1 Championship Trading Period
Details |
Starts |
Ends |
---|---|---|
Registration dates |
31 August 2014 |
04 October 2014 |
Championship dates |
05 October 2014 |
31 October 2014 |
Once the sign up period has ended no more entries will be accepted for this month and entries will automatically enter the next month’s championship.
2 Entry Requirements
Participants who have registered for the October 2014 Demo Championship will be eligible to participate in the championship. All participants commit themselves to provide true information when registering for the contest. Each entrant to the championship will receive a unique Championship Login Number and a unique Championship Password 24 hour before the championship starts. They must use these to log into the ICM Capital MetaTrader 4 platform on the start date of the Championship.
3 Championship Aim
Take part in the championship, achieve the highest equity in a Championship Demo Account and win one of three prizes which will be credited to an ICM Capital Live Trading Account after the championship ends.
4 Prizes
The top three winners are those traders with the highest equity and will win prizes worth a combined 4,000 USD as credit bonus for ICM Capital Live Trading Accounts.
Credit bonuses will stay in the winners ICM Capital Live Trading Account for 31 days from the day the account is credited as long as no withdrawals are made. If withdrawals are made within 31 days of the bonus being credited, then the credit bonus will also be withdrawn. In cases where two or more championship accounts achieve the same balance, the championship account with the highest number of closed standard lots will be declared the winner amongst the two.
5 Championship Terms
6 Prize Claiming Conditions
Winners are requested to provide the following documents within 31 days after the announcement of the championship results in order to open a Live Trading Account and obtain their prize:
In the event that the winner fails to follow the instructions in the notification email, to submit relevant documentation and claim their prize within 31 days, ICM Capital Limited shall deem this as a decline. In such cases the winner can no longer claim the prize after 31 days have passed.
7 Communication Delay
ICM Capital shall not be made liable for any delays in the acceptance or transmission of orders due to a breakdown or failure of transmission or communication facilities, or for any other cause beyond their reasonable control or anticipation.
8 Privacy Policy
Personal information collected from participants will be processed in accordance with the ICM Capital’s Privacy Policy which is available on the ICM Capital website Privacy Policy.
9 Disentitlement
In cases of any indiscretion in trading, overleveraging, misuse of orders where "scalping" or “sniping” or “hedging” may be involved, such transactions will not be taken into consideration and will be treated as illegal activity and may even be removed from participants accounts. ICM Capital reserves the right to disqualify any participant or cancel the trades found in violation of the trading rules or applying inappropriate trading strategies. Scalping defined as trade that was opened and closed within a very short period of time. Sniping defined as when the client trades on a delayed or “Stuck prices” on ICM Capital platform. Hedging means client over exposing his account with an opposite trade to an existing trade with the same trade volume with ICM Capital or another company to gain profit from deal terms.
10 Postponement or Cancellation
ICM Capital in its sole discretion, reserves the right to extend or postpone the championship periods, to cancel the championship and/or to reject any participant's application if determined that such action is reasonable and/or necessary.
Any account which gets liquidated, stopped out or has a withdrawal made will result in all bonuses being removed.
If the equity falls below 0% the credit bonus will be utilised to adjust balances to zero.
Margin
11 Additional Terms
ICM Capital reserves the right to amend or waive any rule during and after this championship. ICM Capital management may make changes to the Terms and Conditions and will announce these changes by posting the modified terms on the ICM Capital website. Any changes announced on the website will be deemed effective immediately.