Demo contest - December ' 2020

TERMS AND CONDITIONS FOR DEMO TRADING CONTEST

General Terms

By entering this WOHLSTAND Demo Trading Contest - December '2020 (“the Contest”), the participant indicates his/her agreement to be bound by these Terms and Conditions.

The Contest is organized and run by WOHLSTAND.

Individuals who are at least 18 years old and are legally allowed to participate in such contests by the jurisdiction of their residence may participate in the Contest.

Participation in the Contest is free of charge.

The maximum number of Demo Trader accounts per individual participating in the Contest is one (1).

Contest Dates

The WOHLSTAND Demo Trading Contest - December ’2020 starts on 01/12/2020 and ends on 31/12/2020, at 00:00 GMT, unless it is determined otherwise by WOHLSTAND.

Registration

To participate in the Contest, the participant must open a Contest Demo Trader account with WOHLSTAND by completing the registration form which is available on the Contest page and by verifying his/her email address and his/her registered phone number.

The registration date starts on 15/11/2020 and ends 15/12/2020. 

Contest Process

All trading operations are performed with virtual funds on special Contest Trader WOHLSTAND accounts that will be connected with a demo MT4 account. The Demo MT4 account will be created upon registration on the Contest page and the login details will be sent to your registered whatsapp number within 24 hours time.

Upon commencement of the Contest period, each Trader shall be provided with a $10,000 virtual deposit and 1:100 account leverage. 

The base currency of the Demo Trader account will be USD. Trading will be performed via the Demo MT4 Platform.

Trading opens at the date and time specified on the Contest page. Until then, all Contest Demo Trader accounts remain inactive (‘the trading status is disabled’).

The Contest Demo Trader accounts will also appear on the WOHLSTAND page upon activation of the trading status of the account. They will be eligible for copy trading and for compensation based on the regular compensation scheme as described on the Traders Program Guide.

The Contest results will be calculated based on the accounts’ return on investment “ROI” at 23:00 GMT of the ending date of the Contest, including any open positions.

The traders accounts which holds the equity more than $10,000 are considered to be eligible for prize winning.

Every traders must trade more than 10 lots during the contest period.

The statistical data and graphs displayed on the Contest section relating to the participants performance will be updated on a daily basis at 00:00 GMT.

The results of the Contest are un-related in any manner to the classification of the Trader account on the official WOHLSTAND Ranking System.

Prizes and Winners

Winners of the Contest (top 3) will be the Traders who have the highest ROI (open and closed positions) at the end of the Contest.

The Prizes are as Follows:

First Place: $1,000

Second Place: $500

Third Place: $250 (2Nos)

To be eligible to receive the prizes, the Winners must register for a new free-deposit Live account with WOHLSTAND within 1 month after the end date of the Contest. 

WOHLSTAND may not be held responsible in the case that Winners fail to open a Live account, due to eligibility restrictions or failure to complete the Due Diligence process based on the selected Broker policy, which will result in the disqualification of the Winners.

The Contest prize will be added to the Winner’s Live WOHLSTAND trading account as follows: 

a) 100% of the prize amount will be credited within 15th of next month in the Winner’s Live WOHLSTAND account for trading purposes. The amount can be used by the Winners for trading in the Live account without any restriction. 

b) The profits made by trading on the prize amount is permitted for withdrawal at any time, subject to the condition that the withdrawal amount is higher than 100$.

Important Notes:

Prizes are not redeemable for cash and are non-transferrable.

Prize winners need to be approved as clients with WOHLSTAND in order to redeem their prize.

In the event that two or more Winners have the exact equal ROI at the end of the Contest, the Participant with the lower registered drawdown will win the prize.

WOHLSTAND reserves the right to cancel or amend the Contest and these Terms and Conditions without notice in the event of a catastrophe, war, civil or military disturbance, act of God or any actual or anticipated breach of any applicable law or regulation or any other event outside of

WOHLSTAND can control for any other reason not specified under these Terms. WOHLSTAND will notify participants of any changes to the Contest as soon as possible.

Participants acknowledge that any indication or suspicion, in WOHLSTAND reasonable discretion, of any form of arbitrage, abuse, fraud, manipulation by participant accounts, can lead to such accounts’ disqualification from participation in the Contest.

WOHLSTAND decision with respect to all matters to do with the Contest will be final and no correspondence will be entered into.

WOHLSTAND reserves the right at its reasonable discretion, to:

a. Decline registration of any participant in the Contest promotion.

b. Disqualify any participant from the Contest who violates or abuses the Terms of Use.

Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosures.

 WOHLSTAND  MARKETS LTD does not offer its trading services to residents of certain  countries/ jurisdictions such as Afghanistan, Bosnia & Herzegovina,   Burundi, Eritrea, Gaza Strip, Haiti, Iran, Japan, Lao, Libya, Myanmar,   North Korea, Somalia, South Sudan, Sudan, Syria, USA, Venezuela, West   Bank and Yemen.