Contest Terms and Conditions
1. General terms and conditions
1.1 Promotion “Sprint $5000” (hereinafter “The contest”) is held from 14th till 25st of December 2015.
1.2 The contest is organized by Grand Capital Ltd. (hereafter “The Company”)
1.3 Total prize fund is 8500USD.
1.4 Only real Standard accounts can be used to participate in the contest.
1.5 The minimum deposit amount required to participate is 100USD.
2.1 Both new and existing clients of Grand Capital Ltd. with real Standard accounts can participate in the contest.
2.2 Clients who have multiple accounts can only use a single account to participate in the contest.
2.3 Employees of Grand Capital Ltd. and their relatives cannot participate in the competition.
2.4 Clients who had previously claimed any bonus amount can also participate in the contest.
2.5 A participant must follow the Rules and read them carefully. The fact that the client doesn’t know the rules cannot be considered as a valid claim reason.
3. Participation in the contest
3.1 In order to participate, one has to open a Standard account or use one of the existing Standard accounts.
3.2 Personal data provided by the participant upon registration of a Standard account has to match the Documents uploaded in the Personal Cabinet, in accordance with the Regulation. If the data does not match, Grand Capital holds the right to disqualify the participant at any time.
3.3 To register go to the contest page located in your Private Office, create your contest username, choose the account you wish to use and confirm your participation.
3.4 After a successful contest registration procedure, participant’s client number is transferred to the company’s list of contest participants.
3.5 Contest registration is open during the whole period of contest duration – till 6 pm (GMT +3) 18.09.2015
3.6 You can follow the results in our online leaderboard.
3.7 If a client has a Personal Office, but does not have a Standard account, he/she can open a Standard account and register it in the contest.
3.8 If a client does not have a Personal Office with Grand Capital Ltd, he/she should register on the website. After that, access to Personal Office will be granted, where the client can open Standard account in order to participate in the contest.
3.9 It is forbidden to trade using same IP address for multiple Personal Offices, as well as using proxy servers for trading. If more that 5 (five) IP addresses (from different regions) will be used to log into and operate the same account, the account will be disqualified automatically.
3.10 The Company is obliged to ensure confidentiality of all the contest participants. Only contest usernames created by the participants upon contest registration will be published. The company reserves the right to use any information about winners (except the real names and account numbers) for advertising and marketing purposes in any media without the participants’ consent.
4. Dates of the contest
4.1. Contest duration is 2 weeks (10 working days).
4.2. The contest starts on 14.12.2015 at 00:01 AM (GMT +3). The contest ends on 25.12.2015 at 11:59 PM (GMT +3). The contest results will be available after 28st of December.
5. Contest account transactions
5.1. While performing any transaction participants must follow “The regulation of procession and effectuation of trading transactions” and affiliated documents.
5.2. Maximum leverage cannot be higher than 1:100.
5.3. Any assets can be traded in order to increase your rating (except shares of Russian and American companies: CFD STOCKS US, Russian STOCKS). Only closed trades at the moment of the contest expiration can be used to determine the final results. Open trades cannot be used for rating calculation.
5.4. There is no limit to the number of simultaneously open positions.
5.5. Maximum amount of open Lots is 25.
5.6. Multidirectional trading is prohibited.
5.7 If any malicious activity or actions that contradict with the terms and conditions of the contest or The Company’s regulations are detected, the participant associated with it will be disqualified.
6. The contest results
6.1 All the results of the contest will be published on the company’s website in an online rating (aka leaderboard) which updates every 2 hours. The results published on the website while the contest is still taking place cannot be considered final.
6.2 The three traders with the largest trading volume on the account will receive prized as follows:
$5000 – 1st place
$2000 – 2nd place
$1000 – 3rd place
There are also 50 prizes worth $10 each reserved for participants which would take places from 4th to 53th.
6.3 The prize funds can only be deposited to the real Standard account used to participate in the Contest. The trading volume on this account during its participation in the Contest should amount to no less than 1 (one) full lot.
6.4 Participants can withdraw prize funds at any time after they are deposited to the participant’s account
6.5 Final results of the contest will be determined in 3 (three) working days time upon the contest completion and will be published on the company’s website not later than 4 working days after the contest ends.
6.6 Prize funds will be deposited to the winners’ accounts in 4 (four) working days time after the final results are announced.
6.7 Prize funds are deposited according to the company’s exchange rate. If order to receive the prize funds the winner must request it through the Private Office.
In order to request the prize funds follow the instructions:
1.Go to your Private Office – Support – Create Ticket
In the title you should state:
Contest name, Contest dates, Your position in the rating.
2.In the Text field you will need to state:
Standard account number
Your Full name
Title: Contest “Sprint $5000”
Text: Account Standard №123123, Markus McKinsley
6.8 The winners are determined as following:
-To calculate the rating we use a Trade Volume, according to which the participants’ positions are calculated (the higher the volume, the higher participant’s position is).
-The Volume is calculated with the formula: V=N*(B+D/100), where
N – total number of Lots traded, B – account balance at the moment the contest starts, D – deposits made while the contest was going on.
Example: Participant’s Initial deposit was 200USD. During the round the following orders were opened: EURUSD – 1.6 Lots, USDCAD – 1.2 Lots. During the round the participant deposited additional $150 to the account. In this case, the final result will be calculated as following:
V=(1.6+1.2+2.1)*(200+150/100)=987,35 (the Volume will be shown in the rating)
6.9 If it is determined that the winner used fraud schemes to achieve the results, he/she will be disqualified and the prize funds will be given to the next participant in the rating.
6.10 The final results cannot and shall not be revised.
7.1 All claims, which arise during the contest regarding account transactions will be dealt with according to The regulation of procession and effectuation of trading transactions.
7.2 If the rating is boosted intentionally with abusing various system malfunctions or inaccuracy in the formulas or the Terms and conditions of the Contest, Grand Capital Ltd. has the right to issue a warning or disqualify the participant. Also, if any fraudulent behavior is detected, the Company has the right to disqualify such participant.
7.3 The disputes will be resolved based on common market practice.
7.4 All claims regarding the Contest can be sent to firstname.lastname@example.org
7.5 All the claims should contain the following information: Participant’s full name, Participant’s Residential Address, Account Number and Full description of the problem.
8. Force Majeure
8.1 The company can suspend or terminate the contest if a considerable amount of participants are put in unfair conditions compared to the remaining participants.
8.2 In the event of termination of the Contest, the company may resume it with the same participants (having saved their account at the time of suspension or restore the state of the accounts as it was at the beginning of the contest), or hold the registration again and the launch a new contest. Should such event occur, the company will notify the clients by announcement published on the website).
8.3 If the contest is not resumed and therefore, not completed, the results of the contest cannot be considered Final and cannot be a reason for awarding prizes.
8.4 The company holds the right to change the terms and conditions of the contest at any time.