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Terms & Conditions:

 

True4x Demo Trading Competition Contest Rules

The Competition is sponsored by True4X, hereinafter referred to as True4x and the Company.

The competition starts on Monday 30th of August 2018 at 00.05 AM (GMT +3) and will last until Friday 15th of December 2018 at 11:55 PM (GMT +3).

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 Competition cash prizes:

he prize fund of the contest is 5,000 USD:

  • 1st place is awarded with 2,500 USD ·
  • 2nd place is awarded with 1,500 USD ·
  • 3rd place is awarded with 1,000 USD.

Participation Eligibility:

Only persons of legal age (18 or older) 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 True4X to receive the prize.

Participants who do not meet the criteria of True4X 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.

Participants must register their desired unique Competition nickname within the signup form. You understand and agree that the nickname registered will be your alias in the Competition rankings and therefore, visible to all participants.

General Rules:

The Company reserves the right, in its sole judgement and discretion which will be final and binding, 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 True4X regular MT5 account ○ Initial deposit – USD 10,000
  • Leverage – 1:400
  • Minimum volume – 0.01 lot ○ Trading via Expert Advisers is allowed
  • Scalpers are welcome to Participate
  • All the current contest stats shall be available at True4X website.
  • On the contest finish date, all open orders shall be automatically closed at the current market rates.
  • 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 True4X Company news and Social media pages. Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at www.True4x.xom and the company's official Social pages. · The prize is paid into the winner's real / live account with True4X 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 True4X, documents and additional 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 contestant with the highest trading volume will be declared the winner.
  • 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.
  • The competition is not addressed​ to residents from United States. Participants from this area will not be able to open a live account with the Company and as a result they will be disqualified.
  • Contests and prizes offered should not be considered as an incentive to trade. Only partake in the trading contests when you feel you are ready to trade.
  • as substantial amounts of your investment. Trading leveraged products carries a high level of risk and may not be suitable for all investors, so please consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. Please read and understand the risk disclosure policy before entering any transaction with True4X. Contests and prizes offered should not be considered as an incentive to trade.
  • Only partake in the trading contests when you feel you ready to trade.

 

Risk Warning: Forex and CFDs are leveraged products which carry a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risk involved. You should ensure you understand all of the risks and seek independent advice if necessary.
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