Terms and Conditions:
I. Conditions of eligibility.
1. You are eligible to claim the prize from the ACFX Trading Contest if:
a) You are over eighteen (18) years of age;
b) You are eligible to hold a live Trading account with Atlas Capital Limited. In cases when you are not eligible to hold an account with ACFX the prize
will be given to another participant.;
The top three participants with the highest account balance at the end of the contest will receive prizes as follows:
1st prize: 5000 USD;
2nd prize: 3000 USD;
3rd prize 2000 USD;
4th prize 1000 USD;
a) The prize will be given in the form of a funded live account which can be used for trading and is not subject to withdrawal.
b) The funds will remain in the account for duration of three (3) months and can be used for trading. Once the three month period ends, ACFX will withdraw
the funds from the client’s account (Winners can withdraw all profits made within those three months, but not the prize itself).
III. Contest Period
The ACFX Trading Contest will be held in two stages:
1) Registration stage:
The registration stage will start on the 1st March, 2013. All demo registrations made prior to this time will not be eligible to compete in the contest.
Participants who would like to participate in the ACFX Trading Contest and already have an ACFX MT4 demo account should register for a new demo account
using the form after the commencement of the contest;
The opened demo account shall remain inactive and the participant shall not be allowed to trade until the next stage of the. ACFX Trading Contest starts.
The registration stage shall end on 25th March,2013
2) Participation stage:
The participation stage of the contest will start on the 25h march all registered accounts shall be activated and participants can start trading;
The participation stage shall end on 26th April
IV. Financial Instruments
Participants who take part in the ACFX Trading Demo contest trading spot forex instruments only. All other CFDs will be disabled to insure fair
V. Rules for participation
a) All participants must cover the requirements under art. III;
b) All participants need to register for a Free Demo Trading Account. Each participant must enter his/her real name and a valid e-mail address. All
accounts with invalid name, email or telephone number will be disqualified.
c) By checking the completing the Contest registration Form the participant consents to his/her personal data being processed by ACFX will be made public
on both ACFX.com and forexcompetitions.com.
d) Each participant starts trading with $50 000 virtual USD as an initial margin deposit.
e) The final rankings of the ACFX Demo Trading Contest are published on forexcompetitions.com.
f) Each participant can only register one demo account for participation in the ACFX Trading Contest. Participants must act on their own behalf and not on
behalf of any other person.
g) ACFX reserves its right to disqualify any participants without providing any reasons or prior notice
VI. Award Announcement
a) The top three winners in the Contest ranked by their account balance on the last day of the contest (after all positions are automatically closed) win
prizes as follows: 1st prize: 5000 USD; 2nd prize: 3000 USD; 3rd prize 2000 USD;
b) ACFX will send an invitation to the first three winners in the contest to obtain their prizes. The invitations will be sent via email to the email
addresses provided during the registration. Invitations will be deemed received unless ACFX receives an error delivery message.
c) ACFX in its absolute discretion reserves the right to refuse to award a prize to a participant without liability if: o There is reasonable doubt or
there is reason to consider that the trading turnover that has been realized by the winner is achieved through execution of fictitious trades or other
deceitful means which has given him/her the priority in the final ranking or there is otherwise evidence of improper manipulation; o The personal
information as verified does not match with the provided information during the demo registration; o The participant has not registered with his/her true
email address; o There is reasonable doubt that the account of the client is managed by or on behalf of a third party.
d) If a participant is disqualified from the. ACFX Trading Contest for any reason, ACFX will award the prize to the next positioned participant in the
VI. Additional conditions
a) Any dispute under these terms and conditions will be resolved by ACFX acting fairly, so far as reasonably practicable, to all parties concerned.
b) All decisions and actions taken by ACFX regarding the competition will be final and binding on the participants and without liability.
c) ACFX reserves the right to alter, amend or terminate the Contest and its terms and conditions or any aspect of them, at any time and without prior
notice. All participants will be notified of any such changes by posting of the modified Terms and Conditions on our website. ACFX recommends that all
participants should regularly visit these Terms and Conditions.
d) The system will close all open positions at the end of the contest.
e) These terms and conditions and the contract constituted by them and any dispute or claim arising out of or in connection with them or its subject matter
or the formation of any contract (including non-contractual disputes or claims), shall be governed by, and construed in accordance with, Cypriot law, and
the parties irrevocably submit to the exclusive jurisdiction of the courts of the republic of Cyprus.