Trading Championship September 2012 IamFX

Contest Rules

In order to enter (the "Contest"), you must agree to the following terms and conditions set forth on this page (the "Rules"). Because you will be bound by these Rules and these Rules will form a legally binding agreement with respect to this Contest, please read them carefully. You may not enter the Contest and you will not be eligible for the prizes described in these Rules unless you agree to these Rules. You agree that registration for this Contest and/or entry in the Contest constitutes your agreement to these Rules.


Sponsor
Myfxbook Trading Contest is sponsored by IamFX Inc., Samuel Lewis Avenue, Comosa Building, 1st Floor, Office 2, Apartado 0823-04294, Panama City, Republic of Panama ("IamFX"), www.iamfx.com.


Contest Term & Registration
1. The Contest starts at 12:00 PM (GMT - Greenwich Mean Time) on Friday, September 14th, 2012 and ends at 12:00 PM (GMT - Greenwich Mean Time) on Monday, October 15th, 2012.
2. Individuals at least 18 years of age or older, may participate in the Contest. IamFX reserves the right to refuse any person as an entrant.
3. All former and current employees of IamFX Inc. , and each of its affiliates and subsidiaries (collectively, "IamFX") and such employees' immediate family members and persons with whom such employees are domiciled are prohibited from participating in the Contest.
4. Every participant is allowed to have only one competition demo account. More than one demo account is grounds for disqualification.
5. A demo account must be opened with IamFX. (Use ONLY the above sign up form to have an account issued to you automatically). To provide equal opportunity to all eligible participants, the contest will be conducted using IamFX’s MT4 demo trading platform that provides functionalities and access to products that may be unavailable or restricted depending on a trader’s residence.
6. Each participating demo accounts start with a $50,000 balance and a 200:1 leverage. Maximal position size is limited to 1000 lot. Demos are blocked from trading before the competition starts.
7. To be eligible for participation, you must be willing to let your name, and demo account trading record for the time period of the contest be published and/or distributed by IamFX, its agents, subsidiaries, successors and Myfxbook during and after the life of the contest. Any personal information, including without limitation, the your name, age, address (including postcode), telephone number and/or email address (Personal Data) will be used (i) in connection with the Contest which you entered, (ii) for any purpose to which you gave your express consent on entry (iii) as set out in these Contest Rules . Your Personal Data will not be disclosed to any third party, except for the purpose of fulfilling the prize(s) where applicable unless you gave your express consent to this on entry.
8. Winners (top 3) are those with the largest demo account equity at the end of the contest period.


Prizes
9. $5,000 in total prizes will be given out. A $3,000 real funded IamFX account will go to first place, $1,500 real funded IamFX account will go to second place and a $500 real funded IamFX account will go to third place. In order to receive a live funded account with IamFX, the participant’s account application will undergo approval process by IamFX. In the event that the live account is not approved, IamFX will give out the prizes in the same amounts to the next contestant with the highest ending equity. Funds deposited by IamFX as a prize can only be withdrawn after 30 days from the date of deposit.
10. Contest winners are eligible to become Featured Master Traders on IamFX MT4 Trade Copier (industry first MT4 server based trade replicator system with performance success fee) and continue profiting from their trading knowledge and expertise.
11. By accepting a prize, each winner agrees that they are responsible for all applicable taxes associated with such prize including but not limited to any income, profits and gains and any other tax, duty, contribution, levy or charge in the nature of tax of any nature, whether domestic or foreign, federal or state.
12. All prizes are in USD. If a winner wishes to receive their prize in another currency they may do so however the value of the USD prize will not change. In such an event, the prize in USD will be converted to the selected currency as at the conversion rate delivered by IamFX.
13. Be aware that IamFX does not accept US clients. In case a US participant is one of the winners of the contest, the prize will be paid out to such participant by Myfxbook.
14. Correct contact details must be provided in order to claim your prize. Failure to do so may result in disqualification.


Conditions and Limitation of Liability
14. Traders can choose to opt out from the contest before and during the contest. By not opting out, you are subject to the contest's rules. Opting out will disqualify you from the contest. To opt out, please contact MyFXbook directly.
15. IamFX has sole discretion in determining whether a client's deposit and/or trading activity entitles them to retain the prize credit.
16. IamFX has sole discretion to disqualify any entrant, participant or winner found in violation of these contest rules or if IamFX determines that such action is reasonable or necessary.
17. To the maximum extent permitted by law, you indemnify and agree to keep indemnified IamFX at all times from and against any liability, claims, demands, losses, damages, costs and expenses resulting from any act, default or omission by you and/or a breach of any representation and warranty by you set forth herein. To the maximum extent permitted by law, you indemnify and agree to keep indemnified IamFX at all times from and against any liability, actions, claims, demands, losses, damages, costs and expenses for or in respect of which IamFX will or may become liable by reason of or related or incidental to any act, default or omission by you under these rules including without limitation resulting from or in relation to any breach, non-observance, act or omission whether negligent or otherwise, pursuant to these Rules by you. To the maximum extent permitted by law, you agree to hold IamFX, its directors, officers, employees and assigns harmless for any injury or damage caused or claimed to be caused by your participation in the Contest and/or use or acceptance of any prize won.
18. To the extent permitted by law, the rights to litigate, to seek injunctive relief or to any other recourse to judicial or any other procedure in case of disputes or claims resulting from or in connection with this Contest are hereby excluded, and you expressly waive any and all such rights. Notwithstanding the foregoing, unless otherwise agreed, these Rules and their enforcement are governed by the laws of Republic of Panama, without regard to principles of conflicts of law, and shall inure to the benefit of IamFX's successors and assigns, whether by merger, consolidation, or otherwise.
19. IamFX reserves the right, in its sole discretion, to amend these Rules, including extending the trading period, postponing the starting date, adding prizes, adding bonuses, and/or canceling or suspending part or this entire Contest at any time by posting such amendments to these Rules online. If the entrant does not wish to accept any amendment to these Rules, the entrant's sole remedy is to withdraw from the Contest.
20. If any provision(s) of these Rules are held to be invalid or unenforceable, all remaining provisions hereof will remain in full force and effect.
21. Unless the context otherwise requires, references to any gender include all genders and use of the singular includes the plural and vice versa.
Please note that demo accounts are based on simulated conditions. Though MetaTrader 4 demo accounts attempt to replicate real-time market scenarios, there are key differences that distinguish it from a live account; including, but not limited to, the lack of dependence on real-time market liquidity. In addition, MetaTrader 4 demo accounts may impair results achieved in a live scenario. 


IamFX is an independent legal entity and is not affiliated with Myfxbook. IamFX does not endorse any product or service described on this website. IamFX has not reviewed or verified any performance results presented on this website that does not pertain to the IamFX MT4 Demo contest. Contests and prizes offered should not be considered as an incentive to trade. Only partake in the trading contests when you feel you ready to trade. 


High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 


Contests and prizes offered should not be considered as an incentive to trade. Only partake in the trading contests when you feel you ready to trade.

Contests and prizes offered should not be considered as an incentive to trade. Only partake in the trading contests when you feel you ready to trade