Terms and Conditions
These terms and conditions apply to Multibanfx Forex Trading Competition (the “Competition”). By participating in the Competition, you agree to be bound by the following terms and conditions:
- The Competition starts on 1st May 2019 at 23:00 CET and ends on 31st May 2019 at 23:00 CET.
- Once you register for the Competition, by submitting your documents (ID and KRA Pin Certificate or POA) a dedicated live account will be created on the Metatrader 4 platform, to be used for trading in the context of the Competition. The Live account will be set in USD currency only and will dispose of 1:200 leverage.
- The same trading conditions will apply to every participant. You must register with your full name within the Competition signup form. You understand and agree that the name registered will be your alias in the Competition rankings and therefore, visible to all participants.
- A 100% Bonus on the first deposit will be accredited to the
account to facilitate the trades. A minimum of $100 is required
to participate in the competition
- The 100% Bonus is only available on the Maximus Platform.
- This bonus is non-losable.
- The maximum bonus amount per customer is $50,000.
- Manipulation of the system by arbitrage trading is strictly prohibited.
- Trades opened and closed in less than 120 seconds are subjected to the scalping policy.
- The bonus will be reversed at the end of the competition.
- You can trade on all Forex pairs and gold only.
- No withdrawals allowed during the competition
- No EA Trading allowed
- The participants will be able to refund their accounts during the competition.
- The 3 Participants having the highest percentage profit of the
initial deposit at the end of the Competition (taking into account
the balance as well as all open positions) will receive a prize.
- The first prize is a 1,000 USD cash bonus
- The second prize is a 500 USD cash bonus
- The third prize is a 250 USD cash bonus
- Winners will have their information verified before claiming prize.
- The cash prize will be credited to this trading account within 20 calendar days of the competition’s ending date.
- All the Participants will be awarded the Certificate of Participation in the Multibank Forex Trading Live Competition.
- The Competition is opened exclusively to Kenyan`s who haven't previously held a Forex account with MultibankFx.
- Asset managers, Introducing brokers, Clients of asset managers as well as Companies are not eligible to participate in this Competition.
- The Competition is limited to one trading account per person.
- The Competition is only intended for the distribution in Kenya and only participation by Kenyans.
- No correspondence will be entered into regarding the Competition. No legal redress is available.
- Multibanfx and Forex Arena reserves the right to alter, extend, cut short or cancel the Competition at its sole discretion at any time, with prior warning and with no liability on its part.