MultiBank Global Demo Trading Competition Terms and Conditions
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By participating in the Global Demo Trading Competition, you
acknowledge that you have read and agreed to be bound by these terms
and conditions as well as to the MultiBank Group Trading Terms and
Conditions.
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For participating in the Global Demo Trading Competition, you must
register for the contest by providing the details requested (first &
last name, telephone, email, country & nickname) and be over 18
years old. All details provided during the registration process
should be correct (i.e. full name details to match the proof of
identity, proof of residence to match the country of residence,
etc.) otherwise the participant/winner will be disqualified from the
Demo Trading Competition.
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The Global Demo Trading Competition is available to new clients
only. MultiBank Group employees, existing Clients, and Partners are
not eligible to participate in the Demo Trading Competition.
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Any person who has previously participated in any previous
Competitions will not be eligible to participate in the current
Global Demo Trading Competition and will be automatically
disqualified from the contest.
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Upon completing the Global Demo Trading Competition registration
form, MultiBank Group Demo Trading platform will be sent to your
registered email address with your unique credentials. The Demo
account will be held in USD and each participant will obtain up to
US$100,000 virtual money to be used for the contest. Each
participant in the Demo Trading Competition will have to register
only one time. If the participant accidentally registers for
multiple accounts, the first account they registered will be used
for trading and the other accounts will be closed and invalidated.
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A participant can be disqualified from the Global Demo Trading
Competition in case he/she meets any but not limited to the
following factors:
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A participant used fake details during the registration in the
Global Demo Trading Competition.
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A participant has more than one Demo Trading Competition
account.
- Two or more participants are using the same IP address.
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Participants hedging between different accounts in the
Competition.
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A participant is using an additional plug-in or expert advisor
or scripts or scalping and/or hedging internally between
different Demo Trading accounts used in the Global Demo Trading
Competition.
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In case a person uses dynamic IP address, in which the IP
address changes instantly during the time the client is
connected to the internet, then he will be exposed to be
disqualified from the Demo Trading Competition, even though he
is entitled to a Prize.
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Details of the registration and completion dates can be found below:
| Registration & Competition Dates |
Start from: |
End on: |
| Registration Period |
17 th of February 2021 |
20thth of April 2021 |
| Competition Period |
5 th of April 2021 |
30th of April2021 |
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MultiBank Group will accept only the participants that have
registered for the Global Demo Trading Competition during the
above-mentioned dates, both inclusive.
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At the end of the Demo Trading Competition, MultiBank Group will
automatically close any running/open trades at the last quoted
price of the MultiBank Group MT4 trading platform.
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All participants will be competing using similar demo accounts of
the same characteristics and trading conditions.
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Participants will be competing using ECN Pro Account and Leverage up
to 500:1
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. The Demo Trading Competition winners will be determined according
to the Percentage in Profit to the initial deposit (US$100,000 as
Virtual Currency) which will be calculated according to the below
formula subject to meeting the minimum Trading Requirement of 1,000
lots round trip.
Percentage of Profit = (Total Net Profit /
Initial Deposit) x 100
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Demo Trading Competition Structure and Award Prizes are set as
below:
| Registration & Competition Dates |
Start from: |
| 1st |
CASH PRIZE: US$10,000 in BTC value* |
| 2nd |
CASH PRIZE: US$3,000 in BTC value * |
| 3 rd |
CASH PRIZE: US$2,000 in BTC value* |
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To qualify for the cash prizes a winner will have to:
- Sign up for an account with www.mexbit.com
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Get fully verified with
www.mexbit.com by passing
the full KYC process and getting approved for Cryptocurrency and
FIAT deposits and withdrawal account. This can be done by
supplying a valid Government Approved Identity Document, such as
a valid Passport, Driving License or National ID and passing
Proof of Address check.
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The full details provided during the Demo Trading Competition
registration should match and be identical to the details in the
documentation provided during the KYC process with
www.mexbit.com
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The prize will be provided in BTC and transferred to the winners
Bitcoin (BTC) Wallet with
www.mexbit.com.
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The prize will be provided in BTC Value. The BTC value will be
determined at the time of transferring the award to the winner’s
wallet using
www.mexbit.com live BTC/USD
price feed. For example, if the price of 1 BTC is $10,000 at the
time of transferring the awarded amount to the winner.
Therefore, the winner shall receive 1 BTC in his digital wallet.
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The winner must provide the credentials were initially sent by
MultiBank Group to the contest participant at the time of their
registration for the Demo Trading Competition account by sending
these details to MultiBank Group to
[email protected]
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The participant acknowledges and authorizes MultiBank Group to
announce the daily results of the Demo Trading Competition at its
Website and Social Media pages including each participant’s
nickname.
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. MultiBank Group will announce the winners at the end of the Demo
Trading Competition; the venue of the announcement will be MultiBank
Group website/Social Media Pages.
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By winning a Demo Trading Competition prize, the winners accept that
will participate in various promotional events that will be publicly
announced in various venues including MultiBank Group site.
Promotional events include but are not limited to interviews,
photos, listing announcements of their full names, nicknames,
country of origin, prizes received, etc.
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In case of refusal by the winner of not participating in promotional
events then MultiBank Group has the right to disqualify the winner
and give the prize to the next place participant.
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Winners who are awarded with prizes are not allowed to request to
credit such prize to a different trading account holder but instead
should be in the name of the participants.
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. For winners to be able to receive the Demo Trading Competition
prize will need to meet all requirements set in these terms and
conditions.
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If MultiBank Group suspects that a participant has
abused/manipulated or attempted to abuse/manipulate this Demo
Trading Competition or otherwise acted with a lack of good faith
towards us, then MultiBank Group reserves the right, at its sole
discretion, to deny, withhold or withdraw from that user the award
received or promotion and if necessary to cancel any terms and
conditions with respect to that participant, either temporarily or
permanently, or terminate that participant’s/client’s/user's access
to the service and/or block that user's Account. MultiBank Group
reserves the right to modify, change or terminate.
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If MultiBank Group suspects that a participant has abused the fair
rules of the Demo Trading Competition by hedging his positions
internally (using other trading accounts held with MultiBank Group)
or externally (using other trading accounts held with other brokers)
or has used any additional plug-ins (i.e. expert advisors) then
MultiBank Group reserves Copyright © 2020 MultiBankFX. All Rights
Reserved the right to immediate disqualify the participant/client
from the Demo Trading Competition without the consent of the Client.
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. These Terms & Conditions are made in English. Any other language
translation is provided as a convenience only. In the case of any
inconsistency or discrepancy between original English texts and
their translation into any other language, as the case may be, the
original version in English shall prevail.
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The Demo Trading Competition terms and conditions are dated 3 Feb
2021.
Copyright © 2020 MultiBankFX. All Rights Reserved
