The Contest is organized and run by Octa Markets Incorporated, hereinafter referred to as the Company.
The Contest duration is 1 month from the start date to the finish date.
Registration for the Contest is announced prior to its start. During the registration period anyone can register for the Contest.
1st place gets 500 USD
2nd place gets 300 USD
3rd place gets 100 USD
The last place gets another 100 USD
Only persons of legal age are able to take part in the Contest.
Each participant must register a new demo account for each Contest round.
Each participant agrees to provide real data during the registration. Providing fake data may result in disqualification from the Contest.
ANY KIND of IP match will be subject to disqualification.
Any kind of arbitrage trading or any other abuse with pricing and/or quotes will be subject to disqualification from the Contest.
The Company reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.
Each contest account has the same trading conditions, that is:
Account type – similar to OctaFX ECN account
Trading tools – similar to OctaFX ECN account
Initial deposit – 1,000 USD
Minimum volume – 0.1 lot, maximum volume is not limited
All trading techniques or EAs are allowed.
All the current contest stats are available at OctaFX website.
On the contest finish date all the open orders will be automatically closed at the current market rate.
The participant with the highest balance wins the contest.
Winners agree to publication of their names in the Company news.
Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at octafx.
The prize is paid into the client's real account at OctaFX and can be withdrawn.
In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally.
A participant can win (first, second or third prize) only once. If he/she wins again, only 10% of the prize will be paid.
In case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
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.