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The Contest is sponsored by Global Derivative Capital Markets NZ Limited, hereinafter referred to as GDMFX and the Company.
· The contest starts on August 20th, 08:00 GMT until September 20th 08:00 GMT 2015.
· Registration for the Contest ends on August 20th, 08:00 GMT.
· Registration for this Contest / and/ or entry in the Contest constitutes your agreement to these Rules and you will not be eligible for the prize unless you agree to these Rules.
Contest prizes: the prize fund of the contest is 10 000 USD
· 1st place is awarded with 5000 USD
· 2nd place is awarded with 3000 USD
· 3rd place is awarded with 2000 USD
· Only persons of legal age (18 or higher) can take part in the Contest.
· One person can only open one contest account.
· Each participant must be able to open a live account with GDMFX in order to receive the prize. Participants who do not meet the criteria of GDMFX for opening a live account with the Company shall be disqualified and the Company shall reserve the right to withhold the award and name a different winner.
· Each participant agrees to provide real data during the registration. Providing fake data may result in disqualification from the Contest at any stage.
· The Company reserves the right to reject or disqualify any participant who is breaching the terms set herein and in all cases when the Company has reasons to believe that the contestant is engaged in fraudulent or otherwise unfair trading methods / practices including but not limited to:
◦ Any kind of IP match between two or more participants shall be grounds for disqualification.
◦ Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the Contest.
· Each contest account shall have the same trading conditions:
◦ Account type – similar to GDMFX Blade account
◦ Initial deposit – 10 000 USD
◦ Leverage: 1:200
◦ Minimum volume – 0.01 lot, maximum volume – 1000 lots, step size - 0.01 lot, maximum number of open positions/pending orders - 200
◦ For Binary Options trading: minimum volume – 10 USD, maximum volume per BO trade – 1000 USD, combined BO investment maximum – 2000 USD, maximum number of BO open positions - 10
◦ All trading techniques or EAs are allowed with the exception of those outlined in these terms.
· All the current contest stats shall be available at myFXbook website.
· On the contest finish date, all open orders shall be automatically closed at the current market rates.
· The winning participants are required to have achieved a minimal trading activity of 50 Lots for the duration of the contest.
· The participants with the highest balance who also adhere to all other conditions set herein shall be announced as winners.
· Winners agree to the publication of their names in the GDMFX Company news and Social pages.
· Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at www.gdmfx.com and the company's official Social pages.
· The prize is paid into the winner's real / live account with GDMFX within 20 calendar days of the announcement of the winners and can be withdrawn without restrictions.
◦ In all cases when the announced winners do not already have an approved live account with GDMFX, documents and aditional information shall be requested in order to open such an account as per the standard Account Opening procedures of the Company. In case discrepancies in the data initially provided by the winner and the supplied documents are found, the winner shall be disqualified. In case the winner is unable to open a live account within 20 business days, he/she shall be disqualified.
· In case two or more contest winners have equal balances in the end of the contest, the respective prize will be shared among them equally.
· The Company reserves the right to declare any prize already given invalid and subject to cancellation upon direct or indirect evidence of attempted fraudulent operations with the prize funds.