14 - 18 August
Market Open and Close times
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The
JDFX Demo Competition (herein the “Competition”) is organised and offered
exclusively by JDFX (herein the “Company”) under the following Terms and
Conditions.
1.1.
The Competition is available to all participants who have
satisfied the Criteria for this Competition as set out in paragraph 1.2 of the
Competition Terms and Conditions.
1.2.
For a participant to be eligible to participate in the Contest the
participant must have registered for the Competition via the online signup form.
Participant must be at the age of 18 or older.
1.3.
Contestants residing in countries listed on our website (https://jdfx.co.nz/compliance/)
are not accepted.
1.4.
The participant hereby acknowledges, confirms, and accepts to be
legally bound by the Terms and Conditions as set out in this Trading Contest
and/or any other legally binding Agreement between him/her and the Company.
2.1.
The Competition registration period runs on 31st July to
11th August 2023 12:00:00 New Zealand Time (GMT+12). The participant
registers for the Competition by completing the Company’s online signup form. A
participant may not register for the Competition after the registration period
has expired.
2.2.
The Competition trading period will run from 14th August
2023 09:00:00 New Zealand Time (GMT+12) till 18th August 2023 09:00:00
New Zealand Time (GMT+12).
2.3.
The results of the Competition will then be calculated and
announced on the 21st of August 2023.
3.1.
To be able to participate in the Competition, the participant must
have registered for the Competition via the online signup form.
3.2.
Only forex, indices and commodities may be traded.
3.3.
The leverage applied will be 1:100.
3.4.
No deposits can be applied to the Competition accounts.
3.5.
Contest accounts will not be swap-free.
3.6.
A participant can win only one Prize as per paragraph 4.1.
3.7.
Only one (1) Competition account will be allowed per participant.
The participant will not be able to open a new Competition account during the
Competition.
3.8.
The final ranking of the Competition will be determined by who had
the highest ratings across all 3 categories (Net Equity, Profit Factor, Total
Trades). The winner is determined by the sum of all his or her ratings across
all categories results in the lowest total number. For example, a participant
who has finished 1st, 2nd and 4th respectively
in the rankings of each category (total sum of all places: 1+2+4=7) will be
placed higher in the overall ranking and therefore win, if his or her nearest
competitor’s total sum of places is over 7 (2+3+3, 1+5+2, etc.). If the leading
competitors have an equal total sum of their places, the winner is determined
by additional criteria. The 3 categories are calculated as follows:
Net Equity: Net Profit = (Current Day Equity
– Previous Day Equity) / (Previous Day Equity) x 100.
Profit Factor: Profit Factor =
Profit from Trades / Loss from Trades.
If the competitors have equal results, their ranking is determined
by the financial total amount of their profitable trades – the competitor with
bigger total wins.
Total Trades: Total Trades = total number of
all trades opened throughout the competition.
Overall Ranking: Overall
ranking = sum of placings of the Competitor across all three categories.
The winner is determined by the value of their overall ranking
being the lowest numerical value. If competitors have equal overall ranking,
the winner is determined as follows:
1.
The Competitor with the numerically lowest sum of places in profit
factor and traded volume categories wins.
2.
The Competitor with the highest Net Equity wins. (If the sum of
places across profit factor and traded volume matches)
4.1.
The participant who has the lowest sum across all three categories
shall be awarded the following prizes:
·
1st Place: $100 Trading Credits
·
2nd Place: $90 Trading Credits
·
3rd Place：$80 Trading
Credits
·
4th-10th Place: $60 Trading Credits
In
the circumstance that two or more participants have an equal total sum of their
places, the winner is determined by the additional criteria stated in clause
3.8.
4.2.
The prize winners of paragraph 4.1 will be announced following
completion of the Competition on 21st of August. All winners and
results will also be posted on the Company’s website and social media
platforms.
4.3.
The prizes will be transferred to the participants’ Live Account. If
participant does not have a Live Account, they must open a Live Account and
become a Client of the Company to be eligible to claim the prizes. If prizes
are not claimed within 2 weeks of competitions end (1st September 2023), they will be expired and
can no longer be claimed.
4.4.
All Trading Credits will expire after 4 weeks on 15th September 2023. Once expired, all
Trading Credits will be removed from the account. Trading Credits cannot be
withdrawn.
4.5.
Profit made from the Trading Credits prizes can be withdrawn, up
to $100, one time only if participant has never made a deposit into their live
account. If participant has made a deposit into their live account, all profit
made may be withdrawn as long as it is not withdrawn in conjunction with the
deposit made.
4.6.
Participants are required to keep the deposit in their account for
90 days before withdrawing. Profit made may be withdrawn at any time without
limiting clause 4.5.
5.1.
Participants acknowledge and confirm that they shall accept
responsibility for any taxes that may be incurred because of accepting a
Competition prize.
5.2.
By claiming and accepting a Competition prize, each winner agrees
for their nickname to be used for marketing and promotional purposes on the
Company’s website and/or social media (to be specified and executed at the sole
discretion of the Company).
5.3.
By participating in the Competition, participants authorise the
Company to announce interim results and their nicknames on the Company’s
websites and/or social media on a regular basis.
5.4.
By registering and participating in the Competition, the participant
confirms that they have read, understood, and agreed to be bound by the Terms
and Conditions of the Competition and any other Terms and Conditions of the
Company that may apply.
5.5.
The participant acknowledges that trading CFDs is highly
speculative and involves a substantial risk of loss of the invested capital or
more than the invested capital. Trading in CFDs is not suitable for all participants
but only for those who understand and are willing to accept the financial risks
involved. CFDs financial instruments may not be suitable for everyone, and participants
should ensure that they properly understand the risks involved. Participants
should seek independent advice if necessary.
5.6.
Participant understands that the Competition is not an intentional
inducement to acquire JDFX Products or a recommendation that its products are
suitable to his or her circumstances.
6.1.
It the Company suspects or has reason to believe that a participant
has submitted fraudulent details and/or false identification information during
registration for the Competition, the Company reserves the right as its
absolute discretion to disqualify the participant from the Competition and/or
other bonus programs or promotions offered by the Company.
6.2.
If the Company suspects or has reason to believe that a participant
has abused and/or manipulated in any way any of the Terms and Conditions of
this Competition and/or has not acted in good faith, the Company reserves the
right as its absolute discretion to:
i.
withdraw and or withhold any winning prize from the participant;
and/or
ii.
disqualify the participant from this Competition and/or any other
bonus programs or promotions offered by the Company with immediate effect.
6.3.
If the Company suspects or has reason to believe that a participant
has abused and/or manipulated any of the Terms and Conditions of this
Competition and/or any other bonus programs or promotions offered by the
Company, by hedging his positions internally (using other trading accounts held
with Company) or externally (using other trading accounts held with other
brokers) and/or has not acted in good faith, the Company reserves the right, at
its absolute discretion and without obtaining the participant's consent, to
remove the participant from the Competition and/or his winning hedges and/or
withdraw and/or withhold any winning prize from the participant with immediate
effect.
6.4.
If prizes are withdrawn or withheld from the participant, the participant
will not be entitled to any compensation or payment from the Company.
6.5.
The Company shall not be liable to any participant for any loss or
damage arising in connection with the Competition, including without
limitation, any error in computing chances, any breakdown or malfunctions in
any computer system or equipment. Without prejudice to any generality of the
foregoing, the Company assumes no responsibility for lost, late, misdirected,
damaged, incomplete, illegible and/or postage due mail.
6.6.
The Company reserves the right, as its absolute discretion, to unilaterally
modify, change or terminate the Competition or any of the Terms and Conditions
included herein, at any time without the participant’s consent.
6.7.
These Terms and Conditions are governed by the laws of New Zealand.
Risk
Warning: Investing in JDFX derivative products carries significant
risks and is not suitable for all investors. You could lose more than your
deposits. You do not own, or have any interest in, the underlying assets. We
recommend that you seek independent advice and ensure you fully understand the
risks involved before trading. Spreads may widen dependent on liquidity and
market volatility. The information in this document is prepared without
considering your objectives, financial situations or needs. You should consider
the information considering your objectives, financial situation, and needs.
Financial
Service Provider Registration: JDFX is
registered as a New Zealand Financial Service Provider. FSP number FSP302606.
Copyright
© JDFX 2023. All Rights Reserved.