• 1 Register your
    account in contest
  • 2 Make $500 deposit
  • 3 Start from
    March, 10th
  • R209927
  • R227643
  • R227482
  • L922737
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1. Contest period, registration, and participation terms

  • 1.1. The clients may register in the “EASTER contest” during the whole contest period.
  • 1.2. The “EASTER contest” is carried out from 00:00:01, 10.03.2014 till 00:00:01, 10.05.2014 (according to the time GMT +3 as indicated within the trading platform).
  • 1.3. The official results of the contest will be announced and published within 10 business days after the contest has ended.
  • 1.4. The contest is carried out for LiteForex’s clients from Nigeria.
  • 1.5. Any holder of a trading account with the LiteForex Company who has registered his/her Client’s Profile may participate in this contest. In the absence of the Client’s Profile, the client needs to register his Profile and open a trading account that the participant wishes to register in the contest.
  • 1.6. A trading account that is supposed to participate in the “EASTER contest” must be registered in this contest. The registration form is located on the contest page http://www.liteforex.com/contests/regional/easter-contest.
  • 1.7. The client may register in the contest up to 10 trading accounts of type REAL, LITE, and NDD opened within MT4 platform.
  • 1.8. When registering in the contest, the Client guarantees that his personal details specified in the Client’s Profile are up-to-date and true.
  • 1.9. Having filled in the registration form to participate in the “EASTER contest”, the participant will receive a registration confirmation letter to his/her email address.
  • 1.10. The participation in the “EASTER contest” implies acquaintance and consent to the contest rules and the company’s regulations described in the Public offer agreement and Agreement on Quoting System and Transactions Procedure.
  • 1.11. The initial capital required to participate in the “EASTER contest” amounts to 500 USD. Only the Client’s own funds deposited in the account by means of payment systems can be regarded as the initial capital. The initial capital can’t include funds transferred into the contest account from the Client’s another trading account.
  • 1.12. Trading on the contest accounts can be carried out during the registration period. Trading operations conducted before the start of the contest will not be considered in the contest ranking.
  • 1.13. The participants’ trading results will be published in the Contest review on the contest page. The results will be updated with a 1-hour delay in order to prevent the copying of trades.
  • 1.14. The LiteForex Company is the official organizer and sponsor of the “EASTER contest”.
  • 1.15. The LiteForex Company has the right to amend the contest conditions at any time and without any special notification.

2. Determination of winners and conditions of work in the contest account

  • 2.1. The first 3 participants who have reached the highest profitability level according to the contest results confirmed by the final check will be considered as the winners of the “EASTER contest”.
  • The profitability (%) is calculated as follows:
  • % Profit = ( EquityFinal / ( EquityStart + Σ(Deposit) ) -1 ) * 100%, donde:
  • EquityStart = BalanceStart + CreditStart + Floating PL
  • EquityFinal = BalanceFinal + CreditFinal + Floating PL
  • Conventional signs:
    • EquityStart — the amount of funds available at the beginning of the contest;
    • EquityFinal — the current amount of funds or the amount available at the end of the contest;
    • BalanceStart — the balance at the beginning of the contest;
    • BalanceFinal — the current balance or the balance at the end of the contest;
    • CreditStart — the bonus available at the beginning of the contest;
    • CreditFinal — the current bonus or the bonus available at the end of the contest;
    • SUM DPST – the total of all deposits made during the contest;
    • Floating PL — floating profit and loss on open positions.
  • The profitability will be calculated as soon as the contest starts and the initial capital of $500 is deposited in the contest account.
  • 2.2. Only those participants who have been actively trading during the contest period and have traded at least 1% of lots of their deposit (Example: deposit $500, 500$ * 0.01 = 5 lots) can be recognized as winners. Also winners must have positive profitability at the end of the contest.
  • 2.3. If several participants have reached the same profitability level as per the contest results, a higher place will be awarded to the participant that has executed more trades during the contest.
  • 2.4. Regardless of the number of accounts partaking in the contest, the participant can claim only one prize place; accordingly, in case several trading accounts of the same participant have been ranked among the top 3 accounts, only one of his/her accounts will be kept – the one with the highest profitability level. This participant’s other accounts will be eliminated from the ranking and the ranking will be shifted.
  • 2.5. The margin requirements and trading conditions correspond to the type of account. The leverage level on the account participating in the contest may not be changed during the contest.
  • 2.6. The participant may use any trading advisors and strategies that comply with the Agreement on Quoting System and Transactions Procedure.
  • 2.7. The bonus systems from LiteForex are applicable to the contest accounts under general conditions.
  • 2.8. The LiteForex Company reserves the right to refuse registration in the contest to the Client or to disqualify him/her during the “EASTER contest” or during the check of results without explanation and without any special notification.
  • The reasons for disqualification:
    • Violation or non-observance of the contest rules
    • Violation or non-observance of the Public Offer Agreement and Agreement on Quoting System and Transactions Procedure;
    • Registration of several contest accounts by the same physical person or the presence of several client profiles belonging to the same physical person
    • Trading by use of the same IP address on different accounts participating in the contest, as well as the use of proxy-servers or IP address changers;
    • Provision of false personal information when registering or refusal to confirm personal information by corresponding documents;
    • Illegal trading between 2 or more participants with the view of making guaranteed profits by one of them;
    • Opening of inverse transactions of big amounts on the same financial instruments on different accounts and at the same time approximately;
    • Use of quotes flow failures to make guaranteed profits;
    • Presence of contest transactions, including lock trades, whose duration is less than 2 minutes;
    • Ascertainment or suspicion that a Participant has committed any kind of fraudulent action for being listed among the winners.
  • 2.9. In case of disqualification, the participant’s account will be excluded from the ranking and from the contest, but the participant will be able to continue trading on this account according to the general trading rules at LiteForex.
  • 2.10. Any claims arising in the course of the contest shall be examined in accordance with the regulations of the paragraph 6 of the Public Offer Agreement and the item 7 of the Agreement on Quoting System and Transactions Procedure. A situation which is not covered by these rules or LiteForex’s official regulations shall be sorted out by means of talks. The final decision shall be made by the organizer of the contest and shall not be revised.

3. Awarding of winners and prize receipt rules

  • 3.1. The winners of the contest “EASTER contest” will be awarded the following prizes:
    Rank Prize
    1st iPhone5 +
    PAMM account of the manager with the capital of $200*
    2nd $500 as real money paid into the trading account +
    PAMM account of the manager with the capital of $200*
    3rd $300 as real money paid into the trading account +
    PAMM account of the manager with the capital of $200*
    Additional prize Samsung Galaxy (p 3.3)
    Souvenirs T-shirts and caps from LiteForex for every participant (p 3.4)
    * The capital of $200 is not withdrawable and allows a winner to start work on a PAMM account as a manager. Thus, the winner will be able to show the profitability of his trading and attract more investors to his PAMM project, with the possibility of further profit.
  • 3.2. The additional prize Samsung Galaxy will be raffled on the last contest day among the participants that deposited the minimum initial deposit in the course of the contest. Its holder will be determined at random by use of an automatic system that will choose one of the accounts.
  • 3.3. All contest participants will be able to get additional souvenirs from LiteForex. The participants who have made a deposit of at least 500 USD will be offered fashionable caps with LiteForex’s logo. The participants who have made a deposit of at least 1000 USD will be offered fashionable T-shirts with LiteForex’s logo.
  • 3.4. Before receiving the prize, the winner must confirm his phone number, identity and address in the Client’s Profile. The winner must fully verify his personal profile according to the requirements described in LiteForex’s AML policy.
  • 3.5. The winners will receive their precious prizes within 10 business days after the final results have been announced.
  • 3.6. The prize money will be added to the “balance” column, on the winner’s trading account with the LiteForex Company. After that the prize money can be used in trading, profit-making or fully withdrawn from the account without any limitations.
  • 3.7. The LiteForex Company has the right to refuse to award a prize to a participant without explanation on suspicion of violation of contest rules or in case the winner refuses to verify his personal profile and provide copies of his documents or any other personal details.
  • 3.8. The LiteForex Company reserves the right to use the information related to the winning accounts for advertizing purposes and publish it in any sources of information. The winners are invited to participate in LiteForex’s advertising and marketing actions such as interviews, photo- and video-reportages, and press releases concerning the contest. At the same time LiteForex commits itself not to divulge the winner’s private information (including name and surname) without the winner’s consent. Should a winner refuse to participate in these actions, the LiteForex Company reserves the right to disqualify the winner and award the prize to the participant occupying the next place in the final ranking.