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Official Rules of FX Solutions' Olympian Forex Trading Contest
FX Solutions' Olympian Forex Trading Contest is a Forex trading competition for clients of FX Solutions that have USD 500 or greater Current Account Equity ("equity") in their Live Trading Account as of 16:30 ET on Friday August 8, 2008 as shown on the FX Solutions Individual Customer Statement.
Olympian Forex Trading Contest Competition
Trading for the Olympian Forex Trading Contest competition starts on Sunday August 10, 2008 at 16:00 Eastern Time ("ET") and ends Monday August 25, 2008 at 17:00 ET. All FX Solutions' Live Account holders that meet the Eligibility Requirements below will be automatically entered into the competition.
Grand Prize Competition
The winner will be awarded with USD 15,000; the winner to be determined by the competitor that has the greatest percentage (%) increase in equity between the Friday August 8, 2008 at 17:00 ET equity and the equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There will also be USD 10,000 and USD 5,000 awarded to the competitors that have the second and third greatest percentage (%) increase, respectively, in their live trading account with FX Solutions between the beginning and end of the Contest Period.
Regional Competition
For each of six regions, the winner will be awarded with USD 2,000; the winner to be determined by the competitor, whose place of residence as shown on the Individual Customer Statement at the beginning of the Contest Period ("Place of Residence") is within that region, that has the greatest percentage (%) increase in equity balance in their live trading account between the equity as of Friday August 8, 2008 at 17:00 ET and the equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There will also be USD 1,000 and USD 500 awarded to the competitors, whose Place of Residence is within that region, that have the second and third greatest percentage (%) increase, respectively, in their live trading account with FX Solutions between the beginning and end of the Contest Period.
Countries are assigned to the six regions (North America, Latin America, Asia/Pacific, Middle East, Europe, Africa) according to the United Nations Statistics Division classifications, available at
www.fxsolutions.com/contest/olympian/regions.asp
Country Rankings
For information purposes only, FX Solutions will rank the top performing countries based on the aggregate percentage (%) increase in equity balance, for those that meet the eligibility requirements, in their live trading accounts between the aggregate equity as of Friday August 8, 2008 at 17:00 ET and the aggregate equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There are no prizes, whether individual or aggregate, associated with this ranking.
Existing FX Solutions' clients that have live trading accounts with a minimum Equity Balance of USD 500 as of 16:30 ET on Friday August 8, 2008 are automatically enrolled in the Olympian Forex Trading Contest.
Existing FX Solutions' clients with live accounts can add deposits to their account to meet the USD 500 minimum Equity Balance. Such deposits must be added to a client's account by Friday August 8, 2008 at 16:30 ET. For those live accounts that add deposits to meet the USD 500 minimum Equity Balance requirement, for the purposes of determining the winners of the Olympian Forex Trading Contest awards, those competitor's results will be based on the competitor's results for their entire account equity, not just based on the funds added to meet the USD 500 Equity Balance requirement.
FX Solutions' margin policy remains in effect throughout the competition.
All competitors must complete a minimum of twenty-five (25) round turns, equivalent to 250,000 currency units, during the contest period to be eligible for any award. As an example, the buying or selling of (1) 100,000 currency unit EUR/USD contract counts as 10 round turns.
The Olympian Forex Trading Contest is for self-traded accounts only, i.e. managed accounts are not eligible. FX Solutions' customers can only have one live account that can be entered into the competition and considered for the purposes of determining the winners of the awards for the Olympian Forex Trading Contest. If multiple individual accounts are held, the account with the highest equity will be selected for eligibility. No late entries will be permitted.
All awards won by the competitors will be added in US dollars to their existing live account with FX Solutions no later than August 31, 2008. The customer must complete fifty (50) round turns, over any time period, before being able to withdraw funds added to their live account as a result of the award(s) won during the Olympian Forex Trading Contest. The total prize pool for the Olympian Forex Trading Contest is USD 51,000.
Winners of awards will not be obligated to add any other equity to their account, or purchase other services, from FX Solutions.
By participating in the Olympian Forex Trading Contest, competitors agree to abide by these Olympian Forex Trading Contest Rules, and the decisions of FX Solutions regarding the Olympian Forex Trading Contest are final and binding. FX Solutions reserves the right to amend the Official Rules of the Olympian Forex Trading Contest as the company deems appropriate.
Before deciding to participate in the competition, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited to, the failure of hardware and software.
Employees of FX Solutions, its subsidiaries, affiliates and suppliers, and their immediate families are not eligible to compete in the Olympian Forex Trading Contest.
For additional information, please email FX Solutions at Olympian@fxsol.com
Olympian Forex Trading Contest Competition
Trading for the Olympian Forex Trading Contest competition starts on Sunday August 10, 2008 at 16:00 Eastern Time ("ET") and ends Monday August 25, 2008 at 17:00 ET. All FX Solutions' Live Account holders that meet the Eligibility Requirements below will be automatically entered into the competition.
Grand Prize Competition
The winner will be awarded with USD 15,000; the winner to be determined by the competitor that has the greatest percentage (%) increase in equity between the Friday August 8, 2008 at 17:00 ET equity and the equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There will also be USD 10,000 and USD 5,000 awarded to the competitors that have the second and third greatest percentage (%) increase, respectively, in their live trading account with FX Solutions between the beginning and end of the Contest Period.
Regional Competition
For each of six regions, the winner will be awarded with USD 2,000; the winner to be determined by the competitor, whose place of residence as shown on the Individual Customer Statement at the beginning of the Contest Period ("Place of Residence") is within that region, that has the greatest percentage (%) increase in equity balance in their live trading account between the equity as of Friday August 8, 2008 at 17:00 ET and the equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There will also be USD 1,000 and USD 500 awarded to the competitors, whose Place of Residence is within that region, that have the second and third greatest percentage (%) increase, respectively, in their live trading account with FX Solutions between the beginning and end of the Contest Period.
Countries are assigned to the six regions (North America, Latin America, Asia/Pacific, Middle East, Europe, Africa) according to the United Nations Statistics Division classifications, available at
www.fxsolutions.com/contest/olympian/regions.asp
Country Rankings
For information purposes only, FX Solutions will rank the top performing countries based on the aggregate percentage (%) increase in equity balance, for those that meet the eligibility requirements, in their live trading accounts between the aggregate equity as of Friday August 8, 2008 at 17:00 ET and the aggregate equity as of Monday August 25, 2008 at 17:00 ET (the "Contest Period"). There are no prizes, whether individual or aggregate, associated with this ranking.
Eligibility Requirements
Customers that do NOT have an existing FX Solutions' live account must establish a Live Account with an initial minimum Equity Balance of USD 500 by Friday August 8, 2008 at 16:30 ET to be eligible for the Olympian Forex Trading Contest (referred to as "new customers").
Existing FX Solutions' clients that have live trading accounts with a minimum Equity Balance of USD 500 as of 16:30 ET on Friday August 8, 2008 are automatically enrolled in the Olympian Forex Trading Contest.
Existing FX Solutions' clients with live accounts can add deposits to their account to meet the USD 500 minimum Equity Balance. Such deposits must be added to a client's account by Friday August 8, 2008 at 16:30 ET. For those live accounts that add deposits to meet the USD 500 minimum Equity Balance requirement, for the purposes of determining the winners of the Olympian Forex Trading Contest awards, those competitor's results will be based on the competitor's results for their entire account equity, not just based on the funds added to meet the USD 500 Equity Balance requirement.
FX Solutions' margin policy remains in effect throughout the competition.
All competitors must complete a minimum of twenty-five (25) round turns, equivalent to 250,000 currency units, during the contest period to be eligible for any award. As an example, the buying or selling of (1) 100,000 currency unit EUR/USD contract counts as 10 round turns.
The Olympian Forex Trading Contest is for self-traded accounts only, i.e. managed accounts are not eligible. FX Solutions' customers can only have one live account that can be entered into the competition and considered for the purposes of determining the winners of the awards for the Olympian Forex Trading Contest. If multiple individual accounts are held, the account with the highest equity will be selected for eligibility. No late entries will be permitted.
Initiation of Competition and Announcement of Leaders
Trading for the Olympian Forex Trading Contest will start for each individual competitor on Sunday August 10, 2008 at 16:00 ET. Competitors will NOT be able to compete in the Olympian Forex Trading Contest until they have provided the funding for their account to meet the USD 500 Equity Balance requirement. There is no registration or fee required for the Olympian Forex Trading Contest. The top overall leaders and award winners for the Olympian Forex Trading Contest will be posted at www.fxsolutions.com/contest/olympian/official-standings.asp
Winners and Awards
In the case of a tie for an award, the trader with the most round turns will be the winner of the award.
All awards won by the competitors will be added in US dollars to their existing live account with FX Solutions no later than August 31, 2008. The customer must complete fifty (50) round turns, over any time period, before being able to withdraw funds added to their live account as a result of the award(s) won during the Olympian Forex Trading Contest. The total prize pool for the Olympian Forex Trading Contest is USD 51,000.
Winners of awards will not be obligated to add any other equity to their account, or purchase other services, from FX Solutions.
Opt-Out
All FX Solutions' customers that meet the Eligibility requirements, either as a new customer or existing client of FX Solutions, will be automatically entered in the Olympian Forex Trading Contest. Clients can opt-out of being a participant in the competition at any time by emailing
Olympian@fxsol.com.
Additional Information and Disclosure
In order to be eligible for the competition and awards, competitors must be willing to let their first name and last name initial and trading performance be published by FX Solutions during and after the Olympian Forex Trading Contest. Winners of the Olympian Forex Trading Contest will be announced on the Olympian Forex Trading Contest web site, www.fxsolutions.com/contest/olympian/official-standings.asp by August 31, 2008. Winners of the Olympian Forex Trading Contest may be requested to provide a testimonial; the use of the testimonial being at the sole discretion of FX Solutions, with the approval of the winner of the Olympian Forex Trading Contest.
By participating in the Olympian Forex Trading Contest, competitors agree to abide by these Olympian Forex Trading Contest Rules, and the decisions of FX Solutions regarding the Olympian Forex Trading Contest are final and binding. FX Solutions reserves the right to amend the Official Rules of the Olympian Forex Trading Contest as the company deems appropriate.
Before deciding to participate in the competition, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds. There are also risks associated with utilizing an internet-based deal execution software application including, but not limited to, the failure of hardware and software.
Employees of FX Solutions, its subsidiaries, affiliates and suppliers, and their immediate families are not eligible to compete in the Olympian Forex Trading Contest.
For additional information, please email FX Solutions at Olympian@fxsol.com