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- The contest name is OctaFX Champion (hereinafter—‘Contest’).
- The Contest is organized and run by Octa Markets Incorporated (hereinafter—‘Company’).
- The Contest duration is one 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.
- Contest prizes:
- 1st place gets 500 USD
- 2nd place gets 300 USD
- 3rd place gets 100 USD
- 4th place gets 60 USD
- 5th place gets 40 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 type 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 explanation. 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—as in the OctaFX MT4 account
- Trading tools—as in the OctaFX MT4 account
- Initial deposit — 1,000 USD
- Leverage: 1:500
- Minimum volume — 0.01 lot; maximum volume is not limited.
- Traders are able to open and close cryptocurrencies orders on the weekend.
- All trading techniques or EAs are allowed.
- All the current contest stats are available on the OctaFX website.
- All open orders will be automatically closed at the current market rate on the contest finish date.
- The participant with the highest balance wins the contest.
- Winners agree to the publication of their names on social media.
- The winner must answer the questions of the interview in full, which are to be published on the OctaFX site.
- A prize must be claimed during a month after the end of the round. Otherwise, OctaFX has a right to deny giving out a prize.
- Each contestant agrees that some of his/her registration data (including but not limited to country of residence) will be published at www.octafx.com.
- The prize is paid into the client's Wallet and can be withdrawn.
- If two or more contest winners have equal balances at the end of the contest, they will share the prize equally.
- 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.