|
Contest Status: Started
Contest End Day: 4 p.m. EST April 18th 2008
Prize: A Live Trading Account with GFS Forex & Futures, Inc. with an initial deposit of $5,000.
Contest Rules
- All contest accounts will begin with a demo trading account of $25,000 USD.
- Contest demo accounts will be active immediately after signing up. At 5pm EST, March 17th 2008, all account balances will be reset to $25,000 for the start of the trading competition.
- All participants will have access to the contest trading account with OperaFX Pro during the contest period. Access will be disabled when the contest is terminated.
- All orders for the contest must only be placed through GFS online trading platform OperaFX Pro.
- To remain active in the contest and eligible for the prize, each contestant must trade a minimum of five (5) round turn transactions per week for the duration of the Contest.
- Contest accounts which are refilled during the monthly contest period will lose the right to win the contest.
Winner Determination
- A leader board will be updated daily showing the top ten traders in the website.
- On Friday, April 18th 2008, all contest accounts will be marked to market at 4 p.m. ET to determine the closing account equity (cash balance + floating P/L). Open position need not be liquidated for purposes of determining the Winner.
- The contestant with the highest effective margin in the account wins the prize. In the event of a Tie, the prize goes to the participant who trades most in term of liquidating lots. If this cannot resolve the Tie situation, the prize will be split evenly amongst the tied Contestants.
Other Terms and Conditions
- The Contest is subject to all applicable laws in the United States. Void where prohibited or restricted by law.
- The credit awarded to the winner's live account cannot be withdrawn. All trading profits in excess of the prize can be withdrawn. The winner must claim his prize by submitting a complete live account application together with supportive documents to GFS Forex and Futures within 30 days of winning the contest. Prize will be credited subject to and contingent upon approval of the application. Applications submitted to GFS that do not meet requirements may be rejected.
- Participants must agree and allow GFS Forex & Futures, Inc. to publish or distribute their trading record and information of the contest account during and or after the contest period.
- All money and profit in the contest account is fictive and cannot be converted to real money or real trading account.
- All disputes, appeals and problems will be evaluated by GFS Forex & Futures, Inc. and the decision will be considered binding and satisfactory.
- GFS shall not be liable to any delays of order acceptance or transmission caused by system breakdown or failure of all kinds.
- Employees of GFS, its subsidiaries, affiliates, suppliers or their immediate families are not eligible. Persons employed by a firm whose principle business is online foreign exchange trading its subsidiaries, affiliates or their immediate families are not eligible. By entering, contestant agrees to abide by these Official Rules and the decisions of GFS, which are final and binding.
- GFS, in its sole discretion, may prohibit entrants from participating in the Contest and disqualify entries if they attempt to enter the Contest through means not described in the rules, misrepresent themselves in any way on their GFS Forex and Futures, Inc. trading application, attempt to disrupt the Contest or circumvent the rules, or act in an un-sportsmanlike manner or with intent to annoy or harass any other Contestants or GFS. GFS reserves the right to amend, waive or interpret any rule in its sole discretion when doing so would be in the best interests of the contest. GFS reserves the right to shorten or extend the Contest period or to cancel the contest if GFS, in it its sole discretion, determines that such action is reasonable or necessary. All decisions are final.
- Under no circumstances will GFS or any affiliated persons or entities be liable for electronic, computer, telephone, network, internet or other technical or human error(s) which may occur in connection with the Contest. Under no circumstances will GFS or any affiliated persons or entities be liable for any injury or damage to person or property, which may be caused, directly or indirectly, from participation or attempted participation in the Contest.
|
