Registration period: June 10 – August 10, 2014.
Competition period: July 28 – August 15, 2014.
Available to: all.
To participate: open demo via contest page during registration period.
To win: get highest return.
Prizes:
- $10,000 prize fund – 50 winners
- Share contest page to Facebook, three lucky winner get $100 each (draw)
Withdrawal condition: contest prizes are for trading only, profit can be withdrawn.
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Source: Weltrade – “Summer Madness” Trader Tournament
Contest rules
Weltrade welcomes you to join the competition of traders! According to the procedure and conditions described herein (hereinafter – the “Rules”) the fact of registration in the competition constitutes your agreement to the Terms.
- 1. General rules.
- 2. The Prize Fund.
- 3. Registration.
- 4. Additional Terms.
- 5. Conducting and judging the competition.
1. General rules.
1.1. Participation is free.
1.2. The Competition is open to all comers, regardless of nationality, sex, national origin. The contest is not open to employees of the Company, as well as their family members and relatives.
1.3. Registration available from 10.06.2014 through 10.08.2014. Contest runs from 28.07.2014 through 15.08.2014. Announcement of the winners on 20.08.2014. Current rating is published on the official contest page.
1.4. Contest is a competition of traders. Therefore, in particular, shall not be used automated strategies, not involving participation of a person (trader) for a decision on the basis of current market conditions.
2. The Prize Fund.
2.1. The prize fund is $10,000
2.2. The prize fund is distributed among the winners of the tender committee, in accordance with the position occupied in the ranking of the participants at the time of summing up its results. The rating generated automatically in real time by comparing the values of the current balance in the competition.
Participants who took the 1st through 20th place, get a Premium trading account in the amount of:
1. $1000
2. $700
3. $500
4. $400
5. $370
6. $345
7. $330
8. $320
9. $310
10. $300
11. $290
12. $280
13. $270
14. $260
15. $250
16. $240
17. $230
18. $220
19. $210
20. $200Participants who took the 21st through 50th place, get a Micro trading account in the amount of:
21. $190
22. $180
23. $170
24. $160
25. $150
26. $145
27. $140
28. $135
29. $130
30. $125
31. $120
32. $115
33. $110
34. $105
35. $100
36. $95
37. $90
38. $85
39. $80
40. $75
41. $70
42. $65
43. $60
44. $55
45. $50
46. $45
47. $40
48. $35
49. $30
50. $252.3. Prize accounts have a status similar to a real working accounts except for the following positions: Member has the right to withdraw only the profits earned in the trade, and their own deposit. Removal of the prize money is prohibited.
3. Registration.
3.1. Register in this contest possible with the announcement of registration, as well as at any time during the current competition (after the start), but no later than 5 days before the end date of its completion.
3.2. When register Participant is obliged to provide their real data. All participants agree to publish on the site www.Weltrade.com his account number and its history, first and last name, country and city of residence.
3.3. Upon completion of registration contest account will be opened (unique number and password). The data obtained are used to login into trading platform «Weltrade Trade Station» (based on the MetaTrader 4).
Participants need to download and install trading terminal on their computers. The installation and configuration of the terminal is identical for both contest and live accounts. If using other companies terminal (based on MetaTrader 4), you must specify in the settings our server IP address: 208.64.68.226:443.3.4. Starting value balance and leverage is identical for all competitors:
- Balance – 10,000 virtual US dollars;
- Leverage – 1:100.
3.5. Members agree not to open more than one contest account. If multiple accounts with the same IP-address are detected, they will be disqualified during the contest or after its completion.
4. Additional Terms.
4.1. During the competition the number of complete transactions undertaken by the Participant shall not be less than 5.
4.2. Terms of transactions are fully complying with described in Section 4 of User Agreement for real trading accounts.
4.3. At the end of the contest all opened positions must be closed, and the current value gains/losses on them is reflected in the balance.
4.4. Leverage can not be changed.
4.5. Trading operations on the contest accounts during the contest shall be held only with the use of currency pairs. Other instruments on contest accounts are not available. This limitation applies only to contest accounts and only for the duration of this contest.
5. Conducting and judging the competition.
5.1. Judge and commission of the competition is Weltrade. The Commission’s decision shall be final and without appeal.
5.2. Participants who violate this Regulation shall be subject to disqualification from the contest. Disqualification from curent contest does not preclude him from taking part in the next contest of traders.
5.3. All complaints, suggestions and questions arising from Members during the registration period, in the course of the contest, and in summing up its results, should be sent using the feedback form (the “Contacts“) after authorization in trader’s office, addressed to contest commission.
All claims, questions and suggestions related to the competition brought by other means or sent to other departments of the company, will not be accepted.
5.4. Shall not be accepted claims from members:
- Related to the inability to perform operations in contest account due to poor quality of communication on both sides, the Participant and www.Weltrade.com;
- Connected with quoting on trading platform “Weltrade Trade Station”, except in cases of obvious errors.
5.5. Administration Weltrade has the right to suspend or terminate the contest in case of technical problems with providers, company service equipment, or because of the extreme circumstances that arise after the start of the contest, which the administration of the company could neither foresee nor prevent with reasonable measures.
5.6. Weltrade administration reserves the right to amend these rules, as the company will give advance notice to all contest participants.
Hoang Long says
Winners of the Facebook contest “Bonus $100” announcement: