LiteForex Fighting contest (demo)
Are you trading on a Demo account? Are you doing well so far? Do you want to participate in the fight to prove you are the best trader and show a high level of your analytical skills and knowledge of financial instruments?
LiteForex group of companies provides you with a perfect opportunity to demonstrate your professional skills of Forex market trading, take part in the on line competition and win real money.
The LiteForex Fighting contest is the best way to prove that your trading strategy is profitable and receive real money prize deposited on your real trading account.
LiteForex group of companies chooses the time and place of the contest. You choose your trading instrument and fighting techniques!
- 1. Registration, participation terms, contest period
- 1.1. The contest is held every week on Wednesdays from 00:00:01 to 23:59:59 according to the server time (GMT+3, indicated in the platform).
- 1.2. All participants commit themselves to provide true information when registering for the contest.
- 1.3. By registering for the contest, a participant admits all restrictions and rules applicable for the contest. Should the contest rules be violated, the Organiser reserves the right of disqualifying a participant in the course of the contest.
- 1.4. In case either attempts of entering the contest from several trading accounts/profiles or the fact of using anonymizers are found out, a participant will be disqualified.
- 1.5. To be able to participate in the LiteForex Fighting (demo) contest, a client of LiteForex group of companies has to register on the site.
- 1.6. A client needs to indicate his e-mail address (login from the Client’s Cabinet), UID (unique identification number of the client profile*), and a nickname that will be displayed in the rating of the LiteForex Fighting (demo) contest by filling in the respective fields of the registration form.
*The unique identification number of the Client’s profile (UID) is shown on every page of the Client’s Cabinet just next to your name, after two colons (example). - 1.7. Any LiteForex’s account holder may participate in the LiteForex Fighting (demo) contest once a week. One individual may register for each current contest only once.
- 1.8. After the registration form is filled in, a contest demo-account with a unique login number and password will be opened for a participant. These details will be sent to the email-address indicated when registering for the contest.
- 1.9. The registration for a new contest stage is open as soon as the previous contest stage starts.
- 2. Terms of trading
- 2.1. Type of account: demo.
- 2.2. Initial deposit: 10000 (the same for all participants).
- 2.3. Leverage: 1:500.
- 2.4. Stop Out level: 10%.
- 2.5. Trading tools: any tool provided by LiteForex group of companies.
- 2.6. A participant may use trading experts and trading strategies without any restrictions provided that the terms of LiteForex’s effective regulations are respected.
- 2.7. All transactions must be closed before the contest finishes. Should there be any open transactions at the moment when the context finishes, they will be automatically closed at a current price by the organiser. The presence of open transactions at the moment when the contest or the session ends doesn’t give cause for disqualifying.
- 2.8. Other terms of trading on contest demo accounts correspond to the terms of trading on real trading accounts in accordance with LiteForex’s regulations.
- 2.9. LiteForex Group of Companies reserves the right to refuse in registration and disqualify the participant without explanations. The reasons for disqualification can be the following:
- breach or violation of the rules of the contest;
- breach or violation of public offer agreement– «Terms of use» and «Agreement on Quoting System and Transactions Procedure»;
- registration of several contest accounts by 1 client or creating several clien't profiles by one individual;
- big volume locked orders opened on different trading accounts approximately at the same time on the same currency pairs;
- big volume locked orders opened on different trading accounts approximately at the same time on the same currency pairs;
- detecting brief trades on contest account with duration of less than 2 minutes.
- 3. Winners and prizes
- 3.1. The first 10 participants who have reached the highest balance value by the end of the contest will be considered as winners of the LiteForex Fighting demo-contest. The final results will be formed within 2 working days after the end of the contest, as soon as they are checked by the security department.
- 3.2. Only those participants who have been actively trading during the contest period and have increased their initial deposits without breaking the contest rules can be regarded as winners.
- 3.3. The Participants who have gained prize-winning places from the first to the tenth according to the paragraph 3.1 receive money on their LiteForex Real trading account; depending on the place, sums vary as follows:
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Rank Prize amount $ 1 100$ 2 70$ 3 50$ 4 40$ 5 30$ 6 20$ 7 15$ 8 10$ 9 10$ 10 10$ - 3.4. In case 2 participants have got the same balance amount by the end of the contest, the decision about the distribution of places will be made by LiteForex group of companies.
- 3.5. Every participant awarded with a prize according to final results needs to open a trading account, unless it’s been already opened, confirm the contact phone number, prove the identity and the address (fully confirm the Client’s Profile according to LiteForex’s requirements) in the Client’s Cabinet and send a letter to contest-demo@liteforex.com with the following information:
- The name of the contest - LiteForex Fighting (demo);
- The login and password of the contest demo-account;
- The number of the real account opened in the name of a contest participant, the type of account and the deposit currency for prize funds to be credited;
- The email-address indicated when registering.
- 3.6. LiteForex group of companies reserves the right to request any additional information regarding the participant’s identity when crediting a prize.
- 3.7. A participant awarded with a prize may not demand that the prize amount be credited to third parties’ accounts.
- 3.8. Prize funds are credited to a client’s real account opened within three working days after the request has been sent. (p. 3.5)
- 3.9. Prize funds can be freely used in trading and withdrawn as soon as they are credited to a winner’s real trading account. Any profit made by investing the credited funds into trading may be withdrawn from the account without any delays.
- 3.10. LiteForex Group of companies reserves the right to refuse to credit the price if there was detected the violation of the rules, the price won't be also credited if the winner refuses to verify his profile fully or to provide any additional identity data, according to the paragragh 3.6.
- 3.11 LiteForex group of companies has the right to change the promotion terms anytime, without special notification.
