Relevant Terms and Conditions apply for the FX Demo Contest
IronFX Trading Competition
Register for IronFX Trading Competition today and have the opportunity to be one of IronFX winners for a FREE live account with balance up to $30,000
Trading Competition will be for 30 days starting from 15th February, 2012 till 15th March, 2012.
| Place | Award Prize |
|---|---|
| 1st | USD 10,000 -OR- USD 30,000 STP/ECN + 1,500 round turn lots* |
| 2nd | USD 2,000 |
| 3rd | USD 1,000 |
| 4th | USD 500 |
| 5th | USD 250 |
| 6th to 10th | USD 100 |
FX Demo Contest - Terms and Conditions
- IronFX Financial Services Limited (“IronFX”) is authorised and regulated by Cyprus Securities and Exchange Commission under license number 125/10 and promotes an FX Demo Contest (“FX Demo Contest”).
- For participating in this “FX Demo Contest” you have to register for the contest providing the details requested (first & last name, telephone, email, country & nickname) and be over 18 years old. IronFX’s personnel cannot participate in the FX Demo Contest. All details provided during the registration process should be correct (i.e. full name details to match the proof of identity, proof of residence to match the country of residence, etc.), otherwise the participant/winner will be disqualified from the FX Demo Contest.
- US residents cannot participate in this contest and are not entitled to receive any award prizes
- By participating in the FX Demo Contest 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.
- Upon completing the FX Demo Contest registration form, IronFX demo platform will be sent to your registered email address with your unique credentials. The demo account will be held in USD and each participant will obtain USD 100,000 virtual money to be used for the contest. Each participant in the FX Demo Contest will have to register only one time.
- A participant can be disqualified from the FX Demo contest in case he/she meets any of the following factors:
a) A participant used fake details during the registration in the FX Demo Consent.
b) A participant has more than one FX Demo Contest account;
c) Two or more participants are using the same IP address;
d) A participant is using an additional plug-in or expert advisor on his demo account that will be used in the FX Demo Contest;
e) In case a person uses dynamic IP address, in which the IP address changes instantly during the time the client is connected to the internet, then he will be exposed to be disqualified from the FX Demo Contest, even though he is entitled to a Prize. Need to point out that in cases where the IP address changes every time the client is connected to the internet this will not disqualify the client for the demo contest
- Details of the registration and completion dates can be found below:
DETAILS Start from: End on: Registration Dates 09 January 2012 29 February 2012 Competition Dates 15 February 2012 15 March 2012 a) IronFX will accept only the participants that have registered for an FX Demo Contest Account during the above mentioned dates, inclusive.
b) At the end of the FX Demo Contest, IronFX will automatically close any running/open trades at the last quoted price of the IronFX’s MT4 trading platform.
-
a) Percentage in Profit; 1st priority
Percentage of Profit = (Total Net Profit / Initial Deposit) x 100b) Percentage of Relative Drawdown; 2nd priority
Percentage of Relative Drawdown= the difference between highest (H1) and the lowest (L1) peak of the day as a percentage = [(H1-L1)/H1] x 100c) Profit Factor; 3rd Priority
Profit Factor = Gross Profit / Gross LossFor instance:
a) at the end of the contest period, IronFX will look at the percentage in profit which this will determine the winner.
b) In case 2 persons have the same percentage in profit then IronFX will look at the percentage of relative breakdown to identify the winner.
c) If percentage in profit & percentage of relative breakdown is the same then IronFX will look at the profit factor to identify the winner;
d) If all above mentioned factors are the same for clients then the said clients will have to share the given award prize.
Note: all above details can be obtained by going under “Account History” tab, right click and then you select “Save as Detailed Report”.
- FX Demo Contest award prices are set as below:
Place Award Prize 1st USD 10,000 -OR- USD 30,000 STP/ECN + 1,500 round turn lots* 2nd USD 2,000 3rd USD 1,000 4th USD 500 5th USD 250 6th to 10th USD 100 Note: 1st place winner will have the option to obtain USD 10,000 which can be withdrawn immediately without any trading limitation given that he meets all conditions stated in this terms and conditions -OR- obtain USD 30,000 with the condition that he will trade on IronFX’s STP/ECN trading account and the amount of USD 30,000 award prize can be withdrawn only after completing 1,500 round turn lots.
- For the award prize to be added into the winner’s trading account, the winner will have to:
a) provide the required documentation (i.e. proof of identification and address) to IronFX; the details provided during the registration in the FX Demo Contest have to be the same with the details in the documentation provide; and
b) his real account application has successfully passed IronFX’s compliance checks; and
c) provide the login and password that was initially sent by IronFX to the contest participant when he register for the FX Demo Contest account by sending such details to IronFX at promotions@IronFX.com; and
d) provide a detailed report of your FX Demo Contest account when and if requested by IronFX.
- provide the login and password that was initially sent by IronFX to the contest participant when he register for the FX Demo Contest account by sending such details to IronFX at promotions@IronFX.com; and
- IronFX will announce the winners within 30 days from the end of the FX Demo Contest; venue of announcement will be IronFX’s website.
- By winning an FX Demo Contest prize, the winners accept that will participate in various promotional events that will be publicly announced in various venues including IronFX’s site. Promotional events includes but not limited to interviews, photos, listing announcement of their full names, nicknames, country of origin, prizes received, etc.
- In case of refusal by the 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.
- 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.
- For winners to be able to receive the FX Demo Contest prize will need to meet all requirements set in this terms and conditions.
- If IronFX suspects that a participant has abused/manipulated or attempted to abuse/manipulate this FX Demo Contest 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