| 1. General provisions |
- 1.1. The FXDrive Trading Contest is organized by Forex Club Financial Company.
- 1.2. You must be 18 or older to participate in the contest.
- 1.3. The 2nd Contest Round starts on November 8th, 2009 at 21:00 GMT and ends on November 13th, 2009 at 21:00 GMT.
- 1.4. The 3rd Contest Round starts on December 6th, 2009 at 21:00GMT and ends on December 11th, 2009 at 13:00 GMT.
- 1.5 The 4th Contest Round starts on January 17th, 2010 at 21:00 GMT and ends on January 22nd, 2010 at 13:00 GMT.
- 1.6 The 5th Contest Round starts on February 7th, 2010 at 21:00 GMT and ends on February 12th, 2010 at 13:00 GMT
- 1.7 The 6th Contest Round starts on February 28th, 2010 at 21:00 GMT and ends on March 5th, 2010 at 13:00 GMT
- 1.8 The 7th Contest Round starts on April 11th, 2010 at 21:00 GMT and ends on April 16th, 2010 at 13:00 GMT
- 1.9 The 8th Contest Round starts on May 16th, 2010 at 21:00 GMT and ends on May 21st, 2010 at 13:00 GMT.
- 1.10 The 9th Contest Round starts on June 13th, 2010 at 21:00 GMT and ends on June 18th, 2010 at 13:00 GMT.
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| 2. Registration |
- 2.1. To participate in the contest, you will need to register by filling out the registration form and to install the trading platform on your computer.
- 2.2. All fields of the registration form are required. Incorrectly provided information may disqualify you from participation or prizes.
- 2.3. By registering, you explicitly agree with the contest rules.
- 2.4. Registration for the contest opens on September 23, 2009 and continues until contest is over.
- 2.5. The contest starts on June 13th, 2010 at 21:00 GMT. Contest login information and a link to the contest platform will be provided to all registered contestants upon registration and will also be given two days prior to the contest start date.
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| 3. Contest |
- 3.1. Each contestant starts with $1,000 in his virtual account. This amount can be used for making trades as allowed by the contest and cannot be withdrawn, transferred or replenished.
- 3.2. The goal of the contest is to increase the amount of the deposit by making Forex transactions using the contest trading platform.
- 3.3. There are no limitations as per number of trades or maximum trade amounts.
- 3.4. Contest ratings will be updated and displayed on the Contest Rating Page on a daily basis. Each contest participant agrees that his name will be displayed in this rating.
- 3.5. The contest starts on Sunday, June 13th, 2010 at 21:00 GMT (link to Trading Session Schedule) and ends on Friday, June 18th, 2010 at 13:00 GMT. At the moment the contest ends, all open positions in all contest accounts will be forcefully closed and realized Profit/Loss will be calculated. All contest accounts will be closed at SWAP rates.
- 3.6. The final results are announced on Forex Club company's website.
- 3.7. Only one contest account per contest participant is permitted. If a contestant is discovered to have used more than one account, he will be disqualified.
- 3.8. Each registrant must provide his real last name, name, birth date, contact phone number and email address. Forex Club reserves the right to disqualify on the basis that this information has not been provided accurately.
- 3.9. Contestants may practice on the trading platform prior to the contest's start date. All results made while practicing will not reflect on the contest results. Only profits and losses made after the contest start date will reflect on contest results. All contest platforms will be reset to a balance of $1000 prior to the start of the contest.
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| 4. Winners and prizes |
The main prize of the contest is an Infiniti FX35 SUV which will be awarded on June 28th, 2010.
To qualify for the main prize you must participate in at least one round of the FXDrive Trading Contest and must have a trading account at Forex Club Financial Company at the moment when the prize is announced.
Contestants can visit the stats page at any time to see how the top players are doing.
- 4.1. The contest winner is a percipient of the contest which has finished a round with the largest gains in his deposit.
- 4.2. If two or more participates have the same amount and qualify for the main prize, the winner will be the participant who opened a first trading position in that round of the contest. For example, if participant A made a trade on Monday at 06:31 GMT and participant B on Monday at 06:45 GMT, then, other things equal, participate A will be the winner.
- 4.3. The winner of each round gets $3,000. The prize will be deposited into the winner's live trading at Forex Club Financial Company. Participants who finish in 2nd through 5th place will receive $500 on their trading accounts. Participants who finish 6th through 10th will receive $300 on their trading accounts. If a winner does not have a trading account with Forex Club, he will be required to open it in order to claim the prize.
- 4.4. The prize funds for top 10 winners will be deposited to a trading account at Forex Club. These funds can be withdrawn after they are deposited to the winner's trading account provided that he/she has made at least 10 trades thereafter.
- 4.5. We will award the top 100 winners beneath our top 10 winners (11th-110th place winners) with a $20 bonus that will be deposited to a trading account at Forex Club. NOTE: $20 bonus card for the FXDrive Trading contest can only be deposited ONE time per client regardless of how many rounds you have participated in. Therefore, if you have already activated the $20 bonus during your first round you will not be eligible for the second round bonus.
- 4.6. The bonus code will be sent to the contest trading platform along with the instructions of how to activate it. Bonuses can be applied to any live trading account at Forex Club, including ClassicFX and ExpressFX accounts. If a participant does not have a live trading account at Forex Club, he will be require to open it in order to claim the bonus. Only one bonus can be applied per one live trading account.
- 4.7. The main prize of the contest is an Infiniti FX35 SUV, which will be awarded on June 28th, 2010. In order to be eligible to win the Infiniti FX35, you must participate in at least one contest round and have funded your live trading account with Forex Club with a minimum of $100.
- 4.8. In order to be eligible for the prizes awarded in the FXDrive Trading Contest, you must participate in at least one FXDrive Trading Contest and have a live trading account with Forex Club.
- 4.9. We are sorry to inform that all contestants from countries on the OFAC list (including Nigeria) are eligible to participate in the contest, but are not eligible to win any prizes.
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| 5. Communication |
- 5.1. After Forex Club announces the winners of the contest, the top 10 winners must contact Forex Club within 5 business days by sending an email to contest@fxclub.com with the following information:
- Full name and number of trading account at Forex Club where prize deposit should be sent.
- 5.2. Prizes will be granted in accordance with provisions 4.3 and 4.6. of these rules and only provided that participant meets all the listed requirements within 5 business days after the end of the contest.
- 5.3. The top 100 traders beneath our top ten winners (11th-110th place) will receive a bonus card for $20 within 5 business days after the end of the contest. NOTE: $20 bonus card for the FXDrive Trading contest can only be deposited ONE time per client regardless of how many rounds you have participated in. Therefore, if you have already activated the $20 bonus during your first round you will not be eligible for the second round bonus.
In order to receive the prize money all participants must have an open trading account with Forex Club. To activate the bonus card please login to your trading account in MY-FXBank.
- 5.4. All participants who receive the $20 bonus card will have 7 days to activate their bonus card. If a bonus card is not activated within 7 days after the day it is sent from Forex Club, the card will expire and the contestant will no longer be eligible for the $20 cash bonus.
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| 6. Other |
- 6.1. Forex Club reserves the right to change rules of the contest at any moment.
- 6.2. Forex Club reserves the right to disqualify any contestant without providing an explanation.
- 6.3. Forex Club's customer support department does not provide support or consultation for the contest accounts.
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