side of one of the "World Forex" Company’s providers.
• - connected with quotes levels in the “WForex Trade Station” trading platform, with an exception of cases of obvious errors.
5.7. The administration of the "World Forex" Company has the right to suspend or terminate the contest should the technical problems arise at the providers’ servicing the equipment of the company; or in the conditions of unusual circumstances occurred after the contest start, which the administration of the Company could not whether predict or prevent by means of reasonable measures.
5.8. The administration of the "World Forex" Company reserves the right to amend the present Rules, about the fact of which the Company will inform contest Participants in advance.
5.9. The Company reserves the right to refuse a Participant in registration or to disqualify him/ her without explaining any reasons.
6. Conditions for receiving a rewarding bonus.
6.1.1 If a client has not met the condition of an active participation in the contest and has performed less than 10 full deals he/ she has the right to receive a rewarding bonus, a proviso that withdrawal of the profit resulting from trading this bonus will be available only upon fulfilling the turnover conditions:
Forex – 1 standard lot
Binary options – 20-fold amount of investment from the bonus amount.
6.2 The main condition for crediting a rewarding bonus is availability of the verified telephone number in the participant’s profile.
6.2.1. The Company has the right to request the identity and address verification from a contest participant in order to receive rewarding bonus.
6.2.2 The Company has the right to refuse granting a rewarding bonus to a client if a participant has already received 2 or more rewarding bonuses and the amount of own replenishments does not exceed 25% from the amount of received bonuses.
6.3 A participant has the right for crediting a rewarding bonus to a trading account of any type available for trade in the World Forex Company.
6.4 The Company within 10 calendar days grants an electronic voucher for depositing a trading account to the amount of 10 USD by sending an e-mail to the address assigned to the Participant. In some cases, a rewarding bonus may be granted via telephone.
6.5 A rewarding bonus is not subject to withdrawal and available for trading only. The profit resulted from the trading bonus funds on the trading accounts W-CENT, W-PROFI, W-ECN can be withdrawn in any amount; on the W-OPTION accounts (Binary options) only upon meeting the requirement for the certain turnover on the account. The turnover can be calculated according to the following formula:
Bonus * 10
For example: bonus amount is 10 USD, the turnover on all deals on Binary options shall add up to 100 USD (the amount of all investments).
6.5.1. At withdrawal of the profit received resulting from trading a promotional bonus, the Company is entitled to decline a request for withdrawal in the currency or via a payment system stated by a client, and offer withdrawal in other currency or via other payment system upon own discretion.
6.6 The Administration of the “World Forex” company is entitled to demand passing the identity verification from the participant who has received a promotional bonus.
6.7 A rewarding bonus is the Company’s property and can be called back at any moment without explaining any reasons.
