Introducing “Prince of Pips” – a Live Trading Forex Contest the most exciting live contest for Fidelis Capital Markets Clients and Forex traders yet!!! Register and you will have the chance to put your expertise and trading skills against other traders with one goal in mind; to win the incredible cash prizes!!!
Fidelis Capital Markets is thrilled to announce the launch of Prince of Pips, an electrifying live trading competition for all traders. In this wonderful game, you need to implement your best trading skills. The fight is not just against other skillful traders but against time and market challenges. Competitors will trade to win the top prize of $5,000 CASH, 2nd prize of $2,500 CASH 3rd prize of $1,250 CASH 4th prize of $750 CASH and 5th prize of $500 CASH in their STP/ECN live trading account. Perfect timing and ability to sense the danger ahead are the main keys to experience a triumphant win over your competitors. So, act smarter and overcome your competitors with ease.
Live Trading Contest Details
Winner Will Be Annouced On
Live Trading Contest – Terms & Conditions
The contest starts on the February 15th, 2017 and ends on March 17th, 2017.
Registration for the Contest begins on January 31st, 2017. ends on February 14th, 2017.
Registration for this Contest / and/ or entry in the Contest constitutes your agreement to these Rules and you will not be eligible for the prize unless you agree to these Rules.
Every entrant should be at least 18 years of age.
Fidelis Capital Markets reserves the right to refuse any person as an entrant.
Each entrant is allowed to have one Contest account ONLY. More than one Contest account is grounds for disqualification.
Scalping, News Trading and use of robot trading is allowed.
Fix Leverage for all contest accounts at 1:200.
Contest participants can withdraw or deposit funds at any point in time during the contest as per the company’s deposit & withdrawal policy & procedure.
Initial minimum deposit must be equal to $100
Participants can continue trading after the contest ends. Any Profit and Loss achieved after the contest period will not be used for the purpose of defining the contest winners.
Participation to the contest means that contest participants consent to publishing their trading history and/or activity. Fidelis will not publish any personal information of the participants.
To activate your Fidelis Capital Markets live contest account, your account application will undergo the normal account opening procedure with compliance in place.
The Client’s (participant) account is not eligible for any other Promotion or Bonus Scheme during the Registration period.
Existing clients can request to open a new account, make an internal transfer or deposit fresh funds and request participation in the contest.
Any kind of arbitrage trading or any other abuse with pricing and / or quotes will be subject to disqualification from the Contest.
Fidelis Capital Markets has the sole discretion to disqualify any participant or winner found in violation of the Contest Rules.
Fidelis Capital Markets reserves the right, in its sole discretion, to amend these Rules. If the participant does not accept any amendment to these Rules they can withdraw from Contest.
The winners of the Live Trading Contest will be the traders who have the highest Time Weighted Return (TWR) including any floating P/L. Time Weighted Return Formula
Floating Profit and Loss at the end of the Contest will be used in the TWR formula for the purpose of defining the winners of the Contest and the standing in the leader board.
US residents are not allowed to participate in the live contest
A participant has made several deposits amounting to $1000 and its current P/L is $500. He or She did 5 trades with Profit $100 each time. Starting Balance is $900. Balance was at trade A) $900, B) $1000, C) 1200, D) 1300 and E) 1400, ending to a total balance of $1500. Between the trades B and C has been another deposit of $100. Using the TWR formula we have the following result
If a participant trader has $400 floating P/L at the end of the contest period. Deposits of $1000, withdrawal of $400 and booked P/L $-150. He or She did 2 trades, Trade A) Balance at open $1000, P/L $-80, Withdrawal $400, Trade B Balance at open $520 P/L $-70, Trade C Balance at open $450 Floating P/L $400.
The total prize fund of the contest are as follows: A) 1st Prize equals to 5,000 USD B) 2nd Prize equals to 2,500 USD C) 3rd Prize equals to 1,250 USD D) 4th Prize equals to 750 USD E) 5th Prize equals to 500 USD
The 5 Contest winners are those participants with the highest Time Weighted Return (TWR)
In the case of two or more contest winners having equal Time Weighted Return at the end of the Contest, they will share the prize equally.
By winning the Fidelis Capital Markets contest prize, you accept to participate in various promotional events that will be publicly announced in various websites, including the Fidelis Capital Markets website and its other Social media sites.
Prize Notification: Prize winners will be notified by e-mail. In the event that the selected winner (s) of any prize is/are ineligible, cannot be traced or does not respond within ten (10) calendar days, rejects the prize, or does not, within twenty (20) calendar days of prize notification and in Fidelis Capital Markets’ sole discretion, qualify for a live trading account with Fidelis Capital Markets or any of its subsidiaries, the prize will be forfeited and Fidelis Capital Markets, in its sole discretion, may choose whether to award the prize to another participant.
Granting the Prizes Policy
Funds deposited by Fidelis Capital Markets as a Prize can be withdrawn at any time.
In the event of a dispute, all decisions made by Fidelis Capital Markets will prevail and be final.
Conditions and Limitation of Liability
Jurisdiction: Entrants agree that this Contest is subject to and governed by the Laws of the Republic of Cyprus.
Right to Terminate Contest-Fidelis Capital Markets reserves the right to delay, suspend or terminate this Contest at any time, without prior notice and without liability to the participants.
Fidelis Capital Markets is a Cyprus investment firm regulated by CySEC under licence 208/13 and based in Cyprus.
Trading in foreign exchange carries high speculation and involves substantial risk. FX trading may not be suitable for all investors; even the most experienced traders can experience substantial losses. Before deciding to trade with such leveraged products as FX and CFDs are, we suggest that you seek independent financial advice.
Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation.
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Fidelis Capital Markets does not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines
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