ForexBall™ Rules

1. General provisions

1.1 The ForexBall™ trading competition consists of 4 Basic rounds and one Final Round which will carried out according to the following schedule:

1.1.1 [Round 1] 21.03.2011 12:00 (London/MetaTrader) – 01.04.2011 21:00 (London/MetaTrader)
1.1.2 [Round 2] 16.05.2011 12:00 (London/MetaTrader) – 27.05.2011 21:00 (London/MetaTrader)
1.1.3 [Round 3] 05.09.2011 12:00 (London/MetaTrader) – 16.09.2011 21:00 (London/MetaTrader)
1.1.4 [Round 4] 07.11.2011 12:00 (London/MetaTrader) – 18.11.2011 21:00 (London/MetaTrader)
1.1.5 [Final Round] 05.12.2011 12:00 (London/MetaTrader) – 16.12.2011 21:00 (London/MetaTrader)

1.2 Participants of the ForexBall™ competition must complete the registration procedure in the Trader's Room. Depending on the residing country, they are assigned to one of 7 geographical regions. ForexBall™ rounds [Round 1], [Round 2], [Round 3] are conducted in each region separately. Winners of rounds [Round 1], [Round 2], [Round 3], [Round 4] are established for each region separately. A united rating table will be generated for all participants from 7 geographical regions.

1.3 Each ForexBall™ round is a separate competition of participants from following groups of countries that are consolidated in divisions based on geographical regions:

1.3.1 Eastern Region: Russia, Ukraine, Belarus, Moldova, Georgia, Armenia, Azerbaijan, Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan.

1.3.2 Nordic Region: Sweden, Denmark, Norway, Iceland, Finland, Estonia, Latvia, Lithuania.

1.3.3 Central+Western Region: Poland, Czech Republic, Slovakia, Hungary, Austria, Germany, Switzerland, France, Belgium, Netherlands, United Kingdom, Ireland, Luxembourg, Liechtenstein, Andorra, Monaco.

1.3.4 Southern Region: Spain, Portugal, Italy, Malta, San Marino, Slovenia, Croatia, Serbia, Bosnia and Herzegovina, Montenegro, Macedonia, Albania, Bulgaria, Romania, Greece, Turkey, Cyprus, Israel.

1.3.5 Oriental Region: China, Taiwan, Hong Kong, Macao, Mongolia, Korea, Japan.

1.3.6 Tenggara Region: Malaysia, Indonesia, Singapore, Brunei, East Timor, Philippines, Thailand, Vietnam, Cambodia, Laos, Burma.

1.3.7 The Combined Division consists of countries that are not listed in any previous Division.

1.4 Each round opens and closes according to the above schedule.

1.5 All trading operations are performed with "virtual" money on the special ForexBall™ demo contest accounts which are opened separately for each round of the competition. Each participant opens ForexBall™ demo contest accounts online from his personal Trader's Room.

1.6 Participation in the contest is completely free of charge.

1.7 Everyone is welcome to participate, except for employees of Admiral Markets ("AM") and their respective relatives and dependents, Introducing Brokers of AM, Referrals and Agents of AM, employees of other brokerage companies, dealing centres and banks as well as their respective relatives and dependents.

1.8 Contest accounts remain inactive ("Disabled") until the scheduled beginning of the corresponding round.

1.9 Each participant agrees that its chosen pseudonym ("nickname"), country of residence, and account's equity data may be published in the rating table at www.admiralmarkets.com and in all site versions. Each prize winner agrees that its name, surname and transaction history may be displayed in the detailed statement linked to its respective nickname in the final rating of the contest round.

2. Registration in the ForexBall™ competition

2.1. Each participant who has registered a ForexBall™ demo contest account agrees with the "Terms and Conditions of the ForexBall™ competition for demo accounts" and also with the "Terms of Business" of Admiral Markets.

2.2 Each participant consents to provide correct personal data in the registration process.

2.2.1 Each participant consents to provide the real country of his/her residing, which must be a country mentioned in one of the 7 geographical regions of the ForexBall™ Competition.

2.2.2 In case a participant, inadvertently or purposely, has indicated his/her residing country incorrectly, he/she will immediately lose the right to claim their prizes and will be disqualified from participating in all rounds of the competition.

2.3 Contest accounts are demonstration accounts in the MetaTrader 4 Admiral Markets trading platform that are provided with a margin rate of 1% (i.e. leverage 1:100) and a virtual deposit in the amount of $5000. Access data for use in MetaTrader 4 (i.e. login and password) are sent by e-mail to each participant at the end of registration process.

3. Terms for trading on ForexBall™ demo contest accounts

3.1. Participants may only conduct their trading using the MetaTrader 4 client terminal. Participants may not use the AM Phone Dealing Service.

3.2 In order to begin trading, participants are required to install the AM trading software "MetaTrader 4 Admiral Markets", enter their access data (Login and Password) into the corresponding fields in the File->Login menu and then choose the "AM-Demo" trading server in the pop-up list. Access points dedicated to the contest accounts are: server2.fxservice.com:443, server6.fxservice.com:443.

3.3 Automated trading (Expert Advisor) is prohibited.

3.4 In the event the contest account has open positions at the moment of the scheduled closing of the round, such positions will be closed at prevailing market prices. Long positions will be closed at the Bid price and short positions will be closed at the Ask price.

3.5 AM has the discretion, but not the obligation, to disqualify the participant during any contest round or after its closing, if:

3.5.1 AM established that participant was trading in more than 1 contest account during the same round;

3.5.2 AM has established that more than one account participating in the round was managed from a single IP-address;

3.5.3 The participant was using anonymous HTTP/socks proxy-servers for his trading.

3.5.4 Disqualified participants will lose their right to claim prizes in all rounds of the contest.

3.6 In the [Round 4] round of the ForexBall™ competition; only GOLD will be available for trading on contest demo accounts.

4. Establishing winners and prize distribution for each round

4.1. Establishing the winners of each round occurs as follows:

4.1.1 after the round has closed, Admiral Markets forms the winners list in each of the 7 divisions. In the case of the Gold Rush round, there are no separate divisions.

4.1.2 Only participants satisfying the following conditions may claim prizes:

a) Participant's account balance at the end of the round must exceed the value of their initial balance;

b) The participant has not been disqualified.

4.1.3 The larger the contestant's balance is, the higher their ranking. In case two or more contestants have equal balances, the higher position is granted to the contestant who has a larger cumulative amount of completed deals for that round.

4.1.4 If there are no participants who correspond to the above-stated conditions, it is considered that there are no winners in that round.

4.1.5 Within 96 hours of the round closing, AM publishes the final Top 5 ratings of the round in the "Company News" section at www.admiralmarkets.com and links detailed statements to respective nicknames in the online rating.

4.1.6 In the event of a participant's cumulative trade size being below 10 lots in a round, such participant may not claim prizes in that corresponding round.

4.2 Prize funds in the [Round 1], [Round 2], [Round 3], [Round 4] rounds are distributed between the Top 5 participants in each of the 7 divisions as follows:

5. Establishing the winners and the prize distribution in the Final Round

5.1 According to item 4.1.1 of the present rules, after establishing the winners in each of the rounds, the Final Round of the ForexBall™ competition will be carried out.

5.2. The winners in each of the 4 rounds (item 4.2) can participate in the Final Round. The total number of participants of the Final Round will not exceed 110 participants.

5.3. A minimum of 3 days prior to the beginning of the Final Round, a special ForexBall™ demo contest account is opened for each of the participants. Each account is given a virtual deposit amount of $5,000 with a margin rate of 1% (i.e. leverage 1:100). Access data for these accounts in MetaTrader 4 (i.e. login and password) are sent to each participant by e-mail to the address that was provided during registration.

5.4. Establishing winners and the prize distribution after the Final Round occurs as follows:

5.4.1 after the Final Round has closed, Admiral Markets forms the ranking list of applicants for prizes.

5.4.2 Only participants satisfying the following conditions can claim prizes:

a) Account's balance at the end of the Final Round must exceed the value of their initial balance.

b) The participant has not been disqualified.

5.4.3 The larger the contestant's balance is, the higher their ranking. In case two or more contestants have equal balances, the higher position is granted to the contestant who has a larger cumulative amount of completed deals for that round.

5.4.4 If there are no participants who correspond with the above-stated conditions, it is considered that there are no winners in the Final Round.

5.4.5 Within 96 hours of the round closing, AM publishes the final Top 5 ratings of the round in the "Company News" section at www.admiralmarkets.com and links detailed statements to respective nicknames in the online rating.

5.4.6 In the event of a participant's cumulative trade size being below 10 lots in the Final Round, such participant may not claim prizes for the Final Round.

5.5 Prize funds are distributed between the Top 3 participants of the Final Round as follows:

6. Awarding winners after each round of the competition

6.1 Prize funds are distributed in the form of deposits paced in live accounts, opened by AM for prize winners using their personal details that were provided during contest registration.

6.2 The whole amount of a prize that is paid to a winner's live account is the property of the winner and is at his/her complete disposal.

6.3 Prize winners consent to participate in AM's PR enterprises, such as interviews, photo-reports and the public notification through mass-media about the results of the competition. AM will not divulge personal information (e.g, real name of a participant) without participant's consent.

6.4 If a participant is awarded a prize in any round of the ForexBall™ competition:

6.4.1 Prize winner must submit photocopies of their passports or ID cards within 5 days after the end of the round to This e-mail address is being protected from spambots. You need JavaScript enabled to view it . AM reserves the right to request additional documents or procedures in order to verify the winner's identity.

6.4.2 Withdrawing funds from the live prize account can be only conducted to the winner's bank account, only if the bank account is opened in the name of the participant. AM reserves the right to request additional documents or procedures in order to verify the winner's identity.

7. Disagreements and complaints

7.1 All complaints have to be sent via e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it with the subject line "ForexBall™ Contest". It is only though this avenue that the complaints will be accepted and resolved.

7.2 Complaints connected with the failure to conduct a trading operation on a contest account because of low internet connection quality (either on the side of the participant or on the side of AM's hosting provider) are not accepted.

7.3 Complaints connected with quoting in the MetaTrader 4 Admiral Markets are not accepted, except for cases of appreciable errors.

7.4 During disputes, the AM decision is final. While deciding, AM takes into consideration the "Terms of Business" and common market practices. AM decisions are non disputable.

8. Miscellaneous

8.1 AM retains the right to close or cancel the competition at any time because of unexpected or unusual circumstances.

8.2 It is the responsibility of any participant who has won any prize money to pay taxes on their winnings in accordance with the respective laws of their country/region.

8.3 If for any reason the competition is terminated due to unforeseen circumstances before the official end date, the ranking of participants at the moment of termination of the competition will not be considered as the basis for establishing winners.

8.4 In exceptional cases where an appreciable error has occurred, the criteria for determining the winners of each round can be changed by AM.

8.5 AM retains the right to change the competition rules if unforeseen circumstances should arise or if an obvious error has been found.

8.6 The final results of completed rounds cannot be revised.