Contest Regulations for Real Account Contest

Main Definitions

Name of Contest: "Real Account Contest" (referred to as "Contest")

Contest Organizer: United World Capital Ltd (referred to as "Organizer")

Timeframe: 2 weeks Contest begins at 01:00:01 every Monday (terminal time, GMT+2) and ends at 22:59:59 every Friday (terminal time, GMT+2) on the following week. (For instance, competiton stage of 'Contest №1' begins at 01:00:01 on Monday 3rd May, and finishes at 22:59:59 on Friday 14th May.)

Contest results will be regularly summed up on the Wednesday following its termination.

Details

• Contest participants register for the Contest in 2 different groups, depending on the initial deposit amount:
  • USD 10 – USD 299
  • USD 300 – no upper limit
• Currency for all contest accounts: USD.
• Leverage for all accounts during contest period: 1:100.
• All accounts with less than 10 USD deposit are excluded from the Contest within 3 days of its beginning.
• Each trader can register for one group only.
• Traders are allowed to deposit money to their trading account during the Contest, if they find it necessary. If traders deposit an amount bigger than the group limit, their account will not be transferred to the other group.
• Organizer sets 5 winning places for each group.
• Organizer sets the minimum number of registered Contest participants: 15 for each group.

  If fewer than 15 people register for either Contest group,the Contest will not take place for that particular group. In this case registration will be extended for 2 weeks.

Participation in Contest

• Only verified company clients can register for the Contest.
• Both private individuals and legal entities can participate in the Contest.
• Contest participants must be 18+ years old.
• Contest participants must register on the Organizer's website and open a separate LITEForex account.
• One person can only register once and open only one (1) Contest account in each Contest.
• All information provided before and during the Contest must be true, current and complete.
• The Organizer has the right to decline participant's application without any previous explanation.
• The Organizer preserves the right to make changes to the present rules without previous notification. These changes will then affect all future contest series, including contest registrations already in progress.

How-to in 4 Steps

1. 1: If you aren’t our client yet, register with us, get verified, and open a LITEForex trading account
2. 2: to apply for the contest, you need to open a Contest LITEForex account
3. 3: decide which of the 2 Contest groups you want to apply for (see more at Details above) and deposit the initial amount on your Contest LiteForex account
4. 4: you will receive an email from us with your access data, useful information about your account and about the starting/closing date of the contest.

Contest Trading Conditions

Each Contest participant receives a LITEForex account with the trading conditions applicable to this account type. Participants are free to choose the leverage. Participants must agree to and follow the General Business Terms and Contest Regulations while conductiong account operations.

Contest Winners

Winners are chosen according to the calculation of rating received after the end of the Contest. Rating is calculated using the following formula:

(money earned / money deposited in the beginning ) * 100%

which means:

(income/deposit) * 100%

The first 5 accounts with the highest percentage are the winners. If participants withdraw either the whole or part of the deposit during the Contest, this will not influence rating calculations.

As soon as the Contest ends, all opened deals will be automatically closed by the last price of the corresponding instrument. United World Capital Ltd will not disclose participants’ personal data to third parties without their consent. The rating table will contain the following: account number, country of residence and current account balance.

Prizes

Total prize amount: $4600 USD.

Places	Group I (USD 10 – USD 299)	Group II (USD 300 – no upper limit)
1st	300 US dollars	1000 US dollars
2nd	250 US dollars	800 US dollars
3rd	200 US dollars	700 US dollars
4th	150 US dollars	600 US dollars
5th	100 US dollars	500 US dollars

If two or more participants obtain the same Contest result and are eligible to receive the prize, each of them will receive the same prize amount. Prizes are deposited to Contest winners' trading accounts within max. 5 business days after the end of the Contest.

The prize amount is deposited on the winners' trading account in the form of bonus. Any profit from this bonus can be withdrawn without limitations. 

Participants' Disqualification

The Organizer reserves the right to disqualify any contestant during the Contest by explaining the reason for doing so.

The reasons for disqualification may be the following:

• Justified suspicion that participant trades on more than one account
• Violation of contest regulations
• Violation of General Business Terms or other regulatory documents
• If participant doesn’t make a deposit within 3 days after the Contest has begun

Disputable Situations

In case of technical errors including trading server or connection failure, and any other errors of technical nature, only claims related to GTC (good till cancel) orders execution will be considered. This also applies to stop-loss orders. In case of non-market quotations (spikes), trades carried out using the non-market prices shall be cancelled.

Liability

Neither employees of United World Capital Ltd nor their family members are permitted to participate in the Contest.

All issues that are not directly or indirectly described in the current Regulations should be dealt with according to the General Business Terms and other UWC regulatory documents.

You should be a verified client of United World Capital Limited.