Terms and Conditions Test Drive Trading Contest
FX Solutions' Test Drive Trading Competition (the “Promotion”) is a Forex trading competition for new traders of FX Solutions UK that have an active practice account with us. The Promotion will consist of three (3) one-week rounds, with three (3)winners in each round: 1st Place: US$10,000 Live Account, 2nd Place: US$5,000 Live Account, 3rd Place: US$2,000 Live Account. There will be a bonus award of a US$5,000 Live Account for the competitor with the practice account that has the greatest percentage increase over the total three rounds of the Promotion.
You agree that by participating in the Promotion that you will be bound by these terms (“Promotion Terms”) as well as the general terms and conditions (including any supplemental terms) that apply to your practice account with us (“Our Terms”).
The Promotion is offered by [City Index Limited trading as FX Solutions UK] (“FX Solutions UK”, “we”, “us”, “our”) of Park House, 16 Finsbury Circus, London EC2M 7EB United Kingdom.
(“FX Solutions UK”, “we”, “us”, “our”) of Park House, 16 Finsbury Circus, London EC2M 7EB United Kingdom.
Test Drive Trading Competition
The Promotion will be a competition between traders that have active practice accounts with us as of November 10, 2010. The Promotion will consist of three (3) one-week rounds between the period of December 5, 2010 at 5:00 PM Eastern Time (“ET”) and December 17, 2010 at 4:00 ET (each, “Round”). The dates of the three (3) one-week rounds will be as follows:
Round 1: December 5, 2010 at 5:00 PM ET to December 10, 2010 at 4:00 PM ET
Round 2: December 12, 2010 at 5:00 PM ET to December 17, 2008 at 4:00 PM ET
Round 3: December 19, 2010 at 5:00 PM ET to December 24, 2010 at 4:00 PM ET
Competitors will start the first Round of the Promotion with the amount of equity that they have in their practice account as of December 5, 2010 at 5:00pm ET, and then the amount of equity that they have in their practice account as of December 12, 2010 at 5:00pm ET, and as of December 19, 2010 5:00 PM ET, respectively for the second and third Rounds.
How to Win
Each of the three rounds will have three winners.
1st Place - US$10,000 Live Trading Account with FX Solutions UK The first place winner is the competitor with the greatest percentage (%) increase in their practice trading account equity during that Round.
2nd Place - US$5,000 Live Trading Account with FX Solutions UK The second place winner is the competitor with the second greatest percentage (%) increase in their practice trading account equity during that Round.
3rd Place - US$2,000 Live Trading Account with FX Solutions UK The third place winner is the competitor with the third greatest percentage (%) increase in their practice trading account equity during that Round.
A US$5,000 Live Account grand prize will be awarded to the competitor with the greatest combined percentage equity increase in their practice account over the total three Rounds of the Promotion.
In the case of a tie for any Round, the competitor with the most trades during the Round will be the winner. Competitors can win awards in more than one Round.
The top ten (10) leaders of each Round will be posted on ar.fxsol.co.uk/contest/test-drive by the Monday following the weeks completed Round. The winners of each Round of the Test Drive Trading Competition will be announced on ar.fxsol.co.uk/contest/test-drive and will be contacted by email by the close of business on the Monday following the completion of each Round. There is no fee required to enter the Promotion.
In order to receive their award, winners of the Promotion must complete a Live Account application with us, and provide the necessary documentation to open a live account with us, by January 14, 2011.
To Qualify for this Promotion
1. Register for a new FX Solutions UK GTS or MT4 practice account at ar.fxsol.co.uk/contest/test-drive by December 5, 2010. All entries must be received by the timeline below.
Round 1: Have an active practice account as of December 5, 2010 at 4:00 PM ET
Round 2: Have an active practice account as of December 12, 2010 at 4:00 PM ET
Round 3: Have an active practice account as of December 19, 2010 at 4:00 PM ET
2. Competitors must make a total of at least ten (10) trades during each Round to be eligible for an award under this Promotion.
3. Competitors must only use one practice account in the Promotion in order to be eligible for an award under this Promotion.
4. The following information is required and must be valid for registration (and in order to be awarded an award under the Promotion): first name, last name, email address, telephone number and country of residence.
5. Current FX Solutions UK, FX Solutions, LLC or FX Solutions Australia live account holders not eligible for this Promotion.
Clients can opt-out of being a participant in the Promotion if they choose to. To opt-out; please email us at firstname.lastname@example.org.
Winner Notification Process
We will make three (3) attempts to contact the potential Round winner(s) at the phone number(s) and email address(es) provided. If we are unable to reach the potential winner via phone or email after three (3) attempts, he/she may be disqualified and an alternate potential winner(s) may be selected based on the next best eligible performance at FX Solutions’ sole discretion.
Our administration team will provide you with a Live Application to complete and ask that winners provide the necessary documentation to open a live account with us by January 28, 2011. You will not be declared an official winner until these documents are completed and returned. Noncompliance within this time period, with these Promotion Terms or the completion of or inability to complete the live application process may result in disqualification and, at our discretion, and time permitting, an alternate potential winner may be selected based on the next best eligible performance at FX Solutions’ sole discretion.
Registration & Privacy
Participants in the Promotion must register for a GTS or MT4 practice account. Registration is a self-serve process that can be accessed at ar.fxsol.co.uk/testdrive. Registration is free. The following information is required for registration: first name, last name, valid email address, telephone number and country of residence. By registering, you agree that we may disclose your first name, last name, and country of residence at any time during the course of, or after, the Promotion, in any and all media for promotional purposes in relation to this Promotion.
By completing a registration, you hereby agree that any and all information that you supply in the registration process is current, truthful and complete. To the extent that any such information is not current, truthful and complete, you may be disqualified from the Promotion. By registering for the Promotion, you agree to receive Promotion updates in the form of emails throughout the Promotion.
Required Round Turns
Before any withdrawal or transfer of the award deposit, the trader must fulfill a minimum trading requirement, which is calculated by award deposit amount / 12 = number of standard round turns from the date of the award. Spot Metals and CFDs trades will not be applied to the round turn requirement. Initial deposit payouts are not prorated if the round turn requirements are not met.
For example, if the award deposit equals $5,000. The a minimum trading requirement would be:
$5,000/12 = 417 standard round turns or the equitant in mini lots
Trade Qualification Period
The trader will have six months to fulfill round turn requirements. If the minimum round turn requirements have not been met by June30, 2011 the applicable award will be withdrawn by us from the applicable account.
Addition Important Information
1. This Promotion is only for residents of the Middle East and North Africa region, some exceptions do apply.
2. Practice account registrants may enter the Promotion only once and must be over 18 years of age.
3. Each winner must apply and be approved for a Live GTS or MT4 trading account with us
4. No minimum deposit required or additional fees that apply.
5. Winners of awards will not be obligated to add any equity to their Live Account, or purchase other services, from us at any time.
6. Employees of FX Solutions, its subsidiaries, affiliates and suppliers, and their immediate families are not eligible to compete in the Promotion.
We shall have the sole discretion to determine your eligibility under these Promotion Terms, including, without limitation, your eligibility for an award during a Round, and our decision shall be final/binding on all competitors and no correspondence shall be entered into.
The English version of these Promotion Terms supersedes any translations. We reserve the right to modify, amend or discontinue the Promotion at any time. We may make changes to these Promotion terms at any time and will notify you of these changes by posting the modified terms on our website. Foreign exchange (Forex) and contract for difference (CFD) trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. You should read these Promotion Terms carefully and ensure you fully understand the risks involved and seek independent advice if necessary.
This Promotion shall be governed by the laws of England and Wales.