ForexBall™ Rules

1. General provisions: 

1.1 The ForexBall trading competition consists of 4 Seasons and one Final round which will carried out according to the following schedule:

1.1.1 [Round 1] 22.03.2010 12:00 (London/MetaTrader) – 02.04.2010 21:00 (London/MetaTrader)
1.1.2 [Round 2] 17.05.2010 12:00 (London/MetaTrader) – 28.05.2010 21:00 (London/MetaTrader)
1.1.3 [Round 3] 09.08.2010 12:00 (London/MetaTrader) – 20.08.2010 21:00 (London/MetaTrader)
1.1.4 [Gold Rush] 08.11.2010 12:00 (London/MetaTrader) – 19.11.2010 21:00 (London/MetaTrader)
1.1.5 [Final Round] 06.12.2010 12:00 (London/MetaTrader) – 17.12.2010 21:00 (London/MetaTrader)

1.2 Participants of the ForexBall competition must finish a registration procedure in Trader’s Room. Depending on the residing country they are attributed to one of 7 geographical sections. ForexBall Seasons [Round 1], [Round 2], [Round 3] are conducted in each section separately. Winners of Seasons [Round 1], [Round 2], [Round 3] are established separately for each section. In the additional [Gold Rush] Season only GOLD will be available for trading on contest demo accounts. The united rating table will be generated for all participants from 7 geographical sections and there will be only 5 winners of the [Gold Rush] Season.

1.3 Each ForexBall Season is a separate competition of participants from following groups of countries that are consolidated in Sections:

1.3.1 Eastern Section: Russia, Ukraine, Belarus, Kazakhstan, Moldova, Armenia, Uzbekistan, Georgia, Azerbaijan, Turkmenistan, Kirghizia, Tajikistan.

1.3.2 Scandic Section: Estonia, Latvia, Lithuania, Finland, Sweden, Norway, Denmark.

1.3.3 Central Section:Poland, Slovakia, Czech Republic, Hungary.

1.3.4 Balkan Section:Bulgaria, Romania, Macedonia, Serbia, Croatia, Slovenia, Bosnia and Herzegovina, Montenegro, Turkey, Albania, Greece.

1.3.5 Western Section: United Kingdom, France, Germany, Austria, Switzerland, Holland, Belgium, Ireland, Italy, Iceland, Spain, Portugal, Luxembourg, Liechtenstein, Andorra, San Marino, Monaco, Cyprus, Malta.

1.3.6 Oriental Section: China

1.3.7 Tenggara Section: Malaysia, Indonesia, Brunei, Thailand, Singapore.

1.3.8 Competition is conducted only in the countries indicated in subitems 1.3.1-1.3.7.

1.4 Each season opens and closed 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 Season 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 7 geographical Sections of the ForexBall Competition.

2.2.2 In case a country of residing of a participant is not included into any of 7 Sections, he/she will be refused registration in the competition.

2.2.3 In case a participant, inadvertently or purposely, has indicated his/her residing country incorrectly, he/she will immediately lost the right to claim for 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 margin rate of 1% (i.e. leverage 1:100) and virtual deposit in amount of $5000. Access data for use in MetaTrader 4 (i.e. login and password) are sent by e-mail to each participant in the end of registration process.

3. Terms of trading on ForexBall demo contest accounts:

3.1. Participants may only conduct their trading using MetaTrader 4 client terminal. Participants have no right to 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 corresponding fields in the File->Login menu and then choose “Admiral-Demo” trading server in the pop-up list. Access points dedicated to contest accounts are: server2.fxservice.com:443, server6.fxservice.com:443.

3.3 Automated trading (Expert Advisors) is prohibited.

3.4 In the event the contest account has open positions at the moment of 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 the round was managed from a single IP-address;

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

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

3.6 In the [Gold Rush] season of ForexBall competition only GOLD will be available for trading on contest demo accounts.

4. Establishing winners and prize distribution in each of Seasons:

4.1. Establishing of winners of each Season occurs as follows:

4.1.1 after the Season is closed, Admiral Markets forms the rating list of applicants for prizes in each of 7 Sections.

4.1.2 Only participants satisfying following conditions can claim for prizes:

a) Account's balance in the end of the Season must exceed the value of initial balance;

b) The participant has not been disqualified.

4.1.3 The bigger is balance, the higher is position in the rating. In case of equality of balances the higher position is granted to participant with bigger cumulative amount of completed deals in its contest account.

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

4.1.5 After the round is closed AM publishes within 96 hours the final Top 5 rating of the Season 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 participant's cumulative trade size is below 10 lots, such participant cannot claim for prizes in the corresponding Season.

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

4.3 In the additional [Gold Rush] Season of ForexBall competition the united rating table will be generated for all participants from 7 geographical sections and there will be only 5 winners of the [Gold Rush] Season. Prize funds in [Gold Rush] Season are distributed between 5 winners according to 4.2 table.

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

5.1 According to the item 4.1.1 of the present rules, after establishing of winners in each of two Seasons for each of 7 Sections, the Final Round of the ForexBall competition will be carried out.

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

5.3 Minimum 3 days prior to the beginning of the Final Round a special ForexBall demo contest account is opened for each of participants, with margin rate of 1% (i.e. leverage 1:100) and virtual deposit in amount of $5000 . Access data for use in MetaTrader 4 (i.e. login and password) are sent to each participant by e-mail that was provided during registration.

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

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

5.4.2 Only participants satisfying following conditions can claim for prizes:

a) Account's balance in the end of the Final Round must exceed the value of initial balance;

b) The participant has not been disqualified.

5.4.3 The bigger is balance, the higher is position in the rating. In case of equality of balances the higher position is granted to participant with bigger cumulative amount of completed deals in its contest account.

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

5.4.5 After the round is closed AM publishes within 96 hours the final Top 3 rating of the Final 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 participant's cumulative trade size is below 10 lots, such participant cannot claim for prizes in the Final Round.

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

6. Awarding winners at 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 registration to the contest.

6.2 The whole amount of a prize paid to the 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 the 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 contest@forextrade.ee. AM reserves the right to request additional documents or procedures in order to prove winner's identity.

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

7. Disagreements and complaints:

7.1 All complaints have to be sent via e-mail to contest@forextrade.ee with subject line “ForexBall Contest”. That is the only avenue the complaints are accepted and resolved.

7.2 Complaints connected with impossibility to conduct a trading operation on the contest account because of a low quality of an internet connection (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, AM decision stands. While deciding, AM takes into consideration the “Terms of Business” and common market practices. AM decisions are not disputable further.

8. Miscellaneous:

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

8.2 Paying taxes in the country of residing of the participant who has won a money prize is the responsibility of the participant.

8.3 If for any reasons the competition will not be finished and, accordingly, will not be reinstated, results 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 at appreciable error detection in criteria of definition of the winner of the rule of competition can be changed.

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

8.6 Final results of the finished rounds cannot be revised.